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You don't want to price your home too high and miss the market. On the other hand, you don't want to ask too little and miss out on cash you can make. Appraisers are rarely used to help set prices on residential real estate. They are used extensively by mortgage lenders to set valuations on which to base loans and to set prices on commercial and industrial property.
Published by Levy Dalumpines 82 months ago in Home Selling | +2 votes | 5 comments
Real estate is interest-rate sensitive. Simply put, when mortgage interest rates go down, sales pick up because more buyers can afford to purchase homes and bigger homes. The closer you can price your home to market, the quicker you're going to get it sold. This is why "range" pricing has come into existence.
Published by Levy Dalumpines 82 months ago in Home Selling | +2 votes | 0 comments
It's important to get a handle on where the market is when you put your home up for sale. If there's a surplus of housing available, it's unlikely you'll be able to get top dollar for your house. A healthy economy means growth. More jobs mean more people who can afford to buy houses or who want to move up to bigger and better homes.
Published by Levy Dalumpines 82 months ago in Home Selling | +1 votes | 0 comments
A way to determine the market value of your home is to size up the competition. You should be able to discover most of them by just driving down nearby streets and looking for "For Sale" signs. The price spread is the difference between asking price and selling price for most homes.
Published by Levy Dalumpines 82 months ago in Home Selling | +5 votes | 2 comments
Most of us think we know what our house is worth. A comparative market analysis (CMA) gathers together information on all the recent home sales in your neighborhood and then compares each of those to your home. The one best way to evaluate a comparable sale is to check out the house.
Published by Levy Dalumpines 82 months ago in Home Selling | +3 votes | 1 comments
Agents will often have favorites. They may have worked with the escrow officer and know that he or she does a good job. Agents are usually adamant about the services they perform. Either they are full-service brokerages, or they aren't. If they are, they will tell you to sit back and relax.
Published by Levy Dalumpines 82 months ago in Home Selling | +4 votes | 2 comments
Find a listing rate both you and the agent can live with. A transaction fee is a charge to you over and above the commission. Beware if you do sign a listing with the transaction fee in it. It will crop up again at closing, and you may be obligated to pay it because you agreed to it in the listing.
Published by Levy Dalumpines 82 months ago in Home Selling | +1 votes | 1 comments
Sometimes agents will offer a guaranteed-sale listing. A guaranteed-sale listing isn't a separate type of listing. The listing simply includes a separate clause which says that if the property isn't sold by the end of the listing term, then the agent agrees to buy it from you for a set price.
Published by Levy Dalumpines 82 months ago in Home Selling | +2 votes | 0 comments
Contrary to what some people think, there are actually many different types of listing agreements, each of which grants the agent specific rights and limitations. You should ask your agent what type he or she prefers and be sure you understand the ramifications of each before signing.
Published by Levy Dalumpines 82 months ago in Home Selling | +2 votes | 1 comments
Expect the agent to want an exclusive right to sell. That means that he or she gets paid no matter who sells the property, even if it's you. There are good reasons to give agents this type of listing as it helps ensure you'll get hard work out of them.
Published by Levy Dalumpines 82 months ago in Home Selling | +0 votes | 1 comments
If you give someone your power-of-attorney, they can sign for you. If you give it to your agent, depending on how the document is drawn, he or she could sign the purchase agreement and other documents for you. In other words, you'd be trusting your agent to determine price and other important matters.
Published by Levy Dalumpines 82 months ago in Home Selling | +3 votes | 1 comments
While some agents will come right out and say they'll list your property for 3 months, some will demand a longer term. Why? There are three possible reasons.
Published by Levy Dalumpines 82 months ago in Home Selling | +1 votes | 1 comments
How to sell a home that smells of pet odors. What do to with pets when you have an open house. Tips for pet owners who are selling their house.
Published by Kaleidoscope Acres 82 months ago in Home Selling | +12 votes | 9 comments
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