Selling Your Costa Mesa House as a First-Time Homeowner
The reasons commentators dispense so much advice to first-time homebuyers are clear: the process of finding and buying a house means making a huge financial commitment in an industry rife with customs and terms that are alien to most consumers. Once you have navigated the process, it’s all less intimidating—but you really have to do it once to feel at ease.
But what about selling your Costa Mesa house if you’ve never done that before? Since you’ve been through a successful sale from the buyer’s side, it may feel a good deal less daunting, but the considerations and choices do look different from the opposite side of the table. Again, selling your Costa Mesa house is a huge financial venture—and your lack of prior experience can make some decision-making a nerve-rattling occasion.
Last week, Realtor® Magazine offered an article that should be required reading for all of those who plan on selling their Costa Mesa house as a first-time seller. The piece, titled “3 Mistakes of Novice Sellers,” featured a list of the missteps most commonly encountered by real estate pros:
- Unrealistic price expectations. Today’s market is as one widely characterized as featuring “soaring home prices” and “high demand.” New sellers might expect that the best listing price would be a rock-bottom figure—and expect buyers to begin outbidding one another immediately. Knowledgeable sellers are less rigid. From real market experience, they know that the listing price they set simply indicates an approximate appropriate price “intended to drive interest in the property”—then the real market takes over.
- Accepting the highest offer. Some offers (especially the ‘sight unseen’ ones) may be retracted after an onsite showing—a common phenomenon in today’s market. The result can be a loss of traction if more solid offers have disappeared in the interim.
- Trying to go FSBO. The temptation to go it alone might seem less risky when the market is sizzling, but the cost of failing to expose the home’s debut to the widest audience of qualified buyers is always questionable. In reality, successful For Sale by Owner transactions make up only about 7% of successful sales—which explains why so many FSBO converts’ ultimate decision is to try again—with the help of a real estate professional.
Whether or not it’s your first time out as the homeowner, selling your Costa Mesa house is serious business that calls for professional backing. Call us for a free, no-obligation consultation!
We are built on a philosophy of Heritage & Hustle. The L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission is to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has The L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to The L3 and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact The L3 today at 714-444-4663 or email us at info@thel3.com
The L3, L3 Real Estate, Costa Mesa Real Estate, Huntington Beach Real Estate, The Best Real Estate Company in Costa Mesa, The Best Real Estate Company in Huntington Beach, What is the best real estate company in Costa Mesa, What is the best real estate company in Huntington beach, Costa Mesa, Huntington Beach
