Selling Your Home

 

Hire A Realtor

Finding a Realtor is an essential part of having a quick, easy, and stress free real estate transaction. The Realtor you choose should be an experienced professional who knows the market, is ethical, and listens to you. Your Realtor should take the burden of selling your home off of you. Your Realtor will:

* provide information on the current market and provide a proper listing price for the home

* market your property to other Realtors and buyers through the MLS (multiple listing system)

* Advertise your property both online and in print ads

* schedule showings, open houses, appraisals, walkthroughs, etc

* evaluate the potential buyers to see if they are qualified or not 

* write, review, and negotiate contracts from buyers 

* assist you with the closing of the property

 

Before Showing Your Home

A buyers first impression of your home is very important. There are some essential things that you can do before showing your home to make it more desirable to potential buyers.

* make necessary repairs 

* clean and de-clutter home

* re-arrange furniture for a more spacious feel

* de-personalize your home, so buyers can imagine themselves living there

* touch up paint in the interior and exterior of the home 

* maximize exterior and curb appeal with a well maintained lawn

* remove garbage and debris from sight 

 

Showing Your Property

To prepare for showing your property there are some easy steps to take to ensure a positive showing.

* make your home easily accessible for showings, don't make it difficult for agents to show their buyers 

* keep home clean and clean smelling

* open drapes/blinds and turn on lights 

* make beds, put away toys, and clean dishes

* the temperature inside the home should be comfortable, so the buyers stay longer especially on a hot or cold day

* keep pets away from potential buyers

* make plans to leave your home or take a walk during showings


Short Sales

Explained

A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved.

But to be technical, here's a more official definition:

  • A homeowner is 'short' when the amount owed on his/her property is higher than current market value.
  • A short sale occurs when a negotiation is entered into with the homeowner's mortgage company (or companies) to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then 'sold short' of the total value of the mortgage.

For homeowners to qualify for a short sale, they must fall into any or all of the following circumstances:

  • Financial Hardship – There is a situation causing you to have trouble affording your mortgage.
  • Monthly Income Shortfall – In other words: "You have more month than money." A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
  • Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.

This seems simple enough, but it is a complicated process that takes the expertise of experienced professionals. I hold the CDPE® Designation and am ready to identify all possible options and, when possible, assist in the quick execution of a short sale transaction.

If you have questions or feel you may qualify for a short sale, please contact me for a free consultation.

Understanding your options now could mean all the difference in the world.


 

Tips For Selling

Should You Move or Remodel?

How to Use Comparable Sales to Price Your Home

7 Tips for Staging Your Home

Make Your House FHA-Loan Friendly

5 Tips to Prepare Your Home for Sale

 

 

The above brokerage assumes no responsibility nor guarantees the accuracy of this information and is not engaged in the practice of law nor gives legal advice. It is strongly recommended that you seek appropriate professional counsel regarding your rights as a homeowner. The above brokerage is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.