1) How much will you receive?

Sell and rent back companies tend to offer, on average, 85% of market value on buying your home although this can be as low as 70% and as high as 100%. Some companies can offer 100% by giving you 70% upon completion of the sale and then 30% at the end of the tenancy.

2) Are they a reputable company?

Selling your house can often be far from a relaxing process. For your peace of mind, it’s important know the sell and rent back company you are dealing with is reputable, ethical, in good financial standing and will still be around at the end of your tenancy period. Make sure you do plenty of research on a sell and rent back company before you enter into any agreement with them. An independent personal recommendation is ideal if you can find someone who has gone the process, but as sell and rent back is still an emerging sector of the property this may be tricky. Searching the internet may also reveal some more information on the range of companies entering the sector.

3) Are you guaranteed long-term rental? What happens when you become a tenant?

Look for companies which offer a long-term contract, this will give you peace of mind that you cannot be evicted after a short period. When you become a tenant you will generally have to pay for council tax and the normal gas, electric bills as any tenant would.

4) Will you have to pay valuation costs and legal fees?

Most companies will pay the valuation costs and legal fees for you. Some companies will do this to make the offer seem more attractive but only buy the property for a lower percentage. This is not true for all companies as some will pay for the costs and fees whilst offering a high or full percentage.

5) Will your details be kept private/confidential?

All of the sell and rent back companies should keep your details private and confidential although ensuring the company is reputable beforehand should eliminate any risk of breach of confidentiality. Unless expressed otherwise, the only people who will know about what happened will be you, the company you dealt with and the solicitor handling the case, not even a “sold” sign should appear outside your house.

6) Will rent stay at pre-agreed levels?

Some sell and rent back companies will offer a fixed rate for the first few years, after then the monthly rental payments may increase. Others will not guarantee a fixed rate and leave you open to increased payments later on in your tenancy. Often the best deal will be the sell and rent back firm who will offer you 10 years (or whatever the length of tenancy agreed) at a single fixed rate which is signed into the contract.

7) Will the valuation be independently calculated?

It is always advisable to go with a sell and rent back company that offers an independent valuation, especially by a member of the Royal Institute of Chartered Surveyors (RICS).

How long is the process likely to take? How quickly could you receive your money?

Companies can offer a 24 hour service if that is what’s required and as long as the legal paperwork is fine, although most will take 3-4 week to get everything sorted. Your money is usually released after the transaction has been completed.

9) Who will own and maintain the property?

After the transaction has taken place, your landlord will generally be the company who bought the property from you and they will be responsible for taking care of any maintenance or emergency callouts that occur. That is why it is essential to ensure the landlord is reputable or is using an experienced and reliable property management company to quickly address any issues you may have. As for the contents, the “moveable furniture” is typically still owned by you, unless you negotiate a deal with the company to sell them the furniture as well.

10) Buying Back?

Some companies will offer a deal where you can choose to buy your house back off them at the end of the rent period. This is very useful for those who are having a difficult time financially but expect things to improve in two years or more when they can afford mortgage payments again.



Quick House Sale

There is currently a great deal of interest from homeowners who want more information on Sell and Rent Back schemes, people want to know all about Sell and Rent Back, what it is, how it works and who it’s suitable for. At the independent comparison site http://www.comparepropertybuyers.co.uk/ we have drawn up answers to the following commonly asked questions.

1. What is Sell and Rent Back

       

Sell and Rent Back is a fast growing Industry where you sell your home to a Property Investor but instead of moving on you stay in your home as a tenant renting it back from the Investor who purchased it from you.

2. What is a Shared or Part ownership Sell and Rent Back Scheme?

One of the most advanced Sell and Rent Back schemes is known as a shared or part ownership scheme. With such schemes you sell some of your home to an investor whilst retaining a share yourself. This gives you the benefits of security of tenancy whilst keeping a financial interest in your home, if property prices go up your share goes up too. 

3. What are the main Advantages of a Sell & Rent Back Schemes?

Sell and Rent Back can be a way of either raising capital or avoiding repossession and staying in your home. You may need to unlock your capital from your home to clear any debts you may have or to fund a better retirement. Sell and Rent Back schemes can also be a way of funding your retirement without having to sell your home.

