Jan. 8, 2015

Hiring A Realtor?

Hiring A Realtor?

Do you know the 12 most important questions you should ask?

Buying or selling a home is serious business. And using the right Realtor can mean the difference between a successful and hassle-free home transaction, or a regrettable experience.  Finding any Realtor is easy, but finding a competent,experienced Realtor can be challenging.  When hiring a Realtor you wan them to be a full time representative of your home.  And the Real Estate Gurus team can do just that...

 

12 Questions To Ask When Hiring A Realtor:

  1. How long have you been in residential real estate sales? Is it your full-time job? While experience is no guarantee of skill, real estate — like many other professions — is mostly learned on the job.

  2. What designations do you hold? Designations such as GRI and CRS®, which require that agents take additional, specialized real estate training, are held only by about one-quarter of real estate practitioners.

  3. How many homes did you and your real estate brokerage sell last year? By asking this question, you’ll get a good idea of how much experience the practitioner has.

  4. How many days did it take you to sell the average home? How did that compare to the overall market? The REALTOR® you interview should have these facts on hand, and be able to present market statistics from the local MLS to provide a comparison.

  5. How close to the initial asking prices of the homes you sold were the final sale prices? This is one indication of how skilled the REALTOR® is at pricing homes and marketing to suitable buyers. Of course, other factors also may be at play, including an exceptionally hot or cool real estate market.

  6. What types of specific marketing systems and approaches will you use to sell my home? You don’t want someone who’s going to put a For Sale sign in the yard and hope for the best. Look for someone who has aggressive and innovative approaches, and knows how to market your property competitively on the Internet. Buyers today want information fast, so it’s important that your REALTOR® is responsive.

  7. Will you represent me exclusively, or will you represent both the buyer and the seller in the transaction? While it’s usually legal to represent both parties in a transaction, it’s important to understand where the practitioner’s obligations lie. Your REALTOR® should explain his or her agency relationship to you and describe the rights of each party.

  8. Can you recommend service providers who can help me obtain a mortgage, make home repairs, and help with other things I need done? Because REALTORS® are immersed in the industry, they’re wonderful resources as you seek lenders, home improvement companies, and other home service providers. Practitioners should generally recommend more than one provider and let you know if they have any special relationship with or receive compensation from any of the providers.

  9. What type of support and supervision does your brokerage office provide to you? Having resources such as in-house support staff, access to a real estate attorney, and assistance with technology can help an agent sell your home.

  10. What’s your business philosophy? While there’s no right answer to this question, the response will help you assess what’s important to the agent and determine how closely the agent’s goals and business emphasis mesh with your own.

  11. How will you keep me informed about the progress of my transaction? How frequently?Again, this is not a question with a correct answer, but how you judge the response will reflect your own desires. Do you want updates twice a week or do you prefer not to be bothered unless there’s a hot prospect? Do you prefer phone, e-mail, or a personal visit?

  12. Could you please give me the names and phone numbers of your three most recent clients?Ask recent clients if they would work with this REALTOR® again. Find out whether they were pleased with the communication style, follow-up, and work ethic of the REALTOR®.

Posted in Real Estate
Nov. 7, 2014

Why You Should Use An Agent To Purchase A New Construction

The advantages of having an agent help you purchase a new home are the same as those for purchasing a resale home.  We can provide you with valuable insight into the new construction industry.

The builder has a professional real estate representative who watches out for his or her best interest, and you deserve the same.  

Buying a new home is a little more time consuming and difficult than buying a resale home.  We can professionally guide you through the process.  Having spent years working with builders in the area , the Real Estate Gurus have a rapport with them and a database of information about subdivisions, floor plans, etc.  

 

Contact us today!!! To learn all about New Construction homes and the process to purchase one.  

Posted in Real Estate
Nov. 5, 2014

Types of Staging

2 Types Of Staging:

There are two different types of staging, depending on whether a home is occupied or vacant.

One of the biggest tasks in staging an occupied home is reducing the clutter and depersonalizing the place. You'll want to reduce the number of books on bookshelves, paint rooms in neutral colors and remove artwork that may evoke strong emotions, such as religious imagery or pictures of animals.

