Saturday, April 27, 2019 / by Connie Tracy
During the home-buying process, you will collaborate with and speak with your real estate agent more than any other party involved. This person will be your right hand, support system, and, in some cases, your eyes and ears. Most importantly, they will be the expert throughout the home search or home selling process. Find an agent that fits your needs and they'll work for you to find the ideal home at the price point you can afford.
Not every agent is the same. Take a look at their history of homes sold in the past 6 months to a year. If they have just a few, then you know that this not their number one priority. They may work another job, which may not be in the best interest for you.
There are typically two agents involved in a transaction. The agents are the buyer's agent who represents the buyer and buyer only. There is also the seller's agent who represents the seller and their property. Both agents work on a commission averaging 3% for each agent. This cos ...
Saturday, April 27, 2019 / by Connie Tracy
When choosing an agent, they should not only be good listeners, communicate, and be knowledgeable, they should EDUCATE, ADVOCATE, and NEGOTIATE for YOU!
Here are some tips to use while interviewing real estate agents for purchasing and selling homes:
Finding a Quality Agent:
You have found a lender. Lenders interact with tons of agents over the years and can usually point buyers in the right direction towards professional agents that provide the BEST customer service and efficient documentation to the lender. TRUST your lender's opinion, especially if the lender is local.
Friends and Family:
Know any friends and family that have recently sold or purchased a home? ASK them for suggestions! They will probably give you the BEST review of an agent and the experience they had with them... whether it was good or bad.
Check out Reviews:
How do buy online? We look at reviews! I know you are looking at Zillow, Realtor, and Trulia to ...
Friday, April 26, 2019 / by Pamela Glende
Spring is in the air, the weather is warming, the flowers are blooming, and home shoppers are out looking with great anticipation on finding a home.
If you are considering selling your home, Spring is the perfect time to list. As the weather warms home shoppers have come out of hibernation.
The market is a hot seller’s market with just over a month’s worth of inventory. A balanced market has 5.5 months of inventory. This is a great position to be in as a seller, but not so much as a home buyer because the competition to get their offers accepted is tough. With so little inventory and so many buyers there are plenty of bidding wars going on to get into contract on a home purchase.
My advice to sellers would be to get your home on the market as quickly as possible. The longer you wait the more competition you will have as a seller. The further we get into Spring the more listings we have. Beat the competition by getting your home on the market first. Chances are if ...
Thursday, April 25, 2019 / by Pamela Glende
It is a strong seller’s market and homes are selling fast. Most homes if priced at market value or slightly below are receiving multiple offers. Currently we have just over a month’s worth of inventory. A balanced market is 5.5 months of inventory. There are more people looking to purchase a home than we have currently for sale on the market. The result is that there is bidding wars on homes.
So, what could happen when you choose an offer on your home which is much higher than market value? If the home doesn’t appraise at the agreed upon purchase price and the appraisal is lower, we have a problem.
These are the things that can be done.
1.You could lower the purchase price to the appraised value.
2. You and the purchaser could meet in the middle. Example the purchase price was $250,000. The home appraised at $240,000. You could reduce the purchase price to $245,000 and the buyer could bring $5,000 to closing from their own funds. Keep in mind tha ...
Monday, April 22, 2019 / by Pamela Glende
Home selling Mistakes.
What to avoid when selling your home.
1. You hired a real estate agent and told them what to price the home at. If your agent quickly agrees to a price you recommend without doing their homework you may be setting yourself up for failure. A good agent will do their homework and provide comps of similar homes to come up with true market value. Over pricing can cause your home to sit on the market and in the end, you will most likely get less than market value. It is key to price your home correctly. Your agent should be honest and upfront with you.
2. Your agent didn’t advise you on how the home selling process works. You should know the process before listing. Ask questions, be sure of what to expect. After all nobody likes unwanted surprises. Your agent should educate you on what to expect and give you an idea of how things should go.
3. Yo ...