How much does it cost to sell a house fast in Virginia ? Well that’s what we’re talking about today and we are starting right now. If you’re looking to buy, fix and flip a home or really need cash for home in Virginia, then this is the post for you.
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So how much does it cost to sell a house fast in Virginia?
Assuming that you are going to hire areal estate agent these are the typical expenses that you’re going to incur in Virginia.
#1: you’re going to pay the commission to the real estate agents involved in the transaction.
You hire an agent and you agree to pay them X percentage of the sales price of the house.
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!
When the buyer comes along if they are represented by a different agent your agent pays that person.
Now I’ve done a whole other video about where the commission goes.
If you’re interested click that but just know that we do not keep the whole thing ourselves.
We are splitting it with the other agent, we are splitting it with our brokerage, we are paying all of the marketing expenses, so don’t go thinking that we’re all millionaires because that’s not really how it works.
#2: you will have to pay the property taxes for the time that you lived in the house.
After the property changes hands the buyer will pay that.
If you’ve already paid your property taxes for the whole year then from the date of your closing to the end of the fiscal year you’re going to actually get are bate because you’ve already paid those property taxes and the buyers should be paying them.
So you’ll get money back.
In the Georgia market it’s very common that buyers ask you to pay their closing costs or at least a portion of it.
We have a lot of first-time buyers and nobody puts 20% down any more.
I mean people don’t have $100,000 just sitting in the bank waiting to buy a house as a general rule, so they may ask you, “Hey can you chip in $3,000 towards my closing costs?” They will probably also ask you for either a home warranty, a termite bond, or both.
As you know living in Georgia there are two types of houses -those that have termites and those that don’t have termites yet.
So we typically like to have some sort of pest control plan on our homes so that that doesn’t happen.
When the buyer comes along they’ll say, “Hey, I want you to transfer that termite bond to me so that I can live in a house for the first year and not worry that the house has termites or is going to have termites very soon.
“Now let’s say the buyer moves in and the first Thanksgiving that they have all their family come to visit the stove breaks.
Yes, this actually happened to one of my clients.
The home warranty company comes and if they can’t repair the stove they buy them a new stove.
So it’s a great thing for the buyer to make sure that they’re not going to have any unforeseen major expenses the first year that they live in the house.
A home warranty is typically somewhere around$500.
Now if you decide to sell your house for sale by owner you will not be paying the real estate agents commission.
Instead you’re going to be paying for all of the marketing of your home.
Just a for sale by owner sign in your front yard is probably not going to get the job done.
The people that buy for sale by owners are looking for a great deal so they’re gonna come and offer you far less than the actual market value of your house as a typical rule.
You’re going to be paying for the photographer, for the video, for the drone photography, for all advertising, you’re gonna have to put a nice sign in the yard, you’re going to have to show the property every time somebody calls you to make an appointment.
So the money that you save in the commission you’re going to be incurring a lot of additional costs in marketing and in time, where it’s going to be all on you.
You don’t have an agent who’s doing all this stuff for you.
So now you know how much it costs to sell a house but do you know what your home is valued at? Do you know what your market value is?
Because half the time your neighbor might tell you, “Oh we sold it for300,000!” But they actually sold it for $289,000.
I’m just saying sometimes people have the tendency to exaggerate just a little bit.
So if you’d like to find out what your home is worth because you’re thinking of selling in the next six months or so, click this link.
We would be happy to do a free no-obligation home valuation analysis for you so that you can really sit down and say, “Okay, if I sold how much money could I expect to make?” Because that’s a big factor in deciding is now the right time to sell or should I wait a year or two? Thank you so much for watching and I will see you on the next one.
Can I Sell My Home as is in Virginia ?
While finding a house the key is to do the homework first, and then plan and organize the shopping process to make sure your trip is rewarding, concise, and most importantly, enjoyable. Builders and consumers who have bought and built a new home agree that it is fun, exciting and rewarding. Our goal is to demystify the process of buying a new house so that you know what to expect. The key is simple: Ask lots of questions. As you do, you'll know what kind of house, and mortgage are right for you and you'll understand the exciting decisions you'll make, including what new home, builder and lot communities are best for you, in addition to the options that you will choose to customize your house.
When you are seeing new homes, you are in good company. According to the Profile of buyers and sellers of houses of the National Association of Real Estate Agents, the majority of consumers buying another house consider the option of a new house. Many buyers also appreciate being able to personalize their new home to reflect their tastes in many ways, such as selecting their valued interests and styles for cabinets, countertops, appliances, floors and carpets, tiles, faucets and accessories for kitchen and bathrooms, and much more.
In view of the many advantages offered by new homes, it is not surprising that they are on the list of most home buyers. Home buyers who do not consider the option of a new home may have a misperception. "I have observed that some people do not even consider a new construction because they mistakenly think that it will automatically be more expensive or more complicated".
