Real Estate FAQs

Real Estate Frequently Asked Questions from Sellers:

Many times sellers are unconformable calling an agent because they are not fully ready or they simply do not feel that they have all the correct information to make a decision so they put off selling.  Our perspective is that you might just be wanting more information in order to make the best decision for you and your family, but are not ready to sell right away. Here are the most common frequently asked questions on behalf of sellers and our solution to achieve the best result for you without spending extra energy.

What to expect when Listing a Home for Sale with a Realtor like us?

When Listing your Home for Sale there are many variables that will go into the process . If you have been considering selling your home or  planning to upgrade to a bigger home or even downgrade to a more cozy home its critical that you speak to a trusted professional who has your best interest in mind and is knowledgeable about your particular area. Listing a home for sale involves the following:

  1. Private Consultation on Determining the “WHY” you are Listing Home for Sale.
  2. Realtor walk through home understand Marketability.
  3. Describing our Services and Approach.
  4. Answering your questions and concerns.
  5. Reviewing Closed Sales, Pending Sales and Active Sale to determine Pricing
  6. Mutual agreeing to a unique marketing plant to provide you with tailored marketing plan for maximum exposure.

When that time comes for you to consider listing you home for sale, we take an intimate approach to listing and selling your home. For hassle free and no obligations meeting with us please call/text us at 954-303-3032. We will be glad to assist you.

What should I do when preparing to Sell?

Selling your home doesn’t just mean hiring a realtor to stick a sign out front. There are a lot of preparations you should make to ensure you get the best offer possible in the shortest amount of time.

Repair. Just because you’ve gotten used to the cracks in the walls and the rattles in the radiators doesn’t mean a buyer will too. If you have hardwood floors that need refinishing, be sure to get it done prior to listing—hardwood is a huge selling point. Buyers like to snoop around, so be sure to fix any sticky doors or drawers as well. Finally, don’t forget to address any issues with the exterior—fences, shingles, sidewalks, etc. After all, without curb appeal, some buyers may never even make it to the front door.

Neutralize. You want buyers to see themselves living in your home. If your living room has lime green shag, wood-paneled walls, and all your collectibles and personal photographs, this will be much harder for them to visualize. Try replacing any bold color choices on your floors and walls with something more neutral—beiges, tans, and whites. Repainting and reflooring will make everything look fresh and new, and help prospective buyers imagine all the possibilities of living in the space.

Stage. Once your house is clean and updated, it’s time to play dress up. Home stagers can add small details and décor touches that will bring out the possibilities in the various spaces of your home: lamps, mirrors, throw rugs, pillows, flowers, decorative soaps, towels, and patio furniture. Home staging can be particularly useful if your home is an older built or if the exterior looks dated. Think of it as a little mascara and rouge—if it’s done right, you notice the beauty, not the makeup.

How many days do you expect to be on the market?

This is known a days on market or average days on market. There are a multiple strategies for when understanding how days on the market will affect you a seller. Short Sales, Foreclosures and regular sales day on the market are all different. Distressed sales are a different animal typical foreclosure are less than 30 days. Short Sale are 180 Days from start to finish. Regulars sale vary on the strategy.

As a seller keep in mind the following:

  1. If you are priced out of the market this can delay the days you are on the market. You house is beautiful and most likely with the right agent you can sell you house, but do not price your home out of the market. Because buyers, agents will not take the attempt serious. We use a general rule 12% over priced usually expect results such as. No drive bys, No showings, No Contract
  2. At the same time just because they days on market are less than 30 days does not mean that as a seller you are giving the home away. When you as the seller and your agent do a great job, the home should be under contract with in the 30 day with a normal closing time of 30 to 45 days depending on the multiple terms.

Yes! There are other reasons why you home will and can stay longer in the market. The main ones that we see are urgency and motivation. These are critical topic to discus with your realtor, for a private consultation with out any hassles or commitment, please call/text 954-303-3032 or email ed@edmartinez.com, we will be glad to assist you.

Who pays for Title Insurance?

Most purchase and sales contract terms are agreed between the sellers and buyers.

In Miami Dade County and Broward County title insurance is paid by the buyers, as a standard unless the sellers selects the title company. In Palm Beach county title insurance is paid by the Seller because they select the title company as a standard practice. There are exceptions on when purchasing a foreclosure or a brand new construction.

We offer you our customer complete clarity and transparency during the selling process and before we will provide you with a documents that we call an “Estimated Seller’s Net Sheet”. This document will not only describe the Title Insurance cost if you are responsible for paying it, it will also include all fees expected to pay as part of the sale.

For estimated amounts or comments send us a email or call/text us for a quick response to 954-303-3032.

Finding real estate to purchase has changed in many ways. As a buyer education if very important to your real estate purchasing success. Our approach is that we understand the modern buyer and we treat the buying process as a partnership by having access to homes right away, negotiating, experienced team members to  favorable terms for you as our customer.

 

Real Estate Frequently Asked Questions from Buyers:

Is there an advantage in buying my home with the listing agent only, is it true that I can save money?

Only in a few cases there may be a chance that you think you get a better deal, but realistically when the seller hired the agent to sell the home the they have an expectation of the what the market is worth for that property. Expecting to make offer for much lower can be down with an buyers agent the same way as a sellers agent or aka a listing agent. Also keep in mind there are many other concerns to buying a home that affect the price besides just what the seller is asking. Items like inspections, cost repairs, appraisals and terms that are unique to every transaction.  Using an real estate agent if you buying or selling is key to a successful transaction. 

I want to see the house, but it is listed with another agent?

This normal as a buyer you want to hire a realtor to do some of the footwork for you. To make calls and make sure that properties are available and realistic options for you to purchase. Situations for sellers vary all the time. Things like showing times, other offers, on going negotiations, sellers remorse, etc.

As realtors we co operate with each other, this makes your process better. Any property that is on the market realtors will place in our internal data base called the MLS, multiple listing service and we are able to share property information and access to properties for your ease of access.

How do I determine is my house is CBS or Frame?

Every house is built different, sellers need to provide a disclosure telling you is the home is CBS concrete brick structure or Frame that is the quickest way. Nonetheless you should always get a professional inspector to do the research for you.

Can association prohibit you form parking a boat or in front of your house?

Every Association has their own by laws and most times will limit you on what can be done in the front or the back of the home. They want to maintain the integrity and look of the community which is good in most cases. Now here is the gray area if you are in an association where they are bit flexible they usually will allow you to place a boat or an RV behind your property line of your fence .

How can the seller pay all or some of my closing cost?

This is very popular. Yes sellers are allowed to pay closing cost for the buyer with specific limits if you are financing. In today’s market is possible but not common. If you ask a seller to pay closing cost you are taking it from his bottom line number and at the same time you are including in the purchase price or loan amount. There are many drawbacks and benefits to taking this approach give us a call to discuss your personal case.

Why do I have to pay a maintenance fee or and association fee and what does my maintenance fee include?

If your house is an association, then you will an association fee or maintenance fee. These are fees that are paid monthly, quarterly or yearly depending on the community or condo. Each association has it’s own cycle, what we mean by this its the association is responsible for items such as common areas such as guard gates, elevators, landscaping, in some cases roofs, reserves for repairs etc. As a homeowner you pay these fees for the better of the community, it is ideal for you as the homeowner to be involved with your association.