How to Sell Your Home in a Buyer’s Market
You may have heard it said time and time again, but what does the term “buyer’s market” really mean?
Simply stated, a buyer’s market is a real estate market, or climate, that generally favors a buyer. Aka those who are looking to purchase a home. Typically this means a large supply of homes and very few buyers, resulting in sellers catering greatly to the needs of the buyer, often resulting in homes sold at lower prices.
In this blog post we will break down the 3 leading factors that contribute to a buyer’s market – and how to overcome these factors and actually get your home sold despite the current market.
Buyer’s Market Factor #1: Large Inventory of Homes
When home seekers have more homes to choose from the direct result is that buyers receive the edge because there are more homeowners competing for the same reduced number of buyers in the market. More sellers and less buyers usually drives down the price of homes because buyers can often negotiate better prices and terms with sellers who are motivated and whose homes have been on the market for an extended period of time.
Combative Technique for Sellers:
- Given the right tools, your home can stand out from the inventory of homes available. The edge is in the marketing. Think of it like candy bars. There are literally hundreds to choose from, but those creatively positioned in the checkout line get purchased the most. Product placement is a huge driving factor here, and the same principle very much applies to selling your home in a buyer’s market. If you partner with a Team of Realtors that can correctly place your home in front of buyers with proper positioning and creative marketing, then you can get your home sold quickly.
Buyer’s Market Factor #2: Smaller Pool of Potential Buyers
Qualified buyers have the upper hand in a buyer’s market because not only are they in high demand because of a surplus of homes, but they can also leverage the fact that they actually have the money to spend on a home. Today’s market also has stricter lending standards, which can make the buyer pool even scarcer. Sellers can find it difficult to find these qualified buyers to market their homes to.
Combative Technique for Sellers:
- You need a real estate agent that will put your home in front of a target audience ready to buy your property.
- The right Realtors can provide a steady stream of potential buyers.
- Finding the correct potential buyer can be difficult and time consuming, but Realtors will screen buyers for you and ensure that you only deal with qualified buyers.
*Are you a buyer looking for mortgage lending options? Check out our post: 10 Tips for Speeding Up the Loan Process
Buyer’s Market Factor #3: Extended Time on the Market Creates Desperate Sellers
Another popular instance in a buyer’s market is having homes that have been on the market for long periods of time. When there is more supply than demand, buyers aren’t quick to snatch up the homes they see for fear of someone else purchasing the home. When a seller finally gets someone interested in purchasing their home, often they sell for lower than the price they want and at terms that favor the buyer simply to get the deal done – the seller wants to put a sold sign in the front yard and move on with life.
Combative Technique for Sellers:
- Selling your home is like forging a high stakes business deal. If you go it alone, often times there are things you can miss and a lot of places where you can sell yourself short if the area you are dealing with is not your field of expertise. This same type of thing happens when homeowners try to sell their home on their own, or partner up with a Realtor that can’t give them the edge they need to get their home sold and protect the homeowner’s best interest.
If you are looking for a real estate agent in Dallas, Fort Worth, and surrounding areas then we have found the BEST partner for you.
The Tosello Team has a history of:
- Getting homes sold even in a buyer’s market.
- Selling over 600 homes that had been listed with other agents and did not sell.
- Securing the best and highest price point possible for your home.
The best part that is that it is free to get in touch and learn how The Tosello Team can market your home even in a buyer’s market. Give us a call right now: 817-656-3519, or if you are a little phone shy use this contact form.
If you are done with being frustrated with not being able to move your home, then contact the Texas Realtors that get the job done. The Tosello Team SELLS homes.
10 Tips for Speeding Up the Loan Process
This post is brought to you by Texas mortgage lender Rich Hebert.
You and your family have finally found that perfect dream home, and everyone is excited and eager to move in to start new beginnings. The only thing now standing in the way, however, is the lengthy stress-filled loan process that you certainly are not looking forward to. We can show you how to make the loan process a more relaxed experience and also provide helpful strategies on how to effectively speed things up.
Please keep these tips in mind while seeking your loan:
Quickly provide all documents we request such as bank statements, tax returns, employment verification, proof of income such as pay stubs, statement of assets, divorce/separation papers, evidence of mortgage/rental payments, gift letters if part of your down payment is coming in the form of a gift from a friend or relative, bankruptcy statements, DD214 (military applicants), Retirement and other income, social security card, photo identification, etc.
