Monday, August 18, 2014

Home Selling - How You Do It?

If you are planning to sell your home and you are just learning the first steps, you will find many tips and selling guides over the Internet. You will soon know that the most important thing to think through is selecting the list price that will make you close a deal.

Not just any price will do. List price will either make or break your deal, so it is a must that you set the price cleverly. More often than not, homeowners set the price too high because of their emotional attachment to the house. This is quite normal but this will also discourage potential buyers to even look at your property.

If you price it low, you might have more buyers than you imagine however, you also miss out on cash and equity that you could have earned from it. In this article, I have combined the basic steps on how to price your home accordingly.

  • Make a comparison sheet. Your house is not exactly the same as the house next door or the house a few blocks away. When you check for comparable features, you have to consider the age of the house, lot size, square footage, physical condition, number of beds and baths, neighborhood, and amenities. For obvious reasons, the bigger and more well-maintained property costs higher.
  • Use current information and market condition. The price of your home six months ago may not be the same as of today. Real estate condition changes pretty quickly so your house could be worth more or less depending on the market.
  • Use the actual sales price. There is a difference between the list price and the actual sales price. The actual sales price will allow you to see what the buyers are willing to pay for a property like yours.
  • Use the Internet to your advantage. Check out your competition online, chat or talk to real estate agents who offer free services online, and join forums with like-minded people and home sellers. You will find that there are many home sellers like you and that you get to share your experiences and learn from theirs.

Sell your house to Lucas Properties for cash. Regardless of why you are selling, Lucas Properties buys houses with no questions asked. 

Tuesday, July 29, 2014

How to Sell Your Home Online

Selling your home without the help of a real estate agent can save you thousands of dollars in commission or agent’s fee. Typically, the agent will ask 3-5% commission based on your asking price. Although there is a good reason why home owners would opt to use a real estate broker – they don’t have the time, they don’t have the know-how, home selling is time consuming, etc.

The introduction of online marketing makes home selling easier as more and more people are using the internet to browse and buy products and services online; and home buying is not excluded. Online property websites offer the same services as the traditional real estate agents but their fee is considerably less.

Property Sales Websites
These property websites work similarly as the classifieds of your local paper; however, the main advantage is they allow you to reach a much wider audience. With a very minimal fee, your property will have more exposure allowing you to attract more potential buyers. There are even DIY house sale websites that will let you list your property for free.

Social Media
Who does not know Facebook? Twitter? Social media websites have become a necessity for the net users and you can take advantage of their popularity. With social media site like Facebook, you can target your marketing to a group of people without being discriminating. Prepare a short video highlighting your home’s best features and upload it to Facebook. You can save time by virtually showing your home to potential buyers and at the same time by answering possible questions about the property.

Online Estate Agents
If you really need the help of a real estate agent but still want to save on agent’s fee, you can work with an online estate agents. Online estate agents’ fee is much less compared to street estate agents while offering the same services. They will help you market your home, handle negotiations, and help you in property showing as needed.

For a guaranteed, quick, and hassle-free home selling, contact private property investor like Lucas Properties. Lucas Properties buys homes in any condition at any given time.

Sunday, July 20, 2014

How Much Does it Cost to Sell a House

Many people consider their home as the most valuable property they ever own. Thus, if they found themselves in need to sell their home, it is only logical that they would like to get the most money out of it. Selling one’s home can be a fulfilling experience if it was bought with the price below its market value. As a seller, it is imperative that you know the costs involved in selling so you can have the maximum return.

Real Estate Agents
If you don’t have the time or the experience needed to move your home, then real estate agent’s fee is the first thing to think through. The service fee varies from one agent to another; usually it is between 7-10 percent of your selling price. You might want to take note that if you will include the agent’s fee in your selling price, it will put your asking price well above the house’s market value. Pricing the house too high will not gain you a favorable deal.

Pick the agent who offers the lowest agent fee possible with the shortest lock-in period. Shorter lock-in period will allow you to search for another agent or choose an alternative should your initial agent failed to sell your house within the agreed time.

Title Insurance
Some states require the seller to pay for the title insurance. This will assure the buyers that the house has a clear title prior to purchasing. The title insurance is dependent of the selling price and varies from one state to another.

When you hire an agent to sell your house, he is expected to use any means necessary to find a buyer. However, you should not limit the marketing through your agent alone. You can market the house yourself by spreading the word, giving out flyers, and advertise in local listings.

These are just some of the basic costs in selling a house. Then, there are other costs such as closing fee, fix-up costs, and taxes.

If you want to sell your house and get the most money within the shortest time possible, you can sell it to private property investors. For more details, you may get in touch with Lucas Properties.

Sunday, June 29, 2014

Home Selling Tips: Sell Your House Quickly

Home selling has become a complicated process and not as easy as it used to be. For a first time seller, the prospect of selling one’s home, from preparing the required documents to finding a client and finally closing the deal, can be a bit overwhelming.

Home staging is still one of the most effective and proven way of attracting the right clients, so, before you even start putting your house in the market read through the list below.

