| The best
chance of selling a property is within the first few
weeks that it’s on the market. Statistics show that
the longer a property stays on the market, the less
money the seller will net. We have prepared the
following suggestions to help sellers of real estate
home sell at the highest possible price.
Curb appeal The first
thing a buyer sees when they drive up is the front yard.
If the outside does not impress buyers, they may not
take the time to see the inside.
Easy access. Top selling
agents do not have time to run around town to pick up
and drop off keys. They’re too busy selling houses!
Therefore, they may not show a home if both the key and
access are not readily available.
Paint and carpet are the
best home improvement investments one can make. Paint
makes a house look clean and smell clean! Fresh paint
and new carpet is like giving the house a makeover.
All odors must be
eliminated. Many sellers may not notice the smell but
buyers will. If the seller has pets or is a smoker, they
need to get rid of the odors associated those items.
This is a touchy subjects for many agents and sellers.
If a seller has a life style were odors may exist they
should ask the agents opinion from the start.
Price. It is very
important that a home is priced at a competitive market
price right from the start. The market is such that if a
house is overpriced, it may not sell. If the price of a
property is at market price right from the start, you
will get more offers and interested buyers. Here are
some of the reasons to list at a competitive market
price. If a house is overpriced, it will limit qualified
buyers, lowers showings, limits financing and agents
think the seller in unrealistic and won’t waste time
showing the home to qualified buyers.
Most of the marketing in
selling a home is done at the time the agent and seller
decides what price to list at. If the seller is not
willing to list at a competitive market price, they
should consider not putting it on the market at this
time.
Once the seller has made
a decision to sell and if their plans are to buy another
home before signing any contractually binding paperwork
the seller needs to get pre-approved for their next
mortgage. Pre-approved means that a mortgage
professional has examined, submitted and received
acceptance on the future borrowers financial
capabilities of qualifying for a mortgage based upon
their income to debt ratio, loan information, and credit
profile.
Many times borrowers are
told they are pre-qualified prior to the lender
examining in detail the borrowers complete financial
profile. This leads to great frustration and
disappointment.
The purpose of this
newsletter is not to give real estate advice. The
purpose is to stimulate thought for our clients and
professionals within our network.
If you are a REALTOR®
professional receiving this newsletter or know of one,
please contact our office to introduce yourself and your
services to us. We are always seeking to grow our
referral network and expose professional services to our
client base.
The loan professional
that has made this information available specializes in
equity repositioning solutions for those buying, selling
or refinancing real estate.
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