If you're selling a house or thinking about it, you've probably asked yourself that age-old question: should I renovate the home before putting it on the market?
Self-storage options are becoming more common, and their appeal has been getting more popular year by year. They are quite a helpful solution to many problems that occur while selling your home. By getting a self-storage unit, you can give yourself a headstart and ease the complicated process of selling your house. We know preparing to sell a home can also be stressful, but some things can ease the process. For instance, elf-storage can help you sell your home faster, and we'll tell you how.
This short video from realtor.com gives great facts, we totally agree with.
4 Reasons To Sell Your Home in the Winter
1. Low inventory = less competition.
The general consensus of sellers was like you before you read this blog thinking that winter would be a bad time. That's great for you! They won't list their home, but you will and won't have to compete.
2. Show off your preparedness.
Highlight all your winter features - fireplace, double pane windows, how recently your furnace was serviced.
3. Serious buyers brave the elements for their dream home.
Spring and summer people are out and about and the market is saturated. People like to window shop. In the winter, buyer's are more serious when they brave the elements to see your home.
4. Grab movers and upgraders.
What happens in the beginning of the new year? Financial bonuses and corporate relocations. There's a good chance you can snag buyer's looking for a home to buy fast.
Planning to sell in the spring? Don't wait LIST NOW while winter is still here.
As you’ll see in this video, real estate marketplaces are generally most active in summer because families with children want to move in before school starts. So more homes are typically available in summer as well. But buyers and sellers tend to balance out in other seasons, too especially in today’s tight market. There may be fewer buyers in late December but usually fewer homes, too. So, prices tend to rise or fall on general demand in that market rather than time of year. It’s best to sell when you & your house are ready to sell. Start working with a real estate professional as early as possible to make the most of your sale in any season.
The term “agency” is used in real estate to help determine what legal responsibilities your real estate professional owes to you and other parties in the transaction.
The buyer's representative (also known as a buyer’s agent) is hired by prospective buyers and works in the buyer's best interest throughout the transaction. The buyer can pay the agent directly through a negotiated fee, or the buyer's rep may be paid by the seller or through a commission split with the seller’s agent.
The seller's representative (also known as a listing agent or seller's agent) is hired by and represents the seller. All fiduciary duties are owed to the seller, meaning this person’s job is to get the best price and terms for the seller. The agency relationship usually is created by a signed listing contract.
A subagent owes the same fiduciary duties to the agent's customer as the agent does. Subagency usually arises when a cooperating sales associate from another brokerage, who is not the buyer’s agent, shows property to a buyer. The subagent works with the buyer to show the property but owes fiduciary duties to the listing broker and the seller. Although a subagent cannot assist the buyer in any way that would be detrimental to the seller, a buyer customer can expect to be treated honestly by the subagent.
A disclosed dual agent represents both the buyer and the seller in the same real estate transaction. In such relationships, dual agents owe limited fiduciary duties to both buyer and seller clients. Because of the potential for conflicts of interest in a dual-agency relationship, all parties must give their informed consent. Disclosed dual agency is legal in most states, but often requires written consent from all parties.
Designated agents (also called appointed agents) are chosen by a managing broker to act as an exclusive agent of the seller or buyer. This allows the brokerage to avoid problems arising from dual-agency relationships for licensees at the brokerage. The designated agents give their clients full representation, with all of the attendant fiduciary duties.
A transaction broker (sometimes referred to as a facilitator) is permitted in states where nonagency relationships are allowed. These relationships vary considerably from state to state. Generally, the duties owed to the consumer in a nonagency relationship are less than the complete, traditional fiduciary duties of an agency relationship.
Reprinted from REALTOR Magazine
How long have you been in residential real estate? Is it your full-time job?
Like most professions, experience is no guarantee of skill. But much of real estate is learned on the job.
Do you have any designations or certifications?
Real estate professionals have to take additional specialized training in order to obtain these distinctions. Designations and certifications help define the special skills that an agent can apply to your particular real estate needs. One designation buyers should look for is the ABR®, or Accredited Buyer’s Representative.
What’s your business philosophy?
While there’s no right answer to this question, the response will help you assess what’s important to the agent and determine how closely the agent’s goals and business emphasis mesh with your own.
How many buyers did you and your real estate brokerage represent last year?
This will tell you how much experience they have and how up-to-date they are on the local market.
What’s the average variation between your initial offers and final sales price?
This is one indication of a REALTOR®’s pricing and negotiating skills.
Will you represent me exclusively, or might you choose to represent the seller as well?
While it’s usually legal to represent both parties in a transaction, your REALTOR® should be able to explain his or her philosophy on client obligations and agency relationships.
Can you recommend service providers who can help me obtain a mortgage, make home repairs, and so on?
Practitioners should be able to recommend more than one provider and let you know if they have any special relationship with any of the providers.
How will you keep me informed about the progress of my transaction?
The best answer here is a question. A real estate agent who pays close attention to the way you prefer to communicate and responds accordingly will make for the smoothest transaction.
Could you please give me the contact information of your three most recent clients?
Ask their former customers if they would use the agent again in the future.
Reprinted from REALTOR Magazine
Just Sold! Congrats to Andrew and Emily on the purchase of their home in Indy. It was great working with you!