4. What are the main Disadvantages of Sell and Rent Back schemes?

First and foremost is the fact that most Investors who offer sell and Rent Back will usually only offer you up to 80% of the value of your property. This is because most Investors take the prudent view that property prices will fall still further.

Some Sell and Rent Back Schemes do not guarantee you a long term rental period, always take legal advice before entering into a Sell and Rent Back agreement and if you want to rent back long term make sure you have a written contract guaranteeing your right to stay. You should also agree a fair market rent in writing.

5. What Legal Protection do I have?

You should always take professional legal and financial advice before entering into any Sell and Rent Back scheme. Always have a Solicitor to represent your interests and oversee all of the paperwork. If you want to guarantee your long term residency make sure you get an agreement in writing which is approved by your Solicitor.

6. How much does a Sell and Rent Back Scheme cost?

Sell and Rent Back schemes should not cost you any up front money whatsoever. A reputable investor will usually pay for the cost of a valuation and any legal fees. The investors will eventually make a return by either selling the property or by charging you what ought to be a fair market rent.

7. How quickly can I Sell my House and Rent it Back

Most Investors are cash buyers actively looking for property investments and Sell and Rent Back opportunities, they can often act very quickly and purchase within one month.

8. Will I need a Hip (Home Information Pack) to Sell and Rent Back?

If you sell your house to an Investor you will not need a Home Information Pack as it is classed as a private sale, this should save you several hundred pounds.

9. I am very close to being Repossessed can I still Sell & Rent back and stay at home?

You can sometimes avoid repossession if you reach an agreement to sell and rent back with an investor. Even if time is short an Investor will either pay cash and aim to complete within a week or so. Alternatively the Investor may apply to the court to stop your repossession order to give you time to complete your sail. An investor can usually only help in cases where there is a minimum of about twenty percent equity in the property. If you are facing repossession make sure you get independent legal advice before entering into any agreement.

10. Where is the best place to find a Sell and Rent Back Scheme?

There are many Investors advertising on the Internet via search engines such as Yahoo & Google or you could always go to the comparison site Compare Property Buyers for a quick no obligation quote.

http://www.comparepropertybuyers.co.uk/ is the only Independent Comparison site for Sell and Rent Back Schemes and offers general information on Sell and Rent Back schemes along with a Free, No Obligation, Comparison service.



Quick Property Sale

Owning a home of your own would be the best thing that you would count to have happened to you. However, you will find that you managed to have the home just because you took a mortgage loan and you would be obliged to repay the loan. In as much as you wish to sometimes it could be difficult.

There are time and unforeseen occurrences that may hit your financial life badly. You would then find it difficult to honor your promise to submit the payments that you promised the mortgage firm regarding your home. Then, you would face the risk of losing your home.

Sell and rent back to maintain stay

Once you have a home you call your own even through mortgage system, you would normally develop an attachment with it. You would only feel home when you are in this home. However, no matter how bad the situation turns to be, you can still be sure that you will remain in this home.

You would sell the home but you would then stay in it only as a tenant and not as owner any more. The feeling of being home would remain.

Sell and rent back to avoid repossession

When you have a mortgage that you are not able to pay, you would only face the risk of repossession. Remember, the only security that you placed for this type of loan is the title. So, the original owner would want to repossess it, sell it and recover their dues.

You can avoid this kind of embarrassment by being quick to think of selling the home and clearing the debt as you maintain your stay in the home as a tenant.



Hassle free sell and rent back scheme

When you are in dire financial stress, you would need to clear the debt and you need a hassle free scheme that would help you do just so. You can sell the home and still rent it without any hassles.

Sell and rent back scheme saves you from debt

With times being tougher each day, you would need to find a way of clearing the mortgage and other unsecured debts that you may have accumulated while trying to pay your home mortgage. You can sell that home and rent it back while maintaining a debt free life.



Sell and rent back enables you live the life you deserve



Each one of us has a life they deserve. We need to be comfortable and stress free. We can actually manage to do this when we sell the home that is proving difficult to pay and we have the debts that are stressing us cleared.

Sell and rent back has discrete services

When you need to sell your home due to unavoidable circumstances, you have to ensure that you are doing so under discrete terms and services. There is need to find just this way to have the burden get off your shoulder. Not many people would know about the process because anyway you would maintain your stay at the home.

