Watch this 3 Minute Video On Multi Family Housing!
WHAT IS A MULTI FAMILY HOME?
Duplex, Triplex, and Fourplex are the Multi Family Home that act like a Single Family Home for lending purposes as long as you live in one of the units! You get the added bonus of Rental Income.
But, where do you find these properties? Not always where you would think? LoopNet is a good source to start, so is letting your Realtor® know that you are interested in Income Producing property that you can also live in!!
Call me to discuss your options and your investment strategies!! Also, we can go over the questions you will want to ask your CPA before making any investment purchases.
There are so many things that need to be done before you list that will make sure that you are sold during the Shiny Penny Stage!!
Clear out all the items you don’t need
If you need to give away or toss items do that before you list!
Be sure to refold and organize your closets
If it is not in season, box it up and store it offsite or in the garage!
Make your home picture perfect–at ALL TIMES!!
Take your phone out and photograph your entire house and see what others are seeing (we tend to overlook things, that others won’t)
Look at your outside as well!! Act like you are a prospective Buyer and see what they might see!
Be careful about smells!!
Go outside breath the fresh air and then walk into your home, what do you smell?
It should smell pleasant and no pet smells
Neutral scents are Vanilla (year round) and in the Winter Cinnamon
We All Want to Get the Deal Done at the Right Price!!
Pricing your home can seem daunting, but it doesn’t have to be. The most important thing to know is what is your bottom line and then talk with your agent to figure out how to get there.
It seems simple enough-Put your home up on a website (take your pick there are many to choose from), a buyer will come, you will say yes to their contract, and the next thing you know you are signing closing documents! Well…NOT Quite!
1) Making it known that your home is for sale:
a. There are some ways to let other realtor’s know that your home is for sale that are more effective and require a licensed realtor to be involved.
b. There are international marketing venue’s that are also not readily available to the general public.
c. But let’s assume that you use the normal For Sale By Owner websites and people do see your home for sale…then what?
2) Qualifying Buyers:
a. When you are a For Sale By Owner, do you know how you are going to decide whether someone is not only financially qualified to look at your home but are trustworthy to be in your home!
b. A licensed Realtor® should always be in your home when potential buyers and are interested in looking at your home. Additionally, both agents are interested in making a deal work and not just looking at homes they are not interested in buying or they do not see the buyer’s agent has a bona fide buyer for. (Lockbox on an occupied home is NOT ideal—if this is important to you make sure you ask if your realtor will be in attendance during showings, if you decide to interview realtor’s)
c. How do you know what the buyer is thinking without seeming needy? Do you have a solid follow up plan? Do you know how to handle objections without getting personally attached to the outcome?
3) Making the deal:
a. On the surface it seems that the price is all that you need to worry about, but that is not true! I just heard of story of a For Sale By Owner that did not know until the day of closing that he agreed to 3% concessions and thus inadvertently paid what many would charge for commissions and still had all the headache of selling the home. On the day of closing when he said he didn’t know that he agreed to the concessions there was nothing he could do—He signed it! (it could have been a lot more—he would have never known until the day of closing)
b. Also, many Realtor’s will ask for more in commissions when working with a For Sale By Owner since they believe when it comes to the timing of various items in the contract it is going to be up to them to make sure that time lines are adhered to.
4) Getting to Closing:
a. If all the drama was over with in the last 3 steps perhaps that could be bearable. But, alas just as in engagements approximately 50% of all real estate contracts do not make it to closing! Some call it quits the same day or that week and then others a couple of weeks in, and then there are those that fall apart right at the time that closing seemed all but certain. Do you know your rights or lack thereof? Do you know how to smooth the deal over at the last minute so that you still close? Many a deal has been close to calling it quits at the 11th hour only to have the realtor’s working behind the scenes to make everyone happy and keep the deal together…all while their clients are asleep thinking everything is fine.
b. Do you know all the steps that are required of the seller to make the process go as smoothly as possible and to keep track of the buyers progress? There are things you can do and things you cannot do to track your buyer’s progress—not even all Realtor’s know—be sure to ask!
