Cheap Apartments in Rockcliffe-Smythe

Are you thinking about selling your home in Rockcliffe-Smythe? 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.

Housing

The most important PRO for selling your home yourself inĀ Rockcliffe-Smythe 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.

Rental Properties

How to Find the Best Rockcliffe-Smythe,Toronto Based Apartment Vs Condo ?

When you're flipping houses (aka wholesaling), aside from finding a motivated seller with equity, the most important piece of the puzzle is the ability to find buyers. Here's a strategy that will show you how to sell a fixer upper (that you currently have under contract) THIS weekend!

This will work if you've got a property under contract that you need to wholesale OR if you've got a fixer upper you've already closed on and you simply need to find a buyer fast. In either case, we're going to assume that you've got to find a buyer, and you've got to find a buyer FAST!

One of the most successful ways to flip a house is to hold an "event". This type of event is going to be a little different and is targeted towards investor buyers with cash. What we're talking about here is a "flipping houses" bus tour, and here's how to put it together:

1. Find a "Preferred" Partner to host the event.

You're going to want to find a Realtor or mortgage broker whose office is within 5 miles of your property and who has access to a small meeting space or conference room. Ideally, you will have both a Realtor AND a mortgage broker as a part of this team. Better yet, you'll have a Realtor with properties that are ideal candidates for your buyer prospects. Since time is of the essence, you'll need to move quickly, so try and secure the location and partners on a Monday (if you're holding this event on a Saturday).

If you have enough people register for the event, you may consider renting a small bus or a minivan, but in most cases, a caravan will serve the purpose. The only benefit of a bus or minivan is that you control the situation and people can't leave in the middle.

6. Recap.

Once you've visited all 5 properties, return back to the location to go over any questions and write up contracts. You, your Realtor and your mortgage broker can work together to make sure that any offers people want to place are submitted and that they can actually close if the offer gets accepted. This is CRITICAL when you're flipping houses

7. Follow up.

Again, the follow up is crucial. You will want to touch base with each attendee the following day to get any additional offers, write up contracts, or add to your buyers' list for the future. Remember, your ultimate goal is to sell this particular house, but if you find that people are ready, will and able to buy another type of property, go out and find what they're looking for. Flipping houses is simple if you just realize it's a matter of finding the properties the buyers want to buy!

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Real Estate Internet Marketing

Most people understand that a Buyers Agent is the agent that represents a buyer through a real estate transaction and the Sellers Agent represents the Seller during the transaction. Often, buyers do not understand exactly what "Limited Agency" (sometimes referred to as Dual Agency) is and how it will impact their sale or purchase. In Utah, the exact definition of Limited Agency taken directly off a Limited Agency Consent Agreement from Utah Association of REALTORS® reads:

"A Limited Agent represents both seller and buyer in the same transaction and works to assist in negotiating a mutually acceptable transaction. A Limited Agent has fiduciary duties to both seller and buyer. However, those duties are "limited" because the agent cannot provide to both parties undivided loyalty, full confidentiality and full disclosure of all information known to the agent. For this reason, a Limited Agent must remain neutral in the representation of a seller and buyer, and may not disclose to either party information likely to weaken the bargaining position of the other; such as, the highest price the buyer will pay or the lowest price the seller will accept. A Limited Agent must, however, disclose to both parties material information known to the Limited Agent regarding a defect in the Property and/or the ability of each party to fulfill agreed upon obligations, and must disclose information given to the Limited Agent in confidence, by either party, if the failure to disclose would be a material misrepresentation regarding the Property."

Many clients often point out the fact that the Agent will be making double the commission. This should not be a consideration for either party involved in Limited Agency. You must remember this agent will make commission on their listing no matter WHO sells it, and if the Agent is already working with the buyer, then anything the buyer purchases the Agent will make commission on that as well. Essentially any deal could be a "double commission" when an agent works with both buyers and sellers independently. So it is unfair to make the Agents commission a factor or a negotiation tool, for either party.

Limited Agency... should YOU participate? I suppose it depends on how well you know your Agent. Will you get the best deal? Possibly. You may have to rely on some of your own instincts and research to determine what the best deal will be, as you will not have full disclosure and advice from your limited agency real estate professional.

Rockcliffe-Smythe

Rental Property - Taxes on Selling Homes


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