Sell and rent back to release equity

You can manage to release your equity when you make a smart decision to sell your home and still stay inside it as a tenant.

So, you can see that there are several advantages of the sell and rent back scheme. Besides just helping you escape embarrassment of repossession, you would be able to maintain your stay in the home.



Sell and Rent Back

It was a question that once never entered our consciousness - if we wanted to move, of course we would sell up! Now suddenly there are too many variables involved and many of us are asking the question: shall we sell now or shall we rent our house.

Well, one thing is for sure, if you want to buy in a new location, then it is best to - at least - try and sell in the old location so that you can get settled in the new one.

According to the U.S. Census Bureau, nearly five and a half thousand Americans are moving every day. Wow! Surely some of them will be moving into your area?

Apart from finding it easier to settle into the new area, another reason to list your home if you are planning to move is this: the area that you will be buying in is experiencing the same housing difficulties as you; therefore so as long as you are selling AND buying you have lost nothing.

This is because selling in a buyer’s market means that you may have to settle for a lower price than you hoped for, but buying in the same buyer’s market means that you too will be able to negotiate a lower price for your new home.

There are drawbacks to renting your home, although many landlords will not experience them, it is just a question of luck. Luck and careful reference checking! As a renter you are fully aware that you are buying your landlord’s home for him/her; the renter has less to lose than you. Another point is that renters do not get tax breaks but home owners do.

One of the biggest single reasons for staying or being a home owner is the tax credit system. Over the years, tax relief will more than balance any loss of equity that you may feel you are taking.

The United States government actually subsidizes you to enable you to pursue the American dream and buy your own home. There are many different types of tax relief that we, as Americans, benefit from.

Both from local taxes and federal taxes there is a choice of tax credits and/or exemption due to mortgage interest payments, homestead exemption, property tax help, private mortgage insurance, capital gains exemption, and points paid on loans.

Many of us save thousands of dollars every year as we levy tax relief against our mortgages, but we forget to add these savings into the formula when we are summing up the advantages or disadvantages of buying a house.

In this ‘instant gratification’ age, it is almost impossible to believe there will be advantages to home owning in thirty years time when we are older. What are the advantages?

In time, the house will be paid for so there will finally be no mortgage payments and the home may render some equity money via a reverse mortgage for emergency spending money.

However, renters get no emergency spending money and they can never stop paying rent. Unless of course they get notice to leave their home, and as a homeowner, remember, this can never happen to you.

Yes, home ownership may not be the perfect answer, but it beats busking!



Repossession

Sell and rent back scheme is a tax-free scheme, which allows you to release the equity, tied up in your property without having to move out.  When you sell your home to a house sales specialist you can join their rent back scheme.  This allows you to remain in your home for as long as you wish but as tenants rather than owners.

Rent Back Schemes are ideal if you find your self in any of the following circumstances:

Retirement – if you have reached retirement or are planning to retire and want to release the equity that has built up in your home, so you can enjoy retirement, but don’t wish to move. This will be an ideal scheme for you and you will always be given the opportunity to buy back later at a pre-agreed price if you want to.

Financial Difficulty -If you are having difficulties trying to keep up repayments on loans or your mortgages a house sales specialist will be able to help. They will quickly buy the property from you giving you a cash sale and allow you to remain as tenants at a rent you can manage to pay. They can even stop repossessions, right up to the very last minute, if your home is at risk and allow you and your family to stay in your home. If the financial problems are just a temporary set back, again they can agree to sell your home back to you at a pre agreed price, in the future, if your circumstances change.

Emigration - If you are planning to sell up so that you can move away. You will find that you have enough things to worry over without having to be concerned about broken chains, deferred sales or sales falling through. A house sales specialist can buy your property quickly from you and allow you to stay as a rent-paying tenant until you have made all your preparations and are ready to go to your new home.

If for some reason you decide not to move on and want to stay after the sale you will be welcome to stay as our tenant or you will be given the opportunity to buy back your home.

You may also decide to sell and rent back if you have health problems and want to fund an operation, divorce or separation, or even if you are a landlord who has problem tenants. If you have a commercial property and wish to release equity a house sales specialist can offer you a similar deal so that you can sell, rent back and still run your business.

