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Selling Your Home in Las Vegas
"Smarter Than the Competition"
When Should You Sell Your Home?
What Sets Your Services Apart from Other Selling Alternatives?
Fidelity Realty treats you with the dignity and respect that you deserve
Let's Be Honest, selling your home can be both exciting and disappointing.
On one hand, you have an opportunity to find a new home- finding what you want that your current home(s) don't have, moving closer to work, to move on from past memories, and so on.
On the other end of things, selling a home can be disappointing. You've lived there for a long time, you've put a lot of sweat into making it look so much better than the others in the neighborhood, or perhaps you don't appear to have much choice at all but to sell your home to make ends meet.
Either way, one thing is for certain- it needs to be done right and it needs to make financial sense in most or all aspects. You've come to the right place. Call today or send an email for a truly educational, no-pressure analysis of your situation and a few complimentary suggestions. (702) 277-1427 Seven days a week.
When Should You Sell Your Home?
The most important time element relating to the sale of your home is: When is it best for you?
Selling a home, once you find a buyer, often involves an approximately one month-long escrow. Thus, to anticipate when you get your proceeds (that's why you're selling, right?), one must get familiar with the market price for the home, price the home, and hope that your home sells within the range (Days on the Market or "DOM") of time other homes similar to yours have been selling.
Sounds simple, right? Well, the answer varies quite a bit depending on your knowledge of the immediate & general market trends and your ability to create exposure so that as many potential buyers as possible have the opportunity to acknowledge that your home is for sale.
Another component of timing relates to who is puting in the effort to sell the home. Realtors and real estate professionals have more resources, by nature than your average for sale by owner (FSBO) sellers. It's likely, then, that your home may sell faster when more resources (a professional) is used and, like capitalism encourages, the more people that see your home, the more likely it is that you receive multiple offers, which, in some cases, increases the sale price and your bottom line.
In all, you sell your home ealier than when you know you need your proceeds, but not too much earlier. Don't expect an offer in 15 minutes, even if you believe you'll get one that quickly.
Selling a home is essentially no different than selling anything else, such as a car or common appliances. Someone has something to sell and hopefully we also have someone who is out looking for something to buy.
The two most common methods are:
The advantages and di sadvantages to both are numerous and have been known to be the topic of countless conversations for nearly a century now.
Consider the analogy of employment. Two common choices are to find an employer (a job) or create one, which we call self-employed. If you can picture yourself succeeding as a self-employed professional who can at least make ends meet, then for sale by owner may be a good option for you. It requires constant awareness of the legality and common protocols for creating interest in your product or service.
If, on the other hand, you are the type of person who is intimidated by paperwork, often pressed for time, and not at least somehwhat aware of the current real estate market, then using a brokerage is likely the best option for you.
What Sets Your Services Apart from Other Selling Alternatives?
Know How Much Your Home is Worth? Click Here to Find Out
Remodeling
The remodeling projects that offer the best return on investment are those that add living space and improve kitchens and bathrooms.
Most buyers like large master bedrooms, multiple bathrooms, modern appliances, and open kitchen layouts. Renovations that may offer a poor return on investment include swimming pools or spas, tennis courts, decks, and patios. In some markets, these can be valuable additions. The key to adding value comes in expanding actual space rather than mere cosmetic makeovers. As such, loft conversions, adding a bathroom, converting a half bathroom into a full bathroom, digging out cellars, building extensions and developing garden plots are the real value-adding winners.
Selling
To present your home in its best light, take a fresh look at it from a potential buyer's perspective. Approach your house from the curb. Would you have a positive first impression? Does it appear to be a "home" instead of a "house?" It's easy to create an airy space with plenty of room by removing items that make the room feel small or cluttered. As you examine each room, decide whether a coat of paint would freshen the area. Remember, neutral colors have a broad appeal. Before leaving a room, test cabinet doors, drawers, and faucets. These quick fixes may not attract attention when they're repaired, but will certainly be noticed if they aren't.
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Selling Your Home News & Articles
Home Remodeling as an Investment The following article explains the cost versus value of implementing your remodeling projects. Topics include bathroom remodeling, a deck addition, a window replacement, an attic bedroom, a master suite addition, a major kitchen remodel, a family room addition, a roofing replacement, a basement remodel and a sunroom addition. Realtor Magazine December 2004
Title Insurance Provides Homeowners Added Safeguard Often Misunderstood Policy Protects Against Previous, Undetected Claims Against Property 1/15/2005
Tax & Estate Law- Legal Q & A Estate planning is very important to the financial success of you and your family. Below, some common questions are covered, such as: What is the benefit of estate planning? Should I be concerned about estate taxes? What can I do to protect my assets? What are some of the issues to be considered in estate planning?
