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Want to Sell Your Home? Don't Do These 5 Things!

Are you getting ready to sell your home? Deith Realty suggests a list of 5 Top Things NOT to do when preparing your home for sale!

#1: Ignore Your Agent's Advice

A good real estate agent will assist you with pricing and marketing your home. In addition, they will negotiate with buyers and guide you through the closing process. That's a lot of responsibility—and you might feel slightly uncomfortable putting your faith in a stranger's hands. That's why at Deith Realty our motto is, "Walk in as a client and leave as family." We take pride in our fiduciary responsibility to look out for your best interests. There may be times we suggest a price reduction, an investment in maintenance or addressing flaws that may arise through an inspection.

#2: Being Restrictive with Showings

Selling your home can be a numbers game. You want the most number of potential buyers to see your home. Therefore, you need to be as flexible as possible with showings. Last-minute home showings should be expected and you need to accommodate these requests as often as possible. In order to be prepared for these, it's important to keep your home tidy, neat, organized and as clean as possible. It's a commitment, but it's also a necessity.

#3: Letting Pets Ruin the Showing

While you may love your pet(s), visitors and potential buyers may not share the same notion. The presence, smell or noise from a pet may be a complete turn-off to buyers. Additionally, "the perfect buyer" could be allergic and this can lead to a poor experience. Instead of crating the animal during showings, opt to take the pet on a walk or even consider an extended stay vacation while the home is on the market.

#4: Being Present During Showings

Potential buyers are already apprehensive about entering a strangers home, so don't make it worse by lingering or hanging around the home during the showing. Buyers need to envision a home on their own accord. Often times if the seller is present, it can disrupt how they perceive your home.

#5: Having a Closed Mind with Offers

Don't let your emotions cloud the judgement of a good offer. We all develop emotional attachments to our homes, but when you receive an offer you need to review it strategically and with sound judgement. You must be prepared to negotiate on the sale price of your home. A trustworthy agent, such as those at Deith Realty, will negotiate on your behalf to ensure you get the very best price for your home.


Should I Sell My Business?

This Deith Realty blog explores why business owners decide to sell- and why it may be an option for you!

Why would an entrepreneur or business owner want to sell their business anyway?

Below are a few top reasons why business owners decide to sell their business. These reasons are made up of many different scenarios that a business owner might find themselves in. Anyone of these situations could happen to you as a business owner, or perhaps it is happening to you now.

New Opportunities

New opportunities in business and life come up all the time! Whether your current business is successful or not, you might want to try another type of business if you see a good opportunity to get started in it. Before you do, you’ll have to sell your business first in order to finance your next adventure. Deith Business Brokers will help you find a business buyer that has the same passion to continue the success of your business.

Orchestrating Your Business Sale

Meet Deith Realty - South Florida's premier brokerage firm that exudes exemplary representation in all business and real estate transactions.


Business Growth

A business that is continuing to grow and make money is certainly a business worth selling. Investors and buyers love to purchase businesses that are already making money. That way, after they purchase it, they can just jump right in and take in the profits too. Buyers are usually willing to pay a price that is above market value if they feel the business has the potential to keep growing. As a business owner, you might want to take advantage of this opportunity to sell your business for big money while things are still going well for it.

No one wants to think negatively when they run a business. However, there is always the chance that a growing business could stop growing someday and then start to decline. If you pass up the opportunity to sell your business during the growth period, you may regret it later if things start going badly for the business. You might not want to take a chance on passing up the opportunity to sell if you feel the business could possibly go south someday.

Buyer’s Market

If the overall national economy is good and consumers are spending money regularly, then investors are going to be interested in purchasing businesses so they can get in on this action. A buyer’s market like this means there’s going to be a lot of hungry buyers out there looking to purchase a business at any cost. In a way, it is just like the real estate industry whenever there’s a buyer’s market. Buyers will pay above value prices for businesses just like they would for real estate.

As a business owner during a buyer’s market, you’ll have a wide selection of buyers to choose from when you go to sell your business. This means you’ll get multiple offers from buyers after you start advertising your business for sale. It may even end up being a bidding war between these buyers, which means more money in your pocket. Therefore, consider selling your business during good economic times.

An Offer You Can’t Refuse

On rare occasions, a business owner might not even be thinking about selling their business until a buyer presents them with an offer they can’t refuse. This would be an offer out of the blue which is so attractive to the owner, that they can’t pass it up. Such an offer would obviously be priced way above market value for the business. Since these kinds of offers are rare, you probably wouldn’t want to pass it up because you may not get another one in the future.

There are lots of reasons why a buyer would present an offer to a business owner who hasn’t listed their business for sale. The buyer might feel passionate about your particular business and feels they can run it even better. They may also be a competitor of your business and are looking to expand by purchasing your business and merging it with theirs. Whatever the reason is, it will be an attractive deal for the owner.

Retirement

The classic reason for someone to sell their business would be to retire. Perhaps they spent the last 30 or 40 years of their life running the business and now they want to fund their retirement. What better way to fund a retirement than to sell a business? Even if you already have retirement accounts set aside, selling a business can give you that extra amount of money that you need to pay off your mortgage or purchase a new house to retire in.

Why You Need a Business Broker

Buying or selling a business can be complex and complicated. Deith Business Brokers & Advisors confidentially advertises the sale of your business to protect your privacy.

  • Offering Memorandum: We will create a report that will be used to communicate pertinent information about your business to serious buyers who have signed a confidentiality agreement. An offering memorandum allows potential buyers to learn more about your business and it will be used to facilitate the sale of your business.

  • Negotiating: Our business brokers are experienced in negotiating business sales. We will advise you on strategies for ensuring that negotiations go smoothly.

  • Paperwork: Our team will guide you through the process of completing all of the necessary paperwork to complete the sale of your business.

  • Exit Plans: If you are a business owner considering selling your business in the future, then our professional business brokers can help you to plan ahead. We will help you create a plan for the future so that you know that when it is time to sell your business, you will be prepared.   

  • Free Initial Consultations: We offer a free initial consultation for all business owners who want to find out more about the services that we offer. 

  • Expert Advice: The main function of our business brokers is to do everything that we can to guide you through the process of selling your business. We will provide professional guidance and advice to ensure that the sale of your business goes as smoothly as possible.