Let me know when is a good time to preview your home so I can provide the details to those who ask.
So it has been a couple weeks since I sent the 1st email on how to sell your home yourself. Hopefully, during these last few weeks your home has already sold or is under contract.
If it is, congratulations!!! If not, perhaps it is a good idea to read on…
“Are you ready to put your home on the market?”
Many times we think we just need to let people know our home is for sale and then that is it, it will sell on its own. I hope you find the tips on “How to Market Your Home” below valuable.
If you are still interested in selling your home and moving to your next home I would love to help you by being able to say at the next Brokers meeting that I have a pocket listing and provide details of your home to help find you a buyer.
Let me know when is a good time to preview your home so I can provide the details to those who ask.
Did you know that 65% of all people who try to sell their homes on their own eventually end up hiring a professional real estate agent?
Selling a home in today’s market can be extremely complicated and stressful! Give me a call, and I will provide you with a no-cost, no-obligation market analysis of your home.
Let me show you why hiring me to sell your home is the best option for you.
Give me a call today and let’s see how to get you the most money!!
If I can do anything to help you get your home sold, including finding a buyer I would love to do so.
I would like to promote your home on my Social Media when you get professional photographs done. If you need any staging items do not hesitate to let me know. I pride myself in finding the right home for my buyers in a very small number of viewings. This is done by me knowing the inventory and focusing primarily Mid-Phoenix areas. My experience of selling over 75 homes in the last 2 years…not just listing, actually closing!
I have several pieces of information that I will send to you over the next few weeks that will help you prepare for the For Sale by Owner process; also if there are ever any questions that I can answer for you please do not hesitate to call me.
We All Want to Get the Deal Done at the Right Price!!
By Sherri Sue Parkin of Berkshire Hathaway HomeServices Arizona Properties
Pricing your home can seem daunting, but it doesn’t have to be. The most important thing to know is what is your bottom line and then talk with your agent to figure out how to get there.
So your potential buyer loves your home, but the price seems so high, so what? You know you have a good amount of cushion in the price because you want the buyer to feel they got a deal.
This is best for properties above the Jumbo loan limit; properties listed above $600,000–price them wherever you think you will find buyers and then give them a deal!!
Price Low
Get a Feeding Frenzy Going!
OMG Multiple Offers!! Price a little under the Market Price and attract the best offer out there!! This can be a little stressful there is a lot to think about when deciding the best offer. Pre-qual, concessions, closing time, contingencies, just to name a few!
This pricing strategy is for homes below $300,00.
Price Just Right
Know you priced it perfect
When you price it right you know your perfect buyer is right around the corner. The buyer who wants your home and believes in its value. This is really a relaxing point of view! This Pricing is best between $300,000 and $600,000
The Limit is due to the Jumbo Loan Limit of $510,000.
Pricing doesn’t have to be difficult!
Call me and we can discuss your best pricing strategy!!
If you want to discuss your pricing strategy give me a call!!!
To set up your own personalized consultation NO obligation call/text me at 480-809-5853
When I first told my Broker I wanted to do 90 day listings she was a little taken aback to say the least!! In fact we had quite a heated discussion about it. But, in the end I stuck to my plan and it WORKED!!!
During an 18 month Period-Here Are My Listing Statistics!!!
41 Homes Sold in 2 Weeks or Less
15 Homes Sold 16-31 Days
8 Homes Sold 32-60 Days
5 Homes Sold 61-90 Days
3 Homes Sold 91-119 Days
1 Home Sold over 120 days (Crazy Escrow that fell out)
TIME IS MONEY…NOT ONLY TO YOU!
BUT TO ME AS WELL!!!
One of the first things I ask in a Listing Appointment is, “If I got you an offer this week are you ready to sell?” Their reaction tells me EVERYTHING!! Surprisingly not all Sellers are ready to sell!!!
If YOU ARE READY to get a SOLD sign in front of your home CALL ME 480-809-5853!
Let’s talk for 15 minutes and figure out why your home
