Have you ever tried to sell your house and it seemed to take forever for it to sell? Is your house currently listed for sale and has been sitting on the market for quite some time without any interest? Are the offers you are receiving for you home far below your set price? If your answer is “yes” to any of these questions, then you may be interested in reading an interesting article I recently came across outlining five mistakes sellers can make when trying to sell their homes.
A couple of common mistakes sellers can make are:
1. Setting The Price Too High – There is no hard and fast rule in determining the price of a home, however some sellers overestimate the value of improvements made to their home. A REALTOR® will help you assist in assessing the market value of your home in comparison to other similar house listings.
2. Not Presenting The Home in It’s Best Condition – Before deciding to put your home on the market, consider hiring a professional cleaner to make your home show it’s best. De-cluttering the home should also be part of preparing your home for sale as a cluttered home may be perceived by buyers that it does not have enough storage space.
The article discusses other mistakes sellers can make as well. I hope you find this article interesting and helpful! To view the article, click here.
Until next time,
Jamie
Showing posts with label REALTOR®. Show all posts
Showing posts with label REALTOR®. Show all posts
Friday, January 14, 2011
Tuesday, November 23, 2010
REALTOR® Fees
Have you heard the news about the consent agreement between CREA (The Canadian Real Estate Association) and the Competition Bureau of Canada? The agreement followed a prolonged negotiation between CREA and the Competition Bureau of Canada as the Bureau claimed that CREA’s Multiple Listing Service® (MLS®) was a monopoly.
Well, what does this agreement mean? It simply means that now any home owner wanting to sell their own home can pay a fee to a REALTOR® to have their listing put onto the MLS site and then sell their house themself. This agreement may be advantageous to some, most especially if the home owner has solid real estate knowledge and marketing skills. However, for those selling their own homes without these skills, the agreement may be dangerous.
REALTORS® are well trained and educated professionals. They have a great deal of knowledge of contract law, mortgage financing, land laws and negotiation skills. It is not an easy profession. All REALTORS® must carry professional insurance and must continue their learning in order to annually renew their Real Estate license. It is also important to note that the REALTOR® does not keep the entire commission – the commission must be split between the seller’s agent and the buyer’s agent, then must be split again between the REALTOR® and their sponsoring company. REALTORS® pay a substantial cost for marketing of their client’s homes including advertising, websites, flyers, newsletters, etc. They spend time and gasoline taking clients to see properties, sometimes to no avail as the potential buyers, at any time, can decide they don’t want to buy a home. REALTORS® can also spend countless hours in back and forth negotiation between buyers and sellers.
To read more about the agreement and how REALTORS® earn their fees, click here
Until next time,
Jamie
Well, what does this agreement mean? It simply means that now any home owner wanting to sell their own home can pay a fee to a REALTOR® to have their listing put onto the MLS site and then sell their house themself. This agreement may be advantageous to some, most especially if the home owner has solid real estate knowledge and marketing skills. However, for those selling their own homes without these skills, the agreement may be dangerous.
REALTORS® are well trained and educated professionals. They have a great deal of knowledge of contract law, mortgage financing, land laws and negotiation skills. It is not an easy profession. All REALTORS® must carry professional insurance and must continue their learning in order to annually renew their Real Estate license. It is also important to note that the REALTOR® does not keep the entire commission – the commission must be split between the seller’s agent and the buyer’s agent, then must be split again between the REALTOR® and their sponsoring company. REALTORS® pay a substantial cost for marketing of their client’s homes including advertising, websites, flyers, newsletters, etc. They spend time and gasoline taking clients to see properties, sometimes to no avail as the potential buyers, at any time, can decide they don’t want to buy a home. REALTORS® can also spend countless hours in back and forth negotiation between buyers and sellers.
