The Miami Starr Properties Ultimate Guide to Selling Your Home in Coral Gables

Preparing a home to sell in Coral Gables requires a lot of time and effort for a seller. Partnering with local agents like those at Miami Starr Properties is a great way to prepare a listing that takes advantage of Coral Gables’ local amenities while aligning with a local buyer’s sensibility. Sellers unsure about preparing their homes to list can follow this ultimate guide for a successful sale.

The best time to sell depends on a seller’s motivations and market trends. Sellers should ensure they’re ready to leave behind Coral Gables’ amenities, like its beautiful Mediterranean Revival architecture, nearby golf courses, and canals perfect for yachting. They should also be confident that a sale’s proceeds can fund closing costs and any remaining mortgage debt.

Sellers who partner with a local agent ask for advice on the best time to sell. Typically, sellers should aim for listing during a seller’s market when the housing supply can’t meet buyer demand. In Florida cities like Coral Gables, the typical best time to secure a high-priced sale is June, while May sales are usually the fastest.

For guidance through a home sale, sellers should always partner with a Coral Gables real estate agent. Agents have local knowledge of the buyer pool and local market trends. With this information, they help clients competitively price their homes and stage effectively. Agents also have a network of connections they’ll use to market the property and provide sellers with service providers they may need. Most importantly, agents provide sellers with valuable peace of mind by answering questions and concerns.

To avoid further issues, sellers should make any necessary repairs the property needs. The most common problems in Florida home inspections include water damage, insufficient drainage, outdated wiring, and roofing issues. As a seller, you can personally address minor repairs, such as filling holes in walls, fixing leaky faucets, or replacing broken bulbs.

At this time, sellers may also consider upgrading their homes. Upgrades with a high return on investment bump up a home’s value and appeal to buyers in the area. Sellers should always consult with their agent to select a project that buyers in the area will be interested in. Common upgrades with high success rates are minor kitchen and bathroom renovations.

Before listing Coral Gables condos for sale, a seller should stage the property. Start with a clean slate by mopping and sweeping floors, vacuuming carpet, dusting off shelves and consoles, and cleaning windows and mirrors. Pay special attention to kitchens and bathrooms, which can have a strong negative connotation if left unclean. Also, eliminate any odors related to pets, shoes, or food.

After a deep clean, sellers should stage the home by taking down personal items, letting in plenty of light, and redecorating in neutral colors. Consider storing away furniture or renting new pieces to fill each room appropriately. In areas like Coral Gables, where the outdoors is a significant factor, sellers should also tend to curb appeal. Make sure landscaping is maintained and outdoor spaces are tidy.

With the help of an agent, sellers can list their single-family homes for sale in Coral Gables, FL, on the Multiple Listing Service (MLS). Your agent will take the time to order professional property photos and create a captivating listing description emphasizing the home’s best features. An agent should also market the listing through their website, social media platforms, and other digital resources like video or virtual tours.

An agent will also market the property in person by searching for potential buyers and organizing home showings. An agent can plan and host an open house to garner more in-person interest in the property and use signage to attract passersby to the event.

Sellers negotiating an offer should enter the process with clear boundaries on what they’re willing to bargain on and what must be met. As offers roll in, a seller may accept, reject, or make a counteroffer based on its contingencies, offer price, closing dates, or other components. Sellers negotiating their Coral Gables luxury real estate sale can consult their agent when considering multiple offers.

When a seller and buyer have agreed to a deal, both parties can close on the sale. If a buyer is financing with a mortgage, they’ll likely order a home appraisal and home inspection to finalize the loan. A seller may need to renegotiate the sale depending on the contingencies in the offer. At this point, sellers should finish packing and cleaning for a final walkthrough.

Sellers should also prepare for costs to close on the property. In Florida, sellers pay an average of 3.22% of the final sales price in closing costs. These include title service fees, a documentary stamp tax, recording fees, and other expenses. Sellers should also factor in the property taxes for the months of the year they lived in the property. In Miami-Dade County, annual taxes equate to 1.02% of a property’s assessed fair market value.

Using the home selling tips above, sellers have all the tools they need for a successful home sale. Your agent can help you early by recommending the best time to sell. They also can help stage your house, market the property, and negotiate with buyers for the best deal. A conscientious agent will also remind you to set aside funds for closing costs related to the sale’s finalization.

When you’re ready to sell your home in Coral Gables, contact experienced local agent Attila Ozan-Yildiz for the best service. Attila is the go-to resource for real estate in Greater Miami and beyond. The team at Miami Starr Properties is always ready for a new challenge. Reach Attila anytime as the crucial next step toward your real estate goals.

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