3 Critical Legal Errors and How to Avoid Them - FSBO Sellers Beware!
Darren Meade
May 26, 2007
3 Critical Legal Errors and How to Avoid Them
Legal Error #1 - Not Disclosing Everything
It’s your job as a home seller to disclose everything to the person purchasing your home. If the deal falls through, it falls through. It doesn’t matter when compared to the legal nightmare you could be in if you don’t disclose everything and the buyer slaps you with a lawsuit later on. Yes. It is possible. So, what specifically do you need to disclose? First, any problems the home has. Additionally, you should point out any repairs that need to be made. Do it in writing and have the buyer sign off on it. This will protect you down the road and ensure a worry-free transaction. It is important to note that a seller has no liability if they did not know about a problem. But don’t try to use this as a loophole. If you ever get into a legal situation and you are caught in a lie and it is proven you DID know about the problem and failed to disclose, you will be in a heap of trouble.
Legal Error #2 - Using a Vague Financing Contingency Clause
Did you know that failure of the financing contingency is the greatest cause for cancellation of a contract for the sale of residential property? It is also the greatest cause of disputes because most contract clauses commonly used are too vague and create uncertainty. Usually the buyer needs a mortgage. If they can’t qualify, the financing contingency is the buyer's escape clause. So, your offer should clearly specify the ground rules about the financing contingency. If the buyer applies promptly for their mortgage, they should have an answer within 30 days. After the specified time what is required? What does the contract say? A typical loan contingency clause reads: "The Buyer may cancel the contract if he is unable to obtain an 80% mortgage for 30 years at 7.5% fixed rate within 30 days." So what happens if the Buyer's loan is rejected? The above clause is vague and doesn’t address this important issue. It does not state what notice is required. A better clause would say the following: "If the Buyer cannot obtain a mortgage within 30 days, Buyer must notify Seller (in writing within 30 days of the date of this contract) of his election to cancel this contract. Failure to give notice of cancellation within such time period constitutes waiver of this financing contingency. This clause is clear; and the Buyer's obligations are clear; so there is no confusion about what is required and when.
Legal Error #3 - Making Your Offer Contingent upon Buyer’s Sale
Your Buyer may offer that they will purchase your home, but only after they successfully sell their old home. Through no fault of the Buyer, their other transaction may fall apart, causing cancellation of the deal. So, how do you deal with this? Placing a strict time limit on this type of contingency is the only defense. You need to specify, in writing, how long the Buyer has to sell their current home before your deal will automatically terminate.
DID YOUR REAL ESTATE AGENT MAKE YOU AWARE OF THESE IMPORTANT
LEGAL ISSUES?
If the answer is no, or if you haven’t chosen an Agent yet, you need to find and hire an Agent who is aware of these and other important legal concerns. We would like to help you do just that, FREE.
We offer a FREE “Agent Locator Service”. Because we are “in the business”, we know exactly who the best Real Estate Agents are. We would be happy to introduce you to a top agent who is experienced and knows the ins and outs of Real Estate legalities.
http://www.americanchronicle.com/articles/viewArticle.asp?articleID=27986
For Sale By Owner Homes
Custom Search
Real Estate & Mortgage Resources / Sponsors
Thursday, May 31, 2007
Wednesday, May 30, 2007
FSBO Homes Brown Summit, North Carolina
FSBO Homes Brown Summit, North Carolina
For More Info : FSBO Homes Brown Summit, North Carolina
Address :1804 Townsend Forest Ln Brown Summit, NC 27214
This beautiful residence sits on a 5 acre wooded lot. Has front and back covered porches. Extra large bonus room on second floor above garage (20.10x17.80). Two car garage with side entrance to large laundry room with lots of cabinets and a sink. Cathederal ceiling in great room and second bedroom. Stone fire place. Breakfast sittig area next to kitchen and bar. Master with walkin closet, jetted tub. Double sinks in both restrooms. Secluded and cosy setting.
For More Info : FSBO Homes Brown Summit, North Carolina
Address :1804 Townsend Forest Ln Brown Summit, NC 27214
This beautiful residence sits on a 5 acre wooded lot. Has front and back covered porches. Extra large bonus room on second floor above garage (20.10x17.80). Two car garage with side entrance to large laundry room with lots of cabinets and a sink. Cathederal ceiling in great room and second bedroom. Stone fire place. Breakfast sittig area next to kitchen and bar. Master with walkin closet, jetted tub. Double sinks in both restrooms. Secluded and cosy setting.
Friday, May 25, 2007
FSBO Homes Cullman, Alabama
FSBO Homes Cullman, Alabama
For More Info : FSBO Homes Cullman, Alabama
Address :427 County Road 436 Cullman, AL 35055
Look at this wonderful Single Family Home on 31 Acres!! This is a Single Family Home, German Built and is a Historical Home!! There is Native stone, inside and out, a Fireplace, Generator, 2 Air Conditioning units. The Home is approx 5000 Square Feet!! There are 4 bedrooms, 3.5 baths. Upstairs living area and Cellar!
There are Several outbuildings including a BARN!!! The 31 acres is fenced & crossfenced and also has a Pond! This property is ideal for horses and more!! You can Purchase House & 1 Acre for $269000 or House & 31 acres $498000.!
The Home is just outside the city limits of Cullman, Alabama. Great for future development! It is just minutes from I-65, Lewis Smith Lake, Ava Maria Grotto. The City of Cullman has a population of 18,000. A Great place to live. Several parks, Near Birmingham & Huntsville Alabama!
Owner is willing to negotiate and willing to finance!! Hurry on this wonderful home and property while it lasts!!
For More Info : FSBO Homes Cullman, Alabama
Address :427 County Road 436 Cullman, AL 35055
Look at this wonderful Single Family Home on 31 Acres!! This is a Single Family Home, German Built and is a Historical Home!! There is Native stone, inside and out, a Fireplace, Generator, 2 Air Conditioning units. The Home is approx 5000 Square Feet!! There are 4 bedrooms, 3.5 baths. Upstairs living area and Cellar!
There are Several outbuildings including a BARN!!! The 31 acres is fenced & crossfenced and also has a Pond! This property is ideal for horses and more!! You can Purchase House & 1 Acre for $269000 or House & 31 acres $498000.!
The Home is just outside the city limits of Cullman, Alabama. Great for future development! It is just minutes from I-65, Lewis Smith Lake, Ava Maria Grotto. The City of Cullman has a population of 18,000. A Great place to live. Several parks, Near Birmingham & Huntsville Alabama!
Owner is willing to negotiate and willing to finance!! Hurry on this wonderful home and property while it lasts!!
Monday, May 21, 2007
When you're selling, all the home's a stage
When you're selling, all the home's a stage
By Stephanie Earls
Albany Times Union
May 12, 2007
It had good bones, so you bought it, certain that -- with a little cash, and some time -- you could make it into your dream home. Fresh paint. New carpet. A gourmet kitchen, and master bath with heated towel rack.
But intentions, even really cool ones, do not equal equity. If the time to resell comes before all your renovation plans could be seen to fruition, it's time to forget about grand dreams.
It's all about getting the biggest return for your short-term effort. Experts say a few quick, affordable updates and decorating tricks can make the difference between no offers and warring bids. Staging or preparing the home, both inside and out, to create the biggest impact and best impression -- can draw in buyers and up sale prices, often for minimal cost to homeowners.
Stagers and real estate agents say the first step when preparing a home for sale is to clean up and clear out.
"The most inexpensive things often get the biggest return," said real estate agent Terry Little. "People are buying space as much as structure."
You're moving out anyway, so you might as well get an early start, said Geri Kissane, owner of Above and Beyond Home Staging in Delmar, N.Y. Like other stagers, Kissane will do the work for you, or just serve as a consultant with you doing the grunt work. All depends on your budget.
"I suggest you get a POD. Put it in your driveway, as you're packing [inside the house], move it out" to the storage unit, she said. PODs, and storage alternatives like it, are portable units that are packed on site then moved to a facility for longer-term storage. Remove personal items from all surfaces.
Put away refrigerator magnets, and pack up collectibles into boxes that can either be removed from the home or, if they're pretty enough, artfully stacked. "We've seen [huge collections of] Hummels, teacups, salt-and-pepper shakers," said Sheila Palmer, who runs Homes Staged 2 Sell in Schenectady, N.Y. "That's not what you want the buyer to see. You want them to see the walls, the beautiful view."
Beverly Tracy, of Beverly Tracy Home Design in Saratoga Springs, N.Y., walks through a client's house sticking Post-its to what needs to go. If you don't have a professional stager, consider asking a friend or relative or anyone you feel can be honest with you to walk through and point out items that might be a turn-off to potential buyers.
Be prepared to make some emotional decisions, and to face the fact that your taste might not be universal.
"It's like, `I know you love your lime green front door, but it's really got to go,'" said Kissane, adding that staging -- and a stager's job -- can be tough on a homeowner's emotions. "I had to tell one family to stop cooking. They did a lot of Indian cooking. The smell permeated the drapes and the wood. [It's] just not appealing to everybody. If you smell it, you can't sell it."
Fix any visible problems that might be a red flag for potential buyers -- such as stained plaster or drywall that could indicate an old leak or settling or other structural problems.
Add fresh paint, in neutral colors, and focus on first-floor rooms and public rooms, like the kitchen, dining room and living room. Clean up the exterior of the home, add potted plants and repair damaged walkways
Even a house that's not in dire need of renovations should be given at least two weeks' prep time.
On the flip side of clutter-clearing, an empty house can leave potential buyers feeling cold -- both physically and emotionally, said Kissane.
"There's the echo factor. It's cold. And they'll see every single little scratch and nick and dent," she said. People can't tell how big the rooms are without furniture.
"Establish a visual reference point. Even if you have two chairs and an area rug, they'll say "Oh, it's furnished and it's huge,'" Kissane said.
http://www.sun-sentinel.com/features/lifestyle/sfl-hg12sellmay12,0,4807471.story?coll=sfla-features-headlines
By Stephanie Earls
Albany Times Union
May 12, 2007
It had good bones, so you bought it, certain that -- with a little cash, and some time -- you could make it into your dream home. Fresh paint. New carpet. A gourmet kitchen, and master bath with heated towel rack.
But intentions, even really cool ones, do not equal equity. If the time to resell comes before all your renovation plans could be seen to fruition, it's time to forget about grand dreams.
