Look at rent vs. buy to decide if there are enough benefits
to YOU to buy. Look at your goals, timetables and desired
lifestyle.
Step 2.
Select a professional real estate agent to help you with
information, knowledge and a road map through the maze.
Step 3.
Have your agent do an in-depth “needs analysis” for you. By
specifically writing down your wants, needs, goals, timetable,
etc., all parties will be more focused.
Step 4.
Get financially pre-qualified and/or pre-approved. This will
help you save time, energy, effort and money in the home
buying process.
Step 5.
Look at your marketplace objectively. View properties and
analyze data with an open, but critical mind. Your agent
should be a big help in keeping you on track.
* The above checklist is for informational purposes only & is not a substitute for legal, tax or other professional assistance.
6 Truths About Today’s Marketplace That Every Home Seller Needs To Know**
Truth #1:
Buyers buy after “shopping around”. In their search for the best buy they are comparing your property to the others currently on the market.
Truth #2:
Sellers control the pricing and saleability of their homes but buyers control VALUE. A property is worth what the market (buyers) will pay.
Truth #3:
If a property sits on the market for more than a few weeks it gets shop worn (stale... like an old donut). Price it right in the beginning while it is fresh and buyer interest is at its peak.
Truth #4:
Most properties must be sold three (3) times...
First...to the real estate agents who have the buyers. If they don’t see it as a decent value, they may not show it.
Second... to the buyers. If they don’t see it as an attractive offering, they’ll look elsewhere.
Third... to the lender who will make the loan and the lender’s appraiser. If this group doesn’t see the value... no loan.
Truth #5:
What it means if...
No showings: Agents don’t see your offering as worthy of showing to their buyers. Or, buyers themselves aren’t interested enough to look.
No Offers: Buyers don’t see enough value to even negotiate or try to buy.
Truth #6:
Overpriced properties actually help well-priced properties sell.
** The above checklist is for informational purposes only & is not a substitute for legal, tax or other professional assistance.