MAXIMUM REAL ESTATE: Selling in a buyer's market

November 29, 2007

Selling in a buyer's market

How to sell in a buyer's market - Selling Your House - MSN Real Estate

Looking to sell your home in a buyers market? Checkout these tips to help you find a buyer.
You need to make sure the home is clean and clear of clutter, make it presentable to prospective buyers.
Also, think long and hard on the listing price. Is your goal to make top dollar for your property or is your goal to sell your home and move into your next home. either way, make sure you price the property right or the buyers will purchase the house down the street.

1 comment:

M3reo group said...: Working with a sound real estate professional will give access to a range of properties, to help you choose the one that most appeals and caters to real estateneeds.I found one in this regard.; October 6, 2009 at 6:01 AM

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Terms to Know

Easement - A right to use the land of another for a specific purpose, such as for a right-o-way or utilities. An incorporeal interest in land.

Homestead - Land that is owned and occupied as the primary residence. In many states a protion of the area or value of this land is protected or exempt from judgments for debts.

Pre-foreclosures - are homes on which the owner has fallen behind on the mortgage or which have already been taken back by the lender, but haven't yet gone to Auction.

Auction foreclosures - are bank-owned homes that will be sold on the auction block. Auctions historically are dominated by a small numbers of experienced investors, but these days individual homebuyers may be found at auctions as well.

Listed foreclosures - are bank-owned homes that have been listed for sale with a local realty broker. Oftentimes, these homes will be described in the local multiple-listings service, or MLS, as "bank-owned" or "lender-owned.

REO - Real Estate Owned
A term used by lenders to describe real property involuntarily acquired by them through foreclosure. Lenders typically use Real Estate Brokers to market their REO properties.

Real Property - The interest, benefits and rights inherent in Real Estate ownership.

Earnest money - The cash deposit paid by the prospective buyer of Real Property as evidence of good-faith intention to complete the transaction. Its primary purpose is to serve as a source of payment of damages should the buyer default. The earnest money is typically given to the broker at the time the sales contract is signed and deposited into an escrow account.

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MAXIMUM REAL ESTATE

November 29, 2007

Selling in a buyer's market

1 comment:

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