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Oct 13, 2022
Vision Magazine - October 2022 Edition
Our October Vision magazine is now available to view and/or download! Click HERE to view the full edition.
Aug 27, 2019
Reasons to Consider an Exclusive Listing
An exclusive listing can help you to sell your home in less time. It can also help you to get qualified buyers in less time. The quality of the outreach is more important than the volume of it. With an exclusive listing, you can reach those who are looking for the type of home you are offering. Access to the Right Agency With an exclusive listing, you will get more one-on-one services provided. You will have the right agency and the right agent on your side. You will sign an agreement with them allowing for the exclusive rights to sell your home. You will get to work closely with your agent to create the right listing and the right staging for your home. The agency is also going to put all of their resources into helping you to sell your home. As a result, you will get it sold in less time and you will likely get your asking price for it. Should there be negotiations on the price, it will be close to your asking price. Motivation With an exclusive listing, the real estate agency knows they will get a generous commission from the sale of your home. Another agency isn’t going to be able to swoop in and take that out from under them. They are going to be motivated to market your home to their potential buyers. They are also going to communicate with you what they feel should be done to make your home as appealing as possible.
Jul 23, 2019
Making Property Settlement a Smooth Transition
Selling your home either through a private sale or an auction is a great accomplishment. You may feel wonderful knowing that the deal has gone through. However, you still have the obligation of making sure the property settlement goes though as it should. The best way to do this is to make sure the documents clearly outline what will take place, who is responsible for the event, and when it will occur. Final Inspection Typically, the seller gets to set the settlement date. This is anywhere from 30 to 90 days after the sale. The final inspection should take place during this time. The seller legally has to give you the property in the same or better condition than when it was sold. Anything listed in the contract that is to remain on site must be there. Insurance The buyer needs to have proof of insurance ready when they take over the property. If there is a loan on the property, it is a requirement. The lender isn’t going to take any chances something might occur and destroy the home, meaning they lose all of that money. The insurance has to cover at least the minimums by law and they have to cover the dollar amount owed on the mortgage loan. Handing Over the Keys Once everything is completed above and there aren’t any issues to iron out, handing over the keys is the next step in the process. Make sure you deliver all copies of all keys you have for the home. This should include any garage openers. Most buyers will go ahead and change the locks anyway once they take over ownership, but that is up to them.
Jun 19, 2019
Bidding at an Auction for Property
Going to an auction can be a great way for you to get your hands on a property for a low price. Yet this is a commitment and you should have a bidding strategy in place. This will help you to decide if you should continue to bid or let it go to the other interested parties. Bidding Yourself If you are going to step into the arena of bidding on property at an auction, you need to be confident. You need to remain calm even when there is pressure to continue to raise your bid by those around you. Be realistic and don’t let the buzz around you get you to keep bidding higher and higher, or you may suffer remorse later on. Ask Someone to do it for you If you are intimidated, ask a friend or family member with experience to bid for you. They can go with you and help you to stay relaxed. This is known as a proxy and they will be able to get things done for you. Keep in mind, what they bid and agree on, you will be bound to! Buying Agent You may find it is easier for you to get what you want when you count on a buyer’s agent. They can bid on a property for you. They will only bid on certain criteria you have selected and up to a given dollar amount. This can help you avoid trying to make time in your schedule to go to the auction. It can also prevent you from spending more than you had intended.
Mar 21, 2019
Understanding the Home Auction Terminology
Buying property at a home auction can be a wonderful investment. It can be a way for you to get a great home for a lower price than if you were to buy one directly on the market. To get a home at auction though, you have to be the highest bidder. There can be others vying for that same property. Understanding how the home auction process works can help you to feel confident and take the uncertainty out of the process. Understanding the Rules There can be variations to the rules from one auction to the next. With that in mind, it is important to get information about those rules which will apply prior to going to such an auction. There is no cost to be in attendance and you don’t have to bid at all. If you do decide to bid, you will have to start at the opening price. As the price goes up based on more bidders, you can decide to increase your bid or to step down. Set a Bid Limit Before the bidding starts on a given property, make sure you have a set bid limit. Don’t exceed that. If the amount goes beyond that point, step down. Don’t get caught up in the competition of a bidding war with other participants. Some of them are ready to pay far more than you are for a given home. Let them have it! Vendor Bid There are times when the bidding stops before therequestedreserve amount is reached by the seller. With that in place, the auctioneer can declare this and state that the price isn’t enough to satisfy the sale of the property. If it is close enough to the reserve price set by the seller, they may agree to accept that amount of money. However, they do have the right to decline it, so a discussion will take place between the auctioneer and the seller.
Mar 13, 2019
Best Options for Property Auctions
When it comes to property auctions, you can find some terrific deals at great value. Knowing your options and when to use them, can make it a smoother process and prevent you from spending too much. You should be excited and have fun rather than feeling stressed and obligated to continue bidding. Conduct Research Find out all you can about the property before you go to the auction. This includes the number of owners, square footage, and the market price for comparable homes in the area. Such information will help you to determine your maximum bid amount. Be disciplined with that figure and do not bet even one more dollar over that, on the property! Read the Terms and Conditions You will have the opportunity to read the terms and conditions of the contract before you bid. Yet many people going to a property auction never do so. You need to read that information and ask questions for anything you don’t understand. Never bid if you don’t agree or fully understand those details. Be Confident If you are sure you are going to bid, try to get a position close to the auctioneer. You don’t want to be overlooked in the crowd. Bid at the increments as they move along by the auctioneer. Pay attention to when you are getting close to your maximum amount so you don’t go over by accident. Stay calm, even as the price is going up. You will start to notice the body language changing among those around you also bidding. Try to stay the same and not disclose your true feelings.