October 31, 2008 – 5:05 am
Have you sold a home before? If not then you should know that it could become a very difficult task if not done with the right knowledge and in the correct way. For a first time home seller, things can get quite messy, so do all the research that is required. You should not pay heed to those who say that you should sell with the assistance of a good broker or agent. You have to remember that not all of them are real estate experts. So, you can breathe a sign of relief and save your money. After all, 6 %, commission does mean a lot.
What you can do is search online for some reliable information. Try to get some background information on the real estate market and housing matters. Learn about necessary tools like MLS listings that can aid you. Gather some knowledge about improving your home in the right places.
Before you start seeing probable buyers, be clear about handling negotiations. A potential buyer may place a bid on your home. Do you feel it is good enough and accept it? The buyer may make the lowest possible bid and you may ask for something that is between the bid and the asking price. Use your practical sense to decide the right price. Do not set a very high price as the buyer may shift towards other homes for sale.
October 29, 2008 – 5:02 am
There are certain important things you need to do before you get in touch with a FSBO seller. When it comes to money matters, you cannot take any chance. If you can prove that your credit status is good and you are capable of affording the home then that will definitely put the seller as ease. In case you are opting for a mortgage then it is very essential that you get a pre approval for it before you settle the real estate deal with the home owner. Get a good pre-approval letter from the lender and produce a copy for the home owner so that he or she knows you are well qualified for the mortgage that you require to buy the home. In this way you will also not have to reveal anything about your personal financial matters before the seller.
Visit the site where the FSBO property is listed and check out the photos, descriptions, and the other details. Try to find out about the neighborhood in which the home is situated. Are there good schools? What about the crime scenario? These are just some of the things that you need to find out. If you find a good “for sale by owner” home then do not waste the opportunity and visit the owner.
October 27, 2008 – 5:17 am
After you find out the existing market value of homes in a chosen area, you should get in touch with any FSBO seller. If you have interacted with real estate agents then you will realize that talking to a FSBO seller is not as difficult as you thought. When you first contact the ” for sale by owner ” seller you can either send an email or simply call the person up to fix the time and date to have a look at the home. While talking, do not hesitate in providing information to the seller about yourself like your name, address, and phone number. This will make it easy for the seller to talk to you.
Once you get a chance to make the visit you should be very careful in examining the home. Make sure that the walls and the floors are in good condition. Check the ceiling for any watermarks. Look at the paint on the walls, windows, and doors. If you feel that, you need to come back again to reexamine the home then do it. After all, you will be spending your hard-earned money and therefore you should settle for the best. Now you can relax, go ahead and buy your new home.
October 24, 2008 – 9:48 pm
When you are calculating the amount you want to spend for your new home, you have to draw up a proper budget, in which you should also have an emergency fund. This extra fund will be handy when you have to do some fixing up in your new home. This is a requirement in the real estate world.
With a proper budget in your hand, you need to work out the exact purchase price that you can afford. Keeping that in mind you can start looking for homes for sale. You have to find out what are you seeking in the new home.
How many bedrooms should your home have? Are you interested in renovating or redecorating the home? Do you require a personal parking space? Should you new home have a garden as well?
After you know about your needs, you can prioritize them. If you want to purchase, a two-bed home you can search for it a little away from the city instead of buying a one-bed home in the city. You can start you search via the internet, by looking through MLS listings. You can easily select your dream by browsing through the descriptions, photos, and prices of homes.
