Search This Blog

Monday, June 15, 2009

Five Tips When Selling a Vacant Home

Scott reveals five tips for selling a vacant home:

1. Curb Appeal - the better the curb appeal of your home is, the more attractive it is to prospective buyers.
- Trim overgrown bushes, weed beds and add a fresh layer of mulch- Clean your front door and repaint if needed- Add a fresh doormat- Keep grass cut, edged and blown- Plant some color in the beds to add contrast.

2. Cleaning - for most buyers, dirt equals stress and the last thing most buyers want is more stress in their lives.
- Pressure-wash the driveway and sidewalks.- Clean windows inside and out- Pressure wash decks and patios.

3. Paint - the condition and color of the paint can make a huge difference in how buyers react to your home. Select light neutrals - creamy kakis, pearly grays or soft greens.

4. Replace Worn Carpet - Dirty carpet is unsanitary and nobody will be able to overlook your worn carpet. Replace the top layer with inexpensive neutral colored carpet and you will always recoup the investment.

5. Stage your home - Buyers who look at vacant homes only see floors, walls and ceilings. With nothing else to look at, they focus on flaws. Because of this, vacant houses are very vulnerable to low-ball offers and often sell for 15-20 percent below list price.

For more information, visit www.showhomes.com

Source: Rismedia

Tuesday, June 2, 2009

BEWARE: Many Brokerages Charge Extra Fees

In what's become standard practice at a growing number of real estate brokerages, homebuyers and sellers are being asked to pay flat fees of several hundred dollars per transaction on top of the percentage-based commissions they've traditionally been assessed.

The fees can come as an unpleasant surprise to consumers.

Some who defend the fees say real estate brokerages need to recoup rising overhead expenses and investments in technology. Collecting a flat fee that's paid directly to the brokerage is less onerous to consumers than boosting percentage-based commissions, they say.
The flat fees have become "very widespread," with many brokerages concluding that "if they are going to continue to invest in technology, they need to increase the price" they charge for their services.

The extra charges have been labeled administrative fees, technology fees, transaction fees, web servicing fees, flat fees, and administrative brokerage commission fees.

On a transaction involving hundreds of thousands of dollars, a fee of a few hundred dollars is easily lost on clients. They are just happy to be done with the transaction, they say, 'Don't confuse me with the details.'