For Sellers
How much will it cost me to sell my home?
- There are usual and customary transaction fees associated with selling your home. For example; bringing your property taxes up-to-date, closing costs, transfer fees, title insurance, and real estate commissions. I will prepare a detailed and itemized list of these fees, as well as help you to determine what you could potentially expect to net from the sale of your home, based on what you owe on your first and/or second mortgage.
What commission do you charge?
- The short answer to the “how much?” question: It depends. The fees that brokerages (and their agents) charge for services vary. When a property owner lists their home for sale with a Realtor®, that seller typically agrees to pay the agent’s company a fee when the house sells. While not always the case, that fee is generally a percentage of the gross selling price of the property.
How long will it take to sell my home?
- Once again, that depends. Don’t worry though; I will prepare a detailed report on what other homes have sold for in your neighborhood (a.k.a. Comparative Market Analysis) as well as what the average ‘days on market’ is for your neighborhood.
My Home’s Value
If you are considering selling your home, I will prepare a detailed ‘Comparative Market Analysis’ (a.k.a CMA) for you. What exactly is a CMA? It’s a detailed report of homes that have recently sold in your neighborhood….otherwise know as comparables or “comps”. This will help to determine the best price for your home, as comps measure/establish the value of your home. Typically, comps used are going to be homes that are the most similar to yours in terms of size and floor plan and homes that have recently sold. Homes that are not in neighborhoods and in rural settings are sometimes not so “black and white”. Factors such as the acreage, the shape of the parcel, the way the home is situated on the parcel, the school system, the age, etc. are all factors that we must weigh to obtain the fair market value of the property.
Another way to look at it, is your home’s ‘market value’. The market value of your home really boils down to the following: What is someone willing to pay for it? Once again though, this is where comps are so important. Not only do Buyers look at what homes in your neighborhood have recently sold for, when making an offer, but also their lender’s appraiser will use those very same comps. Real estate is certainly not rocket science; however determining market value is usually fairly straightforward.
Getting Your Home Ready to Sell!
The last thing you want to do is to spend a lot of money trying to get your home ready to sell. I will go through your home with you and make helpful, as well as inexpensive, suggestions to get your home in tip-top-showing-shape! Ask me for a complete list of things to do to get your home ready to sell (a.k.a. The Dirty Dozen) designed to bring you top dollar for your home at a minimal cost to you.
