This is the time of year where people look forward to the holidays and start thinking about New Year’s resolutions. If you plan on selling or buying a Windsor property in 2013, this month I will be listing resolutions that you need to know to have a successful real estate experience.
While no one can predict the future, all signs lead to a slightly improved 2013 in regards to real estate. However, it all depends on you, as either a buyer or seller, to get the most out of your property. There are several steps you can take to make sure that you aren’t taken for a ride on what is probably one of the biggest financial transactions you may ever take.
So check in every day this month for the best tips on buying and selling your home in 2013. You can rest assured that by following these “resolutions,” you will get the most bang for your buck.
The first thing both buyers and sellers should do when they have decided to embark on the real estate experience:
Contact a professional real estate agent.
Let’s look at it this way, and as I have mentioned several times, you don’t have a tooth pulled without going to a good, and hopefully, pain-free dentist. You don’t have surgery, unless you have a reputable, experienced surgeon. Too many things can go wrong if you don’t work with a professional.
The problem is, with the Internet, and information available at your fingertips, so many people think they can buy or sell a home themselves. Well, there are some that do. Some do okay, but many more don’t. It ends up costing them several thousand dollars that could have stayed in their bank accounts. So why do you need a real estate agent?
You want someone who knows what they are doing. When you make the decision to sell your home for example, you want to make sure that you are asking the right price. You don’t want it to be too high, which means you won’t get a single buyer, and you don’t want the price to be too low, so you lose money. Finding the right, experienced real estate agent gives you peace of mind that your home is priced right.
2. Agents serve as buffers.
If you are selling your property, you just don’t want to open your home to just anyone. Same if you are buying a property, you don’t want to see a home that is not what you are looking for. Why waste your time? In a nutshell, agents take the “spam” out of your search and visits.
3. Neighbourhood Specialist:
Good real estate agents know the scoop on all the neighbourhoods. They can let you know if a home is overpriced, what the school district is like, if any commercial buildings are popping up and so on. If selling a property, they can guide you in the right direction of what homes are selling for, who have upgrades and how long a home has been on the market. This is not the time to hire a friend who is just getting started. Rather, go with an agent that has intimate knowledge of your community or town.
Keep in mind, agents don’t select prices for your home. And they can’t tell a buyer what to offer on a property. But they can guide clients to make the right choices often providing money-saving advice. Because buying and selling a home can often be very emotional for clients, a real estate agent can often be the level headed professional to keep the client on track.
5. Market Information:
In the buying and selling process, you need an agent that can give you straight market facts. Information such as how much the average per square foot cost of homes, median and average home prices, average days on the market among other issues should have a big impact on what a buyer or seller decides to do.
When you are buying or selling a home, you want to know that you will have access to the well recommended professionals in the business. If you are selling your property, you want to know that your real estate agent is contacting other agents who have clients that will be interested in your property. If you are buying, then you want to know that your agent is networking on your behalf. Agents are also good for providing a list of references of vendors who have excellent reputations.
Perhaps one of the more important skills a real estate agent should have is good negotiation skills. This benefits both buyers and sellers as they can remove themselves for the emotional aspects of the contract process. Keep in mind, that real estate agents are not simply messengers delivering your offer. Instead, they are professionals who can best present your case. Also, all information is kept confidential.
The paperwork involved in the real estate process has increased ten fold in the past several years. It is no exaggeration that the total amount of contracts can be three inches in thickness. Make one little mistake, and it could land you in court or cost you thousands of dollars.
So that is the first step when you decide to make 2013 the year to buy or sell real estate. No question about it, interviewing at least three good and highly recommended real estate agents should be at the top of your list before you even get started. Even if you have not made the final decision of buying or selling a home, sit down and talk with an agent to discuss your situation. Listen to their feedback and suggestions. Only then should you proceed.