FSBO Selling Tips

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For sale by owner. The words may strike fear into your heart, or you may find them to be the beginning of an exciting journey. There are some advantages to selling your house by yourself, not the least of which is getting to keep all of the proceeds from the sale. There are some things you need to keep in mind if you do intend to sell your home yourself. Here are some top tips to make the sale a success.

First, make sure your home is in top shape. If you need to do a little landscaping to boost your curb appeal or touch up some paint to make things look fresher, do so. You’ll also want to remove any clutter from the kitchen counters or out of the rooms. People want to be able to envision their stuff in there, and it’s harder to do when your stuff is distracting them.

A good cleaning is also in order, removing any dust and cleaning the carpets along the way. Obviously, if something needs fixing, you will want to take care of first, or disclose what needs to be done in the sale. This means you’ll sell for less, but you also won’t incur the cost up front.

Next you need to price your home. This is one of the hardest parts of selling your house. You need to get an accurate price on it without undervaluing it too much. Then again, you don’t want to overprice it and keep people away, or worse, make them buy the house down the street. You will need to do a lot of research on similar homes in your area. Once you can get an estimate of an average cost, you’ll be better able to price your home correctly. You’ll also need to factor in market trends – is it booming or backsliding?

Even if you do decide to sell without a real estate agent, you shouldn’t go it alone. Finding a good attorney who specializes in real estate will be a small investment with big dividends. Your attorney can review all of the paperwork to ensure that it is drawn up correctly and that it doesn’t cause you any harm. They will also make sure that you adhere to all fair housing act requirements.

Now it’s time to market your house. It can be tricky, and the first two weeks are the most critical. There are select websites that specialize in being a place that FSBO sellers can go to advertise their homes. You will also need to write a good ad that is concise but still gets all of the information out. To help you with the phrasing, you can always take a look at the real estate ads in the weekly paper. If one makes you cringe, don’t use it as a model. Ads that inspire you and make you want to see the house will be your guide.

The most important part of marketing is not whether you tie it to a Facebook page, but that you put in the most important details. People want to know how many bathrooms a house has, or whether it’s near schools.

Selling your home by yourself can be done, and it isn’t as painful as it might seem. Nor will it be as lonely a process as you might think. These tips should make FSBO much more achievable.

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Source by Bill Len

How to List an FSBO Home

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Did you know that nowadays only one-third of all home buyers used a real estate agent? Did you know that a seller can utilize MLS listings on their own, without an agent? In today’s real estate market these are absolute facts! It is now much easier and more profitable to sell your home as a “For Sale By Owner” (FSBO) home than ever before. To ensure you earn all the money you can from selling your home, do it yourself! Forget the agents! Only you will have your best interests at heart when it comes time for you to sell your home anyhow. There are some things you must know how to do first though before you do sell your own home. We will examine some helpful tips in this article.

First, check the records on your property. Utilize your county courthouse files and personnel. Be certain there aren’t any liens or legal claims of someone else to take ownership of your home. If you want to stay clear of the courthouse a real estate lawyer can also help in this area. However, be sure to do this upfront! Now is the time to find out this information! You do not want to be unpleasantly surprised when you think you are ready to close a deal on your home.

Next, make sure you personally know the weaknesses and strengths of your property and home. This is another area where you do not want to wind up surprised! Have an inspection done early on by a professional inspector. They will let you know of any problems you have that need attention and are likely to impact your sale. You will be better off if you fix these problems right away yourself (using reputable professional services only.) However; if you choose not to fix them, you must adjust your selling price accordingly. Otherwise nobody will buy the home.

That leads us to the next tip for FSBOs – have the price of your home evaluated by an objective expert. Hire an appraiser for a few hundred dollars. They will be best suited to thoroughly evaluate your home and compare that evaluation to similar homes for sale in your town. This should not be a guessing game on your part! If you price your home too high, nobody will buy it. However; if you estimate it too low, you will be cheating yourself. Unless you happen to be an expert in this field, do yourself (and your family) a favor – get a professional home appraisal!

One last point in being an FSBO is to make sure you plan a selling strategy for yourself. Some research on your potential home buyers is in order here. Find out the things that stand out to them when they are looking for a home. Today only 36% of buyers will find out about homes from a real estate agent. That leaves a huge percentage of people that are looking on their own. Don’t forget – THEY want the savings offered by an FSBO too. When you discover what the public wants in their home, you can accentuate the features of your home that match their criteria.

