Real Estate Tips with S&L
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Lana & Sherri discuss the current market. Sellers, it is still a great time to sell with low inventory. Buyers, don't get discouraged with rising interest rates, the market is balancing - not crashing! Now is the time to buy!
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Lana & Sherri discuss Agency Disclosure Form. What they are, who they are for, and why we need them!
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Lana & Sherri discuss scheduling a showing through a third party website.
When we put a new listing on the market, we upload them to the Multiple Listing Service (MLS). Then, many third party websites pull our listings to show on their website (Zillow, Realtor.com, etc.).
On these third party websites, there is an option to schedule a showing directly from the site. The problem with this, is it usually connects you with a different buyers agent that may not know everything about this property.
Best practice is to have your real estate agent that you are already working with make these showing appointments for you! If you do not have an agent, reach out to the listing agent directly to learn more about the property.
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As real estate agents, it does matter. All agents can say they were #1 at something for a given moment, but can they say they are #1 consistently?
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So you just put your house on the market, what happens next?
SHOWINGS!
In today’s episode, we dive into the multiple types of showings, private and public, and how each can be beneficial in getting your home sold for top dollar!
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So you have just accepted an offer on the house you listed, what’s next?
1. Massachusetts is an attorney state, so I will notify your attorney right away and provide them with documentation.
2. The buyer may choose to have an inspection done. Usually within 7-10 days.
3. Sign the Purchase & Sale Agreement.
4. The buyers lender will order an appraisal if the buyer is financing.
5. The lender may also order a tape survey; you will not be notified. Exterior only.
6. Smoke detectors must be inspected by the local fire department.
But, as your listing agent, I will be there to guide you through each of these steps as we prepare to close on your home!
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Sellers, there are three little words in real estate that we absolutely love to hear... Clear to Close! So what do we need to prepare for a closing?
1. Get final readings for utilities.
2. Utilities should be transferred, not terminated.
3. Plan to be out of the house 24-48 hours before closing.
4. Don't leave 'gifts' behind without buyers approval.
5. Leave the house move-in ready for the final walkthrough.
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Open House Etiquette for Buyers:
DO sign in! Sellers have a right to know who is in their home.
DO ask as many questions as you want about the home.
DON'T overshare personal or financial information with the sellers agent.
DO open closets & cabinets.
DON'T open personal belongings (ex: dressers).
DON'T treat an open house as a home inspection. This is simply for viewing the home.
Lastly, remember that Open Houses are open to everyone - neighbors, agents, other nearby sellers, etc!
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So you just accepted an offer, what's next?
1. As your buyers agent, I will schedule an inspection within 7-10 days.
2. Inspections take about 2-3 hours.
3. Allow for more time if additional testing is needed.
4. Pest inspection may be required by your lender.
5. The inspector checks everywhere, including crawl spaces and attic.
6. Be mindful of the deadline to communicate issues after inspection.
As always, reach out with any additional questions. You can find me at Coldwell Banker in Leominster!
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