NEWS & ADVICE

Why you won’t save money by selling on your own…

September 16, 2016

why-you-wont

Deciding to buy or sell a home is a huge decision and should not be taken lightly. Not working with a professional real estate agent that has been specifically trained to cope with the ins-and-outs of this process can be costly and time consuming. Ultimately, there are a lot of advantages to bringing in a professional. Let’s briefly review a few of the pitfalls associated with selling your own house.

First, you will likely not get the best price. People who are looking for a home with the “for sale by owner” tag are looking for a bargain, because they think that the commission will be costly and unnecessary. The reality is that an FSBO listing won’t be saving you money, because a seller who lists their own home will end up with the same amount of money that an agent would get them after everything is already said and done.

Second, sellers notoriously think their home is more valuable than it may be, because the owner is too emotionally attached to their home. Buyers seeking to purchase a home are always trying to get the best buy. If you use an agent, you won’t be negotiating with the seller – the agent will.  In trying to close the deal, the agent will work with both parties to negotiate the best deal that they can. If this your first time buying a home, using an experienced agent will get you the best deal because you won’t have to become familiar with the financial and legal attributes involved in the sale. Since the agent has gained experienced, the agent will leverage the best deal.

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Questions to Ask When Choosing a Real Estate Agent

September 5, 2016

Q for real estate agentsWhen you choose a real estate agent, there are ten key questions to ask to get a better idea of what to expect. Make sure that you always invite a potential agent out for coffee or something and have a talk about their experience, their personality, and their level of professionalism. You want to work with someone who has a strong ethical compass and has a history of doing what’s right for their clients. This will allow you to make a rational decision before choosing any agent and then finding out the hard way that they don’t have the experience needed to sell your unique property.

 

  • How long have you been in residential real estate? Is it your full time job?

 

All professions require training, and real estate is no different. Everything in this industry is learned on the job. An experienced, full time agent will have plenty of on the job training. You be sure that you are working with someone who is successful enough to pay all of their bills off of it.

 

  • How many homes did you and your brokerage sell last year?

 

This question will get your agent to open up about their past sales. It will also give you a window into how much they know about the current market conditions in your state.

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Why isn’t my house selling?

August 29, 2016

Why is the house selling. SetSchedule

It’s a sellers’ market across many cities in the U.S. But what if your house in one of these areas is not getting any offers? There could be many reasons why your home isn’t selling. These are some of the most common reasons why a house fails to sell.

 

  • Are you over-confident?

 

Your price for your home may be priced too high for the area that you are currently living in. Potential buyers will walk away if they believe that the price is off. Even though this is a sellers’ market, it does not mean that you can list for well-above asking. Supply and demand exist, and right now the demand is high, but the supply is not. People will not pay well above asking unless the amenities in the house show and show well.

Solution:

Look around your area and see what other people are listing for before you add a list price, and get an appraisal for your home. These two pieces of information can give you a starting point. If the appraisal comes in lower than what you want, then consider the next spending money and giving the house what people want and expect out of your price point.

 

  • Does the house needs some TLC?

 

If your house’s appraised value comes in lower than other area homes, it may need some upgrading. Perhaps it just doesn’t show well. Is the wallpaper outdated? Paint peeling?

Solution

Consider investing some money in the house to increase the value. Kitchens and bathrooms are two places where you can get the highest return for your improvements.

 

  • Is there a problem with the title?

 

If there is a problem with the title, buyers who would otherwise look at the home may get scared away. Some common problems include:

  1. The title was switched over without a recording. This often happens if there was a will in place with the previous owner.
  2. The house has been is paid off but is still showing that there is a mortgage on it.
  3. A lien was filed for work done by a subcontractor.

 

Solution

Talk to your title company, and ask about getting these issues solved. While you are talking to the title company, ask if there are any other things that need to be handled.

 

 

Maybe you’re trying to sell your house in the least attractive time of the year, when no one is likely to move.

Solution

Choose either spring or summer time to sell your house and see how quickly you’ll find your perfect buyer!

 

  • Are marketing photos lackluster?

 

If your photos are not as good as the others, or are unavailable, buyers will not take a second look. You should always have good photos available for potential buyers to see. Homes that have no photos often sit for long periods of time.

Solution

Hire someone to take pictures of your home after you get everything into shape. You want the pictures to show a nice house and the pictures are easy to see.

 

  • Does your real estate agent care enough?

 

Some agents are just hard to like or are completely unavailable. If your agent has disappeared into a black hole, it’s time to look for another agent.

Solution

Call agents in your area and set up different days and times and, ask them to meet you for coffee and then interview them about their experience. If they pass your initial screening then have them meet you at your house so that they can take a look at your home.

 

  • Does your house smell bad?

