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Home Sellers
You can make your final decision much easier by going back to your starting point. Ask yourself these questions:
• Review your priorities
Do both properties meet your all stated housing requirements?
• Seek new information
Do you know all you need to know about the neighborhood, local schools, transportation, and community facilities?
• Get out the crystal ball
Do you expect to stay in your next home long? And how will either house fit your expected needs and lifestyle over that time period?
• Compare the added features for each home
Are there benefits that outweigh any shortfalls in your priority list?
• Keep resale in mind
Which home will probably be easier to resell if you intend to move in five or 10 years?
• Analyze the costs of both homes
Compare the prices for each. How do the long-term costs such as heat, local taxes and fees, transportation and other day-to-day living expenses stack up?
Posted: May 11th, 2007 at 9:50 am |
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Posted in
Home Sellers
Basic Steps to Selling your home
• Do your research.
Read books on selling your home, go through the real estate section of the local publications and attend some Open Houses in the your area.
• Hire a professional.
As neighborhood real estate agents who concentrate on listing in your area, we know what it takes to sell in this market. We welcome your call, questions, and concerns!
• Make the price.
Ask your agent for an analysis of the local market and their opinion of the best price range for your home.
• Create a marketing strategy.
Discuss a marketing plan with your agent and include the main elements in the listing presentation.
• Make your house ready.
Take a hard, objective look at your home. Prioritize and decide what needs to be done first, and how much time and money you can spend to make it look its best before opening it up to buyers. Dispose of all clutter and put some things in storage to make the rooms and closets more spacious. Put together an information packet on local conveniences, your utility bills and other helpful information.
• Think about finding a dependable real estate attorney.
The attorney can help review all the paperwork and explain the logistics.
• Remain on top of the process.
Gather some quick clean-up supplies and double check everything before letting a prospective buyer preview your home. Also, keep a record of everyone who has come to see the home (and their agents), and inform your agent after each visit. This can speed the follow-up process that your agent will do.
Posted: May 11th, 2007 at 9:52 am |
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Home Sellers
The biggest mistakes to make when selling your home
Unfortunately, hen homeowners are ready to sell their home, they don’t do their research. It’s very likely for your home is your most valuable investment. When you sell it, you’ll want to collect the biggest possible profit. However, when you sell your home, you need to understand the competition. There are other people selling in your area, and just like in any other competition, mistakes can cost you. Here are some common home seller mistakes we can help you avoid:
• Selling “as is.”
In this competitive marketplace, you need to show your house at its best. Your home should be in a “ready-to-move-in” state from the moment it’s listed. We can point out your home’s principal assets and suggest how to highlight them, as well as help you identify which items need improving.
• Overpricing or under-pricing.
You can turn away some of the best prospects for buying your home by setting the price too high. By not asking enough, you’ll sell faster but net less from the sale. We’ll do a comparative market analysis and help you set the best price for your home.
• Over-improving.
Too many major renovations could cost more money than you would recover from the sale. However, some major repairs, like replacing a roof, should be done if they are needed.
• Failing to offer financial incentives.
Special options can attract buyers without costing a lot. Often, incentives like a home warranty or paying points or some closing costs can be figured in when setting the price of the home.
• Selling it yourself.
Doing your own marketing looks tempting as a way to save money. But surveys show that people who sell they’re selves often net less from the sale than sellers who use a real estate agent. Agents do a lot more than people may think, from bringing qualified buyers to keeping things on track to settlement.
• Ignoring your agent’s advice.
As experienced professionals, we know what works and what doesn’t. Let’s discuss any advice you are uncomfortable with or disagree with, and together we’ll find the best way to sell your home.
Contact us when you’re thinking about selling your house. We’ll assist you with avoiding costly mistakes like these.
Posted: May 11th, 2007 at 10:23 am |
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Posted in
Home Buyers
Earnest money is a deposit towards the purchase of real estate made by a buyer to demonstrate that he/she is serious (earnest) about wanting to complete the purchase. When a buyer makes an offer to buy residential real estate, he/she generally signs a contract and pays a sum acceptable to the seller by way of earnest money. The amount varies enormously, depending upon local custom and the state of the local market at the time of contract negotiations.
The earnest deposit could be several hundred or even several thousand dollars, but normally no more than 5% of the purchase price. If the buyer defaults without a good reason, as spelled out in the contract, the earnest money becomes payment for damages suffered by sellers and their agents. If the buyer’s contract is not accepted by the seller, the money is returned to the buyer.
Posted: May 11th, 2007 at 10:31 am |
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