Ignite FB Tracking PixelEvaluate the Seller's Perspective - Kim Ellis, REALTOR
Evaluate the Seller's Perspective

by Kim Ellis, REALTOR 11/04/2018

A homebuyer who considers the seller's perspective may be better equipped than others to enjoy a successful property buying experience. In fact, this buyer should have no trouble submitting a competitive offer to purchase – something that may lead to a fast home purchase.

Now, let's take a look at three tips to help you analyze the seller's perspective.

1. Review a Home Listing

A home listing provides a great opportunity to learn about a house. It also enables you to analyze how long a house has been available, a residence's features and other factors that may dictate your decision to pursue a residence.

Assess a home listing closely. If you believe your expectations fall in line with a seller's after reviewing a listing, you may want to consider setting up an in-person showing. Or, if you believe a home does not match expectations, you may want to continue to look for your dream house.

2. Check Out a House In-Person

If you find a home you may want to buy, it generally is a good idea to set up an in-person showing. At this point, you can see how a seller has maintained a house and determine if a home is right for you.

Typically, a real estate agent is ready to respond to a buyer's concerns and questions during a showing. This housing market professional may be able to provide insights into why a seller has listed his or her residence. And as a result, you can use these insights to make an informed decision about how to proceed with a house.

3. Understand the Local Housing Market

The local housing market fluctuates, and it may favor buyers or sellers. If you study the local real estate sector, you can differentiate a buyer's market from a seller's market – or vice-versa.

In a buyer's market, there may be an abundance of quality houses available at budget-friendly prices. On the other hand, in a seller's market, there may be a shortage of first-rate houses, and those that are available may be in high demand among buyers.

Keep in mind how a seller's perspective may vary based on the current housing market's conditions as well. If a buyer's market is in place, a seller may be ready to accept a competitive offer to purchase his or her residence. Conversely, in a seller's market, a seller may be reluctant to accept an offer to purchase that falls below his or her initial home asking price.

Lastly, as you get set to embark on the homebuying journey, you may want to hire a real estate agent. This housing market professional can teach you everything you need to know about buying a house. He or she can help you analyze the seller's perspective and make an informed home purchase too.

Ready to navigate the homebuying journey? Use the aforementioned tips, and you can assess the seller's perspective and boost the likelihood of enjoying a successful homebuying experience.

About the Author

Author
Kim Ellis, REALTOR
Kim Ellis has been a Naples resident since 1975 and has been licensed to sell Real Estate in Florida since 1990. She obtained her Broker’s License in 2000 and holds her GRI (Graduate Realtors Institute), ABR (Accredited Buyer’s Representative) and e-Pro designations. Kim has been an active volunteer with Collier County Public Schools for many years and was the coach for the Palmetto Ridge High School Girl’s Lacrosse team for their inaugural season. When Kim isn’t at work she and her husband Bob will be found enjoying their time with their large family which all reside here in Naples. Kim has been a multi-million dollar producer with John R Wood since October of 2000 and specializes in Single Family Home sales. If you have a home to sell or wish to buy one Kim has vast knowledge of the local market and can surely help. Give her a call today and you won’t be disappointed.