Experts: Spruce Up Home Before Sale in Spring A few hundred dollars invested in home renovations during the winter could return thousands of dollars in a spring sale, real estate experts said. "The first impression of your home to prospective buyers is often the most critical," he said. "Assess the situation early. Sellers who take time to repaint their homes, repair damaged shutters or touch up siding can raise their asking price significantly." 1/16/2005
When Selling Your Home, the Buyer Dictates the Price If you're wondering what price you should sell your home for, think about this: the buyer truly determines the selling price of your home. Your broker (realtor) helps you determine the listing price, but keep in mind that the listing price often is not always the selling price. When your home does sell, take note that tax laws have changed, you may be getting more of a tax break than you thought. By making one extra payment a year, the life of a 30-year fixed mortgage can be reduced by seven years. 1/3/2005
Quick Sale May Prevent foreclosure- A foreclosure is worse than a bankruptcy on your credit record, as far as any future mortgage is concerned. Is a reverse mortgage a good thing? 11/20/2004
Warranty Gains In Popularity- Buyers Demand Extra Coverage for Major Op Systems 11/7/2004
Formula to Reduce Price Nonexistent Sometimes the houses on the market aren't selling. In this article, entitled "Formula to Reduce Price Nonexistent", Edith Lank of the Creator's Syndicate observes that if the house is not selling and there is no obvious defect, then it must not be selling because of the price. " It doesn't matter what you think, what your broker thinks or even what an appraiser thinks. In the end, only your buying public's opinion matters," she adds. 11/7/2004
End of Year Sales Problematic- Contrary to popular belief, the holiday season isn't a bad time to put your house on the market. But trying to close on a sale during the holidays may be more difficult than normal. 11/7/2004
Quick Sale May Not Net Fair Value Signs populate Las Vegas that say "We'll buy your home right away." Are these companies legit? 10/10/2004
Scam Artists Use "Unusual" Contracts to Prey on Sellers Local attorney advises professional counsel before signing documents. "Don't sign anything unless it's understood. If not, ask questions. If the explanation is unsatisfactory or confusing, refuse to sign until there is an adequate explanation." 9/12/2004
IRS Issues Opinion on Housing Profits- New Regulations Resolve Ambiguity Over Capital Gains on Home Sales 9/12
/2004
Condo Owner Questions Sales Terms If a real estate agent asks you if you would like to sell your property, there can be two separate intentions. 10/3/2004
Reasons to use a Realtor Realtors are professionals in real estate. They can save you money and find the best offer for your house.
Understanding Preliminary Title Reports What is a preliminary title report? When and how is it produced? Is it the same as title insurance?
Statements of Information What's in a name? When a title company seeks to uncover matters affecting title to real property, the answer is: "Quite a bit."
Top 10 Questions asked by sellers When do you get your proceeds? Understanding tax prorations and statements of information, what do I do if I'm an out of state seller?
Arranging a Rent Back Various scenarios can force sellers into a rent-back situation. This is when the homeowner sells the property but does not move right away and strikes a rental agreement with the new owner to stay in the property for a designated period of time.
So You're the Seller- Step by Step Instructions Do's and Don'ts, with seven suggestions to help your home sale go well.
Moving Checklist Week by Week reminders to help your move go as easily as possible
Seller's Market: Commercial Real Estate Strong but Expected to Slow
Making Your Home More Saleable Before you put your home on the market, there are some things you can do to differentiate your house among competitors.
The CLTA Policy a list of what is covered on typical homeowner title policies
The Escrow Process Buying or selling a home (or other piece of property) usually involves the transfer of large sums of money. It is imperative that the transfer of these funds and documents from one party to another be handled in a neutral, secure and knowledgeable manner. For the protection of buyer, seller and lender, the escrow process was developed.
Selling Your Home: Before the Sale Before selling your home, there are many considerations you should take into account. The following tips can help increase the value and selling price of your home and make your transaction easier.
Sellers Resources
Haven't found what you're looking for? Try a personal search or schedule an appointment to meet with a Realtor and/or look at properties.
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