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Before You Buy A House – Top 10 Tips
1. Pre-qualify for a mortgage. Now you know how much house you can afford before you start looking. This will narrow your search and keep you “real” and not disappointed on houses you can’t afford.
2. Find a good neighborhood. Know the school...
Hiring Home Contractors
Have you ever had a problem with a home contractor? You're not
alone. A friend of mine paid over seven thousand dollars to have
his roof repaired, only to have it leak the next time it rained.
The contractor made excuses, but never did a thing...
How To Find A Good Realtor To Help You Through The Home Buying Process!
This will be one of the most important decisions you make in the house buying process. It’s almost as important as selecting the right house. The right realtor can make buying a house seem simple. The wrong realtor...well, take my word, and find the...
Real Estate Marketing – Beef Up Your Follow-Up
If you're a real estate agent, client follow-up should be a major part of your real estate marketing program. Whether it's a postcard mailing program through a direct mail vendor, or just a series of well-timed thank you cards after the transaction,...
Real Estate Terms – From Pre-approval Letter To Townhouse
When buying or selling a property, it always helps to have a basic understanding of real estate terms. In this on going series of articles, we take a look at definitions starting with “Pre-Approval Letter.”
1) Pre-Approval Lender Letter – a...
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Five Things To Do Before You Sell Your Home
1. Surf the Internet.
A NAR survey found a twelve-fold rise in the number of Internet home shoppers during the previous three years. Services found at http://Domania.com like "Home Price Check" and "Value Check" will help you assess your property’s value, using many of the same tools (comps) as a REALTOR® does. There are plenty of other real estate sites worth checking out. However, not all real estate sites are created equally, so surf wisely.
2. Determine the "right" time to sell.
Spring and fall are usually the hottest home-shopping periods, but the downside is that a glut of products makes it hard for yours to stand out. While your location can be a factor (i.e., it's easier to sell a Los Angeles home in the winter), some elements of timing remain constant. For instance, the last week of December may never be a good time to show your house. Most REALTORS® have been through years of real estate sales and can provide overview and advice that’s worth listening to.
3. Decide whether you will conduct a "FSBO" (for sale by owner), buy new construction or hire a real estate agent.
It used to be thought that selling your own home could save you thousands in commissions (about 5% to 7% of the sale price). Nowadays, brokerages featuring MLS listings and new construction are offering cash-back incentives and rebates that have blunted the appeal
of the ‘go it alone’ route. According to the National Association of Realtors, more than half of the people who do sell their home themselves say they would not do it again.
4. If you hire a real estate agent, do so thoughtfully.
Interview several candidates and check references. The National Association of Realtors (NAR) suggests that you ask prospective agents to create a comparative market analysis a marketing profile, and a suggested list price for your home. You might also want to compare REALTORS®
5. Consider MLS Listings.
Many folks just starting out may think a “For Sale” sign on the lawn will do the trick, but MLS Data (multiple listing service), which is collected by real estate agents around the country, provides your listing to thousands of people you’d never reach using just off-line techniques like newspaper ads. MLS data is fairly comprehensive, but keep in mind that not all MLS are the same. In fact, neighboring real estate franchises have occasionally been known to feature conflicting information.
About the Author: The editorial staff of Domania lives and breathes home values.
Find more advice and real estate tools at
http://www.domania.com
Source: www.isnare.com
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| Real Estate ABCs consumer tips, hints, and resources for home buyers, sellers, and mortgage borrowers. |
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| Washington, DC, Virginia and Maryland homes, real estate news and headlines. [Registration required] |
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