Should you FSBO or Use A Realtor?

When it comes time to sell your home, should you try to sell it on your own, or should you list it with a licensed Realtor? Consider the following factors to help you decide:

EXPOSURE

Realtors, or real estate agents, are part of an office of agents, and each of them knows of buyers that are currently in the market for a home. Their buyers are pre-qualified, that is, they have already seen a lender and have qualified for a loan so the buyer knows exactly how much they can afford, and the Realtor does too. In many areas, a realtor will not even show homes to a buyer until they pre-qualify. The process saves a lot of wasted time on everyone's part.

Contrast this with the prospect of you putting up a "For Sale" sign in your front yard, and having to deal with people that will be calling you to talk about your house and want to walk through it, even though they do not have the resources to actually buy it. In the end, they are just wasting your time.

Realtors also have contact with many people from out of town who are relocating to your area. Each realtor in town gets contacted frequently through their website, by people that are looking for a home by long-distance. They may be coming to town soon to look at available homes for a few days. The Realtor lines up a number of homes for them to tour that fit their criteria. One of them could be yours. But, if you FSBO, that potential buyer will not know your house is on the market until they get to town, if then.

EXPERIENCE

A real estate agent will be able to assist in setting the right price to list your home, according to the current market conditions.

A real estate agent is a trained professional who will spend the necessary amount of time it may take to get your home SOLD.

The agent understands and will take care of all the necessary paperwork to complete the buying process. The agent will also act as a liaison between you and the inspectors, the buyer's agent, and between attorneys, if they are involved.

Most buyers prefer to deal with a real estate agent because the agent will give them the unbiased professional opinion on a house, and how it stacks up against other houses on the market.

Agents understand all the different types of loans and financing options. They can provide information to buyers about local lending institutions to fit their needs.

ADVERTISING

Realtors have many ways to advertise your home, not just a newspaper ad and a "For Sale" sign in the yard. They also utilize the following ways to advertise a home:

The Multiple Listing Service

Open Houses

Web sites like Realtor.com and Yahoo Real Estate

Direct mail

Newspaper inserts

Regional Real Estate Magazines

Cable TV

Word of mouth through Realtor "Caravans" where 30 or more
Realtors will tour your home and then match it to their prospective buyers.

How much of this marketing muscle will you be able to flex if you FSBO?

SHOWING YOUR HOME

Agents have expertise to help you get your home in top shape before your prospective buyers arrive. They can help you "stage" your home to look more like a model home that would appeal to a larger group of buyers. They know how to emphasize and focus on your homes good points.

If you FSBO you will be learning the process as you go, a cost education when you are trying to sell your own home.

SUMMARY

With all the time, knowledge, effort, and paperwork it takes to sell a home, you should partner with a Realtor and save yourself the headaches and frustration. Hire a Professional!

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Source by Vicki Walker

Five Reasons To Use A Real Estate Agent When Selling Your Home

Selling a home is a very involved process. There are rules, guidelines and loopholes that the typical homeowner does not know about. That's why there are so many real estate agents in the industry – to help you sell or buy your home. You might think you can sell your home yourself and save some money, but it's really more beneficial to your "bottom line" and your peace of mind if you hire a real estate agent. Here are five reasons you should hire an agent when selling your home.

Real estate agents have the experience and knowledge to get it done. They do this type of work every day and it's almost like second nature to them. They can even guide you through the entire process because it will still be up to you to make the decisions. They also know about the home, the current market and the price of the neighborhood because they receive inside information that homeowners are not typically privy to.

They provide an unemotional perspective. Homeowners who have lived in their homes for years often have an emotional attachment to the house. As a result, they may try to price it much higher than it's worth to make up for the sentimental value. But with a real estate agent, you can get an unbiased perspective and opinion about the actual market value of the house. This will help you sell it faster at a price that's fair for both the buyer and the seller.

Real estate agents protect you. It's the same concept with the legal system – people are not allowed to defend themselves because it would be too easy for the other attorney to take advantage of your lack of knowledge. With real estate agents, the potential buyer's representative may do something against or "lowball" you just because you do not know how to handle the situation. Get an agent for yourself to ensure that that you do not get lied to and the entire deal is done fairly.

Real estate agents can save you money. You may have to pay a commission and other fees when you hire a real estate agent, but studies show that sellers who use an agent typically get more money for the house than homeowners who do not use an agent. And even if you end up spending a few more dollars for an agent, the fact that they take care of the stack of paperwork is worth the price alone.

