Wednesday, October 23, 2019 / by Elizabeth Sorensen
You’ve been thinking about selling your home, but you’re just not sure if now is the right time. How do you know when is the “right” time to sell?? I get asked this question a lot! The answer is, “It depends.” What may be the perfect time for your friend or neighbor, may be too early-- or too late for you. When it comes to selling what is most likely your largest investment, it is important to sell at the right time. I’d like to share five points to consider when determining if now is the best time for you to sell.
Your local real estate market- While it’s important to be aware of national market trends in real estate, you should dig deep and have a thorough understanding of your particular neck of the woods and how those conditions may impact the sale of your home. Is it a buyer or seller’s market? How much inventory is currently on the market?
Mortgage rate trends- When m ...
Friday, October 18, 2019 / by Dennis Isip
I'm going to be honest with you. Successfully selling your Spokane, WA home by yourself can potentially save you 3-6% in commission fees.
Then, I'm going to be brutally honest with you. Your chances of succeeding are 7% (based on 2018 statistics from the National Association of Realtors), and even if you did sell it on your own, you may not be totally happy with the results.
The first 14 days will be crucial; it's very likely that your buyer will be a friend, relative, co-worker or neighbor. After those two weeks, your odds of success drop down dramatically to less than 2%.
Here are 4 things that you should expect, if you continue to go on your own:
1. Be prepared for any potential litigation. Buyers typically discover some defect about the property shortly after moving in. Unfortunately, the first thing that comes into their mind is that the seller intentionally kept it a secret. If it escalates and doesn’t get resolved quickly, the lawyers may be called upon ...
Friday, July 26, 2019 / by Dixie Simon
Perhaps you have expanded beyond your current living space, or you would like to move into a different-better neighborhood. Maybe you want to move closer to your work…whatever the reason, there are a few things to do before the “For Sale” sign goes live:
To begin with, you need to look at the principal balance on your current home. You must also figure in all costs associated with selling your home such as; repairs, your closing costs which can be average 8-10% of the sale price of your home and the expense of the move itself.
Reviewing Market Conditions
Evaluate your local market conditions. You are assessing the market to include the current inventory of homes for sale, the recent successful transactions, and housing prices in general. Are homes moving fast in your area? Are you prepared to move quickly should the opportunity present itself to do so? The most helpful tool in this step is to work with an Expe ...
Monday, April 29, 2019 / by Elizabeth Sorensen
In this DIY-age, it is easy to want to do everything by yourself. Saving money is great, and there are so many things today that we can do on our own after a simple Google search and a YouTube video or two. While sometimes doing it yourself saves you a few dollars, that isn’t always the case when selling your home.
When looking at it from the outside, the For Sale By Owner option, or FSBO, may seem great. With a standard Realtor commission of 5-6%, wouldn’t it make sense to save yourself that money? Think again. In most cases, people choosing to take the FSBO route end up losing more than that when they try to sell on their own. Here are a few reasons to consider forgoing FSBO and hiring an agent.
1. Keeping emotions out can be difficult
Your home typically means something to you. It is where you’ve created memories. Because of that, it can be difficult to remove your emotions from a sale. Agents are there to be a mediator for rejections or nega ...