Opt for pre-approval in order to lock in a desired rate. Pre-approval can also enable you to know the exact amount you can afford and to eliminate potential problems that might occur during the regular loan process.
Do not transfer or add funds to your account(more than $250) without saving documentation of its origin; for example, a paycheck stub, a copy of a check prior to deposit, money order receipt, etc.
Acquire a copy of your credit report from all credit bureaus and be ready to explain any discrepancies such as delinquent payments and/or outstanding debts. It would be beneficial to resolve any disputes with creditors expeditiously.
Be honest, accurate and complete when filling out your loan application. Do not misrepresent your employment information, residence history or financial information. This could jeopardize your loan and may result in denial of the loan.
Keep all necessary documents and financial records in the same place for easy access, such as a file folder.
Refrain from adding debt between the loan application and closing in the event we have to re-verify your debt at the last minute. Any new debt may escalate your income to debt ratio, and thus could adversely affect your loan.
Promptly return phone calls and emails to your loan officer, and provide the officer with additional requested information as soon as possible.
Order an immediate appraisal of the property.
Use experienced persons when selecting realtors, inspectors, appraisers, surveyors, and other professionals involved in the process.
These tips for speeding up the mortgage loan process are brought to you by Rich Hebert of Lending Edge Mortgage. Rich is a Texas based mortgage lender. If you are ready to get into your dream home, discover the loan that is best for you: http://mortgagelendertx.com/.
Learn how to get fast and affordable financing here or call: 817-485-4155
Rich Hebert, Vice President for Lending Edge Mortgage knows what it takes to deliver first class customer service and excellence in the mortgage business. He has been a Top Producer since 1993 with major banking entities in the Dallas/ Fort Worth area.
5 Benefits of Having Title Insurance
While many people have heard of a title attorney and title insurance, some may not understand the benefits of actually having title insurance in place. In order to ensure the smoothest transition possible, it is important for you to secure title insurance.
There are also instances in which case it is mandatory for you to acquire title insurance, like when it is stated in your contract, so it is best to have a title attorney in mind when conducting real estate transactions.
What is title insurance?
In short, title insurance protects an owner or lender’s financial interest in real property against loss due to liens, title defects, or other instances.
When you actually purchase a home, it is essential for you to be 100% sure that there are no problems with the home’s title and that the seller can legally sell you that property.
Did you know that about 1/3 of all title searches reveal a title problem?
Several hidden problems can come to light, even when you conduct your own title search, including:
- Errors or omissions in deeds
- Mistakes in examining records
- Forgery
- Undisclosed heirs
These mistakes can make it almost impossible for you to enjoy your new property purchase, and can cause you to have financial losses.
Why do you need Texas Title Attorney Nancy Carroll, P.C. on your side?
1. Ensuring Transactions and Purchases Close Smoothly
In general, real estate transactions can become very complex and involve a lot of detail. It is very important that your interests are protected! Nancy Carroll, P.C. will do all of the leg work, and make sure that you do not have to worry about details such as:
- Ensuring the seller listed on your contract is in fact, the rightful owner of the property.
- Researching any liens that may be held against the property.
- Transferring ownership and issuing title insurance during closing.
2. Competitive Closing and Settlement Fees
When attempting to negotiate deals and perform research yourself, you can actually find yourself spending much more money than you actually need to spend. An attorney can help ensure that you are closing at the most competitive rates and settlement fees.
3. Saving Time and Avoid Costly Mistakes
When purchasing or selling real estate, there is so much detail involved that the entire process can feel like a full time job. Couple the emotions of making a move with the pressures of work and family life and it can cause you to miss minor details that can actually hurt you financially down the line.
It is of the utmost importance that you purchase a property with a clear title, and Nancy Carroll, P.C. will help to ensure that this happens for you.
4. Clearing Hidden Risks So You Have Peace of Mind
There can be many matters or “hidden risks” that exist with your title that may not be shown on public records. Things such as forgery, incompetency, fraudulent impersonation, etc. can greatly affect your real estate transaction.
Nancy Carroll, P.C. can protect you against these errors by providing you with insurance coverage for these claims.
5. Protection for Sellers as Well
Just because you are selling your home, does not mean that you should not look into title insurance. In fact, offering title insurance can make your property more attractive to potential buyers. After all, as the seller it is important to protect yourself from breach of warranty because you responsible for holding a clear title to your property.