To read more about the agreement and how REALTORS® earn their fees, click here
Until next time,
Jamie
Friday, November 5, 2010
Tips to Help You Avoid Buying the Wrong Home
Buying a home is a big investment, probably one of the biggest investments you will make in your life, therefore it is imperative that you be careful in choosing and buying one. A home purchase should not be based on what your heart desires, rather you should carefully inspect, plan and evaluate things before you decided to make the purchase. Here are some tips you may find useful to prepare for a home purchase:
Preparation: It is recommended to do some research first before starting the process of buying a new home. First and foremost, you must have the financial capability to buy a home. Speaking with a mortgage broker or with your banker is a good way of determining what you can and cannot afford.
Considering Using a REALTOR®: Another part of your initial research should include whether or not you want to work with a REALTOR®. REALTORS® have extensive connections and much experience when it comes to buying and selling homes.
Visual Inspection: Once you find a home, it is best to do an inspection of your chosen house. Not only do you need to inspect the house physically, you should also consider the surroundings. You may want to talk with the neighbours to get a feel for the neighbourhood. You may also want to return to the neighbourhood at some specific times of day in order to determine how busy the neighbourhood is at different times of the day.
To get more tips on home buying, click here, to view a great article which may be very helpful to ensure you get the best value for the money you spend on your new home.
Until next time,
Jamie
Preparation: It is recommended to do some research first before starting the process of buying a new home. First and foremost, you must have the financial capability to buy a home. Speaking with a mortgage broker or with your banker is a good way of determining what you can and cannot afford.
Considering Using a REALTOR®: Another part of your initial research should include whether or not you want to work with a REALTOR®. REALTORS® have extensive connections and much experience when it comes to buying and selling homes.
Visual Inspection: Once you find a home, it is best to do an inspection of your chosen house. Not only do you need to inspect the house physically, you should also consider the surroundings. You may want to talk with the neighbours to get a feel for the neighbourhood. You may also want to return to the neighbourhood at some specific times of day in order to determine how busy the neighbourhood is at different times of the day.
To get more tips on home buying, click here, to view a great article which may be very helpful to ensure you get the best value for the money you spend on your new home.
Until next time,
Jamie
Friday, October 1, 2010
Why You Still Need a REALTOR®
Buying and selling “stuff” can be easy, but it depends on the item. Sure, you can save some money if you sell something yourself, all profits go directly to you. However, buying or selling a house may be a different story.
It is not always advantageous to buy or sell a house by yourself without seeking the assistance of a REALTOR®. Buying or selling a house is most likely the largest financial decision you will make. REALTORS® are trained professionals who are very knowledgeable in all aspects of the real estate industry and whose job it is to assist you with any of your real estate questions and concerns. They are well versed in negotiating and may, in fact, SAVE you thousands of dollars.
REALTORS® have access to vast network of fellow REALTORS® and real estate listings which is very advantageous to most buyers. For sellers, REALTORS® are available to meet with various potential buyers at the buyer’s convenience, allowing the home owners to not worry about the inconvenience of “dropping everything” to show their home to a potential buyer who may or may not bother to show up for a scheduled viewing. For both buyers and sellers, REALTORS® guide their clients through all of the paper work (making sure everything gets where it needs to go), make valuable suggestions and keep track of important deadlines and appointments.
To read more about the benefits of using a REALTOR®, click here.
Until next time,
Jamie
It is not always advantageous to buy or sell a house by yourself without seeking the assistance of a REALTOR®. Buying or selling a house is most likely the largest financial decision you will make. REALTORS® are trained professionals who are very knowledgeable in all aspects of the real estate industry and whose job it is to assist you with any of your real estate questions and concerns. They are well versed in negotiating and may, in fact, SAVE you thousands of dollars.
REALTORS® have access to vast network of fellow REALTORS® and real estate listings which is very advantageous to most buyers. For sellers, REALTORS® are available to meet with various potential buyers at the buyer’s convenience, allowing the home owners to not worry about the inconvenience of “dropping everything” to show their home to a potential buyer who may or may not bother to show up for a scheduled viewing. For both buyers and sellers, REALTORS® guide their clients through all of the paper work (making sure everything gets where it needs to go), make valuable suggestions and keep track of important deadlines and appointments.
To read more about the benefits of using a REALTOR®, click here.
Until next time,
Jamie
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