Seller's Tips

Selling a home can be very difficult without the proper strategy. Below are a few tips that we recommend to all of our customers that are selling properties.

Improvement Tips

To make your property more marketable, there are a few cost effective enhancements that you should strongly consider:

Frequently Asked Questions

Question: What is the different between a broker and a salesperson?

Answer: The salesperson is the 'agent' of the broker and the broker is the 'brokerage service' of the seller. By law, only a broker, who has passed a special exam to earn the designation, can receive a brokerage commission. A salesperson, or agent, is an associate with that broker. When the salesperson, or agent, represents a broker in a transaction - rather than the broker working personally with the seller or buyer - the broker splits the brokerage commission with the salesperson, or agent.

Question: What can a real estate agent do to sell my home that I can't do for myself?

Answer: Here's what your experienced Riverside Realty sales agent can do that a home seller can't do or finds hard to do:

Question: How can I be sure that my property is set at the right price?

Answer: Arrive at the right price for a property involves timely and comprehensive research and analysis, as well as experienced judgment. Measuring your home against similar neighborhood homes that have recently been sold or are currently on the market is the first step. Then determining what features make your home stand out among others currently on the market helps to finesse the pricing schematic. Typically the right price is within five percent of market value. When you are ready to sell your home, take advantage of Riverside Realty's more than thirty years of real estate expertise to help you price your home to sell.

Question: How and where do agents find buyers?

Answer: Agents are constantly in contact with the largest number of potential buyers possible to generate a steady flow of prospects specifically interested in your property. Typically, sixty percent of all buyers come through these referrals and ongoing marketing, about twenty percent come from "for sale" signs (where permitted) and general company reputation and less than twenty percent come from promotions and advertising.

Question: What should I do to get ready for a listing appointment?

Answer: A listing appointment is most productive if you have the following information on hand:

Question: How long will I wait between sales contract and settlement?

Answer: Depending on the type of financing your buyer is applying for a typical waiting period can be any time between thirty and ninety days, but sometimes more or less. The difference in waiting time largely depends on whether it is conventional, government-backed FHA/VA or owner-financed. But the biggest factor is the borrower's preparation. Clean credit and a complete application are the best ways to get a loan approved quickly.

Question: In selling my home and buying a new one, what can I do to be sure I won't get stuck with two mortgages?

Answer: The best way to avoid this is to place your home on the market far enough in advance to attract a buyer, negotiate a contract with an acceptable closing date, and then start shopping for a new home. However, if you find a new home before you've sold your old one, you have two options: