Bremerton Real Estate Blog :: Bremerton :: Silverdale :: Naval Base Kitsap :: Kitsap County ::

Yes, that’s right SELLERS. Usually when the phrase “1st Time….” is used in real estate most assume the phrase would end with “Home Buyers”. Not this time! After you have been a 1st Time Home Buyer you will someday become a 1st Time Home Seller.

There are 5 FACTORS to the home selling process that you must consider prior to “putting your house on the market”. These 5 FACTORS are.

LOCATION
CONDITION
PRICE
TERMS
THE MARKET

Let’s discuss all 5 with very short explanations.

LOCATION
I am sure when you were in the home search process you heard this phrase, “location, location, location” a million times. For your circumstances and needs you probably chose the best location possible. Remember, we can’t move a home - oops yes we can, but guess what for this scenario we aren’t going to. In all reality you know that there are better locations then where your house is at. There always are. That is ok. You bought in the best location for your abilities at the time. So now you might think that because you aren’t in the “primo” area you won’t be able to sell. WRONG. We have to look at location as it reflects the pricing of your home. You must price your home based on your “location, location, location”. Make sense?

CONDITION
The condition of your property will play a huge roll in the pricing process. We need to make sure that your home is in tip-top condition because there is a ton of competition out there and that is what this is a “competition”. We want your house to win so we must make sure that we have “trained” properly to make it to the finish line in the least amount of time. We need to have curb appeal, we need to be clean, and we need everything in its place or packed up and in a storage facility. This is when we can bring in a professional home stager for an edge over most sellers.

PRICE
Price is the most important factor of them all. Most important for you and most important for a potential buyer. You know that your home is only worth what another person is willing to pay for it, right? The price you decided to sell your home at must be in a direct correlation of the other factors. Your price must reflect your location, the condition, the terms and what the market is dictating.

TERMS
The more terms you can offer the more qualified purchasers you will attract. In the past couple of years a lot of seller’s didn’t want to offer VA as an option because the seller is required by the VA regulations to pay some of the borrower’s costs. With the market as hot as it was a seller could still sell for top dollar with out having to take that type of term. Times have changed and for a lot of buyers who are VA eligible the VA program is the best. Sellers are going to have to open up to this option especially in a military populated area.

THE MARKET
There’s that phrase. “The Market” What is “The Market?” There are a lot of variables that make up and influence “The Market”. The local market includes all of these variables, interest rates, local housing inventory, local competition and the economy. Remember that real estate is local and that “The Market” here may not be what “The Market” is in California or Florida. So let’s not talk about it in general terms, let’s localize it! The pricing of your home MUST reflect the current and up to date status of “The Market” in our area of Puget Sound.

So, there you have it, the start of the guide for the 1st Time Home Buyer in Kitsap County. When we take all of these factors into consideration for the pricing of your home we will have a sale! If one factor is out of line or not included then it will take longer to sell your home and you might not get the price you deserve. Remember, the object of the process is to sell your home for the highest price, with the best possible terms in the least amount of time. There is no other way.