Sell Your Property to Cash Buyers For Fast Cash

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Do you want to sell your property fast? Do you have any idea how long can it take? A lot of people in UK want to sell their properties, be it a residential house, apartment or a land; the fact is: not all of them end up making a good deal! You should have a fair idea about the market and other related aspects of property selling. So you have to do your homework, understand the process and then only you would be able to make a profitable deal! Then how can you make the entire process short, simple and fast?

People may want to sell their house due to many reasons. Those who need fast cash cannot wait for long; cash buyers can help people who want to sell off their houses quickly. Here are some situations when people need quick cash

Reasons why people go for a fast sale:

1] Upgrading: People may want to sell off their house in order to buy a new property. This group of people usually needs a temporary shelter for the time span between selling the old property and buying the new one.

2] Financial Difficulties: Due to a downturn in real estate market value of property may begin to reduce; a lot of people sell off their property before the market deteriorates further. Sooner you close the deal higher is your profit margin.

3] Repossession: Home owners who are unable to pay off their mortgage may want to sell of their house to avoid repossession.

To sell your house you may require money in hand very fast; steps like doing a market research, finding a home buyer, taking proper care of all legal aspects of the deal, refurbishing the house to attract buyers will just elongate the process. Is there any easy alternative? Yes there is. You can contact cash home buyers to sell your house really fast, even within 48 hours!

Who are Cash Buyers?

Cash buyers are independent property buyers with experience in property and finance related matters. They buy directly from you. Cash Buyers will buy your property for fast cash. Once you or any other home owners contact them, they will offer a free, no obligation quote instantly. If the seller agrees, they will finalize the deal within 48 hours.

You do not need to remodel or retouch the house before selling. Cash buyers purchase properties without considering its condition. Even if your house is under repossession, you can sell it off to cash home buyers easily.

Since the property buyers sell off or rent out the houses they buy, you can go for sell and rent back option and avoid the hefty process of relocation if required.

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Source by Caroline Lee Smith

Tips On How To Sell Your House Fast For Top Dollar

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It’s the dream of every person looking to sell a house to sell it as soon as possible and at a high price. Unfortunately this is not the case. In some cases it can take you up to a year before you get a prospective buyer. While its tough selling a house, it doesn’t mean that you can’t sell yours fast and at a high price. Here are tips that will help you do it:

Prepare your house for sale

There is no buyer that will buy a mediocre house. You need to ensure that your house in good condition. One of the things that you should do is keep the house spotlessly clean. Give all areas of the house a thorough cleaning. For a better job, hire a cleaning company to help you out. When cleaning, pay attention to smells.

If you are still living in the house, don’t cook bacon during the day that you are showing it. This is to prevent it from smelling like a fast food restaurant. Also remember to paint the walls and get rid of your personal effects.

In addition to giving attention to the inside of the house also consider the outside. An easy way of giving life to the outside of the house is mowing the lawn. Also plant or place flowers at strategic areas of the house.

Sell your house with a realtor

Once the house is in good condition and don’t want to go the hard way of advertising the house, work with a realtor. When finding a realtor, choose one that has been in the industry for long as he/she understands the ins and outs of the business. He/she also might know people that might be interested in buying the house.

In addition to the professional helping you sell the house fast, he/she will also guide you on the areas that you should fix, clean or remove. This is to make the house more attractive for selling.

According to studies, most realtors sell houses on an average of 6 months. This calls for you to brace yourself to be in the market for at least six months. Also be ready to pay the realtor a 6% service charge.

Sell to a real estate investor

There are many real estate investors in the market that buy houses, renovate them and later sell them. Most of the investors will visit your house and analyze it in order to find its value. They will also identify the areas that need to be repaired/ renovated. Investors are good to sell to if you are in urgent need of money. When working investors be cautious as some of them might try to rip you off. To sell the house at top dollar, repair the house by yourself.

