The Boca Raton Premier Properties Guide to Selling Your Luxury House or Condo

The housing market continues to have a steady up climb according to a recent article found on Forbes. The online business magazine expresses there’s no chance of a housing bubble anytime soon. For this and many other reasons, Boca Raton homeowners who are looking to sell their properties want to maximize investments. Also, a select population who’s also downsizing from the country club estate to a condominium development may want to do so while the market is on the upswing. If you’re seeking answers to selling your property, there are several decisions you will need to make before, during and after the sale to ensure you're meeting the goals. Use this blog as a guide to sell your luxury property or to open conversation with your realtor to get the best results.

Vacation and Secondary Homeowners Know and Understand Your Tax Laws for Florida

Many people own secondary housing in the state of Florida (home of the homestead laws). While this may be the case in the luxury markets, people who are selling a second or vacation property need to understand real estate laws involving the sales of a home or land just as full-time homeowners. Because most cases involve the IRS and tax breaks to homeowners, you’ll want to know what can be expensed such as deductible closing costs, selling costs and property taxes. You may want to research what the adjusted basis of your home entails to determine whether you have a capital gain or loss. Your real estate agent will be able to guide you through this process and give you an estimate of what will happen with the sale. Be sure to visit the IRS website to learn more.

Round Up Your Boca Raton Real Estate Team

To sell your Boca Raton home, you’re going to need important players such as a closing attorney, photographer, interior designer or stager and someone to do repairs. You will also be leaning on the services and expert advice of a realtor to guide you through the process. This team of professionals will help represent you by using specialized areas of training. Don’t hesitate to ask them to see their portfolio, certifications and any other skillset necessary to help you in finding the right buyer. Another key task all real estate agents use is their negotiation skills and marketing knowledge. These tools are invaluable when it comes time to get the word out and build strong relationships with both parties. Be sure to ask a reasonable amount of questions to help you make the right decision when it comes to hiring your sales team.

Housekeeping Things to Keep in Mind When Selling Your South Florida Home

Your real estate professional or broker may make some logical suggestions about the condition of your home. For instance, he or she may suggest removing any evidence of pets such as dog or cat feeding bowls, or litter box and toys. At the same time, your agent may give you crucial advice regarding animals; they might help you find solutions to giving your home a selling appearance. Most homeowners don’t want to be reminded there have been others living in that space. It’s best to find neutral solutions so the next buyers can come in and visualize becoming owners themselves. If your realtor suggests staging or hiring a maintenance specialist to fix something, it’s because they hold your best interest and want to be successful. Realtors know, little things like opening the drapes or making sure there’s no clutter can make or break a deal. Often these types of things can affect the highest price as well. Trust your real estate professional when they make these types of proposals as it’s generally for your benefit.

Online Research for Real Estate Buyers Shows Shopping by Using Mobile

In addition to having proper housekeeping and curb appeal, be sure to announce your home’s sale on your social media channels. Statistics show 51% of home buyers used the internet to find their homes over the last few years. Furthermore, when you list your home, it’s good practice to let your friends and family know on places such as Facebook. Facebook referrals or someone seeing a Facebook advertisement is becoming more common in the real estate market. If you are going to advertise, use professionally shot photographs or video to juice up your interest on sites like Google + and even Pinterest. More and more of today’s top agents understand and utilize social media as a vehicle to get more eyes looking at your property. Don’t hesitate to ask what marketing strategies are used to sell a home prior to listing with that agency.

Going Rates for Your Boca Raton Market

Because things such as interest rates and listing prices change daily, it’s imperative to find out what’s happening before selling your home. In some cases, the agency may recommend what and when your house will have a better opportunity to sell. Be sure to check out what’s happening in your housing market to see if there are any trends or issues. The research will help you a great deal when partnering with the right brokerage. You’ll also be gaining an excellent viewpoint on what your advantages and disadvantages may entail.

Be Competitive with Pricing Based on the Market

Once you’ve done your due diligence and found out what the current rates and the housing market is doing, you will need to determine a sales price. What you ask for is crucial to whether your home will sell or not. If you ask too little, you may be disappointed in the end. However, if you ask too much, you may scare away quality buyers. Be sure to consult with your real estate agent or broker to determine the market listing price that will attract the right buyers. The approach is necessary to move your estate. Moreover, don’t allow your attachment to your luxury house or condo determine the value. In this case, your agent is your best ally and will hold your interest in the highest regard.

Now that you’ve got a whole arsenal of information necessary for pre-selling your home, it’s time to speak to an expert who understands the market and the buyers. By finding the right team to support your decisions, you’ll find the process to be painless and more reliable.

If you or someone you know is looking to sell a luxury property in Boca Raton, please contact our specialists for assistance.