Different from property insurance, home warranties, or “residential service contracts”, can be godsends when faced with an unexpected and costly home repair.
Understand that you as the seller don’t have complete control over the buyer and cannot guarantee that an executed contract closes. But if you take these risk mitigation steps, hopefully you will be well on your way to avoiding problems or dealing with them as painlessly as possible should they arise.
Takeaways There’s a strategy for every home seller’s situation, some using a Realtor and some not! Talk first with a Realtor so you know all your options, and the pros and cons for your situation With a Realtor All the below strategies have everything in common with a normal listing – putting them on the […]
Updated 11/20/16, originally published 8/8/15 Takeaways List your home as close to the fair market value as possible Tax assessments, appraisals and even the listing price is not the same as your home’s value Your agent will provide you neighborhood sales data to demonstrate your home’s value What the Price is NOT There are many different […]
“Haunted Houses” are examples of what are called “stigmatized properties”. There is a stigma, or negative association, attached to a home that has nothing to do with the actual quality of the home itself. There are some States that require disclosure if there is a known “psychological impact” on the property. Is Texas one of them?
Selling your home unoccupied is a lot easier than occupied. Most of these items either need to be done once, or can be outsourced on a schedule. That’s a lot easier than scrambling to clean for every last minute showing.
Following these rules will ensure A) your home gets sold and B) is as little a hassle to you as possible.
Remember when you bought your home? The seller paid for everything! They paid for your Realtor, probably your closing costs, and everything else. It was great!
Now the shoe is on the other foot, and there are definitely some considerable costs involved with selling. As the expression goes in investing, “you make your money when you buy”. Be a thoughtful buyer, and selling can be a great, even money making experience.
Updated 8/12/16; originally published 8/3/15 Takeaways Selling a $120,000 home is different to selling a $240,000 home – there are different quantities of buyers at different price points. Knowing how many buyers to expect will be interested in your home at any given moment can help set expectations Every showing counts! Let’s say you are getting […]
Takeaways Selling to an investor is probably not the best decision for 95% of home sellers Investors can close very quickly, with low closing costs and no repairs needed, but are going to only work with a steep discount Consult a Realtor about your home’s value before selling to an investor Home Valuation I am […]
Takeaways You have some important responsibilities as a seller when selling your home while still living in it. Making your home as pleasant and accessible to buyers as humanly possible is critical for getting it sold Selling your home while you’re still living in it is probably not most people’s ideal situation. Scheduling viewings is […]
Updated 7/1/16; originally published 8/15/15 Takeaways Purchasing a home is a major purchase; do your due diligence when choosing an agent. Cross reference several different resources when evaluating an agent and their history Personal references count for a lot, but still evaluate agents referred to you. So, you’ve found some Realtors® and narrowed down your list […]
Updated 6/26/16; originally published 8/21/15 Some people are looking for them. Others are trying to avoid them. Home Owners Associations. Fort Hood does not have a lot – in fact, only six. Unlike HOA fees in the pricey coastal communities exhibited on HGTV shows, Central Texas HOAs tend to be very affordable – as you […]
Takeaways Interview several agents and do your due diligence before hiring an agent Take the listing or representation agreement seriously – you are committing 100% to that agent Watch out for warning signs, and first try to work out concerns with your agent before sacking anyone Avoid This Problem Hiring the wrong agent can often […]
Updated 5/28/16 Takeaways The longer on the market, the bigger the discount a home sells for. The listing price should be close to the fair market value to maximize your experience and profit “My home sold in two weeks. Does that mean it was underpriced?” No. It probably means you did great. Homes are like […]
I’ve talked about the four principles of marketing your home – PACE. If you home hasn’t sold, it is most likely because it hasn’t adhered to some of those principles of home-selling. Reviewing those principles and comparing them to your time on the market are key to adjusted tactics to get results. “What is a […]
Welcome back to part 2 in my series on the Texas Association of Realtors Code of Ethics. These are rules of conduct that all real estate agent members of the TAR must follow at risk of fines, discipline, or even being thrown out. Previously, of course, we discussed Article 1. Today, surprise surprise, is Article […]
Is it a buyer’s market or a seller’s market? Is there a way to tell other than gut feelings and anecdotes about how quickly homes are selling or not? Of course. It’s called months of inventory (or absorption rate). Months of Inventory and Absorption Rates are the same thing. “Absorption Rate” is a term more […]
Note: The Texas Association of Realtors and TREC update promulgated forms regularly. For the most recent updates, check with TAR, TREC, or contact me at email@example.com. Note: I am a real estate professional, not a lawyer. Nothing herein should be construed as legal advice or instructions. We previously discussed the Sales Price and Financing terms […]
Being former military, if I can make an acronym for something, I sure am going to do it. As I’ve developed my techniques for marketing homes, I’ve distilled the responsibilities and strategies into just such an acronym: PACE. Price, Accessibility, Condition and Exposure. These are the four elements that, if done right, will sell any […]
The Bureau of Labor and Statistics shows that the median salary for a real estate agent in the USA is $45,610. That’s not too bad, but that is the median. Real estate is a very lopsided profession where 20% of the agents do 80% of the business. For example, the median agent in the Fort Hood area lists and sells less than 5 homes a year. The top listing agent in the Killeen area, meanwhile, sells 153 homes a year.
Read more for a look at how agents get paid from the commission.
Note: The Texas Association of Realtors and TREC update promulgated forms regularly. For the most recent updates, check with TAR, TREC, or contact me at firstname.lastname@example.org. Note: I am a real estate professional, not a lawyer. Nothing herein should be construed as legal advice or instructions. Welcome to the first installment of my Texas Paperwork […]
Hello Central Texans! This is my first post for my new real estate blog, mainly focusing on Fort Hood, Texas, to include the cities of Killeen, Harker Heights and Copperas Cove. I’ve been building my business in the area, and am excited to share my knowledge and experiences with would-be home buyers, sellers and investors! […]