It's all about getting the biggest return for your short-term effort. Experts say a few quick, affordable updates and decorating tricks can make the difference between no offers and warring bids. Staging or preparing the home, both inside and out, to create the biggest impact and best impression -- can draw in buyers and up sale prices, often for minimal cost to homeowners.
Stagers and real estate agents say the first step when preparing a home for sale is to clean up and clear out.
"The most inexpensive things often get the biggest return," said real estate agent Terry Little. "People are buying space as much as structure."
You're moving out anyway, so you might as well get an early start, said Geri Kissane, owner of Above and Beyond Home Staging in Delmar, N.Y. Like other stagers, Kissane will do the work for you, or just serve as a consultant with you doing the grunt work. All depends on your budget.
"I suggest you get a POD. Put it in your driveway, as you're packing [inside the house], move it out" to the storage unit, she said. PODs, and storage alternatives like it, are portable units that are packed on site then moved to a facility for longer-term storage. Remove personal items from all surfaces.
Put away refrigerator magnets, and pack up collectibles into boxes that can either be removed from the home or, if they're pretty enough, artfully stacked. "We've seen [huge collections of] Hummels, teacups, salt-and-pepper shakers," said Sheila Palmer, who runs Homes Staged 2 Sell in Schenectady, N.Y. "That's not what you want the buyer to see. You want them to see the walls, the beautiful view."
Beverly Tracy, of Beverly Tracy Home Design in Saratoga Springs, N.Y., walks through a client's house sticking Post-its to what needs to go. If you don't have a professional stager, consider asking a friend or relative or anyone you feel can be honest with you to walk through and point out items that might be a turn-off to potential buyers.
Be prepared to make some emotional decisions, and to face the fact that your taste might not be universal.
"It's like, `I know you love your lime green front door, but it's really got to go,'" said Kissane, adding that staging -- and a stager's job -- can be tough on a homeowner's emotions. "I had to tell one family to stop cooking. They did a lot of Indian cooking. The smell permeated the drapes and the wood. [It's] just not appealing to everybody. If you smell it, you can't sell it."
Fix any visible problems that might be a red flag for potential buyers -- such as stained plaster or drywall that could indicate an old leak or settling or other structural problems.
Add fresh paint, in neutral colors, and focus on first-floor rooms and public rooms, like the kitchen, dining room and living room. Clean up the exterior of the home, add potted plants and repair damaged walkways
Even a house that's not in dire need of renovations should be given at least two weeks' prep time.
On the flip side of clutter-clearing, an empty house can leave potential buyers feeling cold -- both physically and emotionally, said Kissane.
"There's the echo factor. It's cold. And they'll see every single little scratch and nick and dent," she said. People can't tell how big the rooms are without furniture.
"Establish a visual reference point. Even if you have two chairs and an area rug, they'll say "Oh, it's furnished and it's huge,'" Kissane said.
http://www.sun-sentinel.com/features/lifestyle/sfl-hg12sellmay12,0,4807471.story?coll=sfla-features-headlines
FSBO Homes Camarillo, California
FSBO Homes Camarillo, California
For More Info : FSBO Homes Camarillo, California
Address :2028 Alborada Drive Camarillo, CA 93010
MAJOR PRICE REDUCTION!BELOW market value! Nearly $50,000 reduction! Breathtaking Views!(3000+ sqft one of the largest Vista Las Posas)5 BR/3.5 Bath. Gourmet kitchen, double ovens,large island,breakfast bar. 2 master suites w/ walk-in closets upstairs, 1 downstairs suite. Fantastic koi pond, 3 car garage, security system, privacy! HURRY!
For More Info : FSBO Homes Camarillo, California
Address :2028 Alborada Drive Camarillo, CA 93010
MAJOR PRICE REDUCTION!BELOW market value! Nearly $50,000 reduction! Breathtaking Views!(3000+ sqft one of the largest Vista Las Posas)5 BR/3.5 Bath. Gourmet kitchen, double ovens,large island,breakfast bar. 2 master suites w/ walk-in closets upstairs, 1 downstairs suite. Fantastic koi pond, 3 car garage, security system, privacy! HURRY!
Friday, May 18, 2007
FSBO Homes Montgomery City, Missouri
FSBO Homes montgomery city, Missouri
For More Info : FSBO Homes montgomery city, Missouri
Address :548 W.Bell St. montgomery city, MO 63361
School District: Montgomery Co R-2, Heat Type: Standard Gas, Air Type: Central A/C, Pool: YES, Owner Financing: NO, Sewer Type: City Provided, Is an Agent Allowed: NO, Garage Attached: Attached, Is the Owner also the Agent: NO, Description: 5 year old; Very well kept 5 bedroom; 3.5 bath, Modified ranch home in Montgomery City, MO; Very close to golf course on large lot; Open floor plan; Full Brandkamp cabinetry; Gas fireplace; 4,244 total square footage; 2,122 livable square footage upstairs; Approx 1,500 finished livable square footage down stairs; Oversized 2 car garage; Fenced backyard; Many more upgrades too numerous to mention; Priced well under appraised value; Additional land available to additional fee; Serious interest only please; $199,900.00; Call 573-564-2996 or 573-220-5566 for more information or appt to view., Fireplaces: 1, Utilities: , Garage Type: 2 Car, Topography: , Number Of Floors: 2, Architectual Style: Ranch, Basement: YES
For More Info : FSBO Homes montgomery city, Missouri
Address :548 W.Bell St. montgomery city, MO 63361
School District: Montgomery Co R-2, Heat Type: Standard Gas, Air Type: Central A/C, Pool: YES, Owner Financing: NO, Sewer Type: City Provided, Is an Agent Allowed: NO, Garage Attached: Attached, Is the Owner also the Agent: NO, Description: 5 year old; Very well kept 5 bedroom; 3.5 bath, Modified ranch home in Montgomery City, MO; Very close to golf course on large lot; Open floor plan; Full Brandkamp cabinetry; Gas fireplace; 4,244 total square footage; 2,122 livable square footage upstairs; Approx 1,500 finished livable square footage down stairs; Oversized 2 car garage; Fenced backyard; Many more upgrades too numerous to mention; Priced well under appraised value; Additional land available to additional fee; Serious interest only please; $199,900.00; Call 573-564-2996 or 573-220-5566 for more information or appt to view., Fireplaces: 1, Utilities: , Garage Type: 2 Car, Topography: , Number Of Floors: 2, Architectual Style: Ranch, Basement: YES
Monday, May 14, 2007
Helpful Hints To Help You Sell Your Own Home
Helpful Hints To Help You Sell Your Own Home
By Mark Camphaug
Most buyers predictably respond to the same things - clean, clutter-free homes in a good state of repair. You may want to spruce things up with a fresh paint job and definitely ensure that you address any major repairs that may be required. Those are big ticket items, but what can you do on a smaller scale (and budget) to get your home ready to compete successfully on the real estate market?
There are a number of tried and true things you can use to make sure your prospective home buyer sees what you want them to see, and overlooks what you want them to overlook. Keeping your home in tip-top shape for showings will insure that your prospective home buyer will offer more money than for a home that isn't ready.
Always look at a home from the prospective home buyer's perspective. Be objective and honest with yourself. If something bothers you about your home, chances are good it will bother the prospective home buyer, too. Do what you can to eliminate the problem. You want to minimize any negative objections that the prospective home buyer may have. Preparing your FSBO home for sale generally means you'll be putting some elbow grease into it, so get ready.
Have a garage sale before the home is listed. This is a great opportunity to get rid of any clutter and provides the prospective home buyer to really see your home. Clean out and get rid of anything that you think you won't need in your next home. Pack away all that you can. Be sure, though, to find the fine line between clutter and emptiness.
Clean the drain gutters. Buyers nearly always comment if gutters are full of leaves and it makes them question other maintenance issues.
Store or organize items that make the yard look untidy.
Touch up any exterior paint that needs it, faded or chipped exterior paint is an immediate buyer turnoff. New paint is not inexpensive, but is a great way to add appeal and increase market value.
Remove debris from the roof such as tree branches and leaves. Straighten the television antenna. Untangle or remove, cable, telephone or other exposed wiring. Make any necessary repairs to worn shingles or cracked surfaces.
Flowering plants and outdoor furniture add appeal. Remove any unnecessary items such as gardening equipment. Clean and tidy any visible items, such as an outdoor grill or barbecue. Repair cracks, missing slats, enclosures and screens.
Swimming pools, hot tubs, saunas, outdoor showers and their pumps and filters should be clean and operating smoothly. Ensure that the sprinkler systems and outdoor faucets are working properly.
Make your front entry inviting. Decorate it, paint the door, or buy a new door. It's the prospective home buyer’s first impression, so make it a good one. Good curb appeal is a critical part of a successful home selling process. Your goal should be to make home buyers stop and say 'Wow!'
Welcome the buyer at the entry. Put out a new doormat, clean and polish the brass doorknob and knocker. Put potted flowers on the porch. Make sure the front entry floor is sparkling clean and the porch and steps are swept. Remember you only get one chance to make a good first impression.
Stimulate the buyer's imagination by setting the stage. Set the dinner table with your best china and linens. Use the coziness and romance of the fireplace to advantage. Put a pair of wine glasses and a vase of flowers on the coffee table in front of the fire.
Most potential home buyers like an interior with lots of natural lighting. Start on the outside by trimming any overgrown trees and shrubs to make sure they do not obscure views or keep natural light from streaming through windows.
Make sure windows sparkle, inside and out. Clean your home's skylights, buyers always inspect skylights and sun tunnels to make sure they aren't cracked or leaking.
Be ruthless about odors. If there is a smell, your house won't sell. Use cleansers of all kinds to make the home smell fresh, but make sure you don’t create a “cleaning agent” odor. Use carpet fresheners, potpourri, room deodorizers, and scented candles. Deodorize cat litter and scoop litter daily. Put cedar chips inside the closets. Bake some cookies put them out on the kitchen table.
Create a spacious feeling. Make sure that all doors, cabinets and drawers open all the way without bumping into anything or sticking. Clean out the entry closet and put only a few hangers so that the buyer can visualize winter coats. Move any oversized furniture to a storage facility or a friend’s house. Make sure entrances to all rooms have an open flow.
Put a screen or a basket of flowers in front of a fireplace if not in use. Let the breezes move your sheer curtains at the window. Make sure the interior is visible from the street.
Create counter space. Store away those extra appliances. Put away dish racks, soap dishes and other clutter. Decrease kitchen clutter further by removing magnets, notes and kids "art" from refrigerator.
