The Selling Process Being a seller of a home or a "First Time Home Seller" can be just as emotional as purchasing your first home. Our Executive Agents walk side by side with you every step of the way to ensure you have a market-ready home and are able to get top dollar for your investment in this competitive marketplace. Once your home is on the market, we will work hard to ensure the sales process has a clear and smooth transaction. |
Terms to Watch for in a Purchase Contract
1. The closing date. See if the date the buyer wants to take title is reasonable for you.
2. Date of possession. See if the date the buyer wants to move in is reasonable for you.
3. The earnest money. Look for the largest earnest money deposit possible; since it is forfeited if the buyer backs out, a large deposit is usually a good indication of a sincere buyer.
4. Fixtures and personal property. Check the list of items that the buyer expects to remain with the property and be sure it's acceptable.
5. Repairs. We will walk through your home with you prior to listing it to the general public and assist you with the direction you may need to take to get the home "market-ready" by making any necessary repairs, or even staging your property for superior market presentation. 6. Contingencies. See what other factors the buyer wants met before the contract is final-inspections, selling a home, obtaining a mortgage, review of the contract by an attorney. Set time limits on contingencies so that they won't drag on and keep your sale from becoming final.
7. The contract expiration date. See how long you have to make a decision on the offer.
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Why Use a REALTOR®? What can a full service broker bring to the sale of your home? "Selling a home is a full-time job. The average homeowner may sell three or four homes in his or her lifetime; REALTORS®, can sell hundreds over the course of a career. This experience is invaluable, and it's part of the reason why home sellers who use a real estate professional can expect to sell their homes for 16 percent more, on average, than sellers who try to do it themselves." (1)
1. The 2005 National Association of Realtors® Profile of Home Buyers and Sellers, based on more than 7,800 responses to a questionnaire mailed to a large national sample of consumers located through county deed records. Using a REALTOR® All real estate licensees are not the same. Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. They proudly display the REALTOR "®" logo on the business card or other marketing and sales literature. REALTORS® are committed to treat all parties to a transaction honestly. REALTORS® subscribe to a strict code of ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate. An independent survey reports that 84% of home buyers would use the same REALTOR® again. Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. Transactions today usually exceed $100,000. If you had a $100,000 income tax problem, would you attempt to deal with it without the help of a CPA? If you had a $100,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be foolish to consider a deal in real estate without the professional assistance of a REALTOR®. But if you're still not convinced of the value of a REALTOR®, here are some more reasons to use one: 1. When selling your home, your REALTOR® can give you up-to-date information on what is happening in the marketplace and the price, financing, terms and condition of competing properties. These are key factors in getting your property sold at the best price, quickly and with minimum hassle. 2. Your REALTOR® markets your property to other real estate agents and the public. Often, your REALTOR® can recommend repairs or cosmetic work that will significantly enhance the salability of your property. Your REALTOR® markets your property to other real estate agents and the public. In many markets across the country, over 50% of real estate sales are cooperative sales; that is, a real estate agent other than yours brings in the buyer. Your REALTOR® acts as the marketing coordinator, disbursing information about your property to other real estate agents through a Multiple Listing Service or other cooperative marketing networks, open houses for agents, etc. The REALTOR® Code of Ethics requires REALTORS® to utilize these cooperative relationships when they benefit their clients. 3. Your REALTOR® will know when, where and how to advertise your property. There is a misconception that advertising sells real estate. The NATIONAL ASSOCIATION OF REALTORS® studies show that 82% of real estate sales are the result of agent contacts through previous clients, referrals, friends, family and personal contacts. When a property is marketed with the help of your REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally prescreen and accompany qualified prospects through your property. 4. Your REALTOR® can help you objectively evaluate every buyer's proposal without compromising your marketing position. This initial agreement is only the beginning of a process of appraisals, inspections and financing -- a lot of possible pitfalls. Your REALTOR® can help you write a legally binding, win-win agreement that will be more likely to make it through the process. 5. Your REALTOR® can help close the sale of your home. Between the initial sales agreement and closing (or settlement), questions may arise. For example, unexpected repairs are required to obtain financing or a cloud in the title is discovered. The required paperwork alone is overwhelming for most sellers. Your REALTOR® is the best person to objectively help you resolve these issues and move the transaction to closing (or settlement). |
Your Property Marketing Plan TEAM-EGAP Provides a detailed marketing proposal, plan and pre-listing and showing to-do tips with every listing! Especially in this market, it is important to prepare and present each listing with an individual marketing plan. The Importance of Online Marketing - Home buyers use the Internet to search for a home more than any other media.
- Home buyers say the two most important features are photos and detailed descriptions - we provide multiple pictures as well as links to our website where your home will be featured and Virtual Tours.
- Buyers are nearly 5 times more likely to find the home they purchase online rather than in the newspaper.
We Are Local Online Marketing Specialists - - Comprehensive content includes customized home description, multiple photos, and interactive consumer contact opportunities which enable me to provide your home with the exposure it deserves.
- We provide 800# rides on our signs so that we don't miss any "drive-by" opportunities to give information on your home.
- Home buyers will see your home on www.EGAPrealestate.com as well as individual agent sites.
