Category Archives: Selling

In This Communications Age, what’s a Realtor Worth?

We’ve become a society driven by independence and self-sustainability. From doing it yourself projects around the house, to finding ways to make some extra money without having to go through the middleman or spending a load of money. However, sometimes, do it yourself may not be a suitable idea when it comes to bigger things such as selling your own home. Unlike selling your old tea set on Craigslist, selling a home takes a lot of planning and logistics that a Realtor is trained to handle for the home seller.

So why not sell my own home? Couldn’t be any harder than selling my own car, right? Many will try to convince you that you can sell your own home, no problem and that realtors are out to take potential profit away from you. That could not be farther from the truth. What most do not see are many details and procedures that are done to ensure you get the best for your home.

A Realtor not only brings ease of mind but they also come with leads, clients, resources to advertise and sell your home quickly and efficiently without the painstaking task of handling that burden yourself. It is not as easy as posting a for sale sign on the front lawn in hopes a passer by will stop and shower you with money to buy your immaculate home. They are the middlemen who handle the difficult task of negotiating with potential home buyers as well as help make sure the home is properly priced to sell. They handle the stresses of the paperwork involved, banks, and inspections. They are trained to present your home to the public in a manner that will intrigue potential buyers into buying your home for less than what many think they take.

In the end, the stress of something so big can be quite overwhelming and a Realtor is the person to take that huge burden off your shoulders so you can focus on what is important.

There are more than 100 items on a checklist that your Realtor does for you. Take the advice and hire yourself a Realtor!

All of this can be an involved process which is best addressed with a knowledgeable Broker. My clients appreciate my candid advice and I would be happy to offer you my assistance. Please visit or call us at 917-952-7364

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Consider It Sold

sold-anotherYes, you can consider it sold!
Whether you’re a home owner selling to relocate or a bank holding a repossession we can help!

When working with banks and asset companies we offer our unparalleled service beginning with eviction, when needed, and securing the location. We have the property cleaned, yards mowed, repairs done as required, coordinate inspection services, winterize, advertise and market to buyers, give reports, and be there through the closing.

Home owners can be assured we will handle your real estate transaction as if we were selling our own home.
We will perform a comparative market analysis for fair market value. We will walk you through all the steps and offer you resources to answer any questions you may have. We will help you market your property and navigate the paperwork including closing the deal.Harriet Robertson

Are you ready to develop a trusting relationship? Great, give me a call!

How to Start Investing in Real Estate – 3 Top Ways to Invest

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Investing in real estate is one of the best decisions you can make for your portfolio, but you probably already know that. Do you know, though, that you have numerous options and opportunities to invest in real estate in Dallas and all across the United States?

Different types of investments are better suited to different investors and their goals for their careers and their portfolios. Whether you want entirely passive income or you are interested in having at least a semi-active part in your investment, there is an investment opportunity out there for you.

Investing with a Real Estate Investment Trust (REIT)

Perhaps the most passive form of real estate investment available today, when you invest with an REIT, you will not take direct ownership of the property you invest in. Rather, you’ll buy shares of the REIT itself, which will be worth a percentage of the development or developments that it invests in. You will then see returns based on your investment – usually dispersed on a quarterly basis.

Investing with an REIT looks and feels very much like playing the stock market, as you’ll simply be buying shares in the REIT and you can sell your shares whenever you like. Depending on the REIT, the buy-in rate is also fairly low, making it an attractive option for new investors. REIT shares are not eligible for 1031 exchanges, though, so you will be responsible for paying capital gains taxes when you sell.

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Turnkey Rental Properties

Another hands-free option is to purchase a turnkey rental property. This kind of property will be move-in ready, and it will usually come with property management. Some properties even have tenants already living in them, so you can begin getting monthly or quarterly cash flow immediately.

Because these properties are often single-family homes, your income from the property will depend on having tenants living in it. A gap in tenancy can result in a significant loss of income, but a good property management company will work hard to retain tenants and to replace them quickly when necessary. Also, because you will directly own the property, when you sell it will be eligible for a 1031 exchange, which means you can defer paying your capital gains tax on the property if you purchase another investment property within a certain amount of time.

Crowdfunding Real Estate

The newest type of real estate investing around, real estate crowdfunding platforms were only open to people who qualified as accredited investors until recently. Because accreditation only reflected net worth and/or annual income, though, it was not the best indicator of a good investor, and as of last year, with the passing of Title III of the JOBS Act, now anyone with the funds can invest in real estate crowdfunding.

Like investing with an REIT, real estate crowdfunding is a form of equity investing, so you will not take direct ownership, and you may not perform a 1031 exchange if you sell your equity. However, this form of investing allows you to spread your investment capital over as many crowdfunded developments as you want, choosing exactly how much to invest in each.

Please call me to further discuss any and all of these options! Thanks   harriet

Sell Your House Hassle Free

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Sell Your House Hassle Free

What are the most important factors when selling a home?

