Wednesday, April 29, 2009

home selling tip

Home selling tips are everywhere – some suggesting things you might never thought of, some are general ones you’re likely to find everywhere. But just because they’re common doesn’t mean we should stop making them. Here are some home selling tips of our own:
·When putting out your advertisement, never use the words "asking" or "negotiable" with your selling price. This will only make it seem like you’re not sure of the value of your home. Why bother setting the price in the first place if further negotiation is likely to change it anyways?
·When preparing your house, try to look at it from the buyer’s point of view. Would you want to buy a house like your own?
·Unless you’re sure you’re up to the challenge, hire a good agent and attorney to do the home selling for you. It may cost more, but it can save you a lot of pain.
·Make sure you have a full Multiple Listing Service coverage – this is a powerful tip to remember. Multiple Listing Service is the strongest selling tool for your home. Some people would not even advise you to check for any offers before you see you home on MLS!
·Home showings through an open house is a good idea, especially if you live in a small town.
·Getting your clutter out of the way will not only improve the home showings, but also makes it easier for you to pack your things
·Finish off whatever new constructions you’re applying with your house. No buyers would want to finish what the seller left off!
·When negotiating with the buyer, throw your bad mood away. It’s hard to discuss price when you’re still upset about the buyer’s plans to cut down the tree you love. Maintain an interactive discussion and build up trust. Even if the offer doesn’t work out, keep up a good impression.
·Don’t let buyers’ offers sway you – consult with your attorney about the price offered. Usually there’s a period of three days for you to accept or reject an offer. Also be prepared for home inspections, as usually this happens during this stage of the home selling process.
Like I said in the beginning of the article: home selling tips are endless, when you start looking for them. Choose only the tips that would best suit your needs and capacity. And if you still haven’t found one, chances are you’ll find it soon.

home selling process

So many tips are being given on home selling. If only you knew where to begin with! Some homeowners get confused because they don’t have a big picture of what exactly will happen during the home selling process. While it may differ from various areas, some general steps sellers should expect are the same.
The first thing to do is some preliminary planning. Though you may not feel like it, this is the step that kick-start the whole home selling process. Your house needs to be fully prepared to accept a new owner. If you plan to sell your house and buy another one, always know for a fact that you’re qualified to buy a new one before selling your old home.
When you feel like you and your house is ready, it’s time to find yourself a realtor. Interview agents in your local neighborhood or ones that are proven with a good experience. Ask on how they would market your property, and what kinds of additional commissions do they offer. This is someone that’s going to be with you throughout the process, so make sure the chemistry works.
When you’ve made your decision about an agent, prepare the listing agreement. There are several types available, each ones giving you a different level of involvement between you and the broker. Choose one that’s similar to the amount of work you’re willing to contribute in the home selling process – and how much money you’re going to spend.
The money of your listing agreement should come from the revenue of your home price, so make sure you set the price ideally. A too high or too low price will not help sell your home, as this may creates a bad image to potential buyers. Check some cost analysis to get a rough value of your property, and work from there. Don’t forget the costs you have to spend throughout the home selling process.
If you set the price right, it’s highly possible that potential buyers would start calling for home showings. Prepare for this as well as you prepare your house for it. If you’re using an agent, leave the house whenever a client comes over. If you’re selling on your own, check the points you’re going to show the potential buyers and think about what you’re going to say.
Finally, if the home showings went well, the buyers will make an offer. Offers should be made in standard forms that would satisfy a lawyer. Make sure you know what the buyer wants to include in the sale and what should be excluded. You can choose to accept or reject the offer, or modify it and see if the buyer is willing to negotiate with your incentives.
Once you’ve reached an agreement, that pretty much brings you to the end of the your home selling process. Good luck!

Home Selling Prices

So you’ve decided to do some home selling. Congratulations, this is an exciting business you’re getting yourself into. Whether it’s selling your parents’ house, your aunts’, your close friend’s, or even your own home, there are some things to consider before you can start marketing the house. One of which is how to set the price.

