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Listing Your Property For Sale

Posted on March 20, 2019 at 2:30 PM

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Why should you select a company with integrity? Who give you all the facts? Why, facts help you make the best decision when selling or buying a home.

Listing Agreements

“listing agreement” is a contract between a real estate agent (the listing agent) and a seller that says that the agent has the right to list (advertise and handle the sale of) your house. It’s important to understand the terms of the agreement, because you’ll be bound by them. And while a listing agreement is good for the agent, because it obligates you to work with the agent for at least a minimum amount of time, 6- 12 months, it also protects you, the seller, by explaining the agent’s responsibilities and what you can do if he or she doesn’t meet them.

Types of Listing Agreements

Open Listing: This type of listing agreement allows a seller to utilize more than one Realtor to sell the property. Whichever agent provides the final buyer gets a commission on the sale.

Exclusive Agency: This listing agreement allows the seller to seek out buyers for the property at the same time as the real estate agency is working to find buyers. If the eventual buyer is found by the seller, the seller pays no commission only consulting, adverting, and buyer contract fees . If the buyer is found by the Realtor, a commission is owed to that real estate agent.

Exclusive Right of Sale: This entitles the real estate agent to a commission no matter who finds the buyer for the property.

Commission

The commission amount you’ll pay your agent. This will usually be 4% to 8% of the proceeds of the sale. Which is negotiable between the agent and you.

Listing Period

Your listing agreement will last for a set amount of time, such as three or six months. From your perspective, a shorter listing agreement is better. If you don’t like the agent’s services, you can walk away and choose a different agent. (And if you're happy, renewing should be easy.) Of course, from Our company’s perspective, a longer listing agreement is preferable, because we are going to do a lot of work to get the house ready to sell, and won’t want to risk losing a commission just as the property is starting to garner some real interest.

Agent’s Duties

Duties. The agreement lay out the activities the agent is authorized to conduct on your behalf. Read through the list carefully, making sure you understand everything. If there are specific duties you want to require of the agent—for example, listing the property on the MLS, posting a yard sign, or creating a listing sheet, etc……..

Why use a Real Estate Agent

Posted on December 14, 2018 at 2:25 PM

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7 Benefits of using a Real Estate Agent To Sell Your Home

1.List your property at the right price

2.Better home Presentation

3. Get more Exposure

4. Get higher Offers

5. Hand on Guide

6. Speed up Closing

7.Home Sold at Top Dollar

25 Tips for First-Time Home Buyers

Posted on November 6, 2018 at 2:35 PM

1. Start saving for a down payment early 2. Check your credit 3. Pause any new credit activity 4. Determine how much home you can afford 5. Explore your down payment options 6. Research state and local assistance programs 7. Budget for closing costs 8. Set aside more money for after move-in 9. Consider what type of property to buy 10. Research mortgage options 11. Compare mortgage rates 12. Decide if paying points makes sense 13. Get a preapproval letter 14. Hire the right buyers agent 15. Stay under your preapproval limit 16. Pick the right neighborhood 17. Make the most of an open house 18. Buy a home for tomorrow 19. Let little things go 20. Be prepared to compromise 21. Make a strong offer 22. Avoid a bidding war that blows your budget 23. Negotiate 24. Buy homeowners insurance 25. Know the limits of a home inspection https://www.usatoday.com/story/money/personalfinance/2017/06/30/25-tips-first-time-home-buyers/434449001/

Ways Real Estate can build wealth

Posted on January 30, 2018 at 3:55 PM

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Ways to turning real estate into a profit . Rental income: The main source of profit investors are going for when buying a rental. Buying low: Buy a property for under market value. Think foreclosures, quick sales, and awesome negotiation skills. Selling high : extra money if you stage the property to attract buyers over market value. Increasing equity: If you take a mortgage to finance a rental, increasing your equity with every mortgage payment.increasing your net worth every month. Leverage increases returns: having leverage yield a return on your investment Leverage say you're making a profit on the purchase. Renting smaller units: rent three rooms, to three tenants. you can charge more than if one family was renting the whole place. Divide your family house into a duplex or a triplex and increase the rent. Businesses rentals: are a different type of tenure rent is generally higher. Tax benefits on interest: Depending on your country of residence, you can often deduce the mortgage interest from the rental income, and create a tax free profit. Tax benefits on improvements: You can also deduce the cost of the improvements from the rental income, while the added value to the property is yours to keep. Real estate is what you do with it. What you plan on doing with the property should determine the area you buy in. the state of the property, If you don't want to renovate, buy a new place or somewhere you can afford to hire out the renovation without tanking your operation. If you want to rent to families only, buy a nice family home in a good school district. buy an affordable studio or 1 bed that is an easy commute . Are you going to manage the place yourself or not. Property managers will do the job for you the fee will be worth your time and then some, It will also decrease your profit. How you profit from real estate really depends on YOU! This article first appeared on http://makemoneyyourway.com/real-estate-make-money