House In Alamo
Alamo House
As people come and go from Alamo, there are always houses for sale. If you are
thinking of selling a house in Alamo, then there are a couple of essential
questions that you should think about before you jump into the process.
Pitfalls to Avoid
Listed below are 7 steps that you should avoid when selling your home...
- Pricing Your Property Too High : A high listing price will cause some
prospective buyers to lose interest before even seeing your property.
- Mistaking Re-Finance Appraisals for the Market Value : Your best bet is to
ask your Realtor for the most recent information regarding property sales in
your community.
- Forgetting to "Showcase Your House" : Make necessary repairs. Make sure
everything functions and looks presentable. And, above all, CLEAN!
- Trying to "Hard Sell" While Showing Your House: Allow prospective buyers
to comfortably examine your property and avoid hovering. Don't try to haggle
or forcefully sell.
- Trying to Sell to "Looky-Loos" : Many prospective buyers who come to look
at your property really have no interest in buying at that point and time;
real estate agents are there to help you distinguish realistic potential
buyers from mere lookers.
- Not Knowing Your Rights & Responsibilities : Real estate contracts are
legally binding documents and they can often be complex and confusing: know
what you are responsible for.
- Limiting the Marketing & Advertising of the Property : Your real estate
agent should employ a wide variety of marketing techniques: market your home
via the internet, industry contacts, media advertisements, and word of mouth.
Questions to Consider
Questions:
1. How do you determine a listing price?
- Using "comparables:" sale prices of homes in your neighborhood comparable
to your own
- Finding out whether it's a buyer's or seller's market
- Checking on the amount of time it has taken to sell homes similar to yours
and in the same price range
- All of the above
2. Is it better to find a new house before listing your old one for sale?
- Yes
- No
- Depends on the market
- Depends on interest rates
3. Is it better to list your home slightly above the expected sale price,
slightly below expected sale price, or right at the expected sale price?
- Slightly above sale price
- Slightly below sale price
- Right at sale price
4. Which of the following should be done before showing your home?
- Light lamps throughout the home
- Simmer a few drops of vanilla on the stove
- Set the dining room or kitchen table
- All of the above
Answers:
1. D. All of the above. The value of any property is the amount an informed
buyer will pay for it. And the amount buyers will pay can be determined by
comparing sale prices of similar properties and understanding market conditions.
2. B. No. It is better to list your home for sale first. It is not a good idea
to put yourself in a must-sell posture, which is what would happen if you
committed yourself to a new home before your old one is sold.
3. C. It is better to list your home right at the price level you expect to
receive. Pricing too low will short-change you; pricing it too high could
lengthen the time it takes to sell.
4. D. All of the above. It is important to present your home at its best.
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