I want to sell my house in Moyock – so where do I start? Well let’s get into this topic so you can sell your house as quickly as possible.
So I want to sell my house – where do I start? Perhaps a new addition to the family, you need another room, maybe the kids have gone off to university and it’s time to begin to downsize.
Well as these changes have come about in your life and you’re considering the next step, the first step you need to take is to make sure you get a good realtor to help you in this process with selling a house fast in Moyock.
There are a number of ways you can go selling a home.
One way is you can ask a friend or a family member that has dealt with a realtor recently and go with a referral like this, another way is just to call a few of them and interview them and just see if there’s a good connection between you all, but whatever you decide and however you go about this process, it is important that the realtor you find is a realtor who can aggressively market your home.
Love and Real Estate
Now you can put it on an MLS which is a multi listing service, your Realtor will help you do that, that’s not a problem.
We will all do that and just wait for the right kind of traffic to come across this and there you go, you’ll find somebody that may be willing to put down what you want or enter into negotiation for that house that you’re going to sell fast in Moyock.
But if you find a realtor who does more than this, a realtor who aggressively markets the house with various forms of media, that house is going to sell, and it’s going to be at the top of the pile and getting more traffic than homes that are just listed and using the old school method just waiting for traffic to go by and hopefully you’ll find somebody who will match up with the property well.
Sell My House - Prepare Before You Sell
So choose wisely, make sure that you have a realtor who can do good marketing for your home.
So once you find your realtor it’s important to spend some time to speak to your realtor about your home and how you can better present that home.
You know today many people watch real estate programs on HGTV and various other stations and of course their expectations as a result are very very high. It’s ok that you want to sell my home as is in Moyock.
Talking about Model Homes and Selling Your Home Fast
Also many go to new builds and in those new build sites they have model homes and these homes are done immaculately so obviously their expectations are very very high.
But if you take the time to just walk through your home with your realtor, this can be very helpful. You’re almost ready to Sell Your House Fast!
If you do an assessment room by room you’ll know exactly what to take care of and this doesn’t necessarily mean that you’ll have to break the bank in order to do expensive remodeling or expensive staging of your home.
Just taking a little bit of time to take care of this in a good way with your realtor can make all the world of difference and get that home sold right away in Moyock!
In the description to this video you’ll find a link to our PDF on ‘How to Prepare Your Home for a Successful Sale’, this will really help you with this step.
How to Sell Your House for More Than It’s Worth
Remember, it’s very difficult to change a first impression.
One of the most important things to get right is the pricing because you have to know that you can Sell My House Fast in Chesapeake or any area in Virginia.
Pricing your home right will determine whether or not it is sold quickly or it sits on the market.
hey what's up guys, I'm a 80 year old man.
gonna teach about real estatetoday so what were gonna talk about is how to calculate your list price.
I'm gonna expoint to you exactly why we do what we do and how everything goes down I'm gonna show you how to grow your business These are the things that today's market, you're gonna love what we did in here alright, were gonna start making some money, that's how we do it Hey what's up guys john cochran here in today is system Saturday day that I you a system that I use my business andyou can rip off duplicate using your own local market now on today system Saturday what we're gonna talkabout is how to calculate your listing price whenever you're getting ready to sell aparticular property now guys whether you are a real estate investor or just a a realtorgoing to be listing a property up onto the marketthis is the most crucial part in my opinion of actually getting a property to sellis coming up with that correct price a year and that the public will buy thatand is very very simple whenever you can really break it down think guys I will tell you this theprice that you bring into the market to it is should be the price that shouldselling for so don't try any of this you know hey if if I if the comps andeverything it's its I'll I'll probably end up getting130 out of it was listed at 140 or 150 and just let the buyer take medown on that guys it does not work we list all of ourproperties for exactly what we get for every singleone of them now the goal on this is to get them into multipleoffers situation and get more for that however but I'm just telling you rightnow that we list our properties for exactly what we want and we don'tpat it up up we don't do any that stuff we list for exactly what we want but howdo you calculate this this listing price to come up with thatmagic figure how do you do that in allcomes down to the very first thing you gonna do and you got a full comparables aroundyour property now when you pull comps or comparables um.