When I discussed the possibility of these schemes with company operating in this manner in Leicester, An Instant Sale, I was told that selling in this manner is quick and discreet and the your friends, family and neighbours will be none the wiser, unless you tell them.

The rent is set in line with current market rents; you can fix the rent and the term. They pay for your buildings insurance, and a Corgi registered engineer will service your boiler each year.



Repossession

‘Sell my house fast’ specialist, SecureASale has today highlighted the pitfalls to sellers that selling a property to rent it back throws up.

LONDON, UK- Property quick sale expert, SecureASale has today issued a report on the severe downsides to selling a property in order to rent it back again.

SecureASale company director and UK property market expert, Tim Jackson said, “If you are in financial difficulties and are thinking, “i need to sell my house fast”, then a quick sale to a cash homebuyer (like SecureASale) can often help to get you back on track.”

He continues, “Many companies also offer you the option to rent back your home from them once the sale is complete. While this is advantageous for the new owner (as they often take all the rent upfront and have a guaranteed tenant in the property), it is very rarely in the best interests of the seller, unless it is only for a very short period of time. If you can no longer afford to pay the mortgage on your home, then you probably won’t be able to afford the rent either as the new owner has to ensure that the costs on their own finances are more than covered.”

Jackson also went on to highlight the fact that most struggling homeowners who require equity release services are far better off downsizing to a smaller home and either purchasing or renting a cheaper property elsewhere.

SecureASale’s experts have also warned of the dangers of choosing an unreliable buyer. Jackson comments, “If you have found yourself in a position where you absolutely have to rent back your property from the new owner, please ensure that the homebuyer company you choose is a well-capitalised, cash-funded business and research them thoroughly before you take the plunge. This is important as many so-called quick sale, cash for homes experts fail to keep up payments on mortgages they secure on homes they have bought and the property ends up being repossessed by the bank. This leads to the tenant being forced out, often having paid a substantial ‘rent’ upfront to the new owner.

“Whilst an opportunity to release home equity is always tempting, especially when coupled with the idea of remaining in your current property, not every quick sale cash homebuyer has the funding to ensure your dream doesn’t turn into a real life nightmare.”

Whilst overall, rents are likely to continue to fall in line with plunging interest rates, incomes are also falling fast across the UK and job losses and company liquidations are rife. Ensuring you choose the right buy to rent back expert- so you don’t end up homeless and out of pocket- has never been so important. With a surplus of property available for rent thanks to the market crash, renters can, in many ways, take their pick.

For more advice on selling a property in order to rent back or any other property issues, please visit http://www.secureasale.co.uk or ring 020 7117 6001and ask to speak to one of SecureASale’s directors, who have over ten years of experience in the UK property market.

For all press enquiries please contact:

info@secureasale.co.uk

(020) 7117 6001

Head Office:

14b Pond Square

London

N6 6BA



Real Estate Professionals

At your farm, a heavy tractor is as essential to your daily operations as the sun and the rain. Plowing, disking, harrowing, tilling, planting, and pulling other agricultural heavy equipment would be impossible without the sturdy, dependable heavy tractor. Likewise, the heavy tractor can play a vital role in the construction, demolition, and mining business as dozers, sweeps, and ditch-diggers. So what happens when your heavy tractor stops working?

Repairs to a heavy tractor can easily cost thousands of dollars. A brand new heavy tractor costs $25,000, $50,000, or even $100,000. Heavy equipment is one of the most expensive investments for any farmer or construction company. Buy a few new pieces of machinery and you could easily put your business in debt for years to come—and who’s to say you won’t need another new heavy tractor before you’re able to pay off the first one?

And what if you need a heavy tractor for just one job? Perhaps you’re going to get your reliable heavy tractor repaired, but farming work can’t grind to a halt for the month or so your heavy tractor will be out of commission. Or maybe you have a construction, demolition, or mining job that requires the use of an extra heavy tractor or two and you don’t want to invest in a new heavy tractor only to have to sell it a month or so down the road.

Farmers and construction company owners who do have excess heavy tractors that they no longer use often can’t find buyers for their used heavy construction equipment in the immediate area. With the right buyer or renter, they could sell their used heavy tractors to make back a portion of the price they paid for them or they could lease their heavy tractors on a month-by-month basis, eventually making back more than the heavy tractors originally cost!