Agents make sure the deal is done legally. If you sell your home yourself, you might make a huge mistake that could end up costing you thousands of dollars. But if you hire a realtor, they are responsible for any problems that arise. That alone is worth the price that they charge because you can sleep comfortably at night when you buy your new home.

Hiring a real estate agent is the best way to sell your home. Even if you've been through the process before, rules and laws in the real estate industry are always changing. It's a realtor's job to keep up with these changes and they can provide you with the latest and most accurate information when they work for you. Do not make the costly mistake of doing a "For Sale by Owner." Hire a realtor and make the process stress-free for you.

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Source by Jeff Lundquist

For Sale by Owner – Realtor Secrets 101 For FSBOs

It's no secret that today's real estate market is tough. Worried sellers are trying to sell their homes themselves. Home property values ​​are down, and they unfortunately want to save the cost of a real estate commission, so they try to market their properties as FSBOs (for sale by owner sellers). Makes sense, right?

Yes, "if."

If you are accredited to taking responsibility for yourself, have some business sense, have bought and sold homes before, have some time and money to invest in the project, and know and can use the tools and techniques that good Realtors use, then the answer is an unqualified and resounding, "Yes!" You have the right mind set and the ability to actually earn the Realtor's commission. Either the whole commission, or just the part the selling agent would have gotten. Earn is the operative word here.

So how do good Realtors do it?

Good Realtors start with the basics and work through a systematic, well designed and thought out, integrated, multi-media marketing plan.

Property Condition

At the risk of alienating new listing clients, good Realtors tell it like it is when it comes to getting a home into shape to show well. If you plan to be a successful FSBO seller, you need to do this for yourself. Do one or more rooms need to be painted? Do carpets need to be shampooed? Are all door knobs and locks tight, and in good working order? Does it have a "curve appeal?" Is it clean, tidy, uncluttered? Are closets jam packed, or tidy? Have any burned out lights been replaced? If you are smart, you'll take care of these sorts of items before your property goes on the market, and keep them in good order.

Price

Realtors who continue to earn a living in down markets are very good at getting their listing clients set realistic asking prices for their properties. A Realtor friend of mine often asks her clients, "Do you want to list your property, or do you want to sell your property?" Price can make a huge difference in the income, and my friend knows that. A person can put property on the market at any price. It will not sell without the price is realistic.

Buyers are out there even in a slow market, but they are VERY price conscious. In areas where the market is weak, it's generally effective to be priced just under the list price of any comparable home that's for sale in your neighborhood and a bit lower than the recent "sold and settled" comparable properties in the neighborhood. Time and again, I've seen people make the mistake of coming in with a price above those things. The property lingers on the market. They lower the price again and again, but if they're just behind neighborhood prices and the market prices continue to go down, they "follow the market down" without making a sale even though they're lower than what would have sold a few weeks or months ago. Try not to let that happen to you.

Internet Marketing

Realtors put information about the homes that they hope to sell in their local, Realtor multiple listing service (MLS), and on the Internet. The best ones see to it that full information about price, number of bedrooms, number of baths, number of garage spaces, size and location of lot, plus interior and exterior photos, and what makes the property attractive appear on the Internet. You need to do the same. There are several really good online MLSs for FSBO sellers and buyers. Use one or more of these sites, and take advantage of all the bells and whistles (many photos, captions under the photos, a place for descriptive text, map to your property, hit counters, a unique web address for your property, etc. ) they offer. Today, approximately 70% of home buyers begin their search online.

This is just getting started. In "Realtor Secrets 201," we'll discuss the next steps.

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Source by Raynor James

Why Not FSBO? Sell ​​Your House With A Realtor And Save Money!

FSBO is an acronym for "For Sale By Owner", which means selling your real estate property WITHOUT the benefit of a Real Estate Agent representing you and negotiating on your behalf.

Annual studies by the National Association of Realtors ® show that sellers receive 5% – 8% higher purchase prices when selling through a Realtor ® ! Why would a seller receive a HIGHER sales price when they pay a commission to a Realtor ® ?

FSBO sellers find it difficult to get qualified buyers because:

1. Buyers who respond to FSBO ads usually have not been qualified to buy (the qualified buyers retain real estate agents to help them find a house).

2. Real Estate agents do not show FSBO homes (they show homes listed by other agents).

3. Buyers who view FSBO homes are often bargain hunters – they know you are not paying a commission and so they expect you to lower your price.

