Last week I discussed ways that you can promote selling your house and options that you may not have known about to sell your house without a Realtor. Today I want to talk to you about a technique that we use often to get our properties sold quickly.
This technique will often create a “feeding frenzy” among real estate agents and it will get your property a lot more showings than the “typical” showings that a real estate agent does. And in today’s market more showings lead to more offers which leads to a sale. Although this technique does not get you out of paying a real estate agent fee, it will help in selling the house faster. To explain this technique first I will need to explain how a regular real estate agent agreement works, then I will explain how we do it. (more…)
There has been a lot of information in the news about how the real estate market is slowing down. It seems that the interest rates are starting to rise and the sub-prime or risky loan market is having a lot of trouble right now. This has caused concern for many people that NEED to sell their home and don’t have the luxury of waiting for the market to change.
Many homeowners have started looking at other options such as selling their property to an investor or an investment company. If you have noticed a lot of investment companies have sprung up almost overnight. It seems that anyone who saw one of those late night infomercials is now doing real estate. (more…)
The most vital and primary investment of any person is a house. It is not only a shelter for the family but also serves as a valuable asset in weathering all adversities. The real estate thus has proved to be one industry over the years that has experienced consistent boom. There are people buying and selling properties which earns them good profit. Thus are many investors who believe and follow the statement that says “We buy your house”.
Apart from earning profit in buying and selling property there are many people who sell their house because of some urgent necessity. Most of the people spend their entire life in order to own a house. There are many such people who end up selling it for some reason. There are times when due to transfer in job you may have to sell your house fast. There could also be some financial urgency which could lead you to come out with a statement that says “Buy my house for cash”.
Whenever any such situation arises you need to ensure that you do not end up compromising on the actual value of your property. No doubt that you as the owner will want to sell the house as soon as possible. However, there are certain things that you need to consider before making the final decision.
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Preparing your house to be sold is absolutely critical to the sale process. Unfortunately for most of us, we live in the house we are trying to sell. This means it may not be in show ready condition at this time. There are certain things buyers are going to be looking for and you need to be ready. When ever you make improvements to raise the value of a property it is known as forced appreciation. Some of the best but not so cheap things you can do are…
Add a Garage – Though not cheap, this will add the most value to a home.
Remodel the Kitchen – Kitchens sell houses. Open the floor plan if possible.
Add a Bathroom – The more the better.
New Windows - This lets the buyer know your house is not going to have outrages bills.
Privacy Fence - People love their privacy.
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In the last couple of weeks I have been discussing things that you can do to sell your house quickly. This week I wanted to touch on a way to sale that has been around for a long time but is really starting to pick up steam in the residential sales market. House Auctions.
Many people are starting to turn to selling there house by auction. The auction format has many advantages but it also has it share of downfalls. A house auction can be performed a few ways but the most general way is for a seller to announce that the house will be auctioned off on a set date and time. They let the general public know the terms in which they will be selling the house.
The terms normally include the starting bid amount, the qualification guidelines to be considered a genuine buyer, and the way the auction will take place meaning will it be a sealed bid auction where everyone writes down there offer and the highest bid is accepted or a round robin auction where the 3 highest bidders will be allowed to continue bidding against each other until only one is left.
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The winds are changing…
In case you haven’t noticed the market in and around Chicago has changed. We are now officially a buyers market, meaning that it is now better to be a buyer of real estate than a seller of real estate. That leaves a lot of home sellers left holding the bag trying to figure out what to do. Well, while there is no secret to selling your house quickly there are a lot of things that you can do to better the chance of a buyer making an offer on your house. Over the next few weeks I will discuss some of the best things you can do to speed up the sale of your house.
The first thing you can do which is probably the most obvious is get the house ready for showings. If you know of any large or noticeable cosmetic repairs make the repairs before you start showing your house. If you have dirty or oddly colored walls repaint the walls. Use an eggshell white flat paint because that is the most accepted and neutral color when sellers are looking at houses. (more…)
Last week I discussed preparing your house for showings to get your house sold quickly. This week I will discuss the next step you can do to sell your house quickly.
The next thing to do is actually two items. Pricing and Terms. Many investors or regular house buyers can be attracted to your house by pricing or terms. If you price your house correctly then you can quickly attract a buyer that is trying to beat the price on other properties in the area. The best way to properly price your house is to find out what other properties in your area are selling for that are of similar size. In other words the other houses need to have the same number of bedrooms and bathrooms as well as similar amenities (basement, brick or frame, garage, etc.). After you find out what other properties in the area are selling for you must set your price at a level high enough to satisfy you but low enough to make sellers feel that they are getting a good deal compared to other houses in the area. (more…)
Lately, I have been talking to people every week that really want or need to sell their property but they have not had much luck. They are caught between a rock and a hard place. Most sellers in this market feel they only have two options. The first option is to sell your house at a much lower price and just take what you can get or the other option is to hold out and be stubborn until someone agrees to pay the price you are asking. All the while you are paying a mortgage and or taxes and or insurance. Well, what most sellers don’t realize and I try to show them, is that they have a third option that gives them the best of both worlds. That option is selling your home on terms. Selling a house on terms is not new. It has been around for a very long time. Most of the people that I talk to ask 4 questions about selling on terms. Here are my answers.
1. Is selling on terms putting me at risk?
Many people are concerned when selling a house on terms because often times the mortgage stays in their name. But the reality is that if properly setup you can almost guarantee that mortgage payments will be made and that the property will be maintained until your name is completely removed. (more…)
Many people believe that they can sell their house on their own without any help from a realtor. They believe they can save the money on the closing costs by selling their own house. This is especially true because the internet has allowed for a vast flow of information and is an endless resource. However while some are successful this is something that you may want to reconsider.
There are many different reasons that you would want to use Parker realtors to help you sell your house. The first reason is the most important and that is time. It takes a lot of time and effort to sell a house. You may have no problem putting in the time and effort however you will encounter a lot of problems along your journey. Parker realtors have the knowledge and experience of the local Parker, CO market that will allow them to solve these snags in no time where you may spend a lot of time trying to figure it out. You will also save a lot of time rather than trying to research other local Parker properties and find out the best price for your house. The right realtor can help you find the right price for your home, not only at the local area level, but at the neighborhood level! (more…)
