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Do You Hate When Real Estate Agents Ask You This Question?

 

 

Have you ever gone to an open house? Or called a real estate agent about a listing you see? Maybe e-mail an agent about a property he/she has listed?

You just want to check out a house. Maybe you’re just curious. Or, maybe you’re even pretty serious about buying a house. Doesn’t matter. All you’re doing is wondering about a house. That’s it. That’s what you want to talk to the agent about…the house you came to see, or called about.

And it seems like one of the first questions an agent asks you is, “Do you have a house to sell?

It’s a seemingly odd question, right? It doesn’t make sense for them to ask that question…at least not at that moment.

It seems a bit “cart-before-the-horse”, doesn’t it?

It might even come across as kind of pushy and forward, and beside the point.

Whether you have a house to sell or not seems irrelevant at that point. You don’t even know if you like the house, or will buy the house you are looking at. And you aren’t even thinking about selling your house, until and unless you find the house you want and actually have an offer accepted.

So, why do agents bring this up all the time?

You probably figure it’s because they’re hoping you do have a house to sell, so they can list the home you own, sell you this one you are asking about, and get two sales off of you.

Or that they want you to list your home, and get it under contract, so that you have to move…(again, so they can get two sales off of you).

Which makes you feel like they’re just looking to make as much money as possible, as quickly as possible, off of you. And, all of your fears and perceptions about real estate agents seem justified…

Whether you have a home to sell or not matters.

It might seem kind of early on for the agent to ask you this. But it’s not.

In fact, this question should be asked, answered, and addressed, before you even look at a house to buy.

Agents need to know this.

You need to know this.

And it has nothing to do with an agent wanting to make more money, or any money at all, off of you.

Because, if you own a home, the chances are…you need to sell your house before you can buy another one.

That doesn’t apply to everyone, of course. But most people can’t buy another home, until and unless the house they currently own is sold…

…which doesn’t sound all that appealing to most people. It begs so many questions. Here’s a few of them…

  • Who wants to sell their home without having lined up the one they are buying first?
  • What if you can’t find a house you want to buy once your home is sold?!
  • Won’t that put you in a tough spot to negotiate the best price of a home you want to buy, since you will be under the pressure of time? Will you have to overpay just to make sure you have a house to move to?

Those are just a few of the most common, and valid concerns.

Maybe You Don’t Need To Sell Your Home First…

Almost everyone an agent meets wants to be able to buy a house, without having to sell the house they already own first.

So, agents are always asked if there are alternatives.

Basically, there’s one that solves this problem every single time.

Do you have enough cash to just buy a house outright!? If so, you are in luck!

Go ahead and look for a house, and buy one. Move out of your house and into the new one. Then sell the old one at your leisure. You have options most people do not.

There are some other options, of course. But they aren’t definitely options for everyone.

For instance:

  • A bank might loan you money to buy your next house without selling your other one first. There are certainly circumstance and products that will allow for this. But this depends heavily on you and your financial picture.
  • You might be able to negotiate a “home sale contingency”…meaning, the owner of the house you want to buy agrees to give you time to sell your home, and your purchase is actually contingent upon getting your house sold. (Tough thing to negotiate in a lot of markets, or with many sellers. It isn’t all that appealing to sellers. Put yourself in their shoes for a minute… Would you agree to that as a seller?)

While you might be able to find an alternate route, other than selling your house first, it’s unlikely. And in many cases, it makes you a less than desirable buyer…which limits your options, and ability to negotiate a good deal.

So many people lose out on the house of their dreams, because they search and find it before they are in position to do anything about it. It’s a recipe for wasted time, aggravation, disappointment, and heartache.

So, what should you do?

First, you should assess what your options are as early on as possible.

Speak to a real estate agent and a mortgage lender.

If you discover that you have options beyond having to sell your place first, awesome!

But if not, don’t feel like you are the only person on earth to ever be put in this position. You have a lot of company.

That doesn’t make it any easier to deal with, of course.

What will make it easier for you, and set you apart from everyone else in the same position, is understanding how critical it is to sell your home first. And, having a solid plan and approach to time the sale of your home, and the purchase of the next. (Which a great real estate agent can help you come up with.)

It’s The Holiday Season

What’s the top reason to sell your home during the holidays?

 

Every year about this time we see a lot of sellers take their homes off the market.  They don’t want to move during the winter.  They don’t want anyone to look during the Christmas holidays.  The kids will be on vacation from school.  You get the idea, and so do I.  But let me share this nugget with you:  “there are still motivated buyers out there during the winter months that need to select and buy a home.”   And if yours is still on the market, then yours may be what they select!

We can work around the freezing weather conditions.  No one wants to move during an ice storm.  We get that.  Everyone is normally very workable during this season.  We have sellers planning to list their homes soon (still).  I’m anxious to meet that buyer who has a very narrow window of time to select and close on his/her next home!

We’ve had some record busy fall and winters these past several years in the Moberly, MO real estate market.  Interest rates are still low, loan programs are available with no-low-some-20% down programs.  (Made you smile, didn’t I?)  This means that there are programs with no down payment, low down payment, some down payment, and of course, if you can put down 20% or more, that is optimal.

Feel free to share this with your friends who may be thinking of selling.  We’d love to hear from you!

Spring Has Sprung! We are having an Open House Weekend!

Spring has sprung, and the agents at Advantage Real Estate are rolling out the red carpet this Saturday and Sunday, March 19th and 20th with 20 open houses!   You can see all the details at www.AskAdvantage.com for each specific property!

