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MBA Urges Regulators To Avoid Invoking Suitability Standards
The Mortgage Bankers Association (MBA) recently made a preemptive strike against what it obviously perceives as the next threat against the mortgage industry - "suitability standards." Read more...
Enlist The Help Of Your Agent In Preparation To Sell
(Selling a house is stressful enough despite the added stress of trying to sell in a slow market. )
There are so many things to worry about and in today's market. You have to worry if your current house is even going to sell at all before you can look for a new one.
The days of guaranteed sales are long over.
That is why it is important to enlist the help of your real estate agent when selling your house.
Not only are they there to attract buyers for you home, but they are also there to help get your home ready to sell.
A November 8, 2006 article by John Harris of re-articles.com, "Before you sell, let your Realtor help you to prepare," discusses how helpful your real estate agent can be in getting your home ready to be sold.
"When preparing to sell a home, you may be dealing with a lot of mixed feelings - for example, letting go of all the memories in the old house, yet looking forward to new and exciting adventures in a new one. It also is a very hectic time, especially if you are moving out of the area. There will be the going-away parties with neighbors and at work, ensuring you have changed your address with everyone, and coordinating the sale of your home with the purchase of your new one."
This is where your agent can be a big help.
Most of the time, your agent will be experienced (hopefully) and will know some easy things you can do to spruce up your home before it even hits the market.
After all, there are enough things to worry about during this time anyways, right?
"Your realtor(s), both for selling the old home and for buying the new one, can be of great assistance to you in coordinating these transactions and avoiding the domino effect of the closing, moving and closing dates. Your realtor gets everyone to commit to a window of dates and also to stick to them. The realtor will get all agreements in writing and can place financial penalties on any party who fails to comply."
One of the most important parts of getting your home ready for the sale is to make sure it looks attractive and inviting from the outside.
"Your realtor is used to viewing home and property from the potential buyers perspective. He/she can be essential in assisting you to prepare your home with a strong curb appeal. It is important for your property to be visually appealing in order to attract more potential buyers and garnering a quicker sale."
Once your home is ready to be sold, your agent will market your home to get it the most exposure possible as well as arrange showings and open houses if necessary. They will also help you come up with a fair asking price which is invaluable considering the current state of our market.
"Another service of your realtor is referrals for insurance, inspections, legal counsel and financing. Your realtor may even be able to refer you to a lender for a bridge loan, if you are forced to purchase a new home before you have sold your current one. A bridge loan helps, when you are forced to carry mortgages on two homes simultaneously over a short duration."

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