How do you sell your house online? Real Estate 101
Listing, marketing, promoting and selling a house can be a very complicated process. Keeping track of your progress a matrix such as a real estate checklist this can soften the work.
With this real estate checklist, you can eliminate and eradicate many of the pitfalls, time delays and aggravations, wrong decisions that can build and erupt at any time during the house selling period and process prolonging the transaction and possible legal action. Something to thing about is a short-term loan program known as a “bridge loan” that can help you cover extra cost you’ll have of covering your new mortgage before you’ve sold your existing home, although these loans are costly. You may also be able to use a home equity line of credit on your existing property to accomplish the same thing, but you will have to qualify for it and these days the loan guidelines are restrictive. Essentially you’d borrow against your equity to get the cash for the down payment on the new home.
Banks offer bridge loans and are typically more costly than home equity loans or lines of credit. They are typically a short term solution to help you during the changeover when you havent yet sold your current home but have purchased a new home. These loans are typically 3-4 points more then your typical home equity line of credit or HELOC. Once you close on the new home, do what you can to sell your old home as quickly as possible. Juggling the expenses of two homes at the same time can cause home buyers to panic. Many homeowners get hung up on getting their sales price on the sale and forget that for each month they hold on to their old home, the money they pay for the old home is lost money they would have saved if they marketed it correctly.
Sell your home with low days on the market {DOM}
When and what happens if our home doesn’t sell before we buy the next one does? Understandably we will have one to two mortgage payments, but is there a program out there that can help create a bridge between two loans? Of course there is a short-term loan program known as a “bridge loan” that can help you cover extra cost you’ll have of covering your new mortgage before you’ve sold your existing home and then when you sell your home you pay off the bridge loan in escrow.
In addition, you can also use a home equity line of credit on your existing property for achieving the same thing. Essentially, you would borrow against your property equity to get the cash for the down payment on the new home. They are typically a short term solution to help you during the transition when you havenÕt yet sold your current home but have purchased a new home. Once you close on the new home, do what you can to sell your old home as quickly as possible.
The real estate market is a fast moving world, where everyone is on the move and wants to do everything quickly and faster. People want fast food, fast cars, fast internet service, fast travel and even to sell houses quickly. The first thing that has to be done to quicken the sales process is to get the real estate property appraised from a certified appraiser or a broker price opinion from a licensed real estate broker. This is to assure that you list the right price when making sales pitches online about the house. Giving the right price greatly augments the sales proceedings and offering incentives also help curtail the sales cycle, again DOM. The probability that the buyer will get the intimation that you are frantic to sell, but if you do turn to this to hasten the sale proceeds and then try to get you to recognize a bargain-basement price and do not loose your pants. Hector Aldana Real Estate Agent Broker San Francisco SF.
Hector Aldana Real Estate Agent Broker San Francisco SF. 415-796-0086
How do you sell your house online? Real Estate 101
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