Why Should I Use An Agent ?
Your agent will not only professionally market your home but also will handle all the behind the scenes work associated with selling a home to ensure that once we do find a buyer or seller, you can move easily and seamlessly from contract to closing.
What Is Your Commission And Who Pays?
In Mersin, seller agency occurs when the real estate broker is representing the seller in a real estate transaction. By signing a listing agreement, the seller is allowing the broker the right to market the property for sale at a specific price and for a defined period of time. The listing agreement outlines the commission the seller would pay the broker if she or he sells the home. The listing broker then shares this fee with the buyer’s agent. The standard commission is 6% of the sales price.
How Much Is My Home Worth?
While there is no crystal ball to determine how much your home is worth, your experienced inmersin.com agent will use clear market data, as well as her or his intimate knowledge of the area, to develop a market analysis based on recent sales of comparable homes.
How Long Will It Take To Sell My Home?
While average days on market varies depending on location, price and time of year, once a home is under contract, it takes on average 30-45 days for the contract to close. During this time, buyers will have an opportunity to complete due diligence and to prepare their financing terms. Sellers will be able to address any of the buyers’ concerns, make agreed-upon repairs, and prepare for the move.
How Do You Handle Multiple Offers/What If A Better Offer Comes Along After We Are Under Contract?
Your agent will present all offers to you in a timely manner, even if you are considering another offer or the new offer contains terms you have previously turned away. Your agent then will discuss your options to:
- Delay acceptance or countering of any offer until any other anticipated offers are received.
- Accept one offer thereby rejecting all other offers.
- Counter one offer and thereby rejecting or putting aside all other offers.
- Provide all buyers with the opportunity to submit new offers by a specific date with the understanding that there is a multiple offer situation.
- Reject all offers.
What Do I Have To Do To Get My Home Ready?
In addition to addressing glaring defects before listing your home for sale, we recommend going through each room, making sure it is cleaned, de-cluttered, bright, and that no foul odors are present.
Should I Stage My Home?
It is not required but always recommended. Choosing neutral paint colors and removing any clutter, family photos, etc., creates a blank canvas for buyers to envision themselves in the home.
Can I Be Present When Buyers Come See The Home?
We discourage owners from being present when buyers are touring the home. Having the owner in the house makes the buyers uncomfortable. They feel as though they can’t make comments or ask questions that could be offensive.
How Do You Ensure The Buyer Is Qualified To Afford My Home?
How Do You Handle Showings?
Once a listing agreement is signed, your agent will attach a secure lockbox on your house, granting only real estate agents the ability to safely and securely enter your home. The best way to sell your home is to make it available to be seen. Therefore, your agent will work with you and buyer’s agents to ensure showings are scheduled within an appropriate time frame.
What Is The First Step Of The Home Buying Process?
Getting a pre-approval letter from a lender to:
- Let you know how much you can borrow and prevent disappointment caused by falling in love unaffordable homes.
- Show how much money is required for the down payment and closing costs.
- Demonstrates that you are a serious buyer to both your real estate agent and the person selling their home.
How Long Does It Take To Buy A Home?
Under normal market conditions, the average time to complete the sale of a home is 30 to 45 days, giving you enough time for due diligence and get a loan completed.
What Is A Seller’s Market?
In sellers’ markets, increasing demand for homes drives up prices. Here are some of the drivers of demand:
- Economic factors
- Interest rates trending downward
- A short-term spike in interest
- Low inventory
What Is A Buyer’s Market?
A buyer’s market is characterized by declining home prices and reduced demand.
- Economic disruption
- Interest rates trending higher
- Short-term drop in interest rates
- High inventory
- Natural disasters
How Much Do I Have To Pay An Agent To Help Me Buy A House?
Home buyers pay little or no fees to an agent to buy a home. Listing brokers represent sellers and charge a fee to represent them and market the property. When the home is sold, the listing broker splits the listing fee with the buyer’s agent. Thus, buyers don’t pay their agents.
How Much Do I Need For A Down Payment?
The national average for down payments is 11%, though first time homebuyers usually only put down 3 to 5% on a home. Conventional loans often require more and are typically taken out by repeat buyers who could use equity from their existing home as a source of down payment funds.
How Many Homes Should I View Before Buying One?
That’s up to you! The ability to search for homes online and see pictures, even before setting a foot outside the comfort of your living room, has completely changed the home buying game. Convenience is at an all-time high. But, nothing beats visiting a home to see how it looks and ‘feels’ in person. Your agent will help arrange and be with you on these visits.
How Do I Know If I Am Getting A Good Deal?
While there’s no crystal ball the best way is to work with your agent to check out comparable sales and whether those prices have been going up or down in the recent past.
What Is Earnest Money?
When you make an offer on a home, your agent will ask for a “deposit” to accompany it, typically 1% to 2% of the purchase price. Earnest money is made in good faith to demonstrate – to the seller – that the buyer’s offer is genuine.
How Long Can The Seller Take To Respond To My Offer?
Written offers should stipulate the timeframe in which the seller should respond. Giving them twenty-four hours should be sufficient.
Should I Order A Home Inspection?
Yes! While not always required, home inspections are highly recommended because they can reveal defects in the home that are not easily detected. Home inspections bring peace of mind to one of the biggest investments of a lifetime.
When Can I Back Out If I Change My Mind?
While buyers can always back out of a deal, doing so without good reason, or outside what is stipulated in the contract, may forfeit your earnest money.
Do I Need To Do A Final Walk-Through?
It’s not required, but it’s definitely recommended! Final walk-throughs give buyers a chance to make sure nothing has changed since their first visit.