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Posts tagged ‘home selling process’

Importance of Curb Appeal in Home Selling Process


You have decided to put your House on Market. Your house for sale needs to start selling the movement prospective buyer parks the car. It is important that just like inside, you home for sale looks appealing from outside too.

Curb appeal means, the impact your house can make when seen from outside. If exterior of your property is tidy and well maintained before you decide to listing on MLS, prospective buyers will walk in with a pleasant feeling of expectations. But if the lawn is shaggy, weeds are popping all over, you have a old non painted original builder door, there are multiple cracks showing up on your front porch, paint of garage door is peeling off, the doorbell is not working or you have a sunken driveway, then home buyers will be entering the house with a negative feel, expecting more issues inside.

Selling starts from the movement they are outside your property and by not keeping up your curb appeal appealing enough, you have just degraded your home value. As for a home buyer, who is non sensitive to your home listing with create a judgment on your property within seconds. Many times if this judgment is too negative, they may decide not to even bother looking at that specific property from inside.

So spending some time outside your property is always a good start in a home selling process. Keep in mind that a small budget dedicated to fixing outside issues can go a long way in supporting your home value and help in selling your home faster. Infact based on our years of experience, we believe that enhancing the curb appeal is one of the highest return on investment, when you decide to choose on most important renovations to do during home selling process or preparations.

So start with a checklist on the problems you can find outside your house. As yourself, you may not notice the problem being used to seeing it everyday, ask a friends help or best your listing real estate agent. A diligent and experienced real estate agent can easily pin point the issues effecting your curb appeal and suggest you the cheapest solutions available which will cost the least.

What do real estate agents do in home selling process?

Were you looking to listing a home and wondering what do real estate agents do in home selling process?

Home Selling is a specialized process for which real estate agents are trained through a provincial licensing program. It is not just about putting a lawn for sale sign and printing a good flyer for your home……there is a lot of work involved in home selling process.

As each real estate agent is independent contractor and have his own level of expertise based on his training, experience and capabilities, there is no standard process to be followed in home selling process. All qualified real estate agents will have their own home selling skill sets, which will differentiate them from others.

Who Pays Real estate commissions?
First most important thing which you need to understand before listing a home is that main decision maker in any sale & purchase is the BUYER i.e. party with money in their hand. So, even though it may sound that you are paying the cost of selling…..end of the day these are monies are paid by Buyer, which also includes selling cost. You charged him purchase price which includes selling cost. So, please don’t just concentrate on saving real estate fees, there is a lot more to this equation which is equally important. Still selling cost is an important part of the whole transaction as you don’t want someone who is asking for too low home selling commissions….which is far below normal charges…..you got to take it with pinch of salt, as home selling process requires some time and efforts dedications, which real estate agents can’t give if there is nothing or too less on the table for him. Nor you want to stick to 2-3 top real estate agents who only believe in charging full commissions just because he/she gives a full page add in news paper….as that will raise your selling cost which buyer may not be willing to pay. There are lots of experienced real estate agents who will charge you discount real estate commissions without discounting their packages….look for those.

What do real estate agents do in Listing a home @ right price?
You don’t want to be listing a home at over or under price…..you got to list it at right appraised value. This important figure is very important part of home selling process. You can’t judge it alone based on house price sold next door or lane. Real estate agents will do a professional appraisal and give you a more accurate free home evaluation to help you list your own home at right price.

What do real estate agents do to make it present the best?
Home Selling is all about proper presentation. Not just based on what you think is right but what people like to see in their home. This may involve some fix up’s through renovations or maybe doing a proper home staging. Though all real estate agents have same basic qualifications……they still get distinguished here, as very few real estate agents have eye for what are weak points in a property and for their client convenience have already shortlisted contractors who are good to handle that specific job. Once this part is done…..then the property needs to be presented to its best for which few top real estate agents will have tie ups with home staging companies or experience to help themselves to make your house present the best.

What do real estate agents do for home selling marketing?
Listing a home is done now what about the home selling marketing? 80% of the home search starts online…..so internet home marketing is important step in achieving the desired results. There are fewer real estate agents, who have strong presence online home selling marketing plans to give maximum exposure to your property. A professionally done virtual tour for homes is very important, as that is what will convince buyers to spend time on viewing your property. Plus if your property is not present on 1st page of major search engines……it is as good as not existing. As all agents don’t have the expertise more home selling marketing infrastructure in place to achieve such results, you need to be sure that the real estate agents you choose, have such capabilities. This is over and above the regular marketing required like listing on MLS, printing flyers and doing open houses.

What do real estate agents do other then all above?
After listing a home with strong home selling marketing plan, you finally get few prospects. Your qualified and experienced real estate agents will qualify the buyers to make sure they can afford the property and are qualified buyers. Your real estate agents will handle all relevant sources of prospects and bring forward only the ones who are most serious. Thereafter starts the negotiation process, which if not handled properly can make you go 1000s in minus. Negotiation is not just on price but on terms and conditions within a written contract. Experienced & Qualified real estate agents are expert in negotiating without getting emotionally involved and know which conditions are important to protect your interest and/or are fair or unfair. Once contract is finalized and deal is firm, real estate agents will provide you support till the completion of your transaction and answer all the queries/concerns which are raised by either of the parties involved.

Just like doctors and lawyers, real estate agents also expertise in their profession and provide you professional representation in Listing a home and guiding you throughout the home selling process.

Home for Sale by Owner – An Entrepreneurial Venture for the Seller

Home for sale by owner is one of the options available for people who are looking to sell their own home. People who generally adopt this option for selling, their main intention is to save on selling costs i.e. Do the job of a Real estate agent yourself. This is a particular procedure that calls for great deal of efforts on your parts. There is a good deal of preparation to be made before you jump into project where mistakes equal to loss of money. At the same time there are some documentation procedures which are going to take some good amount of time on your part before you finally decided to list your home for sale by owner. So before you make a plunge into such an act you have to get the fact that it is going to be a time consuming venture for you.

Most important starting point is Pricing your Property!
Before you proceed into a home for sale by owner you need to grab a few details first. In the first place you will be required to keep an eye on the market pertaining to the insertions of property sales. As a matter of fact, in most cases these advertisements do not generally get flaunted or flushed in the newspapers or internet or TV that much. You are to get that info from the bee hives. Generally it is the agents who are in perfect knowledge of where to get this information from. However as you are working alone you will have to take that burden on your shoulder. A Formal Appraisal can be solution.

Handling Agreement Clauses
In a business deal such as a Home for sale by owner you will be required to keep unfailing eye on some other crucial aspects as well. For example other then the sale price you will have to take care of your own interest when it comes to various legal clauses which are added in the agreement of this type. There will always be clauses which are reasonable and there are ones which may be huge hindrance to your interest in this whole real estate transaction. If you have decided to put your home for sale by owner, best is to consult your lawyer every time you get a written offer, before you put any signatures on the paper. Home selling is not same as selling cup cakes….it is one of the biggest transactions of your life, which you have decided to handle yourself. So, please don’t try to save on lawyers fees, which you may require to pay for additional consultations as above.

Be very careful about the payment procedures
Payment procedures are very crucial in real estate transactions, as amounts are large. As you have chosen the option of home for sale by owner for selling your property, you will have to take some extra measures of precaution, as you can’t use regular real estate forms, which have a lot of pre printed legal material written on them to protect both the sides. What, Why & When are important to make sure about the money exchange procedure.