Posts Tagged ‘home seller’

Buyers Agent or Sellers Agent?

That is the question! If you are just starting your journey to purchase a home-Congratulations! This is a huge step. Do you know the difference between a buyers agent and a sellers agent?

Basically the sellers agent represents the interest of the seller and the buyers agent represents the interests of the buyer. Sounds pretty simple.

Sellers Agent- Agent of record on the listing-listed on the sign or in the ad/flyer. This agent has a contractual agreement with the home’s seller to represent their best interest-otherwise known as fiduciary duty. Their first loyalty lies with the seller.
Buyers Agent: Agent who contracts with home buyer to represent him as his exclusive agent and has the same fiduciary responsibility to the buyer as the sellers agent has to the seller. Their first loyalty lies with the buyer.

Dual Agency: This is where one agent agrees to represent both buyer and seller in a real estate transaction. They will agree to represent both parties within the transaction-Apparently giving their first loyalty to both simultaneously.
Assuming the agent is honest and conscientious -and of course we do assume this -he or she will have a difficult time providing the best advice to two conflicting parties and obtain the best possible outcome for both sides. It is very difficult to serve two masters at one time and do it well.

Be an informed consumer. Before you sign a real estate contract, make sure you are engaging the assistance of a real estate agent that has your best interests as their first priority.

Create Visual Space

Home buyers want the most house their money can buy. A large house with a choppy floor plan and small rooms can feel less spacious than a smaller home with an open floor plan. A clean, well-maintained, and spacious home is not only more marketable, but can often command a higher price.

Here are some things to do to visually create more space:

* Position mirrors in the right places to make a room appear larger. Make sure the mirrors reflect what you want to see more of, such as a favorite painting or a lovely window.
* Choose a light color scheme to help open up a room. White, cream, pearl gray, or soft yellow seem more inviting and open because they reflect light.
* Clear out the clutter. Keep decorative objects to a minimum. Porcelain figurines are distracting and can be easily broken. Pick up newspapers and magazines. Put away–or pack away–unnecessary items from countertops in the kitchen and baths. Clutter can make rooms seem smaller than they are.
* Minimize the amount of furniture you have in each room. This doesn’t mean smaller furniture! Just less of it. Sometimes just removing a few pieces will do help make the room appear larger.

Part of my expertise is in helping sellers get their home ready for the market. If you are considering selling and would like some tips on how you can stage your home to obtain top dollar, please call for a personal consultation. I look forward to hearing from you.

Now is the Time to BUY!!

Fall and Winter  is the Time to BUY!!

As the holidays draw near (or to a close) and the cold sets in we tend to become more dormant, much like the real estate market in many regions of the country, making it a great time to get out and buy before conditions likely thaw out by spring. There is still time to get a great deal!

The real estate market typically softens this time of the year. Kids are settled into the school year, the holidays are here, and many put off  buying a home until spring, or at least until the new year.

But the savvy home buyer will take advantage of the current conditions, which, coupled with historically low  interest rates , make it an excellent time to buy.

Homes will typically sit on the market a little longer in the winter which often presents buyers with a good opportunity to negotiate their best deal.

If you have been thinking about buying next year, or plan on buying in the near future, you may want to reconsider your plans to time the market  It could end up saving you a considerable amount of money.

Not only will you risk the probability that prices will rise, but who knows what interest rates will be like next year. Today’s low rates are  incentive enough to think about buying now.  

The chill of winter is setting in (well maybe not so much here in California!) and as the holiday season draws to a close (Happy New Year!) ,  sellers have been realizing they must be more competitive in the marketplace to affect a sale, “Many listings are now beginning to show reductions in price, and sellers are becoming more aware of how they need to  set their homes apart from all the others on the market.”

So if you do start looking in the weeks ahead, be sure to keep an open mind. Always think about the future potential. You can always change the carpet that would clash with your furnishings, paint the walls, replace outdated appliances, or add the back yard patio area that is missing. Remember, if the sellers are anxious to sell or the house has been on the market a considerable length of time, you’ll likely have the advantage in the negotiation process.

Finally, if you do manage to buy and close escrow by the end of the year (too late if you aren’t in escrow already!) you’ll have the added benefit of being able to deduct your closing costs, mortgage interest, and property taxes on your 2012 tax return!

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