Conclusion

These are tips on how to sell your house fast and at a high cost. Regardless of the professional that you work with, ensure that he/she is experienced and reputable.

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Makler Heidelberg

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Source by Idd Aziz

The 5 Steps to Selling Your Home on Your Own

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While it’s not always advisable, it’s definitely possible to sell your home on your own – in other words, without a Realtor. If you’re organized and follow the steps below, you can potentially save 2-3% in Realtor commissions. On an average home price, this means savings anywhere from $3000 – $4500!

Now please keep in mind: this will mean spending around $1,000 up front to really do everything correctly. You can simply look at this as an investment in saving money, however, once you actually sell the home.

Step 1 – Get your home professionally inspected.

Depending on the size of your home, this will cost anywhere from $200 to $400. Almost all buyers will get a home inspected, but I recommend you – the seller – do it yourself before putting the home on the market.

The reason for this is simple: you need to know more about the home than your buyer does when it comes time to negotiate price.

Normally the home goes under contract at a specific price, then the potential buyer gets the home inspected. This puts you, the seller, at a disadvantage. The reason being, it’s better for you to know any potential problems when you are pricing the home, rather then finding them out once you have a buyer.

Let me put it this way: do you know if your home is wired up to code? Unless you’re an electrician, you probably don’t. Now think about this: which would be better, for you to know that your home isn’t wired up to code and price it accordingly, or for you to find this out after a buyer has your home under contract?

In a home negotiation, knowledge is power! It’s worth $300 to get the edge in this department.

Also make sure you get a termite inspection if termites are an issue where you live. Termites can destroy your home quickly, and many times you won’t know this until it’s too late. The good news is most termite companies will inspect your home for free as a way to earn your business. You can even have more than one company do this inspection.

I recommend you do these inspections before you do anything else. The home inspection usually takes about 3 hours, and the termite inspection takes about 1 hour. Other than letting the inspectors inside, you don’t even have to be present in the home! Most inspectors can schedule their work to be completed within a week’s time.

Step 2 – Get three contractors’ bids on each major item that needs repair.

After the inspections, you will know what’s what. You then should consider repairing major items. These include: foundation, electric, plumbing, HVAC, framing, and roof work. If any of those things show up on the inspection report, get three different contractors to look at the issue and give you a bid. Make sure you get these bids in writing

Additionally, you’ll want to bring in contractors on any big cosmetic issues. If you have old carpets, holes in the wall, broken windows, etc, you will want to know what is costs to fix or redo them.

Now, none of this means that you need to actually fix anything. This depends on how the housing market is doing in your area. If homes are selling quickly, I recommend not making any repairs and just selling the home “As-Is,” with the cost of these repairs subtracted from the price.

If it’s a tougher market for sellers – or what’s often known as a “buyer’s market” – then you may need to look at getting the major items fixed or allowing for an additional “repair allowance.”

This will be a big help in your price negotiation. If your buyer brings up an issue, you will already have contractor bids in hand. You can simply adjust the price in a way that works better for you both. Plus, when you show that you’ve done your homework, a buyer is usually less likely to resist in whatever price adjustment you offer.

Step 3 – Find out what homes are selling for in your neighborhood.

I emphasize the word selling as it doesn’t matter 1) what a home is listing for or 2) what you think it’s worth. A home’s value is what a buyer is able and willing to pay for it.

You may need to consult with a Realtor to find out what other homes have sold for. Many will be happy to do a market analysis and let you know a good selling price for your home. This does NOT lock you into working with that Realtor, but make sure you let them know in advance that you are going to sell the home on your own. That same Realtor can always find you a buyer, so doing this number analysis can benefit both parties.

Pricing the home correctly is critical, so you need to also factor in the price of any repairs needed. My suggestion is to simply subtract their cost from your asking price and sell the home “As-is.”

