- Do I wait to put my house on the market until I find what I want? No. You will want to put it on the market as soon as possible so we can get it in front of buyers. Making an offer on a property without the contingency of selling yours first puts you in a better position when there is more than one buyer.
- What if I want to buy a house and haven’t sold mine yet, can I still buy it? Yes, you can. I simply write up an offer with a contingency clause in it whereby your house must sell within a certain timeframe so that you can buy the new house. If your house doesn’t sell in that timeframe, we simply renegotiate the contract or void it with no penalty to you.
- But I hear it’s a Buyers or Sellers Market, is this a good time to do this? Yes it is. This may be one of the best times to do this in fact. Interest is down to an all time low, which helps out on both the buyer's and seller's side, especially since after the seller sells, they will be in the buyer’s position and needing a mortgage as well. The market pretty much is reflected in most areas by the agents, how yours fights for you makes all the difference.
- How do I price my house? I need to get every penny. The best way is to have me come out and actually see the property, walk through it and note every room and advantage. Judging by the house next door or what the neighbor said the house down the street sold for is not effective at all. A full-time trained agent can tell you about your property and the current market not only in that area, but that subdivision.
- How does an agent price a house? I do what is known as a “CMA” or Comparative Market Analysis. This takes hours to do right and is a free service to clients who are considering selling their house. I take properties that have sold in the last 6 months preferably, never exceeding one year, and see what has sold in that area. Then comparing these to yours gives me a very close estimate of what someone in that area is actually willing to pay.
- What is the difference of a comparative market analysis and an appraisal? An appraisal is what it would cost to replace your house in the event it is destroyed. This is used to determine whether a bank will loan money on your property. An analysis reflects what someone is actually willing to pay for your house in the given market considering the upgrades you have done to it. To one person that rare stamp is worth a million dollars, to another it's postage for a bill. While appraisals can say a lot of things, the number you really need to be aware of is what someone will really pay for it.
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