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Setting An Appropriate Price | Click here
When you put a house up for sale, there is a high probability that the asking price will be lowered. The key is knowing when to lower and how much to lower. We will show just this, when to lower your asking price and by how much.

The Kitchen - How It Can Help Sell Your Home | Click here
Some people say the kitchen is the heart of the home. Discover tips to making your kitchen the ideal selling tool. We will present you techniques that will better the attractiveness of your home, through your kitchen.

The Art Of Refinancing | Click here
Many homeowners are exploring the option of refinancing their current home mortgage loan. Learn what the big secret is attracting homeowners to refinancing.

Selling Mistakes To Avoid | Click here
You've had your house on the market and right now, the market is hot. Why isn't your home selling? There could be several reasons that a house doesn't sell quickly. Here are some considerations...

Showing Your Home | Click here
Learn how to make your home on the market available for viewing at all times. This can be done with simple techniques that will not inconvenience your everyday life. And at the same time allowing maximum exposure of your home for sale.

Tips For Moving | Click here
You have two options for moving - using professional movers or doing it yourself. There are pros and cons to both, learn what they are so you can determine which is the best method for you.

Advertising Your Home | Click here
The more your home is advertised, the more people will know it's for sale, which increases the chance of it being sold quickly. What method of advertisement do you use? Discover what methods we find most productive, maximize on the exposure of your home.

How To Sell Your Home | Click here
There are nine steps in selling a home. If you are one of the many having problems selling your home then this article is for you.

Listing Contract Details | Click here
In addition to the obvious things in a listing contract such as seller name and property address, there are some other things you need to be aware of. Do you feel you are aware of these components? If not then read the article to avoid misunderstandings about contracts.

Open Houses - Do They Work? | Click here
For many people, running an open house is an efficient way of getting the most exposure to sell a house, in the shortest amount of time. Learn why...

How To Spruce Up Your Home | Click here
Before selling your home you should take a fix-it inventory of your house to see what needs to be done to prepare the house for sale. After all, you may be OK with the worn spot in the carpet in the den, but your buyer may not. Learn some quick tips to help improve your home before you sell.

Got A Realtor? | Click here
You are selling your home, and you want to get the best price you can to maximize your profit. Do you need a Realtor? Can't you sell it yourself and save on the commission? The answer is yes, but there is a more efficient and successful option out there for you.

Which Is The Best Season To Sell Your Home? | Click here
Realizing the time has come to sell your home can create mass confusion. Timing is everything in real estate; however, some also believe one season is better than another to sell your home. Learn the truths and myths about what time of the year is best to sell your home.

Find Out the Value of Your Home -  Free Analysis | Click here
Get an over the net estimate of how much your home is worth. We search the local MLS, along with data the public does not have access to, and find out how much your home is worth in current market conditions. This service is Free for anyone requesting information through this website.

The Most Money For Your Home And Resell Tips | Click here
If you want to get the most home for your money, you need to make sure you are in the best negotiating position possible. We will show you how to get there.

Real Estate Process Explained | Click here
This report explains in details the entire process of selling real estate. Learn the process, what to expect during each step and how long each process takes. Get rid of your uneasiness by educating yourself!

Having a REALTOR on Your Side | Click here
When looking to buy or sell a house, many people try to go without a real-estate agent. This decision may seem like a "money saving" step, but it could actually end up costing you thousands of dollars in the end, even though you feel like you're saving money.

Want To Know What Your Neighbors House Sold For? | Click here
Majority of home sellers will take the first step to selling their home by seeing what a home down the street sold for. Smart! This is why we offer this service for free!

Why Home Sales Fall Apart

Steps Sellers Should Take to Ensure Smooth Transaction

By Dian Hymer

Most sales fall apart because the buyers discover something new about the transaction that they didn't know when they made their offer. This could be new information about the property, the property condition, the neighborhood, how much they can afford or the price they agreed to pay.

Most of these deal-stoppers can be avoided by taking a proactive approach to your real estate purchase or sale. It takes a lot of time and emotional energy to put together an offer to buy a home. Why go through the process unless you're sure that there aren't any obvious reasons why you shouldn't?

For example, there's no excuse for a transaction falling apart because the buyers couldn't get the loan they needed to complete the purchase. Mortgage pre-approval can be accomplished within a day or two, and ideally should be done before an offer is made. Pre-approved buyers know they are creditworthy and how much they can afford to pay.

Sellers should think twice before accepting an offer from buyers who haven't been pre-approved. It's tempting to accept any offer if your home has been on the market for sometime unsold. But, think of the time lost if you're home is taken off the market for an under-qualified buyer.

You could counter an offer from buyers who haven't done their financial homework with a provision that they provide a pre-approval letter at acceptance. Give them a couple of days to respond.

More often than not, home-sale transactions fall apart because the buyers receive negative information about the property after they are in contract to buy. Sellers can avoid this sort of deal killer by disclosing information to buyers before they make an offer.

HOUSE HUNTING TIP: Disclosure laws vary from one state to the next as to what a seller needs to disclose to a buyer. However, regardless of what may be legally required, it makes sense from a sale standpoint to provide information to buyers that could be detrimental to a sale before you accept an offer. That way, buyers can make an informed decision before entering into contract as to whether they want to buy the property.

