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Attention: For Sale By Owners
If your home or property is located in the Hudson
Valley region,
you can advertise it right here on our popular websites.
Currently, this page is
rated high on Google
for the search: "homes for sale, Hudson
Valley"
Your home ad will be linked to from that page and many others on this
and
www.hudsonriverproperty.com .
Our sites get noticed on Google for many real estate related searches
in the Hudson Valley. Try it and see. |
If you want to sell your home fast you must get it ready first.
Even if your buyer shows up tomorrow with all
cash,
unless your home is legally ready and meets local codes you can't transfer
title.
If you have put any additions onto your house since you bought it, you'll need
a certificate of occupancy on those additions or it can't sell.
So, to start the process get all your
paperwork in order.
The next
thing you need to do is decide whether to sell it on your own
or use a broker/agent.
Setting a price
When to sell
Making your home attractive to buyers
Marketing plan
Paperwork
Money and financing |
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SETTING A PRICE FOR YOUR HOME
Setting an accurate price is the most important and also the most
challenging thing you can do.
If you set it to high, it will not get many viewings,
and if you set it too low, you will of course lose money.
This is the number one reason
you should have a professional help you sell.
Brokers and agents are constantly studying the market.
Unlike most products
each piece of real estate is entirely unique.
There's no property exactly like it. This means that
you cannot arbitrarily set a price.
Just because a neighbor
sold HIS house for X dollars has very little to do with YOUR property.
There's always a
difference, even if the homes appear to be alike.
For example, it may be a different TIME, the interest rates might be
different,
the economy may have changed, or the neighborhood may have changed.
And of course, the BUYER is always different.
Different buyers have different motives and different finances.
The selling price of a
home also has very little to do with the original purchase price.
It could be much higher or significantly lower, depending on a number of
factors.
What realtors do is make a
calculated and educated guess
as to what a qualified buyer will be willing to pay for your home.
HOW FAST DO YOU WANT TO SELL ?
It makes a big
difference in the price you ask.
Keep in mind that the cost of a long sales process can be as much as
the extra you might make by having a higher price.
WHEN TO SELL --
TIMING IS IMPORTANT
Real estate sales can
be somewhat seasonal, especially in areas that have winter.
There are generally more buyers out looking in the spring and fall.
More important than weather,
however, is the business cycle.
Interest rates go up
and down and selling before they go up is better.
When interest rates are up prices tend to fall.
Cash buyers like to take advantage of high rates because they usually can
pay less.
In winter, those who are out buying are usually serious buyers, or are
forced to buy
for one reason or another. Some investors like to shop in
winter because of that. |
Real Estate Paperwork
Real estate involves a lot of paperwork.
Banks and title search companies need documentation to justify a loan,
so
have as many of the following available as you can:
Deed -- you may have restrictions or easements on your property that
affect the value.
Many people never read their deeds and find surprises when they go to sell.
Survey --
this really helps buyers know just what they're buying
sometimes the survey will have the location of septic and well, and that's
important.
Tax parcel map --
it shows location and size of nearby properties
Certificate of occupancy --
very important if you made any additions to
the home
since you've owned it. Even decks, garages, and larger sheds need a C/O
If the home is under construction, you need building permits to be in
order.
Maintenance records and receipts -- especially for furnaces and septic
systems
Location, depth, and type of well, if you have one. |
APPEARANCE
MAKE YOUR HOME ATTRACTIVE
We all grow accustomed to
our homes, the way they look, how they're decorated, and so on.
Buyers have a very
different view of our house, however, and sellers need to realize that.
A buyer is trying to
imagine their own furniture and decor in your home,
so anything you can do to help them
will make your home sell faster.
Get rid of clutter, and do
everything possible to make your home
attractive. Otherwise, a well-qualified buyer may just drive on by
without ever seeing your home.

Aerial photos
are unique, and definitely help sell property |