Why use a realtor?
The selling process generally begins with a determination of a
reasonable asking price. Your real estate agent can give you up-to-date
information on what is happening in the marketplace and the price,
financing, terms, and conditions of competing properties. All real estate
licensees are not the same. Realtors subscribe to a strict code of ethics
and are expected to maintain a higher level of knowledge of the process of
buying and selling real estate.
What about Seller Listing Agreement?
Realtor and sellers often work together with a written contract. A
listing agreement is a binding legal contract that shouldn't be taken
lightly. The necessity of reading the contract carefully and understanding
what it means before you sign it can't be overstated. Listing contracts
vary considerably from place to place. Here are some basic terms to
consider:
- Term of the Agreement: a longer agreement benefits the
agent because it allows him or her more time to find a buyer for your
home.
- Multiple Listing Service (MLS): a listing agreement
typically authorizes your agent to post your home in the MLS.
- Lockbox: a lockbox is a tiny key-holding safe that can
be inconspicuously attached to the front of your property.
What's your home value?
To sell a home you need to know the estimated value it will help you
set an asking price and help you determine an acceptable range of bids to
consider. For most of us, our home is the most valuable single asset we'll
ever own, it's important to know what it's worth.
What's Market Value Pricing?
Market value pricing is an innovated approach to property pricing.
Sellers are able to offer their hoes similarly, in a price range rather
than a specified price. When a home is offered within a price range, it
indicates that the selling price will be somewhere between the low and the
high points. The seller has agreed to consider, all offers within this
range. The final price will be the result of negotiation between the
parties.
Why Inspections?
Sellers may disclose to the buyer all known facts that
materially and adversely affect the value of the property being sold and
that are not readily observable. The home inspection checks the interior
and exterior of the home. The price of the home inspection will vary with
the size of the home and with the amenities of the home.
- Choosing an Inspector: Be sure the inspector you hire is
licensed and certified.
- What's the point? The inspection is done to determine whether
any warranted items are in need of repair.
What's the Buyer Agency and Representation?
Florida law requires that a Notice of Nonrepresentation should
be provided to you at your first contact with a realtor, and in any case,
before any confidential information is discussed. The Brokerage
Relationship Disclosure form notifies you that you are not represented
until you choose to be.
How to select a Buyer's Agent?
Get suggestions fro your friends, neighbors, employers, a realtor
book, and even a group that you belong to may know of good realtors. They
advertise in the local real estate magazines, the internet, and other
local sources of advertisements. Stop at open houses in neighborhoods that
you like and in addition to looking at the house check out the realtor.
How to Choose a Home?
Once you've settled on a couple of neighborhoods for your search, it's
time to pick out a few homes to view. When narrowing down your home
search, consider:
- Types of homes
- Home purchase considerations
- Home comparison chart
- What to do when you've found the right home for you
In addition to single family homes (one home per lot), there are other
forms of home ownership:
- Multifamily homes
- Condominiums
- Co-ops
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Introduction