For Sellers

Selling your home has always been challenging, and the past few years have made it even harder.  To help earn the best possible price for your home in the timeframe that works with your needs, you need to choose a real estate professional with the local knowledge to price your home, the marketing tools to bring buyers to your door, and the business experience to negotiate the possible best deal.  You need an Executive.

Executives Versus Agents

A real estate Executive is more than an agent.  An Executive is a trusted source of local information, familiar with every block of every neighborhood, able to promote what’s special and unique about your property, and savvy enough to answer hard questions from sellers.  An Executive understands local market conditions to set a price that will be attractive to buyers, but still get you what you need format he sale.  Above all, an Executive is a professional, with years of experience negotiating deals and managing legal and regulatory red tape.  When you’re dealing with an Executive, you can relax and focus on the next stage in your real estate journey, knowing you’re in good hands.

Setting the Stage

An Executive will work with you to balance your financial desires and time constraints with the current market situation in your neighborhood and region.  Your Executive can also advise you about the viability of home repairs and additions, home staging, and other pre-sale improvements that could help you sell your property–or end up losing you money.

Marketing Your Home

Once you’ve settled on a price and prepped your home for showing, your Executive will market your home in a number of ways, including yard signs, print ads, Web marketing, and email campaigns.  When you work with an Executive, you can expect highly-targeted exposure that bears results.  Executives are expert networkers with years of experience finding buyers–not just browsers.

Sealing the Deal

By the time you receive an offer, you and your Executive will have established a negotiation strategy and financial baselines.  When negotiations begin, Executives can use their knowledge of the process to field counter-offers and work within your guidelines to ensure that you accept only the best possible deal.  Part of that deal includes limiting your legal liability, to avoid unexpected post-sale costs related to unknown issues with your home.  Your Executive will escort you through the entire buying process, until the final paper is signed, escrow is closed, and the check has cleared in your bank.

I’ve included some relevant blog posts and links for your review.  If you would like more information on how an Executive can help you sell your home, please contact me.

Other Links:

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How Your Credit Score is Derived

Developed in 1956, a Fair Isaac Score is a three digit number ranging from 300-850, according to the following risk factors:

1)     Payment History (35% of score)

a)     Payment information on many types of accounts

b)    Public record and collection items

c)     Details on late or missed payments

d)    Specifically, how late they were, how much was owed, how recently they occurred and how many there are

2)     Amounts Owed (30% of score)

a)     Amount owed on all accounts

b)    Amount owed on different types of accounts

c)     Whether you are showing a balance on certain types of accounts

d)    How much of the total credit line is being used

e)     How much of installment loan accounts is still owed

3)     Length of Credit History (15% of score)

a)     How long your credit accounts have been established, in general

b)    How long specific credit accounts have been established

c)     How long it has been since you used certain accounts

4)     New Credit & Inquiries (10% of score)

a)     What kinds of credit accounts you have and how many of each

b)    Total number of accounts you have

5)     Types of Credit (10% of score)

a)     How many new accounts you have

b)    How long it has been since you opened a new account

c)     How many recent requests for credit you have made

Fair Isaac Resolution Resources Helpline (800) 777-2066. Need more help? Please give me a call!

Posted in For Buyers, For Renter and/or Lessee, For Sellers, Home Finance | Tagged , , , , , , , | Leave a comment

The seven deadly sins of overpricing

By Trulia Staff

“We can always go down, but we can’t go up.”

If you’re selling your home this statement has probably crossed your lips at least once. But when it comes to setting a pricing strategy for your home, is it a good idea to start high and work your way down, especially in a market flooded with inventory? Probably not, as most experts would advise that the best way to increase your odds of a successful sale is to price your home at fair market value. But, as logical as this advice sounds, for many sellers it is still tempting to tack a few percentage points onto the price to “leave room to negotiate”. To avoid this temptation, let’s take a look at the seven deadly sins of overpricing:

Appraisal problems – Even if you do find a buyer willing to pay an inflated price, the fact is over 90% of buyers use some kind of financing to pay for their home purchase. If your home won’t appraise for the purchase price the sale will likely fail.

No showings – Today’s sophisticated home buyers are well educated about the real estate market. If your home is overpriced they won’t bother looking at it, let alone make you an offer.

Branding problems – When a new listing hits the market, every agent quickly checks the property out to see if it’s a good fit for their clients. If your home is branded as “overpriced”, reigniting interest may take drastic measures.

Selling the competition – Overpricing helps your competition. How? You make their lower prices seem like bargains. Nothing is worse than watching your neighbors put up a sold sign.

Stagnation – The longer your home sits on the market, the more likely it is to become stigmatized or stale. Have you ever seen a property that seems to be perpetually for sale? Do you ever wonder – What’s wrong with that house?

Tougher negotiations – Buyers who do view your home may negotiate harder because the home has been on the market for a longer period of time and because it is overpriced compared to the competition.

Lost opportunities – You will lose a percentage of buyers who are outside of your price point. These are buyers who are looking in the price range that the home will eventually sell for but don’t see the home because the price is above their pre-set budget.

One popular myth is that a great marketing plan will overcome a pricing problem. Nope – spending a zillion dollars on advertising, internet ads, and television spots won’t motivate buyers to pay you more than the home is worth. Another myth is the assumption that a buyer will see your home, fall in love, and write you a check so the competition doesn’t matter. Wrong. Buyers don’t look at homes in isolation. Most look at 10-15 homes before making a buying decision. Because of this, setting a competitive price relative to the competition is an essential component to a successful marketing strategy.

Posted in For Sellers | Tagged , | Leave a comment

Three Ways to Increase the Value of Your Home

Buyers only get one first look at a property, and they don’t want to use their imagination. They assume the house they see is as good as it’s going to get. If you want your home to sell, step out of your comfort zone and think like a buyer. Here are three ways to help you turn your house into the home of someone else’s dreams. We’ve broken down each category into low-cost, “Basic” tips and tricks, and an “All-Out” blow-the-budget transformation. How far you take it is up to you.
Continue reading – Three Ways to Increase the Value of Your Home

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Find the Best REALTOR® to Sell Your House

By: G. M. Filisko
Published 2010-03-11 16:55:53

Ask detailed questions about their experience and skills to help you find the right agent for your home sale.

Working with the right real estate agent can mean the difference between getting prompt, expert representation and feeling like you’re going it alone when selling your home. Here are 10 questions to ask when you’re interviewing agents.
Continue reading – Find the Best REALTOR® to Sell Your House

Posted in For Sellers | Tagged , , , , | Leave a comment
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