10 THINGS SELLERS NEED TO KNOW May 12, 2008
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Sellers should consider the following when selling their home:
- Price. Pricing the property at or slightly below market is a smart selling strategy in today’s market place.
- Have a strong marketing plan and advertising campaign in place. If you hire a Realtor, make sure he or she presents you with a unique marketing plan in writing for your home and provides you with copies of your home’s weekly advertising.
- Open houses do Not sell homes.
- Real Estate Agent’s selling track record. Ask your real estate agent how many homes they have sold recently in the last three to six months.
- Brokerage company support. What additional advertising and other services does the brokerage company provide? Does the brokerage company have their own title and escrow services?
- Length of Listing. I recommend listing your property for 60 or 90 days to start. Your home should sell in 44 days or less no matter what market conditions are if you have priced it properly and marketed the home to qualified buyers.
- MLS. Will your home be placed in the local MLS?
- Legal Fees and Closing Costs. Have the title or escrow company prepare an estimate of your closing costs and fees. Some states use attorneys to close real estate transactions so you should ask in advance if there are any additional attorney fees as well as title fees.
- Safety concerns. Ask whether your Realtor will be using a lock box to show your home or will the Realtor accompany all prospective buyers and other brokers on showings. Some brokerage companies charge reduced commission fees if Sellers show their own homes to prospective buyers.
- Contract Terms. What if any are the amounts of buyer’s deposits and are they refundable or non-refundable? What types of inspections will there be and what are the inspection fees? How much in commissions do I owe? What are the Seller’s disclosure responsibilities and other laws I should be aware of?
Since all of the above items are important, be sure to ask your Realtor these questions in the very beginning so there is no disappoint, frustration and misunderstandings.
To find out more about my proven methods on how to get any home sold faster regardless of the market in 44 days or less, you can get a copy of my easy to read 40 page e-book entitled“Rapid Real Estate Sales, The Secrets Revealed” today, together with the never before released “Website Rolodex” for one ridiculously low price of $29.00 by visiting my website athttp://www.rapidrealestatesales.com/ or simply CLICK HERE TO ORDER.
Is The Price Right? May 5, 2008
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Market Conditions Rule-Supply and Demand
Supply and demand influences the price at which your home will sell.
Proper Pricing To Stand Out in the Market
Pricing your home so that it stands out from other comparable properties is crucial, especially in today’s market. When pricing your home you must take into consideration current market conditions as well as location, upgrades and amenities, number of bedroom and baths and comparable home sales in the area. No seller wants their home sitting on the market and getting stale. So keep in mind that no matter what the market conditions are, if your home is priced right, it will sell. Your home should sell in 44 days or less.
AVOID OVER PRICING PITFALLS
Many sellers make the mistake of overpricing their home. Avoid this pitfall from the beginning. However, if you choose to price the home high and it does not sell, then you will have to keep reducing the price until your home does sells. Ask your Realtor for a weekly update of comparable home sales in the area. Buyers avoid making offers on overpriced priced homes because they don’t want to do business with unrealistic sellers. It is wiser to price your home correctly in the beginning.
Tips to Selecting the Right Price.
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Price at or below market.
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If you decide you want to price the house around $500,000, then list it for $499,900 instead of $500,000.
To find out more about my proven methods on how to get any home sold faster regardless of the market in 44 days or less, you can get a copy of my easy to read 40 page e-book entitled“Rapid Real Estate Sales, The Secrets Revealed” today, together with the
never before released “Website Rolodex” for one ridiculously low price of $29.00 by
visiting my website at http://www.rapidrealestatesales.com/ or simply CLICK HERE TO