If you don’t know who will buy, sell, lease, or rent a heavy tractor in your area, the Internet is the best place to go. If you need a new heavy tractor or you have an extra heavy tractor that’s just taking up space on your farm or business lot, you need to find a reliable used construction equipment classifieds Web site at which you can sell, lease, rent, and buy used heavy equipment for no extra fees.

If you could find a buyer or a seller for a heavy tractor in your area, you wouldn’t have to spend as much as an additional 20% seller’s fee or a 2% buyer’s fee to sell or buy the used heavy equipment, right? Just because you don’t have all the connections to make the purchase or sale of a heavy tractor near you, why should you be penalized by reaching out to the farming and construction community on the World Wide Web?

That’s why a used machinery classifieds Web site that charges absolutely no fees to buyers, sellers, renters, and leasers of used machinery like heavy tractors, is the perfect solution for anyone who deals with heavy tractors. While many used heavy equipment Web sites do charge fees—which, when you’re buying a heavy tractor worth a tens of thousands, can easily reach $10,000 – some sites offer completely free basic memberships to anyone, no matter the price of the used heavy construction equipment that you’re buying, selling, renting, or leasing.

You can find a heavy tractor for sale for as little as $1500! There are also newer and bigger models of heavy tractors that range from $3500 to $50,000, depending on the size and condition of the tractor. Best of all, many heavy tractors are for sale at negotiable prices, so you might get an even better deal with a little salesmanship savvy! As a seller, a negotiable rate might allow you to sell the used heavy tractor for even more than you thought you could, earning you thousands more on the transaction!

If you want to rent or lease a heavy tractor, these sites also have a For Rent section, too. If you don’t see a heavy tractor for sale or for rent that meets your needs, place a free Want Ad and sellers will come to you with their offers. Sellers will find the Want Ads convenient as well, since buyers are already out there waiting to purchase their heavy tractors!

Frequent sellers of heavy tractors and other used heavy equipment can also take advantage of the free company store link option offered by these sites. Easy-to-access contact information and a browsable list of current used machinery up for sale make buyers more likely to make more than one purchase from a seller at a time.

The heavy tractor plays a central role in just about any farming, construction, demolition, or mining operation. Finding a free online used heavy equipment classifieds site can make all the difference in buying, selling, renting, or leasing a heavy tractor. Save thousands, make thousands, and enjoy a smooth, pain-free transaction!

For more resources about used skid steer or even about used heavy equipment please review this page http://www.machineryzone.com



Rent Back Fast

If you need to sell your home fast in order to avoid repossession but would like to still live their you do have a good option available to you.

In the face of the credit crunch which has seen many individuals sand family’s affected by the sharp increase in interest rates and has made it hard for many people to keep up with the mortgage repayments.

To address this problem many small company’s backed by investors and funders have come onto the market place offering solutions to these problems, the most popular out of these has to be the “Sell & Rent Back Scheme” this allows the individual or family to sell their property quickly for a percentage of the market value and remain in the property as tenants

this is a much better alternative than if the lenders were to evict you and repossess the property as in most cases it would be sold at auction for an specified around under market value and anything the sale price doesn’t clear with the money outstanding the lender would continue to pursue you for.

The “Sell & Rent Back Scheme” ensures that all your debts with the lender and associated with the property is clear this includes the outstanding balance on the mortgage but other things like secured loans and mortgage arrears

You will find that the lenders are more than happy to call off an eviction in the favour of one of these schemes as for them being able to get their money back in full without having to go though the expensive process of eviction, repossession and chasing you for money outstanding will be very appealing to them. For this reason they are very useful at stopping eviction dead in its tracks.

go now to http://www.avoidhomerepossession.co.uk/



Rent Back Fast

To sell and rent back may seem a bold step to take. However, with the help of an efficient agency and some efficient preliminary estimation, you can be free from your financial issues in no time.

You may need to sell house quickly for a series of reasons. The typical reason is having debts, but it is not the only one. You may face the threatening of having your house repossessed or you may have to find a solution for living somewhere after a divorce. The solution, however, is unique. Specialized agencies have the sole purpose of creating the solution that best fits each case in particular.

