A Short Guide to Selling Your Home
Before the listing appointment,
both the home seller and the listing broker are busy. While the
home seller collects a list of documents requested by the broker,
the listing broker studies recent neighborhood sales of homes comparable
to yours, and also comparable homes currently for sale. All data
is cross-referenced in our Real Estate computer system - to maximize
your return on investment.
At the listing appointment, the listing broker will want to inspect
the house and yard to become familiar with it's special features.
You have probably enjoyed living in your home and have been pleased
with its many unique features. Your listing broker will want to
tell prospective buyers about the special features of your home
and neighborhood. Be ready to specify about schools, day-care, nearby
metro, and other desirable community features.
After conferring with the listing broker on market conditions,
comparable nearby sales and listings, and available financing, the
home seller will set the listing or "asking" price for
the house. A common definition of market value is: "What a
ready, willing and able buyer will pay, at a price a seller will
accept. Our job is to Maximize your leverage on your home without
overpricing it. There's a rule of thumb that says: "A house
priced more than 5% over market value discourages offers" -
Buyers who can afford the price can get "more house" for
their money elsewhere. Buyers who cannot afford the price simply
won't look.
It's a good idea to do a sample "Net Sheet". Based on
the sales price, the listing broker will go through a worksheet
that estimates the "Net cash" from the sale. Simply, this
exercise subtracts anticipated charges paid by the seller from the
sales price. A copy of the "net sheet" is left with the
seller.
Get your financial ducks in a row. No sale can be completed without
financing. That is why it is generally to the home seller's advantage
to appeal to the greatest number of home buyers by accepting the
greatest range of financing plans. We can help explain the differences
between the newest loan programs available.
In anticipation of a buyer's offer, the home seller must be ready
to supply the listing broker with a specific list of the personal
property that is included in the real estate property for sale.
Examples of items to "convey" may include: draperies,
drapery rods, remaining heating oil, firewood, washer, dryer, refrigerator,
stove, microwave, disposal, swimming pool chemicals, awnings, storm
doors and windows, screens, venetian blinds, shutters, window air
condtioners, etc.
|