4 Characteristics Of Value Every Seller Should Remember

1 3333333333 The above checklist is for informational purposes only & is not asubstitute for legal, tax or other professional Characteristics Of ValueEvery Seller Should is in the eye of the beholder. It varies from person to person. Thedemand for a particular piece of real estate changes as the wants of eachindividual order for real estate to have Value it must have usefulness or creates a desire for possession and has the power to givesatisfaction. Will the typical buyer in the marketplace have their needs met bypurchasing your home? order for real estate to be of Value it must be relatively scarce. If too manyhouses like yours are for sale, it will negatively impact the Value of your PowerPurchasing power is created by desire. Can the buyer who desires the propertyafford the property?

2 The more people that can afford the property, the above checklist is for informational purposes only & is not asubstitute for legal, tax or other professional home is most likely to sell for top dollar when it s fresh to buy after they shop around. Buyers are in search of the bestbuy. If your home is priced too high, it will make the other homes lookmore property will need to be appraised. If it appraises below thecontract price you may have a than possibly location, price is the most critical item that bothbuyers and real estate agents look to when selecting homes to priced too high, it s possible that no one will seriously consider orsee the benefit of starting the more accurately priced the property is, the less likely thebuyer is to start the negotiations with a low ball offer or even seethe need to Reasons Why Pricing Your HomeCorrectly In The Beginning IsSo-o-o-o Important3333333333 The above checklist is for informational purposes only & is not asubstitute for legal, tax or other professional Things Every ConsumerNeeds To Know About AReal Estate is an objective opinion of Value .

3 It is not an exact science. If threeappraisers appraised the same property, they might assign threedifferent estimates of sellers, buyers and lenders want an appraisal that reflects themarket Value rather than the insured Value , assessed Value ,sentimental Value or other types of appraiser's estimate of Value typically reflects the current marketconditions in the subject property s marketplace. This can changedramatically if market conditions appraiser's estimate of Value reflects the most probable price theproperty will sell for without special considerations or best indicator of market Value for residential property is found byapplying the sales comparison lenders base a buyer s loan amount on either the sales price orthe appraised Value of the property.

4 Whichever is homebuyers today are writing their offers to purchase subjectto the property appraising at or above the sales contract above checklist is for informational purposes only & is not asubstitute for legal, tax or other professional Different Kinds Of Value And TheOne That Most People Care Value (Homeowner s Value ) Value **Market Value is the type of Value most often pursued in the typical residentialreal estate above checklist is for informational purposes only & is not asubstitute for legal, tax or other professional market conditions on the date of , location, site/view both looking at the property and looking from the property outq4. The design and appeal of the quality of of of number of and types of rooms (bedrooms, bathrooms, etc) footage (gross livable area) there a basement?

5 Basement finished? If so, number and types of functional is the property? (good, average, fair, poor) there central air conditioning? type of car storage is available? (garage, carport, etc.) there any special features that your property offers? (porches, patios, pool,fireplace, special heating/cooling equipment, skylights, etc.) there any special financing or special sales considerations that might haveimpacted Value for the comparable properties?17 Things That Every AppraiserConsiders When Comparing Your PropertyTo Other Properties In The Marketplace3333333333 The above checklist is for informational purposes only & is not asubstitute for legal, tax or other professional build-upOver 80%30-80%under 30% rate for area:Fully long does it take for a home to sell ?

6 < > 6 land use:___% single family ___% 2-4 units____% condos___% commercial___% industrial___% is the probability of the land use changing in this area?Not likely _____ Likely _____ Very likely(how soon?) most occupants in area:_____% homeowners _____% tenants _____% Family price range:$_____ to $_____ Predominant Value $ Family home age: _____yrs. to _____yrs. Predominant Age _____Grade the area on the following to to to of Public of for detrimental and Fire appearance of to market22 Items To ConsiderWhen Shopping For A Neighborhood3333333333 The above checklist is for informational purposes only & is not asubstitute for legal, tax or other professional "X-Rays" ConcerningThe Value Of Your HomeFeedback from the activity in the marketplace is extremely important.

7 By evaluating the current competition andrecent sales, you will gain information to assist in making decisions regarding the current pricing of your activity will take place in the first 3-4 weeks. After the initial period, the activity may slow down until newbuyers arrive in the this period of time your property was shown or previewed :_____to_____Comments from agents and clients:_____NEW Competition:_____AddressPrice_____Addres sPrice_____AddressPriceNEW Recent Sales:_____AddressPrice_____AddressPrice _____AddressPriceNEW Properties Pending, Recent properties that have gone under contract:_____AddressPrice_____AddressPr ice_____AddressPriceNEW Expired that failed to sell due to price:_____AddressPrice_____AddressPrice _____AddressPriceA Simple Feedback System To Help You Reach Your Goals3333333333 The above checklist is for informational purposes only & is not asubstitute for legal, tax or other professional Essential Elements That MostReal Estate Contracts Must HaveTo Be Valid And parties must be at least 2parties to any and signatures of all parties to such as a promise to be in writing except for leases of oneyear or of of the minds an unqualifiedacceptance of the offer so that the sellerclearly understands the terms of the buyer soffer and the buyer clearly understands theperformance required and the timing of theobligations*In most instances.

8 The parties involved in areal estate transaction would be bestadvised to seek the services of anexperienced real estate attorney to reviewan agreement to above checklist is for informational purposes only & is not asubstitute for legal, tax or other professional I REALLY Sold My House?6 Essential Elements That MostReal Estate Contracts Must HaveTo Be Valid And parties must be at least 2 parties toany and signatures of all parties to the such as a promise to pay be in writing except for leases of one yearor of of the minds an unqualified acceptanceof the offer so that the Seller clearly understandsthe terms of the buyer s offer and the buyer clearlyunderstands the performance required and thetiming of the obligations* In most instances, the parties involved in a real estatetransaction would be best advised to seek the services ofan experienced real estate attorney to review anagreement to purchase.