Selling

Selling Tenanted Property

A landlord must tell existing or prospective tenants that a property is on the market. A landlord then has the right to bring buyers through, subject to reasonable conditions placed on that access by the tenant. Landlords and tenants need to work out what will suit them both. Any agents contracted to sell the property must stick to those arrangements. If a property is sold when there is a fixed term...

Selling Your Condominium

In a condominium the owner has a deed for the unit, has a separate mortgage, pays property tax on the unit plus a percentage of the common areas and pays a monthly maintenance fee. The condominium owner has a fee simple absolute unrestricted ownership and is individually responsible for property taxes and maintenance fees. When selling condo, use the sales price of condominiums with similar size, appeal,...

Staging Your Home to Sell

So you’re thinking of selling your home, and you want it to be presented in its best possible light to potential buyers. You’ve probably heard this before, but the way you live when your house is for sale is NOT the way you normally live. I mean, who do you know that has zero appliances on their kitchen counter? Or absolutely nothing on their bathroom counters except for a stack of perfectly rolled up...

The Selling Process

It’s a good idea to interview the agent with whom you will be working in order to get a sense of the skills and talent of your prospective partner. A good agent will: Help you sell your property, Provide comparable sales data to determine the proper asking price, Successfully negotiate all aspects of the transaction, Keep the deal together and make sure that the sale closes. Cornerstone has competent...

Top 3 Reasons for No Sale

The top three reasons that a house does not sell are: It is in poor condition. The house is priced too high. The immediate surroundings, general area or housing market may be a bit depressed. Sprucing up areas that need improvement generally pays for itself, especially in areas of higher priced homes. By all means, avoid a negative home inspection report. Unfavorable home inspection reports have...

What Is My Home Worth?

A house appraisal is an opinion of value, an estimate of worth. The value of residential real estate is estimated by comparing the subject house with similar properties that have been sold recently. Look at your neighborhood to find comparable sales or properties in similar neighborhoods that share similar characteristics of lifestyles, income level of residents, surroundings, average age and value of...

Is Your Home Worth That Much?

Homeowners and appraisers rarely agree on a property’s value, and for the vast majority of the past decade, homeowners have been overvaluing their homes. This year there has been a steadily increasing gap between what consumers thought their houses were worth and the worth determined by appraisers—it’s the first time in 24 months that homeowners overvalued their properties by greater than 9%. Home...

Make Your Home Extraordinary

What You can do as a Seller to make your house look extraordinary? Here are some house fix up tips. Be realistic pricing your house. If it lacks amenities that an equally-priced comparable house has, discount the price of that item. Make sure the key to your house is available to the agent and your house is accessible to be shown at a moment's notice. Be flexible. Clients and agents need that accessibility...

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