Inspect your home's closets (prospective home buyers certainly will). Do a general cleanup, store your off season wardrobe, and remove items to make closets appear more spacious.
Paint interior rooms if they are dingy. Neutral colors are usually a preferable choice, but don't feel you have to cover up an existing, dramatic color scheme.
Clean the carpets. Polish wood floors. Clean dingy grout and reseal it if necessary. Keep all floors spotless.
Make sure all doorknobs and cabinet pulls are clean and functioning. Consider a new set of kitchen cabinet pulls to make your kitchen more appealing. It's sometimes an inexpensive way to update one of the most important rooms in your home.
Repair leaky faucets. Make sure toilets flush properly.
Avoid eccentric decor. De-personalize your teenager's room, the games room or other areas by removing posters or any decorative item that could be construed as offensive. Remove hanging beads in doorways, your children's bedroom clutter and anything that won't appeal to a prospective buyer.
Increase the wattage in light bulbs in the laundry room, kitchen and bathrooms. For showings, turn on lights in every room.
Put photos of the family enjoying your home in different rooms throughout the home.
Now step back. Stand outside the front door, as much as 30 feet away and evaluate the feeling you get. Is the house warm and inviting? Does it feel like home?
If so, then perhaps it will to your prospective home buyer too.
Mark Camphaug is currently President of FreeFSBO.com and it’s parent Martcam LLC. FreeFSBO.com is a For Sale by Owner (FSBO) website (http://www.FreeFSBO.com) that offers a free online listing and free real estate lawn sign to prospective FSBO home sellers. Camphaug has spent the last 6 years as Vice President of one of the world’s largest and most successful Interactive Marketing Agencies where he specialized in all aspects of internet marketing, including SEO, PPC, Email and Affiliate marketing. Prior to that Camphaug spent 12 years in the competitive new home industry, duties included sales, marketing and client relationship management.
Article Source: http://EzineArticles.com/?expert=Mark_Camphaug
By Mark Camphaug
Most buyers predictably respond to the same things - clean, clutter-free homes in a good state of repair. You may want to spruce things up with a fresh paint job and definitely ensure that you address any major repairs that may be required. Those are big ticket items, but what can you do on a smaller scale (and budget) to get your home ready to compete successfully on the real estate market?
There are a number of tried and true things you can use to make sure your prospective home buyer sees what you want them to see, and overlooks what you want them to overlook. Keeping your home in tip-top shape for showings will insure that your prospective home buyer will offer more money than for a home that isn't ready.
Always look at a home from the prospective home buyer's perspective. Be objective and honest with yourself. If something bothers you about your home, chances are good it will bother the prospective home buyer, too. Do what you can to eliminate the problem. You want to minimize any negative objections that the prospective home buyer may have. Preparing your FSBO home for sale generally means you'll be putting some elbow grease into it, so get ready.
Have a garage sale before the home is listed. This is a great opportunity to get rid of any clutter and provides the prospective home buyer to really see your home. Clean out and get rid of anything that you think you won't need in your next home. Pack away all that you can. Be sure, though, to find the fine line between clutter and emptiness.
Clean the drain gutters. Buyers nearly always comment if gutters are full of leaves and it makes them question other maintenance issues.
Store or organize items that make the yard look untidy.
Touch up any exterior paint that needs it, faded or chipped exterior paint is an immediate buyer turnoff. New paint is not inexpensive, but is a great way to add appeal and increase market value.
Remove debris from the roof such as tree branches and leaves. Straighten the television antenna. Untangle or remove, cable, telephone or other exposed wiring. Make any necessary repairs to worn shingles or cracked surfaces.
Flowering plants and outdoor furniture add appeal. Remove any unnecessary items such as gardening equipment. Clean and tidy any visible items, such as an outdoor grill or barbecue. Repair cracks, missing slats, enclosures and screens.
Swimming pools, hot tubs, saunas, outdoor showers and their pumps and filters should be clean and operating smoothly. Ensure that the sprinkler systems and outdoor faucets are working properly.
Make your front entry inviting. Decorate it, paint the door, or buy a new door. It's the prospective home buyer’s first impression, so make it a good one. Good curb appeal is a critical part of a successful home selling process. Your goal should be to make home buyers stop and say 'Wow!'
Welcome the buyer at the entry. Put out a new doormat, clean and polish the brass doorknob and knocker. Put potted flowers on the porch. Make sure the front entry floor is sparkling clean and the porch and steps are swept. Remember you only get one chance to make a good first impression.
Stimulate the buyer's imagination by setting the stage. Set the dinner table with your best china and linens. Use the coziness and romance of the fireplace to advantage. Put a pair of wine glasses and a vase of flowers on the coffee table in front of the fire.
Most potential home buyers like an interior with lots of natural lighting. Start on the outside by trimming any overgrown trees and shrubs to make sure they do not obscure views or keep natural light from streaming through windows.
Make sure windows sparkle, inside and out. Clean your home's skylights, buyers always inspect skylights and sun tunnels to make sure they aren't cracked or leaking.
Be ruthless about odors. If there is a smell, your house won't sell. Use cleansers of all kinds to make the home smell fresh, but make sure you don’t create a “cleaning agent” odor. Use carpet fresheners, potpourri, room deodorizers, and scented candles. Deodorize cat litter and scoop litter daily. Put cedar chips inside the closets. Bake some cookies put them out on the kitchen table.
Create a spacious feeling. Make sure that all doors, cabinets and drawers open all the way without bumping into anything or sticking. Clean out the entry closet and put only a few hangers so that the buyer can visualize winter coats. Move any oversized furniture to a storage facility or a friend’s house. Make sure entrances to all rooms have an open flow.
Put a screen or a basket of flowers in front of a fireplace if not in use. Let the breezes move your sheer curtains at the window. Make sure the interior is visible from the street.
Create counter space. Store away those extra appliances. Put away dish racks, soap dishes and other clutter. Decrease kitchen clutter further by removing magnets, notes and kids "art" from refrigerator.
Inspect your home's closets (prospective home buyers certainly will). Do a general cleanup, store your off season wardrobe, and remove items to make closets appear more spacious.
Paint interior rooms if they are dingy. Neutral colors are usually a preferable choice, but don't feel you have to cover up an existing, dramatic color scheme.
Clean the carpets. Polish wood floors. Clean dingy grout and reseal it if necessary. Keep all floors spotless.
Make sure all doorknobs and cabinet pulls are clean and functioning. Consider a new set of kitchen cabinet pulls to make your kitchen more appealing. It's sometimes an inexpensive way to update one of the most important rooms in your home.
Repair leaky faucets. Make sure toilets flush properly.
Avoid eccentric decor. De-personalize your teenager's room, the games room or other areas by removing posters or any decorative item that could be construed as offensive. Remove hanging beads in doorways, your children's bedroom clutter and anything that won't appeal to a prospective buyer.
Increase the wattage in light bulbs in the laundry room, kitchen and bathrooms. For showings, turn on lights in every room.
Put photos of the family enjoying your home in different rooms throughout the home.
Now step back. Stand outside the front door, as much as 30 feet away and evaluate the feeling you get. Is the house warm and inviting? Does it feel like home?
If so, then perhaps it will to your prospective home buyer too.
Mark Camphaug is currently President of FreeFSBO.com and it’s parent Martcam LLC. FreeFSBO.com is a For Sale by Owner (FSBO) website (http://www.FreeFSBO.com) that offers a free online listing and free real estate lawn sign to prospective FSBO home sellers. Camphaug has spent the last 6 years as Vice President of one of the world’s largest and most successful Interactive Marketing Agencies where he specialized in all aspects of internet marketing, including SEO, PPC, Email and Affiliate marketing. Prior to that Camphaug spent 12 years in the competitive new home industry, duties included sales, marketing and client relationship management.
Article Source: http://EzineArticles.com/?expert=Mark_Camphaug
The busiest moving month of the year has arrived!
The busiest moving month of the year has arrived!
Countrywide Home Loans Offers Home Buying Tips to Gear up for Busiest Moving Month of the Year
The busiest moving month of the year for Americans, May, has arrived. According to a 2004 - 2005 United States Census Bureau study on geographic mobility, each year more than 39 million Americans will choose to start fresh, moving into a new home in the month of May. Most importantly, before home buyers do their moving, they must make financial decisions that affect their ability to move.
According to a 2004 - 2005 United States Census Bureau study on geographic mobility, each year more than 39 million Americans will choose to start fresh, moving into a new home in the month of May. Most importantly, before home buyers do their moving, they must make financial decisions that affect their ability to move.
"With numerous details involved in moving a household, and ultimately the important economic commitment, making the right financial decisions concerning your home loan and mortgage lender are critical necessities," said Tom Hunt, managing director of Countrywide Home Loans.
"Countrywide Home Loans has helped millions of home buyers involved in the home-buying process by assisting them in identifying the best mortgage loan and payment for them based on their individual financial situation."
As one of the most significant milestones in life, it is important for first-time and existing homeowners to remember a few quick tips when preparing to buy a new home.
Quick Tips for a May Move
The home buying process can be simplified by making the right choices. From deciding whether homeownership is the best feasible option to coordinating the actual move into a new home, all of these steps are essential to the process. Additionally, tools such as easy-to-use mortgage calculators to help determine how much house you can afford, and what your monthly payment will be can be found at http://www.countrywide.com.
The following are a few initial steps to consider:
1. Good credit counts. Know your credit history. Meet with a reputable mortgage lender, such as Countrywide Home Loans, to understand your credit score; work on any credit challenges; and know how much house you can afford.
2. How much can you afford? Proper planning and discipline can make the dream of owning a home a reality. Setting a realistic price range, for both new and move-up buyers, is vital. This helps minimize the risk of heartbreak from finding the perfect home but then encountering difficulty in qualifying for purchase financing, or walking away from a dream house that you do not realize may actually be affordable.
3. Describe your desires. Once you have a good idea of how much home you can afford, it's time to start prioritizing the most important home features. To help turn your desires into an organized list that will help you evaluate your options, ask a very important question: What am I looking for in a home? Always remember that there is no magic formula for determining which home is right for you. The home shopping process is much more subjective and intangible.
4. The search is on. Now that you know how much you can afford and have ironed out your preferences for the home of your dreams, it's time to go shopping. Ask those you trust for suggestions to help you find a real estate agent and link you to services that will help you evaluate the neighborhood, city and schools.