Furniture may also be moved around in an occupied home. If you have a larger budget, you might want to tackle such tasks as changing the carpet or upgrading the countertops to make the home look more inviting.

A vacant home generally needs more work. To remedy that, a few pieces of rented furniture can give potential buyers more to focus on than the house's flaws. A few plants and freshly painted walls can also help buyers envision themselves living in the property, which can lead to a sale.

                                        

 

To Receive a FREE Booklet on Staging - Contact us Today!!!

Posted in Real Estate
Nov. 5, 2014

When Pricing Your Home

When Pricing Your Home:

Perhaps the most challenging aspect of selling a home is listing it at the correct price. It's one of several areas where the  assistance of a skilled real estate agent can more than pay for itself.

If the listing price is too high, you'll miss out on a percentage of buyers looking in the price range where your home should be. This is the flaw in thinking that you'll always have the opportunity to accept a lower offer. Chances are the offers won't even come  in, because the buyers who would be most interested in your home have been scared off by the price and aren't even taking the time to look. By the time the price is corrected, you've already lost exposure to a large group of potential buyers.Too high can be as bad as too low

 

The listing price becomes even trickier to set when prices are quickly rising or falling. It's critical to be aware of where and how fast the market is moving - both when setting the price and when negotiating an offer. Again, an experienced, well-trained agent is always in touch with market trends - often even to a greater extent than appraisers, who typically focus on what a property is worth if sold as-is, right now.

Little Touches Can Have Big Returns:

Some of these changes may be cosmetic, involving literally no expense on your part. It might be as simple as moving out some of your furniture and adjusting window coverings to best display desirable qualities of the home. Other changes might demand an investment, but the cost will likely more than pay for itself in the final sales price or timeliness of the  sale.

Agent Education & Experience Is Critical:

When working with a real estate agent, it's critical that you have full confidence in that agent's experience and education. A skilled, knowledgeable agent should be able to explain to you exactly why your home needs to be priced at a certain level - compared to recent listings and sales of homes similar to yours. experienced agents also know exactly what the current pool of buyers are looking for in relation to particular styles and price ranges of properties. A skilled agent can recommend changes that will enhance the salability of your home, thus increasing the price - and/or  decreasing the length of time before a sale.

 

 

 

 

 

Posted in Real Estate
Nov. 2, 2014

15 Tips Every Buyer Should Know

15 Things Every Buyer Should Know 

  1. Property taxes and qualified home interest are deductible on an individual's federal income tax return.
  2. Many times, a home is the largest asset an individual has and is considered one of the safest investments available.
  3. A homeowner can exclude up to $500,000 of capital gain if married filing jointly or up to $250,000 if single or married filing separately. The home must have been the taxpayer's principal residence for the previous two years.
  4. A portion of each amortized mortgage payment goes toward the principal, which is an investment.
  5. A home is one of the few investments you can enjoy by living in it!
  6. The majority of the time, a REALTOR® can show you any home, whether it is listed with a company or a builder or is even a For Sale By Owner.
  7. Working with a REALTOR® to purchase a For Sale By Owner property is very advantageous, because someone will be looking out for your best interests.
  8. A real estate professional who can provide you financial information with a computer will give you a distinct advantage in making the right decisions.
  9. A pre-approved program will actually approve you for a specific loan amount subject to the property. This will give you confidence and will help when negotiating with the seller.
  10. Your real estate professional can provide you with a list of items that you will need to make a loan application, so you'll be ready when the time comes.
  11. The right to conduct a property inspection, included in your purchase agreement, gives you the ability to negotiate with the seller once you know all the facts about the property's condition.
  12. A Home Protection Plan can provide coverage for selected items, such as central heat and interior plumbing, built-in appliances, water heaters, etc. If the seller is not providing this coverage, you can purchase it yourself.
  13. Ask your real estate professional if he or she is familiar with the neighborhoods you want to live in. Ask how many homes he or she has sold in those areas in the past year.
  14. Working with a REALTOR® who has an office "team" helps assure the buyer that the transaction will be handled smoothly.
  15. In a "seller's market," don't go looking for a deal. Set your sights on the right house for you, and then let your REALTOR® help you negotiate the best price and terms.
Posted in Real Estate