4. Many buyers who buy FSBO homes are savvy investors who negotiate low prices.

FSBO sellers can not negotiate the best sales deal because:

1. Sellers are emotionally attached to their house and often think the value is higher than it really is.

2. Sellers are not familiar with the "big picture" of the real estate market and its values.

3. Sellers are not attune to buyers and do not know their wants or needs.

4. FSBO sellers must negotiate personally with the buyers, getting involved on an emotional level, rather than as a business transaction.

5. Sellers are inexperienced in mortgage lending procedures and solving complex requirements.

6. Sellers are not experienced with solving glitches, such as low appraisals.

7. Sellers who personally accept deposits may spend the funds (rather than securing with a neutral party).

8. FSBO sellers are at high risk of lawsuits – they are not familiar with legal forms, real estate laws, and requirements.

What does that mean for a seller? They should hire a Realtor® to sell it Right!

A Realtor ® is worth her commission – in marketing, negotiating, and closing on your behalf! Remember that old adage, "You get what you pay for." In this case, it pays to have a professional representative you. So if you think you can not afford to pay a commission – you can not afford NOT to! And in case you're wondering what a commission will cost you – there is no set price, they are negotiable.

Save time, save money, save effort. Do what you do best and allow your Realtor® to do what she does best – get you the highest price for your house with the best terms available to you!

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Source by RP Brown

What to Do Before Foreclosing on Or Short Selling Your Underwater Mortgage

If you have decided to foreclose on your underwater mortgage, congratulations! We know what a hard step this is to take, and we admire your courage in putting yourself and your family first.

With everyone from the government to pundits telling us we should hold ourselves to different, higher standards than the banks and lenders do, it can be really hard to see the trees for the forest, can not it?

But you've made the decision, and in at most a few years, you will not even have a concern about your underwater mortgage anymore. However, you need to do things correctly to prepare yourself for your foreclosure and for life after this mortgage.

First-before you miss a payment do a financial assessment. Are you going to need a new car in the next 5 years? If you buy it now, you'll save yourself a lot of money in higher interest payments later. Also, do what you need to do to make sure you'll be able to stay on time with all of your other bills after you stop paying your mortgage.

This will make it easier for you to get credit after your mortgage is foreclosed on, or you short sell your home.

Next, we'd like you to consider taking the lead in this process and doing everything you can to arrange a good short sale for yourself. Hire a sharp Realtor who knows the short-sale process inside and out to negotiate with your lender and to list your house for you.

Now, whatever you do, do not trust your lender's word ! Make sure you get the agreement to accept a short sale from your lender in writing . This is where your Realtor is really going to be helpful. Remember that these financial institutions are 'dealing with and we all know we can not trust a single one of them, especially the large national banks.

Regardless of what your lender says, have your Realtor research what your house is actually worth and then list it with them for the short sale. Your mortgage lender will just sell it for pennies on the dollar-if they do that, they may have an actual incentive to come after you later. By taking the reins in the short-sale process, you get to protect yourself. And whatever you do, do not let your lender pick the Realtor you use!

Do not fret over finding the right Realtor either. Feel free to contact us and we'll help you find an educated, certified short sale Realtor in your area.

In addition, short sales are not short. Given the housing market, putting your house up for short sale just gives you more time to live in your house without making payments so you can start planning for your future.

You may also want to apply for a mortgage modification, instead of listing your home as a short sale. Now, two out of the three available configurations will actually cost you more money in the long run, and one of them is only going to help you if you're not in an adjustable-rate mortgage (ARM). Oh-and less than 3% of families are approved for them. But when you apply for a modification, everything stops until you get an answer from the bank that you are either approved or not for your loan modification. This gives you even more time in your house, mortgage-payment free!

But here's the most important thing we can tell you about dealing with your underwater mortgage-remember that your family is more important than your house and all of your possessions combined. Do not let any mortgage lender, any government official, or any blow-hard pundit tell you otherwise!

With everyone from the government to pundits telling us we should hold ourselves to different, higher standards than the banks and lenders do, it can be really hard to see the trees for the forest, can not it?

But you've made the decision, and in at most a few years, you will not even have a concern about your underwater mortgage anymore. However, you need to do things correctly to prepare yourself for your foreclosure and for life after this mortgage.

First-before you miss a payment do a financial assessment. Are you going to need a new car in the next 5 years? If you buy it now, you'll save yourself a lot of money in higher interest payments later. Also, do what you need to do to make sure you'll be able to stay on time with all of your other bills after you stop paying your mortgage.