5. One size does not fit all. A changing real estate market may tempt a buyer to stick to a standard 30-year, fixed rate mortgage; however, this approach, while a comfortable choice for many, may not always optimally serve the home buyer's situation. A good lender will work to help the home buyer find a loan that is consistent with the individual needs and qualifications, unique financial situation, stage of life and personal financial goals of the buyer.
For additional information, contact Countrywide Home Loans at 800-570-9888 or visit http://www.countrywide.com. Home financing experts are available to help answer questions about the home-buying process.
About Countrywide Home Loans, Inc.
Countrywide Home Loans, Inc., a member of the Countrywide® family - America's #1 home loan lender - (as ranked for 2006 by Inside Mortgage Finance, Feb. 2, 2007, Copyright 2007), originates, purchases, securitizes, sells and services home loans and is the primary subsidiary of Countrywide Financial Corporation (NYSE: CFC).
Countrywide Financial Corporation, through its subsidiaries, provides mortgage banking and diversified financial services in domestic and international markets. Founded in 1969 and a member of the S&P 500 and Fortune 500, Countrywide Financial Corporation is headquartered in Calabasas, California and its family of companies has a workforce of more than 50,000 in over 900 offices across the country. http://www.countrywide.com
Countrywide Home Loans Offers Home Buying Tips to Gear up for Busiest Moving Month of the Year
The busiest moving month of the year for Americans, May, has arrived. According to a 2004 - 2005 United States Census Bureau study on geographic mobility, each year more than 39 million Americans will choose to start fresh, moving into a new home in the month of May. Most importantly, before home buyers do their moving, they must make financial decisions that affect their ability to move.
According to a 2004 - 2005 United States Census Bureau study on geographic mobility, each year more than 39 million Americans will choose to start fresh, moving into a new home in the month of May. Most importantly, before home buyers do their moving, they must make financial decisions that affect their ability to move.
"With numerous details involved in moving a household, and ultimately the important economic commitment, making the right financial decisions concerning your home loan and mortgage lender are critical necessities," said Tom Hunt, managing director of Countrywide Home Loans.
"Countrywide Home Loans has helped millions of home buyers involved in the home-buying process by assisting them in identifying the best mortgage loan and payment for them based on their individual financial situation."
As one of the most significant milestones in life, it is important for first-time and existing homeowners to remember a few quick tips when preparing to buy a new home.
Quick Tips for a May Move
The home buying process can be simplified by making the right choices. From deciding whether homeownership is the best feasible option to coordinating the actual move into a new home, all of these steps are essential to the process. Additionally, tools such as easy-to-use mortgage calculators to help determine how much house you can afford, and what your monthly payment will be can be found at http://www.countrywide.com.
The following are a few initial steps to consider:
1. Good credit counts. Know your credit history. Meet with a reputable mortgage lender, such as Countrywide Home Loans, to understand your credit score; work on any credit challenges; and know how much house you can afford.
2. How much can you afford? Proper planning and discipline can make the dream of owning a home a reality. Setting a realistic price range, for both new and move-up buyers, is vital. This helps minimize the risk of heartbreak from finding the perfect home but then encountering difficulty in qualifying for purchase financing, or walking away from a dream house that you do not realize may actually be affordable.
3. Describe your desires. Once you have a good idea of how much home you can afford, it's time to start prioritizing the most important home features. To help turn your desires into an organized list that will help you evaluate your options, ask a very important question: What am I looking for in a home? Always remember that there is no magic formula for determining which home is right for you. The home shopping process is much more subjective and intangible.
4. The search is on. Now that you know how much you can afford and have ironed out your preferences for the home of your dreams, it's time to go shopping. Ask those you trust for suggestions to help you find a real estate agent and link you to services that will help you evaluate the neighborhood, city and schools.
5. One size does not fit all. A changing real estate market may tempt a buyer to stick to a standard 30-year, fixed rate mortgage; however, this approach, while a comfortable choice for many, may not always optimally serve the home buyer's situation. A good lender will work to help the home buyer find a loan that is consistent with the individual needs and qualifications, unique financial situation, stage of life and personal financial goals of the buyer.
For additional information, contact Countrywide Home Loans at 800-570-9888 or visit http://www.countrywide.com. Home financing experts are available to help answer questions about the home-buying process.
About Countrywide Home Loans, Inc.
Countrywide Home Loans, Inc., a member of the Countrywide® family - America's #1 home loan lender - (as ranked for 2006 by Inside Mortgage Finance, Feb. 2, 2007, Copyright 2007), originates, purchases, securitizes, sells and services home loans and is the primary subsidiary of Countrywide Financial Corporation (NYSE: CFC).
Countrywide Financial Corporation, through its subsidiaries, provides mortgage banking and diversified financial services in domestic and international markets. Founded in 1969 and a member of the S&P 500 and Fortune 500, Countrywide Financial Corporation is headquartered in Calabasas, California and its family of companies has a workforce of more than 50,000 in over 900 offices across the country. http://www.countrywide.com
FSBO Homes Norco, California
FSBO Homes Norco, California
For More Info : FSBO Homes Norco, California
Address :230 Cross Rail Lane Norco, CA 92860
Horse property with gorgeous views of city lights and mountains. Near Hidden Valley Golf Club. 5327 sq ft, 5 Bedroom, 4.5 baths, Jacuzzi Tub, Separate Guest/Maid Quarters & Large Office, Living Room/Dining Room, Great Room, 3 Fireplaces, 4 Car Garage, Huge Indoor Laundry Room with sinks and lots of cabinets, Granite Counter Tops, 2 separate sinks in kitchen. Slate Floors, Stainless Steel Appliances with built in fridge, double oven, microwave, stove. Balcony off Bonus Room, Tech Center, Library, Foyer, w/Sweeping Staircase, Merlot Railing & Cabinetry Throughout, French Doors, Crown Molding. Close to 15,91,60 Freeways, Room for RV Parking Keyless Entry and lots more. Close to shopping, schools and college. The casita and office may be able to be converted into a recording studio since it has it's own separate entrance it is very private and the office and casita share a wall which may be opened up.
For More Info : FSBO Homes Norco, California
Address :230 Cross Rail Lane Norco, CA 92860
Horse property with gorgeous views of city lights and mountains. Near Hidden Valley Golf Club. 5327 sq ft, 5 Bedroom, 4.5 baths, Jacuzzi Tub, Separate Guest/Maid Quarters & Large Office, Living Room/Dining Room, Great Room, 3 Fireplaces, 4 Car Garage, Huge Indoor Laundry Room with sinks and lots of cabinets, Granite Counter Tops, 2 separate sinks in kitchen. Slate Floors, Stainless Steel Appliances with built in fridge, double oven, microwave, stove. Balcony off Bonus Room, Tech Center, Library, Foyer, w/Sweeping Staircase, Merlot Railing & Cabinetry Throughout, French Doors, Crown Molding. Close to 15,91,60 Freeways, Room for RV Parking Keyless Entry and lots more. Close to shopping, schools and college. The casita and office may be able to be converted into a recording studio since it has it's own separate entrance it is very private and the office and casita share a wall which may be opened up.
Thursday, May 10, 2007
FSBO Homes Ocala, Florida
FSBO Homes Ocala, Florida
For More Info : FSBO Homes Ocala, Florida
Address :4595 NW 48th Lane Ocala, FL 34470
Brand new quality-built 3/2 home in safe, family oriented NW Ocala neighborhood. 10 min, to downtown and 2 min. to shoppong. 1590 sq.ft. under air total. One of the most popular floor plans. 2 car garage, central gas heat and elec. air, Lanai landscaping, 30 year shingles block construction. MANY UPGRDES!!! including: tile kitchen, bath & hallways, wood cabinets,tray ceiling in master, microwave, beveled counters, bay window,2" blinds throughout & garage door opener, Trees/open field in the private backyard.
7/06 appraisal for $232,000 Owner pays $1,000 in closing costs. Move quickly on this opportunity it won't last long.
For More Info : FSBO Homes Ocala, Florida
Address :4595 NW 48th Lane Ocala, FL 34470
Brand new quality-built 3/2 home in safe, family oriented NW Ocala neighborhood. 10 min, to downtown and 2 min. to shoppong. 1590 sq.ft. under air total. One of the most popular floor plans. 2 car garage, central gas heat and elec. air, Lanai landscaping, 30 year shingles block construction. MANY UPGRDES!!! including: tile kitchen, bath & hallways, wood cabinets,tray ceiling in master, microwave, beveled counters, bay window,2" blinds throughout & garage door opener, Trees/open field in the private backyard.
7/06 appraisal for $232,000 Owner pays $1,000 in closing costs. Move quickly on this opportunity it won't last long.
Wednesday, May 9, 2007
Paying Off Your Mortgage and Saving/Investing at the Same Time
Paying Off Your Mortgage and Saving/Investing at the Same Time
May 05, 2007
Here's a good comment left in response to my post titled Should You Pay Off Your Home or Not?:
Seems to me it's a great time to throw out the word "moderation". I am investing heavily in my 401K, investing in a ROTH, investing in a 529 plan and paying down my mortgage. By balancing all of these, I'm seeing my net worth increase pretty rapidly and also feeling like I'm making good headway on knocking down my mortgage.
This is both what I recommend as well as what I did (I say "did" because the mortgage is gone -- I still do the savings portions) as I outlined in When to Pay Off Your Mortgage. We were able to save like bandits as well as pay off our mortgage early because of one thing: we spent way less than we earned. To the extent that you spend less, you can save/invest/pay off more (kinda simple math, but it was worth saying.) ;-)
May 05, 2007
Here's a good comment left in response to my post titled Should You Pay Off Your Home or Not?:
Seems to me it's a great time to throw out the word "moderation". I am investing heavily in my 401K, investing in a ROTH, investing in a 529 plan and paying down my mortgage. By balancing all of these, I'm seeing my net worth increase pretty rapidly and also feeling like I'm making good headway on knocking down my mortgage.
This is both what I recommend as well as what I did (I say "did" because the mortgage is gone -- I still do the savings portions) as I outlined in When to Pay Off Your Mortgage. We were able to save like bandits as well as pay off our mortgage early because of one thing: we spent way less than we earned. To the extent that you spend less, you can save/invest/pay off more (kinda simple math, but it was worth saying.) ;-)
Mortgage Refinancing Fact vs. Fiction
Mortgage Refinancing Fact vs. Fiction: These 5 Facts Can Potentially Put Money in Your Pocket
Mortgage refinancing was practically a national pastime in recent years. And, because some people consider themselves an expert once they’ve done something once, a lot of mythology developed around the subject of mortgage refinancing. Before you consider a refinance in today’s market, be sure you’re working with facts — not fiction.
