Posts Tagged ‘ realtor ’

 
Monday, February 6th, 2012

If you are wondering how to sell your home, you’re not alone. Look up and down nearly every street in nearly every town in the U.S. and you’ll see houses for sale. The market is full of houses, and apparently there will be more coming on the market this year due to foreclosures.

So, what is a seller to do? Well, I’ve been a buyer and seller of single family homes for many years as a real estate investor, so I’ve accumulated plenty of experience on the subject of how to sell your house. In this article I hope to share some of my experience with you so that it will assist you in selling your house now.

The most important point I’d like to share is that you cannot expect a real estate agent or anyone else to know or care as much about selling your house as you do. You are the expert on the subject of your house, so you should be the one who writes up some descriptions and posts them on craigslist and ebay classifieds. Your agent is in charge of how to sell a house on the local multiple listing service, but you can take care of other forums online.

Posting your own house online is really my number one suggestion for all homeowners interested in selling a home now. Buyers are looking online, even if they are also working with an agent, so they will see your house and they will definitely email you or call you if they are interested in seeing it. Make yourself available to chat with them in emails, texts, or on the phone. You might be surprised to discover how many people will contact you through text messages, so be prepared for that. Besides answering their questions about the house, ask them some questions as well. That is how you will work your way through interested buyers to interested and qualified buyers.

Once you identify your best buyer, the one who is interested and qualified and ready to make an offer, that’s the time to give your real estate agent a call so that you can get everything in writing. There may be other details besides the purchase agreement itself, and you will be glad to have somebody who knows what needs to happen next. Many states require a seller’s disclosure form as part of the agreement, so that is something you have to take care of in advance, prior to a sale if possible. Once you find the buyer, your agent will show you everything you need to know about how to sell a house and complete the transaction.

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Real estate can be an very challenging and demanding business at occasions. Benjamin Franklin stated, “All mankind is divided into 3 classes: those that are immovable, those that are movable, and those that move.” In the profession of actual estate, one’s attitude toward life, self, and clientele might be the most substantial attribute in determining which path an agent will be moving. The evidence of a positive attitude can separate high-producers from the rest of the pack.

Usually we neglect to take a deliberate strategy when it comes to our attitude. It appears to be some thing that just takes place as a result of circumstances and is pulled in distinctive directions on a every day basis. We somehow forget that we are in control of it and we forget the effect it can have on ourselves and those we encounter. Our attitude can in reality have a profound and lasting effect. It is not a thing we can leave to its own devices without having conscious guidance. A positive attitude can make the distinction in figuring out that currently will be a profitable, productive day.

A constant, positive attitude is ascertainable by starting each and every day with a aim, a strategy to accomplish that goal, and an expectation of obstacles to overcome. A positive attitude will make sure obtaining solutions that are in the very best interest of the client. If attitude plummets, so could momentum and motivation. Unfavorable thinking can basically hinder the mental procedure and maintain us from becoming productive and creative. Intentional thinking about goals and alternatives can keep our attitude on track.

Attitude is reflected in the way we walk, talk, dress, conduct small business and interact with customers, good friends, and household. Attitude is internal but reflected external. You can create your capacity to maintain a positive attitude by creating modifications in your physical, mental, spiritual, and economic routines. Commence by building a strategy for every day to contain exercising, eating wholesome, receiving organized and generating time for other individuals.

Redirecting your concentrate from how almost everything external impacts you to how every thing you do impacts others, will aid you see the globe in a new perspective.

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Every month, the NAR publishes the Pending Home Sales Index (PHSI) which is a report of the total number of signed real estate contracts awaiting closing, as well as the existing home sales report.

These reports are prepared by Dr. Yun, Chief Economist for NAR. Dr. Yun’s job is to gather and examine data from the combined MLS systems across the country and explain to us simple folks what is going on in the housing market. Or is it?

Dr. Yun - Chief Spin-Master For National Association Of REALTORS(R)

The reality is that Yun does not report so much on what is happening in housing, rather he reports on why what is happening in housing is always good. His positive outlook has not wavered, and always “now is the time to buy” reports being published during every market cycle. He certainly is the spin-master-in-chief for the National Association of Realtors.

In the August 2011 Pending Home Sales report, Dr. Yun wrote: “The market can easily move into a healthy expansion if mortgage underwriting standards return to normalcy,” he said. “We also need to be mindful that not all sales contracts are leading to closed existing-home sales. Other market frictions need to be addressed, such as assuring that proper comparables are used in appraisal valuations, and streamlining the short sales process.”

