Month: May 2017

Buying and Selling A House

Buying and Selling A House

Buying and selling real estate is an extremely exciting time during a person’s life. If you are a first time home buyer then the experience is completely new to you. You will need to follow a few key steps in order to purchase your first home. These steps are the same for someone who has previously purchased real estate as well.

You must find a lender for the loan on the property you wish to purchase. You will need to acquire a pre-approval letter. Some real estate agencies require this before allowing you to view houses. Once you have your pre-approval letter for your loan then you can start searching for a real estate agent. Many people already know of a real estate agent. If you do not have a family member or friend who is a broker then you can ask friends, neighbors, family members and co-workers. Once you have selected the agent you want to work with you can then schedule a meeting.

When you sit down and meet with your real estate agent they will go over some basic questions to help you find any fripp island homes for sale beaufort sc or in any town across the United States. The first thing they will inquire about is your budget. Once that is established you will be asked how many bedrooms and how many bathrooms you wish to have in your home. You will have to decide upon parking spaces and garage space and basement options as well. Additional features that can be added to the MLS (multiple listing service) search criteria include yards, pools, fitness centers and parks.

Your agent will establish your account with the MLS and you will begin receiving emails with houses that meet your search criteria. Each house will have a green, yellow and red option. You will click green if you want to schedule a time to see a house, the yellow if you are considering the house but it may not have all of the features that you wanted and red if you do not want to see the property. You may receive several emails each week. If you are house hunting during the spring months when the real estate sales are at their peak you will see a much larger selection of homes to choose from.

After you have selected a few houses that you want to tour your agent will begin setting up showing times. Typically, an agent will try to set up showings back to back so you can see multiple properties in one day. This will help you make your decision in a timely manner. Once you have decided upon a property your agent will send a bid to the listing agent. If the seller accepts your bid, then a closing date will be set. If the seller comes back with a counter offer then you have the choice to meet their offer or try to further negotiate. The total closing process can take thirty to sixty days depending upon how efficient the agent and lender are.

How Can a Realtor Assist Selling Your Home?

How Can a Realtor Assist Selling Your Home?

Choose the wrong time to list your house, too high a price, or target the wrong audience, and you’ll discover that your house is going to grow stale on the market for many months to come. A real estate agent understands the complexities of any market and is an expert as far as marketing. Bringing the right buyers to the door is only the beginning, and your real estate agent is up to the task of making certain nothing derails this realty transaction once you get a buyer to present a contract. Here are some of the big benefits to hiring a local real estate manassas va agent to help with selling your property.

Eliminating the Concern of Large Amounts of Paperwork

If you have or know someone who has tried to sell a house recently without the assistance of a realtor, then you know how much paperwork is involved in getting to a closing successfully. Those days of creating a one-page purchase agreement and closing in weeks are long gone, today the average home purchase agreement is more in the range of twelve pages, and some more complicated than others. Your real estate agent has a team at the brokerage that assists with the burden of filling out papers in a timely manner so that nothing delays the home sale process.

Avoiding a Common Home Selling Mistake

One of the biggest mistakes a home seller will make is thinking they need to list the house price higher than the realtor suggests so they can make a bigger profit to cover the broker’s fees. This hurts your house listing in a number of ways. One, when you list too high, you shut out any potential buyers who may have been right near their maximum price. Secondly, the listing is going to get stale and you’ll be lowering the price soon as you chase the market, allowing buyers the chance to simply wait you out until they get the price they want.

Creating a Buzz About Your Property

One huge advantage that you will have when working with a local real estate agent is they have the ability to create just the right amount of buzz pertaining to your home listing. Your realtor knows what it takes to get a potential buyer emotionally invested, and will highlight those things the buyers are looking for in a listing. Things like deed restrictions, gated communities, school ratings, and proximity to shopping, just a few of the highlights that get buyers excited about moving into your location and buying your home.

Your real estate agent is going to work on marketing the house to a huge audience, spread the word with other realtors, and present the house in a way that draws in the biggest possible number of potential buyers. Once you have a contract in hand, your agent will stay on top of everything to ensure no little details are left that could have the chance to kill the sale at closing. They will do what you need.