you do this very very simply you want to go anywhere between aquarter mile to a half of a mile around your subject property in a radiussearch particularly you wanna go a quarter milearound your subject property you're also whenyou're pulling comps find out what your value is you're looking for all theseproperties around yours that's sold that's sold with then the past 6 months now why that why do Iwant sold properties within the past sixmonths guy's that is the most accurate way to literally find the valueof your property and you're going on find the value anactor in value over property if you search a mile around yourproperty you know any go back two years market changes so much so you need to be looking for otherproperties that sold within six months of your list date in that the properties or aquarter mile around your subject property that have the similar bedrooms baths and square foot of the property that you're getting readylist this is huge now once you find all the comps once you find all of these comparables andyou find out you know there's you know exact amount of propertiesyou know and that's another thing is that you wanna have anywhere between atleast 2-3 sold comps if it doesn't have two to three sold comps on it guys don't even you shouldn't evenbought a property but you have to have so comparable to go by now when you have the sold comparables and you do the search the searchesalways gonna come straight from the MLS doesn't come from Zillow it doesn't comefrom trulia doesn't come from realtor.
Com it doesn't come from john cochran.
Com it comes straight from the MLS because that's gonna be the mostaccurate data holiness into the MLS will give you a great idea of what other properties a a quarter mile awayfrom your subject property are actually selling for, its gonna tellyou those numbers and how how long days on market, now coming upin calculating your list price, when you're gonna be selling you need that information but let's justreally done this down for you now all you have to do is you just needto identify what retail would be on your particular property thatyou're selling if if was already fixed up if it fix upto the nines what would retail be that's the magic number you gottafind out what retail would be so if you can actually you look at allthese comparables and you come up with a retail figure let's say say one hundred thousanddollars and maybe you're gonna be wholesaling this property of but retailers is one hundred thousanddollars so you're gonna be looking for your target buyer is gonna be realestate investor so when they go that fix up property ifthey sell that property they it's already fixed up they're going to rate a lotfor one hundred thousand dollars right so if your extra strategy is to wholesalethis property you take the retail figure x.
5 = your so in this case it's just 50percent in this case if you identify retailing you're gonna bewholesaling these deals of if you identify retail at one hundredthousand dollars you're gonna be wholesaling these properties upor listing this property for fifty thousand dollars which obviously means you have tobuy a way below or below this fifty thousand dollars inorder to create a spread and that deal and this will give yourwholesaler you know your other real estate investor it will givethem enough skin in the game to where they can make money on thedeal probably somewhere around this your selling for fifty thousand let's justsay you bought it for 45 your selling for fifty thousand you're gonna makefive thousand dollars a wholesale is gonna put or the investors gonna put ah you knowtwenty twenty five thousand dollars in this thing so they got seven grant$72,000 wrapped up in this they're gonna sell for 100 they can make$25,000 on that all day that's the formula.
5 take retail x.
5 equals your list price that if you'regoing to wholesale the deal of now if you're going to prehab that deal the formula is very very similaryou gotta start with your comps you have to start with your comps goquarter mile a way look for the sold properties within six months you need 2-3 comps and they're coming from the MLS sayyou did same exact process you have to identify their retail value first, okay so if you're gonna take a prehab this dealyour gonna make this property rent already a free not everything's gonna me knewwhen it but it's going to me pretty nice you're looking for an average buyer nota buyer to get emotional about what an average buyer somebody that's actuallylooking for a little bit of a deal something a little bit of of that retailback the the formula is very very simply you a takeretail value so you a take the retail value and you times at by.
1 which is 10 percent equals your list price very very simple so if you taking you identify that yourretail value on a prehab is gonna be $100,000 so got one hundred thousand dollars and youtake 10% off on that that means that your last price is goingto be ninety thousand dollars okay so that's a dealthat's the deal it's ten thousand dollars of a retail however when we calculate ourlist price we will never put anything up onto themarket for ninety thousand dollars never okay so in this case we would put thatright up onto the market for $89,900 we always we always always always will round down or something because89.