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Source by Bill Len

Selling Property without A Real Estate Agent

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I am going to sell my property without an agent. This refrain is being heard more and more these days as the Internet and real estate market evolves beyond the realtor-based transaction.

FSBO is an acronym meaning for sale by owner. The advantages of selling as a FSBO are numerous. With real estate commissions of six percent, you are looking at immediately saving tens of thousands of dollars in commissions. If for some reason this does not entice you, keep in mind you can use the savings to undercut the prices of similar homes in your area. This will move your house quickly off the market and let you get on with your life.

The key to selling your property is to be prepared. First, you need to find out the value of the property by looking at comparables in your area or trying an online valuation service. Once you have the value in mind, you need to determine whether this is acceptable. You also need to determine what you are really willing to accept as a sales price once haggling is completed. Always make sure you know your bottom line and stick to it.

The next step is list the property online on a FSBO site. Over 70 percent of homebuyers now find their properties online as the realize there is no need to endlessly drive around looking at homes that they may or may not be interested in. By going online, they can see what each home offers and then visit the appropriate property.

Given the use of the Internet by buyers, it is vital that you spend the time to upload pictures with your listings. You are only going to generate interest if the buyers can actually see the property. Every site allows you to upload digital photos and you should do so. Take care to show as much of the property as possible so that you can generate leads that are truly interested in buying.

Sellers wonder if they are correct to think they can sell their property without a realtor. With the Internet revolution, it is easy to do so and save tons of money on commissions.

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Makler Heidelberg

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Source by Raynor James

Who Does Your Real Estate Agent Really Work For?

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If you are a potential home buyer, you must understand the difference between seller, buyer and dual real estate agents. Using the wrong type of agent could affect the financial terms of the deal and have significant legal implications. Read on to arm yourself with an understanding of the difference and how to use it to your advantage when buying a home.

There has been a significant amount of talk over the past few years about buyer’s agents and seller’s agents. Real estate law has evolved to require that an agent list who they are representing. This is normally done early in the process through a disclosure document that you must sign that clarifies whether the agent is working for the buyer or seller. A seller’s agents represent the seller. Most real estate agents who show and market houses are seller’s agents. They may be friendly to you as a potential buyer, show you multiple homes and help you through the offer process. However, they normally are working for the seller and looking out for the interests of the seller. Conversely, buyer’s agents actually work for the buyer and have a fiduciary responsibility to look out for the interests of the buyer. There are also dual agents, but we’ll come back to that in a moment.

Normally, this has nothing to do with who actually pays the agent. So, why does it matter? If you are the buyer, it is important for you to use a buyer agent because of the financial, legal and ethical implications. A seller’s agent has a fiduciary responsibility to the seller not to you as the buyer. This means during the negotiations a seller’s agent will be looking out for the interests of the seller. Here’s a real life example to help clarify. Suppose an agent discovers that the seller must relocate for a new job, has become highly motivated and is now willing to accept $15,000 under the listed price. If the agent is a buyer’s agent – working for you – he/she will be obligated and probably excited to tell you this information. However, if the agent is the seller’s agent – working for the seller – he/she does not have to disclose this information to you and may withhold the information initially in an effort to get the highest offer from you.

So then, what is a dual agent? Occasionally your will find an agent that says they are performing in a dual role; meaning they are acting as a buyer and seller agent. Be careful in this situation. As a buyer you may want to avoid a dual agent. Realistically, the dual agent cannot fully represent the buyer’s interests without adversely affecting the seller and visa versa. There are some excellent agents that can operate effectively in the dual role. However, as a buyer, you should realize the potential conflict. If you want the lowest price on a home, seek a good buyer’s agent whose loyalties are aligned solely with you.

You may be wondering who actually pays for a buyer’s agent. Typically the selling agent lists the property in the MLS (“multiple listing service”) and agrees to split the commission with the agent who brings the buyer. In this scenario, the seller’s agent and the buyer’s agent split the real estate commission 50/50. This means that although the buyer’s agent is working for you, the seller is actually paying for the buyer’s agent. Occasionally you may find a listing where the selling agent does not agree to split the commission with the agent who brings the buyer and in that case you would have to negotiate who will pay for the buyer’s agent.

Understanding the financial, legal and ethical implications of buyer, seller and dual agents is important to you as a home buyer. Before you start searching for a new home, find yourself a good buyer’s agent with at least 10 years of experience in your market. They will be aligned with your interests and have the experience to help you negotiate the lowest price for the home.

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Makler Heidelberg

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Source by K Cole

Homes for Sale by Owner

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Homes sold by owners are advantageous for both the seller and buyer. If the house that is put up for sale sells for $200,000, for example, and the common commission rate ranges up to six percent of the selling price, then both the buyer and seller can save $12,000 – money that would have been used for an agent’s commission. And if the property owner dedicates a lot of time in finding the prospective buyer of his home instead of spending weeks or months finding an agent, then he will most likely dispose of his property in a shorter span of time.

There are various reasons why a person may sell his home. The homeowner may want to gain financing for a new home, obtain an ample amount to finance the mortgage of the property that is up for sale, or just want to move to another place.

Homeowners who adopt the “For Sale by Owner” method of selling assume the role that is conventionally played by the bank or the mortgage firm. Such a process, when adhered to, is advantageous both to the seller and the buyer. Naturally, homeowners contact real estate agents who will handle the transaction for them. But when the homeowners administer the selling by themselves, they are able to save on commission costs and also provide a good package for buyers needing to purchase new homes but facing difficulties getting bank loans.

For innumerable reasons, many individuals find it hard to obtain bank loans due to the strict requirements imposed by these money-making lenders. They may have the funds ready in their pockets and have stable jobs to sustain the monthly payments, but they just find it hard to settle for a bank loan. With the sale of a home by the owner, the process gets much easier.

It is, therefore, not surprising why homes for sale by owners are highly coveted. If you are a seller, you save yourself a great deal of money because you never have to pay commission costs. If you are a buyer, you can buy a house and lot without the terrible burdens of tremendous bank interests.

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Source by Marcus Peterson

Secrets of How to Sell a House by Owner

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When it comes to selling your house by owner, it can be confusing. Which forms to use. How to market it to get people to find you. Even how to take care of the closing and recordings. However, there is one overlooked part of selling most folks don’t think enough about.

Financing.

This is how the deal gets done. After all, if the buyer doesn’t get the funds in your hand, you can’t close. And in this crazy real estate market, where everyone’s wondering whether we are recovering or entering another bubble. If housing gets better, will mortgage lending become easier or harder (as they have been lately).

One of the least known, yet most powerful selling techniques when it comes to getting your house sold is a lease option. This is also known as a rent-to-own. A lease option is basically finding a well qualified tenant/buyer that wants to buy your house, but for some reason or the other, just can’t get qualified right now. It can be because of some strain on their credit from the last crash or their lender is requiring more down payment than they currently have saved up.

Either way, these are folks who genuinely want to buy, have the income to support buying the property, and just need some more time to get financing ducks in a row.

And this market is huge. The amount of people in this category is huge right now. A good 80% of people who want to buy, and can afford to do so, just can’t get approved right now.

To sell your home fast in this market, by yourself, and net the entire purchase amount (since there are no fees or commissions when selling with a lease option), this method can be a great solution. The buyers are there, and if you can wait a year or two to get cashed out… this can get you out from under your payments and get the best price possible.

If your concerned about being a landlord… don’t. Selling with a lease option attracts buyers who want to buy, not just serial renters. There is huge difference in their thinking. A renter just wants a place to live in for a period of time and move on. They won’t clean up, they don’t care about repairs, and will usually leave the house at anytime, in not the best of conditions.

When you deal with buyers, you get a great family who wants to buy your property. Not just move from place to place, but a real buyer who will take care of all the repairs, keep the place perfectly clean, and ensure the payments are made on time since they don’t want to lose their option.

You, as the seller, also benefit from the market or higher payments you’ll be getting, not having to deal will all the day-to-day maintenance, and from getting full retail price when they cash you out… without paying a realtors commissions or fess… which usually results of over 10% of the price. This works out really well if you don’t have much equity or if you’re upside on your mortgage.

Selling your house on lease option or rent-to-own is one of the best kept secrets of how to sell your house yourself fast and get the best price.

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Makler Heidelberg

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Source by Ron Simon

Homeowners Facing Foreclosure – What Are Their Options?

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Many times, homeowners in foreclosure will come to me and ask, “What are my options at this point?” Right now they are facing foreclosure with the auction a month or two out. Here is my reply.

1. You can call your lender and ask them to reinstate the loan. You may be allowed to reinstate or make the loan current by paying a lump sum or making scheduled payments to your lender over a given amount of time. Explain to them you had a few bad months but now you are back on your feet and most lenders will try to work something out with you. This option typically works when the homeowners are not too far behind on payments and can prove that they are in a better financial situation.