It’s really important to take time before you finalize your home selling prices. If the price is too high, the home will stay in the market for too long, waiting for someone who can afford it. Even if you chose to reduce the price later, it would show the potential buyers that even the seller realize that the home selling price was too high (and probably still is). But if the price is too low, this would easily sell but eventually brings damages to the sellers’ net expectation!

If you’re selling your own home, the chances are you’re going to want to set the price as high as possible. This might seem like an obviously silly thing to do, but it happens to a lot of people who either cherish their house too much, or are simply not aware of the real value.

The first case is a lot easier to handle. Remember that apart from the location, your home selling price is a major consideration in purchasing. So no matter how much you love your house, try to set a realistic price. Some things that might decrease (or increase) your home selling price are as follows:

a.Location. Sorry, this one’s a definite. A home in a more desirable area will cost more than less desirable ones.
b.House condition. A good maintenance shows that this home is worth being looked after.

c.Surroundings. Check out schools around the house and their quality. See how the weather would take effect. Watch those pesky neighbors. These things, though seemingly miscellaneous, applies to buyers and can affect the overall home selling price.

d.Extra features. Does the house own something the market is demanding? Does your home have a pool or a beautiful patio? Don’t hesitate in taking them into account of setting the price. Be realistic, though – a dusty, never-used fireplace, no matter how classy, will do nothing to your home value.

The second case – where you’re not sure of your house’s value – is a bit more difficult. You might want to read some home selling advertisements to see the price of the houses similar to the one you’re selling.

To help you finish off with an ideal home selling price, some standardized methods of price setting have been established. A Comparable Market Analysis (CMA) is “a comparison of similar properties in the same general area that compares actual sold prices”, in other words, comparing your house to similar ones to get a rough value. Nowadays Real Estate Agents can do CMA for you, and you can even do it yourself by the help of some websites.

Home Selling Guide

Selling home right now can be done by anyone. Support with much information that can

be found through the Internet, one person can sell his or her home either by a real

estate agents or selling the home by himself or herself. The high technology that

you can find anywhere can be a tool for you to sell your home fast and at a

reasonable price, etc.

But, whether you want to buy with agents or by yourself, you need some guides in

selling home. There are steps in selling your home. Those guides really help you.

Never under estimate them because they have lots of impact in your selling home
performance.

These are some quick guidance to sell your home:

1.Preparation; show the very best condition of your home

Here is the first step to sell your home. Make a best first impression to your

buyers so that they are attracted to buy your home. Get rid of dirt and rubbish,

remove all clutter, repairs all flaws of your home, get rid of unused furniture to

make it looks spacious

2.Pricing your home effectively

A home that is priced right and reasonable will sell in a short time. You can use a

third party service to give suggestion about your home’s value and the furniture in

it. Don’t price too low that it will cost you more money, yet never also set high

price that the you will loose your potential buyers

3.When To Sell

You also have to know the right time to sell your home. You surely want to sell your

home in a good economic condition and strong demand for houses, which tend to be

stronger in June and July. If you sell your home at the right time and a good

preparation, you will get the highest price of your home than your prediction

4.A Bit About The Costs Involved

You should also involved any costs that you have spent in selling your home, whether

it is attorney costs, closing costs, advertisements costs, etc

5.Selling Privately

Selling home by yourself is not as easy as it seems but it is worthy to do because

you can save about 2-6% of your selling price. Selling home privately is sure going

to take much time and efforts for you to sell it.

6.Selling At Auction

Selling at an auction can also be an option. But it is not a suggested option

because it will cost you more money and also it is a volatile way in selling your home

7.Get a real estate lawyer

You can make the flow of documents so easy and having a professional advice by

getting a real estate lawyer in your selling process

8.Marketing your home

There are many ways to market your home:

·Writing your sell ad

·Home Photos: a picture can describe a thousand word

·Lawn signs

·Open houses

·Home Brochures/Information sheets

·The MLS (Multiple Listing Service) provided by the agents

·You are your home's best salesman

9.Negotiating an offer on your home

10.Home inspections

11.Closing

These guides will help you to sell your home. Never hesitate to ask for professional

advices if you meet some problems while you are in the middle of selling process.

Good luck and have a nice day J