Having the bids from contractors about the repair costs will help show your potential buyer (and the buyer Realtor involved) that you are serious and organized. It can speed up the selling process as sometimes the buyer won’t even require a new inspection, and this open transparency on your part is the key to getting a deal done fast.

Step 4 – Clean, de-junk, and stage your home

You want your home to be as clean and clutter free as possible. If this is easy for you, then by all means do it yourself. If not, I’d recommend “Got Junk” to get rid of any clutter and then a cleaning service.

You want as few of your own personal items in your home as possible. You might even consider renting out a storage place for a few months as well.

You want to stage your home which basically means removing personal items and arranging your furniture in a simple way.

The basic idea behind staging is that your potential buyer will start to “see” their own furniture in your house. Once this happens, they’ve started to buy your home already. It might sound strange, but homes that are staged sell 79 percent faster!

The other benefit of doing all of this is that it will make your move much easier. Let’s face it, you need to get rid of that junk sooner or later anyway. So why not do it before you move out and make a faster, more profitable home sale along the way!

Step 5 – List your home on MLS fee sites and all the other important online places

One of the best things that a Realtor can do for you is list your home on the MLS (Multiple Listing Service). There are Realtors out there that will do this for a small fee (usually around $200). They take no commission, just the upfront fee. This will expose your home to all the Realtors who have buyers.

The second thing I recommend is to put your home on Postlets. It’s a free site that will put your home on Zillow, Yahoo, and Craigslist. These sites have a huge number of potential buyers for your home.

The last thing you may want to do is put up a “For Sale By Owner” sign. Some people prefer not to do this for various reasons related to privacy and safety. I personally don’t think it’s too important to use a “For Sale By Owner” sign unless there are a lot of car and/or pedestrian traffic near your home.

The most important thing once you’ve done the previous 4 steps is to make sure as many qualified buyers as possible know about your home. By putting your home on the MLS and Zillow you are making serious homebuyers aware of it.

If you want to minimize tire kickers even further, you can opt to only show the home to buyers who can prove they are pre-approved by a lender or have enough cash to buy your home outright. Serious buyers will have no problem doing this, especially if it’s a competitive market.

Conclusion

Those are the five crucial steps I’ve used on every site built and mobile home that I’ve sold. The vast majority of the homes have gone under contract in less that 28 days, so it’s worked well for me – it should work for you as well!

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Makler Heidelberg

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Source by Carter Fisk

What If You Can’t Find a Buyer When Selling a House By Owner?

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One of the problems you might encounter when selling your house yourself without an agent is not being able to find a buyer. This can cause all sorts of problems like having to make your payments on the house… which is even worse if the house is vacant. Another problem if the house isn’t selling is you might not be able to move to a house you wanted to till the current one is sold.

Of all the reasons a house might not sell when selling it yourself, there are 2 that make up the majority of issues that will prevent you from finding a buyer.

1. The Price

If you price your house too high about market ranges, you’ll find yourself with a limited supply of buyers who will pay over market rate. This is even more important in a regular to slow market. Sometimes during really hot, bubble markets, it is possible to get a higher price from the “buying frenzy,” but generally those periods are far and few. For the majority of time you’ll be in a normal to slow market where you’ll need to be competitive to attract buyers in that economy.

Now if you don’t know how to price your property to sell quickly, here’s an easy way to figure it out. Go to online real estate sites such as Realtor.com or Zillow.com and find 3 to 5 houses in your neighborhood that sold in the last 6 months. For each sale, take the sales price (not the listing price) and divide it by the square footing to get price per square foot. Take the 3 to 5 price per square foot number and add them together, then divide them by the number of properties you used to get the average price per square foot. Then take this average number and multiply it to your square footage and get a round price. Take this price and multiply it by 0.98 and this should get you a pretty accurate price on what your house will sell for. Now if you have some big upgrades or additions, or your house isn’t similar to the ones in your neighborhood, you’re going to have to adjust for this. Otherwise, this simple formula will get you close to the price you need to be at for a quick sale.

