A Clause of Your Own
If you are selling a home in today's market, you will likely be presented with offers that have contingencies. One contingency typically tacked on by buyers is the one that makes the sale contingent on their selling their own home. There is also a financing contingency, which allows buyers a certain amount of time to get a loan commitment.
While these contingencies are perfectly proper, seller's agents may suggest strategies for protecting their clients' best interests. For instance, experienced agents know that sellers may counter with a kick-out clause, which allows them to continue showing the home and consider other offers.
When you list your home for sale, you and your agent must work as partners to ensure it sells as quickly as possible, and for the best price. Accepting the contract with some contingencies is part of the process and your Realtor should help you decide how to respond.
For more information, please call ROY WHEELER REALTY CO. Our reputation for hard work, diligence and unsurpassed service to our clients has stood the test of time throughout the Central Virginia area.
Pricing your home correctly
Back in October, 2006, we wrote that the market was in transition and sellers and their Realtors had to be smart about pricing. 10 months later, this advice is more important than ever. The Charlottesville area now has a year’s worth of inventory meaning if noone else put their home on the market, it would take a year for everything to sell.
Because of this, find out how many homes are in your price range and how many of those homes have sold. Assuming, there are 30 homes on the market and 6 have sold in the last 3 months, a seller should do whatever it takes (especially in their pricing) to make theirs one of the next 6 to go under contract in the next few months.
Kudos for Charlottesville
Charlottesville has the wonderful distinction of being voted one of “The Best Places to live”, a top “Green City” as one of “America’s Healthiest Places to live”, and being known for its commitment to Historic Preservation.
Now, Money Magazine has added to the the Charlottesville/Albemarle honors the recognition of the “2nd Best Place to Retire Young”.This recognition was based on Positive Population Growth, within 100 miles of a major metropolitan area (DC as well as Richmond, VA), Housing costs below $350,000, cost of living, Economic health, college presence, and an abundance ogf Recreation, art, and culture opportunities.
A money saving tip!
Did you know that by paying as little as $25 more than your required mortgage payment, you can save thousands of dollars of interest over the course of your loan. In fact, by paying $50 more a month, the savings can be as much as $40,000 and will allow your 30 year mortgage to be reduced to 27. Check with your lender to get actual figures as it relates to your loan.
Charlottesville Housing Opportunities
The real estate market continues to transition from a sellers market (where there weren’t enough homes to meet the needs of buyers) to a buyers market (where now there are more homes than there are buyers). Most of what you read is doom and gloom and yes, there are instances where folks are being negatively impacted.
Nevertheless, there are positive things coming from this market as well. 1) Buyers now have the time to make an educated decision on their purchase rather than being forced to make a split second decision along with waiving the important home inspection. 2) Prices have come down and interest rates have stabilizedso buyers now have the opportunity to purchase a home that was out of their price range a year ago. So if you are buying or selling, don’t believe everything you read in the media. Instead, contact a Realtor you trust, who will listen to what you are trying to accomplish and give you the facts you need to make an educated real estate decision
Replace Rather Than Regret
Is it really possible for a real estate deal to fall apart over a disagreement over a chandelier? Stranger things have happened when doubts arise over what stays with the buyer and what goes with the seller. Instead of allowing egos and matters of principle to enter into the negotiating process, sellers should clearly identify those elements of real property that are included with the sale of the house. Generally speaking, anything that is permanently attached to the home goes with it.
However, some sellers have every intention of taking chandelier or kitchen appliance with them. If so, they should make their intentions clear to prospective buyers at the outset. Otherwise, misunderstanding and disappointment can lead to broken deals. If convenient, it is best to remove any light fixtures or ceiling fans you plan to take with you and replace them before your home is shown to prospective buyers.
Listing your home with ROY WHEELER CO. gives you the advantage of having a team of experts apply themselves to the task of finding you a qualified buyer as quickly as possible. Our reputation for hard work, diligence and unsurpassed service to our clients has stood the test of time throughout the Central Virginia Area.
Charlottesville FSBOS
Many prospective sellers consider the possibility of selling their homes on their own, not understanding that there is much more to the transaction than they could have envisioned. Actually, homeowners who sell their homes without the benefit of a real estate agent really get less than if they had used one. According to the National Association of Realtors 2004 Profile of Homebuyers and Sellers, homes that were sold without representation sold for almost 15% less than those that had a Realtor involved.
Even when the real estate agent's commission is factored into the equation, it is quite clear that sellers who are represented by real estate agents do better. Many sellers make the mistake of trying to save commission rather than focusing on how much money they will receive upon the successful sale of their home.
The experience of a real estate professional may get you a better price and help you avoid pitfalls in a real estate transaction. If you're thinking of selling your home, call ROY WHEELER REALTY CO. Since 1927, we have professionally served our clients with their real estate needs throughout the Central Virginia area. Whether you are looking for residential, country properties, farms, classic period homes as well as acreage and commercial real estate, we want to make your dream a reality.
HINT: According to the report mentioned above, nearly one-quarter of sellers who tried to sell their properties without the help of an agent indicated that setting the correct asking
price and getting the property ready for sale were their biggest tasks.
IN EVERYONE’S BEST INTEREST
A home inspection conducted on behalf of the buyer prior to closing once may have been considered to be potentially problematic. Over time, however, a professional home inspection has come to be regarded as a vehicle for avoiding complications. This enlightened attitude stems from the fact that both buyers and sellers are well served by having all the available facts on hand before entering into serious negotiations.
With this in mind, the savvy seller may offer a comprehensive home inspection by a reputable and independent contractor as a sales tool. If trust is the cornerstone of a solid deal, sellers have every reason to preemptively offer prospective buyers the findings of a professional home inspection. If you are selling, be aware that our area is fast becoming a buyer's market. Make all needed repairs unless you want your house to be regarded as a fixer-upper. Anything that's obviously broken gives potential buyers a reason to offer you a lower price.
Listing your home with ROY WHEELER REALTY CO. gives you the advantage of having a team of experts apply themselves to the task of finding you a qualified buyer as quickly as possible. Since 1927 we have served the real estate needs of the Central Virginia community.
Home Inspections in Charlottesville
I cannot impress on you enoughthe importance of a home inspection for the buyer and seller. The market has changed in the Charlottesville area allowing buyers and sellers the time to have a home inspection which will save everyone time and money while making the transaction go much smootherand with less angst.
Doing Homework
Sellers in competitive markets want to do everything they can to give themselves
a competitive edge over their competition. With this in mind, sellers should help
prospective buyers do their homework. This means providing prospective buyers
not only with fact sheets about their homes, but the community as well. These
days, beyond the number of bedrooms, bathrooms, and square footage, buyers
want to know about utility bills, taxes, the efficiency of heating/cooling systems,
and even the R-value of windows. The more you tell them, the better they will be
able to make a quick, informed decision on whether to buy.
Listing your home with Roy Wheeler Realty Co. gives you the advantage of having
a team of experts apply themselves to the task of finding you a buyer as
quickly as possible. Our proactive marketing strategies as well as our pricing and
negotiating skills are critical in this current market. Since 1927 we have been
providing quality service in a professional way to Charlottesville and the Central
Virginia area. We would consider it a privilege to provide this same service to
you.
Roy Wheeler home | Search our listings
Farms and estates | Meet our agents | Market insights | Buying and selling | Relocation services | About us | Contact us
Ednam Hall, 1100 Dryden Lane
Charlottesville, VA 22903
434-951-5155 or 877-560-2858 ext 158