How Long Does It Take to Buy a House?
First of all, Calculate what price you can pay for a house
We have put this as a first step, but there is room for disagreements over whether the first mandatory move is to firmly determine how much credit institutions will say that you can pay. "I think it depends on the price. If it's a first-time buyer situation, (financing is) an excellent starting point, " Having said that, some first-timers in The matter of home buying consider that visiting model homes before having financing is a reasonable alternative starting point, as many construction companies, helps clients calculate a reasonable price.
According to Experts Opinion, those who have already had a house, known in the real estate industry as buyers who are moving to a better house, have some knowledge about their price range and can get ahead and start the buying process, and then Make financing arrangements as they go. Experts believe that the first step is to have an idea of what can be paid.
"People tend to pre-approve themselves in mortgage terms without talking to a financial expert, and often limit themselves unnecessarily," he says. "Do not limit your considerations by discarding something because of financing issues that you may not understand." In general terms, builders request an initial 20% and can ask customers to pay in sections as construction progresses. Some builders offer mortgage financing, but as with any credit offer, it might be worth comparing several options. As a general rule, a mortgage payment should not be more than 25% to 30% of the monthly income and that they should have a general idea of the cost of insurance, taxes, services, etc.
Then Define your needs before starting your search
Creating a wish list that describes your preferences, and spending time thinking about what you really want before you start looking for a house, will give you excellent results as your search will be more focused and short. When thinking about your wish list, it is very useful to separate the characteristics that you should have from those that would be good to have and that you would like in your new home. Think about your lifestyle. Do you prefer large grounds, wide open spaces and hiking trails? Or are you the type of person who likes condos on high floors with balconies? Although it is a somewhat extreme difference, it also helps to think about the ideal times of travel to and from home, schools (the best schools add value when reselling, even if you do not have children) and what types of infrastructure (stores, museums, restaurants, libraries and hospitals) you would like to have nearby. These factors should help you reduce your options to a specific part of the city. The next thing is to define the basic attributes of the house you want. Here it includes much more than just the number of bedrooms and bathrooms you want. Do you like having guests or cooking? Maybe a large family room open to the kitchen is better.
Office in your home? A multimedia room? Space for hobbies? These are all crucial questions that must be asked before starting the search and Do not forget to think about the future. The average buyer lives in a house for at least five to seven years. Many people stay much longer. Think carefully about how your needs will change during the time you will live in your new home: The children can come, grow or leave the nest. The children could go home after college for a while. Will any of your parents live with you at some point?
Will you get tired of climbing the stairs? If so, a bedroom on the first floor could better adapt to your needs.
Now start finding a house on The Internet
There is a large number of websites where you can search for Online. That large number of new homes for sale allows buyers to quickly get an idea of the many new residential communities and builders in a given area and there are also few good websites who provide ASAP cash home buyers. E-g you can request a cash offer for your own home. When doing the search, have your wish list at hand? Many real estate sites offer built-in tools to filter the results, so you can refine your search based on your wish list. A filter according to your criteria (number of bedrooms and bathrooms, minimum or maximum price and characteristics of your new home) will allow you to focus quickly on the houses that suit your needs. You can also filter the results according to a specific school district or search according to the services offered in the new residential community to further refine the results of your search. So you have narrowed your search.
An excellent next step is to ask a construction company for information. Look for key facts about the houses of a specific construction company in a given residential community. Other information that may be useful include instructions to get there, contact information of the builder or community, a link to the website of the builder and more.
Having defined your wish list, reduced the results of your search, and focused the same on new homes and communities that are better suited to your criteria, it's time to take your vehicle and go to visit model homes in person.
Although searching for information about homes online is an ideal way to narrow your search, there is simply no substitute for a visit in person to the houses that suit your needs. A house is the biggest investment that most people make. You must go see it.
Go to a real estate agent
If you are looking for both new and used homes, there is a good chance that you will work with a real estate agent. After all, only one agent has the code to open the safe that will allow both you and your agent to tour a resale home. A good real estate agent can provide a lot of valuable information about the community and the process.
"We bring extensive knowledge about the reputations of local builders," says Hunt. "We may have worked with a builder in the past and we understand the type of construction he does. We know the locations where you are building, the school districts, etc. "
Regardless of whether you work with an external agent, be sure to make the most of the expertise offered by the construction team on site. The builder's sales consultant has in-depth knowledge and expertise about the construction stages, the developer's blueprint library, the availability and pricing of specific lots, the availability of options and improvements, the builder's approach to construction and energy efficiency, guarantees and many other things.
