Thinking About Selling Your Home?
We are experts in the Pittsford, NY, market and will guide you through the entire process to sell your home or investment property. The marketing plans at Alan Wood – RE/MAX Plus assure your property maximum exposure, and we pride ourselves on personal service. We encourage you to contact our office with your questions and to discuss your individual needs.
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Let’s Get Your House Ready for Market
Are you interested in selling your home? Contact us to schedule a consultation.
Are You Selling a Home? View Our FAQs!
What is the difference between market value and appraised value?
Market value is an informal estimate of a home’s worth. It is determined by real estate agents and brokers based on sales of comparable properties in the area.
How is a home's value determined?
Appraisers also take lot size, topography, view, and landscaping into account. They also consider recent sales of comparable properties to determine how much a home is worth.
What standards do appraisers use to estimate value?
Should I add on or buy a bigger home?
Cost: Will it be more cost-effective to remodel the current home or move into a bigger house?
Space: How much space is required? Will the foundation support the added space needed to remodel?
Zoning: What do your local zoning and building ordinances permit?
Equity: How much already exists in the property?
Local Market: Are there properties for sale within your budget that would satisfy your real estate needs?
What are some tips on negotiation?
The more you know about a seller’s motivation, the stronger a negotiating position you are in. For example, a seller who must move quickly may be willing to pay a lower price with a speedy escrow.
Remember that the listing price is what the seller would like to receive but is not necessarily what they will settle for. Before making an offer, check the recent sales prices of comparable homes in the neighborhood to see how the seller’s asking price stacks up.
How do I prepare the house for sale?
Also, clean your house, make sure the basic appliances and fixtures work properly, and use an air freshener to give your home a pleasant and inviting scent.
Do I need an attorney when I buy a house?
You should especially be clear on the terms of any contingency clauses that will allow them to back out of the contract. If you have any questions, it may be advisable to consult an attorney to avoid future legal hassles.
What repairs should the seller make?
If you want to get top dollar for your property, you should make all minor repairs and select major repairs before going on the market.
Virtually all purchase contracts include an inspection clause that allows buyers to back out if numerous defects are found.
Will a neighbor problem reduce the value of my property?
Review your local laws and check into local zoning and noise control ordinances to determine if your neighbor is in violation of any rules.
Before getting the authorities involved, you may want to make a copy of the pertinent ordinance and give it to your neighbor to give them a chance to correct the problem.
What contingencies should be put in an offer?
A financing contingency makes the sale dependent on the buyers’ ability to obtain a loan commitment from a lender.
An inspection contingency allows buyers to have professionals inspect the property to their satisfaction.
The purchase contract must include the seller’s responsibilities. This may include maintaining the property in its present condition until closing and making any agreed-upon repairs to the property.
Is a low offer a good idea?
When is the best time to sell your house?
The real estate market tends to pick up as early as February, with the strongest selling season lasting through May and June. Following a summer slowdown, real estate sales activity tends to pick up for a second, although less vigorous, fall market, which usually lasts into November when the market slows again.
What is the difference between list and sales prices?
The list price is how much a house is advertised for. This is usually an estimate of what a seller would like to get for the property.
The sales price is the amount a property actually sells for. Depending on how accurately the property was originally priced and on market conditions, it may be the same as the listing price.
What are the most important factors when selling a home?
Second, go through the house and repair any obvious cosmetic defects that could deter a buyer. To attract buyers in a down market, you may have to consider lowering your price and/or making a major repair, such as replacing the roof.
Also, make sure that your home is getting the exposure it deserves through open houses, advertising, good signage, and a listing on the local multiple listing service or online listings provider.
Where do I get information on housing market stats?
How do property taxes work?
Are property taxes deductible?
What is an impound account?
What is seller financing?
This is different from a traditional loan because the seller does not give the buyer cash. Instead, they extend credit against the home’s purchase price while the buyer executes a promissory note and trust deed in the seller’s favo
What are the benefits of seller financing?
Can you sell a home for less than its mortgage?
How does a home go into foreclosure?
The lender will notify the borrower in writing that they are in default. Unless the debt is satisfied, the lender will foreclose on the mortgage.
How long do bankruptcies and foreclosures stay on a credit report?
How does someone sell a slow mover?
Another option is to pull your house off the market and wait for the market to improve. If you have no equity in the home and are forced to sell, you could discuss a short sale or a deed-in-lieu-of-foreclosure with your lender.
Rochester, NY 14618