  • Make your house anonymous. First and foremost, de-personalize your home. Make it anyone else’s house. Remove the personal stuff you have gathered over the years so that buyers can imagine themselves living in your house with their own personal belongings. Maximize the full potential of your house by arranging the furniture to best showcase the floor plan.
  • Invest in small fixes. Do not overdo the upgrade as you might not get your money back. Small fixes will go a long way such as applying fresh paint to the interior of the house, replace the tattered and stained curtains, fix leaky faucet, and make sure that closet doors are in place.
  • Keep it pet-free. Not everybody is a dog lover or a cat lover so make sure to clean your house properly. Hide or remove the pet bowls and food, sofas and carpets should be fur-free, and keep it smelling fresh.
  • Make the most of the first impression. Preparing the exterior is equally important as staging the interior of the house. Before the buyers enter your house, they have already judged it based on its outside appearance. It is important that your house should look warm and welcoming so buyers will be encourage in taking a look at what is inside.

The next phase is finding the right broker. Or, if you want to get your hands on, you can sell your house on your own. This means that you will work on marketing your house, making yourself available for the showings, and dealing with all possible negotiations.

Don’t have time or the experience to sell? You can sell your house with the least effort on your part by selling it to private property investors. Visit Lucas Properties for more details.

Wednesday, April 9, 2014

Should I Sell My House at an Auction?

There are thousands of homes being auctioned off every month. These properties are bank owned, facing foreclosure, or distressed properties. Sometimes, home owners who want to sell the property quickly opted to sell it in an auction. Auction offers a fast and efficient way to sell but is it the right option for you?

As a home owner, when you sell your house at an auction, you will get the benefit of not having potential buyers snooping through the house for months only to find out that these potential buyers are just looking around.

In an auction, buyers are aware that they are bidding at a house that can be less than perfect. Most of the times, houses in an auction are sold as is, where it is, and in its present condition. The whole selling process can only take a few minutes with a maximum of 45 days to close.

Types of Real Estate Auction

Auction with Reserve – This type of auction allows the seller or agent to accept or reject any bid offer. For example, if the highest bid does not match with the seller’s reserve price, he has the right to decline the bid. This type of auction is sometimes a deterrent to buyers because they don’t have the assurance that they can purchase the house even if they offer the highest bid.

Minimum Bid Auction – A minimum price is predetermined by the seller and the auctioneer will only accept bids equal to or above the minimum reserve price.

Absolute Auction – In this type of auction, the house will be sold to the highest bidder regardless of the offered amount. Seller may or may not receive a fair market value offer to his property.

There are other options to sell a house quickly. One of the fastest ways is to sell to private investors. Private investors offer cash for your houses or any property, buy houses as is, and offers a fair price for your property.

Contact Lucas Properties today if you are ready to move your house.

Sunday, March 30, 2014

Home Selling: Documents Required to Sell a House

The paper works needed to sell a house by owner are the same as those needed when the owner hire a realtor. There might be a slight difference depending on where you are located, but the basic documents are still needed.

The owner or seller is required to provide specific types of documents before the sale otherwise he can lose a buyer or face a legal action after the sale.

·         Sales Contract
  • This is common in all the states. Regardless of where you from, real estate or purchase contract is required. It serves as the legal binding between the seller and the buyer which contains all the terms of the deal. It will list the purchase price, when the sale happens, if and when the buyer will inspect the house, if the house is sold as is, and when the buyer can occupy the property.
·         Title Documents
  •  All buyers require this document. This will show that title to the property is clear of any legal disputes and can be transferred to the buyer. A seller can hire a title company to arrange for the transfer of title once the sale is closed.
·         Lead Paint Disclosure
  • This form is required if your house was built before 1978. It will include a lead paint warning and a statement signifying that you have complied with all the lead requirements and cautions.
·         Property Disclosure
  • This document will inform buyers about any defects of your property such as damaged roof, leaking water faucet, or a presence of mold.

As soon as you have prepared all the documents, you can now focus on attracting buyers. And there is no faster way to sell your house than selling it to private investors.

Lucas Properties, a private property investor, buys properties all over the country. They buy houses as is, houses with tax issues, houses facing foreclosure, etc.

Move your house quickly with Lucas Properties and walk away with cash.

Sunday, March 16, 2014

Sell Your Home Fast

In tough real estate market where supply is greater than demand, a home owner can sell his house faster generally by lowering down its asking price. However, you can still make money by doing the alternatives of reducing the asking price. 

Standout from the rest. To attract attention of potential buyers, differentiate your house from the rest by doing little but not so costly renovations. You can improve the landscape, repaint the interior, or change the stained window glass. These little improvements can make a great deal in adding value to your home. However, do not overdo the renovation. Some renovations may not what the buyers’ need and will likely be taken for granted.

Get the price right. It is enticing to set the asking price as high as possible but you have to remember that the right asking price is what the buyers are willing to pay. You can hire an assessor to gauge your house’s market value or you can run a comparable study by checking the houses for sale in your area and how much are they. To differentiate from the rest, price your house slightly lower than the comparable houses nearby.

Be systematic. Prepare all the documents that are relevant to the house. These can be repairs receipt, electrical and gas certificates, tax papers, and any other related documents. Buyers should be made aware of the house’s situation and these papers will give them a peace of mind.

Choose the right marketing. Spreading the word is the key to reach potential buyers. The effort you invest in renovation and staging your house will be put to waste if buyers do not know that your house is up for sale. Hire the right agent or use the proven marketing tips.

Sell to private investor. Unlike traditional house selling, private investors offer a quick and guaranteed sale. Private investor such as Lucas Properties buys houses with cash; they buy houses as is.