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6/21/2019

Q & A #2 Question: Sell Property Ourselves or Hire a Realtor®

Question: Should you sell your property yourself or hire a Realtor®?

Short Answer: It's not as as easy as saying one or the other.

So, you have decided to sell your property. And hopefully you’ve already made a list of tasks you must develop to successfully carry out this transaction.

Now you must decide if you are going to sell the property yourself or if you are going to hire a real estate agent.

Is selling it myself the best option?

The first option that comes to mind is to sell the property ourselves.

It is a task that does not require advanced knowledge and after all, if we sell it alone, we will not have to pay a commission, right? This may seem like the best option available and you may even succeed; however, I want you to understand something:

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Kay Pedre, RE/MAX Agent serving the tri-county area in South Florida

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Q & A #3 Where can I get Info on South FLorida?

Need some information about South Florida?

Youre in luck. Here it is, gathered all in one are for you. Bookmark this page to reference it when necessary.

Here is some important info on the tri-county area of Broward, Palm Beach, and Miami-Dade

South Florida has a lot to offer.

We have an incredible resort-style panoramic view of the ocean any time we are anywhere along the coast (whether east or west of the peninsula) but here we're focusing on the Southeastern coast: South Florida.

The Atlantic ocean is our playground and sun and fun is a great mixture to have, day and night.

Visit some of the areas' best links to find out more:
www.sunny.org/events

Interested in concerts and free things to do in Fort Lauderdale?
Look no further than fortlauderdaleonthecheap.com

Fort Lauderdale living (things to do and attractions): www.visitflorida.com

Want to know about different communities or neighborhoods in Broward County? Here they are:

Need info on the local government agencies?
See:
Broward County, Florida - County Website County Website broward.orgCity of Fort Lauderdale Website City of Fort Lauderdale, Florida - Official Website ci.ftlaud.fl.usCity of Hollywood Florida Website City of Hollywood, Florida - Official Web Site www.hollywoodfl.org

If its Miami-Dade you're interested in, take a look at www.visitflorida.com

Got questions? Email us! info@REsouthFlorida.com

SUBMIT YOUR QUESTION

Kay Pedre, RE/MAX Agent serving the tri-county area in South Florida

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Q & A #1 Question: What steps should I take to sell my house?

Wondering what steps you should take to sell your house?

Answer: Selling a property may appear to be a simple task because, at first glance, it merely involves putting up a sign, showing it to a great group of potential buyers, and subsequently accept an offer (and the closing day is a breeze).

Reality is far from this perception.

To sell a property one must be informed of a few things in order to avoid legal issues later.

A seller, who decides to be a For Sale by Owner (FSBO), must be careful to perform each and every one of the following tasks:

1. First, prepare the property, making necessary repairs (get a checklist) and gather specific property documentation (lien information from property appraiser, city records, also mortgage records, tax records, association records, repair records, etc.) for the proper sale of the home.

2. Create a thorough CMA, or comparative market analysis, with a few similar homes nearby that have sold within the past 3-6 months, adding and deleting features your home has and calculating accordingly.

3. Establish a selling price, taking in consideration what is owed on outstanding mortgage or other liens and armed with these, design a detailed marketing plan.

4. Hire and take professional photos with correct lighting (after decluttering and thoroughly cleaning and staging) of the property.

5. List the property in a MLS (Multiple Listing Service) or other area where it would get exposure to potential buyers looking in your area.

6. Promote the property by different means (signs, real estate portals, classified ads, social networks, flyers to neighbors, among many more).

7. Be ready to receive a variety of calls from potential customers and screen them.

8. Show and explain each area of the property as requested, this could mean multiple times in a day and/or week or weekend to potential customers.

9. Receive offers from potential buyers and screen them.

10. Negotiate the price further based on inspections and surveys and what the bank has declined.

11. In a perfect world, potential buyer (having obtained a loan to afford the purchase) provides seller with appropriate pre-approved for loan or cash documentation.

12. Accept the best offer and prepare sale transaction paperwork for the sale of the property that includes everything agreed to in the accepted offer.

13. Hire an attorney or deal directly with a closer from a title company and verify proper credits are applied on taxes, insurance, and outstanding mortgage(s) in order to convey the property free and clear of defects.

14. Agree on a closing date that is mutually agreed to by all parties to attend and prepare the property for delivery.

15. Ensure the correct preparation and signing of deeds so it doesn’t become a problem later, and formally deliver keys to the property and its documentation.

Selling a property is an expensive and a task which requires quite a demanding and daunting task.

Usually the amount that is being invested in this transaction is very high. Likewise, the risk of making a mistake is quite high as each step is done sometimes several times. The common citizen performs this type of transaction about 3 times in his/her life.

For this reason we suggest contracting directly with a real estate professional who specializes in your sector or type of property.

Any questions? Feel free to email us yours.
Info@REsouthFlorida.com

sUBMIT YOUR QUESTION

Kay Pedre, RE/MAX Agent serving the tri-county area in South Florida

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