The Home Sale: Securing the Deal

They say a picture is worth a 1000 words, imagine what story you can tell with a video… Closing the deal is probably the most critical period in the whole buying and selling transactions. Sealing the deal is when the buyer and the seller meet at the common terms including the house price, terms of payment, and other important conditions about the sale. Before it happens, a long list of things needs to be done. Starting with finding the best team who can find the right Buyer. What to expect from deciding to sell and up to the magical day that you get to say SOLD!   Marketing Your Property First you want to make sure that the marketing you choose (or your Realtor) reflects the value of your home. Maybe there are good insider tips you can share to entice potential buyers. Try to keep your home tidy and “Viewing-Ready” so that in-person your home is always at its best. Now a days, everything is on the internet. Like this post, we know. Make sure you get the best New York video production team to capture your home with high resolution photos and beautiful aerial shots, who doesn’t love drone footage? You Found a Buyer! Now What? Once you have a verbal agreement, your house goes into escrow. What does that mean?  Escrow is an account handled by a third party completely working independently-not on the side of either the buyer or the seller. Because the home sale involves a lot of money and documents, it is better for both parties to entrust another person with these important elements of the sale. The escrow holds the money and protects the documents until everything has been settled. Make sure that the title is clean Get a title insurance to protect yourself so that when you buy the property, no one else will claim it. There are situations when a relative of the owner or a complete stranger will knock on your door and will ask you why you are living in their property. To prevent this kind of awkward and infuriating situations at the same time, get title insurance. The title officer will make sure that the title is clean before you pay for the property. Hire an attorney This is not necessary but if you really want to make sure that closing the deal can go as smooth as possible, hiring a lawyer can be a good investment. A closing attorney can prepare all the documents needed in closing the sale. He can also make you understand the legal terms and conditions stated in the contract. By having somebody advice you on what to do, you will have the confidence that you are on the safe side of not having potential problems after the deal is closed. Negotiate Closing Costs When you hire an escrow, they can charge for almost anything. Though you are not expecting for a free escrow service, you need to watch out for some junk fees that they will be asking you. When your escrow company is charging you for so many fees like administrative fees, processing fees, email fees, or any other words with “fee” on them, you can speak out about reducing them if you cannot completely get away from paying them.

Fundamental Aspects of Realtor

Fundamental Aspects of Realtor

One of the biggest purchases you will ever make is buying a home. A Realtor who is licensed by the national association of Realtors can assist you with every aspect of this task. Real estate agents are not always licensed with the association. A Realtor who is registered with the national association of Realtors has committed to a code of ethics and standards of practice, which means they are upheld to a higher standard. Finding a realtor can be as easy as asking a friend or family member to recommend one that they may know. When you hire a Realtor you have someone who will look after your best interests. They can assess your situation and give you advice on how much you can comfortably spend on your new home. Once you’ve discussed the specifics of the home you want to buy, your Realtor will arrange for you to view homes within your schedule. This is sure to save you a lot of time. Finding the right home may be daunting; your Realtor will be able to narrow your search to the specifications that you have requested. Realtors have many resources and can make your buying experience a pleasurable one, giving you peace of mind. You may consider hiring a Realtor even if you are having a new home built. Your Realtor may be able to get you a better deal. Some builders insist on using their mortgage companies in order to receive incentives, these mortgage companies may not offer the best interest rates; your Realtor may be able to negotiate these terms for you. They will watch over the building process and notify the builders if an error is made and they will make sure the paperwork presented to you for signing is correct. A Realtor will be able to refer you to a reputable mortgage company. Most Realtors have a network of companies that they have worked with before; besides a mortgage company a Realtor can refer you to a title company, lawyer, notary and a home inspector. Usually other associates are working with your Realtor; this will ensure timely processing of paperwork. They can advise you on the amount needed for a down payment and closing costs. Your Realtor will explain the financing details to you, and will assist you with the many negotiations that come with purchasing your new home. These include the price of your home, repairs that may be needed, and even a home maintenance warranty which will cover the appliances in your home for a time.

Know Everything About Realtors

Know Everything About Realtors

In USA only those who are official members of the National Association of Realtors (NAR) can name themselves Realtors. And yes there are many other licensed people practicing this in the real estate business and might actually introduce themselves in the public as realtors but in actuality they are nothing more than fake realtors. They get the term realtor to impress the public and gather more business and clients and keep their business working well but in reality the term realtor in very hard to get. Those who are registered at the NAR are obliged to abide by the code of ethics and rules that every realtor must follow. Before anyone comes a member of the NAR he is made to sign a legal document in which the realtor has to promise that in any real estate transaction he will not only be honest and loyal to both his clients and colleagues. The realtor ethics code demands that during any kind of negotiation the realtor has the right to represent as side of the game, be it buyer or seller for a given real estate property. The realtor must necessarily protect and guard the interests of his client but not at the cost of the opposite party. He should legally pay respect to them as well. There should under no circumstance be a distorted presentation of facts or exaggeration for that matter. All negotiations must be transparent. Realtors have perfect knowledge of the real estate business and their knowledge is expensive and pricey. They know in crisp terms how the entire process of real estate business works from buying to how to buy and from selling to how to sell. They know about everything and that includes information about auctions to the stringent processes of legal formalities. They keep monitoring the market value of property and areas all the time. They give the perfect estimate of how much a property should cost. And mostly they know when is the right time to buy or sell a property! Thanks to the Internet, finding a realtor isn’t a tough job anymore. There are specialized real estate websites and property listing along with names of realtors. NAR has the maximum number of specialized real estate agents and brokers anywhere. They also have economists and counselors, people with impeccable managerial skills, architects and so on. NAR also monitors all the smaller real estate agencies with new and young brokers who if show good performance become member of NAR. Most brokers and realtor, if not all abide by the code of ethics and conduct that NAR prescribes to. NAR is like a community in which people often ask for help from each other. Sometimes most experienced of brokers contact other realtors to know the pricing of a particular area.