Bob Haas
866-465-6269   bhaas@bobhaasrealtor.com



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  Bob Haas
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Seller’s Info

Have you been waiting for the right time to sell? 

Inventories are at record lows and buyer demand is extremely high at all price levels. Combine this with the lowest level of REO/foreclosure and Short Sale listings in over 2.5 years!
For the past few years the market has been very volatile and a seller has had to compete with REO/Foreclosure listings and Short Sale listings making it very difficult to successfully sell their home. Over the past year we have seen a steady increase in buyers and demand has out stripped sully to a point the practically every listing has multiple offers. The reason for this is aggressive list price strategies have become the norm and most REO and Short Sale listings have been using this as a marketing plan. To this end many listing have bidding wars as buyers try to capitalize on this unique buyer's market where low prices combined with historic low interest rates have increased home affordability to record highs. In fact as history shows when the affordability index reaches 45% the market is stabilizing and may be ready to change. Well statistics show that the present affordability index is at 69% due to in large part, interest rates, but this could change at any time so the time to capitalize on this market is now! Just how low are the inventory levels? The normal daily inventory level for the Santa Clarita Valley, for example is 2600 homes and over the past 3 months it has averaged less than 650 active listings! Other markets show equally low levels making this a great time to list your property. Now comes more good news for sellers, while inventories are at all time low the buyer demand is still extremely high meaning that now a seller looking to sell their home has less competition with distressed listings and if their home presents well, and is marketed correctly then the seller has an excellent chance of selling their home at a great price!
Call me today to discuss the details of how to sell in this market. 866-465-6269.
 


Seller’s Info 

Whether you’re planning to sell your home in the next few months or just studying up for that eventuality, there’s no time like now to prepare. If buying a house seems complicated, selling involves even more responsibilities and expenses.

Here are some common steps to selling your home:

 

1. Preparing Your Home for Sale

Well before you’re ready to plant that “For Sale” sign in your front yard, there is some work to be done to prepare your home for sale.

Remember when you were shopping for your home, how every little flaw and defect jumped out at you? Remember how these imperfections influenced the price you were willing to pay? Now that front door that sticks and the bedroom that never quite closed properly, or those torn window screens, or leaky faucet that you never got around to fixing will be seen with the same scrutiny by every potential buyer that walks into you otherwise perfect home, along with the dirty hand prints on the hallway walls. What do we do about these imperfections? Do you need to completely remodel the home just to sell it? Read on for the answers…

Start making the obvious repairs today, even if you don’t plan to sell until a year from now. These repairs can cost money and take time to correct in addition can cost you thousands of dollars off the selling price or even cost you the sale! Plus fixing it now will allow you to enjoy the results before it’s time to move out.

If you plan on doing some improvements before the sale, the best place to start is where the buyers start: at your curb. Potential buyers base a large part of their decision on a property’s “curb appeal,” so make yours say something positive. That means a tidying up the front yard, a house with well-painted trim, a tidy driveway and a clear, welcoming entryway will attract more potential buyers and command a much higher selling price than one that is worn, tattered, and cluttered.

Inside, the biggest return on your investment continues to be improvements to the kitchen, followed closely by improvements to bathrooms, and the master bedroom. If you’re making these improvements shortly before selling the house, consider painting and decorating the rooms in neutral colors, the most appealing choice to the greatest number of potential buyers.

Inside and outside, start reducing the clutter. When it comes time to show your home, less will mean more. Potential buyers don’t want to see how your closets overflow with clothes, how every room feels cramped with furniture, or how the yard is difficult to maneuver with that rusty swing set in the way. So downsize now; it not only will make the preparation for showing your home easier, it also will make packing for your move faster. 

Holding a yard or garage sale will not only help you achieve the desired results but will actually put some change in your pocket that may even help you to offset any of the improvement costs! 