2. Marketing

The second most important aspect in selling your house by owner is doing aggressive marketing. Now if you listed with an agent, and they were on top of their game, you wouldn’t have to worry about it. However, if you are handling the sale by yourself, then you will have to get your property information out there… and in a compelling way. Meaning, you need to focus on the benefits of why buyers would be better off buying your house rather than the all the other properties on the market. Most folks just put out an ad in the their local paper’s classifieds (which don’t draw nearly the attention they used to) or just put up a few pictures and a description on Craigslist and expect their phone to be ringing off the hook. The reality, however, is much more different.

Of all the ways you can market your house, including listing it online in different housing sites, nothing beats signs. Pound-for-pound, signs will get you the biggest exposure of qualified buyers. The key is do them right. This means hand drawn, ugly signs put up on busy intersections using the right words that get buyers to pick up the phone and call you. Also, having a hand written sign, preferably on bright colors, in your front lawn will get you a nice volume of interest from eager buyers.

There is one other factor, though not well-known about, that can get your house sold fast for full market price… even higher sometimes. And that is selling with a lease option (also known as a rent-to-own). This is simply giving a qualified tenant/buyer 12 to 24 months to qualify for a mortgage. As you know, mortgage standards have gotten extremely tough these days. And many good folks, who have the income and are qualified, just get approved yet. You simply provide them a lease term to get their financing in place so they can close you out for cash when their loan goes through. Selling rent-to-own like this is also good since you net full market price, as you don’t pay any commissions or fees when they cash you out.

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Makler Heidelberg

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Source by Ron Simon

FSBO – How to Make Sure You Sell Your Own Home Fast

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Selling your house doesn’t have to be hard. Homes that are FSBO, Homes For Sale By Owner, is a great way to sell your house because you cut out the real estate agents and nasty commissions they take. However, in order to sell your house you do need to know a little about how to present your property and attract buyers. Throwing a FOR SALE listing up somewhere probably won’t stir up much interest and you’ll need to pay attention to the kinds of pictures you use and what information you put in your listing so you increase your chances of someone seeing your ad actually being interested and wanting to take a look. Don’t worry, none of this is really hard and you don’t have to be a slippery car salesman to sell your own house. All it takes is a little common sense and attention to detail.

Your listing needs to be informative. Think of what you would want to see in an ad if you were looking to buy a house. Pictures are a must in any listing and everyone knows that, but what most people don’t know is that you need to be careful as to what kind of pictures you use. You don’t have to show a picture of everything in and around your house. Show the most important and essential ones that would make someone want to come and see more of your property. Pictures of the shower or bathroom really aren’t needed. If anyone is seriously interested in buying your house, they probably won’t buy it just for the bathroom. Also be sure your pictures look good. How is the lighting? Are they too dark to make out what the picture is of? Make sure you label and give your pictures adequate descriptions. People want to know what they are looking at, it may seem obvious to you but that’s because you are the home owner.

Beyond making sure you have good pictures with good information, stop and think about what is in the surrounding area. Do you live in an area that has a famous landmark or scenic spot? If you’ve lived in the area for some time, it is possible that the tourist spots seem boring and out of date, but remember that many people looking to buy houses may not even be from your area and might be really interested when they find out what’s in your immediate area.

The key here is that you really need to try and make your FSBO as attractive as possible. Do you remember what you did the last time you went and bought a house? Did you buy the first one? There is probably a very good chance you looked at multiple homes that were for sale even before you began to decide on what you were looking for. There is probably also a very good chance that if a listing looked dull and uninteresting you just didn’t bother to call up and make an appointment to check it out. FSBO advertising can be very effective provided you pay attention to the above tips and just remember that the only way you’ll be able to create interest and sell your house is with an effective listing.