900 sounds it's not but it sounds a lotcheaper $90,000 very verysimple now if you have a deal that you just rehab this thing I mean this thing is awesome you put all the new doors intothe new group the new Windows you put everything inside the trend the Tile the carpet inside the floor everything they kit everything insidethis thing as new and you rehab this deal you go through the sameexact process you could go when you pull your comps a quartera mile away from the subject property within six months from the MLS in 2-3 sold comps you take the retail value that's exactlywhat you list it for so retail value equals your list price, okay very very simpleso on the same exact situation if you getting your rehab this property you take the retail value let's just saythat it is $100,000 you're gonna listing thatproperty at 100k but where where where Jon list it 99,900because 99,900 sounds way cheaper now let me just cover this for you real quick so why did ah why do we not prices why dowe not pad these is like what I said so at the very beginning in this video Ishared with you you know our list prices are list priceso I why did I not say you know what on this win rehab did that'snice what prices thing at 109,900, 109,900because I'm willing to take 99,000 for butlet just say price in a 109,900 not not not the market super super hotguy's a lot of people do that but let me tell you behind the scenes on what happens ofthat and what buyers actually do so if you take this property and you listed at 109,900 knowing that youwant the 99.
900 figure for that house so the hundredthousand dollars for that house your mind just says will just let them come on and take it down of a list price okay that's where your mind thingshowever what you don't know and what you actually do when you dothat is you missed so many different buyers and you you literally just chop them outthe equation so if a buyer is approved and their approved up to one hundredthousand dollars there never gonna know about this pricebecause they're not gonna be looking at properties for a 109,900 there a prooffor $100,000 that's why we do it that way is becauseyou know if if a buyer right here if they're approved to 90,000 if they approved100,000 they never know about that thing so that's why we don't had any of those in our list price ourlist price is exactly what we want for me that's the formula point a retail x.
5 is your list price ah retail x.
1 or 10 percent of is your prehabing price and retailvalue is you're list price whenever you rehabyour property so guy's like us on Facebook subscribe to ourYouTube channel comment below let me know what you think of these formula I don't know meyo or seventy percent or any that Jaz we don't know any of that stuff we we just makea simple math that it works so comment on this video below, and I'll see you on the next system Saturday.
The pricing of your home must reflect the true market value.
You know today many people have access to a lot of applications that help them see what’s on the market in a particular area, to know the homes that are there and what they’re being sold for, so it’s important that you do a little homework yourself, get informed of the market area where your home is located, find out how much the homes are being sold for in that area, but most importantly here is where you’re agent, your Realtor is so important in helping you get Cash for Home Fast.
You know yourRealtor is very informed of the market area, I mean this is what they do for a living day to day, they will be able to get the home priced right.
Are you currently in a situation were you are thinking about how to sell my house quickly?
Have you thought about using a cash buyer but have concerns about going down this route, and consider cash buyers unethical and out for what they can get?
Then let me alleviate your worries by taking you through the process of a cash sale.
Many, but not all, cash buyers are completely ethical and generate business from previous client referrals and testimonials, using a win-win approach. A win-win approach means that you both you, and the cash buyer, come out of the transaction satisfied that you have achieved your own goals.
But before you proceed with a cash buyer, you must first consider the following.
Is your requirement to move greater than your need to get the best price for your home? If you can answer yes to this, then you should consider using the services of a cash buyer. Typically this would be in circumstances such as:
· Chain Breaking
· Ill health
· Moving abroad
Sale and rent back
By seeking out an honest and professional house buying company, you may get a provisional offer on your home within hours, and have made that important fast sale within the week, or at least within a time frame that is acceptable to you.
The ultimate advantage this way of selling has over the more traditional methods, such as using an estate agent or through private sale, is that the sale is both fast and guaranteed. Speed and certainty are generally not common features within the housing market, therefore because of this, you will pay for this service by selling your property at a discount.
So what sort of discount should you expect to sell at? Many cash buyers offer anywhere from 65% to 85% of the open market value of the property. Realistically, and speaking from experience, a cash buyer will need a discount of around about 82% simply 'to make their figures work'. That is, both cover their costs and leave them with an adequate, but not excessive profit, for the future upkeep of the property. Be aware that you understand that the open market value is not the same value that the estate agent would put your house on the market at. Open market value is what your property will actually sell for, if you were to ask the estate agent to sell your property within a 10 week time frame.
