Greater Michigan Realty

Given the present economical conditions and the large amount of homes for sale, you need to become a creative seller to have your home sold quickly and for top dollars. To do so, you must be able to offer people different alternatives and reasons to buy your home.

One of the best ways to attract buyers is by offering buyers owner financing. National statistics show that sellers offering owner financing attract three times the number of potential buyers. With three times the buyers, it’s more likely that you’ll sell your home faster.

The reason this method works so well is because many people are scare to fill a mortgage application or have been turned down in the past for a loan and don’t want to repeat the same experience.

However, there are some disadvantages when using owner financing. The main problem has been that it forces the seller of the home to hold a note for a long period of time. Since most people need the money to get into a new home, the owner financing option has not been a realistic solution for people needing to sell their home quickly.

However, to go around this problem you can simply contact a note buyer in your area and set it up so that the note buyer will buy the note you just created at the point of closing. Usually, you’ll end up getting about 91% of the value of the home. Although this may seem as a big discount, you need to realize that by offering owner financing, you’ll sell your home sooner and for a higher prices since there will be more people interested.

To find local note buyers, you can do a local search using Google.com. After you get a few numbers, call them and ask them a few questions such as:

- Do they buy residential notes?
- How much seasoning must the notes have? (How long has it been from the creation of the note to date?)
- What kind of discount do they offer?

To find more information, please go to http://miamimortgagehome.com/For_Sale_By_Owner.html or email igorbuces@gmail.com .

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Igor Buces is a certified mortgage broker in Florida. He specializes in helping for sale by owners to sell their homes quickly with different types of creative financing.

You probably have lots of emotion “built in” to your house. Maybe you fixed it up, or you raised your children there. Your home is your “special” place. However, when it’s time to sell, don’t let emotion play a roll in your pricing decision!

Many sellers don’t understand that overpricing can actually result in your getting LESS for your house than if you had priced it correctly in the first place. Knowledgeable agents and buyers often won’t bid on an overpriced home. By the time you “wise up” and reduce the price to where it should have been priced in the first place, many of your best prospects will have bought other houses. This decreases demand for your now properly priced home! The problem is exacerbated if you placed your home on the market in the spring, it sat on the market “overpriced” throughout the summer, and now that you’ve reduced your price, the market has slowed.

Also, consider that agents tend to steer buyers away from homes that have been in the Multiple Listing Service for long periods of time. Agents and buyers become suspicious that something is wrong with your property if it didn’t sell relatively soon after it went on the market. It’s important to price it right the day you put it on the market!

Also, consider what you could have done with the profits from the sale of your home if you had priced it right. Suppose you priced it right and sold relatively quickly, and invested that money in a rising stock or bond market. On the other hand, suppose you overpriced your home, and after several months, had to reduce it to where it should have been priced in the first place. Even worse, the house still isn’t sold! You get the picture.

The Dangers of a Lack of Exposure

It’s a fact that most real estate transactions occur between buyer’s and seller’s agents. Buyer’s agents typically find properties for their clients through the Multiple Listing Service. Not being in the MLS makes it extremely difficult to get buyers through your door. If your home is not in the MLS, you’re off the radar! Hire a good real estate agent, and get into the MLS!

Also, make sure your real estate agent uses aggressive marketing strategies to make sure your home sells. In a red-hot market, the MLS is probably the only exposure your home will need. However, if the market is anything less than red-hot, your agent will need to print flyers and introduce your home to other agents in his or her office, as well as other local sales offices. Also, exposure in home magazine ads, classified ads, and the Internet will help generate demand for your home. Make sure your agent uses a powerful marketing program!

The Dangers of not “packaging your home” for sale!

Curb appeal is everything! You can take two identical homes next door to each other, both for sale. The first home has a cluttered yard with tall grass and weeds. The shutters on the house are chipping. There are toys in the yard. When you open the screen door, it’s half way off the hinges. The inside is fairly cluttered as well, and the wall could use a coat of paint. On the other hand, the owners of the home next door paid $300 for a landscaper to mow the lawn, trim the shrubs and clear the gutters. Inside, they added a fresh coat of paint and cleared up all the clutter. Again, the two homes are identical. Both owners paid the same amount for the same model. Guess which home is going to fetch more money?

Don’t be lazy. A few days of labor and minimal investment can make the difference between your house sitting on the market and selling the day you put it on the market. Cosmetic appeal is essential!

Finally, don’t negotiate foolishly!

Don’t appear overly eager when you negotiate with buyers. If you appear too eager or too anxious to make a deal, buyers may become suspicious. Worse, they may lower the offer because they think you’re desperate to sell your home. Stay cool! Also, don’t appear too tough. A good deal can fall apart if buyers find you too rigid to work with.

