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Archive for June, 2008

Ask Your Real Estate Agent These Questions

Tuesday, June 24th, 2008

A real estate agent is a person licensed by a state to represent a buyer or seller in a real estate transaction in exchange for a commission. They work in association with a real estate broker or a brokerage company. Smart customers always want an agent who will help and guide them to find a suitable home that meets their needs and can get them through closing without any hassle. On the other hand, a good real estate agent should know how to counsel you, how to give answers to your queries to better serve you. Therefore, interviewing a potential real estate agent is a sensible idea before deciding on him/her.

What will be your strategy for my needs-Buyers should expect their agent to have a plan to help them find their right house within a stipulated period. They expect their agent to have good information about each property and every thing related to it like professionals who will be helpful in inspection and financing. Sellers, on the other hand, expect their agents to sell their house in a good price. What will be your price-Generally, real estate agents charge a percentage from either the seller or buyer, they represent. A listing agent may charge more. What happens if I am not satisfied with your services-If, after a certain period, I realise you are not good enough for my needs, will you cancel the agreement? What is your company’s policy about cancelled agreements? Last, but not the least, why you think I am going to choose you-A good agent will not hesitate to answer this. Most customers want their agents to be good communicators, honest, punctual and friendly.

Is Your Home Priced to Sell

Tuesday, June 3rd, 2008

Selling a home is a major life decision. You have put a lot of money and hard work in caring for and maintaining your home. When setting the asking price for your home it can be emotional and complicated. Unless you have your home appraised there will be a little guess work and research on your part to set the asking price. Most people don’t have their homes appraised because it cost a few hundred dollars and the bank will require their appraisers to visit after the sale of the home anyhow. The best way to determine the asking price for your home is to look at properties that have sold over the past few months, look at current homes for sale that are similar to yours in the same area, look at pending sales, and look at expired listings. By analyzing this information you will be able to determine a price range for your home. The best way to get this information is to contact a professional real estate agent and ask them for a CMA on your home. He/she will come out and look at your home, take notes, and gather the required information. Typically, you will get a well-formatted report that details all the necessary information needed to make an educated decision on pricing your home. By choosing the correct asking price your home will sell much faster because it will attract more attention and potential buyers. Also, real estate agents that are familiar with the local market will be more inclined to view and show your home because they know that it is priced correctly and it won’t be a waste of time for their clients. If the real estate market is strong in your area homes that are introduced to the market should draw a lot of interest in the first couple of weeks, especially if they are priced at the market value. If the price of the home is too high then potential buyers could be left out because the price was outside their range. In the end it is the buyer who sets the selling price, not the real estate agent and not you. Your home is only worth what someone is willing to pay for it so price it right and it will sell in a reasonable amount of time.