One can include easily houses, flats or any other kind of property in such a plan. If you do as much as to provide the company with the needed information, there is always an answer at the other end. Sell and rent back agencies are completely different from real estate firms. They offer the privilege of confidentiality to all customers. From calling their free line or filling the online form to the actual selling of the house, it all takes place extremely discreetly. An untrained eye will not even know what is going on.

This is a great advantage considering that a time of financial anxiety generates enough stress factors as it is. Perhaps you plan to emigrate in the near future. You need not resort to putting your house on the market through a real estate agency, because this way you might end up ready to leave, and with your property still stuck in endless buying-selling processes, while you are paying endless commissions and fees. You can sell house quickly through a specialized agency and remain as a tenant for the rest of the time until the departure. In this manner, you are free from the hassle and in full control of both your finances and your time.

Another typical situation where a sell and rent back scheme helps immensely is divorce. The presence of pain and stress at such a time is understandable, especially when it comes to the awkward process of splitting the common possessions. You have the certainty that someone will take care with a professional approach of at least one of these possessions – perhaps the most important one.

If you worry about finding a realistic and a favorable solution for not having to move out, you may want to consider selling the house and splitting the revenue with your partner. Afterwards, one can remain as a tenant, while the other can perhaps find somewhere else to live. No matter the case, you will definitely want to sell house quickly. For this, professionals will take care of finding fast property buyers.

Another common situation where sell house quickly schemes are necessary is in equity release circumstances. You may want to release your equity in order to secure your plans. A large acquisition, perhaps, or the start of a small business may be the reason. If you sell and rent back, your funds will be available at any time, and no matter the plan at hand, you will be free of having to wait months in a row for your property buyers to appear willing to buy your property in the traditional manner.



Quick House Sale

We’ve tried to summarize the most important aspects of selling a home by yourself. We hope you find the information helpful. If you have any questions you may always contact us on our contact page.

SELL For Sale By Owner via HouseMAXX™ The key is to be properly prepared. If you are not, your home could remain on the market longer than you expect because you are not attracting and getting offers from qualified buyers. The Online Digital Picture Tours will help you screen and pre-qualify serious buyers. When they phone off your classified ad, just send them to the website and if they are serious, they will call you back for personal viewing appointment.

The information below has been specially prepared to help FSBO’s, such as yourself, understand the elements involved so you, on your own, can sell your home quickly and for the most amount of profit and keep your hard earned equity. To help you prepare, here are 10 tips that will help you sell your property in a fast, effective and professional manner.

HouseMAXX™ 10 TIPS FOR SELLING YOUR HOME

1. Price it Right. Correctly setting your asking price is critical. Setting your price too high can be as costly as setting it too low. Home prices are determined by fluctuations in the marketplace, not by your emotional attachment or by what you feel your home is worth. In order to establish a realistic price for your home, objectively compare the price, features and condition of all similar homes in both your neighbourhood and other similar ones, which have sold in recent months. You can do this by checking out your local, regional or national Real Estate MLS Listings. It is also important for you to be familiar with the terms of each potential sale. Terms are often as important as price in today’s market. Carefully budget your selling costs and prepare a net proceeds sheet to calculate your best estimate of what you will take away from your home sale. Prospective buyers may also request this kind of analysis of buying costs.

2. Prepare Your Home for Sale. First impression is crucial. Keep your home clean. Remember with the Online Digital Picture Virtual Tour you don’t have to waste your time with all day Saturday and Sunday Open Houses anymore! Make sure your home makes a positive statement by carefully inspecting all details and viewing it through the objective eyes of a buyer. Don’t gloss over needed repairs and fix-ups, as your prospective buyers won’t. Your job is to ensure that your home stands out favourably from the competition.