This will make it easier for you to get credit after your mortgage is foreclosed on, or you short sell your home.

Next, we'd like you to consider taking the lead in this process and doing everything you can to arrange a good short sale for yourself. Hire a sharp Realtor who knows the short-sale process inside and out to negotiate with your lender and to list your house for you.

Now, whatever you do, do not trust your lender's word ! Make sure you get the agreement to accept a short sale from your lender in writing . This is where your Realtor is really going to be helpful. Remember that these financial institutions are 'dealing with and we all know we can not trust a single one of them, especially the large national banks.

Regardless of what your lender says, have your Realtor research what your house is actually worth and then list it with them for the short sale. Your mortgage lender will just sell it for pennies on the dollar-if they do that, they may have an actual incentive to come after you later. By taking the reins in the short-sale process, you get to protect yourself. And whatever you do, do not let your lender pick the Realtor you use!

Do not fret over finding the right Realtor either. Feel free to contact us and we'll help you find an educated, certified short sale Realtor in your area.

In addition, short sales are not short. Given the housing market, putting your house up for short sale just gives you more time to live in your house without making payments so you can start planning for your future.

You may also want to apply for a mortgage modification, instead of listing your home as a short sale. Now, two out of the three available configurations will actually cost you more money in the long run, and one of them is only going to help you if you're not in an adjustable-rate mortgage (ARM). Oh-and less than 3% of families are approved for them. But when you apply for a modification, everything stops until you get an answer from the bank that you are either approved or not for your loan modification. This gives you even more time in your house, mortgage-payment free!

But here's the most important thing we can tell you about dealing with your underwater mortgage-remember that your family is more important than your house and all of your possessions combined. Do not let any mortgage lender, any government official, or any blow-hard pundit tell you otherwise!

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Source by William Bud Gragg Jr

What Are The Real Cost Of Selling A Home?

Experts estimate that most people who use a Realtor will pay as much as 10% of your selling price in costs associated with selling. The cost of selling a home yourself can range from 4% to 8% of the selling price of your home. When you're estimating your expected gains, remember that the cost of selling a home can be deducted from that figure for tax purposes.

To give you an idea of ​​what the costs of selling a home in the current market are, take a look at the information below. We've included estimated costs based on a $ 250,000 home sale, as well as some tips for lowering or eliminating them to lower your overall cost of selling your home.

Sales commission

If you list your home with a Realtor, expect to pay 4 to 6% of the sales price, or $ 8,000 to $ 12,000 in real estate commission.

Tip: Shop around. Real estate commissions are not written in stone. A Realtor may be willing to accept less of a commission in a slow market, or you may be able to save money by contracting with a Realtor for specific services only rather than a contracted listing.

250,000

-12,000

238,000

Closing Costs

Taxes, both transfer taxes and property taxes, and legal fees associated with the closing and finalizing of your home sale will be 2% to 4% of your sales price, or $ 4,000 to $ 8,000.

Tip: Check the laws in your state. If you've prepaid your property taxes for the year, you may get a credit instead of a bill. There may also be other refunds on prepaid escrow costs for home insurance and other costs of selling a home.

238,000

– 8,000

230,000

Paying Off Your Mortgage

Whatever the remaining principal balance is on your current mortgage will have to be paid off upon the sale of your home. Just to keep things simple, let's say that you still owe $ 50,000 on your current mortgage. If there's a prepayment penalty, you'll need to deduct that from your temporary sales price as well.

Tip: Ask your lender to prepare a payoff statement for you to check your figures. If there is a fee charged for the service, you can deduct it as one of the costs of selling a home.

230,000

50,000

180,000

Repairs to Your Home

The cost varies broadly depending on the age of your home and how well it's been maintained. At the very least, you should get a home inspection to identify any possible problems to avoid being surprised by them at closing. You should plan on paying about $ 300 for a home inspection.

180,000

300

179,700

Pre-Sale Facelift

Again, the cost varies with the work that's needed to get the house looking its best. Conservative estimate: $ 300 for new paint, screws and hardware, carpet for living room floor and landscaping service

179,700

400

179,300

Moving costs

The cost of moving from one home to another is included in the cost of selling a home. It may be as little as $ 1000 to as much as $ 12,000 for a cross country move. Let's be conservative again – $ 3,000

179,300

3,000

176,300

Other relocation costs

You may need to replace appliances, pay off school transfer or gym fees, or pay storage for your furniture. There are many unexpected costs of selling a home which may amount to nothing, or add up to a good chunk of change.

