Tagged : realtors

Found 6 blog entries tagged as "realtors".

The strong seller’s market has prompted homeowners across the country to consider selling their homes. What if your property is a rental unit with tenants in place? Can you still sell and take advantage of the rising home values? Yes, by understanding the steps and following a few tips, you maximize your profit in this strong market.

The first step in selling your home with tenants in place is to understand your rights and responsibilities. The kind of lease you hold will determine if you can simply give notice to the tenants or if the new owners will buy the home with a lease in place. Only month-to-month leases can be terminated unilaterally with proper notice.

Next, meet with the tenants and discuss the situation. Explain your reasons for

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Everyone expects to sign a contract when choosing a listing agent to help them sell their home. They understand that the agent needs to be protected as they spend out-of-pocket, upfront costs for marketing and other expenses. But often homebuyers are surprised when their buyer’s agent presents them with an exclusivity contract before taking them out to see homes. What is it, and should you sign it? This first question is, why would a buyer’s agent want to have a contract with a homebuyer anyway? The answer is simple; unlike other professions, real estate agents are paid only when a transaction is closed through a commission. All costs, including time and gas, are paid upfront.

This means that they are taking time to show you homes and negotiate on

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It’s no secret that most of the country is currently experiencing a strong seller’s market. Yet even in this competitive environment, almost 25% of all escrows fall through before closing. Home inspections, appraisal surprises, and loan approvals are just a few of the issues which can arise, causing the buyer to pull out of the deal. An essential component of any listing strategy should be a good backup offer, meaning that another buyer is willing to step in and close if escrow falls through.

As you consider a backup offer, here are 4 things you need to know:

1. A Backup Offer Is Legally Binding – A backup offer is a fully executed offer, just like the original, so make sure the terms are acceptable. Typically, the buyer will include a

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The increase of pricing in the housing market and lack of inventory has left some potential homebuyers renting instead of purchasing.

As a result, these renters may not just be viewing rentals as just a temporary steppingstone to homeownership and expect their rentals to have nicer amenities than in previous decades. If you’re a landlord, there are 8 amenities your rental should consider including:

1. Dishwasher – Rentals without dishwashers may experience more turnover than those that include one.

2. Washer and Dryer – With all the great space-saver appliances on the market, there is no excuse not to find room for a washer/dryer unit.

3. Alarm System – Security systems cost a few hundred dollars and can add value to your rental.

4.

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Real estate markets across the country are experiencing a strong seller’s market right now. For potential sellers, this may be a golden opportunity to get top value for their property. While it may be tempting to aim for the sky when setting the listing price, that may not be your best option.

Here are 3 pricing strategies to consider before deciding on your asking price.

1. Listing at Market Value Buyer’s love “realistic sellers.” After considering the market data for your area, choosing to list at the current market value can attract the right buyer and encourage a solid offer or two. Typically, this results in a full-price offer with straightforward terms.

2. Listing High It is always tempting to list ahead of the market, especially in a

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  • Choosing your Real Estate Agent. (call Jessica Hatchett)
  • Choosing your lender (know about different types of mortgage loans and pre-qualification).
  • Selecting your home (determine the type, the price, and the location).
  • The Offer (once you have found the property make a written offer through your real estate agent).
  • The escrow process (when you have reached an agreement with the seller, the initial good-faith deposit is given to an escrow representative, and the process begins).
  • The mortgage loan (a mortgage loan is requested, filling out the appropriate forms).
  • Preliminary title report (is reviewed and accepted).
  • Inspections and disclosures (the property is inspected during the period specified in the contract, and all
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