Price it right! Yes, this explosive term means a lot when you are getting ready to list your house for sale. Arriving at the right price is no sales secret to ensure a successful sale. Pricing your home too high increases the chances that the home may not sell within a designated time frame. Although you may have tastefully decorated or extensively renovated your home to your lifestyle, some buyers may not see the home as a place they can call home. Consider that your improvements may or may not have an effect on the market value of the home. In fact, personalized decorating can even slow down the activity unless the style appeals to a wider population. Real estate agents are now able to upload multiple photos, virtual tours, property banners and headlines of your property features. And, buyers can sit at home in their PJ’s to preview your property. To price it right, the sales price must be based on several factors: • Size of the house and its special features and … [Read more...]
Listing Agent’s Job
In addition, to advertising and marketing your property features to the world...... Your listing agent’s job is to work with cooperating agents (selling agent) to secure a purchase offer contract that will net the seller the highest return on their investment ……and one that will settle without delay. This means that from the onset your listing agent must do their due diligence in facilitating the purchase offer contract by ensuring receipt of a buyer’s pre-approval letter from the prospective lender upon receipt of the contract package. The listing agent should contact the buyer’s loan officer to determine if the buyer is qualified to purchase your home (before you sign the purchase offer contract), and if the buyer is solid financially to secure a final loan approval according to the terms in the contract. It’s the listing agent’s job to confirm receipt of a pre-approval letter from the buyer’s lender and any additional supporting documentation to verify the buyers’ ability to … [Read more...]
Selling your home/Selling home in MD/DC
Selling your home in MD or D.C. can be a stressful situation without a trusted real estate professional to guide you through the selling process. Now, more than ever there are more contract forms, changes in housing regulations, agency agreements, etc., that are required to protect your best interest. It seems that now, when selling your home a seller almost have to be a lawyer to keep up with the changes in the market. With the advent of the internet, HGTV, DIY network and other similar television programs, buyers are more educated as well as informed about the buying process. The majority of buyers start their search online via the different real estate websites or networks approximately 90% of the time before going out to preview homes. By this time, most buyers have already researched and analyzed the particular neighborhood statistics, school district and crime statistics. When selling your home, be mindful of these facts and price your home accordingly to attract qualified … [Read more...]
When to consider a HAFA Short Sale?
Why wait on a foreclosure? Tax Rules Encourage Short Sales Sooner, Rather than Later When to consider a HAFA short sale? Tax rules that let you escape paying federal income tax after a short sale expire this year. Read Visit houselogic.com for more articles like this. Copyright 2013 NATIONAL ASSOCIATION OF REALTORS® … [Read more...]