Selling your home takes much more than simply putting a price tag on it than advertising it on the internet. The price a home will sell for is dictated by many factors, and also determines how quickly that home will sell. The end game for selling your home is to put forth a home that buyers will want to make an offer on. Below are some things to keep in mind when you’re trying to sell your home.

Pricing
Pricing is one of the most important things to consider when selling a home.  Correctly pricing a home is part science since it involves looking at similar home sales from recent past sales to assist in setting a base price. If you price a $500,000 home for one million dollars, not only will you not get any serious buyers, and may get no offers at all. Hiring a local Realtor’s expertise to help you in the selling your home is important if you want to get the best price, with the shortest time on market, specifically because he knows best of your local market.

How is the price set?
If you want to sell it’s important to price your home according to current market conditions. The real estate market is constantly changing, and market condition fluctuations can have a profound effect on property values.  It’s imperative to select your list price based on the most current comparable sales in your area. A comparative market analysis provides background data to help you base your list-price. When you prepare to sell and interview agents, be sure to study each agent’s comparable report and the data should be from within the last few months. If all agents agree on a price range for your home, then go with the consensus.
Where do I get information on housing market stats?
There are many websites like Realtor, Zillow, Trulia and local searches at most realtor sites. They all offer almost everything listed for sale. If that’s not your route, then a real estate agent is a good source for finding out the status of the local housing market. So is your statewide association of Realtors, most of which are continuously compiling such statistics from local real estate boards.

What’s the difference between appraised value and market value?
The appraised value of a house is a certified appraiser’s opinion of the worth of a home at a given point in time. Lenders require appraisals as part of the loan application process; fees range from $200 to $300. Market value is what price the house will be at that point in time. A comparative market analysis is an informal estimate of market value, based on sales of comparable properties, performed by a real estate agent or broker.

What’s the difference between list price, sale price & appraised value?
The list price is a seller’s advertised price, a figure that usually is only an estimate of what the seller wants to get.  The appraisal value is an appraiser’s estimate of the value of a property and based on other comparable sales, the condition of the individual property and the neighborhood.

Condition
A property’s condition is a key factor in the type of buyers it attracts. If your home is not well prepared to go on sale then it will attract primarily value buyers and investors looking for a good deal on a home that they can fix while living in it, or fix and flip it for a quick profit. Most buyers you will find will be looking for a home that is ready to move into without needing much work. The condition of your landscaping is the first impression for buyers arriving.  Curb appeal is referring to homes front and how buyers will perceive the inside when seeing the outside. If your home exterior is appealing to buyers then they’re more likely to want to see the rest of the home as well.

Location, Location, Location

And, that’s that! The location of your home greatly affects the pricing and desirability for most buyers. If your home has a great view and is located by a lake, riverfront, has a great view of the downtown city, or is in a neighborhood surrounded by similar high priced homes, buyers will appreciate those features and your ability to sell the home is easier.

The Home’s Look
Take a good look at the home’s overall appeal when considering updates. Look at the age of appliances and other mechanical systems, as well as the floorplan. Based on when your home was built the trend may have been more enclosed rooms with little openness in the flow of the home. Current home building trends are more towards open floor plans with plenty of windows to allow in light and fresh air.

While your appliances may be in great condition, if they are 10 years or older their efficiency is lower compared to newer models which means increased energy costs for the buyers. New appliances give your home a more modern convenience look and today’s buyers will be more appreciative of something newer that won’t need replacing soon.

Staging
Home staging helps homes sell quicker and usually sell for more than they would have without. Applying common staging tips like decluttering, depersonalizing and using a neutral décor helps position your home better than non-staged homes on the market. Home staging is an advantage you can use to help sell your home for top dollar.

When is the best time to be in the market?
Many people prefer to move in the spring or summer, and the market has seasons where it starts to heat up as early as February as many families are eager to act so they can move during the summer vacation, and before the new school year begins. The market starts slowing down in late summer, before picking up briefly in the fall. November and December are traditionally slow months, and many astute buyers go bargain hunting during this slow period.

How does someone sell a slow mover?
Even in a down market, real estate experts say that price and condition are the two most important factors in selling a home. If you are selling in a slow market, your first step would be to lower your price. Also, go through the house and see if there are cosmetic defects that you missed and can be repaired. Secondly, you need to make sure that the home is getting the exposure it deserves through open houses, broker open houses, advertising, good signage, and listings on the local Multiple Listing Service (MLS) and on the Internet. Another option is to pull your house off the market and wait for the market to improve. Finally, if you have no equity in the house, and need to sell because of a divorce or financial considerations, you could discuss a short sale or a deed-in-lieu-of- foreclosure with your lender.

Call me to discuss the details for a hassle free sale of your property.imageF.

Thanks, Harriet Robertson
347-406-8369 Office
917-740-7367 Cell
866-210-9155 Fax

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