Even without adding in other relocation costs, you can see how the cost of selling a home can reduce your final cash gain. The good news is that most of those costs are deductible on your taxes.

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Source by B Shelton

How to Sell Your Home Without a Real Estate Agent

Considering the rapid rise in home prices over the past several years, home sellers are taking a hard look at the commission they have to pay to a real estate brokerage to market and sell their home. Real estate commissions vary across the country; they average in the four to seven percent range.

According to the 2004 National Association of Realtors® (NAR) Profile of Home Buyers and Sellers fourteen percent of homes were sold by-owner. The NAR study listed the two most difficult tasks for for-sale-by-owner (FSBO) were preparing and fixing up the home for sale and getting the pricing right.

Invite three full-time mid to high producing agents to your home to give you an opinion of price. Understand that if the three price opinions are not what you think the property is worth, you should understand the danger of an over-priced property. Homes that are over-priced have been studied by large national real estate brokers and over-priced homes take longer to sell and sell at a lower price as a percentage of the original list price.

Ask the agents to give you constructive feed back on what you should do to make your home visually appealing to the majority of buyers. Below are some staging tips to prepare your home for market.

1) Research how to "stage" your home to maximizeize its appeal to homebuyers by creating a spacious and pleasant home environment for buyers.
· Start by removing the first thing that gets in your way.

· Take one or more major pieces of furniture out of every room to make it more spacious.

· Keep matching furniture pieces together to build uniformity in a room.

· Create seating areas where two or more people can talk.

2) Keep the eye moving when staging a room.

· Use furniture placement to direct the buyer's eye towards a room's features.

· Move large pieces of furniture away from windows.

· Place large furniture at entry end of room to lighten visual load at opposite end of room.

· Use area rugs to anchor seating arrangements.

· Have your dining table closed to its smallest size.

3) Use furniture placed on angles in a room to give it a quick update.

· Angle a bed in a corner of a bedroom to focus attention.

· Angle furniture in a V shape in living and family rooms.

· Angled furniture can help fill a room short on furniture and lend a designer look.

4) Create vignettes in rooms to set mood.

· Breakfast tray with coffee cups, newspaper, flower vase on bed.

· Set the dining room table with linen tablecloth, china, silverware, and stemware.

· Set up game table for chess, bridge, or backgammon.

5) Effective model homes focus on creating the right environment.

· De-clutter so buyers can overlay their furnishings and lifestyle.

· Clean, fresh, and new smell.

· Attention to detail. Clean rooms and landscaping trimmed.

· Subtle background music, classical, light jazz, or rock.

· Interior décor and wall colors accent home's architectural features.

· Live plants or fresh flowers add finishing touches.

6) Understand decorating basics that can guide you to repositioning a room.

· Color. A little goes a long way.

· Scale. Do furniture sizes complement or overwhelm a room?

· Pattern. Easy does it to avoid distracting from room itself.

· Lighting. Use it to define dark corners. Helps to fill out a room.

· Focal point. Fireplaces, views, art, find one in every room.

· Texture. Adds visual interest, warms cold spaces and finishes.

Understanding and completing the paperwork in a real estate transaction was number three of the most difficult tasks according to the NAR study. Once your home is priced right and ready for market you should retain a real estate attorney to help you review contracts, disclosure forms and to help you qualify potential buyers of your home. An experienced real estate attorney can help you avoid the common pitfalls in real estate negotiations and will facilitate a smooth transaction.

Here are some cliff-notes on real estate contracts.

· Use an approved real estate contract by your state real estate attorney association or local Board of Realtors®.

· Real estate contract. A binding agreement between buyer and seller. It consist of an offer and an acceptance as well as consideration (ie money).

· Acceptance. Agreement by the parties of the terms of a contract.

· Contract length. Research customary contract lengths, the standard is 45 days from contract to closing.

· Have sold comparables properties on hand for prospective buyers.

· Comparable. Closed prices for similar homes in age, condition, location and size.

· Price. Study average sold prices as a percentage of lists in the last six months.

· Low-ball offers. Buyers should offer over 87% of list if they are serious, otherwise you will not respond at all to low-ball offers.

· Counteroffer (s). The response to an offer or a bid by the seller or buyer after the original offer or bid. Request all counteroffers to be in writing.

· Require all buyers to present the highest level of mortgage commitment with their contract.

· Mortgage Commitment. A document by a mortgage lender that commits the lender to providing a loan at agreed terms and conditions.

