5 Good Reasons to Use an Agent When Selling Your Home
1. Objectivity – You are too close to your home to see it objectively. This can prevent you from pricing it realistically, and it can also make you blind to any improvements that are needed. My selling agent pointed out several things that I never would have noticed otherwise. He helped us see the big picture and understand the current real estate market. We had the home under contract in less than two weeks.
2. Pricing — We touched on this in the previous paragraph, but it needs more attention. Overpricing is one of top three reasons why homes don’t sell. (Weak marketing and a lack of preparation are the other two.) In fact, I would argue that pricing is the most common problem for homes that stay on the market for a long time. In many cases, homeowners are simply unable to price their own homes. They attach a lot of emotional value that doesn’t translate into real value. Your agent will help you determine a price based on actual market data, including recent sales and current listings.
3. Marketing — As a homeowner, you can only do so much to promote your house. A selling agent can do much more. Your agent will put your home on the Multiple Listing Service (MLS) and other high-visibility websites. If your agent is a Realtor, he or she will also add the listing to Realtor.com. Most real estate agents have large networks to work with as well. This means you’ll attract more buyers, than if you had sold it on your own.
4. Negotiations — When I was selling my house, I was CC’d on a few emails between my agent and various buyers’ agents. This showed me how much price haggling can take place during the process. Over and over again! It sure was nice having someone else do this on my behalf.
5. Stress Factor — When you’re selling a home, there are usually 50 other things you’re doing at the same time. Packing and cleaning. Having garage sales. Making trips to the Goodwill. Working on the details of your next house or apartment. And so on. It’s a lot to have on your plate at one time. By relying on a real estate agent for the selling side of things, you’ll reduce your stress considerably. It’s hard to put a price on this.
These are certainly not the only reasons to use a real estate when selling your home. But they are some of the biggest reasons, and they’re enough to give you a “nudge” if you’re sitting on the fence. Make things easier for yourself. Sell the home faster. Use a listing agent!
Call Godwin Realty Group for all your Real Estate Needs. We are here to help!
http://www.godwinrealtygroup.com/Home
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Citation Note: The original version of this article was written by Brandon Cornett. Brandon is the publisher of the Home Buying Institute, which includes one of the largest libraries of credit advice for home buyers.
http://www.homebuyinginstitute.com/credit.php
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Sunday, January 23, 2011
Notice of Default Nightmare
Receiving that Notice of Default is often one of the worst moments of a homeowner's life. It evokes panic as well as a sense of helplessness - many homeowners feel completely at the mercy of a bank and will often think that there is no way they can stop the process of foreclosure and save their homes.
What might be a surprising revelation for some is that this is simply not true! While every homeowner's situation requires individual attention, it is entirely possible for most homeowners to stop the process of foreclosure and keep their home.
For instance, stopping the process may be as easy as calling your bank to talk to them about it. The saying that an ounce of prevention is worth a pound of cure is very true when it comes to foreclosure - at the first opportunity when you realize you will have trouble paying your mortgage call your bank. Don't wait until you get the Notice of Default! With the assistance of your bank you can come to a forbearance agreement that will lower the monthly rate of your mortgage until you get back on our feet again.
For those who have already been notified that foreclosure is occurring, it is still not too late to act to stop the process and save your home. At this point there is still the possibility of talking with your bank and entering into a forbearance agreement.
Another way to stop the process of foreclosure and save your credit rating - but not your home - is to agree to enter into a short sale. In a short sale, the bank agrees to accept a lower payout on the overall mortgage, provided that the house is sold and the bank keeps the balance. This is often not a pleasant option, but many homeowners are choosing it since it looks better than a foreclosure.
But the most important thing to know is that time is of the essence! Act now, before it's too late to stop the process of foreclosure.
Contact Godwin Realty Group to speak with a Certified Distressed Property Expert to learn about your options!
http://www.godwinrealtygroup.com/Home
What might be a surprising revelation for some is that this is simply not true! While every homeowner's situation requires individual attention, it is entirely possible for most homeowners to stop the process of foreclosure and keep their home.
For instance, stopping the process may be as easy as calling your bank to talk to them about it. The saying that an ounce of prevention is worth a pound of cure is very true when it comes to foreclosure - at the first opportunity when you realize you will have trouble paying your mortgage call your bank. Don't wait until you get the Notice of Default! With the assistance of your bank you can come to a forbearance agreement that will lower the monthly rate of your mortgage until you get back on our feet again.
For those who have already been notified that foreclosure is occurring, it is still not too late to act to stop the process and save your home. At this point there is still the possibility of talking with your bank and entering into a forbearance agreement.
Another way to stop the process of foreclosure and save your credit rating - but not your home - is to agree to enter into a short sale. In a short sale, the bank agrees to accept a lower payout on the overall mortgage, provided that the house is sold and the bank keeps the balance. This is often not a pleasant option, but many homeowners are choosing it since it looks better than a foreclosure.
But the most important thing to know is that time is of the essence! Act now, before it's too late to stop the process of foreclosure.
Contact Godwin Realty Group to speak with a Certified Distressed Property Expert to learn about your options!
http://www.godwinrealtygroup.com/Home
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