Mortgage refinancing facts
Fiction: If you can lower your rate by a half-percent, it’s always worth it to refi!
Fact: It all depends on what you pay in up-front costs, and how long you actually keep the home or the loan. If you pay 3% in closing costs to lower your rate by a half-percent—and then sell or refinance again the next year, the only one who’s probably making money by mortgage refinancing is your lender.
Fiction: If you have an adjustable rate (ARM), switching to a fixed rate should be your first priority when mortgage refinancing.
Fact: Many a mortgage professional — from the loan agent to the mortgage company owner — will choose an adjustable rate over a fixed rate mortgage, depending on their circumstances. That’s because they’re number crunchers by nature, and will run the numbers to determine whether their out-of-pocket costs in the first few years will be less with an ARM or a 30 year fixed rate mortgage. When the numbers favor an ARM, it can be the loan of choice.
Fiction: The only smart mortgage refinance is one with no up-front costs.
Fact: Again, it all depends. Lenders have to cover their costs, plus make a profit. If they’re not charging you up-front, they’re likely charging you with a higher interest rate, and possibly a prepayment penalty on the back end. Depending on how long you plan to keep the loan, the “no cost” loan could end up costing you more!
Fiction: Mortgage refinancing is all about the interest rate — the lower the better.
Fact: You guessed it! The truth, once again, is “it depends.” The very lowest interest rate will probably require higher points and fees. Someone will have to crunch the numbers to find the break-even point, when the costs you’ve paid up-front are offset by the reduced rate. Make sure your plan to keep the loan is consistent with the loan you choose.
Fiction: You’d be crazy to refinance from a fixed rate to an adjustable.
Fact: Hardly! Mortgage refinancing is done to achieve a number of goals — securing the lowest fixed rate is only one. For many, reducing their mortgage payment is the goal — and ARMs may be much better suited to that objective. Those who don’t plan to stay in a home for 30 years may not want to pay more for a feature they won’t use?
Mortgage refinancing was practically a national pastime in recent years. And, because some people consider themselves an expert once they’ve done something once, a lot of mythology developed around the subject of mortgage refinancing. Before you consider a refinance in today’s market, be sure you’re working with facts — not fiction.
Mortgage refinancing facts
Fiction: If you can lower your rate by a half-percent, it’s always worth it to refi!
Fact: It all depends on what you pay in up-front costs, and how long you actually keep the home or the loan. If you pay 3% in closing costs to lower your rate by a half-percent—and then sell or refinance again the next year, the only one who’s probably making money by mortgage refinancing is your lender.
Fiction: If you have an adjustable rate (ARM), switching to a fixed rate should be your first priority when mortgage refinancing.
Fact: Many a mortgage professional — from the loan agent to the mortgage company owner — will choose an adjustable rate over a fixed rate mortgage, depending on their circumstances. That’s because they’re number crunchers by nature, and will run the numbers to determine whether their out-of-pocket costs in the first few years will be less with an ARM or a 30 year fixed rate mortgage. When the numbers favor an ARM, it can be the loan of choice.
Fiction: The only smart mortgage refinance is one with no up-front costs.
Fact: Again, it all depends. Lenders have to cover their costs, plus make a profit. If they’re not charging you up-front, they’re likely charging you with a higher interest rate, and possibly a prepayment penalty on the back end. Depending on how long you plan to keep the loan, the “no cost” loan could end up costing you more!
Fiction: Mortgage refinancing is all about the interest rate — the lower the better.
Fact: You guessed it! The truth, once again, is “it depends.” The very lowest interest rate will probably require higher points and fees. Someone will have to crunch the numbers to find the break-even point, when the costs you’ve paid up-front are offset by the reduced rate. Make sure your plan to keep the loan is consistent with the loan you choose.
Fiction: You’d be crazy to refinance from a fixed rate to an adjustable.
Fact: Hardly! Mortgage refinancing is done to achieve a number of goals — securing the lowest fixed rate is only one. For many, reducing their mortgage payment is the goal — and ARMs may be much better suited to that objective. Those who don’t plan to stay in a home for 30 years may not want to pay more for a feature they won’t use?
Monday, May 7, 2007
Everything You Need To Know About Mortgages
Equity Advisors Publishes A Report "Everything You Need To Know About Mortgages"
Based On Vital Consumer Feedback
Santa Cruz, CA. 4/30/2007 11:25 PM GMT (TransWorldNews)
Equity Advisors, Inc., a Santa Cruz based mortgage company announced today a new report entitled "Everything You Need To Know About Mortgages", based on feedback from their refinancing & new purchase mortgage clients.
"Many consumers come to us & they don't know the first thing about how the home loan process works," stated Claudio Perez a Sales Associate with Equity Advisors. "It was clear that many of our customers had similar concerns that we could address in a report format that would answer their questions & give them proactive steps on how to ensure they are getting the best loan product, no matter what lender they use."
This resourceful report includes:
How your credit score affects your monthlyt mortgage payment.
Education on the factors determining your credit score.
Do-It-Yourself credit repair tips to increase your score.
A short background on the "History Of The Mortgage Industry"
The advantages of working with a broker, as opposed to going directly to the bank.
Brief descriptions of different types of mortgages & payment options.
A general overview of the 'Home Loan Process'
Equity Advisors is also making the report available to Real Estate Agents & other professionals interested in insider information on how the home loan process works.
To request a copy call: 1-877-438-3789 or e-mail us at: info@equity-advisors.com. Equity Advisors, Inc. goal is to educated our clients, evaluate their short & long term financial goas & empower them to make the best decision when choosing a home loan.
About Equity Advisors
Equity Advisors, Inc. is a premier mortgage broker located in Santa Cruz County. We are a California based residential mortgage company that helps our clients achieve their financial goals through real estate equity management. We can be reached at: www.equity-advisors.com
Contact: Robin West, Equity Advisors, Inc. (831) 466-2130.
Based On Vital Consumer Feedback
Santa Cruz, CA. 4/30/2007 11:25 PM GMT (TransWorldNews)
Equity Advisors, Inc., a Santa Cruz based mortgage company announced today a new report entitled "Everything You Need To Know About Mortgages", based on feedback from their refinancing & new purchase mortgage clients.
"Many consumers come to us & they don't know the first thing about how the home loan process works," stated Claudio Perez a Sales Associate with Equity Advisors. "It was clear that many of our customers had similar concerns that we could address in a report format that would answer their questions & give them proactive steps on how to ensure they are getting the best loan product, no matter what lender they use."
This resourceful report includes:
How your credit score affects your monthlyt mortgage payment.
Education on the factors determining your credit score.
Do-It-Yourself credit repair tips to increase your score.
A short background on the "History Of The Mortgage Industry"
The advantages of working with a broker, as opposed to going directly to the bank.
Brief descriptions of different types of mortgages & payment options.
A general overview of the 'Home Loan Process'
Equity Advisors is also making the report available to Real Estate Agents & other professionals interested in insider information on how the home loan process works.
To request a copy call: 1-877-438-3789 or e-mail us at: info@equity-advisors.com. Equity Advisors, Inc. goal is to educated our clients, evaluate their short & long term financial goas & empower them to make the best decision when choosing a home loan.
About Equity Advisors
Equity Advisors, Inc. is a premier mortgage broker located in Santa Cruz County. We are a California based residential mortgage company that helps our clients achieve their financial goals through real estate equity management. We can be reached at: www.equity-advisors.com
Contact: Robin West, Equity Advisors, Inc. (831) 466-2130.
Friday, May 4, 2007
Flat Fee MLS
Flat Fee MLS
Flat Fee MLS is a service that is exclusively provided by licensed Realtors. Essentially a licensed Real Estate agent agrees to “list” your For Sale by Owner (FSBO) property in the MLS for a “Flat Fee” instead of the typical commission fee for which payment of is contingent on the successful sale of your property. With a “Flat Fee MLS” listing you pay the fee (usually between $399 and $699) upfront. Flat Fee MLS is specific to FSBO properties and exposes your property to a Realtor’s most valuable sales and marketing tool. Imagine exposing your FSBO property to the 2 million strong, professional Realtor sales force and the 7 million monthly searches on Realtor.com. Additonally, a Flat Rate MLS listing usually includes insertion into the Internet Data Exchange (IDX) program. Therefore, your property is also advertised on hundreds of websites of local brokers, agents and other IDX sites.
Within a Flat Fee MLS listing environment the homeowner sets the commission fee that they are willing to pay to a “Buyers Agent” – this fee is typically (2 to 3%). It is important to note that “Buyers Agents” are provided what you are willing to pay and may be influenced by the fee. Buyer’s Agents typically earn 2.5 or 3% so keep that in mind when setting that fee – you don’t want to handicap your listing by offering too low of a commission fee. Flat Fee MLS listing are for a period of 6 months. There are different “geographical” levels offered through Flat Rate MLS, you can purchase a “County” level or “National” level. The primary difference between the two is geographical exposure and price. There are approximately 500 geographically categorized MLS “areas”. A national level Flat Fee MLS exposes your property to all MLS “areas” and related property searches, and as previously mentioned, costs between $399 and $699. A “County” level MLS is specific to the local County MLS that the property is located and may cost as little as $199 – your listing will only show up on the County level MLS. A common misconception is that the MLS is owned and operated by the National Association of Realtors (NAR) – it is actually owned and operated by a small group of Realtors in each geographical area that had the foresight to recognize the value of a central repository of properties listed for sale.
In a Flat Fee MLS environment the home/property owner essentially becomes the “Listing Agent” – most Flat Fee MLS providers have a phone system that routes prospective buyer enquiries (based on MLS number) directly to the homeowner. Realtors have direct access to the homeowners contact information and will contact and set up appointments directly with the property owner. The homeowner is responsible for setting up showings, answering the potential Buyer Agents questions and all advertising (signage, classified, Open Houses, etc). Another advantage of a Flat Fee MLS listing is that showings that are initiated by/through a Buyer Agent are handled by a licensed real estate agent.
As with all property sales it is important that it is competitively priced. This is equally or more important with a Flat Fee MLS listing because you only have 6 months exposure. If you overprice your home it will draw limited or no attention. That said, I believe that a Certified Appraisal (usually $39 - $50) should be part of your Flat Fee MLS marketing plan.
