No one likes to pay a real estate agent 6% to sell their home. Tired of paying such high commissions, many home owners attempt to sell their homes themselves (For Sale By Owner or FSBO). However, many of them realize that not being listed by a REALTOR® means not being able to take advantage of the most powerful marketing method in the history of real estate: the REALTORS® Multiple Listing Service (MLS).
1) SINGLE MAN / WOMAN
A man or woman who is not legally married (i.e. John Doe, a Single Man).
2) MARRIED MAN / WOMAN (SOLE AND SEPARATE PROPERTY)
When a married man or woman wishes to acquire title in his / her name also, the spouse must consent by signing a quitclaim deed or other similar instrument, thereby relinquishing all rights, title and interest in the property (i.e. John Doe, A Married Man, as His Sole and Separate Property).
May 13, 2007
Lesley Stahl Reports How Realtors' Commission Fees Are Under Assault - Courtesy of CBS
Shortly after activation we will email a copy of the MLS Listing Sheet that Realtors view on the MLS. As the MLS designed this report for agents, some the language may be unfamiliar. Please review it for accuracy and notify us of any errors.
Putting your house on the market with out a Broker can save you thousands.
This report has been especially prepared to assist home sellers understand the elements involved so you can sell your home quickly and for the most amount of profit. To help you prepare, here are 10 tips that you should be aware of before you make the decision as to whether or not this is the right approach for you.
This report will give you insight on the normal costs associated with closing a real estate transaction.
We sought to answer this question when we surveyed 500 real estate agents about the importance of two dozen top home selling tips.
The words you use in your listing descriptions can send messages you didn’t intend—ones that can either increase or reduce the closing price. Finding the words to vividly but accurately tell the story of each home can attract more buyers and close more sales.
PRIOR TO CLOSING
Buyers:
• Verify with your Loan Officer that all conditions have been met.
• Notify your Escrow Officer the names of your lender and homeowner insurance companies.
Sellers:
• Provide your Escrow Officer with your forwarding address, any existing mortgage information, leased equipment, Homeowner Association information, and utilities (if they are to be paid out of escrow.)
Understanding your Legal Rights and Obligations
The 2 primary factors that determine if and when your home will sell are exposure and price. Exposure that counts is exposure that reaches buyers who are the most willing, ready, and able to buy.
• Take an objective look at what you own and decide what can be left behind. Extra weight on a moving van costs more.
• Organize a garage sale if you have items worth selling.
• Contact moving companies and get estimates. Pay attention both to cost and what the mover will do to make your move as smooth as possible. Ask for estimates to include the option of having the company pack some or all of your belongings. The time and effort you save might be worth the cost.
A deal is successful when both you and the buyer are happy with the terms. The negotiation process should be friendly and non-confrontational. After all, you’re both winners... they're getting a new home and you're able to move on.
DEED OF TRUST
Deeds of trust which are paid off but not re-conveyance from the trustee or a court ordered satisfaction to remove it from the record. Upon proof of payment and indemnity, the title company may remove those as exceptions in in certain situations.
If you've had your home on the market for several months and haven't seen much activity or any offers, chances are that one or more reasons are to blame. View this special report to learn more about why some homes don't sell.
I read an article referencing a study on how For Sale by Owner (FSBO) sell for less. In my opinion, this is misleading because they are only looking at FSBOs that did NOT sell through the MLS.
A SPOTLESS INTERIOR WILL REINFORCE A GOOD FIRST IMPRESSION FOR YOUR HOME
Interior dirt and clutter can obscure your home’s good points. Start with a full housecleaning from top to bottom. Store unused or unnecessary items in closets and storage areas or hold a garage sale. Eliminate clutter and your home will look more spacious — an important selling point. Take an inspection tour of your home, observing it as a potential buyer would. Use the following checklist to make sure it is ready to show:
When buyers ask to see the home, make sure you get their name and phone number. If some emergency should arise that would prohibit you from keeping the appointment, be courteous and call them. This also allows you to keep a list of people who have toured the home and a way to contact them should you need or want to later.
Naturally, real esate broker vigorously fight the notion that you can sell your house yourself.
One of the first things you should do before putting your house on the market is prepare your house for sale. You want to show your house off in its best light to maximize your earning potential. This special report uncovers the keys to succesfully staging your home for sale.
It is the one thing that almost everyone does at one point in their lives, sells their home. This can be a very confusing time, filled with many questions and few answers. It is hard to understand all of the questions you may have about selling your home. Fortunately, ByOwnerOregon.com can help.
Most buyers will hire a home inspector to inspect your home before closing. If you are selling or plan on selling you will want to know these important things to pass your home inspection.
Values are determined by the market price per square foot of nearby homes of similar size, condition, and amenities. The higher the square footage of a house, the lower the price per square foot.
Escrow is an arrangement in which a disinterested third party (an escrow holder), holds legal documents and disburses funds on behalf of a buyer and seller, and distributes them according to the buyer and seller’s instructions.
A ByOwnerOregon.com Flat Fee Listing gives you the best of both worlds. You can sell your home without an agent, saving thousands of dollars per $100,000 of your sale price. However, you have the benefit of something that the traditional FSBO doesn’t: The MLS, the most powerful home selling tool there is.
If you own real estate or are considering buying real estate, then you’ve probably run across terms such as single-family home, townhouse, townhome, row house, condo and condominium. What do these terms mean and is it better to own one type of property over another?
You’ve decided to purchase a home and hope to take possession as soon as possible. The terms have been agreed on and all financial arrangements have been made. But one important detail remains. Before the transaction can close, a title search must be made.The most accurate description of title is “a bundle of rights in real property.” A title search is the process of determining from the public record just what these rights are and who owns them.A title search is a means of determining that the person who is selling the property really has the right to sell it, and that the buyer is getting all the rights to the property (title) that he or she is paying for. In those transactions where title insurance is involved, the title company must determine insurability of the title as part of the search process. This leads to the issuance of a title policy, which insures the existence or non-existence of rights to the property.The title insurance company will, at its own expense, defend the title and will pay losses within the coverage of the policy if they occur. But exactly what is involved in a title search? Ticor Title Company provides a step-by-step review.
Any seller who understands the process of listing and selling a home would never list with a typical 6% Realtor. (We refer to the typical Realtor who charges 6% as a