You probably have a lot of emotion invested in the house, which can certainly get in the way of effective negotiations. The best thing you can do is let your real estate agent handle your negotiations. She or he is emotionally detached from the home and has strong negotiation skills.

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Eric Rogers – Century 21 Pro-Team – specializing in Aurora Homes especially the Arrow Wood Subdivision

This is Gary (Denise’s supporting husband) and I wanted to share with you the new browser by Google, called CHROME.  www.google.com/chrome

If you want a fast browser (and who doesn’t) download this application and try it out.  Here is a comparison link on the speed.  

http://news.cnet.com/8301-1001_3-10030888-92.html

You will not believe the difference.  Rock on Google!

Selling a home on your own is a something that can be very rewarding and also very confusing. If you aren’t familiar with the process that are a number of downfalls that a first timer can make that serve to make the whole process more stressful then it needs to be. Here is a partial list of things that you will want to avoid in your FSBO sale. Hopefully these things will help you to realize a better profit form your home sale and take some of the pressure off during the sale.

The first mistake that many FSBO sellers make is pricing their property incorrectly. This is also true of many regular sales but FSBO sellers that have not priced a home before can easily get carried away in emotional recollections and this make pricing a home extremely difficult. IF you can handle the phone calls from agents the best way to find the proper value of a home is to have a few CMA’s done by local agents. This should give you a good idea of how your home would be priced if listed with an agent. Pricing a home emotionally will never result in a proper and competitive price. Find out what other homes in your area are selling for and price your home to compete with them. If you overprice your home it will get less traffic and generate less interest.

Another big issue for FSBO sellers is finding approved buyers. Most realtors will ask viewers to produce a letter of approval from their mortgage company to ensure that their time and the seller’s time is not being wasted by dealing with someone who cannot come up with the loan to purchase the home. There is no reason that you yourself should not require the same security. Ask any interested parties to provide a letter of approval and don’t be afraid to check it out and make sure it is legitimate. This will save you a lot of time and potential heartache and headache if the buyer is not genuine. IN a FSBO sale you must be sure to protect yourself and your home. Don’t take any chances and if you have any question don’t hesitate to ask someone in the know!

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Ken Hamric is a representative of www.homesbyowner.com. Homes By Owner is an intuitive site that allows you to advertise your FSBO home in over 900 metro areas of the U.S. and Canada. Come and check out the largest network of FSBO experts in North America.

You have been WONDERFUL.  Your responses and communication have been quick, precise, and very helpful.  THANK YOU. 

H. Hopkins

Is using a Realtor really the only profitable way to sell your home? This is a question that FSBO sellers have been trying to answer and the average realtor is trying hard to ignore. The secret is that you really can sell your own home for a good profit without professional help. One real truth is that selling is selling and if you can sell one thing you can likely sell another thing. Of course there are some particulars to home selling like titles and other legal matters but you will need to use the services of an attorney no matter whether you use a realtor or not. All matters legal will need to be handled by an accredited professional, outside of that you can do as you please.

Of course, selling your own home will require a fair bit of time and attention. There are a number of things that a realtor usually sees to in a typical sale that you must now deal with yourself so it’s best to make a plan and detail what needs to be done step by step. Preparation is going to be a key part of this sale as the home will have to be impressive as will your sales ability. In getting the home ready for sale, perhaps engage the services of a home stager or if you are feeling up top it; take on the staging yourself. Homes are hardly ever lived in, in perfect show condition. In fact it is almost impossible to do this. When the showings actually start and offers start coming in you are going to have to rely on your personality and candor to win over buyers. It is important to be likeable as buyers hate to deal with people that they do not like. Would you buy a care from a guy you hate or cannot stand to be around? Maybe or maybe not, but it is much easier if you like them right?

Negotiating is going to be tricky as you are emotionally and financially involved in this transaction. In using a realtor you still are, but you aren’t as immediately involved in the actual negotiations. It can be easy to get emotional during this process but it is important that you remain as professional as possible. Be prepared for buyers to make offers that you feel are outrageous. They do not have the same attachment to the home that you do. If you have priced your home correctly then the offers should reflect that pricing. Lowballs might happen but just counter them appropriately. If you know your home’s worth then stick to your guns and see the sale through.

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HomesByLender.com is the elite source for FSBO financing and homes for sale by owners. Utilize our nationwide search to locate FSBO homes in any state or town. HomesByLender.com is your one-stop FSBO information source.

The buyers market is not the best time to be selling a home but if you spend some time and effort in creating that perfect atmosphere for your home, it is likely that you will be able to sell quickly. In a buyer’s market there are more homes for sale than there are buyers, so it becomes critical to set your home apart from other participants in the local market. Ideally you would be able to hold off on the sale of your home until the market evolves into a seller’s market and there is a high demand for homes; but sometimes a seller simply has to sell A.S.A.P.

