Let us create a 3D eBook for you!
Let us create a 3d Digital eBook for you! DigyCat.com

 

Talk to a Lender Before You Sell Your Home


If you're looking to sell your home quickly, and for top dollar, the best thing you can do is to be able to offer your buyers some sound financing options. That's why developing a relationship with a lender can be the key to a quick sale, and to more money at closing.

Some of your potential buyers will have already gotten themselves preapproved with a lender, but many won't, and being able to offer financing options will open up a number of possibilities for selling your home. The easier you can make finding a loan for your potential buyers, the better your chances of selling your home.

Find out what type of loans are available at your local lending institutions, and what kinds of programs they can offer buyers. Ask about income qualifications, credit scores, down payment requirements, both for buyers with good credit and for those whose credit is less than perfect. Ask if the lender will allow you to contribute to the buyer's closing costs.

Get an Accurate Appraisal

If a banks or mortgage company uses in-house appraisers, it can sometimes cost you a considerable amount of money at closing. For instance, my husband and I once allowed buyers to use their own lender and ended up netting $13,000 less because of a low appraisal. We discovered later that the bank was known for understating appraisals.

Don't sign a sales contract contingent on the appraisal of a buyer's lender; draw up your sales contract with a firm price and then give the buyers a specific time to arrange financing, based on that price. You don't want to have to lower your sales price to reflect a lower appraised value. Make sure that your lender's appraisers consider properties sold, but not yet closed and competing listings of similar properties when doing their appraisals, and not just past sales, because past sales alone may not give an accurate picture of your home's true market value in a fast-moving market.

Even if buyers say that they are prequalified through a lender, it's worthwhile to explain that your lender may be able to offer better financing, and that you're willing to pay a certain portion of their closing costs for them if they'll use your lender.

Having a relationship with a lender who is willing to help your buyers finance your home will give you an edge on your competition, and will go a long way toward selling your house quickly, and for top dollar.

(c) Copyright 2004, Jeanette J. Fisher. All rights reserved.

Professor Jeanette Fisher, author of Doghouse to Dollhouse for Dollars, Joy to the Home, and other books teaches Real Estate Investing and Design Psychology. For more articles, tips, reports, newsletters, and sales flyer template, see http://www.doghousetodollhousefordollars.com/pages/5/index.htm


MORE RESOURCES:

Real Estate - Google News

Mountain Real Estate Capital, L Star buy Durham's Brightleaf at the Park - Charlotte Business Journal


Mountain Real Estate Capital, L Star buy Durham's Brightleaf at the Park
Charlotte Business Journal
Mountain Real Estate Capital and L Star Management have acquired Brightleaf at the Park, a master-planned community near the Research Triangle Park. The acquisition comprises 900 residential lots, including townhome and single-family lots.
Mountain Real Estate Capital and L Star Acquire Brightleaf at the ParkMarketWatch (press release)

all 5 news articles »

Real estate is a team sport - Boston.com (blog)


New York Times

Real estate is a team sport
Boston.com (blog)
Sam Schneiderman, Broker-owner of Greater Boston Home Team, discusses the importance of having a team that works together when buying or selling real estate. Whether you are buying or selling, I believe that a successful real estate transaction ...
Entering the World of Real Estate, for No PayNew York Times

all 2 news articles »

Manhattan Software Announces Strategic Partnership With Indiabulls for ... - MarketWatch (press release)


Manhattan Software Announces Strategic Partnership With Indiabulls for ...
MarketWatch (press release)
6, 2012 /PRNewswire via COMTEX/ -- Manhattan Software, the global leader in enterprise real estate software and a leader in the 2011 Gartner Magic Quadrant for Integrated Workplace Management Systems, announced today a strategic partnership with ...

and more »

Will 1st real estate Super Bowl ad in 20 years help boost home sales? - San Francisco Chronicle (blog)


San Francisco Chronicle (blog)