Of course, anybody who (has read a newspaper) or monitors the housing market will tell you that this is just a white wash over the real problem in the US housing markets. Sure, we can complain about tougher lending standards, contracts failing to close (like this has never happened before), appraisers being too tough on home valuations, and short sales taking forever to close. There is some truth in all of this.

Dr. Yun would best serve the public, and all of the members of NAR if he would report on the real issue that will plague the housing market for 10 more years. There will be no recovery in 2012 (or ‘13 or ‘14 for that matter) and the sooner he reports the truth, the sooner the US can work to get it fixed.

About the Author:

Years ago, before the internet, there was no option to sell my home online. It seems funny to think about it that way, because now I sell the majority of my houses online. Having more than one home for sale the majority of the time, knowing how to sell my home online is a way of life for me now. Real estate investors use the internet to earn their living by buying and selling homes online.

Over the years, I’ve known people who bought and resold homes that they never saw in person. They had a team working for them who visited the house and participated in the closing. Naturally, the average homeowner doesn’t have a team like that, so he or she has to get very involved in the process of selling a home. Even though I am an investor and I have a team, I actually get involved in the sale of my homes anyway. As I said, it becomes a way of life for some of us. So, the primary method I use is to sell a home online.

There are two ways I reach out to people on the web. The first way is by email to people I already know. I have a list of other investors, and it includes buyers and sellers as well. I email everybody on my list every time I have a home for sale. Occasionally I get a note back from my email system saying that one of the email recipients wants to “opt out” of my list. But for the most part I think people are just curious. They want to see what’s going on and compare it to the value of their own home, for one thing. Especially if they are starting to think about selling their home or purchasing another home as a residence or as an investment, they read the emails I send about my properties for sale.

The other way I reach out to people on the web is by posting classified ads on craigslist and ebay classifieds. Most sellers do this and most buyers know it, so that means it’s a very active forum for buyers and sellers to find each other. These forums are free in most parts of the country, so it’s simply a no-brainer to post your house for sale by owner.

That last sentence was really important, so go back and read it again. I said, “by owner,” which is the key to success. Posting a real estate ad on craigslist requires you to select “by owner” or “by broker.” Naturally, you will select the former since you are the owner. More buyers will click on your ad and look at your house for sale when you post by owner. I have discovered this category has a great advantage when I sell a house online.

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There is no doubt that the housing market is flooded with houses that have been sitting around a while. Some are occupied and some are vacant. Either way, it’s not a good situation when a house stays on the market too long. In order to sell a house quickly you have to go out of your way to find a buyer.

You have to work at it, even though you only need one buyer. There are more houses on the market right now than there are buyers looking to buy, and that’s making for a very lop-sided situation. In order to sell a house at all, let alone sell a home quickly, you have to make your house stand out from the crowd.

So, how do you go about making your house stand out from the crowd? I’m not talking about fancy remodeling projects with elaborate, exotic décor. I’m talking about making sure your house gets noticed just the way it is. Does that seem impossible? Many sellers feel overwhelmed at the prospects of selling a house in the present market. They have heard stories from their friends, neighbors and co-workers, and they have seen the same For Sale signs on the same houses up and down the street for months on end. I must admit, those things can be frightening, especially if you want to sell a house quickly.

But the whole point of my article is to encourage you to see your house the way you saw it when you bought it. Do you remember what got you excited in the first place? Do you recall the various features that made you eager to buy it? Those are the things you need to recall right now. Write them down and then write up a classified ad to post online. Posting an ad with photos and lots of details will give you the best shot at capturing the attention of buyers for homes in your area.

Now, make sure you understand that I am talking about posting your ads whether or not your house is listed with an agent. If you want to sell a house quickly you have to get involved in the marketing activities yourself; you cannot simply expect that your agent will do it all for you. Maybe that’s how real estate agents worked years ago, but the market place is much different now, and everybody involved in the sale of a house needs to cooperate.

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Saturday, February 4th, 2012

I have lots of experience on the subject of how to sell a home, and sometimes I share it with homeowners who ask me. Since many homeowners need to sell these days, I’ve been asked many times for my best suggestions. Why is it that we all think there is some kind of magic pill we can swallow that will make everything easier?

The truth is, learning how to sell a home is not like that. It’s not a quick-fix situation, primarily because selling a home is a job. When you make a decision to sell a home, then you have to realize you’re taking on a job. And if you make a decision to sell a home yourself, you’re taking on that job yourself.

