Frequently Asked Questions
Buying a home is one of the biggest purchases you will ever make. So it makes sense to understand as much as possible about the process before you begin. Whether you are a first-time buyer or already a homeowner, in the following you can learn about the home buying process step-by-step.
Obtain Buyers Representation - Get a professional to represent your interests. Someone who is available to give you information and advice. Having the right realtor represent you in this purchase can make all the difference in buying your home. For example, the Buyer's Agent is someone knowledgeable who can guide you through the process of buying a home.Make sure you know whose interests a Realtor® represents. They are required by law to tell you. Please note that my services to you as your "Buyer's Agent" are FREE since the seller is paying my fees.
Pre-Qualification - Find out how much home you can afford by pre-qualifying for your home loan. That way you're ready to purchase the home you want as soon as you find it. We can help with the process by providing a Pre-Qualification form for you to complete. You'll receive the results the next business day.
Viewing Homes - Angelo Home Team can provide you with access to any home.Once you have an interest in a particular home, review some of the documentation available such as the Seller's Disclosure Notice which tells you what the owner believes is the condition of the home. Or the seller's disclosure about lead-based paint for homes built prior to 1978.Have your Realtor® ask the seller for any other reports available to share regarding the condition of the house.
Once you find the home we will do the rest!
- The market determines value (Call 227-HOME for free market value)
- Price your home competitively, based on:
- the price of homes that have recently sold,
- are currently for sale,
- listings that have expired in your neighborhood.
- Condition of your Home
- Buyers base their decisions on the condition of the home as well as the price.
- Take the time now to prepare your home to attract potential San Angelo real estate buyers.
Select a Knowledgeable, Experienced Realtor
The San Angelo, Midland and Odessa Realtor brings the market to you. The market brings your price.
The right Realtor is the one who knows the San Angelo, Midland and Odessa real estate markets and can get you the best price possible - not the one who promises you the highest price just to get you to list with them!
The majority of homes in San Angelo, Midland and Odessa are sold within the first 5 weeks! If a home is not sold within the first month to month and half, the price is probably too high.
The Benefits of Pricing Right
- Your San Angelo, Midland and Odessa homes sell faster
- Your home never loses there “marketability”
- There is less inconvenience to you
- Realtors will focus their energies on your property because it is more marketable
- You will attract more potential home buyers. A well priced home gets a better response from sign calls and advertising
- The closer the price is to market value, the higher the offers
- Well priced real estate in San Angelo generates the excitement that produces higher sale prices. You net MORE money both in terms of actual sale price and in less carrying costs.
The Factors that Influence Overpricing
- Extensive renovations and hidden costs
- Urgent need for money
- Desire to purchase in a higher priced area
- Original cost of home too high
- Lack of San Angelo, Midland and Odessa real estate market information
- Building in “bargaining room”
- Perceived emotional value
Missing the Right Home Buyer
You may think that interested buyers “can always make an offer”, but if the home is overpriced, potential buyers looking in a lower price range will never see it. Those who can afford a home at your asking price will soon recognize that they can get better value elsewhere.
Remember, the wrong price attracts the wrong buyers. In fact, it may even help sell your neighbor's home.
The Results of Overpricing Real Estate
Many home sellers believe that if they price their house high initially, they can always lower it later. Often when a house is priced too high, it experiences little activity. Gradually the price comes down to market value, but by that time it has been for sale too long and home buyers are wary.
On occasion, the price is dropped below market value because the seller runs out of time. The property sells for less than it is worth.
The Importance of Early Activity
As soon as a home comes on the San Angelo market, there is a flurry of activity surrounding it. This is the crucial time when Realtors and potential home buyers sit up and take notice.
If the home is overpriced, it doesn’t take long for interested parties to lose interest. By the time the price drops, a majority of the buyers are lost.
For those of you considering selling your homes you should carefully consider pricing your home to market value. If it's priced right, there will be many interested home buyers and you should receive an offer within the first 2 months.
The first thing we do is put a sign in your yard and take great pictures of your home for the internet. On Rodney/Leslee's listings, we pay for professional photos on most homes. We then send it to Realtor.com, Craigslist, Zillow.com, etc. On most of our listings, we build websites for your home so that they can be shared on your personal Facebook, etc. as well as our office Facebook page. We then send out just-listed and just-sold cards to your neighborhood.
The market determines value (Call 227-HOME for free market value). We price your home competitively, based on the price of homes that have recently sold, are currently for sale, listings that have expired in your neighborhood, and the condition of your home.
We NEVER charge 6% to sell your home! We negotiate our rates! This is very important. It will save you thousands of dollars in certain situations. Why would you pay more when we offer superior service and advertise as much or more than the other guys? Please call us to talk about what we can do for you. It is not always about the name of the company that gets you results... it's the person!
Yes, we list our homes in the MLS.
It is against the Realtors Code of Ethics to not show any home based on what they may be paid in commission. It is very common for companies to lower their commission nowadays. We split our commissions, never making more than the other agent. We believe that if you do the right thing the money will come! This is the motto of our company and why we have been successful in being able to save our clients money!
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