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The New York Realty Exchange provides you with options when you sell your property. List your property with us, and it's free. When you list with us, your property is available immediately on the internet for buyers to view, so there is no waste of time. You can upload pictures so that buyers can view your property. The New York Realty Exchange makes it easy for you to make changes to your listing. Need help on setting the price? Our listing process gives you the option where you can request real estate agents in your area assist you in setting your price, and while the price is in the process of being determined, your property is still searchable by buyers. You can specify how much real estate commissions you are willing to pay, and have real estate agents compete for your business. The following three steps outlines the process of selling your property through New York Realty Exchange.com:
HELPFUL SELLING TIPS
Introduction If you've decided to sell your home, chances are you're caught up in a host of emotions. You may be looking forward to moving up to a new dream house or facing the uncertainty of a major move across country. You may be reluctant to leave your memories behind or eager to start new adventures. Whatever turbulent feelings you're experiencing right now, there are plenty of practical matters that need your attention. Keep in mind the following considerations to help the whole process go more smoothly. Top Time Becomes Money It's a good idea to place your home on the market as far in advance as possible of purchasing a new one. If you find a new home first and then try to sell your present home, you may wind up with two mortgages. If this does happen, ask your real estate agent or banker about a bridge loan to help you make the double payments. Lenders use the same criteria for offering bridge loans as they use for mortgages. Should you choose to accept a bridge loan, beware of the expense; during the term of the loan you must continue to pay both mortgages. Shop around for the best terms. Keep in mind that when people move, sell and buy, there usually is a domino effect. Closing and moving dates have to be coordinated, and the more firmly everyone commits to a window of dates and sticks to them, the better for all involved. Put all agreements about dates in writing, and protect yourself by negotiating financial penalties for failure to comply. Top Check Your Curb Appeal A home that's visually appealing and in good condition will attract potential buyers driving down the street. Use this checklist to view your property through an outsider's eyes.
On the Inside Strong curb appeal will lure potential buyers inside, where you have to live up to their expectations. Fortunately, there are plenty of easy improvements you can make to your home's interior without spending a lot of money. Cleaning is No. 1. Your windows, floors and bathroom tiles should sparkle. Make sure you have clean heating and air conditioning filters. Shampoo dirty carpets, repair dripping faucets and oil squeaky doors. It may not seem fair, but a peek in the oven may be the hallmark by which a buyer judges how well you have kept up your home. Remove unnecessary clutter from the garage, basement, attic and closets. If your home is crowded with too much furniture, consider putting some things into storage. If a room needs a fresh coat of paint, use a neutral off-white. Think, too, about how your home smells. You may be used to the smell of a pet or cigarettes, but such odors can be a strong turn-off to others. Finally, set a mood for the buyer. Make your house homey with live flowers and fresh guest towels in the bathroom. Place scented potpourri around the house or, on the day you're expecting a potential buyer, pop a batch of frozen cinnamon rolls into the oven for a welcoming aroma. Remember, cosmetic changes do not have to be expensive. In fact, costly home improvements do not necessarily offer a good return on your investment when you sell. It's attention to the basics -- anything that says "this home has been carefully maintained" -- that will help you get the price you want. Top Go It Alone--or Choose an Agent--New York Realty Exchange gives you real choices! Some homeowners decide to sell their homes themselves in order to save the commission charged by a real estate agent. However, handling your own sale means you will be responsible for answering communications, and showing your home to strangers. What's more, buyers who know you are saving on an agent's commission may offer less for your home, wiping out the financial incentive to do it all yourself. You may decide an agent's commission is a bargain the first time that a would-be buyer shows up unannounced at dinnertime. Also, be aware that a real estate agent probably knows a lot more about the business of selling a home than you do. Here are some of the advantages professional agents offer:
If you decide to sell your property on your own, our systems will
provide your property with maximum exposure. Listing your property
with pictures is fast and easy. When you list your property, we notify buyers
who have registered with us. And we offer
advanced search features where buyers can search by location and zip code and can include
a radius in miles. We make it easier for buyers to find you!
If you decide to sell through an agent, we've made it easy for you to
find an agent that meets your needs. Negotiating broker's commission fees
have never been easier. When you list your property on New York Realty Exchange,
YOU can name the price for the real estate commission fee amount you will pay. Real
Estate Agents bid on meeting your price. Then after reviewing the bids, and information
about the agent, you select the agent you will work with (We recommend that
before choosing the agent, you meet with the agent. Ask prospective agents how they
plan to market your home. Taking a walk through your home with an agent should give you a feel for
how the agent will handle prospective buyers. Then sign for a limited
period of time -- usually three to six
months.) Upon making your agent selection,
the agent becomes the main contact for your listing.
Setting a Fair Price Naturally, you want to get top dollar for your home. But, at the same time, you don't want to scare off potential buyers with a price tag that's too high. Setting an artificially high price may cause your property to languish on the market for months. Reducing your asking price later on may lead buyers to wonder if there is something wrong with your home. Here are some of the factors to consider in pricing your home.
To determine the value of your home, you probably will want the advice of a real estate agent or appraiser. When you list your property, New York Realty Exchange will automatically notify real estate professionals in your area indicating that you need a market analysis. Agents eager to build a relationship and become your listing agent will contact you via email to provide a market analysis (in most cases free). Ask the agent to prepare a market analysis for you, showing the recent selling prices of three neighborhood properties comparable to your own. The agent can help you adjust for the unique features of your own property. Either you or your agent will want to quickly weed out potential buyers who cannot really afford to purchase your home. A number of factors will help determine whether or not you are wasting your time negotiating a sale.
Seek Legal Representation When selling your home -- particularly if you are selling on your own -- it's a good idea to be represented by an attorney. Look for an attorney with expertise in real estate transactions. When a potential buyer puts an offer in writing and you accept it, the signed acceptance becomes the sales contract. Your attorney will be present at the actual closing to protect your interests and can assist you with the following elements of a sales contract:
Tax Implications Selling a home can have a major impact on your federal and state tax returns. Check with your tax consultant on the factors that may affect taxes resulting from the sale of your home. For example:
Congratulations! You've successfully weathered the logistics of selling your current home, and you're ready to move on to a new and exciting chapter in your life. Top
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