Top 3 Mistakes Home Sellers Make

Selling your home can be an exciting yet challenging process. To ensure a smooth sale and attract potential buyers, it's crucial to avoid common pitfalls. Here are the top three mistakes that sellers often make and how to sidestep them.   1. Being Present During ShowingsOne of the biggest errors a seller can make is being present in the home during showings. Buyers tend to feel uncomfortable when the current owner is around, which can hinder their ability to envision themselves living in the space. Instead of connecting with the home, they may feel rushed or restricted, making it difficult for them to ask questions or express their genuine thoughts. To create a welcoming atmosphere, it's best for sellers to vacate the property during showings, allowing the potential buyers to explore freely and engage with the space.   2. Overpricing the HomePricing your home too high is a common pitfall that can lead to extended market time and missed opportunities. The first day your property hits the market is crucial – the excitement and urgency surrounding a new listing can lead to multiple offers and higher selling prices. Therefore, it's essential to review the Comparative Market Analysis (CMA) provided by your listing agent or consider getting a professional appraisal. An accurate price not only attracts serious buyers but also positions your home competitively in the market.   3. Neglecting Home PreparationYou want to make a lasting impression on potential buyers. Homes that are well-prepared showcase their best features and allow buyers to imagine themselves living there. This includes decluttering, deep cleaning, and making necessary repairs. Sellers should also consider staging the home to enhance its appeal. Well-prepared homes often sell faster and at better prices, as buyers are more likely to see them as move-in ready. Every showing should reflect the home's potential and charm.   By avoiding these three common mistakes – being present during showings, overpricing your home, and neglecting preparation – you can significantly improve your chances of a successful sale. Partnering with an experienced real estate agent can also provide invaluable insights and guidance throughout the selling process. Remember, your goal is to make your home as appealing as possible to potential buyers and create a welcoming atmosphere that encourages them to make an offer.   📆 Schedule time with me to address any questions and concerns about buying, selling, and renting residential real estate in the Valley of the Sun (Metro Phoenix). 🏠 We'll get you where you need to go! 🚀   ☎️ Mobile 602-517-4463📧 Mail@JasonPetersonRealtor.com🌐 JasonPetersonRealtor.com  

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Neighborhood Report for Ahwatukee in Phoenix, Arizona (September 2024)

📊 Market Trends: The following RPR* graphic for Ahwatukee displays key metrics for sold listings (Single Family Homes, Condominiums and Townhouses). The Market Type indicator, which is driven by the months of inventory, describes whether the market conditions favor a buyer or seller, or is balanced. 📌 Seller’s Market: 📌 Balanced Market: >= 5.6 and 📌 Buyer’s Market: >= 6.6 months The Neighborhood Report calculates months of inventory by dividing the count of listings that were active on the last day of the given month by a rolling 12-month average of newly pending listings. 📊 Median Estimated Home Values: The following RPR* graphic for Ahwatukee displays property estimates. Estimated property values are generated by a valuation model and are not formal appraisals. Click here to learn more about AVMs vs. CMAs. The median sales price lists all prices in ascending or descending order and finds the midpoint – where half the homes sold for more, and half the homes sold for less.   📊 Looking for more statistics and insight into our markets? 🏠 Whether you are buying, selling, or just daydreaming about a new home, I can help you make an informed decision. ✅ 📥 Download the Neighborhood Report for Ahwatukee ☎️ Mobile: 602-517-4463📧 Mail@JasonPetersonRealtor.com🌐 JasonPetersonRealtor.com *Realtors Property Resource® (RPR) is a national database of real estate-related info maintained by the National Association of REALTORS® for its members like Jason Howard Peterson.

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NAR Consumers: Negotiating Written Buyer Agreements

So, you’ve decided it’s time to buy a home and want to work with an agent to guide you through the process – excellent choice. The next step is to interview agents and negotiate a written agreement that includes the services the agent will provide and the compensation they will receive. Here’s what you need to know about negotiating an agreement with an agent who is a REALTOR®.   When will I be able to negotiate? Written buyer agreements are required for many real estate professionals before you tour a home with them, either in-person or a live virtual tour. These agreements help ensure both you and your agent are clear about roles, responsibilities, and agent compensation. If you are simply visiting an open house on your own or asking a real estate professional about their services, you do not need to sign a written buyer agreement.   What can I negotiate? Agreements with your agent are negotiable, including terms about the services your agent will provide, how much your agent will be paid, how long your agreement will last, and more. You and your agent will work together to reach an acceptable agreement that allows you to get the value and services you need in the homebuying process, while also enabling your agent to pursue fair compensation for their work. Remember, compensation is fully negotiable and not set by law. You should consult a real estate attorney if you have any questions or concerns regarding a buyer agreement.   How is my agent compensated? Agent compensation can take many forms, such as a flat fee, a percentage of the purchase price, or an hourly fee. Agents cannot agree to an open-ended amount or range of compensation such as “the agent’s compensation will be whatever amount the seller is offering” or "between X and Y percent." You can also ask the seller to offer compensation to your agent, which can be sought after in the purchase contract via the seller compensation addendum.   What types of services can my agent provide? Agents may offer many types of services such as finding and showing you homes that meet your criteria, accompanying you to showings, sharing their analysis of available properties, negotiating on your behalf, and more.   How do I start the conversation? You may want to talk to a few agents to find the best match to help you on your homebuying journey. Start by asking questions about the options available to you. If you are working with a REALTOR®, they are bound by a Code of Ethics to have open and transparent conversations with you about your options.   What if we can’t agree? You don’t have to sign an agreement that you don’t agree with, and you or the agent can walk away from a negotiation at any time. Keep looking for the right fit – another agent may be able to better meet your needs.   Can we change the terms of the agreement after we make it? Yes. You and your agent can mutually agree to change the terms of your agreement. But your agreement and/or state law may govern when it can be changed or terminated. Read your agreement closely and speak with your agent if you would like to change or exit your agreement.   ✅ Please visit facts.realtor for more information and resources, and consult your real estate professional or attorney for details about state law where you are purchasing a home.   📣 REALTORS® are members of the National Association of REALTORS®   📚 Welcome to the Future of Residential Real Estate (Commissions Decoupled)📚 Then and Now: Decoupled Commission and New Flow of Compensation🔎 View the ‘Buyer-Broker Exclusive Employment Agreement’ example.🔎 View the ‘Buyer-Broker Agreement to Show Property’ example.🔎 View the ‘Residential Listing Contract - Exclusive Right to Sell’ example.🔎 View the ‘Seller Compensation Addendum’ example.📚 Homebuyers: Here's What the NAR Settlement Means for You📚 Home Sellers: Here's What the NAR Settlement Means for You   📆 Schedule time with me to address any questions and concerns about buying, selling, and renting residential real estate in the Valley of the Sun (Metro Phoenix). 🏠 We'll get you where you need to go! 🚀   ☎️ Mobile 602-517-4463📧 Mail@JasonPetersonRealtor.com🌐 JasonPetersonRealtor.com  

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