The bottom line is this; the success rate of a “true” FSBO (no Realtor, no fee) is in the 14% range. Statistics show that 75% to 80% of all existing property sales are listed on and through the MLS. There are no statistics when it comes to Flat Fee MLS because the sales are lumped in with the NAR “Existing Home Sale” statistics. It is speculated that FSBO’s that use Flat Fee MLS are 3 times more likely to sell their property. When a “Buyer’s Agent” searches the MLS (this is what they do virtually 100% of the time) to find prospective homes based on their clients requirements your property is listed and viewable. It simply becomes another property to show their client that they are going to be paid between (2% and 3%) if they buy. They don’t care if it is an FSBO or Realtor listed home – they show it, handle negotiations and close the sale. You save between 2.5% and 3% - based on the average resale of $280,000 you save $8400.00 – that is a significant amount of money when you consider the fact that it is “after tax” $$$$ and you have increased the odds of selling the property considerably. Another thing to consider is that you still reserve the right to sell your home yourself, even if/when the buyer comes to you via Realtor.com, and realize a full commission savings – but the buyer cannot come to you through a Realtor.
Flat Fee MLS is a service that is exclusively provided by licensed Realtors. Essentially a licensed Real Estate agent agrees to “list” your For Sale by Owner (FSBO) property in the MLS for a “Flat Fee” instead of the typical commission fee for which payment of is contingent on the successful sale of your property. With a “Flat Fee MLS” listing you pay the fee (usually between $399 and $699) upfront. Flat Fee MLS is specific to FSBO properties and exposes your property to a Realtor’s most valuable sales and marketing tool. Imagine exposing your FSBO property to the 2 million strong, professional Realtor sales force and the 7 million monthly searches on Realtor.com. Additonally, a Flat Rate MLS listing usually includes insertion into the Internet Data Exchange (IDX) program. Therefore, your property is also advertised on hundreds of websites of local brokers, agents and other IDX sites.
Within a Flat Fee MLS listing environment the homeowner sets the commission fee that they are willing to pay to a “Buyers Agent” – this fee is typically (2 to 3%). It is important to note that “Buyers Agents” are provided what you are willing to pay and may be influenced by the fee. Buyer’s Agents typically earn 2.5 or 3% so keep that in mind when setting that fee – you don’t want to handicap your listing by offering too low of a commission fee. Flat Fee MLS listing are for a period of 6 months. There are different “geographical” levels offered through Flat Rate MLS, you can purchase a “County” level or “National” level. The primary difference between the two is geographical exposure and price. There are approximately 500 geographically categorized MLS “areas”. A national level Flat Fee MLS exposes your property to all MLS “areas” and related property searches, and as previously mentioned, costs between $399 and $699. A “County” level MLS is specific to the local County MLS that the property is located and may cost as little as $199 – your listing will only show up on the County level MLS. A common misconception is that the MLS is owned and operated by the National Association of Realtors (NAR) – it is actually owned and operated by a small group of Realtors in each geographical area that had the foresight to recognize the value of a central repository of properties listed for sale.
In a Flat Fee MLS environment the home/property owner essentially becomes the “Listing Agent” – most Flat Fee MLS providers have a phone system that routes prospective buyer enquiries (based on MLS number) directly to the homeowner. Realtors have direct access to the homeowners contact information and will contact and set up appointments directly with the property owner. The homeowner is responsible for setting up showings, answering the potential Buyer Agents questions and all advertising (signage, classified, Open Houses, etc). Another advantage of a Flat Fee MLS listing is that showings that are initiated by/through a Buyer Agent are handled by a licensed real estate agent.
As with all property sales it is important that it is competitively priced. This is equally or more important with a Flat Fee MLS listing because you only have 6 months exposure. If you overprice your home it will draw limited or no attention. That said, I believe that a Certified Appraisal (usually $39 - $50) should be part of your Flat Fee MLS marketing plan.
The bottom line is this; the success rate of a “true” FSBO (no Realtor, no fee) is in the 14% range. Statistics show that 75% to 80% of all existing property sales are listed on and through the MLS. There are no statistics when it comes to Flat Fee MLS because the sales are lumped in with the NAR “Existing Home Sale” statistics. It is speculated that FSBO’s that use Flat Fee MLS are 3 times more likely to sell their property. When a “Buyer’s Agent” searches the MLS (this is what they do virtually 100% of the time) to find prospective homes based on their clients requirements your property is listed and viewable. It simply becomes another property to show their client that they are going to be paid between (2% and 3%) if they buy. They don’t care if it is an FSBO or Realtor listed home – they show it, handle negotiations and close the sale. You save between 2.5% and 3% - based on the average resale of $280,000 you save $8400.00 – that is a significant amount of money when you consider the fact that it is “after tax” $$$$ and you have increased the odds of selling the property considerably. Another thing to consider is that you still reserve the right to sell your home yourself, even if/when the buyer comes to you via Realtor.com, and realize a full commission savings – but the buyer cannot come to you through a Realtor.
Thursday, May 3, 2007
Online Real Estate Industry Advisory- Email Scam Alert
Online Real Estate Industry Advisory- Email Scam Alert
By Mark Camphaug
Be aware of a recently identified email based scam that seems to have leveled its interest at the online real estate industry. At this point we don’t know weather it is a relatively innocent attempt to gather personal information, identity theft or if the ultimate plan is significantly more sinister.
These individuals go through online listings and express interest on a property listed for sale. The first inquiry is pretty standard and innocent. Something like – “Hello Seller, We are interested in buying your property. Get back to us via e-mail if still available. Have a wonderful weekend.” or “Hello Seller, We are very interested in your property placed for sale. Get back if still available for us. Have a nice day”.
The follow up email gets considerably more specific, and has a series of numbered questions – some are real estate related, others are significantly more personal.
Here is a series of questions by the bogus buyer as pulled from an actual follow up email - Questions 7, 8, 9 and 10 are particularly troubling and invasive.
1. Whats the firm price?
2. Is the property originally painted?
3. What major repairs has been done?
4. How the property has been maintained.
5. Any records available?
6. How many owners?
7. Insurance certificate if any?
8. When did you buy the property and why do you want to sell it?
9. Are you a US citizen?
10. The property and the ownership is on whose name?
Even after refusing to provide answers to questions 7, 8, 9 and 10 the scam continues….
Rev Martins Hord wrote:
Greetings!
We had accepted your price which is 218,900.we will be making a deposit of $40,000 to you for the property. We had made out a certified check of $40,000 then the balance of $10,000 is for our broker for his trip to your states for property inspection and other necessary renovation and welfare. So you're required to deduct the deposit of $30,000 and send the balance of $10,000 to my friend who is presently in united state and he is also a broker that based in United Kingdom via money gram money transfer to enable him offset other necessary arrangements. I told me everything regarding the property and he has promised to help me. Once the broker meets you and inspects the property. Your remaining balance will made available for you.
Just consider the property under contract for now and hold on for the arrival of the broker. You are advise to confirm this listed information stated below for the delivery of your payment via courier service mail to your address
Legal Name:
Address:
Cell Phone Number:
Home Number:
It is required for check payment to be delivered direct to you; this is for security reasons, again that I am paying directly to you in person and for easy communication b/w both of you.
Regards, Rev Martins
Did you spot the “RED FLAGS”?
How to avoid this particular and other related email scams…
1. Do not, under any circumstances, hand out personal information – it is not necessary until closing.
2. Insist on speaking directly – most of these types of scams are exclusive to email.
3. Understand that 99.9% of residential buyers are going to personally view a property before they start talking money let alone make a full asking price offer.
4. Beware of “Overseas” buyers – email addresses are usually not USA based and most of these scams are based overseas to avoid persecution in USA.
5. Most Importantly - remember the old adage – if it sounds too good to be true – it likely is!
What to do if you feel you are being victimized:
Go to http://www.ic3.gov/complaint and file a complaint Contact your ISP and block senders email address
Mark Camphaug is currently President of FreeFSBO.com and it’s parent Martcam LLC. FreeFSBO.com is a For Sale by Owner (FSBO) website that offers a free online listing and free real estate lawn sign to prospective FSBO home sellers. In addition to spending the last 6 years as Vice President of one of the world’s largest and most successful Interactive Marketing Agencies where he specialized in all aspects of internet marketing, including SEO, PPC, Email and Affiliate marketing Camphaug also spent 12 years in the competitive new home industry, duties included sales, marketing and client relationship management.
Article Source: http://EzineArticles.com/?expert=Mark_Camphaug
By Mark Camphaug
Be aware of a recently identified email based scam that seems to have leveled its interest at the online real estate industry. At this point we don’t know weather it is a relatively innocent attempt to gather personal information, identity theft or if the ultimate plan is significantly more sinister.
These individuals go through online listings and express interest on a property listed for sale. The first inquiry is pretty standard and innocent. Something like – “Hello Seller, We are interested in buying your property. Get back to us via e-mail if still available. Have a wonderful weekend.” or “Hello Seller, We are very interested in your property placed for sale. Get back if still available for us. Have a nice day”.
The follow up email gets considerably more specific, and has a series of numbered questions – some are real estate related, others are significantly more personal.
Here is a series of questions by the bogus buyer as pulled from an actual follow up email - Questions 7, 8, 9 and 10 are particularly troubling and invasive.
1. Whats the firm price?
2. Is the property originally painted?
3. What major repairs has been done?
4. How the property has been maintained.
5. Any records available?
6. How many owners?
7. Insurance certificate if any?
8. When did you buy the property and why do you want to sell it?
9. Are you a US citizen?
10. The property and the ownership is on whose name?
Even after refusing to provide answers to questions 7, 8, 9 and 10 the scam continues….
Rev Martins Hord wrote:
Greetings!
We had accepted your price which is 218,900.we will be making a deposit of $40,000 to you for the property. We had made out a certified check of $40,000 then the balance of $10,000 is for our broker for his trip to your states for property inspection and other necessary renovation and welfare. So you're required to deduct the deposit of $30,000 and send the balance of $10,000 to my friend who is presently in united state and he is also a broker that based in United Kingdom via money gram money transfer to enable him offset other necessary arrangements. I told me everything regarding the property and he has promised to help me. Once the broker meets you and inspects the property. Your remaining balance will made available for you.
