1. Want to sell quickly? Then price it just under market value.
If you are looking for a quick close then look at the prices of homes around you and mark it just below theirs. For example, if similar homes are going for $210,000 price yours at $200,000. You really want to position yourself to be the one that sells. Plus, if you are looking to turn around a buy a home having cash ready in hand puts you in a powerful position.
2. Pre-Approval is just the beginning.
Even though you already have a pre-approval to buy it does not mean you are in the clear until the transaction has been closed. Just before closing, a lender will re-examine the buyer's financial situation complete with a recent credit history. If your numbers have changed for the worse then you might lost the loan. Never get new loans or start using credit cards more often until after you have actually closed on your home.
3. Selling a home might take longer than you think.
Every transaction is different and if you underestimate the amount of time it takes, it will add stress. Allow 4 to 6 months(just in case) for your home to sell. The amount of times depends on the market, and how smooth the transaction goes.
4. Not all buyers are able to buy.
Sometimes prospective buyers will show their pre-qualification letter. To obtain that letter lenders don't verify buyers information whereas for a pre-approval letter they do. Serious and smart buyers are pre-approved. They have already applied for a loan and been approved for a specific purchase price.
5. Yes, it really does need to smell good.
Sellers sometimes drag their feet on the important little details. When an agent is asked, "Do I really need to get the carpet cleaned and remove family photos off the wall?" The answer will always be yes. The buyer needs to walk into a clean slate and be able to imagine their life there.
6. We don't make as much as you think.
Chances are the agent you hire isn't getting as big of a cut in the deal as you might think. The truth is when you see a 6% commission the odds of the agent actually getting that are none. The average commission given is between 1 and 2%. Each broker has their own individual fees that must be paid.
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