Selling during a buyer’s market means that there will be a larger number of people viewing your home as buyer’s will want to see all the homes that fit their needs. It is unfortunate for sellers that during a buyer’s market, prospective purchasers will be making lower offers, secure in the knowledge that if one seller does not accept their offer there are any number of others who will. The difference in the bottom line price will depend largely on the area your home is in, it’s proximity to amenities and major places of commerce, extras and incentives and on the quality of the home itself.

If it is necessary to sell your home during a buyer’s market then you should really take some time to consider what other sellers are offering ion your area. Take a look at the other homes that are currently listed and compare yours to them. It is in times like this where you have to be realistic and honest with yourself about the desirability of the package that you are offering. If you feel that it is lacking in comparison to other homes then it is possible that buyers will think likewise and this could drop your bottom line price in the end. Selling in a buyer’s market is all about presentation and making sure that your home is one of the most attractive and competitively price options for the numerous buyers that are ready to purchase.

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Albert Bor is a certified and professional Arizona realtor representing Choice Group Realty. The Choice Group specializes in Chandler Arizona real estate. Contact Albert for more information on Phoenix real estate or visit the Choice Group at www.arizonachoicerealestate.com.

If there is one truth about the FSBO market it is that you need to be smart about the sale to make any money from it. In order to gain the right amount of attention for your home you need to try to think like a realtor. How should the home be shown? Showcased? Displayed? These are things that your average home seller does not think about, they leave the specifics up to their agent and just worry about keeping the home clean and presentable.

One of the first things you should consider is having a CMA done on your home by a few different realtors. Of course after having them do this they will want your business but simply let them know you were just interested in finding out your home’s value. Or you can do the research yourself although it will take some time to find the information. The CMA is a comparative analysis of similar homes that have sold or been listed on the market in your area. It details what price the homes were listed at and what they sold for. This is designed to give you a good idea of what to list your home for, based on the advantages that your home offers. The price that you list at must be competitive with other homes of similar design and size. Pricing your home too high is one mistake that many FSBO sellers make as there is a definite emotional connection to a home for any owner. Unfortunately a buyer will not have that same connection nor will they be agreeable to paying more money for it. In an FSBO sale, more than any other type of sale you really need to remove yourself emotionally from the process.

Pictures are worth a thousand words so find some high-quality camera equipment and take pictures of your home under the best conditions possible. Sunny days are perfect for this activity as the home looks its best with bright sunshine illuminating all of its assets. Be sure to spend some time cleaning the yard before you begin photographing anything. Also make sure that you use current pictures that detail you home as it currently is. If you make any changes to the home during the sale then make sure you retake the pictures. Be sure to get pictures of every room in the home so that buyers know what to expect when they arrive to view the home.

The idea here is to set your home apart from others on the local market, including those being sold by realtors. You will need to consider as many angles as possible to get the right kind of buyers interested in your property so don’t be afraid to take some time and try different things to attract the right buyers.

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Ken Hamric is a representative of www.homesbyowner.com. Homes By Owner is an intuitive site that allows you to advertise your FSBO home in over 900 metro areas of the U.S. and Canada. Come and check out the largest network of FSBO experts in North America.

real estate agents
Commercial Real Estate Projects are largely similar to residential real estate except that they can be many times larger in terms of scale and may require large amounts of money. In order to make it more likely that you will succeed and make wealth there are some important path that you need to consider. Some bankers will lend you wealth in proportion to the credit of your largest tenant so you would want to find a property with credit worthy tenants or source for credit worthy tenants to take over the lease. If you have enough time then you should spend time learning the craft by yourself.

real estate listing
You can also find properties which are located thousands of miles away. Bear in mind however that you will need to spend money on realtor fees unless you stick to the classifieds adverts on the internet. There was this large scale residential project that was re-zoned to commercial use. The developer had to spend a lot of time renovating the inside of the property so as to convert its use from a residential property to a commercial office type of setup. If you do want to use the internet to get a great value property then you still have to be prepared to do some hard work. It’s best to do your due diligence and hire a proper real estate attorney to do a check on the property for you to find out if there is impending re-zoning as it can affect your real estate investment.

real estate maine
Spending some time after lessions about the age of the building and when the electrical and plumbing work was last repaired is critical when looking at a potential building to capture. Once you have informally inspected the property you can then enter into a contingent work. This means that the contract will depend on a professional inspection. The cause is that electrical and plumbing problems mean that you might have to hack through the walls and ceilings so as to replace old metal pipes that are corroding and faulty electrical circuits. You should find someone which is experienced, they will probably be slightly more expensive, and however it is worth it.

This means in effect that you have to do massive renovation on the property and unless you are tearing the building down from scratch and rebuilding it, such repairs may not be worth your while at all.

This is testing out the very first blog.  I am hoping to be better at this in the near future.