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LIST YOUR HOME TODAY!
NO
UPFRONT FEES, NO SALE
– NO COMMISSION
From the moment you list
with us, we take ownership of the selling process -- managing every detail
of your sale from marketing your property, to coordinating open houses and
providing continuous feedback on results.
We share your goal of achieving maximum
possible price, and selling
quickly and efficiently.
Within minutes, every agent will know that your property is on the market.
Moreover every our listing is accessible through key sites such as Google,
Yahoo, Realtor.com and others
NO UPFRONT FEES
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24 HOURS TO CANCEL LISTING – NO QUESTIONS ASKED
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MARKET ANALYSIS
COMPETITIVE
COMMISSION
RATE
We’ll help you get the
most from your existing home, so you can use the equity you built to
improve your lifestyle. You’ll save with us thousands of dollars!
Call us with any questions or to set up an appointment in our
office or at your home 7 days a week!
The first step toward putting your house up for sale is to meet with
a real estate agent at your home. What we call the "listing appointment." But
beforehand, it's important to understand "who's who" and how brokers may
coop
Listing Broker or
Listing Agent
An individual real estate broker whom the seller hires to
represent the seller through a contract called a "listing agreement". The
listing agent is associated with the listing broker. The listing broker is directly paid
the listing commission and then splits the commission with the listing agent. (Although
the broker and agent may be two different individuals, the term "broker" is used
for simplicity.)
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Selling
Broker or Selling Agent
In a "cooperative" sale, the house is listed by
one broker and a buyer is provided by another broker. The selling broker receives the
selling side of the commission. If the listing broker also produces the buyer, then the
listing broker receives both listing and selling sides of the commission. A selling broker
may have a signed buyer representation agreement with a buyer and, therefore, represent
the buyer and not the seller. If the buyer's agent is a RE/MAX 100 agent, RE/MAX 100 becomes a disclosed dual agent with the consent of both buyer and seller.
A
Little Homework
Before the listing appointment both the home seller and the
listing broker are busy. While the home seller collects a list of documents requested by
the broker, the listing broker studies recent neighborhood sales of homes comparable to
yours, and also comparable homes currently for sale.
There's
No Place Like Home
At the listing appointment, the listing broker will want to
inspect the house and yard to become familiar with its special features. You have probably
enjoyed living in your home and have been pleased with its many unique features. Your
listing broker will want to tell prospective buyers about the special features of your
home and neighborhood. Be ready to be specific about schools, day-care, nearby Metro, and
other desirable community features, as well as home features not readily apparent.
Remember, prospective buyers will be "comparison shopping" and keenly aware of
subtle differences in houses for sale in the area. Be sure to tell your listing broker why
yours is special--from any home remodeling to afternoon winter sunshine.
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Demand
Sets Price
After conferring with the listing broker on market
conditions, comparable nearby sales and listings, and available financing, the home seller
will set the listing or "asking" price for the house. A common definition of
market value is: "What a ready, willing and able buyer will pay, at a price a seller
will accept." Metropolitan area buyers are sophisticated. They've already been
shopping, and when they see your home they'll be comparing features and financing. There's
a rule of thumb that says: "A house priced more than 5% over market value discourages
offers." Buyers who can afford the price can get "more house" for their
money elsewhere. Buyers who cannot afford the price simply won't look. This is why we say,
"A house priced right is half sold. A fair market value will be determined by
comparing the property with similar properties which have recently sold and (in some
cases) with similar properties currently on the market. Experience in the industry has
proven this "market analysis" approach is more accurate than the
"replacement cost" or "potential rental income" methods.
Sample
"Net Sheet"
Based on this sales price, the listing broker will go
through a worksheet that estimates the "net cash" from the sale. Simply, this
exercise subtracts anticipated charges paid by the seller from the sales price. A copy of
the "net sheet" is left with the home seller. (An itemized list of typical
selling costs is presented in the "Settlement" chapter, which is the stage when
these charges are paid.)
Financing
Strategy
No sale can be completed without financing. That is why it
is generally to the home seller's advantage to appeal to the greatest number of home
buyers by accepting the greatest range of financing plans. The listing broker will explain
the basic differences between VA (Veterans Administration), FHA (Federal Housing
Administration) and conventional financing, as well as explain "discount
points."
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What Is
a Point?
A point is one percent of the amount of the buyer's
mortgage loan. For example, if a loan is $100,000, one point is $1,000. Lenders charge
points to increase the yield on their loans. On all loans, home buyer and home seller may
share the charges by mutual agreement.
Property
Profile Folder
To enable the listing broker to prepare a folder of
information on the property, the home seller needs to provide a number of documents and
information specific to the location and jurisdiction. (This Property Profile is often
left in the home for the convenience of prospective selling brokers.) Because the list is
long, you can understand why it's best to collect the papers before the listing
appointment. These materials may include:
Pay-Off Notice. A letter
signed by the home seller and mailed to the lender by the
listing broker to notify the lender of the intention to pay
off the mortgage in order to minimize prepayment of interest
penalties to the seller. (Home seller should provide the
broker with the lender's address, loan balance,
assumability, years remaining on present mortgage, P.I.T.I.
and the interest rate, if possible.)