 

A house that smells bad is a hard sell. Pets, plumbing issues, cigarette smoke, moisture, and other factors can cause your home to have a lingering odor. If you have any questions about the smell, have someone trustworthy and honest come in and tell you if they smell anything. Take care of this immediately!

Solution

This is something that can be fixed by thoroughly cleaning, repainting, or replacing carpets. If the smell still penetrates through all of this, check your bathrooms and underneath the sinks and look for evidence of mold or mildew; if you spot any of these then this is something that will need attention ASAP. If you are not able to remove it at this time then reduce your asking price and, the house may need to be sold as one that needs work. Note: trying to sell a house with cigarette smoke to a non-smoker will be a hard sell.

 

  • Are your appliances old and outdated?

 

Today’s buyers like stainless steel appliances, not the old ones of yesteryear like harvest gold or lime green. Potential buyers know that your old appliances can be replaced easily; however when they see that your refrigerator is from the 80s or 90s; they worry “what else do I need to replace?”

Solution

Buy new appliances. This is something that while expensive will certainly save you some headaches because the house will be move in ready.

Contributed by James Link

SetSchedule has changed the way real estate marketing is viewed, by changing the way REALTORS® access clients and listing appointments. SetSchedule is a “first of its’ kind” exclusive membership based model that provides verified appointments, marketing tools, and elite invite only networking events for its members. By blending new technologies, and thought processes with proven success methods SetSchedule had incurred record producing results unseen in the industry.

To buy or not to buy; that is the question every potential buyer should ask

August 22, 2016

To Buy. setschedule

 

Everyone who wants to buy a home has a mindset as to how the home should be, and the type of layout, structure, number of bedrooms, and yard. People are not always aware however of the type of pitfalls involved with buying a home.

First, you need to work on your budgeting skills if you haven’t already. You also have to know where your money is coming from and what it is going to every month. Next, you should be able to pay off your monthly expenses each month without going into debt for it. So be sure to funnel some money you earned into savings so that you can cover any unexpected expenses, like home repairs, or cover bills in the event of layoffs. This blog is not meant to scare you away from homeownership, but these are the realities.

 

Before buying a house, make sure to consider the following:

 

  • Debt doesn’t control you

 

Real estate is a good, worthwhile investment, but you still need to make sure that the debt of the mortgage will not be able to control you, and you will be able to pay it off in a reasonable amount of time. If you have debt before buying a house, make sure you have it under control. Debt won’t necessarily keep you from buying a house, but it will affect the sort of mortgage loan you will be offered and your ability to make your payments. Many people however have student loan and car loans while buying a house — it just all depends on how you manage your debt. Too much will drive up your interest rate, which means you will have to borrow more to cover the interest.

 

  • You won’t have a landlord anymore

 

Landlords are great when an appliance breaks or the plumbing starts leaking. As a homeowner and property owner you will now be responsible for all repairs, whether you make the fix yourself or hire a contractor. Before purchasing a home, make sure you have an emergency fund. Everything breaks eventually and this is something that you have to plan ahead for. You won’t have anyone to fall back on other than yourself.

 

  • You have a sizable emergency fund

 

As mentioned, you should have a sizable emergency fund before purchasing a home. No one likes to think that something could happen, be it unemployment, illness or injury, but in the case of an unexpected crisis, your savings account may be the only thing keeping you in your home. If you have any doubts about your situation, you should reconsider buying a house at this time.

 

  • Your income is reliable

 

A mortgage is a long-term commitment. You must feel confident that your current situation for work will enable you to make your payments. Think ahead 20 or more years, and ask if this is something that you want to do. You need to have held the job for a few years, and be able to make enough money to be able to have a mortgage that makes sense.

 

  • You have a decent credit score

 

In order to qualify for a loan and get an interest rate that you are able to afford, you have to have a good credit score. Before you begin discussing mortgages with your bank, make sure that you start paying off your debts, including credit cards, a few years in advance. This way when you decide to discuss mortgages with your bank they will be able to look at your score, and feel confident that you will pay off the debt. People with higher numbers get better rates and in turn have to pay off less debt.

 

  • You’re ready to make a commitment to stay in one place

 

When you choose to buy a home, gone are the days of being able to find a place you like better and being able to just pack up your stuff and move to a new apartment. You have to make sure that the house you live in is one that you will be happy with for a long time, and it is something that you will have to commit to for a good portion of your life.

  1. You have saved for a down payment

A mortgage will require you to make a down payment to make the loan a little bit more secure by having your own money on the line. Buying a home is not something that should be done on a last second decision, it should be thought and planned out.

Contributed by James Link

SetSchedule has changed the way real estate marketing is viewed, by changing the way REALTORS® access clients and listing appointments. SetSchedule is a “first of its’ kind” exclusive membership based model that provides verified appointments, marketing tools, and elite invite only networking events for its members. By blending new technologies, and thought processes with proven success methods SetSchedule had incurred record producing results unseen in the industry.

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