Real Estate Blog

After you have purchased your property and done all the necessary repair the property is now worth full market value and you are ready to sell fast. The first thing to do is place your advertisements in the paper stating that your property is for sale on contract in order to attract perspective buyers. This ad should describe the type of home including bedrooms, bathrooms, and any special features such as newly remodeled or basements. In your ad make sure to mention that all perspective buyers that this is a no bank involved sell and all will be considered including those with bad credit. Mortgage investors will sometimes buy the mortgage from you even if your buyer has a credit score as low as 500.

Your next step is to host an open house for all your perspective buyers. It is way too complicated and time consuming to make appointments with everyone. Just make sure to put the time and address of your open house in your ad and they will show up. During the open house you will be showing the property and running the credit of your perspective buyers to see if they qualify for the mortgage. continue reading…

Does the front lawn of the house you are trying to sell now look like a good place for a safari? Is there a beehive in your mailbox and are the bees really busy collecting pollen from all the wildflowers on your lawn? Did you just see your real estate agent’s obituary in the newspaper recently? If you are seriously considering any of these questions or if you are looking to know why your house is not selling, there are often simple yet overlooked solutions that can help your house sell.

Have you considered that your home may be over-priced?

In today’s market, you really have to know the real value of the property you are trying to sell so that you do not price yourself out of the market. It is a known fact that buyers, not sellers are the ones who determine market value in the end. However, if your house is selling for $450,000 in a $375,000 neighborhood, you will actually be competing with homes in the range of $500,000, instead of homes that are comparable to yours. If your home stays on the market too long, potential buyers and real estate agents will begin to consider that there is something seriously wrong with your house. Do your homework and establish the market value of the property you are trying to sell so that it does not sit around unsold month after month. continue reading…

In this market, you will realize that selling a home is very hard. You can put your home on the market for a great price and still, you will not make a sale. The only homes that are really selling at this point in time are those that are bank owned (REO), foreclosed upon and in short sale. As we know, the competition related to these properties is immense. Selling a home at what would seem a reasonable market value is unheard of.

If you have a higher end home, you will have a better chance. Even in this market, some higher end homes are still making sales. Although the upper spectrum has got hit fairly hard, they are not suffering like subprime mortgages and properties are. If you do have a higher end home and are selling it in this market, you will know that you are definitely not getting the full potential in value of the home. In some cases, this is perfectly OK with the seller. Circumstances that would lead to a sale with little or no profit would be those that are trying to get out of the financial burden, those who are defaulting on their loan and those that need to move and relocate for a job, etc. continue reading…

One of the most overlooked but very important aspects to selling a home is the outside of the home. Curb appeal is huge among potential buyers and can give you the extra edge you need. Buyers are always more interested in homes that can appeal to their sight first. There are some pretty easy steps to take if you want to make sure the exterior to you house in the best shape possible. This article will take you through a step by step process explaining what you need to do.

The first thing you should do is look at the house yourself. Go to a curb that is a few yards away from the house and look at it in an objective manner. Make sure you get everything in perspective including the roof, walls and foundation. Also, look at your neighbors homes and see how yours compares. You want your home to stand out. Blending in can be alright, but buyers want that extra special something. It is also a really good idea to take pictures of all your observations. Then, look at the pictures and carefully get every detail down. You can then start making a budget and a list of everything you need to do. continue reading…

When you plan in selling your home, it is best to do the numbers. Before you sell the house, have your real estate broker sit down with you and do the seller’s net sheet together. It is very common for people to sit together and list down the things that they need to get paid. After making the list, you will somehow know at least the estimate of how much you need and how much you want your house to sell in the market.

And as you do the seller’s net sheet, you should keep in mind that there are other duties that you have to pay such as the escrow fees, the buyer’s concession possibly in the slow market, you also have the real estate fees. There are also the other fees that need to get paid such as termite cost and other repair bills. Knowing that you have to dish out some money for these expenses can help you arrive at the right numbers for your home. continue reading…

Due to financial problems, many have decided to sell their property. If you are one of the many who are planning to sell the property, you should have made the necessary preparations already. Keep in mind that there are several factors you should attend to before you market it. Necessary preparations have to be taken because there is a tough competition in the real estate market today. There are a lot of sellers and the buyers are becoming pickier with the choices they make.

So what are the factors you should be considering when selling the property? Well, the first thing you have to look at when selling is looking at the product. The product will direct you on what to do next. In this case, the product is your house. Check what will make it marketable. It would be best to inspect the property thoroughly first before you put up the for sale sign. Inspection is very important because it will help you identify areas that need repairs. Identifying what needs fixing is also a great way to increase the value of your property. continue reading…

At any given time, the real estate market favors either the buyer or the seller. A buyers’ market is one in which there are as many properties on the market as there are buyers. Homes take longer to sell and prices fall. Realtors consider a typical market to be one in which homes take an average of six months to sell.

Sometimes buyers believe this to be a seasonal phenomenon, and that wintertime brings a buyers’ market. Although it is true that there are fewer buyers, there are also usually fewer homes on the market. In the spring, a seasonal adjustment occurs – more homes come on the market. Buyer activity picks up as families with children buy homes so that they can move during summer vacation. A buyers’ market can easily exist in the spring, if conditions like falling prices dictate. Other factors can also influence a buyer’s market – for instance, the exit of one or more major employers from a community, a natural disaster such as a flood or earthquake, or some other catastrophic event can affect home values in an area for years together. continue reading…

If you have decided to sell your home, chances are you are caught up in a horde of emotions. You may be looking forward to trading up to your new dream home or facing the uncertainty of a major relocation to another city. You may be hesitant to leave your memories behind or keen to start a new adventure. Whatever turbulent emotions you are experiencing right now, you need to be clear on exactly what is motivating you to sell.

The point is; the reasons and motivations for selling a home can be many and varied. Most potential home buyers know this and will be quick to ask, “Why are you selling?” How would you reply to that question? continue reading…