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Makler Heidelberg

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Source by Jolon Warren

Two For Sale By Owner Deal Killers

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You’ve just negotiated a deal with a buyer and have a signed sales contract. The good news is that you’re almost there. The bad news is the finish line is still not as close as you think. Even though you and the buyer have agreed upon a price, there’s still room for the deal to fall through. Two big parts of the transaction still lay ahead – the inspection and the buyer’s mortgage.

Home Inspection

With most standard sales contracts, the buyer will request that they be allowed to perform a home inspection. If this inspection isn’t satisfactory to the buyer, the deal could die right there. There are three major types of inspections that the buyer can have completed.

  • Termite Inspection. Depending on your state’s laws either you or the buyer could be responsible for the termite inspection. If it is your responsibility as the seller, then you must have a letter from a licensed pest control company that states your home does not have any termites. Whether you or the buyer pays for the inspection, it is your duty to clear up the problem before closing.
  • Roof Inspection. Should the roof inspection result in repairs to be completed, you are required to cover the repairs.
  • General Inspection. This is an inspection of major appliances, air conditioning, heating, plumbing, and electrical systems. As the seller, you are required to repair or replace any of these items that fail inspection.

Avoid inspection problems by having your own inspection completed before you put your home on the market. That way you have time to make the repairs before a buyer’s inspector catches them.

Alternatively, you could sell your home “as is.” Such a stipulation must be included in the sales contract and lets the buyer know that you won’t be fixing any problems that may arise from any inspection.

The major drawback to selling your home “as is” is that any potential buyer will assume that you know of problems in your home that are too expensive for you to fix, thus making them extremely reluctant to want to even make an offer. If they do, don’t be surprised if it’s significantly lower than your asking price.

Mortgage Pit Falls

Your buyer’s ability to purchase your home is contingent upon his or her approval for a mortgage. If the buyer does not get approved for a mortgage that’s large enough to purchase your home, the deal will fall through unless you’re willing to lower the purchase price. Without financing, it is impossible for the buyer to purchase your home.

What can you do to avoid this problem? Make sure all buyers are pre-qualified before you begin negotiations. Ask prospective buyers for a pre-approval letter from a lender. Serious buyers will already have gotten pre-approved for a mortgage. Make sure the amount the buyer has been pre-approved for will cover the sales price of your home.

You might also work with the buyer to obtain financing. If you are working with a real estate attorney, he or she might be a resource that can assist the buyer in contacting a lender or mortgage broker. Alternatively, you can contact a local real estate agency to get recommendations on lenders or brokers.

Just because they’ve been turned down by one lender doesn’t mean that another won’t approve them for a loan. Be patient and keep working.

As a Realtor I’ve seen my fair share of home sales fall through because of failed inspections and lack of financing.

As an owner, you’re in control of the inspection. You can choose to fix any and all problems that an inspector finds.

Financing on the other hand requires a significant amount of faith, and often times hope. So while you’re waiting for the a buyer’s financing to be approved keep your home on the market and continue to work for offers in the hope that you can end up with a secondary offer that you can fall back on if the original offer falls through.

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Makler Heidelberg

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Source by Adam E. Holberg

Why Flat-Fee MLS Service Is Best For You

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For sale by owner or FSBO are those that sell their property on their own without the help or with just a very little help from real estate brokers. The main reason why there are people who would like to sell their own property without the aide of a broker is simple, because they want to save on the sale and get more profits from the sale. The danger however of selling the property on your own, especially if it is your first time to sell real estate, is the fact that you do not have the same skill set and experience as that of a real estate broker. On top of that statistics would show that majority of those selling their property on their own as an FSBO fail and reverted back to hiring the services of a real estate broker.

However, today, there is a service that could help a property owner sell his property with the help of a professionals in the real estate industry without having to pay a huge percentage, instead he would just have to pay a flat rate. This service is called flat fee MLS, this service would provide you several real estate brokerage services that would only require you to pay a flat subscription rate. We have outlined below the different reasons why this service is best for FSBO.