- Your home will be submitted to multiple Websites on the Internet.
- I will include multiple photos in marketing your property online because that is what buyers say they want most online.
- Each online listing will include detailed information about your property for buyers to view.
- Each site that features your property will include multiple ways to inquire about your property.
- Inquiries about your property will be responded to in a timely manner.
Other elements of our marketing plans include: - Increased appeal in the marketplace. Home sellers don't fully realize that clearly seeing a home through the eyes of a buyer dramatically increases the chances of the home selling quickly and at a higher price. Our experience can guide a seller to properly show a home to its best advantage.
- The right listing price. We KNOW the marketplace and your neighborhood and are fully qualified to prepare a detailed market analysis. Plus, we know the competition and what to expect from buyers.
- The Multiple Listing Service. Your home is listed for all real estate agents and buyers to see and sell! Now the MLS is part of an international database, so your buyer could come from anywhere in the world.
- A referral network. We are in constant touch with a wide array of professionals and consumers, all of whom might send the right buyer to your door!
- A professional yard sign. A sign can funnel buyers' calls right to the qualified real estate professional with the answers they need.
- A flexible flyer. A flyer about your home can be distributed many different ways, to potential buyers as well as other brokers.
- Financing expertise. There are many ways in which to finance a home today, and we are knowledgeable and prepared to discuss the options most advantageous for you, the seller.
- Tours. We can arrange tours of your home for top producing sales agents who would benefit from seeing your home first-hand.
- Open houses. Arranged for the public and other real estate professionals.
- A direct mailer. This can be launched with "Just Listed" cards to your neighbors and nearby move-up and rental neighborhoods.
- Ongoing information. We believe in constant communication and will update you with marketing conditions and the area competition on a regular basis. This can keep you up-to-date with the market so you are prepared to make decisions.
- Finding "quality" buyers. We ensure that interested buyers are pre-approved for mortgages, giving sellers a high degree of security toward closing.
- Sales skills. Our knowledge of the real estate business and the local area is invaluable in taking action to show the buyer the neighborhood, competing properties, the special features of your home, the facts about the school system, shopping, etc.
- Negotiation skills. We will negotiate the purchase agreement and, in doing so, represent your best interests at all times.
- Multiple offer expertise. If more than one buyer makes an offer on your home, we have the know-how and integrity to handle the deal properly.
- Organization of closing details. From following up with the buyer's mortgage application, to ordering appraisals and inspections, to reviewing the settlement figures for accuracy....We are highly trained and efficient to do it all.
- Availability. Throughout the transaction, we are your partners. Last-minute contingencies concerning the contract or anything else not complete before closing, can smoothly be managed by our Team.
- Closing. We will be at your side at the closing table, prepared for any eventuality and ready to shake your hand with congratulations.
- Loyalty. We won't forget you, and will be here after closing for any needs that come up.
Selling can entail a variety of marketing strategies. Once listed, it's likely that the home will be quickly entered into the local MLS (Multiple Listing Service) and placed on REALTOR.com®. REALTORS® routinely market by mail with new-listing announcements and regular newsletters. Open houses, broker access to the home via the use of a lock box and networking with both local and out-of-town brokers are also common. Much of a broker's work will be quiet and unseen -- yet important. The quiet telephone calls, the work with contacts, the follow-ups with open-house visitors, conversations with ad respondents, the web postings and other outreach efforts are all part of the process required to sell homes. Experienced REALTORS® base their marketing efforts on previous transactions and ongoing research. For instance, according to the National Association of Realtors (NAR), 37 percent of all buyers check the Internet. NAR numbers also show that most households move within 10 miles of their current location while 20 percent move at least 50 miles. How to market your home. If you look at a typical transaction you can see that there are five general areas where REALTORS® can assist in the home-selling process. - Preparation: Before being placed on the market, homes must be in "show" condition. REALTORS® can explain what repairs and upgrades are required for individual homes which are most likely to produce the best results.
- Pricing: Brokers do more than price homes for sale, they also construct sale terms designed to speed the selling process. It may be, for example, that a home priced at $150,000 with a 2 percent seller credit to the buyer at closing will be far more attractive to purchasers than a home priced at $147,000. Why? That 2 percent credit is worth $3,000 to the purchaser at closing -- the time when buyers are most likely strapped for cash.
- Marketing: REALTORS® will execute strategies and programs to get the home sold. Typically this includes placement on the local MLS and Realtor.com as well as related marketing, advertising and networking.
- Negotiation: REALTORS® assist owners in the bargaining process, offering advice and counsel as offers are received and by working closely with legal counsel, tax specialists and inspectors as required.
- Closing: Once a contract for the purchase of a home has been accepted, a series of inspections and checks are typically required to satisfy buyers and lenders. REALTORS® can help owners complete the transaction process by assisting with the many requirements found in a typical sale agreement.
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STAGE IT! Consider your curb appeal. Get rid of clutter! Turn excess inventory into CASH! Watch where a buyer’s eye would go. Find a fix-it person. Clean, clean and clean again! Let fresh air in. Keep it bright - Let light in. Don’t forget fresh flowers! Consider soft background music.
Make your personal staging appointment today with Saha Home Staging www.sahahomestaging.com |