3. Prepare Yourself With All Necessary Legal Documentation. Its really very simple and you can do it yourself. You should get all your pertinent documents together….but all you really need is a Offer to Purchase agreement in which you and prospective buyers negotiate the price and conditions…you both sign the agreement and each party takes a copy to their respective lawyers to finalize and close the sale. It’s really that easy as a FSBO and with the professional Advertising Services of HouseMAXX™ you get to keep your hard earned equity! Some forms that you might need (Lawyer takes care of most of this):

 

Seller Disclosure,  Purchase and Sale Contract , Mortgage Verification,  Loan Application,  Deposit Receipt,  Property Profile Fact Sheet , Buyer’s Cost Sheet,  Closing & Settlement , Personal Property Exclusion List,  Real Property Report , Seller’s Statement of Representation

 

4. Market Your Home Effectively. Once you put the Professional HouseMAXX™ sign on your lawn with the Premier Listing Package, you should find other local effective ways to spread the word about your home. Local buyers can be reached through the newspaper, but this is only a small part of the market you are after. Be sure you include the many buyers who could already be working with a Realtor®. You may want to cooperate with a Realtor® and offer them $1000 - $2000 for their few hours work…its up to you to negotiate a reasonable commission fee? But remember, most realtors will tell you they have serious buyers just to lock you into a 30-90 day contract. If you do sign a contract, make sure that you get in writing an unconditional release clause. Also, because out-of town buyers are an important target, the HouseMAXX™ website will offer you increased exposure to reach these people as well. You can print off as many high quality feature sheets off the website as you wish and you can email your listing to possibly buyers via your listing page. You should also be very service-minded and make it easy for pre-qualified buyers to view your home. Ensure there is always someone available to answer the phone, pick up messages promptly, and be ready to give qualified prospects a tour of your home as soon as possible.

 

5. Remain Objective During a Showing of Your Home. Don’t let your personal attachment or emotion get in the way of successfully selling your property. The best way to do this during a showing is to remain physically in the background. If a prospective buyer says something negative about your home, it is better to counter-balance this point of view by illustrating the positives rather than becoming defensive.

 

6. Pre-Qualify Your Prospects. Don’t waste your time entertaining buyers who could never afford your home. Research their finances with respect to job security, salary, debts, liabilities and credit standing. Possibly ask them for a copy of Pre-Approval Docs from their bank.

 

7. Negotiate Effectively & Knowledgeably. There will be many details to resolve before a sale can be considered final: price, terms, financing conditions, home inspections, dealing with the home inspector, home inspection condition, survey pitfalls, inspections, possession date, buyer concerns and objections. Make sure you fully understand the contract you have drawn up so you can in turn explain details and ramifications to the buyer and make any amendments to the sale that are necessary. The contract you use should be thoroughly examined by your real estate attorney. Check out the buyer/seller resource section for help with appraisals, lawyers, inspections etc.

 

8. Know Your Buyer. Be objective during negotiations and remember you are in control, don’t get desperate. Try to determine what your buyer’s motivation is. Do they need to move quickly? Do they have enough money to pay your asking price? Have they been pre-qualified for a certain amount? Knowing this information will give you the advantage in the negotiation because you will know up front, what you will need to do in order to get what you want.

 

9. Don’t Move Out Before You Sell. Certain studies have shown that it is more difficult to sell a home that is vacant. It looks forlorn, forgotten, simply not appealing. It could even cost you money. If you move, you’re also telling buyers that you have a new home and are motivated to sell fast which can, of course, give them an advantage at the negotiating table

 

10. Know Why You’re Selling and Keep it to yourself. You must understand your buyers’ motivation also besides your own motivation to sell. Your reasons for selling will affect everything from your list price to how much time and money you will invest in getting your home ready for sale. Your motivation will help you determine what is more important to you: the money you walk away with, the length of time your property is on the market, or both. Different goals will dictate different strategies.

As a property owner who wants to sell FSBO without using a real estate agent in an effort to save the commission, it is likely that money is one of your primary considerations. Whatever your reasons, however, it is very important to keep them to yourself so as not to place yourself at a disadvantage at the negotiation table. When asked, simply say your housing needs have changed Private sale can be a rewarding and cost-effective way to sell your home. Just make sure you’ve done your homework! HouseMAXX™ Quick Checklist

 

Choose a lawyer and review required paperwork - Obtain standard Offer to Purchase Forms (Buy at Office Depot or Staples for $8.00) -  Research market and set asking price accordingly. -  Review mortgage with bank. - Use HouseMAXX™ to your advantage for Maximum Exposure -  Distribute fact sheet flyer at local establishments (print off your listing) - Erect “for sale” sign -  Handle phone enquiries and/or emails -  Show the property.  Hold Open House if desired - Use HouseMAXX™ to screen & prequalify  - Negotiate offer with potential buyers.

 

 



Quick Property Sale