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Knowledge can be the key to a speedier house
sale. That's why you're smart to learn all you can about
selling your house -- from appraisals and negotiations to
what to expect at final closing.
Plus, now's a good time to find out how a CENTURY 21 agent
can help you market your house for the quickest sale at
the best price possible. |
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Step 1: Create a Marketing Plan
Step 2: Setting the Price Step
3: Showing Your Home Step 4: Protecting
Yourself Step 5: Making the Deal |
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Step 1: Create a Marketing
Plan |
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Create a marketing plan for your home that will
help distinguish it in your local marketplace and attract
buyers to your property. This may include advertising in the
newspaper, posting your listing on the Internet, holding an
open house and more. CENTURY 21 Sales Professionals often
use the CENTURY 21 Customized Marketing System to create a
personalized selling program for clients. Its purpose is to
sell a home at the best price possible in the shortest amount
of time. |
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Step 2: Setting the Price |
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A key part of the marketing plan is setting
the list price. If a home is priced too low, it may cost you
money. If a home is priced too high, potential buyers may
be scared away. To determine the best asking price review
the cost of recently sold homes, evaluate the competition
and study marketplace trends. CENTURY 21 Sales Associates
are trained to use this information to help you reach the
right asking price. It is also helpful to discuss other terms
and conditions, such as timing and items that can be included
with the sale of the home. Both of these can make your home
more attractive to potential buyers.
An appraisal is a professional estimate of a property's market
value, based on recent sales of comparable properties, location,
square footage and construction quality. This service varies
in cost depending on the price of the home. On average, an
appraisal costs about $300 for a $250,000 house.
A comparative market analysis is an informal estimate of market
value performed by a real estate agent based on similar sales
and property attributes. Most agents offer free analyses in
the hopes of winning your business.
You also can get a comparable sales report for a fee from
private companies that specialize in real estate data or find
comparable sales information available on various real estate
Internet sites. |
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Step 3: Showtime! |
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Now it's time to get your home ready for the
spotlight. Start with a good cleaning, then eliminate any
clutter, add a fresh coat of paint and tidy up the yard. Talk
to your real estate professional about other tips that can
help boost a home's curb appeal and impress potential buyers
once they're in the door. One way to make a home more attractive
is to purchase a Home Protection Plan. This insurance protects
you, the seller, from paying repair or replacement costs of
major items during the listing period. It also protects the
buyer during their first year of homeownership.
In addition, make sure you are aware of all the federal,
state, and local disclosure laws. This information can be
obtained by the specific local and federal government agencies
or from your local CENTURY 21 Office.
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Step 4: Protecting Yourself |
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In some cases, a home sale can also be an
invitation for danger. Here are some things you can do to
make the process safer.
- Ask for identification
- Ask for pre-approval letters
- Lock up and hide collectibles and valuables
- Remember "For Sale" signs bring in buyers.
Do not allow your children to open doors to strangers.
- If you have pets, make sure they are controlled
- Remove any dangerous items
- Talk to your CENTURY 21 Sales Professional about additional
safety tips to help protect you and your family.
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Step 5: Making the Deal |
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A buyer has made an offer - now it is time to
negotiate. Rely on your real estate professional to guide
you through this process. He or she will help you arrive at
an acceptable price, terms and conditions. Once you have accepted
an offer, help keep the deal together by meeting deadlines
and criteria, including home inspections, appropriate buyer
visits, scheduled deposits and other steps. In fact, during
this period there may be a renegotiation of the accepted offer
price depending on the outcomes of these visits. As the closing
nears, you may also need to perform repairs or do additional
work to the house as agreed upon in your contract. In addition,
you will need to have the house "broom clean" prior
to the closing so that the buyer can complete a final walk
through. When you finally arrive at the closing table, come
prepared with the appropriate certificates and approvals as
required by your town, county and state. Ask the appropriate
agency or get a list of what you need from your local CENTURY
21 Office. Once the money has exchanged hands and all the
papers signed it's time to hand over the keys and concentrate
on your next big project - getting YOUR new home in order. |
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