Frequently Asked Questions
for Sellers
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FAQ's For Sellers
Here are the most common questions we receive from home sellers and answers for those thinking about selling.
Sellers can become very anxious when it comes to coordinating the clean up and updating their home may need before putting it on the market. They can become so anxious that it actually prevents them from putting their home on the market completely. Most of the time, there is much less work that needs to be done than the homeowner believes. Before you decide to spend money, time, and effort to upgrade your home, please seek advice from a Realtor® to see how much work is truly needed.
The accurate value of your home depends on many things such as the square footage, neighborhood/area, and many other attributes. Many Sellers tend to compare their home to the most expensive home that recently sold in their area instead of looking at homes with similar attributes that recently sold in their area. Homes in your area with similar attributes are called "comps" and are a much better way to indicate an accurate estimate for your home. We provide a custom report that includes accurate and up-to-date information to determine your homes value.
The accurate value of your home depends on many things such as the square footage, neighborhood/area, and many other attributes. Many Sellers tend to compare their home to the most expensive home that recently sold in their area instead of looking at homes with similar attributes that recently sold in their area. Homes in your area with similar attributes are called "comps" and are a much better way to indicate an accurate estimate for your home. We provide a custom report that includes accurate and up-to-date information to determine your homes value.
The short answer is no. When the owner is present in the home during a showing, it can make the buyer feel uncomfortable. You want potential buyers to feel as relaxed and comfortable as possible. Buyers feel awkward when they ask questions or make negative comments if the homeowner is present.
Commission varies, however, it is typically 6% of the home's sale price and this can be shared with the Buyer's agent. Realtors are not paid by the hour or appointment and do not receive any money unless they sell a home. It is important to get to know the agent you want to provide you will the best service possible while representing you and your home during the selling process.
We receive a lot of questions in regards to how current status of the real estate market. There are many indicators that we can share with you to help explain the current status of the local real estate market. One major statistic to determine the current status of the market conditions is the average days on the market. This will show you how fast the homes in your area are selling when they are listed. Other statistics to review the current market trend is closed transactions in the area, average sales price, and list-to-sales price ratios. If you would like an up-to-date analysis of our local market, let's schedule a time to talk.
When you are selling your home, try to detach yourself emotionally from making decisions and think of each decision as a business move. It is inevitable, low ball offers will happen when listing your home on the market. No matter how low the offer is, make sure you always respond. When you let your emotions come into play when receiving low ball offers, you can push away any potential opportunity to reach an agreement and get a deal finalized on your home. Even a counter offer closer to the list price is better than ignoring a potential buyer.
Once again, the short answer is NO! If you have purchased a home, sold a home, or just hunted for homes, you have most likely used third party real estate search engines to search for homes. These sites provide estimated values of homes for nearly every home in the United States. However, these are not always accurate home values for your local market. All estimates are based on calculations and formulas that do not necessarily provide accurate information. These online guesstimates can be deceiving and lead to both upset buyers and sellers. You can receive a more accurate value of your home by speaking with a top Realtor in your local area, not a third party real estate website. If you are looking to see an accurate and up-to-date evaluation of your home's current value contact us today.
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