  1. Provides Real Estate Brokerage Services – although as a FSBO you will still have to do most of the work, flat-fee MLS service will provide you with the essentials. Like having your property listed in hundreds of MLS Listing sites which is only accessible to real estate brokers. By doing this you are potentially putting your property in front of thousands if not millions of potential and interested buyers.
  2. Flat-Fee MLS Provides Offline Services As Well – how do you capture the attention of passers-by who are also potential customers? You place a for sale yard sign in your property. This service can provide you with this service still by paying a flat-rate. Which means as an FSBO you do not have to make the yard sign on your own, the flat fee MLS provider will do that for you.
  3. Affordable Fees – this maybe one of the biggest reasons why as an FSBO, you should be getting this service to help you sell your property. The subscription fees for flat-fee MLS is affordable, in fact it starts from $99 three months subscription and you get all the services and then some.
  4. Great After-sales services – most reputable flat-fee MLS companies would have an after-sales service where you will be able to get live customer support for when you encounter problems with your subscription or if you want to change things in your listing. Not to mention the fact that some providers have a money-back guarantee to make sure that you are secured with the investment that you have put in. These are some of the reasons why you should use flat-fee MLS service to help you in selling your property. Of course every provider is different and one is always above the other in terms of the services that they provide, so you have to choose the provider that is reputable and trusted.

Immobilienmakler Heidelberg

Makler Heidelberg

Immobilienmakler Heidelberg
Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
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Source by Vincent Tabor

Real Estate Online Marketing Plan – Part 6 – How to Use a Free Follow-Up System to Get More Leads

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You’ve learned that with email addresses captured from website visitors you can put in an automatic email follow-up system. You’ve learned that the majority of website visitors who give you emails and become part of this follow-up system will eventually become your customers.

Wow. It’s like a marketer’s dream come true. Actually, it IS a marketer’s dream come true.

Here’s why:

1. You don’t have to spend any time with an email follow-up system. Once it’s set up right, you forget about it and just answer phone calls from all the prospects calling you. (We can load in 52 emails in the system so every new visitor gets a different email from you every week for a year, automatically.)

2. It’s free. Again, once it’s set up, your emails are sent out without any cost whatsoever. Given the prices of stamps and stationery, this is important. Plus it frees up marketing budget dollars for other things that are effective.

3. It’s automatic. By this I mean: you can’t mess it up by not doing what you’re supposed to do.

OK, I know how it works: you’re supposed to make follow-up calls and mail follow-up letters, and send newsletters to your “list.” But it doesn’t always happen does it?

Why is it that we always seem to find a dozen other things to do when we’re supposed to be following up with prospects?

Well, don’t worry about it. Now you can have your follow-up machine do all the dirty-work for you. And it never makes excuses or finds something else to do instead of sending your newsletters and emails.

If you do only one thing with a website, capture visitor emails. If you do only one internet marketing activity, make it this: put in an automatic email follow-up system.

If you do it right you could be the laziest millionaire Realtor the world has ever seen.

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Makler Heidelberg

Immobilienmakler Heidelberg
Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
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Source by Leo J. Vidal

FSBO’s: Sure Fire Market Appraisal

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Do you want an absolute way of getting a Market Appraisal for your home, without much muss, or fuss?

Here a Simple SolutionFor A Market Appraisal:

What I’m about to suggest is like winning one of those 4 day/3 night vacations to a great time-share resorts. Your getting a 4 day and three night stay, but you pay for it by attending a 2 or 3 hour “presentation”, by the time-share sales team.

As long as you have the stamina to withstand the sales offers, then you can enjoy the benefits of your vacation!

It’s not quite that bad, but it is similar. What I’m suggesting is to call, 3, or 4 local real estate agents for a “free” market analysis.

Have them bring their presentations to your home, sit through those presentations and if your will power can withstand their offers to let them sell it for you, they will each leave you with their market analysis.

