Seller’s Information
Before gathering information about selling property, you have to identify (or label) what type of seller you are. One size does not fit all. Just because you are considering selling property, you can not be lumped in with every type of seller. The information you need has to be relevant to you and your situation.
Sellers fall into several categories.
Sell and purchase another home - If you currently own property and plan to sell and purchase another home, your needs are specific. You are entering what may seem like a foreign country. The language used does have it roots in English, but the terminology does not always mean what it appears to mean. In the real estate world, there is a big difference between buyers and sellers. A person selling one home and purchasing another needs a guide to assist them in getting both transactions coordinated and completed smoothly. If you are planning on selling one home and purchasing another, you will be best served by clicking SELL AND PURCHASE ANOTHER HOME and going to the area that has information specifically prepared for you.
Short Sale – If you own a home and want to sell but owe more than the market value, some things may have changed. It is not like riding a bike. Laws in every jurisdiction change over time and if you owned in a different location, the laws may not be the same in your new location. Just because you have owned in the past, you can not assume anything about this transaction. You may be familiar with the terminology used, but the real estate environment has changed considerably in the past few years. A person attempting a short sale needs a guide to assist them in moving through the transaction process smoothly and comfortably. If you are upside down on your mortgage, you will be best served by clicking SHORT SALE and going to the area that has information specifically prepared for you.
Selling property for an Estate - If you currently the executor of an estate that needs to liquidate real property, you certainly have different challenges ahead. The property must be marketed and sold with a clear title. Often, information will have to be dispersed to several people named in the will. There are times, when the decedent died intestate and the executor will have to liquidate assets to provide cash to cover final expenses. There may be a need to have the home cleared and cleaned and staged. We have found that most executors have a full plate and appreciate full service. Your transaction will require diplomacy and strong negotiating skills. If you are among this group of home sellers, you will be best served by clicking SELLING PROPERTY FOR AN ESTATE and going to the area that has information specifically prepared for you.
Investor Selling- If you are in the market to sell real estate you purchased as an investment, your needs are quite different than those that are selling property that has been owner occupied. You face different challenges regarding potential financing and will be making business decisions rather than personal decisions. In most cases you will be selling distressed properties that you have renovated. You will need the assistance of someone familiar with the vehicles you will use to complete the transaction successfully. If you are selling property you purchased for investment purposes, you will be best served by clicking INVESTOR SELLING and going to the area that has information specifically prepared for you.
Relocating to another area- If you are relocating from the Washington, DC area, you may fit one of the other categories as well as this one. The fact that you are moving to a new area increases the probability that you need lots of information about the area you are moving to as well as assistance in your specific seller category. In addition to the information pertinent to your type, it is important that you have a source of local knowledge. Traffic patterns, schools, shopping and life style choices all come in to play when you are moving to a new area. If you are relocating from the DC area, you will be best served by clicking on RELOCATING TO ANOTHER AREA in addition to the area that relates to your selller category. Information has been prepared for those that are relocating out of the area.
Bank owned/REO Property - If you are a representative of a financial institution that is seeking to liquidate it’s real property portfolio, you have needs that are specific in nature. Unfortunately, the large number of homes that fall into this category has created an overload on employees of financial institutions. Mortgage holders are under pressure from the Federal Government, investors, the media, share holders and the public. This situation has created a disparity between what many financial institutions are receiving and what they are paying for the services they receive. We offer concrete solutions to financial institutions. We understand that those faced with the liquidation of property need support and patience. If you are considering adding another Realtor to your effort in liquidating property, you will be best served by clicking BANK OWNED/REO PROPERTY and going to the area that has information prepared specifically for you.
If you are not sure where you fit as a seller, feel free to contact me and I will listen to your description of your needs and offer a path for you to follow.
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