Now, whenever there’s a job to do we can undertake that job ourselves, or we can get some help doing it. Alternatively, we can simply hire somebody else to do the whole job. Asking around, you’ll find that most homeowners really prefer to hire somebody else and avoid all activities involved with selling their own home. In my opinion, that is not how to sell a house. It’s wrong thinking and it will not lead to success.

Basically, it’s your real and personal property and it’s your job. If you just walk away from a job and don’t pay any attention to it for weeks on end, how can you expect it to turn out well? From what I can see, that’s how most homeowners handle the sale of their own home when they list with an agent. The homeowners just wipe their hands of everything and figure their agent will take care of it.

Well, let me tell you something, no agent will ever have the level of knowledge about your home that you have. And no agent will ever be as motivated as you are to sell your home, not really. Agents can be very motivated of course, but since they don’t own the home they are motivated by earning a commission, not by the sale itself. There’s a big difference. I’ve worked with some great real estate agents myself, so this isn’t criticism in any way, it’s just a statement of facts. Agents do not step into the shoes of the seller, not entirely. They are available to help you sell your home, to list it on the multiple listing service and to help negotiate and close a sale, but the primary burden of a sale is still on you, the seller. Accepting this reality is the first step in knowing how to sell a personal house.

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Saturday, February 4th, 2012

Whether you are making a big move across the country or moving across the city, you need to find a good Charlotte Real Estate agent to help you narrow down your choices. Search for your new home by utilizing some of the modern resources available. Look online at the websites for local companies or individual professionals. Search for areas of the city that have homes within the price range you are looking to buy.

You should have a list of requirements ready to hand to your agent. Make sure the agent is following the list of requirements. You do not want to purchase a house that has almost all of your requirements. You need to find a home that has all of your requirements if you want to be happy living there.

Make your agent clear on what you want. Do not leave any confusion. If you feel that you are not being shown homes that are to your liking, discuss the requirements more clearly with the agent. If you still are not interested in the homes you are being shown, consider getting a new agent who will follow your desires more closely.

Check the neighborhood as well as the houses when you are inspecting them for purchase. If you have children, you will want to ask about schools and if there are neighborhood children. If the neighborhood is filled with a majority of older people or childless couples, it may not have the family atmosphere you desire.

Do not try to work with an agent who is pushy and unwilling to listen to what you want. You can find a good agent or be pointed in the direction of a good home by asking people you know in the area you are moving to. If you have relatives in the area, this is the best way to find a good home that is perfect for you and your family.

Some agents will specialize in certain areas or neighborhoods. If you find a home that you are interested in from an advertisement online, you can very often call on the telephone or use a fax machine to get an application to the agent. The agent will see to it that once a home is in the process of being purchased, all costs are covered. This includes tax information, closing costs, deposits and bank mortgages. An agent will help you make sure all the paperwork is done right.

Look through home buying brochures for the location you are moving to. There are sometimes lists of local Charlotte real estate agents. You can often get contact information from these brochures.

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Selling your house can be quite an adventure if you choose to see it that way. It’s definitely a job, and when you’re the seller it’s definitely your job, nobody else’s. Of course you can hire professionals to help you when you’re selling your residence, but the job that can be an adventure is really your own.

I chose to see the process of buying and selling homes as an adventure many, many years ago. And I’ve explained my philosophy to other people, especially other investors by saying, “When you’re selling your house, see it as a treasure hunt for your perfect buyer.” That might sound silly at first, but there’s a lot more to that somewhat silly idea than first meets the eye.

Breaking it down simply, you have one house, and you need one buyer. You don’t need streams of buyers tracking through your home who don’t make offers. You need one buyer who wants your home very badly, meaning he or she is just as eager to buy it as you are to sell it. That is what I mean by the perfect buyer; I mean, as a buyer, that person or that couple is ready, willing and able to buy.

These days, there are a lot of buyers who are ready and willing, but unfortunately they are not able to buy. Mortgage lending practices have become so tight and restrictive that even buyers with good jobs and a good credit history are being turned down. It’s a very tough situation for buyers and seller alike. Everybody in the market place suffers when the mortgage money is tight. The healthy flow of money is what makes the economy strong, but unfortunately, money was flowing ‘way too fast in the last couple decades and that’s what is causing problems for us all today.