In the interest of upfront disclosure, it makes sense to order pre-sale inspections of the property. This is not done to preclude buyers' inspections. Buyers should be encouraged to inspect the property. However, if you know that your roof is at the end of its life and you're sure it will be an issue for buyers, don't ignore the situation.

Take a proactive approach and order a roof inspection from a reputable roofer. If he says that the roof is at the end of its life and needs to be replaced before the next rainy season, ask for an estimate and make this available to buyers.

By doing so, you accomplish two goals. First, you can accept an offer without having to fear that the deal will fall apart when the buyer discovers the roof is shot. Second, by providing buyers with the cost estimate, you eliminate an unknown that could stand in the way of the buyers making an offer at all.

Another way to avoid a cancelled sale is avoid a long close of escrow. The longer the close, the higher the likelihood that something will go wrong. One seller insisted on a three-month closing; the buyer wanted to close in 30 days. The buyer agreed to the longer close. After a couple of months, the buyer suffered a financial hardship that made it impossible for him to close at all.

THE CLOSING: Some sellers like the comfort of living in their homes awhile before moving on. Yet, with the finality of a closed sale comes money in the bank.

During a Slow Market, Plenty of Reasons To List Your Home With An Experienced Agent

 

By John Adams

 

A friend called recently asking whether I thought they should sell their home “by owner” or list with a real estate agent.  I replied that “it depends” on their circumstances.

 

            In today’s world of real estate, a seller has more options than ever.  You can list with a traditional real estate agent and pay a typical commission of 6% or 7% of the purchase price, or you can go it alone and try to save the commission.  In addition, there are many brokers who offer services somewhere in between, charging different fees for various services you might select. 

 

            If you are trying to make the same decision about how to sell your house, here are some topics we talked about.  You will likely want to list your home with a traditional real estate agent if:

 

·        If you are in a hurry to sell your home.  Let’s say your spouse has been transferred to Chicago and he’s already there living in a hotel, and the only thing keeping you here is the house, you need the full benefits of a full-time professional to get your home sold as quickly as possible. 

 

Remember that a significant part of the buying market is being transferred into Atlanta, and those buyers work almost exclusively with agents.  These are the hottest buyers in town, with a high motivation to purchase quickly and cash in their pockets.  And those buyers usually don’t view homes listed “by owner.”

 

·        If you have never sold a house before, and you simply don’t have a comfort level with the transaction and the steps needed to make the sale happen.

 

Getting a buyer to agree to pay a certain price is just the beginning.  And if you’ve not sold a home before, you can easily miss an important part of the process, putting your entire sale in jeopardy.  Effective agents specialize in getting the sale to the closing table.

 

·        If your home situation makes the prospect of showing your home to strangers and uncomfortable task, you will welcome the agent’s presence when your home is shown. 

 

Fortunately, reports of crime associated with home sales and open houses are rare, but anytime you open your home to the public, it’s smart to anticipate potential problems.  You’ll wan to screen prospective purchasers, and make sure you are not “home alone” when showing your home to interested parties. 

 

·        If you are trying to sell in a slow market, like the one we are in now, and even a small advantage in marketing may make the difference between a sale and another sixty days on the market. 

 

For example, agents are members of the local multiple listing services, and that’s where other agents go to find prospective matches for their buyers’ needs.  Having your home listed in the MLS is a huge advantage over simply having a “for sale” sign in the yard. 

 

In addition, Many MLS listings are automatically placed on national listing websites like realtor.com, where out-of-town buyers are more likely to view them. 

 

·        If your time is better spent doing whatever it is you do than answering lots of unqualified callers’ questions about your house and how low you might be willing to go.

 

Some folks are simply so busy with their current job that they really have no business taking on the task of trying to sell their own home.  Answering calls and returning inquiries is time consuming, not to mention the obligatory open houses you will want to hold on the weekends.  In contrast, agents are set up to handle this type of volume, and have systems in place to convert leads into buyers.

 

·        If your skin is so thin that you will be personally offended when a prospective buyer makes fun of your decorating, then you need someone else to handle the sale.  Buyers come from all backgrounds and walks of life, and everybody’s got an opinion about your paint colors and your furniture.  To make matters worse, they will want to poke their head into every nook and cranny of your house.  If you have skeletons in the closet, they will come out. 

 

Part of the selling process is encouraging buyers to visualize themselves living in your home, asking them how they might make changes to better reflect their own likes and dislikes.  If that process will offend you, call an agent.

 

And finally,

 

·        If the idea of negotiating prices back and forth with the purchaser is distasteful to you, you should probably hire an agent.  Most buyers in today’s market expect the seller to haggle at least a little bit, and it’s not unusual for buyers to make initial offers well below what they are truly willing to pay.  Yet our society discourages the process of price negotiation that is so common in other parts of the world.

 

Agents receive training in how to handle these back and forth negotiations, trying to bring the parties to a meeting of the minds, and getting to a final acceptable price.  If the thought of that process makes you queasy, you probably need to list your house with a traditional agent. 


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Robin Boaen
Keller Williams Realty Coastal Area

3 Oglethorpe Professional Blvd, Savannah, Georgia
Office: (912) 356-5001 
Robin: (912) 272-3826
Fax: (912) 356-5101
Robin@SavannahResidential.com