Whether you are selling your home as For Sale By Owner or using a Realtor, it is very common for home buyers to make a contract contingent upon a satisfactory Home Inspection so that they can determine the condition of the property’s major systems and structure. Usually the inspection is conducted within a pre-determined time frame and if the time constraint is not met, the home inspection contingency is automatically removed. The inspection is usually at the buyer’s expense and can range anywhere from $200 – $500. Find a Home Inspector here.
After the inspection, the buyer has a number of options… he can (1) remove the contingency clause. Or if he is not satisfied with the condition of the property he can (2) ask for repairs to be completed by the seller or (3) merely walk away from the contract and have his earnest money deposit returned to him. Bottom line, the home inspection is a re-negotiating tool for the buyer.
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When you list your property for sale, one of the most important (if not THE most important) elements of your listing are the photos. If a picture is worth a thousand words, then having at least 10 photos available will give you ten-thousand words.
With an estimated 80%+ of home buyers starting their search on the Internet, photos have replaced curb appeal as the most important place where first impressions are made. According to a National Assn. of Realtors survey of the Web features that buyers found most important, 83% chose photos, 81% selected detailed property information and 60% selected virtual tours.
Every day, decisions about which homes to see and which homes to skip are made based on what a home buyer sees while viewing homes online. You can clearly see the importance that photos have on selling your home. If you can’t get the buyer in the door, you can’t sell the house.
So, is there a way to get better photos, short of hiring a pro? Here are several tips to spruce up your home and photos for maximum effect.
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Today’s market is super-competitive, this much is for sure. For Sale By Owner sellers need to do everything they can to move their homes off the market as quickly as possible. This may explain why “staging” has become such a hot trend when selling in this real estate market. Unlike some trends that are more trouble than they’re worth, this is one trend that can really pay off! Here are 12 reasons why you should consider staging your home:
- Turbo Boost Sales Time
Experts all agree and studies show staged homes sell quicker than non-staged homes. Sometimes 30-50% faster in most areas. This is more important then most people realize because the longer a home is on the market….the greater chance for a price reduction. Most buyers and their agents believe that, if a home has been on the market for some time, there must be something wrong with it or that the seller will be anxious to sell and will take much less than the asking price.
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We have mentioned many times in our previous articles about how important pricing your home is but let me give you a little tip that may help you sell your home for more.
Tip #1 – PRICE YOUR HOME ACCURATELY
Once you know what your home is worth, now is the tricky part. Setting the selling price. If you set it too high, you will get less visitors to see your home. If you set the price too low, potential buyers will be suspicious and think something is wrong OR think you are desperate to sell and try to negotiate you down even further. The trick is simple, price it accurately the first time and within a few thousand of where you want the home to close at. Ultimately, there will be more offers and less negotiating on the price.
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