Just consider the property under contract for now and hold on for the arrival of the broker. You are advise to confirm this listed information stated below for the delivery of your payment via courier service mail to your address
Legal Name:
Address:
Cell Phone Number:
Home Number:
It is required for check payment to be delivered direct to you; this is for security reasons, again that I am paying directly to you in person and for easy communication b/w both of you.
Regards, Rev Martins
Did you spot the “RED FLAGS”?
How to avoid this particular and other related email scams…
1. Do not, under any circumstances, hand out personal information – it is not necessary until closing.
2. Insist on speaking directly – most of these types of scams are exclusive to email.
3. Understand that 99.9% of residential buyers are going to personally view a property before they start talking money let alone make a full asking price offer.
4. Beware of “Overseas” buyers – email addresses are usually not USA based and most of these scams are based overseas to avoid persecution in USA.
5. Most Importantly - remember the old adage – if it sounds too good to be true – it likely is!
What to do if you feel you are being victimized:
Go to http://www.ic3.gov/complaint and file a complaint Contact your ISP and block senders email address
Mark Camphaug is currently President of FreeFSBO.com and it’s parent Martcam LLC. FreeFSBO.com is a For Sale by Owner (FSBO) website that offers a free online listing and free real estate lawn sign to prospective FSBO home sellers. In addition to spending the last 6 years as Vice President of one of the world’s largest and most successful Interactive Marketing Agencies where he specialized in all aspects of internet marketing, including SEO, PPC, Email and Affiliate marketing Camphaug also spent 12 years in the competitive new home industry, duties included sales, marketing and client relationship management.
Article Source: http://EzineArticles.com/?expert=Mark_Camphaug
FSBO vs Realtor
FSBO vs. Realtor
By Mark Camphaug
Should you, as a homeowner, looking to sell your home, consider selling the property yourself or take the conventional route and engage a Realtor? That is the preverbal $64,000 question – or if you use the national average sale price of existing homes of $268,000 – the $16,000 question. Based on pure value, this is a question that really should at least merit consideration.
Obviously For Sale by Owner (FSBO) is not for everyone. I really don’t know why that statement has to be made – NOTHING (with the exception of air and water) is for everyone. Now back to the point at hand.
Why should you consider FSBO:
First and foremost – you save money – simple statement to make. How do you save money? You don’t pay the typical 6% real estate commission associated with a real estate brokered listing and sale. This isn’t just any money - it is your tax free (usually) home equity. Money that you have ultimately earned either through appreciation, home improvement, sweat equity or savvy real estate investment. Anyway you slice it, it’s YOUR money. It is often said buying a home is the single most important and largest purchase of an individual’s life. Does it not stand to reason that selling a home represents the single most important “Sale” of an individual’s life? The National Association of Realtors will tell you that FSBO homes sell for 16% less then Realtor sales. The problem with their calculations is they use a flawed formula to support their argument - they use a MEDIAN price as opposed to an AVERAGE price. The median is a “middle number” in a series of numbers - the average is a sum of all numbers divided by the total number – which is what as a homeowner cares about.
Another consideration is that an FSBO can take all or part of the real estate commission savings and deduct it from the price of their home to expedite a sale. This works great in a “soft” market or if you simply have to sell your home in a limited amount of time. Consider this example (I have used this unlikely scenario purely to make my point). You own a 1300 Sq ft - 2 bedroom/2 bathroom condo. Your adjacent neighbor has the exact same unit with the same level of finish and has listed it with a Realtor for $485,000. Calculate the 6% real estate commission in to the equation and best case your neighbor walks away with $455,900 – that leaves you with $29,100 to negotiate. If I’m a buyer and I see the exact same condo next door for $30K less I can tell you which one I am buying!!! To be honest, I’m going to buy it if I can save ANYTHING! This works very well if you bought in a strong real estate market and the market has now softened to the point that you actually paid more then you can sell it for. Selling FSBO may allow you to at least keep your head above water – remember we are talking 6% of the value of your property.
Another reason individuals consider FSBO is a bad experience with Realtors. Realtors are just like every other field – there are “good” Realtors and “bad” Realtors. Like many industries they have a self governed “Board” that they can be brought before and face punishment. That said Realtors also carry E&O and litigation insurance to protect both themselves and their clients.
Do you need a Realtor in a hot real estate market? I would say – no! If the homes on your street or neighborhood are selling within 2 -4 weeks of listing do you really think there is some hot shot realtor responsible for it – the market is responsible. It could be related to all sorts of things, including local economy, zoning, school system, new amenities, or a number of other factors but rarely, if ever, is it due to a Realtor. List your home FSBO – it will sell just as quickly and in the same price range
FSBO also offers a significant level of control, you control when and if showings or Open Houses occur. Personally I’m not sold on the value of Open Houses for FSBO’s – I know the value for Realtors and it is more often self serving then for the homeowners benefit. Realtors use an Open House to “troll” for leads. Chances are slim they will buy the house where they are conducting an Open House – but they are buying a house – and chances are they don’t have an agent if they are out at Open Houses.
Another advantage of selling FSBO is the simple fact that you know your house better then a Realtor. Buyers that are interested will ask very specific questions like what type of perennials are in garden or what the neighbors like. In fairness this can go the other way too; some homeowners do more harm then good – they cannot help themselves. I personally attest to this with listings at FreeFSBO.com that just seem to go on and on. It is important not to overwhelm a potential buyer to the point that they never want to risk exposing themselves to that situation (the homeowner) again.
Why you shouldn’t consider FSBO:
There are over 2 million licensed Realtors nationwide. Most are highly trained and experienced professionals. Can a single FSBO compete with this – maybe (14% of all existing home sales are FSBO).
Realtors may have clients that are looking for a property just like yours. That said, they will normally approach you if they do – they will ask if you are willing to cooperate and likely request that it be formalized and have you sign a document agreeing to pay their commission. Beware if they ask you to sign a listing agreement that is longer then 48 hours they may just be trying to grab your listing and the “buyer” may be fictitious – do not pay over 3%.
You simply may not have the time required to undertake an FSBO – for every four people that say they are coming to look at the property one will likely show up – get used to that fact. Don’t get your feelings hurt if someone doesn’t like your taste or property – that is just reality. If a potential buyer calls and wants to see your home at a moments notice you may have to drop what you are doing and rush home to show them your home. If you’re not prepared to deal with that then maybe FSBO isn’t for you.
You do not possess any sales or marketing skills. I know it’s not easy to admit, but if you are an introvert – forget it. Most successful Realtors are extroverts and spend countless hours attending social functions, clubs, associations, golf courses (sorry had to throw that in) to generate leads and contacts. They have usually taken countless sales training courses and most importantly, they know how to close a deal.
Multiple Listing Service (MLS) – this in my opinion is the single most important advantage that Realtors have over FSBO. The MLS is made up over approximately 500 individually owned and operated MLS organizations. It is essentially a nationwide repository of existing properties available for sale. It provides both realtors and buyers alike an opportunity to locate properties using a number of search criteria including, but not limited to, geographic location, size, price, bedrooms, bathrooms etc. There are two factors to consider here – one - you can buy a Flat Rate MLS at either a national or county level and take advantage of the marketing exposure that MLS provides – it will cost you in the range of $299 - $599 and an agreement to pay 2 - 3% to a selling agent if a Realtor sells your home. You do however maintain the right to sell your property yourself without paying a commission fee. As far as “quality” of exposure goes, I truly believe that an online FSBO listing is superior (in appearance and functionality) to an MLS or realtor listing. That said, no FSBO website enjoys the level of traffic and potential buyers offered by Realtor.com.
In conclusion, obviously undertaking a successful For Sale by Owner is not for everyone – we can all agree on that statement. Is it worth a try – definitely!
Mark Camphaug is currently President of FreeFSBO.com and it’s parent Martcam LLC. FreeFSBO.com (http://www.FreeFSBO.com) is a For Sale by Owner (FSBO) website that offers a free online listing and free real estate lawn sign to prospective FSBO home sellers. In addition to spending the last 6 years as Vice President of one of the world’s largest and most successful Interactive Marketing Agencies where he specialized in all aspects of internet marketing, including SEO, PPC, Email and Affiliate marketing Camphaug spent 12 years in the competitive new home industry, duties included sales, marketing and client relationship management.
Article Source: http://EzineArticles.com/?expert=Mark_Camphaug
By Mark Camphaug
Should you, as a homeowner, looking to sell your home, consider selling the property yourself or take the conventional route and engage a Realtor? That is the preverbal $64,000 question – or if you use the national average sale price of existing homes of $268,000 – the $16,000 question. Based on pure value, this is a question that really should at least merit consideration.
Obviously For Sale by Owner (FSBO) is not for everyone. I really don’t know why that statement has to be made – NOTHING (with the exception of air and water) is for everyone. Now back to the point at hand.
Why should you consider FSBO:
First and foremost – you save money – simple statement to make. How do you save money? You don’t pay the typical 6% real estate commission associated with a real estate brokered listing and sale. This isn’t just any money - it is your tax free (usually) home equity. Money that you have ultimately earned either through appreciation, home improvement, sweat equity or savvy real estate investment. Anyway you slice it, it’s YOUR money. It is often said buying a home is the single most important and largest purchase of an individual’s life. Does it not stand to reason that selling a home represents the single most important “Sale” of an individual’s life? The National Association of Realtors will tell you that FSBO homes sell for 16% less then Realtor sales. The problem with their calculations is they use a flawed formula to support their argument - they use a MEDIAN price as opposed to an AVERAGE price. The median is a “middle number” in a series of numbers - the average is a sum of all numbers divided by the total number – which is what as a homeowner cares about.
Another consideration is that an FSBO can take all or part of the real estate commission savings and deduct it from the price of their home to expedite a sale. This works great in a “soft” market or if you simply have to sell your home in a limited amount of time. Consider this example (I have used this unlikely scenario purely to make my point). You own a 1300 Sq ft - 2 bedroom/2 bathroom condo. Your adjacent neighbor has the exact same unit with the same level of finish and has listed it with a Realtor for $485,000. Calculate the 6% real estate commission in to the equation and best case your neighbor walks away with $455,900 – that leaves you with $29,100 to negotiate. If I’m a buyer and I see the exact same condo next door for $30K less I can tell you which one I am buying!!! To be honest, I’m going to buy it if I can save ANYTHING! This works very well if you bought in a strong real estate market and the market has now softened to the point that you actually paid more then you can sell it for. Selling FSBO may allow you to at least keep your head above water – remember we are talking 6% of the value of your property.
