Are you thinking about selling your home in Thorncliffe Park? Have you been thinking of selling it by yourself instead of hiring a real estate agent? There are several advantages of selling your home yourself, but there are disadvantages as well. To make it easier for you to make a decision find the most important pros and cons below.
The most important PRO for selling your home yourself in Thorncliffe Park is MONEY. Selling your home without the help of an agent means more Money in your pocket! By selling it yourself you save the commissions and fees. – We are not talking about pennys, we are talking about THOUSANDS of dollars which you would have to pay an agent. Another advantage is that you are able to decide the times for open houses and showings. It is also completely up to you where and when you want to advertise. Unlike a real estate agent who is selling many houses, you can focus on YOUR house, because you are only selling your own house. It is obvious that you will have more interest in the sale than an agent.
How to Find the Best Thorncliffe Park,Toronto Based Condo Rental ?
There are a large number of house buying companies all across the country that advertise as wanting buy houses in "as is" condition, in addition to being able to pay cash for them and close much faster than a conventional buyer. So why would you want to contact one of these companies in your area if you have a challenging house to sell? Also isn't it true that those types of companies just want to try and rip you off? These are two very important questions that I'm sure you have asked yourself if you have a fixer type house to sell that may not be best suited for the retail market in its present condition. For the remainder of this article I am going to address these important questions and more in order to help you better understand why these "We Buy Houses" companies exist and how you may be able to utilize the services they provide in your area.
If you happen to be in a situation where you need to sell a house that is in dyer need of major updating and/or some renovation and repair you can be sure that the traditional way of selling a house will be a bumpy ride for you. When people have a "pretty house" to sell they generally call their local realtor, have them come up with a list price that is supported by comparable properties and they list the house for sale on the RMLS realtor network. The hope is that other realtors will see the property and have a buyer for it, then soon thereafter you will be presented with an acceptable offer for the property and you will be on your way to a hassle free closing. Although no real estate sale is that easy these days, that is the general process for houses that don't need and major updating or repair.
So how do you know which "We Buy Houses" company to call to get the best deal? This is a great question and one that I'm sure you have asked yourself at some point. Make sure to do some research on the company ahead of time to see if they have a website, vanity phone number and anything else that makes them look like they are running a real organized business. Also make sure to ask if you can see pictures of some of there previous renovation projects, that way you know you are dealing with an actual rehabber and not just a real estate wholesaler who will be looking to sell the property to a rehabber for a profit. For my house buying company we actually built an entire website around showcasing all of our renovation projects, and I always share it with every seller that we meet with so that they can check it out in order to see what we are capable of. If you are able to find a quality "We Buy Houses" company in your area I would absolutely suggest selling your fixer property to them if you feel that the price they offer you is fair based on the amount of repairs that are needed. Just remember that there will need to be a profit in the deal for whoever buys your property, otherwise it will just sit on the market until you lower the price to a point where it makes sense to take the risk of purchasing it. I hope you enjoyed this article and found the information useful when it comes to selling a house in need of renovation and repair.
Selling Your Home - Repairs That Help to Sell Your Home
1. The Appearance and Condition of your Property
When you prepare your home to show to buyers, remember that the decision to buy a home is more emotional than logical. Every buyer has a different definition of what a "Dream Home" is. Realistically, your home can't possibly appeal to every buyer's tastes. But how prepared are you really? Does your home inspire prospective buyers? Have you prepared every room with the goal of leaving a lasting positive impression? How much attention have you paid to creating ambiance? For example, when a buyer stands in your kitchen, will she be warmed by the thought of having her first cup of coffee at the kitchen table every morning? Does the decor in the master bedroom exude feelings of comfort and relaxation? You must make every possible effort to make your home inviting and appealing, and that means covering all the bases:
- Take care of any general repairs that need to be done.
- Clear away unnecessary clutter. Every room should look well-ordered and neat.
- Keep your home immaculately clean while it's listed and being shown. Everything should be clean, from the shelves to the carpets and furniture. While you may no longer notice the wine stain on the rug, it will probably be the first thing a potential buyer sees when she walks into the room.
- Increase the brightness and cheerfulness by opening curtains, turning on lights, putting out flowers, and playing pleasant background music.
- Pay attention to the exterior of the house too. Concentrate on the "drive-up appeal" of your home. What impression will a potential buyer get when s/he pulls into the driveway for the first time? The lawn should be well-groomed as long as there is a "For Sale" sign in front, and the rest of the property must be kept tidy as well.
- Determine if your property is in need of any major decorating or renovation. If the exterior looks faded and needs a fresh coat of paint, for example, consider taking care of this yourself instead offering a 'repair allowance' to prospective buyers. Do not leave such changes to their imagination: if they are looking at faded walls, chances are their less-than-favourable impression of your house will be evident in the price they might be willing to pay for it. In the long run, you'll be much better off if you check these projects off the list before you show your home. A house that shows well and offers a lasting positive impression will sell for the best price because it goes a step beyond what the competition has to offer. Ask your agent to put together a no-obligation examination of your home to assist you in identifying the factors discussed above.
4. Operate as a Team
Good communication between you and your realtor is essential. Your realtor should listen carefully to your needs and goals and be able to translate them into an active, effective home-selling strategy. Once this strategy is put into play, you should receive timely and detailed feedback on the status of the sale. Your realtor should be actively involved in every showing, and should speak to agents who have shown your home, and relay their information to you. You should be able to work together to build an effective strategy and alter the course if necessary. Evaluate the relationship you had with your previous realtor when your home was first on the market. Did you feel as though they were genuinely involved every step of the way? Were you provided with the information you needed to be well informed about the progress of the sales effort? Did your realtor listen to your wishes and concerns and act upon them in the best possible way?
We've provided some information in this report that can help you understand why you weren't successful in selling your home the first time. Evaluate the look and ambiance of your home as objectively as possible and do what's necessary to evoke a pleasant emotional response from potential buyers. Spruce up as much as you can, inside and out. Do some research to learn about the competition and market prices. And take extra time to select a realtor that will work hard to market and sell your home for the best possible price.