Realtor vs FSBO-3 Facts You Must Know

 

 

Realtor vs FSBO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 #1 Tip From Our Facts About FSBO List: Selling Price

Real estate professionals are trained to market a property in the best light.

This plays out when looking at the numbers nationally.

Choosing a Realtor generally means a house will sell for $40,000 more. That’s a rather large difference. And homeowners should be aware of that as they sell their property.

In most cases, the $40,000 more they would get on average can completely cover the cost of commission.

#2 Tip From Our Facts About FSBO List: Time On Market

The time on the market is another factor to consider when selling your house. Everyday you continue to have your property out there, there are several things that happen.

You have to keep maintaining the house in a presentable order. This is a bigger challenge when you have a family situation. Potential buyers can request a showing at any time. And in order to sell, you have to put up with this.

Additionally, buyers begin to believe there is something wrong with the property when it’s on the market too long.

#3 Tip From Our Facts About FSBO List: Stress on Seller

The legal and financial end of selling a house is incredibly complicated. For many sellers, the list of things to do becomes too much. Yes, you’ll save the commission. But the estimated additional stress is close to 70%.

Keep this in mind when making a decision about selling your house. Call Tom 616-886-6766 to get your Comparative Market Analysis!

 

 

From: www.easyagentpro.com/blog

 

 

Sell Your Home Without The Hassle!

Sell without the hassle! Postcard

5 Reasons You Should Never Buy or Sell a Home Without Tom as Your Agent

It’s a slow Sunday morning. You’ve just brewed your Nespresso and popped open your laptop to check out the latest home listings before you hit the road for a day of open houses.

You’re DIYing this real estate thing, and you think you’re doing pretty well—after all, any info you might need is at your fingertips online, right? That and your own sterling judgment.

Oh, dear home buyer (or seller!)—we know you can do it on your own. But you really, really shouldn’t. This is likely the biggest financial decision of your entire life, and you need Tom as your Realtor if you want to do it right. Here’s why.

1. Tom has loads of expertise

Want to check the MLS for a 4B/2B with an EIK and a W/D? Real estate has its own language, full of acronyms and semi-arcane jargon, and Tom is trained to speak that language fluently.

Plus, buying or selling a home usually requires dozens of forms, reports, disclosures, and other technical documents. As a Realtor, I have the expertise to help you prepare a killer deal—while avoiding delays or costly mistakes that can seriously mess you up.

2. NextHome Champions has turbocharged searching power

The Internet is awesome. You can find almost anything—anything! And with online real estate listing sites such as yours truly, you can find up-to-date home listings on your own, any time you want. But guess what? At NextHome Champions, we have access to even more listings. Sometimes properties are available but not actively advertised. Tom can help you find those hidden gems.

Plus, a good local Realtor is going to know the search area way better than you ever could. Have your eye on a particular neighborhood, but it’s just out of your price range? Tom is equipped to know the ins and outs of every neighborhood, so she can direct you toward a home in your price range that you may have overlooked.

3. Negotiating for YOUR Best Interest

Any time you buy or sell a home, you’re going to encounter negotiations—and as today’s housing market heats up, those negotiations are more likely than ever to get a little heated.

You can expect lots of competition, cutthroat tactics, all-cash offers, and bidding wars. Don’t you want a savvy and experienced professional negotiator on your side to seal the best deal for you?

And it’s not just about how much money you end up spending or netting. As your Realtor, Tom will help draw up a purchase agreement that allows enough time for inspections, contingencies, and anything else that’s crucial to your particular needs.

4. We are connected to everyone

Tom might not know everything, but he makes it his mission to know just about everyone who can possibly help in the process of buying or selling a home. Mortgage brokers, real estate attorneys, home inspectors, home stagers, interior designers—the list goes on—and they’re all in my network. Use them.

5. They adhere to a strict code of ethics

Not every real estate agent is a Realtor, who is a licensed real estate salesperson who belongs to the National Association of Realtors®, the largest trade group in the country. Tom does.

What difference does it make? Realtors are held to a higher ethical standard than licensed agents and must adhere to a Code of Ethics.

This is the biggest financial (and possibly emotional) decision of your life, and guiding you through it isn’t a responsibility Tom takes lightly.