2. Find a Real Estate Professional

If you’ve been through the home-buying process, you already know how complicated the real estate business can be. While you can opt to sell your home yourself, it can be time-consuming and often not worth the money saved on commissions. Remember when you are selling the property yourself you are working from a pool of potential buyers that is empty and relies on the drive by opportunistic buyer, where as a real estate professional has a huge database of qualified potential buyers as well as a network of other real estate professionals who also have their own databases of qualified potential buyers. This is in addition to a vast array of marketing tools available to them to sell your home for top dollar. In addition many potential buyers are shy about knocking on a strange door to see a home and having a seller hover over them ready to “close the deal”. Working with a realtor allows the potential buyer some degree of anonymity and to be able to freely communicate their opinions about a property without potential conflict. This may actually present the seller with an opportunity to sell the property to a potential buyer who may not buy it under other situations. Additionally many buyer actually see homes during the middle of the week during times when most people are at work.
However, if you do hire a real estate professional as your selling agent, do your homework. Ask friends and family for recommendations, interview several candidates, attend a few open houses and watch the professional in action. Do you think this person would present your house well to potential clients? 

When interviewing me or another candidate, ask him or her to prepare a “comparative marketing analysis” for your house. This might include a demographic of the neighborhood, the quality of schools in the area and a suggested list price for the property.

If you’ve chosen me or another real estate professional to help sell your home, you’ll have to sign a contract stating that you’ll work solely with them for a designated number of months, often between one and six months. This means no other real estate professional will be allowed to represent you the seller of your home during this time. Other agents however may represent buyers and show your home, however all negotiations will be through your listing agent who will qualify the buyers and their offer prior to presenting the offer to you for your consideration.

So put some thought into the professional you choose and if you decide to choose me, I will help you sell your home to a qualified buyer for the highest market price in the quickest, most convenient timeline.

3. Get Your Paperwork Together

After you sign the Listing Agreement with me she will need a lot of documents from you to prepare your home for sale. Among the things she will want to see are:
• Pay-off Notice: A letter to the lender stating intention to payoff the mortgage.
• Assessments or Easements: If there’s a tax assessment or easement on the property, documents stating such will have to be included in the purchase contract.
• Property Taxes: Proof of property taxes paid.
• Utilities: Provide a record of the past 12 months’ utility bills.
·   Permits: Provide permits from local municipal authority for any improvements or additions done to the home.

You’ll want to make it clear now which items in the home you want to take with you – the heirloom chandelier in the dining room, the washer and dryer set you just bought last month – and which can stay behind as part of the home sale. I can help show you which items you should put away or replace before your house goes on the market.

4. Pricing Your Home

There are a number of factors that will affect the success of your home sale. They include: location of the home, interest rates, economic conditions, time of year, condition of the home, marketing the home, terms of the sale, accessibility to the home, and competition.

Some of these are not within your or my control – location of the home, interest rates, economic conditions. The other factors are items you should discuss with me to determine what would benefit the sale of this property most.

For example, marketing your property in more innovative ways, such as on an Internet site like this one, may broaden the pool of potential buyers. If you can, waiting for a good time to sell your home – spring or fall, the most popularly home buying times – also may help it sell faster except in this Seller's market, anytime is a good time. And pricing the home properly can make a huge difference in whether a house is snapped up within the first several weeks of listing or sits on the market for more than a year. A proven fact in home marketing is overpricing a home will actually cause it to sell for less since the longer it stays on the market the more potential buyers believe that there must be something wrong with the home so therefore they will low bid on the home feeling that there is little if any buyer competition.



To price a home properly, you and I will have to study the local market, research comparable properties and consider current market conditions. This is where the “comparative marketing analysis” you requested when interviewing for a listing agent will come in handy as a place to start.

Now check around your neighborhood, your newspaper and Internet sites like this one for:
• Your competition: Are there many properties just like yours for sale in your area right now?
• Listing prices: What are other properties like yours listing for?
• Selling prices: What are other properties like yours selling for?
·   Selling strategies being used: Value pricing, range pricing, auctions?

Based on these findings, I have the experience to help you price your property at the right price for a sale that benefits you.

5. Marketing Your Home

In marketing products that consistently sell well usually do so because the vendor has a good marketing strategy. Selling a home is exactly the same. Allow me to help you to decide where you want to advertise. Will the house be advertised only with a yard sign? Do you want your home listed for sale not only in newspapers but also on Internet sites like this one, and the MLS? Are we going to use “Open house” showings, “Broker Opens”, and “Agent Tours”? If so when will be the best times to do this?