Should you expect to pay any additional costs other than the discount when selling to a cash buyer? Definitely no! If the cash buying company you decide to go with asks you to pay anything towards a surveyors valuation, or solicitors fees, or fees for providing the service, then I suggest you walk away. I would advise that you choose the type of company that will pay your legal fees, one that considers YOU and your situation throughout the process, and one that is concerned about making the transaction as cost free for you as possible.
There will be companies out their waiting to take advantage of your situation, and will even offer you as low as 50% for your property. It is imperative therefore that you always go with a reputable company, taking into account all of the above. On a positive note however, once you do find that trustworthy company, then selling your house to a local cash buyer can make perfect sense and alleviate those how to sell my house quickly worries!
Selling FSBO vs. Hiring a Realtor
That price will reflect the true market value
If your home is sitting way too long on the market, what’s going to happen is that a prospective buyer is going to start to think, hey what’s wrong with this house, why isn’t it selling and these questions are going to really cause traffic to diminish. It’s tough to simply want to Sell My House Fast and expect to have eager buyers wanting to pay Cash for Home Fast too.
Research shows that between the third and sixth week of the marketing process that’s when the most potential buyers are attracted, so it is important that, first your home has the right pricing and second that there is good aggressive marketing behind it.
You want to maximize traffic that’s going to view your home, draw them in to visit the home and put an offer on that home.
As I mentioned earlier, the visual presentation of your home is very very important.
You know first impressions are very very hard to undo so you always want to create the best possible first impression.
For this reason I don’t recommend that you do mobile phone pictures.
Get a realtor who is going todo professional quality pictures.
You know today on search engines when people are looking at multi listing services and they’re viewing the pictures, usually when a picture is presented if it’s of poor quality they’re probably only going to view the first few pictures and they’re gonna move on to the next property, and this is something you don’t want to happen to your property.
Getting good quality pictures will keep them glued to that screen and they can really consider your house the way it should be considered, and actually today even video production is a very important part of the marketing process, so if your realtor is able to produce a video for you, this is ideal.
You know this will really maximize the amount of eyes that will be looking at your property and considering it for the next purchase.
When it comes to marketing your home, gone are the old days of sitting in the backseat of your real estate agents car or following along behind and looking at multi homes.
Today the Internet has changed the whole experience for good.
Today people are on multi listing services, they are also watching videos that are aggressively being marketed through social media, so it is important that you’re estate agent, your Realtor is up-to-date with all the modern modes of marketing, so make sure you make this one of your criteria in choosing your real estate agent.
That way the right kind of marketing will be put forth and experience maximum exposure of your home and really entice those buyers to come and put an offer on your home and get it sold quickly.
If you found this video helpful, please subscribe, we’d love to have you on board with us, we have a lot of helpful videos coming out that will have information that you’ll find useful whether you’re a buyer or you’re interested in selling property.
Also share this with a friend and leave a comment in the comment section, also if you’d like to call me, call me at the number that you see below, I’d love to hear from you and talk property with you, also remember that there is a PDF thereon ‘How to Prepare Your Home for a Successful Sale’, anyway, until next time, all the best!.
Sell My House Fast For Cash – Can I Do That in Moyock?
- [Announcer] Welcometo Homebuyer's School brought to you by Brookfield Residential.
- Hi everyone, andwelcome to another episode of Homebuyer's school.
Today I'm joined by Kevin French with ReMax Realty and thequestion we're going to answer is can I sell my home without a realtor? So Kevin, obviously you're a realtor.
Maybe a little biased answer but is it possible to sell your home without a realtor? - Absolutely.
It's typically better to do that in a seller's market,instead of a buyer's.
Currently we're in a buyer's market so the advantages weighingon the buyer's side, it's much more difficult to sell so if you're not aware of how to properly market your property, price the property, then those things are going to work againstyou, especially right now more than ever.
- I guess you need asmany resources as you can to help you sell your home.
