Real estate Advisors

Whether you are planning your first purchase or selling your second home, property buying and selling requires a great deal of decision-making. Meticulous planning at the investment stage itself could indeed avoid hassles and many sleepless nights. Though the list provided below is not exhaustive, these tips will help you plan your investment better. Sell Property Make sure your house is the one potential buyers want to come back to for a second look.

you can advertise in newspapers or websites, or spread the news by word of mouth through friends and acquaintances to sell your property. However, handling your own sale means you will be responsible for placing ads, answering phones and showing your home to strangers.

The commission rate charged by an agent may vary, depending on where you live or what agency you choose. However there are some benefits of going through professional real estate agents. They will help you

1. Establish a fair asking price for your home

2. Promote your home to other agents

3. List your property in multiple listing services giving maximum exposure

4. Schedule appointments to show your home to prospective buyers

5. Refer you to sources for insurance, inspections, legal counsel and financing

6. Help you negotiate with the buyer

Setting a Fair Price: Some of the factors to consider in pricing your home –

1. Location

2. Economic conditions

3. Supply and demand in the local housing market

4. Extra features in your house, etc.

Qualifying a Buyer: A number of factors will help determine the right buyer for your property.

1. The buyer’s current income and employment.

2. The buyer’s cash position and availability of a down payment

.3. The length of time the buyer needs before closing on your home.

4. How interested the buyer appears to be in your home versus others.

House documents for buyers’ scrutiny: Keep all house related documents together. Buyers may want to have a look at all the documents. Look for an attorney with expertise in real estate transactions. Your attorney will be present at the actual closing to protect your interests and can assist you with the following elements of a sales contract:

The sale price.
What is included in the sale price — draperies, carpeting, light fixtures, heating oil, etc.

The amount of the down payment.
The date of settlement and possession date.

Contingencies
to the sale–inspections (e.g. structural, lead-based paint, etc.), required improvements, legal review of the contract by the buyer’s or seller’s attorney, etc.

The amount and length of loan, interest rate and time limits to secure the loan.

Determining which closing costs are to be paid by the buyer and which by the seller.