Well and Septic Inspection. If property is on
septic/well, current inspections by local health authorities
are required while home is occupied. Listing broker will
usually arrange after contract is ratified.
Order Lender Appraisal. Lenders usually require an
appraisal to assure that the property is adequate collateral
for loan. Appraisal may be ordered before (paid by seller),
but is more often done after an "offer to purchase" is
accepted (paid by buyer).
Assessments/Easements. Listing
broker will ask home seller if any tax assessments or
easements exist on property that must be paid or included in
purchase contract and passed with the land when sold.
Property Taxes/Condominium Fees. Home seller provides record of property tax
or condominium fee payments which buyer will reimburse a
pro-rata share to home seller at settlement.
Inspections. VA/FHA and most
lenders of new mortgages require a termite inspection
certificate that shows house is free of infestation. If home
seller does not have a current certificate then listing or
selling broker (depending on area) will arrange inspection
at home seller's expense. Sometimes a home inspection and
radon testing will be ordered. Home seller should also
provide all information as to the physical condition of the
property, such as the presence of fire retardant plywood.
Utilities. Home seller should
provide record of past 12 months utility bills, including
gas, electric, sewer, water, and trash where applicable.
Most buyers will want to know history utility costs.
Helpful Documents. If possible, home seller
should provide listing broker with deed, house location survey, condominium bylaws or home
owners association documents, subdivision plat map, house floor plan, previous title
search abstracts, leg description of property (subdivision, section and lot), home
warranties on major systems, if still in effect, and copy of homeowners insurance policy
for endorsement in purchase contract.
What Conveys
In anticipation of a buyer's offer, the home seller must be
ready to supply listing broker with a specific list of the personal property that is
included in the real estate property for sale. Examples of items to "convey" may
include: draperies, drapery rods, remaining heating oil, firewood, washer, dryer,
refrigerator, stove, microwave, disposal, swimming pool chemicals, awnings, storm doors
and windows, screens, venetian blinds, shutters, window air conditioner, etc. Home seller
should tag or remove items which do not convey.
Listing
Agreement
When the home seller is ready to put the house on the
market, the listing agreement is filled out indicating a specific period of time the
agreement is in effect ("listing period"), and signed by the seller. You've now
hired a listing broker and listing agent.
Clean
Up, Fix Up, Or Toss Out
Today a home that stands out among similarly-priced,
competitively-financed houses is the home that sells. Why? Because it makes a good first
impression that lasts right to the settlement table. You may not be able to improve the
market value of your house (finish basement, remodel kitchen, etc.), but you can improve
its market- ability. And usually this can be done with more elbow grease than hard cash.
The key is to put yourself in the buyer's shoes. In fact, if you drop by some open houses
(you may soon be a buyer yourself), you'll pick up some pointers. Then practice making
your house as appealing and uncluttered as the home you wish to buy.
The exterior. Start here with "curb appeal. Basics: A
trim lawn, well-proportioned shrubs. Remove garden hoses,
lawn tools, dog house, and toys from the yard. Check for
flat-fitting roof shingles; straight lines on gutters,
shutters, windows and aiding; solid caulking around frames
and seams. Fresh paint. Clear windows that give a glimpse of
something nice inside. Clean, or even paint, front door.
Keep walks and steps free of snow and ice. Extras: Brass
door knocker. Seasonal door decoration. Wrought iron lamp
post. Small landscaped courtyard. Flower beds.
The front hall. Aura and atmosphere give a hint of
what's deep inside. Basics: Light (from window, skylight,
lamp or overhead fixture; perhaps use stronger light bulbs).
For evening inspection, turn on every light in the house for
glow and welcome feeling. Aromas (fresh and clean.)
Here--and throughout the house-- unmarred woodwork, spotless
carpeting, fresh paint is often the best money ever spent
(most appealing in neutral tone, since strong color is so
subjective). Remove unsightly or worn throw rugs. Extras:
Door chime. Bolt lock and chain.
The living room. Strive for lived-in, cozy feeling.
Discard worn, chipped, frayed furniture. Add lamps if dark.
Open curtains. Furnishings (also throughout the house) well
placed and in good repair. Set out fresh flowers, perhaps
put a drop of bath oil or vanilla on light bulbs for subtle
scent.
The kitchen. Many buyers judge the house
keeping by the oven and stove. Basics: Appliances are spotless and everything works
perfectly Replace or repair anything that sticks, squeaks or drips. Space (counter,
cooking, cabinet, eating) kept open and uncluttered without countertop appliances. Clean
butcher block. Floors and walls are inviting (light colors) and serviceable (resistant to
grease and moisture)
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