- Okay and if I were totake that route though, if I wanted to sell the house on my own, what are some of the steps Iwould do to accomplish that? - So there's multiple site,obviously you can find things such as Kijiji or Forsalebyowner and you can list it on those, or you can look for assistance through Property Guys, ComFree.
Property Guys is a private system.
Your property wouldn'tbe on the MLS system but most people are aware that it exists so they can search thereif they are looking for a property.
And then with the ComFree option, the property would be on MLS so you take a package that they offer, and then you would listthe property with them.
They would coordinatea portion of the things for you and then it would be on the MLS and then you would help with the showings and organize all that, deal directly with whoever'slooking to purchase, whether it's a realtoror a single individual.
And then once an offer is received, then that would be part on the owner, who's selling the property themselves to set a price they are comfortable with but they would have a bit of assistance from ComFree.
- Okay, but you're takingcare of everything though.
Like booking those appointments or people calling youto say hey, I want to come visit your home.
- Making sure the home is show ready.
Making sure that it's showingin the best possible way.
Making sure that you'retaking care of everything that you want to make surethat you're taking care of.
Those little small detailsmake the biggest difference.
The biggest thing thatneeds to be considered is pricing.
I often list a property,I go in and let's say the property is worth499,900 and the person happened to have purchasedit in peak market in 2014, so they owe 520.
So now all of a suddenthey want to list for 549.
So they tell me if I list at 549, then we'll negotiate down to540 and then after the fees we'll be somewhere in the ballpark of paying it off.
Well that doesn't change market value.
So you can't really do that.
So what happens when you leave the sale in the hands of the person trying to sell the property and they're trying to do it on their own,they may take that route where they're trying to look for, well what are the expensesthat I need to cover and then that's what we'll price the home which has nothing to do with market value.
- So you're saying you mightleave some money off the table? - Well, the property, if you do that, if you overprice it, it's just going to sit on the market longerand then it's going to become stigmatized and then when it does actually sell, which might be years later or you might choose to list with anagent shortly after, being unsuccessful trying it on your own, then the property would sell at fair market valuebut now people are going to see that in the history.
It sat on the market for three months, or it sat on the marketfor a year, who knows? - When it could have sold-- - When it could have sold much sooner and probably for more money.
- Anything else to add? - No.
- Awesome, well thank you very much Kevin.
That's it for our show today.
Thank you very much for joining us and we'll catch you next time.
- [Announcer] That's another edition of Homebuyer's School.
Tune in next time for moreexpert tips and tricks and visit homebuyersschool.
Ca to bring you one step closer to finding your dream home.
As with everything, it would be great if you like and share our videos.
Also, please let us know if you have any home buying questionsyou want us to answer.
10 Steps for Staging Your Home on a Budget
Love is one of those human emotions that are as vital as air and water. It has been behind the biggest feats – and biggest atrocities – of humankind. Love is everywhere and in everything humans are involved in, so, what are the similarities, intersections, and relationships between Love and Real Estate?
That’s what we are going to figure out with this article. Shall we?
First impressions matter
Like with love and dating, while it’s not definitive, first impressions do matter in real estate. A house with no home staging, completely uncared for, will not impress home buyers. A poorly put together real estate agent ad, website or a poorly presented in-person real estate agent will not impress home sellers and home buyers either. On the contrary, it will make them shy away from you or the house.
You’re not physically getting into bed with your clients and buyers, but you are metaphorical. So you need to present yourself and what you have to offer with confidence. One will truly love the other only if they see in their eyes a spark of self-love. That’s what people really fall in love with. Pity is not love, and that’s what home buyers feel when they walk into a home with an uncared-for garden entryway in desperate need of care. And worst: if they do make an offer, chances are it’s the opposite of love; indifference to you and your desires of selling for the highest you can. They are probably trying to buy it on the real low, put some of their love to the home so they can sell it for much more. So, in other words, its all about self-love, really. Love yourself and your house and increase your home value with these home improvement ideas.
Loyalty is important
The majority of our society is strictly monogamist when it comes to love relationships, and the same should apply to real estate. We’re not saying real estate agents should have just one client at a time, but they should treat them as if they were the only one, with the care, attention, and respect they deserve.