At last signing the Documentation
The process of buying the house does not end with the signature. With the contract in hand, four specific procedures must be carried out. Pay taxes. If the house is new you will pay the VAT and the Tax on Documented Legal Acts. For a second-hand house, you will pay the Patrimonial Transfer Tax. You have 30 days from signing to pay the ITP.
Register the house in the Land Registry. If you have purchased the house with a mortgage, you must register it in the Land Registry. The most usual thing is that the notary himself sends a copy of the contract electronically. Change the ownership of the cadaster and Change the housing supplies.
How to sell your house without a real estate agent in Chesapeake VA
I want to sell my house - so where do Istart? Well let's get into this topic so you can sell your house as quickly aspossible.
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 touniversity 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 stepyou need to take is to make sure you get a good realtor to help you in thisprocess.
There are a number of ways you can go about this.
One way is you can aska friend or a family member that has dealt with a realtor recently and gowith a referral like this, another way is just to call a few of them and interviewthem and just see if there's a good connection between you all, but whateveryou decide and however you go about this process, it is important that the realtoryou find is a realtor who can aggressively market your home.
Now youcan put it on an MLS which is a multi listing service, your Realtor will helpyou do that, that's not a problem, we will all do that and just wait for the rightkind of traffic to come across this and there you go, you'll find somebody thatmay be willing to put down what you want or enter into negotiation for that housethat you're selling.
But if you find a realtor who does more than this, arealtor who aggressively markets the house with various forms of media, thathouse is going to sell, and it's going to be at the top of the pile and getting moretraffic than homes that are just listed and using the old school method justwaiting for traffic to go by and hopefully you'll find somebody who willmatch up with the property well.
So choose wisely, make sure that you have arealtor who can do good marketing for your home.
So once you find your realtorit's important to spend some time to speak to your realtor about your homeand how you can better present that home.
You know today many people watch realestate programs on HGTV and various other stations and of course theirexpectations as a result are very very high.
Also many go to new builds and in those new build sites they have model homesand these homes are done immaculately so obviously their expectations are veryvery high.
But if you take the time to just walk through your home with yourrealtor, this can be very helpful, if you do an assessment room by room you'llknow exactly what to take care of and this doesn't necessarily mean thatyou'll have to break the bank in order to do expensive remodeling or expensivestaging of your home.
Just taking a little bit of time to take care of thisin a good way with your realtor can make all the world of difference and get thathome sold right away! In the description to this video you'll find a link to ourPDF on 'How to Prepare Your Home for a Successful Sale', this will really helpyou with this step.
Remember, it's very difficult to change a first impression.
One of the most important things to get right is the pricing.
Pricing your homeright will determine whether or not it is sold quickly or it sits on the market.
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 themsee what's on the market in a particular area, to know the homes that are thereand what they're being sold for, so it's important that you do a little homeworkyourself, get informed of the market area where your home is located, find out howmuch the homes are being sold for in that area, but most importantly here iswhere you're agent, your Realtor is so important.
You know yourRealtor is very informed of the market area, I mean this is what they do for aliving day to day, they will be able to get the home priced right.
That pricewill reflect the true market value of the home and this will position the homefor a quick sale.
If your home is sitting way too long on the market, what's goingto happen is that a prospective buyer is going to start to think, hey what's wrongwith this house, why isn't it selling and these questions are going to reallycause traffic to diminish.
Research shows that between the third and sixth week of the marketing process that's when the most potential buyers are attracted, so it isimportant that, first your home has the right pricing and second that there isgood aggressive marketing behind it.
You want to maximize traffic that's goingto 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 veryimportant.
You know first impressions are very very hard to undo so you alwayswant 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, usuallywhen a picture is presented if it's of poor quality they're probably only going to view the first few pictures and they're gonnamove on to the next property, and this is something you don't want to happen toyour property.
Getting good quality pictures will keep them glued to thatscreen 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 themarketing process, so if your realtor is able to produce a video for you, this isideal.
You know this will really maximize the amount of eyes that will be lookingat your property and considering it for the next purchase.
When it comes tomarketing your home, gone are the old days of sitting in the backseat of yourreal 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 onmulti listing services, they are also watching videos that are aggressivelybeing marketed through social media, so it is important that you're estate agent, your Realtor is up-to-date with all the modern modesof marketing, so make sure you make this one of your criteria in choosing yourestate agent.
That way the right kind of marketing will be put forth and you'llhave maximum exposure of your home and really entice those buyers to come andput an offer on your home and get it sold quickly.
If you found this videohelpful, please subscribe, we'd love to have you on board with us, we have a lotof helpful videos coming out that will have information that you'll find usefulwhether you're a buyer or you're interested in selling property.
Alsoshare this with a friend and leave a comment in the comment section, also ifyou'd like to call me, call me at the number that you see below, I'd love tohear 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!.
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