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Response: 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 right away; they’re just after your listing. They need to show you comparable homes in your market. During the each of the agent’s presentation, take note at what homes are listed at and what price they sell for.

When choosing a Real Estate Agent, I suggest asking them a set list of 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?

You need to feel comfortable with the agent as a person, and not be blinded by their presentation and/or real estate brokerage. Its not the agent whom makes the Listing Price of your Home, it you the seller. When settling on a listing price, you need to evaluate what the market will give you. If you have an unfair price in mind, you will be wasting the time of the real estate agent as well as your own.

Most listing agreements are will be similar too every other one. If the Real Estate Brokerage is a creditable one in your market, you can feel comfortable signing the agreement on the spot. There really isn’t a need to have a lawyer look at it, 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 they are agreeing to take it off the market. They could get 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 need any more help feel free to Contact Us again.

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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