How to Sell Your House
How to Sell Your
House
If you are selling your home and there is no or little activity,
or activity but no offers, you should revisit the price. The real estate is
volatile, and prices change daily. I always keep in my mind the saying” Old listings,
like old soldiers, never die – they just fade away” when it comes to pricing. Also,
don’t worry about competition; count on it you will save yourself a lot of time.
Competition may even help you by drawing in prospective buyers within the same market.
If you know your property is valuable, remain patient. As
long as you’re realistic about its value, there will be a buyer eventually.
Just make sure what you have to offer is the best and you need not worry.
If you have a broker/Real Estate consultant, make sure he or
she understands what the value of the property is to you. But don’t be too
bullheaded if your broker thinks the property is worth far less than you do. The
broker should be the expert, and you’re paying him or her not only for the
service but for advice.
Your broker/ Real Estate consultant, if he or she is good at
the job, will strategically advertise the property’s sale. A lot of interest is
not necessarily always a good thing: be wary of a broker, who fails to screen clients,
applicants and lets the whole world traipse through your house. A good broker
will screen applicants for prequalification, negotiate on your behalf for the
best price, and facilitate the legal and financial processes. You will be paying the broker a substantial professional
fee (usually on the order of five percent and sometimes higher), so he or she
is working for you and should be working hard for that commission which you
must not repudiate.
Some people try to let/lease/sell houses without brokers –
not a strategy I would recommend because the broker has been trained on
screening a client, negotiation title searches, legal forms, and the pricing
market.
Review the following five steps to learn how to choose a
real estate broker.
Step 1: Ask about the commission split. ...
Step 2: Evaluate the brokerage culture. ...
Step 3: Decide between a franchise or independent brokerage.
...
Step 4: Learn its reputation and niche. ...
Step 5: Make sure it will offer support.
For More
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