AUGUST 2002
Risa's Pieces
Volume 5 Issue 8
Questions I Am Often Asked
How long is it going to take? Eight days? Three weeks? Ninety days? To figure out how quickly you can sell your home, first understand what factors can influence the time it takes to produce a serious buyer.
After listing your home, ask your real estate agent for the average sale time in your neighborhood. This can easily be determined by averaging the actual number of days it took to sell other homes in the same area over a set period of time, such as the previous six months.
Knowing that number, can help you figure out what can be done to speed up the time it takes to attract a buyer. There are three factors that affect the marketing time for a home: price, terms and condition.
If you want to sell quickly, consider the price. A home priced close to the average of recent home sales will go quickly. If your home is in good condition compared to others currently for sale in your neighborhood, your price may be adjusted up to reflect a greater value to prospective buyers. Home buyers always comparison shop.
Terms can also be adjusted. If your home is priced at or above “market value,” consider offering seller financing at a lower than market interest rate on a portion of the price. Flexible terms could attract an entirely new group of buyers.
Impressionable buyers make fast buying decisions based on condition alone. Consider upgrading your home with major repairs or cosmetic improvements. A home that shines can trigger emotions resulting in an instant sale.
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Technology and Your Home: SECURITY SYSTEMS
Security systems: they’re not just simple burglar alarms anymore. Now homeowners can choose from wired or wireless options with motion detectors, glass-break detectors, closed- circuit TV monitoring and panic buttons to notify authorities in emergency. Some can help you in the event of fires or medical emergencies using sensors to monitor points of entry and detect dangerous levels of heat or smoke. They can provide early detection of gas leaks or freezing water lines before damage occurs. Contact a local security company to discuss what system would be best for you.
This months joke:
Question: Why did the crab get arrested?
Answer: Because he was always pinching things
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Log onto OrlandoHomeStore for my current listings, then call me at 407-699-4901 for more information on your favorite properties.
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Question: Do I need an inspection?
Answer: GETTING THE INSPECTION: A MUST FOR BUYERS
A home inspection could be one of the most important things you do before signing a contract for purchasing a home. Once the home is purchased, it’s yours “as is.” You can find a list of qualified home inspectors at www.ashi.org.
A thorough home inspection requires a good home inspector. That inspector will focus on the structure, construction, mechanical systems and overall safety of the house. He or she will make you aware of any needed repairs or damages. Generally, an inspector checks the electrical system, plumbing and waste disposal, water source and quality, the HVAC system, potential presence of pests, the foundation, walls, ceilings, doors, windows and roof. An inspector is not expected, however, to give you an evaluation of whether or not you’re getting your money’s worth.
Another option is to include an inspection clause in the offer when negotiating. The inspection clause gives you an “out” on buying the house if serious problems occur, or it can give you the ability to renegotiate the price if repairs are needed
Have questions? email Risa at questions@risa.net or call her at 1-800-699-4901
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