Seller’s Tips and Checklist

Tips for Sellers

The Right Selling Price Affects Your Bottom Line
When you’re selling your home, the price you set is a critical factor in the return you’ll receive. That’s why you need a professional evaluation from an experienced realtor. This person can provide you with an honest assessment of your home, based on several factors including:

  • Market conditions
  •  Condition of your home
  •  Repairs or improvements
  •  Time frame

In real estate terms, market value is the price at which a particular house, in its current condition, will sell within 30 to 90 days.

If the price of your home is too high, several things could happen:

  • Limits buyers. Potential buyers may not view your home, because it would be out of their buying range.
  •  Limits showings. Other salespeople may be less reluctant to view your home.
  •  Used as leverage. Other realtors may use this home to sell against homes that are better priced.
  •  Extended stay on the market. When a home is on the market too long, it may be perceived as defective. Buyers may wonder, “what’s wrong,” or “why hasn’t this sold?”
  •  Lower price. An overpriced home, still on the market beyond the average selling time, could lead a lower selling price. To sell it, you will have to reduce the price, sometimes, several times. In the end, you’ll probably get less than if it had been properly priced at the start.
  •  Wasted time and energy. A bank appraisal is most often required to finance a home.

Realtors have known it for years – Well-kept homes, properly priced in the beginning always get you the fast sale for the best price! And that’s why you need a professional to assist you in the selling of your home.

 

Seller’s Checklist

TIPS FOR SELLERS: Sellers Checklist

Planning to sell your home or property? Here are some checklist that may be helpful for you as you consider selling your home or property.

  1. Know how much your property is worth. If you have no idea, you may hire a Licensed Appraiser to help you in determining the current market value of your property. Having it appraised will guide you to the prevailing market price within the neighborhood.
  2. Choose the right licensed Real Estate Broker to represent you. Check the credentials and experience and as much as possible, his/her familiarity in the neighborhood where your property is located.
  3. Make sure all your documents (TCT or CCT, Tax Declaration, Realty tax receipts) are in order so that when the right buyer comes to offer, it is readily available. Brokers will require a copy of the documents so make it a point that there is a photocopy available
  4. Carefully look at the Authority to sell provided by the Licensed RE Broker as to rate of commission if the agreed selling price is met, including instructions on showing appointments and documentations in case the sale is closed. Discuss also how they will advertise your property and if sale sign outside or in front of the property.

 

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