Buyers & Sellers
It’s important to know some home buying tips when considering making a purchase as big as the one for your home. Whether you’re looking to purchase your first home or you’ve made the decision to search for your next house, selecting the right firm and Agent to help guide you through the home buying process is the single-most important first-step.
When buying a home, you’ll need a real estate agent who will:
- Complete a home selection profile to assist in determining the range of available properties to show
- Arrange convenient times to show prospective properties
- Assist in the preparation of all documentation for making an offer
- Review all counter offers and make recommendations on further offers
- Secure all disclosures from the seller
- Assist in coordination and attend all home inspections
- Negotiate for you on repairs (if needed)
- Confirm that all repairs were made
- Arrange for a lenders’ appraisal and assist in completing necessary documentation
- Oversee the removal of all contingencies to insure a successful and timely close of escrow
- Attend your walk-through prior to close of escrow
- Delivery of keys and possession of your new home after close of escrow
- Help you through every step of the process, so that buying your home is an exciting and enjoyable experience.
Remember to share your home buying list of needs with your real estate agent. This may include:
- Neighborhood preferences
- Proximity to shops, schools, nature, freeways, public transportation
- Number of rooms and bathrooms
- Your ideal home price
- Special questions about the home buying process including mortgage rates, escrow, timing, documentation, offers, options and home buying negotiation tactics
I will assist in helping to prepare your home for sale by conducting a thorough evaluation of your home and property. Based on the evaluation results, I will make a number of recommendations to improve the overall curb appeal and presentation of your home for interested buyers.
As a rule of thumb, there are a number of basic things you can do, as the homeowner, to create the most inviting atmosphere and to help show your property to its maximum potential.
- Depersonalize the space by removing an excess of family photos, trophies, posters, teapot collections, stuffed animals, etc.
- Clear high-traffic areas of excess furnishings to maximize the feeling of space.
- Highlight key features in each room, and make sure they are not obscured by plants or furnishings.
- Be mindful of the carpeting. If the carpeting is in bad shape, shampoo it or replace it.
- Remove all knick-knacks under 10 inches tall to help de-clutter the home.
- Touch up your paint if your walls have a few rough spots. You probably already have the extra paint sitting in your garage.
Basically, just use common sense. Remember that everyone has his or her own style. You’re not trying to impress with your particular brand of décor. Rather, you’re trying to present a simple, clean, attractive home that exudes potential – an empty, yet enticing, palette for your home’s next owners.
Some thoughts about inspections
I will advise you on the pros and cons of being proactive in completing various inspections prior to listing your home. By completing a general home inspection, a pest inspection or other inspections on the property or systems (roof, pool, HVAC, etc.), you can arm yourself with important information that can aid in the proper pricing, marketing and negotiating of your sale.
- How long should we allow for Close of Escrow to minimize costs to lost interest? Typically an escrow will run 30 to 45 days. This is a negotiable element of the contract and many factors may be considered. Generally speaking the sooner the better.
- How does an Agent set the price I should be asking for my home? I will assist you in setting the list price by providing you a “CMA”. A competitive market analysis of similar homes that have recently closed escrow. That along with consideration of current market conditions will guide you.
- Should I offer potential buyers the home repair insurance on my appliances, etc.? Providing a home warranty to the benefit of the buyer has become a common practice and is a benefit for the seller as well. Consider the following scenario. Buyer moves into home and the next day the water heater blows. Who do they call? Rather than call you they call the home warranty company.
- What’s the best way to pick an Agent to sell my home? Sellers will typically ask friends and acquaintances who have bought or sold a home for a referral or will note who is active in the neighborhood and interview 2 or 3 agents.
- What makes one offer better than another if the price offered is the same? There are various elements to an offer that can have value other than the price offered. The amount of down payment for example may make it easier for the buyer to qualify for the proposed financing. The length of escrow may facilitate the seller’s ability to purchase their next home. The length of contingency periods should be considered. An experienced agent can assist you in analyzing an offer and help you determine which is best.
- My wife and I are thinking of down-sizing our primary home. Can I do a 1031 exchange to save on taxes? Consult with your accountant or tax advisor. Realtors are not qualified to advise on tax matters.