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How should I prepare to sell my house?
You need to start by taking a close, objective look at the property. Walk around the exterior with a pad of paper and write down EVERYTHING that...
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How is an asking price determined?
Asking price is usually set using a CMA or Comparable Market Analysis. This method uses location, recent sales for comparable homes, quantity and...
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How do you come up with a price for a "one-of-a-kind" property?
In most cases, there are several similar factors that can be used to help determine the basic value of a distinctive property, such as number of...
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What is the difference between an appraisal and a CMA?
An appraisal is performed by a certified appraiser who uses comparable homes in the area, condition of the property, etc. to determine an official...
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What is the difference between sales price and assessed value?
The selling price of a home is the value placed on it based upon other home sales in the area, condition of the property, and other factors.
The...
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How do you determine the value of a distressed property?
The best way to determine the value of a distressed property is to find a value based on comparable homes in the area. If the property needs work,...
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Can I sell my home for less than what I owe on it?
Yes. When a property sells for less than what is owed on it, it is called a "shortsale". In these cases, you will need to make arrangements...
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Should I price my home high for a little while to see what happens?
If a property is overpriced, it has a tendency to sell other homes in the area, all the while keeping your property on the market longer and losing...
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What repairs should I make before selling?
While you want to be sure your home is as appealing to potential buyers as possible, you need to be careful not to overextend yourself on repairs...
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Is it better to make repairs before I sell or lower the price for the buyer to do them?
Certain repairs can bring you a return on your investment. Others, however, regardless of how much you spend, won't add any value to the property. A...
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Explain the difference between a "Buyer's market" and a "Seller's market."
A "Buyer's market" is when there are more homes for sale than buyers looking for homes. In this instance, the buyers have an advantage,...
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How can I sell my house in a slow market?
There are a number of creative marketing strategies to use in a slow market. The biggest factor during these times is making sure your home has the...
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Is taking pictures of the inside of my house a security risk?
Using a professional Real Estate Agent to sell your home greatly decreases the risk of having your home "cased" for burglary. This is due...
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How do I get my home ready for showings?
You may want to keep some cleaning supplies convenient to take care of any quick "sprucing up" before a showing. Make sure floors and...
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Whose obligation is it to disclose information about a property?
It is the ultimately the seller's obligation to disclose any known defects or other pertinent information about the property to an agent or a...
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Is a pre-approved buyer better than a pre-qualified one?
A pre-qualification is a letter from a lender stating that, based on income and a rough idea of expenses, the buyer may qualify for a certain loan...
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Are verbal offers legally binding?
Verbal offers to purchase Real Estate are not accepted in Massachusetts. All offers must be made in writing. In most transactions, a pre-printed form...
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What happens when a buyer makes an offer?
When you receive an offer from a buyer, you have three options. You can accept the offered price and terms, you could counter the offer with a price...
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What if the offered price isn't what we wanted?
If we determine that the price offered just can't be accepted, we can counter. Making a counter offer is a part of negotiating. Or if the offer...
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What contingencies are usually put in an offer?
Most offers include two standard contingencies: an inspection contingency, which allows buyers to have professionals inspect the property to their...
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