3 Tips Consider Before Listing Your Guam Home

Living On Guam Realty TEAM
Published on January 1, 2021

3 Tips Consider Before Listing Your Guam Home

It would certainly be ideal to be able to plan selling your home way beforehand to give yourself enough time and figure out every detail.

Unfortunately, many such sales happen out of need and are caused by an important event in the life of a family, like bringing a child into the world, marriage, divorce or in some cases, the death of a family member.

Even without the luxury of premeditating your every move, here are a few pointers in case you want to sell your home:

Be Absolutely Sure You Want To

As we said earlier, selling one’s home is a big step.

Before starting the process you’ll want to make sure that this is really what you want and that it will have the desired effect for you. Think ahead and plan accordingly. Did you settle on a new home already or at least made sure you have narrowed down your choices? If not, take a step back and think it over.

Without a clear notion of what you want, you might be tempted to just test the waters. That usually involves over-evaluating your home and placing it on the market with a much higher price than it should have.  BAD IDEA! This is something no real estate agent would ever recommend. Since living spaces are expensive, buyers will, much more often than not, be informed and have at least a ballpark idea of how much your home is really worth… no matter how much you try to overprice it.

There’s little room for trial and error in real estate, and that’s because you’ll carry your history with you. Bear in mind that even if you later drop the price for your home, the listings will show the previous entries and potential buyers will interpret the change badly.  Buyers will assume there is something wrong with the property or by thinking that the seller is not being straight-forward with them.

If You Have The Chance, Plan Ahead And Observe The Market

Some changes sneak their way into your life and compel you to take action, but others give you enough time to prepare.

The addition of a new family member or a change in the place of employment are such fortunate cases that allow you to do your research and make the most out of the sale.

Don’t just throw your home out there the moment you realize you’ll have to sell, not unless you have to. There’s always something to be done around the house to increase that property’s value and net you more money once you do sell, from a new coat of paint to replacing bathroom tiles to the coating the roof with silicone.

A great real estate agent can come to your aid in regards to watching the market, see what the competition is up to and when is the ideal time for you to place the home on the market. Keeping an eye on other sellers can also give you a good idea on just how many buyers are out and about looking for a new place to live.

So make sure you find an agent who has the the pulse of the market.  How often does the real estate agent inform you of how the market is doing.  Have you checked out Living On Guam Realty’s Guam Weekly Market Housing Review every Saturday 12 noon on the Facebook Page and YouTube channel?

The Demand Is Always There, No Matter The Month

While you may dread the idea of moving during the holidays, selling your home then could be more profitable. That’s because the number of buyers (especially VA buyers) does not drop drastically; however there aren’t nearly as many sellers. If able, try to assess the situation and the market as best as possible. Professional help with a knowledgeable agent really comes in handy here. And most importantly, don’t sell in a hurry.

In real estate, slow and steady wins the game. If you rush the sale and don’t get your property in decent enough shape, you will miss an opportunity of getting more money from it. If you let feelings get a hold of you and dictate the price, you’ll not only miss the chance to sell, but also have that mistake follow you for the future, possible transaction. Be patient and smart about it. Make a plan and stick to it!  With a great real estate agent beside you to guide and help you, the desired result will be just around the corner.

If you’re thinking about selling and want to know the price of your home, go to www.72SoldGuam.com.