selling house contract realtor Help & Advice ~ Sell Your Home Quickly!

When selling a home remember the five key factors regardless of the market condition. These five key factors are price, terms, condition, location and exposure. When selling a home keep in mind it is a business transaction. Now let's get to the five keys to selling a home.Price or Value = This is one of the most important factors in a buyers market. Make sure the home is competitively with other's. Typically an overpriced home will not have much, if any activity from perspective buyers. Also once an offer has been made and accepted the Buyers lender will require an appraisal. If the appraisal is lower than home's value the contract price will either need to be renegotiated or the deal will bust.The Appraisal Process of a property is done by using any or all of these three methods.Comparable Sales = based on the dollar amount sold per square foot, lot size, age of the home, similar homes recently sales. Taking allowances for amenities, square footage, and other factors.Gross Rent Multiplier = this method is used primarily for investment properties. This method takes into consideration the monthly rental income of similar properties.Cost Approach = primarily used for new homes and is based on the cost of replacing a property to it's current condition.�Terms = How easy is the home for a Buyers Agent to show clients? Do you have a lock box on the property ? Is the home shown by appointment Only? Can the home be shown only at specific times or days? All of these factor's will dictate the showing activity. In some cases Out of Town or Out of State Buyer's may have only a small window to choose a home. If showing is difficult many Agent's will suggest not to view because of the time line.Condition = Is the home in move in condition? If not is it priced below market value of a similar home in good condition. How does the home look from the street does it have good curb appeal? Sometimes a little bit of paint will go a long way. Be sure and always depersonalize and declutter the house. Remove personal pictures, large furniture, remove out of season clothes from the closets, Make sure to keep the house clean while it is on the market. Remember to make the beds and remove dirty dishes before leaving for the day. Remember you are in competition with other home owners.Location = At this point you can't do much about the location but a home that has easy access to main roads, schools and shopping in most cases is advantages. Houses that are the biggest or the smallest in the neighborhood usually have a disadvantage. This is one time being in the middle is better. Do the property back to a main road, business or in a flight path? These are also factors when selling a home.Exposure = The more people who know about the home being on the market the better chance to sell it. Today about 85 to 90% of home buyers find their home on-line. When listing a home make sure the Agent is savvy about marketing homes on the internet. The days of putting a sign in the front yard with fliers is gone. With the use of Multiple Listing Services, home search type web sites and call capture features buyer can get home information 24/7.

As an intelligent person I know you are aware that real estate agents are not fast or inexpensive, and banks are not exactly renowned for their lightning fast processes either, but what else can you do? Depending on your situation one solution is to sell the house quick by offering a discount to cash buyers. Remember even a well qualified buyer takes time, even months, to get a bank loan approved and get through escrow. Are the traditional methods the best or only options you have? Maybe if you knew of someone that might be able to get enough cash together to make you an offer. If only it were that simple. You might even be able to close on the deal by the end of this month! But that only happens in fantasy land, right? Actually you are in luck as real estate investors are very much in the practice of doing just that. In fact this is just one of many examples of how and when a real estate investor may be involved in any number of properties. For now we will focus on one specific scenario and that will be buying a property in cash for a quick and easy transaction. Often times when a property is going to be sold at a discount it is referred to as wholesaling. In a typical wholesale deal a real estate investor will have a contract for the property owner to sign granting the investor control over the sale of the property for a limited time. The contract will usually consist of terms which generally boil down to an agreement to sell the property for a specific price and within a specific time frame, generally thirty to sixty days.The idea of having a contract to sell your property, much less sell it at a discount, probably sounds a little scary or even strange. Be assured that these contracts are short, simple and to the point. If they were not then no one would sign them! Also keep in mind that you do not have to sign a contract before the ink is dry and there will be some time to think it over. Have it reviewed by your own legal advisor to help put your mind at ease. These short and sweet contracts will not take a legal professional much time, and subsequently not much of your money, to have it reviewed. Signing a contract provides incentive to a cash buyer as no one is going to want to put a lot of time and effort into a deal that they do not have confidence in. A signed contract means the deal is half done already and assures the buyer that the seller is serious. In this situation the buyer now knows that the property is available to them and due diligence may be conducted prior to closing the deal. The advantage of this type of a transaction to the seller is the speed. The whole process of discovery, offer, entering into a contract, performing due diligence, and final decision is most often going to be much quicker than dealing with a conventional loan and real estate agents. Both the seller and buyer score a win.