How do I choose an agent?
Buying or selling a residence is an exciting and often overwhelming experience, even for the seasoned homeowner. Therefore, when selecting an agent, the two main aspects are to find one that you trust and that you are comfortable with. Sometimes, the best source may be a third party- such as a friend or family member. Many of them have sold properties in the past and can refer you to an agent that they have found to be more than capable. Remember, selling a home is a complex transaction, so the agent's experience should definitely be taken into consideration.
What are the costs involved?
Fees vary depending on the type of property as well as what is negotiated within the midst of the sale. Your realtor will be able to provide you with an estimate in order to give you a better idea of what is to be paid as part of the sale. Some of these costs may or may not include:
What factors can influence the price of my home?
You want your home to sell for the highest price possible, but also in a timely fashion. Here are some factors that may influence the price of your home:
How do I negotiate?
Compare other homes in your area. DO NOT OVER PRICE - most buyers have many resources to compare with. The buyer will then submit what is considered a fair offer. Remember that double strength nails do not increase your homes price. If you need to reduce the price , buyers will submit an even lower price.
What are the dangers of overpricing?
When a property is overpriced, opportunity is missed. Both the broker and buyer interest is at its highest when a property is initially placed on the market. But, if the property is priced above a realistic market value, the excitement and number of showings are greatly reduced. Later, it may be necessary to adjust the price below market value to compete with new, competitively priced listings.
What factors can influence the price of my home?
You want your home to sell for the highest price possible, but also in a timely fashion. Here are some factors that MAY influence the price of your home – current real estate market conditions, the expertise and market knowledge of your agent, hard facts (such as lot size, condition of your home, etc.), desirability factors including location and special amenities, as well as your OWN level of motivation.
What can I expect to be my potential role?
Here are a few ways that your participation can contribute to a successful real estate turn out: maintaining the appearance and functionality of the property, ensuring the property is easily accessible for showings, communicating with your agent, remembering to remove and/or lock up any of your valuables, and always limit conversations with anyone about prices.
What are some of the costs involved with buying and selling?
Fees vary depending upon the type of property as well as what is negotiated within the midst of your sale/purchase. Your realtor will be able to provide you with an estimate in order to give you a better idea of what other factors may be involved.
What is Escrow?
Escrow is typically defined as an unbiased third party in a major financial transaction (such as real estate) between two parties that holds a valuable asset, such as cash, until the transaction is complete. When you hear someone refer to something as “being in escrow”, they mean that the asset is currently being held by that third party.
Why is Escrow needed?
Often, escrow is required for any actual home purchase to occur. Keep in mind, that once money is placed down, it will be considered in escrow before the deal goes through. Consider escrow a safe place for money to be held - because once the property is considered to be in satisfactory condition, the money from the escrow account is released on the closing date.
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