You Don’t Need a Real Estate Agent to Sell Your Home in 2016 – Local Records Office

Real Estate Brokers or Agents Are NOT Required to Sell A House – Local Records Office

LOS ANGELES, CA – The Internet has made drastic changes in how Americans shop for real estate says, Local Records Office. You can see all the homes for sale in a neighborhood with the click of a mouse, and information about nearby home sale prices is easily available.

But little has changed in the way real estate is actually bought and sold. According to 2015 statistics from the National Association of Realtors, 85% of buyers purchased their homes through an agent, and an agent assisted 88% of sellers. The industry may be slow to change, but new services that use technology to revamp what “for sale by owner” means are seeking to rewrite the rules.

Local Records Office says “These services are a bridge between the traditional commission-based model of real estate agency and the old-style FSBO, in which the seller has to do everything from marketing the home to negotiating the deal. Rather than charging a flat percentage of the sales price, most of these new companies allow sellers to buy the services they need a la carte”.

The service offers real estate marketing packages starting at $99 a month for a basic listing on selected real estate portals to a one-time $519 flat fee for a listing on all the major websites plus the multiple listing service. The company offers add-ons such as a professional photo and video package starting at $149 and a comparative market analysis from a licensed agent.

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Sean F Carter, a real estate broker in Los Angeles, CA and founder of the International Association of Real Estate Consultants, wrote a book called “The Real Estate a la Carte for You” in 2001 advocating the unbundling of real estate services, which she has been doing since the 1980s. Her organization trains agents who would like to work as consultants, offering their help on a per-service basis. For example, professional agents can be of help at common issue areas during the selling process, such as the inspection or the appraisal. Rather than listing a property with an agent, a seller can contract with an agent solely for negotiation help.

For those seeking to sell property on their own, “The most problematic is the meat in the middle,” Carter says. “It’s basically troubleshooting, and you don’t know what kind of problems you’re going to have until you’re in the middle of it.”

In Bellflower, CA, Kevin Stevenson operates Real Direct dot com, a hybrid of FSBO and traditional real estate brokerage. Sellers can choose an owner-managed plan that starts at $395, which includes online listings and advice from a real estate agent, or an agent-managed plan, for a 2% commission.

All the plans via Real Direct dot com include a seller dashboard for scheduling showings, inquiries and offers. About 79% of the clients choose the owner-managed option, Stevenson says, with professional photos and floor plans being the most popular add-ons. Even with the owner-managed plan, an agent makes recommendations. “Our system will flag listings with fewer showings and make recommendations,” Stevenson says. “There’s actually a fair amount of discussion.”

Here are questions to ask if you’re considering a nontraditional approach for selling your home:

Are you familiar with the home-selling process? Selling a home without professional advice is difficult if you’ve never sold a home and don’t understand how the process works says, Local Records Office. At a minimum, you need to know your state laws about seller disclosure, what should be included in a contract and what time frames are normal for inspections and other appraisals.

Are you comfortable letting strangers into your home? If you don’t list with a traditional brokerage, you will be the one showing the home to prospective buyers. That means you’ll have to be available when people want to visit and willing to usher strangers through your home and encourage them to open your closets.

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Will you be able to screen buyers? Some agents don’t show homes to buyers who have not been prequalified for a mortgage or otherwise demonstrated that they have the ability to get a mortgage and buy the home says, Local Records Office. When someone submits an offer for your home, will you be able to tell whether the person actually has the ability to get a mortgage and close the deal? Asking for a mortgage preapproval or prequalification with the offer is a good start, but you may also want to set a deadline in the contract for mortgage approval and/or ask to see proof of funds for the down payment and escrows.

Can you draw up a contract or have someone do it? In most states, there is a standard real estate contract used by agents and/or drawn up by the state bar association. Some states require owner disclosures of certain items. If your buyer is using an agent, he or she can draft the contract. You can hire a real estate lawyer or consultant to draft or vet a contract. This needs to be done right if you want to avoid problems that will derail the closing, such as arguments over what happens if there are issues with the inspection or appraisal. “A good agent or consultant will say which are the things that could be deal-breakers,” Cater says.