When a potential buyer arrives for an “open house” or drives by and sees the for sale sign, you’ll want to provide a home profile handout that they can take with them. Decide what information should be included in the description of your home that will make it a must-see – and hopefully, a must-buy. Include one or more photos of the home to showcase the most appealing features of your property and help remind potential buyers of what they saw as they visit home after home.

You may even want to include a few lines about benefits of moving to this property, such as good schools, convenience to mass transit and other desirable community features.  You'll work with me to discuss what the features and benefits of your property are.

6. Preparing Your Home for Showing (Your Job!)

Now that you've hired me to market your home and we have set the listing price and how we will market your home we will need to get the home ready to show. As they say, “you never get a second chance to make a first impression”! Let’s take some time to clear out the clutter and spiff up the home to show it’s best.

Now is the time to put on the finishing touches, just like that quick housecleaning you do before company comes over for dinner.

Let’s begin with the outside of your home: When trying to get the top dollar for your home nothing detracts more from a home than trash and clutter, it can literally cost you thousands of dollars! This one simple task can make a remodeled home appear to be a fixer upper. Have and keep your lawn and garden trimmed, the bushes pruned, the weeds pulled, lawn bare spots attended to, and the trash collected. Clutter, put away the garden hose and the tools. Make sure the light bulbs in your home’s exterior lighting fixtures are all in working order. Be vigilant about removing flyers, handouts and newspapers left on your front doorstep or driveway. Clean up after pets on a daily basis. If we are attempting to get maximum selling price than it may be worth touching up the exterior paint, not repaint, just touch up the bare spots.

On the inside of the home: Brighten the rooms by opening the drapes, turning on the lights, cleaning and keeping the windows clean. Clear the clutter off counter tops in the kitchen, bathrooms, and vanities. Clear clutter off the coffee table, dinning room table, and the couch. In the bedrooms, make all the beds and remove clutter from the floors.  Bathrooms, clean mirrors, fixtures, sinks, tubs, shower doors, and toilets. Kitchen, clean fixtures, cook tops, appliances, and cabinet doors. Do a quick vacuuming of the entire house, being sure to catch any cobwebs in the corners along the ceiling. Finally, take out the garbage daily and spray a light air freshener such as Fabreeze, avoiding heavy scented air deodorizers.

Now leave the work to me. Try to be away from home during a showing, but if you happen to be home when the potential buyers arrive, greet them at the door then politely excuse yourself. Make yourself scarce or go take a walk. It’s easier for a buyer to picture himself or herself living in the house when you’re not there. This is your home’s time to shine.



7. Responding to an Offer

Depending on market conditions, you may receive one or more offers for your property from interested buyers. Each offer will include the proposed offer price, proposed closing date, proposed move-in date, financing, and contingencies that may include an appraisal or sale of the buyers’ current home. Let me help you sort through the variables to determine whether you should accept, counter-offer or reject the offer.

If there are multiple offers, each offer will be presented to you in the order registered. You don’t need to decide anything until after you’ve seen all the offers. If you do accept or counter more than one offer, you are required to establish an order of precedence noting which is the primary offer, followed by the backups in order. This will help you avoid selling the house to more than one buyer.

8. Completing the Settlement

Once you have accepted an offer to buy your house, expect to make your house available to a housing inspector, a termite inspector, an appraiser and other inspectors. After seeing the results of the inspections, the buyer may request additional work is completed before purchase, such as repairing a damaged roof or fixing a leaky faucet. You should consult with me to determine whether to comply with the buyer’s request or risk losing this offer.

During this flurry of activity, try to keep your home in show condition. The deal has not closed and still may fall through, which may mean showing your home to more potential buyers.

In the meantime, the buyer is working with a lender to secure a loan for the purchase. When the buyer has written loan approval, a closing date can be set.

There will be a final walk-through before all signatures are collected and the deal considered done. The buyer will go room by room to check that everything is in working condition and, if you had agreed to do so, any additional work requested after inspection is completed.

Now you can prepare for your own move, notify your utility companies of the date to transfer your account to a new address and start packing. Congratulations, you’ve sold your home!

 

Contact Me with ANY Questions You May Have!

 

 
 
 
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