When they reinstate the loan, the Notice of Default (NOD) is canceled, the home is brought out of foreclosure, and everyone is happy. However, the homeowner’s credit was still hit with the NOD which will hurt a little.

Something similar to reinstating the loan is called a Forbearance Agreement. This is when you actually negotiate a “deal” with the bank. You can ask the lender if they will add on the amount owed in back payments onto the back of the loan, or if they would take a smaller portion upfront and add the rest onto the back of the loan or pay some upfront and forgive the rest or you could even ask them to forgive the whole thing.

2. You can refinance your home. If there is lots of equity in your home and you’re not too far behind on payments, this is a great option. Usually the lender would refinance the existing loan and include as part of the new loan any late payments, and fees that you would need to regain control. The challenge that most homeowners have is they have leveraged their home to the max. Therefore, very little equity exists in the home especially when you add on back payments and fees so it becomes very difficult to refinance. This is one of the reasons why California has one of the lowest foreclosure rates in the nation, because home values go up so quickly homeowners can refinance fairly easily if they ever get into trouble.

3. You can list your home with a realtor. If you have equity in the property this can also be a great option. However, if you have little to no equity, which is usually the case, it can be hard to sell a home in a short amount of time with a real estate agent. It’s practically impossible when the home is over leveraged. The reason why is because you have to pay a realtor fee or commission when they list your house. Typically it’s 3-6% of the purchase price. Real estate agents have to increase the purchase price of the home to compensate for their commission and pay off the loan balance. If the foreclosure auction is approaching, they’ve got to find a qualified buyer quickly and usually this takes time.

4. You can sell the house yourself. All you need to do is put a FOR SALE sign in your front yard. You should tell everyone you are selling your home, maybe they know a friend or relative who is looking to buy in the neighborhood. If you live in a high traffic neighborhood with listings, you have a very good chance people will call you. Again, if your home is over-leveraged, you will have a very difficult time selling your home quickly.

5. You can give the property back to the lender. This process of transferring ownership from you to the lender under these circumstances is called a Deed in Lieu of Foreclosure, and is sometimes referred to as a “friendly foreclosure” because in essence that what it is. You just walk away. A deed in lieu of foreclosure does not protect your credit, nor will it cut off the rights of junior lien holders. In other words, the lender would take the property back subject to the junior lien holders. This will avoid the possibility of a deficiency judgment in the event the property fails to produce enough to cover the outstanding debts after it goes to auction. So if you have equity in the property this is not a good option. You will give up all rights to receive any surplus from the auction. Using this option is like giving up. Don’t give up when you still have better options.

6. You can sell your home to an investor. Most investors will negotiate with your lender to accept a discount on your loan. This is called a short sale. What this does is allow the investor to buy your home under market value so you can avoid the foreclosure auction and then he can turn around and sell it for a profit.

7. You can file bankruptcy. There are several different “chapters” of bankruptcy. Some are work-out others are wipe-out, but here is the general idea. When someone files bankruptcy it’s almost like someone builds a “bullet-proof” barrier around the house. No one can touch you! However, you are not free of all responsibility and most people do not understand that.

[Note: Bankruptcy should be the last alternative or option and should not be used to stop foreclosure unless you have no other option or else you need the protection of a bankruptcy due to other circumstances or situations you are currently up against. If you feel this may be your best option, please seek legal advice from a competent professional in this field.]

8. And finally, you can just let it go to foreclosure. Basically you don’t do anything. Typically you will get evicted after about 2-3 weeks. You leave with nothing in hand and a foreclosure on your credit report. This is without question the worst option of all. Don’t let anyone convince you to just give up and do nothing. At least try something. You have nothing to lose. At this point there is nothing worse that can happen to you.

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Makler Heidelberg

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Source by Jarad Severe

How To Sell Your House By Yourself: A Short Guide

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Selling your house is something you’ll have to do maybe just a few times in your life. And unless you know a local real estate agent who will sell your house for free or a hugely discounted commission… it can be a real pain in the rear and an expensive process for you as well.

So… you landed on this page about “How to sell your house by yourself ” because of a few reasons I’m guessing…

  • You have no or very little equity in your house so you can’t afford to pay a real estate agents commissions
  • You have equity but want to try to save money selling the house yourself before you resort to hiring an agent
  • You’re in foreclosure (or heading that way) and just need to sell fast without incurring thousands in agent commissions
  • You can’t wait the months and months it sometimes takes to sell a house in your area, so you want to try to sell it more quickly

Whatever one you land in… there are ways to sell your house yourself in your local real estate market.