Will 1st real estate Super Bowl ad in 20 years help boost home sales?
San Francisco Chronicle (blog)
Amongst the highly anticipated Super Bowl ads this year was real estate brokerage, Century 21′s thirty second media blitz featuring real estate tycoon Donal Trump, Deion Sanders and Apollo Ohno. Century 21 reportedly shelled out $3.5 million for the ...
Real Estate's Hail Mary Sales PitchSmartmoney.com (blog)
Were You Convinced By Century 21′s Super Bowl Commercial?ChicagoNow (blog)

all 8 news articles »

Zephyr Real Estate Announces Top Producers for 2011 - MarketWatch (press release)


Zephyr Real Estate Announces Top Producers for 2011
MarketWatch (press release)
SAN FRANCISCO, CA, Feb 06, 2012 (MARKETWIRE via COMTEX) -- Zephyr Real Estate, San Francisco's largest independent real estate firm, is proud to announce the company's top producing real estate agents for 2011. The Company Top 10, in order by highest ...

and more »

Real Estate: National foreclosure settlement delayed, Nevada AG concerned - Reno Gazette Journal


msnbc.com

Real Estate: National foreclosure settlement delayed, Nevada AG concerned
Reno Gazette Journal
Ap File BY THE NUMBERS Foreclosure-related filings for 2011 for Washoe County, Nevada and the United States. Filings include notices of default, notices of sale or auction and bank-owned foreclosures. Washoe: 7981 (down 27.3 percent and 27.6 percent ...
Week ahead in real estate (Feb. 6-10)U-T San Diego
Mortgage relief: Partial solution better than nonemsnbc.com

all 270 news articles »

TEXT-S&P says European real estate should weather downside credit risks - Reuters


TEXT-S&P says European real estate should weather downside credit risks
Reuters
"We think that our macroeconomic forecast of a mild recession for the first half of the year will have a moderate effect on the operating performance of our rated Real Estate Investment Trust (REIT) portfolio," said Standard & Poor's credit analyst ...

and more »

RMR Real Estate Income Fund Announces Date For 2012 Annual Meeting Of Shareholders - TheStreet.com (press release)


RMR Real Estate Income Fund Announces Date For 2012 Annual Meeting Of Shareholders
TheStreet.com (press release)
By Business Wire 02/06/12 - 11:00 AM EST RMR Real Estate Income Fund (NYSE Amex: RIF) today announced that its 2012 annual meeting of shareholders will be held at 9:30 am on Tuesday, April 10, 2012, at RIF's offices at Two Newton Place, 255 Washington ...

and more »

London, New York, Paris Benefited Most from Cross-Border Commercial Investment ... - World Property Channel


Bangkok Post

London, New York, Paris Benefited Most from Cross-Border Commercial Investment ...
World Property Channel
"Despite the financial crisis over the past two years, commercial real estate remains a core asset class for many investors," said David Green-Morgan, Global Capital Markets Research Director at Jones Lang LaSalle. "The year 2011 finished with a bang ...
Global Real Estate Markets Making Steady Progress with Eighth Consecutive ...MarketWatch (press release)
Peter Riguardi of Jones Lang LaSalle Honored by Realty Foundation of New YorkRealEstateRama (press release)

all 15 news articles »

Select Your Real Estate Agent Carefully in Today's Market - MarketWatch (press release)


Select Your Real Estate Agent Carefully in Today's Market
MarketWatch (press release)
WILLIAMSBURG, Va., Feb 6, 2012 (GlobeNewswire via COMTEX) -- In a difficult housing market, buyers and sellers rely upon good, solid real estate counsel to close deals. Many properties in the Virginia real estate market have lost value over the last ...

and more »

Click here for Best Buy In-Store Pickup

StreetSideAuto.com

Looking For Royalty Free Photos for your Website, Business or Advertising?

My Life Through The Lens

List4Sale Domain Is For Sale - $10,000 For Enquiries eMail Us

© www.List4Sale.biz 2011

home | site map | links

eXTReMe Tracker