Once they’ve left and at YOUR convenience, gather the 3, or 4 analysis’ together, read through them carefully and with a piece of paper and pencil, close by, go through them and write down what common thoughts they all offer and as importantly, where they differ.

Armed with this information, you should now be able to establish, what your competition is, in your surrounding neighborhood, what houses have sold in the relative short past, in your neighborhood and most importantly, what they each think your house should be listed (priced at). Along with that information, the reports will also contain photos, inside and out of each of those properties.

If any of their criteria, don’t agree, then simply add all 3, or 4 of their figures up and divide by 3, or 4, this should provide with their average agreed on listing (the price you should start from) price.

As importantly, their reports should tell you the listing price AND THE SELLING price of each home, for sale AND sold, in your neighborhood. With that information, just divide the selling (sales price) by the list (price you start off selling for) price and the result will be your expected percent off you should anticipate taking off the price of your home, in order to obtain an acceptable price for you.

This is all current information and good information, but still it is no more than an opinion and we all know what opinions are worth. But, if you are selling a home for the first time, don’t have a clue as to what homes (in your area) sell for and have no one, you trust to help you in this endeavor, this is probably the surest and best way to come to a general conclusion of your homes value and have someone else do the majority of the work for you.

Sitting through the “sales pitches” of each real estate salesperson won’t be the easiest thing you’ll ever do, but it’s not that hard either.

The wealth, you’ll acquire for that time spent will be well worth the aggravation. For your time and angst, you’ll be well compensated with a treasure trove of good information, that you can use to benefit you greatly and assure you of a smarter, more defined way to price your home and expect good results, based on a professionals efforts!

Immobilienmakler Heidelberg

Makler Heidelberg

Immobilienmakler Heidelberg
Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
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Source by Ray Morgan

For Sale by Owner – Blessing or Curse?

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Currently there is an abundance of real estate for sale. Nearly everywhere you turn you find “For Sale” signs peppering the landscape of communities throughout the nation. Newspapers contain page after page of real estate listings, while newsstands offer a bounty of magazines portraying every conceivable type of real estate property.

With so much real estate for sale it’s become a “Buyer’s Market”, meaning there is too much property available and not enough buyers. When a buyer’s market appears, homes take longer to sell and owners are forced to accept less money or sit on their property for longer periods of time.

A buyer’s market is good news for those who have money to invest in real estate. Investors can purchase property under market value and eventually sell it for a nice profit. On the flip side, a buyer’s market can cause financial discord for those who need to quickly sell their real estate.

Today, many people who have real estate for sale are opting to sell the property on their own. This is referred to as “For Sale by Owner” or “FSBO.” When a property owner offers FSBO, there is a potential to save thousands of dollars. There is also potential for financial disaster. Therefore, anyone choosing this route must take time to become educated about the process.

When placing a house on the market, homeowners must first establish its value. This can be done by hiring a professional appraiser. Real estate values are based on a variety of factors including location, condition, amenities, and comparison of similar properties in the area.

In addition to the appraisal, home inspections are required before a sale can be closed. Experts recommend obtaining a whole house inspection prior to listing the real estate for sale. This allows ample opportunity to make repairs and prevent unforeseen problems at closing.

Those who embark on the For Sale by Owner path should become familiar with sales contracts and real estate jargon. It’s imperative to learn negotiation terms and techniques and understand the legalese of closing and settlement documents.

The Internet provides many resources to assist homeowners in selling real estate. Most of the required legal forms can be downloaded for free or for a nominal fee. For Sale by Owner kits are available for purchase and include a variety of forms and resources. There are numerous websites where sellers can post information and photos of their home to attract potential buyers.

Selling real estate on your own puts everything in your hands. If you take time to learn the process before diving in, you can save yourself a lot of stress and a fistful of dollars. Education is the key to your real estate success, so don’t skimp on the process.

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Source by Simon Volkov

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