Since 2013, the housing sector has been experiencing a major recovery. Selling your house at this time will definitely be profitable if you do it right. In most cases, it is about using smart marketing strategies and being realistic about your expectations on what you want to achieve with this sale.

This article will provide some guidelines to help you sell your house yourself.

How To Sell Your House By Yourself – Let’s Dive In

Know The Real Estate Market Well

The first and most important step is doing a market research on your neighborhood. This step involves visiting various home marketing sites (Zillow, Eppraisal, Redfin, etc), calling a real estate agent or two to see what your home is worth, or reading about the various market pricing techniques. Proper homework on these issues will allow you to come up with a right price for your house and also helps you to avoid making certain selling mistakes.

If you don’t want to hassle with trying to come up with a home value yourself… contact a local cash home buyer. They’ll be able to give you an honest fair valuation of what your house is worth in its current condition. And most cash homebuyers can make you a fair all-cash offer on your house within 24 hours, to give you that option of selling quickly (most cash homebuyers can close within 14 days).

Assess the market

This step is almost similar to conducting market research, only that in this case, you are bound to your neighborhood and similar houses. Are there lots of houses for sale in your neighborhood? If so, what is the average that they are listing for? Are there lots of foreclosures in your neighborhood? That may drag your house price down.

Assess the house

As a seller, your house should be in top condition or shape in order to sell at a good price. Identify certain unique characteristics about it and emphasize them during the marketing. For example, a house with garage parking may be more attractive to buyers compared with one with driveway parking.

Also, does your house require repairs? Does it need to be repainted inside or out? How is the condition of the roof? Is the landscaping in good shape? Is the house outdated at all? (you know, those popcorn ceilings. All of these things can make the house more attractive or less attractive depending on the buyer… which changes the price they’re willing to pay.

After all of this… come up with an asking price for your home that is fair… isn’t so high it’ll take you 12 months to sell the house… but is attractive so you get a frenzy of buyers who are ready to buy it quickly.

Use Photos or Videos

Buyers are obsessed with media. Taking walk-through videos of the house and using the videos to advertise will enable you to reach a wider market. In fact, these videos are considered more transparent than taking photos. However, this should not stop you from using the latter option since it is more affordable compared to the video.

So take some great pictures. Take a picture of every room in the house that helps show it off. Take a picture of the house from the outside in a few different angles… people want to see the house before they ever show up to see it. So having great pictures of your house online could be the difference between getting the right buyer quickly… and waiting months and months to sell.

Get Your House “Listed” On The Local MLS And Market It

You can find no or low fee real estate brokers these days who will charge you a few hundred bucks to put your house on the local MLS. This gets your house in front of all of the real estate agents quickly (so be prepared to pay those “buyers” agents a 2-3% buyers broker fee if you plan to have their support in helping you find a buyer.

Place ads in the local newspaper, signs on the roads, and hold an open house.

All Of This Sound Like A Lot Of Work To Sell Your House Yourself?

It can be.

And in the end, many homeowners think they’re saving money and time by marketing the house themselves… when in the end it costs them more money to go that route.

When you sell your own house here are some things you need to consider…

  • If you’re not a good marketer or aren’t ready to spend a bunch of time marketing your house right… selling it yourself may not be your best bet
  • If you don’t do a good job preparing the house and the marketing materials… and working with buyers to really build the value of your house in their minds… you may actually sell the house for 3-8% less than you may get for the same house an experienced person marketed the house for you
  • Too many sellers never think about holding costs or opportunity costs… every month that your house doesn’t sell means another mortgage payment, tax payment, insurance, utilities, etc. If your mortgage payment is $1,500/mo… and $1,300 of that is interest… if it takes you 7 months to sell your house… that cost you an extra $9,100 (not to mention taxes and insurance you paid during that time). So, if you were able to sell that house more quickly… would it make sense for you to provide a buyer a discounted price today so you can close quickly and move on? Something to think about.

A local cash home buying company can give you a fast offer for a fair price.

Immobilienmakler Heidelberg

Makler Heidelberg

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Source by Zach Tetley

How To Become A BETTER Real Estate Agent?

