Overcome These Obstacles When Selling Your Home

Overcome These Obstacles When Selling Your Home

  • Carissa McMahon
  • 11/13/22

Are you thinking about selling your home in Ridgefield, CT? Have you run into a few challenges and are unsure how to tackle them? Never fear! This guide can help remove the anxiety and help you tackle the cumbersome obstacles you might face when selling your home! Read on to find out what common obstacles home sellers face and how to overcome them!

Pricing it too high

One of the biggest challenges that anyone selling Ridgefield real estate faces is setting the right price. If you set your home’s price too high, then you might be faced with some unintended consequences, such as your home being overlooked. Buyers might even scoff at your home! This could lead to it staying on the market longer than it should. A home that is on the market longer often carries with it a certain stigma, as buyers wonder if there is something wrong with it. To avoid this, it is always best to price your home competitively against other similar-priced luxury homes in the Ridgefield, CT, area.

How to set the right price

Real estate agents use several tools to help determine competitive and fair pricing. The first tool that a real estate agent will use is the home appraisal, which is a holistic analysis of the home’s condition and value. Furthermore, you can expect to find details on the home's size, age, floor plan, and amenities.

A real estate agent will then use the results from the home appraisal to compile a Comparative Market Analysis (CMA). A CMA allows real estate agents to look at similar luxury properties in the Ridgefield, CT, area to determine the fair market value of your home. A real estate agent will use these two reports to set a price that is at the home's value while also being comparable to other similarly priced homes that have sold within the past few months. You can then work with your real estate agent to set a fair and competitive price so that many buyers will make an offer on your home.

Selling in a buyer’s market

The ideal time for homeowners to sell Ridgefield real estate is during a seller’s market when prices are high, greater demand, and fewer homes are for sale. However, there are situations when you have to sell your home as quickly as possible, such as during job transfers or when moving to be closer to family. This means you might have to sell during the less desirable buyer’s market when there is more competition and you have the risk of selling your home for less than its true value. Selling in a buyer’s market can be done — as long as you have a strategic plan!

How to sell a home in a buyer’s market

In a buyer’s market, you will be faced with more competition. That means that you have to make your home stand out. First, you need to get a pre-inspection done on your home to see what condition it is in and what repairs are needed. A house that is not in the best condition could result in buyers turning away without even looking at it!

The second thing you need to do is to add a few updates to attract buyers and even increase your return on investment (ROI). Some updates that you can do include replacing worn-out cabinets, updating light fixtures, installing energy-efficient appliances, and updating the primary bath.

The third and final thing you can do is hire a professional photographer to capture your home's best features so that it will entice many buyers to make an offer. By ensuring that your home is structurally sound, has many must-have updates, and looks good in listings, your home should get many offers and ultimately sell for well over the listed price!

Choosing the wrong real estate agent

In Ridgefield, CT, there are many real estate agents. Some homeowners might feel that any real estate agent can sell their home. However, not every agent can do a good job selling your home. Some real estate agents are beyond phenomenal, while others might be average. By selecting a real estate agent who is not a good fit, you could risk not getting your needs heard or selling your home for less than the listed price. To ensure that your home will sell quickly and for top dollar while getting your needs met, you need to select the best real estate agent for your home.

How to choose the right real estate agent

Selling your home is a massive undertaking, so you need to work with a real estate agent who knows what you want and how to deliver in as personable a manner as possible. When selecting the right real estate agent, it is always advisable that you set up a few interviews to find the perfect fit. During these interviews, you could ask about their credentials and experience selling similar Ridgefield luxury homes like yours. Furthermore, by having interviews, you can see firsthand the communication style of the realtor and whether you have any connection with them.

Your real estate agent needs to be able to represent you from the initial consultation to the negotiation stages, so you need someone who can listen effectively. Furthermore, you also need someone personable and friendly, as they will have to interact with various people, from professional stagers and interior decorators to home inspectors and real estate attorneys. Choosing the right real estate agent can be cumbersome, but by interviewing a few qualified candidates, you can find the right one for your home-selling needs!

Work with Carissa McMahon to sell your home

Want to know how to overcome these and other common obstacles when selling your home in Ridgefield, CT? Do you want a complete home-buying guide? Schedule a consultation with Top Selling agent Carissa McMahon, who can provide expert guidance on everything from the local real estate market to marketing strategies. Using a unique results-driven and personalized approach to real estate, Carissa can help you sell your home quickly and for top dollar!

Work With Carissa

Carissa promises to provide her utmost dedication to professionalism, market knowledge, integrity, and exceptional representation, giving you a distinct edge in handling each and every aspect of your real estate needs to realize your unique goals.