Selling
There has never been a more difficult time to sell a home. The current real estate market is flooded with foreclosures and short sales with more to come over the next year.
How does this affect the traditional seller?
It is important to be realistic about your home value because appraisers take foreclosure and short sales as comparisons when valuing your home.
Buyers think that they can get a better deal on a foreclosure or a short sale.
In today's market a traditional seller may not have much wiggle room in their price because the values of the homes around them are going down so much it makes breaking even very difficult. Thus not allowing room for seller concessions ie..closing costs. Or they may not have the funds to spend towards the repair work that the buyer may want done.
However it is not all doom and gloom being a traditional seller, you have buyers that have been waiting on bank approvals for months and have gone through the downs of either waiting too long or being rejected by a bank due to various reasons that are excited about being able to find a traditional seller where they can close in the traditional time frame.
What can Merchants do guide a traditional seller through the process?
Advise you on a reasonable price to sell your home. We put your home on the MLS, market on our Merchants website along with our own agents personal website, syndicate to the major home search engines like Yahoo, Google, Trulia, and Craigslist to name a few. Do open houses alongside a qualified lender, making sure your home is shown to qualified buyers. Help thru the inspection process. Reviewing of contracts, coordinating with buyer's agent, lender, appraiser and Title Company and making sure there are no surprises at the end.
Why a Merchants agent to list your home?
The relationship between a home seller and their Realtor is based on trust, shared goals and understanding. Our agents at Merchants strive to continually improve and to do this we listen and take the needs and wants of our sellers into consideration.