Call Tom TODAY! 616-886-6766

 

 

 

Adapted from Rachel Stults is a senior editor at realtor.com, covering advice around all things real estate, home decor, renting, and moving. She is also realtor.com’s video programming manager.

 

 

 

FSBO-Proceed At Your Own Risk!

FSBO-Proceed At Your Own Risk. Literally.

FSBO-Proceed At Your Own Risk!

To the average person, selling your home yourself doesn’t sound that hard, right?  I mean, sure, you would have to do a quick neighborhood analysis of recent home sales and determine the asking price, snap a few pics on your iPhone (probably use the Vivid filter), and proudly stick a sign in my yard declaring independence as representing yourself as a FSBO. Oh! Don’t forget posting it to the Name-Your-City Informed Facebook group. Ok. Wait for the phone to ring or email to come in.  Idea! Maybe you should have an open house. Yes! If people come to your home and see it in person, they will for sure fall in love with it! Done!

Man, that took a whole Saturday afternoon for a handful of people, mostly nosey and not qualified to buy, traipsing through your home.  You could have been enjoying with my family, or out looking for my next home. What’s worse? You notice some things were moved in my daughter’s bedroom. Weird, you would never riffle through other people’s stuff at an open house.

Here’s the real deal.

Not only is your home being severely under marketed, your time used inefficiently, but you are letting unqualified strangers into your home. STRANGERS that my not value your space like you think they will.

An experienced realtor has qualified buyers waiting to look at your home but, here’s the issue, it never gets seen on the MLS, a site all licensed realtors use, because FSBO do not have access to it. A brokerage specializing in technology + marketing will analyze factors, has a strategy in place, and will find the right buyer for you home without the hassle, legal ramifications, and possible danger associated with selling.

Let’s say you did get an offer. What then? Is it as much as you could have got with a wider audience? What are the real estate laws that a seller must adhere to?  What inspections need to take place and when?  Is the Title insurance filled correctly?  All mortgage houses are the same, right? What if there is a delay and why is there so much paperwork?!

Suddenly, you feel like you are dependent on people who are not looking out for your best interest. Now what?

 

Call Tom to see how NextHome Champions can work for YOU!  616-886-6766

How 3D Tours Help Homes Sell Faster

It has long been known that photographs help sell a property; it is often the first glimpse of a space that people who are beginning the search for a home or commercial property will have. However, there is a new technology that is taking real estate listings to another level: Matterport. A Matterport Space, or a 3D Space, is a complete three-dimensional model of a space. You can now “walk” through a building – a house, condo, office complex – and experience it as if you were there in VR.

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The statistics vary, but the general consensus amongst industry experts is that these days the majority of home searches begin online. Buyers browse through listings, scroll through photos, and then contact a real estate agent to arrange a tour of the properties that they would like to see more of. Matterport takes this a step further. You are virtually placed inside the space with the freedom to look around yourself. This technology is shaking up the West Michigan real estate market, with companies such as NextHome Champions investing in the Matterport camera and embedding the tours on our websites.

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Here’s how it works.

Give your potential buyers a better view of their next home for FREE when you list your home with Tom in March. ($1000 value) Click Here

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A game changer.

While impressive, the most exciting thing about Matterport isn’t the technology behind it. It’s that prospective buyers can now tour a property on their own terms from anywhere in the world, even if they can’t actually be there. While videos and slideshows guide you through a property following a set path, Matterport tours let you walk through the space as though you are in the room – Look up, look down, go forward or backward, through doors, and up stairs without ever leaving your seat. For overseas buyers moving to West Michigan, this is a game changer because they won’t need to go look at the property in person in order to get a true sense of the space. They can now do a virtual walkthrough and get an idea of the home that is dimensionally accurate to 99%.

Give your potential buyers a better view of their next home for FREE when you list your home with Tom in March. Click HERE

We believe that giving clients the ability to tour a property in 3D is the future of real estate and many of the most popular online property search websites agree.

 

 

Why Is There SO MUCH Paperwork to Get a Mortgage?

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 Why Is There So Much Paperwork Required to Get a Mortgage?

Why is there so much paperwork mandated by the lenders for a mortgage loan application when buying a home today? It seems that they need to know everything about you and requires three separate sources to validate each and every entry on the application form.

Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago.

There are two very good reasons that the loan process is much more onerous on today’s buyer than perhaps any time in history.

1. The government has set new guidelines that now demand that the bank proves beyond any doubt that you are indeed capable of paying the mortgage.

During the run-up to the housing crisis, many people ‘qualified’ for mortgages that they could never pay back. This led to millions of families losing their home. The government wants to make sure this can’t happen again.

2. The banks don’t want to be in the real estate business.

Over the last seven years, banks were forced to take on the responsibility of liquidating millions of foreclosures and also negotiating another million plus short sales. Just like the government, they don’t want more foreclosures. For that reason, they need to double (maybe even triple) check everything on the application.

However, there is some good news in the situation.

The housing crash that mandated that banks be extremely strict on paperwork requirements also allowed you to get a mortgage interest rate around 4%.

The friends and family who bought homes ten or twenty years ago experienced a simpler mortgage application process, but also paid a higher interest rate (the average 30-year fixed rate mortgage was 8.12% in the 1990s and 6.29% in the 2000s).

If you went to the bank and offered to pay 7% instead of around 4%, they would probably bend over backward to make the process much easier.

Bottom Line

Instead of concentrating on the additional paperwork required, let’s be thankful that we are able to buy a home at historically low rates.

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Our friend, Tim Kleyla, over at The Mortgage House is a CHAMPION, through and one of the smartest in the industry! Whether you are a first time home buyer, moving up and a second time home buyer, refinancing, investment buyers, or seniors seeking a reverse mortgage, Tim & his team will work for you!

 

 

 

6 Reasons To Be Pre Approved

6 Reasons To Get Pre-Approved

 

Ever had an agent deny to show you a home because you weren’t pre-approved for a mortgage? It’s not because they’re mean, or they don’t value your business… it’s actually because they’re looking out for your best interests.

Let’s face it, shopping for a home before getting pre-approved for a mortgage is like walking into a grocery store without a wallet. You may have the desire to buy, but you lack the ability. Let’s cover some basics…

What is a mortgage pre-approval?

In a nutshell, a mortgage pre-approval is written assurance from a lender or broker that you’re able to borrow money to purchase a home up to a certain amount. It’s based on the income, employment and asset documentation you supply at the time of application, in conjunction with your credit history.

6 reasons to get pre-approved

1. It carries more weight than a “pre-qualification”.

pre-approval differs from a pre-qualification. With the former, the lender has actually checked your credit and verified your documentation to approve a specific loan amount (usually for a particular time period such as 30, 60 or 90 days). A pre-qualification can be useful as an estimate of how much you can afford to spend on your home, but it’s a less accurate indicator of your ability to purchase. A pre-approval always carries more weight.

2. You’ll know how much house you can afford.

Getting pre-approved before you begin house hunting allows you to know how much house you can realistically afford. Knowing this narrows down the options and makes the selection process more efficient. Not to mention, it protects you from the unpleasant surprise of realizing the home you fell in love with doesn’t fit your budget.

3. It adds clout to your offer.

In many markets, homes attract more than one offer. If the sellers are weighing one offer against another, they may lean towards the one accompanied by a pre-approval letter. That’s because pre-approvals instill confidence that the buyer is financially capable of purchasing their home.

4. It could increase your negotiating power.

In addition to strengthening your offer when compared to buyers who haven’t taken this step, getting pre-approved may give you the upper-hand when negotiating the price. If the homeowner is eager to sell, they may be more willing to accept a lower offer from someone they’ve been assured is financially capable of purchasing their home.

5. It saves time.

Obtaining a mortgage is a lengthy process. Getting pre-approved ahead of time shortens the time between contract to close — this way you’re ready to proceed with finalizing the mortgage once you’ve found the home you want to purchase.

6. Without it, most agents won’t work with you.

Makes sense, too. Right? Think about it: when you hire an agent, he/she will invest countless hours showing you homes over the course of your house hunt. If you were in their shoes, wouldn’t you want assurance that your hard work would lead to a favorable outcome for both you and your client?

TODAY is a PERFECT day to contact Tom: (c) 616-886-6766 or (e) tom@nexthomechampions.com