We are Selling our First House?

“We have 2 CMA’s scheduled on Thursday to value the house and then we’ll decide who we want to go with. What do we do after that; can we put the house up for sale that day? Do we then have to find a solicitor that day? I have arranged to go and see a house that I’ve fallen in love with on Sunday, but if we want to make an offer can we do it that early given that we won’t of sold ours yet? And would we have the right to ask them to take theirs off the market if they accept our offer? I’m just a bit unsure of it all as I’ve never sold a house before. If you could give me some guidance I’d really appreciate it. Thanks.

-Sally”

Selling Your First Home

Selling Your First House?

Don’t just take the highest CMA price presented to you right away; they’re just after your home as a listing. You need to be shown comparable homes in your market, to justify thier potiential price. During each of the agent’s presentations, take note at what homes are listed at and what price they sold for.

When choosing a Real Estate Agent, I suggest asking them a set list of standard questions to be fair too each. You can add more by here are 5 Common Questions Asked of a Real Estate Agent:

1. How Long Have You Been in the Business?

2. What is Your Average List-Price-to-Sales-Price Ratio?

3. What is Your Best Marketing Plan or Strategy for My Needs?

4. May I Review Documents Beforehand That I Will Be Asked to Sign?

5. How Much Do You Charge?

Your going need to feel comfortable with an agent as a person, and not be blinded by their presentation and/or real estate brokerage. When it come to the price you want to sell your home for, its not the agent whom makes the Listing Price of your Home, it is you the seller. When settling on a listing price, you need to evaluate what the market is give comparable homes in your area. If you have an unrealistic price in mind, you will be wasting your time, and the time of your real estate agent.

Most listing agreements are standard documents, among brokerages. If the Real Estate Brokerage is a creditable in your area, you can feel comfortable signing the agreement on the spot. There really isn’t a need to have a lawyer look it over, because you’ll just be wasting your money.

When putting an offer on another home your agent will be able to add a contingency to your offer, which will state that, you need to sell your home before you can close. If the homeowner accepts your offer, they are agreeing to take it off the MLS and sell too you. They could set a time table for your home to sell, allowing them to take someone else’s offer.

Hope this helps ease your jitters.

Good Luck Sally

If you know anyone in my area of Staten Island, New York that is in need of a good real estate agent, feel free to have him or her contact us as well.

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