Home owners can take steps to save money when selling their house
Ever wonder the “True Reality” of the housing marketing collapse. To better understand a truer picture of today’s real estate market’; simply do your own survey.
Look at the first 10 “real estate for sale yard signs” in your local market. (Ex. Dover homes) Here’s how it probably tallies:
2 homes for sale by owner
5 homes using a realtor to sell are either about to go in the foreclosure process or have been in the foreclosure process
3 typical homeowners wishing to sell use a realtor
Before the housing crisis in the year 2008 you would have found: (Ex. Dover real estate)
1 home for sale by owner
7 typical homeowners wishing to sell used a realtor
1 home using a realtor for sale was in the foreclosure process
How can this help you?
THE NEW REALITY
Today, a homeowner may be hit with the reality that the investment they thought they made in their home may have little to zero equity. Some of the zero equity is due to the housing market meltdown and the current economic environment. Some of the zero equity is due to the homeowner accessing their house for equity lines of credit to make purchases or spend on other activities.
Whatever caused the homeowner to get to point they are today, dealing with this reality is difficulty. The homeowner now decides that they want to get out of this house. What are my options?
Do I list my house myself?
Do I sell my house myself?
Do I list my house with a Realtor?
Do I sell my house with a Realtor?
My economic realities will have influence on my course of action since I’d prefer to move out of my house without paying someone to buy it from me.
I cannot afford to lose thousands of dollars on my investment that has little to zero equity?
THE BASIC RULES OF TODAY
Understanding the nuts and bolts of real estate will help you determine the best way for you to proceed with selling or buying a house.
A real estate transaction can be broken into distinct areas. These two areas are the Listing Phase and the actual Selling Phase.
“The Listing Phase” is briefly described as the phase where the search for a buyer occurs. This phase is mostly comprised of increasing the advertising and marketing exposures of the listing/property for sale.
The actual “Selling Phase” is a little more complex. It often requires the knowledge and experience of experts. This phase may involve coordinating showing appointments, taking the prospective buyer through the home, negotiation of the final price of the house, and then working with the Bank(s), Attorney(s), and Title Company(s).
LISTING A HOUSE TODAY
Consumers are not all looking for the same “shopping” or “selling” experience…
My budget and desired shopping experience will define the manner that I finally choose to sell my house.
My economic realities will have more influence on my final purchase than my ability to browse through an on-line store of properties.
SELLING A HOUSE TODAY
How can I save monies when doing the home sale?
TODAY’S BUYER CAN USE TECHNOLOGY TOOLS AND….
To empower consumers with tools and information to transform how they buy and sell homes.
The headlock that brokers have on the market is being loosened by the availability of all kinds of information on the Web.
Give consumers more power to advertise their properties along with giving agents and consumers more web/internet based solutions for marketing properties.
SHOPPING FOR A HOUSE TODAY
The internet needs to serve the consumer, satisfy the customer and only then can it perform the services that real estate professionals need to be successful. Fool consumers once on the Internet and they remember that you are disingenuous and they will look for alternatives.
I want to sell my house and save monies by understanding the phases of selling of my home?
Know your market to determine your listing price.
Do local research to determine potential listing price.
By knowing the market prices of properties recently sold you can determine what to sell your house for thus not pay someone to buy it from you.
My budget and desired shopping experience will define the manner that I finally chose to sell my house.
The internet can serve the consumer, satisfy the customer and only then can it perform the services that real estate professionals need to be successful.
The simple survey from above probably shows you that today eighty percent (80%) of the properties for sale used a Realtor List their home.
This is great for one who can afford to share thousands of dollars but if ones’ economic realities influence me to consider saving some money then I decide what I have the abilities to do myself without breaking my budget.
Today, it may just take a homeowner just a moment to recognize that the investment they thought they made in their home may have little to zero equity because of the current economic environment and/or accessing their equity for lines of credit to make purchases or do other things.
So, now, when the homeowner wants to sell their house – how can the homeowner make the most of the situation to sell their house and save money?
The homeowner can save some or possibly all of the thousands of dollars normally paid to a real estate company.
Instead of paying a real estate company to do the listing phase and/or selling phase of their house; they might be willing to do the tasks that occur in phase.