Learn more about getting title insurance in the state of Texas. Call Nancy Carroll, P.C. for a free phone consultation right now: 817-310-0136.
This blog post is sponsored by Nancy Carroll, P.C. – www.TxTitleAttorney.com.
The attorneys and staff at Nancy Carroll, P.C. have successfully negotiated hundreds of cases including short sales negotiations, foreclosures, receiverships to stop foreclosures, homeowners’ rights, and more.
Schedule a free phone consultation with your Texas Title Attorney / Real Estate Attorney:
817-310-0136 – Title 817-732-1515 – Law
Why 2012 Is THE Year to Sell Your Home
We know that most likely you have thought about selling your home in the past, but with everything you hear about the current “market” you may be leery about putting your home up for sale at this time. In fact, the thoughts of staging your home for sale, finding a Realtor, and going through with the entire process can seem very overwhelming, but the truth is that it doesn’t have to be!
Now is the time to make a decision about selling your home. Why you ask? First of all when do sellers think they should list their homes? In the spring correct? So therefore the January through March market will have less supply for your home to compete with than the spring market. Let’s take advantage of that fact and maximize your equity! Buyers are out there now taking advantage of low interest rates and the supply of houses is indeed low! So don’t delay!
Call us and work with a team of Realtors that has a history of getting homes sold in about 4 – 6 weeks!
There is a way to get your home sold quickly and for a top dollar even if it is what people are calling a “buyer’s market!”
How can you get your home sold in the quickest manner with the highest possible price point? The answer is simple…
Why Houses Don’t Get Sold – Insider Views, Tips, and Strategies
This is the beginning of our ongoing series: Why Houses Don’t Get Sold – Insider Views, Tips, and Strategies. In these detailed posts you will learn reasons why your house hasn’t sold, and how our decades of real estate experience can help you get your home sold!
Overcome the Frustration and Get Moved
We know that like many families, you’ve got plans to get moved and your house hasn’t sold. This means that you are probably frustrated right now with the whole process…maybe frustrated with real estate agents. All you want right now is to get on with your plans.
Well let me say this; don’t give up on your plans!
Why should you listen to us? Because the Tosello Team has focused on getting expired and cancelled listings sold – quickly. We have gotten hundreds of houses to the closing table, typically in about 4 to 6 weeks.
If you are ready to move, get your home closed, and move on with your life, then call this number right now: 817-656-3519
Let’s look at some of the reasons that houses don’t sell and get your home sold and your family moved!
Part One – Communication
Over the past years, the number one complaint we hear from sellers of homes that haven’t sold, or expired listings, hands down, have been that the seller has not heard anything at all about what was going on with the house, their agent never calls them, and the communication lines are non-existent.
Homeowners that choose to sell their house with the Tosello Team never have this complaint, because we have regular and ongoing communication. If fact, we will always communicate with you at a regularly appointed time.
It’s been a buyer’s market for the last few years, and when values drop, if you don’t keep your seller’s plugged in to communication, then there is a lot to lose.
The Tosello Team SELLS Homes! Frustrated with not being able to move your home? Then call us today: 817-656-3519
The Tosello Team Has Joined Forces with Keller Williams
Welcome to our new website! This new blog style website is completely social media enhanced and will become a new central hub for the Northeast Tarrant County Community. Be sure to subscribe to our RSS feed, follow us on Twitter, and “like” us on Facebook for the latest updates.
The Keller Williams Difference
We are now part of the top selling offices in Northeast Tarrant County, bringing you the most effective tools to obtain the highest degree of exposure resulting in the fastest sale possible at the highest price possible.
Keller Williams® Realty, Inc. is an Austin, Texas-based, real estate franchise company with more than 80,000 real estate agents, operating in approximately 690 market centers (offices) across the United States and Canada.
Keller Williams Realty is currently the second-largest residential real estate company in the United States.
The Tosello Team Factor
With over 50 years of combined experience, the Tosello Team has what it takes to actually SELL HOMES – even in today’s market! More than just selling homes, our goal is to represent you and become your real estate agent for life.
We’ve put together a Team of Professionals to help us help you through each and every phase of selling your home.
Looking to Buy or Sell Your Home?
If you are looking to buy or sell a home in the Northeast Tarrant County area, then you need to be represented by the best! Contact us right now so that we can help you to achieve your desired goals!
Call: 817-656-3519 or
Email: pctosell@airmail.net
