Tagged : sellers

Found 12 blog entries tagged as "sellers".

 

Buying or selling a home is one of the longest, most detailed transaction processes anyone will experience in a lifetime. And yet, one of the most common questions people ask is, “Do I really need a real estate agent?” 

Why you need a real estate agent

  1. You can’t automate real estate.

    Many grocery stores have self-serve check-out lines. Most gas stations have credit card machines built into the pumps. Some restaurants even allow you to punch your own order into the computer. But a real estate transaction is far more complicated than buying milk and bread. Automating the process of buying and selling property leaves far too much room for mistakes like missing legal deadlines or failing to obtain the appropriate inspections, to name just

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 You’re ready to buy a new home, sell your old one, or both. You know a Realtor. You think you know your way around a Real Estate Transaction. It’s go-time!!!

But like Mark Carroll from Round Table Realty said, “Sometimes you don’t know what you don’t know.”

There isn’t a Realtor on Earth who hasn’t had an “oops” during a transaction. Every single sale is different in Real Estate and you can’t expect a human being to be perfect. But if you can avoid some of the more common pitfalls by knowing when it might be time to find another Realtor, you could save yourself a lot of headache.

It might be time to fire your Realtor if:

  1. ...communication is lacking. If your phone calls and texts aren’t returned within the hour, it’s time to say

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A commercial for a popular iBuyer is making its rounds on television and radio.

“I was able to sell my home in less than 30 days with the help of <Company's Name>…”

If it sounds too good to be true, it probably is. Do a little bit of digging and you will discover that homeowners lose untold amounts of equity in their homes thanks to these companies. 

What is an iBuyer?

An investing company offers to purchase your home, sight unseen, for cash. Instead of cleaning your home, fixing up the little issues like cleaning windows and replacing light bulbs, staging the home, and rearranging your schedule around showings and open houses, you simply list your home for sale and then watch the iBuyer offer roll in. No pesky negotiating. No long-term

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Traditionally speaking, a Real Estate team shares everything. That means two agents (or more) share the work and the profits of all transactions right down the middle. Often times one is in charge of buyers and the other sellers. The team set-up inspires many agents to do better and be better, but it can also create big-time resentment (if one perceives the other is doing less work or making more money). When Keith and Howard started Round Table Realty in 2010, they weren’t too keen on hiring Realtor teams.

“I know we’re a team, but we didn’t do things like the other teams we saw in the business. We didn’t keep score with each other,” Keith said. “We just decided that we would help each other be better because we wanted to do Real Estate that

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People do it every year. They sell their homes without a Realtor (for sale by owner). And frankly, many of them do it successfully and without regret.

With the advent of the Internet, almost everyone now has “Google Doctorate” in something. They read about a subject just long enough to feel competent. You might have noticed this by the amount of For Sale By Owner signs now perched outside of homes in many neighborhoods. Many of you have learned you can get more money by paying less in commissions if you sell your homes without a Realtor. Why wouldn’t you go FSBO?

We’ll tell you why - Traffic!

The first and most obvious reason is that selling a home yourself means your home isn’t listed in the MLS (Multiple Listings Service) database. Public

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The government’s partial shut down this past month doesn’t seem directly related to the Real Estate market. But like many other areas of finance in the country, the effects of the shut down are trickling through in ways many Realtors expected but hoped to avoid.

The most affected area of Real Estate? Loans. “Most lenders rely on IRS transcripts regularly to qualify buyers for their loans,” Sarah Burbage of Movement Mortgage told us. “If they cannot summon a transcript, loan applications are delayed. That's why you need lenders like Movement who can often find other ways of qualifying buyers. A lot of lenders can't do that and so right now, buyers are stuck." The IRS began releasing transcripts again on January 8, but the transcript requests are

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You can spend a weekend on the couch watching HGTV and take notes on home trends. Chip and Joanna or those Property Brothers are a great resource, but unless you are a professional carpet-straightener with an all-in investment of $800,000, there's a good chance you won't ever achieve those levels of trend-greatness. 

 

In better news, having a Realtor on your side will actually give you a tremendous advantage. Realtors are going in and out of houses all day every day. They're watching trends in real time. So while the following trend tips can help, your specific home might call for different trends. First and foremost, find a Realtor who can tell you if this list applies to your home...

Trend #1 -  Backsplash Take a chance on your…
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In a case filed this year against one of New York's most prestigious Real Estate companies, Houlihan Lawrence, plaintiffs are arguing that the brokerage duped them into signing dual agency forms. Dual agency is when a Real Estate agent can represent both the buyer and the seller in a single transaction, which means that neither party has the benefit of full-disclosure, loyalty, or confidentiality. The agent is working for the deal, not for the people involved. The law in New York states that both the buyer and seller must be fully informed if a Real Estate agent is acting as a dual agent. While the case is still pending and it's possible the plaintiffs did sign documentation that their agent was acting a dual agent, it doesn't mean they understood the

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"Just up the street from me there is a beautiful, 5 bedroom/4 bathroom home with lots of space and a beautiful layout. But I was shocked when I actually walked through the home. There were so many thing I would have changed to help the home show better. Sometimes a listing agent doesn't explain the importance of a few basic upgrades and house-cleaning issues to the homeowner prior to listing a home, and sometimes a homeowner just doesn't listen because they believe they know better than the agent. At this point that home has been on the market over 100 days..."
-An RTR Agent

 

We see it happen more than we'd like - beautiful homes sitting on the market because an agent didn't do their job or a homeowner is afraid to take their agent's advice.…
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What's the first thing buyers look for when they're searching for a new home?
Home prices.

It's the most obvious answer because most of us have a budget we must keep our monthly expenses under. While buyers are typically accurate with what they can afford, they miss the mark when it comes to understanding how much a home actually costs. They leave out figures like taxes, which are often applied to their monthly payments. They leave out home owners' insurance and home owners' association fees, also billed monthly. And they don't take into consideration the ongoing maintenance costs that come with owning a home (often because they were previously renting and weren't responsible for those fees!).

When you begin your home search, get in touch with a…
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