Another reason individuals consider FSBO is a bad experience with Realtors. Realtors are just like every other field – there are “good” Realtors and “bad” Realtors. Like many industries they have a self governed “Board” that they can be brought before and face punishment. That said Realtors also carry E&O and litigation insurance to protect both themselves and their clients.
Do you need a Realtor in a hot real estate market? I would say – no! If the homes on your street or neighborhood are selling within 2 -4 weeks of listing do you really think there is some hot shot realtor responsible for it – the market is responsible. It could be related to all sorts of things, including local economy, zoning, school system, new amenities, or a number of other factors but rarely, if ever, is it due to a Realtor. List your home FSBO – it will sell just as quickly and in the same price range
FSBO also offers a significant level of control, you control when and if showings or Open Houses occur. Personally I’m not sold on the value of Open Houses for FSBO’s – I know the value for Realtors and it is more often self serving then for the homeowners benefit. Realtors use an Open House to “troll” for leads. Chances are slim they will buy the house where they are conducting an Open House – but they are buying a house – and chances are they don’t have an agent if they are out at Open Houses.
Another advantage of selling FSBO is the simple fact that you know your house better then a Realtor. Buyers that are interested will ask very specific questions like what type of perennials are in garden or what the neighbors like. In fairness this can go the other way too; some homeowners do more harm then good – they cannot help themselves. I personally attest to this with listings at FreeFSBO.com that just seem to go on and on. It is important not to overwhelm a potential buyer to the point that they never want to risk exposing themselves to that situation (the homeowner) again.
Why you shouldn’t consider FSBO:
There are over 2 million licensed Realtors nationwide. Most are highly trained and experienced professionals. Can a single FSBO compete with this – maybe (14% of all existing home sales are FSBO).
Realtors may have clients that are looking for a property just like yours. That said, they will normally approach you if they do – they will ask if you are willing to cooperate and likely request that it be formalized and have you sign a document agreeing to pay their commission. Beware if they ask you to sign a listing agreement that is longer then 48 hours they may just be trying to grab your listing and the “buyer” may be fictitious – do not pay over 3%.
You simply may not have the time required to undertake an FSBO – for every four people that say they are coming to look at the property one will likely show up – get used to that fact. Don’t get your feelings hurt if someone doesn’t like your taste or property – that is just reality. If a potential buyer calls and wants to see your home at a moments notice you may have to drop what you are doing and rush home to show them your home. If you’re not prepared to deal with that then maybe FSBO isn’t for you.
You do not possess any sales or marketing skills. I know it’s not easy to admit, but if you are an introvert – forget it. Most successful Realtors are extroverts and spend countless hours attending social functions, clubs, associations, golf courses (sorry had to throw that in) to generate leads and contacts. They have usually taken countless sales training courses and most importantly, they know how to close a deal.
Multiple Listing Service (MLS) – this in my opinion is the single most important advantage that Realtors have over FSBO. The MLS is made up over approximately 500 individually owned and operated MLS organizations. It is essentially a nationwide repository of existing properties available for sale. It provides both realtors and buyers alike an opportunity to locate properties using a number of search criteria including, but not limited to, geographic location, size, price, bedrooms, bathrooms etc. There are two factors to consider here – one - you can buy a Flat Rate MLS at either a national or county level and take advantage of the marketing exposure that MLS provides – it will cost you in the range of $299 - $599 and an agreement to pay 2 - 3% to a selling agent if a Realtor sells your home. You do however maintain the right to sell your property yourself without paying a commission fee. As far as “quality” of exposure goes, I truly believe that an online FSBO listing is superior (in appearance and functionality) to an MLS or realtor listing. That said, no FSBO website enjoys the level of traffic and potential buyers offered by Realtor.com.
In conclusion, obviously undertaking a successful For Sale by Owner is not for everyone – we can all agree on that statement. Is it worth a try – definitely!
Mark Camphaug is currently President of FreeFSBO.com and it’s parent Martcam LLC. FreeFSBO.com (http://www.FreeFSBO.com) is a For Sale by Owner (FSBO) website that offers a free online listing and free real estate lawn sign to prospective FSBO home sellers. In addition to spending the last 6 years as Vice President of one of the world’s largest and most successful Interactive Marketing Agencies where he specialized in all aspects of internet marketing, including SEO, PPC, Email and Affiliate marketing Camphaug spent 12 years in the competitive new home industry, duties included sales, marketing and client relationship management.
Article Source: http://EzineArticles.com/?expert=Mark_Camphaug
Wednesday, May 2, 2007
Tips on FSBO for Home Sellers and Buyers
1. Home Staging Tips for Home Sellers
2. For Sale By Owner Marketing Tactics 101
3. The ABC's of For Sale by Owner
4. Thinking the Market Isn’t Right for FSBO Sellers?
5. A Secret To Real Estate Profits – Follow The Builder
6. Realty Check: Tricks of the Trade
- Countrywide Home Loans Offers Home Buying Tips to Gear up for Busiest Moving Month of the Year
- FSBO vs Realtor
- Flat Fee Multi Listing Service
- Helpful Hints To Help You Sell Your Own Home
- 3 Critical Legal Errors and How to Avoid Them - FSBO Sellers Beware!!
2. For Sale By Owner Marketing Tactics 101
3. The ABC's of For Sale by Owner
4. Thinking the Market Isn’t Right for FSBO Sellers?
5. A Secret To Real Estate Profits – Follow The Builder
6. Realty Check: Tricks of the Trade
- Countrywide Home Loans Offers Home Buying Tips to Gear up for Busiest Moving Month of the Year
- FSBO vs Realtor
- Flat Fee Multi Listing Service
- Helpful Hints To Help You Sell Your Own Home
- 3 Critical Legal Errors and How to Avoid Them - FSBO Sellers Beware!!
Tuesday, May 1, 2007
Home Staging Tips for Home Sellers
Home Staging Tips for Home Sellers
“Get Ready To Move — Start Packing”
Try looking at your house “THROUGH THE BUYER’S EYES” as though you’ve never seen it or been there before. Any time or money invested on the following will bring back more money in return, and hopefully a faster sale.
INSIDE:
1. Clear all unnecessary objects from furniture throughout the house. Keep decorative objects on the furniture restricted to groups of 1, 3, or 5 items.
2. Clear all unnecessary objects from the kitchen countertops. If it hasn’t been used for three months... put it away! Clear refrigerator fronts of messages, pictures, etc. (A sparse kitchen helps the buyer mentally move their own things into your kitchen.)
3. In the bathroom, remove any unnecessary items from countertops, tubs, shower stalls and commode tops. Keep only your most needed cosmetics, brushes, perfumes etc., in one small group on the counter. Coordinate towels to one or two colors only.
4. Rearrange or remove some of the furniture if necessary. As owners, many times we have too much furniture in a room. This is wonderful for our own personal enjoyment, but when it comes to selling we need to thin out as much as possible to make rooms appear larger.
5. Take down or rearrange certain pictures or objects on walls. Patch and paint if necessary.
6. Review the inside of the house room by room, and
- Paint any room needing paint.
- Clean carpets or drapes that need it.
- Clean windows.
7. If you need room to store extra possessions use the garage or rent a storage unit.
8. Leave on certain lights during the day. During “showings” turn on all lights and lamps.
9. Have stereo FM on during the day for all viewings.
OUTSIDE:
1. Go around the perimeter of the house and move all garbage cans, discarded wood scraps, extra building materials, etc., into the garage.
2. Check gutters for roof moss and dry rot. Make sure they are swept and cleaned.
3. Look at all plants... prune bushes and trees. Keep plants from blocking windows. “YOU CAN’T SELL A HOUSE IF YOU CAN’T SEE IT.” Plants are like children — they grow so fast!!
4. Weed and then mulch all planting areas. Keep lawn freshly cut and fertilized. Remove and dead plants or shrubs.
5. Clear patios or decks of all small items. such as small planters, flower pots, charcoal, barbecues, toys. etc. (Put them in the garage or a storage unit.)
6. Check paint condition of the house — especially the front door and trim. “CURB APPEAL REALLY WORKS!”
These guys have a pretty helpful site located at www.stagedhomes.com take a look...
“Get Ready To Move — Start Packing”
Try looking at your house “THROUGH THE BUYER’S EYES” as though you’ve never seen it or been there before. Any time or money invested on the following will bring back more money in return, and hopefully a faster sale.
INSIDE:
1. Clear all unnecessary objects from furniture throughout the house. Keep decorative objects on the furniture restricted to groups of 1, 3, or 5 items.
2. Clear all unnecessary objects from the kitchen countertops. If it hasn’t been used for three months... put it away! Clear refrigerator fronts of messages, pictures, etc. (A sparse kitchen helps the buyer mentally move their own things into your kitchen.)
3. In the bathroom, remove any unnecessary items from countertops, tubs, shower stalls and commode tops. Keep only your most needed cosmetics, brushes, perfumes etc., in one small group on the counter. Coordinate towels to one or two colors only.
4. Rearrange or remove some of the furniture if necessary. As owners, many times we have too much furniture in a room. This is wonderful for our own personal enjoyment, but when it comes to selling we need to thin out as much as possible to make rooms appear larger.
5. Take down or rearrange certain pictures or objects on walls. Patch and paint if necessary.
6. Review the inside of the house room by room, and
- Paint any room needing paint.
- Clean carpets or drapes that need it.
- Clean windows.
7. If you need room to store extra possessions use the garage or rent a storage unit.
8. Leave on certain lights during the day. During “showings” turn on all lights and lamps.
9. Have stereo FM on during the day for all viewings.
OUTSIDE:
1. Go around the perimeter of the house and move all garbage cans, discarded wood scraps, extra building materials, etc., into the garage.
2. Check gutters for roof moss and dry rot. Make sure they are swept and cleaned.
3. Look at all plants... prune bushes and trees. Keep plants from blocking windows. “YOU CAN’T SELL A HOUSE IF YOU CAN’T SEE IT.” Plants are like children — they grow so fast!!
4. Weed and then mulch all planting areas. Keep lawn freshly cut and fertilized. Remove and dead plants or shrubs.
5. Clear patios or decks of all small items. such as small planters, flower pots, charcoal, barbecues, toys. etc. (Put them in the garage or a storage unit.)
6. Check paint condition of the house — especially the front door and trim. “CURB APPEAL REALLY WORKS!”
These guys have a pretty helpful site located at www.stagedhomes.com take a look...
Subscribe to:
Posts (Atom)