When you try to sell a house, your only house, you need to find one qualified buyer who is absolutely in love with it, and who has enough cash, or the proven ability to qualify for a mortgage loan to complete a transaction with you. It might sound a little harsh, but you are not looking for just any buyer, you are looking for the perfect buyer, and until you find him, keep looking. Remember what I said about a treasure hunt, and that selling your house is basically an adventure. You’ll need to keep those images in mind as you go through the marketing, negotiating and closing processes during your transaction. Having a good, healthy attitude is a big part of success in real estate sales.

About the Author:

A number of my friends are real estate agents. They have been telling me that their sellers are very often in hurry to sell these days. They tell me homeowners frequently insist, “sell my home quickly” and they don’t have much patience with the marketing and sales process at all. The fact is that many homeowners are obligated to move, and that’s why they need to sell quickly.

I must say that a rushed attitude on the part of their sellers is challenging for listing agents all across the country in the present economy. And it’s true regardless of neighborhood or price range of the houses involved. It’s just as true all across the board. Obviously, since there are so many houses on the market now, a house has to be prepared to stand out in the crowded marketplace. To stand out from other homes on the market, I have an action plan when I need to sell my home quickly. My action plan keeps me on track to accomplish my goal.

For my plan of action I need an old-fashioned piece of paper to make a list of steps required to prepare a home for sale. My action plan usually includes a bit of cleaning and fixing up, which means it includes hiring help. In many cases that involves listing with a real estate agent. Also on the list are other items I need to accomplish once my home is ready to show. I schedule showings for my neighbors so they can see my house, and I conduct these showings on my own if my agent isn’t available. It’s my house and my schedule.

That’s how I work with my agent, no matter what he or she may also be doing to market my property. I also place classified ads in the newspaper and post online announcing the time and date of open houses. Regardless of whether my neighbors have any interest in buying my home they certainly have friends and relatives who might be interested. Don’t forget that everybody has a group of peers who might want to know about my home for sale. I always assume that other homeowners and tenants in my neighborhood know others who would be interested in moving into the area.

My decision to list with a real estate agent depends on how busy I am right now with my other properties. But one thing to know is that whenever I list with an agent I make sure that the form I sign leaves me the opportunity to sell my home myself. That option is not well-known, and I assure you that your agent will not mention it either. Because I am a real estate investor I often sell my house quickly myself and my agents know that.

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When I’m thinking about how to sell my house one of the first decisions to make is whether to sign a listing agreement with an agent. I can actually do a great job of selling my house myself because I have sold many of my own houses as an investor. But it’s just easier to list with an agent sometimes. I’ve learned many things in my experiences with different agents and one important discovery is that more than one kind of listing agreement is available for selling a house. I realize this is not well-known to the average homeowner, so this article will provide important information for sellers. It changed the way I I do business once I become away of different types of listing agreements because I realized a seller can have more freedom in listing and selling a house.

Basically there are two common listing agreements. They are called Exclusive Right to Sell Agreement and Exclusive Agency Agreement. Trying to understand those terms is overwhelming at first, but will make more sense soon. Keep in mind that each state has different real estate laws, so I’m generalizing from my own experiences. It might not be the same where you live, so check the laws in your state. I always remember to check the state laws when considering how to sell my house.

The Exclusive Right To Sell Agreement is the most common listing agreement for a very good reason. It is the one you have undoubtedly seen when listing with an agent. Hopefully, the agent explained that by signing it you are agreeing to pay a commission on a sale, no matter who finds the ultimate buyer. The listing agent will be entitled to a real estate commission, which is a stated percentage of the final selling price. Take note that the Exclusive Right To Sell does not give you, the seller, the right to sell your house yourself without paying a commission.

Naturally, agents are not motivated to spend money advertising your house, or to spend time showing your house without the expectation of earning a commission. You can “except” any person from your Exclusive Right To Sell Agreement if you have already shown that person your home for sale, and that protects you from paying a commission in the event that named person buys your house. However, your agent may not be as motivated to market your house when there’s an exception in the agreement.

The other most common type of real estate listing agreement is called an Exclusive Agency Agreement. And it is different because it says that the agent will receive a certain percentage commission an agent brings the buyer who closes a sale transaction. But you retain the right to sell your house yourself without the obligation to pay a commission. This may sound great in terms of saving money, but you will not have your agent’s help at all, not with forms or anything. That means you’re totally on your own. Remember that. It’s easy for me when I’m deciding how to sell a home, but it may not work for you.

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