 

Starting  on Saturday from 10 am to 12 noon:

 

1331 Watson - MLS 16-69

 

1331 Watson, $67,500  MLS 16-69

 

615 Weintz - MLS 15-438

 

615 Weintz, $114,500  MLS 15-438

 

505 McKinley - MLS 16-95

 

505 McKinley, $59,000  MLS 16-95

 

419 Corinth - MLS 16-43

 

419 Corinth, $145,000  MLS 16-43

 

304 S 6th - MLS 16-3

 

304 S. 6th St. $59,900  16-3

 

335 Morningside - MLS 15-363

 

335 Morningside Dr.  $169,900  MLS 15-363

 

36 Urbandale - MLS 15-329

 

36 Urbandale, $195,000  MLS 15-329

 

Starting on Saturday from 1 to 3 pm:

400 S Main Huntsville - MLS 16-85

 

400 S. Main, Huntsville $82,900 MLS 16-85

 

201 Greenhills - MLS 16-88

 

201 Greenhills Dr., $92,000 16-88

 

823 S Williams - MLS 15-11

 

823 S. Williams, $99,900  MLS 15-11

 

414 Union - MLS 16-7

 

414 Union, $76,500  MLS 16-7

 

Sunday Open Houses 1 to 3 pm

 737 W Rollins - MLS 15-239

737 W. Rollins, $76,900  MLS 15-239

 

519 Fort - MLS 15-443

 

519 Fort, $129,900  MLS 15-443

 

804 Fox Run - MLS 15-321

 

805 Fox Run, $225,000 16-60

 

805 Fox Run - MLS 16-60

 

804 Fox Run, $339,900  15-321

 

518 E Burkhart - MLS 15-358

 

518 E. Burkhart, $73,000  MLS 15-358

 

8527 Highway BB Huntsville - MLS 15-472

 

8527 Hwy BB, Huntsville, $125,500  MLS 14-472

 

1113 Bradford Circle - MLS 16-82

 

1113 Bradford Circle, $189,900  MLS 16-82

 

1052 Private Rd 1006 Clifton Hill - MLS 16-22

1052 Private Road 1006, Clifton Hill (just off Hwy 24 west of Clifton Hill North turn off.  You can see house from the highway)

$255,000  MLS 16-22

 

Sunday 3:30 to 5:30 pm:

423 S Clark - MLS 16-73

 

423 S. Clark, $45,000  MLS 16-73

Best Ways to Spend Your Tax Return

It’s always nice to get a big chunk of money back on your tax return.  How should you spend that money though?

Instead of hitting the mall, here’s some ideas to consider…

 

  1. Update your home’s fixtures.

Updating fixtures goes a long way to giving a modern “look” to a house.  Making the light fixtures and the ceiling fans all match is  what they do in new construction.  How about replacing door handles, hinges, faucets, and bathroom light fixtures to match modern home design trends?

 

  1. Trim and Mouldings

Installing crown moulding, baseboards, or wainscoting is a sure fire way to create a more refined look.

 

  1. Make Kitchen Repairs

Focus on making repairs like a new kitchen faucet, eliminating burn marks on the countertops, maybe repainting your cabinets and installing new hardware with a modern finish.  It doesn’t have to cost a lot.

 

  1. Spruce Up the Exterior

Keep in mind that the curb appeal is the first impression for many buyers online and in person.  Invest in some fertilizer to green up your lawn, even some chemical to get rid of the dandelions!  Trim the shrubs, paint the front door, clean the windows till they shine, set out some seasonal flowers in a flower pot.  These all go a long way to impress!

 

  1. Upgrade the Bathroom

Rather than taking on an expensive renovation, make sure your bathroom is tip-top clean.  Clean the tub and shower (make sure there’s no grungy mildew or soap scum), regrout the tile if needed, and install new fixtures.  Invest in some new towels if it’s been awhile.

 

Whether or not you’re getting ready to sell, these tweaks are cost-effective, and will result in a new look.  They may be small, but will make a huge impact!

Love It or List It?

Love it or List It?

Do you ever find yourself going back and forth about whether or not to sell your home?  As you think it through , here’s some factors to consider, including the current state of the real estate market as well as your lifestyle and financial situation…

 

Ever since the housing crash in 2007-2009, we’ve now had years of housing recovery.  So much recovery that we are experiencing a shortage of inventory for homes in today’s real estate market.  Fortunately for you, it’s a seller’s market right now.

5 signs it’s time to sell your home

 

  1. You’re running out of living space.

Maybe your kids are outgrowing their rooms (literally) or you’re thinking about adding to your family.  Or are you frustrated because you don’t have enough room for guests to sleep?  These are some signs that it’s about that time.

 

  1. You’re not emotionally attached to your home anymore.

In order to sell, you need to be able to view your house as a “product” and ask your Realtor what must you do to make the house show in its best light?

 

  1. You can afford it.

This is important – review all the costs related to selling and moving to the next home.

 

  1. Your equity is looking good about now.

Ever since the housing market crashed, homeowners have been skeptical about putting their home on the market to sell.  Thankfully, real estate has come back full force, and increasing numbers of homeowners are getting positive equity back.  Now is the perfect time to see where your equity stands.

 

  1. You are ready to make your decision.

Making the decision to sell your home can be difficult, but you don’t have to do it alone.  By partnering with a trustworthy real estate professional, you can get expert advice that will make the selling process smooth.

 

SO, THE CHOICE IS YOURS. 

ARE YOU READY TO LIST YOUR HOME? 

WE’D LOVE TO HEAR FROM YOU!  660-263-3393