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Whether you are a real estate agent, or, if you are considering, either, buying or selling real property, wouldn’t everyone be, best – served, by an individual, who demanded his personal, and professional best? How, exactly, might someone, become a truly, BETTER real estate agent, so, he can provide the service, and representation, your client needs, and deserves? With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, using the mnemonic approach, what this means and represents, and why, it makes sense, to demand the very best (for agents, this means best efforts, while for clients, hiring the right person, for their best interests).

1. Benefits; beliefs; bring it: Begin the focus, based on how, an individual’s efforts, produce real, meaningful benefits, for his clients! Will agent and client, be, on the same – page, from the onset, in order to proceed, with greater efficiency, effectiveness, and focus? Will they come, to a meeting – of – the – minds, so their beliefs, are mutually beneficial, and relevant? Remember, the individual you hire, must bring – it, every day, with the finest, possible, energy and focus!

2. Empathy; emphasis; energy/ energize: When one proceeds, with the utmost degree of genuine empathy, by effectively, listening, and learning, what his clients need, and prioritize, he must place, the majority of his personal emphasis, where it, will benefit his clients, the most! You need, someone, with the degree of personal energy, which is maintained, throughout the transaction period, regardless of any challenges, thrust in your way! Great agents energize their clients, reducing the stress, tensions, and strains, of this event!

3. Truthful/ trust; timely: Homeowners must feel comfortable with, and trust, the individual, they hire! One earns this trust, by a combination of many factors, and maintaining, genuine integrity, throughout! Actions must be, consistently, timely, and responsive, because, procrastination, is the enemy of, effective representation, and service!

4. Time – tested: There’s no reason, to, reinvent the wheel! Using time – tested, techniques, in a skilled manner, is the most productive, efficient, approach!

5. Endurance; excellence: There will, nearly always, be certain obstacles, thrust in the path, of pain – free, stress – free, representation! He demands his utmost degree of personal excellence!

6. Realistic; relevant; reasoning: When all parties, proceed, with realistic expectations, and logical pricing, the transaction, gets off, to the best start! Only, when agents use relevant techniques, ideas, etc, and explains his reasoning, to his client’s satisfaction, does the homeowner, receive the top – notch, service, he deserves!

Do you want to be a BETTER agent? Are you willing, to do, everything, possible, to achieve the best, possible results?

Immobilienmakler Heidelberg

Makler Heidelberg

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Source by Richard Brody

Is Selling Your Own Home Right For You?

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In this DIY (Do It Yourself) age, it is no surprise that many consider selling their home on their own when they are ready for a move. There can be some great benefits – lower cost; more control; a chance to “test the waters” – but there are many pitfalls too. In the US, For Sale By Owner (“FSBO”) transactions accounted for 10% of home sales in 2011 but sold for considerably less (up to 25%) on average than agent-assisted home sales. [1]Other than the possibility of a lower selling price, consider the following if you are thinking about listing your home on your own:

Time and effort involved

Roll up your sleeves and prepare to spend significant time preparing your home, researching the market, developing sales strategies and marketing materials, answering calls, showing your home, and eventually managing negotiations and paperwork. Realtors have well developed tools at hand and typically have a team of resources to count on, including front office staff that may be available 24 hours a day. It all looks easy, but the work is surprisingly detailed and complex and mistakes can be expensive.

Pricing it right

Pricing correctly can be a challenge for anyone, but when you are emotionally attached to a property, it can be even more so. Too low and buyers may be suspicious; too high and your property will sit while others around you sell. Realtors rely on current and historic market data along with industry and marketing experience to help establish the right price for a motivated seller. The right price for a well-staged home can have a significant effect on attracting a high number of qualified buyers; and that leads to a sale.

Legal and financial implications

How much should you disclose about that leak or buried wiring? What about the well and septic system? The insight and paperwork involved in putting together a secure and binding sale agreement that protects both parties is considerable. Professional Realtors, their Associations, and their Brokers have the training and experience required to identify potential issues along with developed contract language to help ensure your interests are secure. Major problems that are not visible and remain undisclosed can lead to litigation and other costly consequences. Missing clauses in a contract can have the same costly effect.

Needless to say, there are many FSBO success stories, however, we have all seen FSBO signs that linger on a front yard for what seems like months before being replaced by a Realtor’s sign. If you have time on your hands and want to “test” the market, a FSBO strategy may work for you. But if you are a motivated seller with a deadline and top dollar in mind, then perhaps a Realtor is your best bet. I have worked with more than one FSBO client who was exasperated with the process – “… never again!”

[1] National Association of Realtors, 2011

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Source by Thom Gallagher

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