Reasons to Sell If you decide to sell, we want to make sure that you get as many dollars and as few upset stomachs from the sale as possible.
Reasons to sell are almost as varied as the houses themselves. Here are some of the common, not-so common, and bizarre reasons that have prompted the sellers to put their houses on the market:
school district
neighbourhood
noisy neighbourhood
neighbourhood shopping
better job opportunities
recent marriage or divorce
expanding the family and increasing space requirements
kids are grown, no additional space is required
recent death of spouse
additional debt burden due to a lay-off, medical expenses, or overspending
serious house defects that owners do not wish to fix
climate conditions, health problems
How will the market affect the sale of my home? How much you sell for and how quickly you sell depends on local market conditions:
Buyer's Market
- More homes on the market than buyers. Lots of competition from other sellers. Prices drop. More conditions in the offer. Houses take longer to sell. - If you can make enough money to buy another home, as long as the sale fits in with your overall financial situation, sell the house and get on with your life!.
- All real estate markets go throught cycles. Over the long term housing prices tend to increase.
- If you do not have enough money to buy your next home, clarify to yourself whether you want or need to sell.
- If you want to sell but do not need to, then better wait for a while.
- if you need to sell, look for houses with smaller downpayment, or a family may help you out, or take out one of the low downpayment loans that some lenders offer.
- If you must move or relocate and do not want to sell, think of renting your property.
Seller's Market
- It is your time! Lots of buyers. Not too many houses. Prices increase. Conditions... Hm. Let the buyer try to insert any... Homes sell quickly. - If you have the desired amount of sale proceeds (extra money) and if the costs of the new home fit within your budget and financial goals, go for it.
But remember:
* Do not be greedy and overprice your house.
* Fit the sale of your house and buying the new one into your desired schedule. Otherwise you may not be able to afford your next home.
Balanced Market
- Sellers accept reasonable offers. Homes sell within an acceptable time period. Prices are stable. - Just like a fairy tale. Everyone is happy.
Hiring a professional to sell your home The HomeLife name means better service, more qualified buyers and the best price possible on your property. We know the community! Local Ties, Global Strength
To pull a tooth out - you will go to a dentist; to make sure the deal is legal - visit a lawyer; to sell a house - hire a real estate professional.
Agent's negotiating skills and knowledge of property values can add 5 to 10% to your home sale price.
Realtor will:
answer your question: "What is it worth?" (amount of money buyers are willing to offer and sellers are willing to accept).
develop a marketing strategy to introduce to the house as many potential buyers as possible
advise you of your rights and obligations
explain the options so you can make a wise decision
organize showing activities
supervise property inspections
negotiate with buyers on your behalf: best price, best terms
co-ordinate the closing process
communicate back to you all the relevant infomation received from other sources
Part of the HomeLife promise of Higher Standards is the "Pledge of Availability" which simply states that your HomeLife Sales Representative will be available whenever you need them and communicate with you regularly.
Type of relationship A stringent Code of Ethics and Standards of Business Practice guide all Realtors.
Under agency law, the Realtor legally owes you the duties and obligations associated with agency: full disclosure, confidentiality, obedience, loyalty, competence, accounting.
A Realtor must disclose in writing whose interests he or she represents in any real estate transaction. A Realtor may represent you both as a buyer and as a seller. In some cases, the Realtor may represent both the buyer and the seller involved in the same transaction.
Eight reasons why Sellers use a Realtor:
Protection - HomeLife Sales Representatives adhere to strict by-laws and Code of Ethics to protect sellers from fraud and misrepresentation.
Housing Trends - We have current market information on comparable selling prices for specific types of homes, allowing sellers to establish realistic prices while obtaining fair market value for their properties.
Advertising - Realtors have access to several forms of advertising.
Personal Service - HomeLife Sales Representative co-operate with third parties (lawyers, inspectors, government bodies) and also make suggestions to sellers on how to make a home more saleable
Qualifying Buyers - to determine in advance their financial ability to purchase. This saves both buyers and sellers a lot of time and ensures that the process is as smooth as possible.
Negotiations - HomeLife Sales Representatives are trained professionals who can answer questions pertaining to documents and the sale.
Financing - HomeLife Sales Representative will continually gather information on the latest and best methods of obtaining mortgage financing and be prepared to assist buyers to assure speedy sales.
Continuing Education - Realtors are required to constantly upgrade their professional abilities. They have the right to earn professional designations by completing additional education. Continuous training at HomeLife University education centre ensures that our team develops the Higher Standards needed to maintain a leading rate of repeat and referral business.
Issues to consider before selling To eliminate delays in or cancellation of the transaction see if anything applies to you as a seller:
Has anyone else, except you, an interest in your property? » They will have to agree in writing.
Is your mortgage required to be discharged? » Then it must be registered on title.
Was the property severed at any time? Do you have any written confirmation? » Takes a long time to obtain one.
Do you have a Plan of Survey? » Does not matter how ancient it is, but better you have one.
You have an apartment for rent. » Is it legal?
Paper work to have ready
Mortgage information.
Property Tax Assessment and Bill.
Survey.
Bills (e.g. heat, electricity).
Receipts with dates for major repairs (e.g. roof or plumbing).
Age of the home.
Fixtures, Chattels, Rental Items
Fixtures » Things to be left with the property.
Chattels » Things that you plan to take with you.
Inclusions » Things that you are willing to sell with property, e.g. appliances.
Exclusions » Things that are part of the property but you plan to take with you.
Rental items. » Company name, serial number, rent per month.
And a lot of other issues/questions » » I will explain: what, how, and where to obtain if the need arises.
thinking of selling: Reasons to sell, Market and the sale of my home, Issues to consider before selling, Papers to have ready, Fixtures, Chatterls, Rental items