And regarding home buyers or home sellers avoid dual listings as much as you can. Yes, we know it’s okay if the real estate agent comes clean with both the lovers—I mean, clients! But you know what? Go back to the first topic. Love yourself! A dual agency will keep your real estate agent from fully focusing on his fiduciary duties to you. But also, don’t go out selling your home with a bunch of real estate agents, like in an Open Listing. It seems like a good idea, like a lot of people are out there selling your house and it will speed up the process, but you’re better served with one dedicated person trying to sell it because they know if they do they’ll get a commission. The reality is that in an open listing, only inexperienced real estate agents really spend their time marketing the home; most will have it at their backburner in case it perfectly matches a client’s taste.
Exes are forever
Just like in romantic relationships, it’s likely that an ex will, down the road, show up again in your life. And, like with love, that can be a good or a bad thing. That’s why, real estate agents, no matter how big their influence (or commission) will be, should always do their best, be the kindest and the most righteous they can. You don’t want the evil Ex returning, complaining about something you forgot to do, smearing your name all around your real estate market. You want the good Ex that will return because they want to sell the house and buy another one, and their experience with you was so good it’s part of the reason why they want to do it again.
No matter if it’s a fling (like someone just wanting to have more information about something real estate-related) or a long-term relationship (like someone who hired you to buy or sell a house with you) show them some love and courtesy.
There's no I in love
And neither in a real estate agent.
When you love someone, you give up a few of your needs in favor of your loved ones’. Which is great when they do the same in return. If they don’t; maybe rethink your relationship, ok? With real estate agents, it should be the same thing. Sure, they are relying on your experience to guide them through the home buying process, but please: this is not about you! Listen to your clients, become interested in understanding them and their needs before you come with your “my way or the highway” attitude. That’s one of the worst Real Estate Agent types there is. Every case is different, don’t try to simplify it for your own sake. Don’t be lazy. Your clients deserve your best efforts and doing exactly the same every time is not doing that.
Surprise x Routine
A balance between this too is very important in a romantic relationship. Humans long for the comfort of routine, but also get bored by it and crave for a little bit (not too much!) of surprise. That usually translates in unexpectedly bringing flowers home, going out to dinner from time to time, traveling to get some one-on-one time away in a different setting. For a real estate agent that means mixing up a little bit. Don’t be just the guy who calls or appears when there’s a showing/offer on the table. Call them even if nothing special is going on; let them know you’re thinking of them. Send an e-mail with something that you saw on the news or the internet that relates to them and their house. There are several websites out there that put out great content related to real estate; just like on our website RealEstateAgent.com. Be their curator!
But like we said, don’t overdo it either. Try to find the balance. You don’t want to bother them too much.
Communication is key
This is the most important aspect of a romantic relationship. If you don’t develop a clear communication with your loved one, it doesn’t matter how much you love them and how much they love you back… it will be a troubled, confusing relationship. Who wants that? Be very clear about your intentions and your way of working, learn to listen to your client; learn to understand even their non-verbal communication! If both of you are completely honest with each other, there will hardly be any disappointments.
May it be eternal while it lasts
Hey, sometimes everything started out great but something happened along the way and communication started getting bad and now you can’t understand or respect each other and it’s just… bad.
That’s ok. It happens. Dealing with unreasonable home buyers and home sellers is something every real estate agent goes through. And straight giving up is normal. No one should be ostracized for that. What is important is to realize it and set yourself and your client/loved one free. Reach out to the client and tell him or her that maybe it’s best to part ways. Don’t just say “hey, it’s not working, I’m out! Good luck!”. If you do, you’ll be the one responsible for them becoming an evil ex. Talk about how it’s not working for the both of them and you feel he/she will be better served with a fresh mind and point of view related to their house. You should even have recommendations of real estate agents you think could be a good fit, but remember they are free to do whatever they want.
Because in the end, the great lesson about love and real estate is a lesson of Freedom! No one is obligated to have you there by their side, as a lover or real estate agent. They are free to have or not have you. You need to prove your worth. Freedom is the only feeling humans long for more than love. For the truth is that only people who understand the concept of freedom can truly love. Only those who respect and adore freedom can understand and love another person’s spirit. So be free, let it be free and let love rule!