If you’re thinking about selling your home, you want the highest and best price. Because most people think that their home is worth more than it really is. They need an agents help.
How to Sell Your Home Fast (or not, if that’s your thing) attempts to show you how to sell your home fast for the highest and best price. The process makes putting a home on the market less stressful. And owners will have an easier time making decisions when it matters most.
Price it right by asking your broker to perform a market analysis. And look closely at the comparable sales of similar homes in your neighborhood that have closed in the last 90 days and take the number of available listings into account when agreeing to an asking price.
Let me explain why:
Homes that have failed to attract a buyer in a reasonable period of time may be overpriced.
Foreclosures or distressed properties in your neighborhood can impact your homes market value.
It never pays to set the price too high; most buyers will need financing and the bank will generally use an appraisal based on recent sales to justify the loan amount.
Most buyers screen available homes on the Internet, and new listings get 4 times more web traffic.If your home is priced too high when it hits the market, you run the risk that active, qualified buyers will scroll right past it.
New listings are called “hot“for a reason-buyers get excited about them. Showings are likely to cool off noticeably after the first 30 dayson the market.
When weighing an offer, make sure to consider the potential costs of holding on to your property longerthan you want or need to (including the mortgage, property taxes, insurance, maintenance, etc.).
If you are a first time buyer looking at homes in the San Francisco Bay Area, things can seem pretty confusing. It is important to understand what happens if you are a first time buyer or seller and you decide to cancel the first time home buyer contract.
Speak with yourlocal Realtor to understand the repercussions of the cancellation of the first time home buyer contract. There are various reasons that a home sale might not close including:
• Sudden anxiety about finances
• Rejected mortgage papers
• Finding another option
• Sudden lifestyle change
• Natural disasters
If you are a buyer:
If you are buying a home and for whatever reason decide not to go through with the buy,try to do so before you put it in writing. Before you sign the residential buy agreement, you are in the negotiating stages. There is no need to make a earnest money deposit at this point, so you won’t be losing any money.
I disagree with this argument completely because there are many ways of marketing a property effectively.
After explaining the pros & cons of not using the MLS to market their homes, ultimately it’s my clients choice to have their homes listed on the MLS.
I take this position because there are many other ways of marketing listing to other brokers and consumers. Let me explain how.
Marketing to my CRM
Postcard marketing. For about $50 I can reach every agent in the state..
Of course the different MLS’s around the country say no. Is it because they are afraid of losing all the fees they collect from us brokers. For very little value.
That’s why I was infuriated after reading an article by Doug Miller a consumer advocate. Who said “pocket listings exist to generate a double fees & deceive the consumer”.
So my question to Doug is why is it wrong wanting to earn more money?
All sellers are required to sign an agency disclosure form where the pitfalls of not listing on the MLS is explained in detail.
Always give full disclosure to your clients, explaining the benefits and well as the bad of pocket listings.
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