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

 

 

True Story Tuesday

Why A Professional & Experienced Realtor With A Plan Can

TRUE STORY! Why a Professional & Experienced Realtor with a Plan can MAKE YOU MORE MONEY!

The market is heating up, I’ve been working with a number of buyers that are AMAZED when a house gets SOLD in a day and they haven’t been able to even get through it. The buyers are typically frustrated, and I shake my head. I see later on FB the agent ‘brag’ about being so good that they house in a day, and I shake my head. I see the seller (who I may also be friends with on FB) brag about the agent that sold their house in a day, and I shake my head again…strike three.

I heard from one of my buyers today…the house we missed out on yesterday was listed at 250. Had we gotten the chance to go through it, we may have been willing to pay 260 and this is a CASH BUYER!

No offense to anyone, but hear it comes…if you hire someone that thinks sold in a day is a good thing for you, YOU PROBABLY JUST COST YOURSELF at least TEN THOUSAND DOLLARS…probably more! I’m not going to fault you for using someone you know, someone that’s family, someone that goes to your church, but seriously if they don’t understand that MORE PEOPLE seeing your house and having the opportunity to make an offer is a good thing for you…perhaps you should reconsider. It is your decision and sure you can blame the agent if you choose to…BUT it is your decision and if you are good with that decision costing you TEN THOUSAND DOLLARS, then you probably are much better off than most of us. I do understand that every situation is different, but in this specific case, that buyer probably lost out on $10,000 runs the risk of a failed inspection or a low appraisal and is back at square one after a month of frustration because the bank won’t lend enough money for the buyer to get it.

That ten grand is also a minimum because had this specific property been marketed up front with professional and aerial photos and video and a virtual tour, it probably would have generated even MORE interest, MORE showings and MORE MONEY! And had it been on the market longer than a few hours. TEN GRAND…still shaking my head.

If you or someone you know is planning on selling, PLEASE let me know. I’m happy to help and apparently have a more comprehensive marketing plan that will probably bring MORE MONEY to the table at the end of the day…ESPECIALLY IN THIS MARKET!

It would surely have in this case.

Call me Today to discuss my Comprehensive Marketing Strategy!  616-886-6766   or    Check out my Technology Listing Package

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.

 

 

Spring Is Coming–5 Reasons To Sell Now!

Here are five reasons listing your home for sale before spring makes sense.

People across the country are beginning to think about what their life will look like this year. It happens every new year; we ponder whether we should relocate to a different part of the country to find better year-round weather, or perhaps move across the state for better job opportunities. Homeowners in this situation must consider whether they should sell their house now or wait.

If you are one of these potential sellers, here are five important reasons to sell now instead of waiting until spring.

1. Demand Is Strong

The latest Realtors’ Confidence Index from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now!

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

According to NAR’s latest Existing Home Sales Report, the supply of homes for sale is still under the 6-month supply that is needed for a normal housing market (which is 4.5-months).

This means, in most areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.

There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market soon.

Also, as builders regain confidence in the market, new construction of single-family homes is projected to continue to increase, reaching historic levels in 2017. Last month’s new home sales numbers show that many buyers who have not been able to find their dream homes within the existing inventory have turned to new construction to fulfill their needs.

The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell.

3. The Process Will Be Quicker

Fannie Mae announced that they anticipate an acceleration in home sales that will surpass 2007’s pace. As the market heats up, banks will be inundated with loan inquiries causing closing timelines to lengthen. Selling now will make the process quicker & simpler. 

4. There Will Never Be a Better Time to Move Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 5.2% over the next year, according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

According to Freddie Mac’s latest report, you can also lock-in your 30-year housing expense with an interest rate around 3.57% right now. Interest rates are projected to increase moderately over the next 12 months. Even a small increase in rate will have a big impact on your housing cost.

5. It’s Time to Move On with Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.  

That is what is truly important.

Working with Tom at NextHome Champions means working with the BEST in the industry! That includes Mortgage Lenders and Title Agents. Call or email TODAY!   616-886-6766 or tom@nexthomechampions.com

Why Getting Pre-Approved Should Be Your First Step

Why Getting Pre-Approved Should Be Your First Step

Why Getting Pre-Approved Should Be Your First Step | MyKCM

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Even if you are in a market that is not as competitive, knowing your budget will give you the confidence of knowing if your dream home is within your reach.

Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website:

“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”

One of the many advantages of working with a local real estate professional is that many have relationships with lenders who will be able to help you with this process. Once you have selected a lender, you will need to fill out their loan application and provide them with important information regarding “your credit, debt, work history, down payment and residential history.” 

Freddie Mac describes the ‘4 Cs’ that help determine the amount you will be qualified to borrow:

  1. Capacity: Your current and future ability to make your payments
  2. Capital or cash reserves: The money, savings, and investments you have that can be sold quickly for cash
  3. Collateral: The home, or type of home, that you would like to purchase
  4. Credit: Your history of paying bills and other debts on time

Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and it often helps speed up the process once your offer has been accepted.

Bottom Line

Many potential home buyers overestimate the down payment and credit scores needed to qualify for a mortgage today. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so as well.

Working with NextHome Champions means working with the BEST in the industry! That includes Mortgage Lenders and Title Agents. Call or email TODAY!   616-886-6766 or tom@nexthomechampions.com