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Selling a home should be like any other business transaction, but all too often sellers make emotional or impulsive decisions that cost them money and time. Choosing the right Realtor to market a property and negotiate the sale is the most important step in the process. Making a mistake in selling a home can cost you hundreds or thousands of dollars in lost profit. Often home sellers make the same mistakes over and over. Avoiding these mistakes is easy and takes little time and effort on your part. Take the time with your home sale and follow the guidelines The ability to reap additional profits on the sale of your home can be accomplished easily enough if you make the right improvements. Basic, simple and inexpensive improvements can provide an improved emotional response in a potential buyer. Most of us sell only a small number of homes in our lifetimes. With limited experience in real estate how are we to be capable of maximizing the profits from our home sale? Many homeowners believe that to maximize their profit on a home sale they should sell it themselves. However, close to half of the FSBO’s said that they would hire a professional next time they sold. Thirty percent said they were unhappy with the results they achieved by choosing FSBO. Why? Your listing has expired and now you’re wondering what to do. The most important question you must ask is, "Where did I go wrong?". Every seller obviously wants to get the most money for his or her product. Ironically, the best way to do this is NOT to list your product at an excessively high price!
Selling your home can be an exhausting experience. Last minute walk throughs, inconvenient calls, price adjustment and the possibility of being stuck with two mortgages are real concerns. If you are not completely prepared you could end up losing hundreds, even thousands, of dollars in profit. Ready to place your home on the market? Do you understand the process and details of selling a home? Before you list with an agent, educate yourself on all the factors that will affect your profit. Be as informed as possible so you can make the absolutely best business decisions. After all, the sale of your home is a business decision! The absolute # 1 tip I can offer you to help you get the most money possible for your home is this. Make sure you get full MLS (Multiple Listing Service) coverage. Don't look at any offers until you are sure your home is on the mls computer. Every home seller likes to be assured that their listing agent and or the real estate company will run ads featuring their home. If you are thinking of selling your home, there are a number of things you can do to improve the “showability” of your home. But first, let’s look at your home through the eyes of the buyer. Most sellers are required by law to disclose facts and defects, which materially affect the value or desirability of their home. The Transfer Disclosure Statement (TDS) helps the seller meet this requirement by providing a standardized format for most basic information. Both buyer and seller deserve the assurance that no funds or property will change hands until all of the instructions in the Purchase Contract have been satisfied. Buyers and sellers submit signed documents and buyer’s deposit money to be held by an independent neutral third party (Escrow). Pricing your home is an art not a science. Achieving the optimal prices is the result of both objective research into similar properties and instinct in determining how much a buyer will be willing to pay for your home. The right price will attract showings, which will generate offers. You may receive a call requesting a showing in the next ten minutes. The decision to allow the prospective buyers in is yours. If you elect to cooperate with the showing, the following punch list may help. This has been hotly debated for many years; whether to leave your rental property rented out to others or have the unit vacated during the listing period. You've decided to sell your investment property; a single family condominium, townhouse, or home and you don't know whether to leave it empty or keep it rented. Why does one home in a neighborhood sell faster than another that is similar in price and size? Marketing! An effective marketing plan goes a long way in making your home seem a better buy than the next, therefore attracting more potential buyers. Your real estate professional should have a plan for advertising, such as flyers, newspaper ads, yard signs, Internet listings, etc. |
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