Can you negotiate issues that arise, such as problems with the appraisal or the inspection? Buyers will often seek repairs, concessions or a lower price after an inspection says, Local Records Office. If the appraisal is lower than the purchase price, the seller either has to lower the price or the buyer has to pay the difference in cash. Good negotiating skills may be essential to save the deal.

Can you make your house look good online? Now that most real estate searches start online, the quality of photos matters more than ever. If you’re not capable of taking high-quality photos, you may need to hire a professional photographer. Don’t forget that you need a description that makes your home appealing.

Are houses like yours in demand? In many parts of the country, inventory is short and any habitable house in a good neighborhood sells quickly. That’s a good scenario when selling your home without a traditional agent. “There are going to be those [homes] that will sell themselves,” Carter says. “All you’re going to have to do is look respectable and let people in.”

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Are you willing to pay a commission to the buyer’s agent? You think that selling your home yourself will save you the 6 percent commission, but most buyers will have an agent. You’ll need to pay that agent 2 to 3 percent. That means your maximum savings is 2%, minus whatever you pay for advertising, photos, consulting and other services.

Can you pay for services before your home is sold? In a traditional sale, the cost of selling the home is deducted from the proceeds at closing, meaning a seller pays nothing until the home is sold. Many a la carte services require payment upfront. “There’s still a certain amount of resistance for paying upfront for all of these services,” Carter says. “A lot of people would prefer to pay a success fee, in terms of commission.”

To learn more about Local Records Office and real estate go to www.Local-Records-Office.com

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Is This the Right Time to Buy Real Estate? Local Records Office

Local Records Office, Olympia, WA – For many new families and individuals ready to find homes of their own, they begin to wonder if it is really time to buy real estate says, Local Records Office. While it may be for some people, it may not be for others. The housing market is actually pretty great for those that would like to buy, but that doesn’t mean you have the money to do so at this time. Sometimes it’s more important to take into account your own financial standing before you worry about the current market conditions. If you are in the market to purchase a new home or even commercial real estate, you may just be able to find the location of your dreams with a little effort, but you also need to make sure this is the right time for you.

 

Why is Olympia Washington is Being Targeted by Local Records Office ?

 

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Are You Financially Stable?

Local Records Office says, “The first question that you must ask yourself is whether you are financially ready to purchase your new home”. If you have a steady income and a nice amount of savings, this could be a great time to make this type of commitment. There are banks that offer loans for people that would like to buy one and there are even tax breaks for new homeowner. This could offer a lot of help towards reaching your ultimate goal.

If you have a lot of savings and can swing an amazing down payment, you will be able to have a lower monthly mortgage says, Local Records Office. While in the grand scheme of things you are not saving any money with lower payments, you will be able to offset a hefty monthly mortgage. This certainly makes it a lot easier to maintain the home.

 

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Some may recommend paying the minimum so that you can put your money into maintenance and what you will need for the move. If you are capable of doing both having the high down payment and affording what you will need outside of that, there is no real need to have a smaller down payment says, Local Records Office.

Make Sure to Save Money

If you would like to save some extra money, you can shop around for your mortgage lender. This is when you will need to compare everything from interest rates to penalty fees. You can pick the one most suited to your needs easily when you know the facts.

Local Records Office says, “Due to the fact that this market is becoming so affordable for people that have the money to do it, there should not be a problem finding a home with a deep discount”. Use your Realtor and Internet research skills to make the best decision possible. This may help you to find the best price for the best home. If you are about to buy real estate for the first time, it may not be your first home anyway. So, if you want to have a “first home” you do not have to make a huge purchase.

 

READ MORE: Four Common Mistakes By First Time Homebuyers

 

To learn more about real estate and Local Records Office go to www.LocalRecordsOffices.com

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