Posts Tagged ‘selling your home’
Tips in Selecting Your Realtor
The thought of selling your home may be easy as you only have to put it up for sale; however, there are a lot of things that you have to consider though if you want to sell your home. For one, you have to make sure that all bills are paid, especially the taxes. Two, you also have to make sure that the house is clean and attractive so as to catch the attention of potential buyers. Three, you also have to give a good price that will not only be attractive to your potential buyers but one that will also give you some profit. These are just some of the things that you have to take into consideration when selling your house. For this reason, many homeowners resort to availing of the services of a realtor to help them sell the property. Now, if hiring a realtor is one of your options, then here are some tips that can help you select a good realtor.
One of the biggest mistakes that many homeowners do when it comes to hiring a realtor is choosing the first realtor that they talk with. This is a very big mistake. In fact, it is recommended that you talk with at least three real estate companies or agents before making a choice. This way, you get to check out their qualifications and background in the real estate industry, and “shopping” for realtors will also give you a chance to interview the different companies so as to make a better and more informed decision. Remember, you would want to make the sale run smoothly and get a good profit in return, so checking out different realtors before choosing one is a must. In conjunction with this, you should also know that it is your right, as the seller of the property, to terminate your contract with the realtor and choose another one, should the need arise. For this reason, one big advice in choosing your realtor is to go for the one that makes you feel comfortable.
Another tip in selecting your realtor is to know if the realtor is licensed and has the proper credentials to conduct real estate transactions, depending upon the State where he or she is working. If he is working via a real estate company or agency, it would be to your advantage to check out the background of the company and know its credentials and licenses, more so if the realtor is working alone.
Your realtor is going to represent you to your potential buyers, so be sure to choose a respectable, reliable, and legitimate realtor.
Should you Sell your Property “as Is”?
Selling your home “as is” can have some large benefits as a seller, but it can also have some major drawbacks if handled improperly. Should you choose this option, there are some strategies involved that may help you avoid problems when you sell.
“As is” means exactly what is says, what you see is what you are buying. Basically the seller isn’t planning any work to fix up, clean, or repair any damages that exist. There are many instances where selling “as is” is the best option. There are also times when a seller should rethink their intent for selling with such a title.
If you are selling you home “as is” simply to avoid the liability of having to disclose the defects in a building before selling, you should seriously rethink. Sometimes shady brokers insist on this trick, run the other way!
You must understand as the seller that while selling “as is” means you get what you see, it doesn’t mean the buyer gets what he can’t see. Complete disclosure is still required. Selling “as is” doesn’t interfere with the requirement of disclosure. Normally the words “as is” are written boldly in the sales agreement and are initialed by the buyer so no one can later claim they didn’t know.
If you are selling your property “as is” it is important to understand that selling “as is” refers to warranty, not to disclosure. Simply, if you sell “as is” but fail to disclose all of the defects, you will likely be in hot water. You could end up paying for total repair of any undisclosed defects.
The major pro to selling you home “as is” is that the seller doesn’t have to deal with a problem that is so overwhelming, or expensive. Another upside is that it attracts buyers from all angles, whether it is an investor looking for a fixer-upper, or a low-income family looking for a great deal.
Purchase an advertisement in the local paper and note you are selling your property “as is.” Also expect to receive many low ball offers.
Just as there are pros, there are also cons to selling your home “as is.” The main reason people invest money into an “as is” property is because they can usually expect to get a great deal on the home initially. You are almost never going to get the full asking price for an “as is” property; buyers want to be compensated for the fact that they won’t have any sellers insurance on the property.
There are a few sellers who will cover the crack in the wall with a little glue and paint, and hope it holds up. Be especially cautious for these types of sellers.
Buyers tend to be more suspicious of a home that is listed “as is.” They think there is something that you aren’t telling them, and even after they buy it, are still looking for things to be wrong that they didn’t see before.
In many cases you will save more money by fixing the problem before you put it on the market. The amount you spend on repairs is usually significantly lower than the discount you will be forced to give a buyer.
Joe And Colleen Lane
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