· Mortgage term, rate and amount. Look for strong down-payments of thwenty-percent or more. Interest-only loans signal that the buyers could have been stretching to qualify for a loan.

· Cash offers in lieu of mortgage financing should be confirmed with a letter from your financial institution staging funds are on deposit to close the contract.

· Federal law requires Lead-Based Paint Hazard disclosures.

· Lead-Based Hazard. A disclosure of reports or knowledge of Lead-Based Hazards. Buildings built after 1978 do not present Lead-Based Hazards.

· Read Protect Your Family From Lead in Your Home by the US EPA.

· Real property disclosures required by the federal or your state Written statements by the seller (s) of a property disclosing any known defects.

· Local disclosures. Local requirements of disclosure that the seller provides and the buyer acknowledges, such as certificates of occupancy.

· W-9 form. An IRS form requesting taxpayer identification and certification numbers of buyers to receive interest on earnest money from delivery to closing.

· Subject to appraisal. Most contracts as part of the mortgage contingency require the subject property to appraise at a minimum of contract price.

· Appraisal. An objective third parties opinion of value by a licensed or certified appraiser.

· Earnest money deposit. Money given to the seller at the time the offer is made as a sign of the buyer's good faith.

· Research customary earn money deposits as they vary. The larger the deposit, the increased motivation you buyers show to perform the contract.

· Refund of earnest money deposits. Contracts should provide for repayment of the entire earnest money deposit within agreed contingency periods. Seller's attorney should hold earnest money deposits.

· Attorney approval period. Your attorney reviews and makes changes to the contract, typically 5-7 business days.

· Property inspection period. The right under a contract for the buyer at their expense to discover the actual condition of the property. This period typically runs 5-7 business days.

· Well and septic inspections. These are independent of structural and mechanical inspections.

· Timelines for contingencies run concurrently.

· Contingency. A provision in a contract requiring certain acts to be completed before the contract is binding.

· Closing / escrow date. The date of the end of the transaction process where the deed is delivered, documents are signed, and funds are disputed.

· Possession date. The date agreed by contract when the buyer can occupy the property.

· Final walk-through. A property tour before closing or escrow that permits the buyers one final verification of condition, agreed repairs and personal property.

· Tax pro-rations. The amount of credit given to buyers at closing for unpaid property taxes, when taxes are paid in arrears. Pro rations should always be more than 100%.

· Personal property. List and initial all personal property included with the sale, such as air-conditioners, appliances, and playground equipment.

· Home sale contingency. The contract is contingent on the sales of the buyer's property.

· Buyers show motivation when including a home sale contingency by having their current property already on market.

· Home closing contingency. The contract is contingent only on the successful closing of an existing real estate contract.

Marketing your home to prospective buyers should include these methods.
· A professionally painted yard sign.

· Newspaper advertisements classified and photo.

· Public and broker open houses.

· Internet: virtual tour and at least eight photos.

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Source by Mark Nash

Why You Should Sell Your House By-Owner

Selling your house by-owner is the best way to go considering real estate market. Home prices are declining. People are buying less homes. The real estate market is going into a free-fall right now. If you do not try to sell your house now, the value will keep going down which will put you in a worse situation in as little as a day or two. The buyer for you home today might not be there tomorrow.

Real estate agents are desperate to sell homes because they are going broke too. They are desperate for you to sign on to their services. All a real estate agent does is list your home on the MLS and wait for another real estate agent to find your home and show it. There is little chance you will get many offers on your home this way.

You should always try to sell your home by-owner because it saves you at least 6% of what the value of your home could sell for. Save the equity you still have left in your home. Equity is the value of the home which is above the mortgage amount. Six% of what your home is worth in your pocket at the end of closing could give you the power to let you get a traditional loan on a new home. Six percent on a $ 200,000 home is $ 12,000 dollars. Would not you rather keep that in your pocket at the end of the deal than hand it over to a real estate agent. $ 12,000 is a good start to 20% down on a traditional mortgage. If you have a traditional mortgage you will never have to worry about having your rates raised.

If you are facing foreclosure, sell your home buy owner. If you have a sub-prime loan and are scared of going into foreclosure, this is your best option. It is the easiest way to sell it fast and save money at the same time. There are many options for you with the Internet at your fingertips.

Immobilienmakler Heidelberg

Makler Heidelberg


Immobilienmakler Heidelberg

Makler Heidelberg


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Source by Clayton Harlan