Sell Your Columbus,Ohio Home Quickly With The McMichael Team
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Know Why You are Selling
If you know exactly why you are selling then it is easier for you to follow the right plan of action for getting what you want.
If you are a seller who needs to close a sale as quickly as possible, then you should know that getting the highest price possible is not one of your priorities. It does not mean that you won’t or cannot get the highest price, but it means that the price is not the deciding factor.
A buyer who can give you a quick closing time will appeal much more to you than a buyer who can offer you more money but the negotiation and closing time drag on.
It’s always good to know how low you will go, in terms of selling price. This will help to eliminate some of the offers that you find simply offensive or ridiculous. Even though you should consider all offers seriously and take into consideration the terms of each offer, sometimes, if you know the bottom line and are strict about it, you can save yourself time.
Once you know what your limits and reasons are, discuss them with your agent so that they can help you set your goals realistically. If you decide to list your home on your own, make sure you do research on the current market, and you get the proper advice you need in terms of legal issues, etc. The key is to be realistic and to know what your goals are so they can be met.
Plan of Action
Finding the Right Agent
Not all agents work the same way. The most important attribute of an agent is that he/she is well connected to the real estate industry. He/she should know the market and provide information on past sales, current listings, his or her marketing plan, and at least 4 solid references. In addition, you also want to look for an agent that is honest, assertive, and one that best understands your needs.
Try to go with a local agent. They can better serve your needs because they should be more familiar with the local market conditions, local prices, and what’s hot or not in your community.
Considering Offers
When reading an offer, keep in mind that you are out to get the best price AND the best terms for you. If you focus solely on the price, you may overlook terms that could be favorable to you as a seller.
Some terms that may work in your favor:
higher-than-market-interest in a second mortgage for your home
the buyer will pay for most or all of the closing costs
the buyer will take care of any repairs
quick close – the buyer is pre-approved, ready to close in a timeframe that best suits you
all-cash deal
When reading through offers, remember to look at the whole package. Take the time that you need to assess what is being offered and if it meets your needs.
Setting the Price
The price is the first thing buyers notice about your property. If you set your price too high, then the chance of alienating buyers is higher. You want your house to be taken seriously, and the asking price reflects how serious you are about selling your home.
Several factors will contribute to your final decision. First, you should compare your house to others that are in the market. If you use an agent, he/she will provide you with a CMA (Comparative Market Analysis). The CMA will reflect the following:
houses in your price range and area that were sold within the last half-year
asking and selling prices of houses
current inventory of houses on the market
features of each house on the market
For Sale By Owner – A Good Idea?
FSBO (pronounced fizz-bo), or For Sale By Owner, is a way of selling your home without the use of a professional real estate agent or broker. The idea behind FSBO is that by selling your home yourself, you save the approximate 6% that would be the agents’ commission.
6% may not sound like a lot, but it can add up, especially on more expensive homes. But before you run off and decide to sell your home FSBO, you must remember that to get savings like that, there must be a cost. So what’s the catch? Selling FSBO is hard. A lot harder.
Only about 10% of sellers that decide to do FSBO are successful at it. And not all of them end up saving themselves money. FSBO sellers often end up accepting a lower price for their home than they would with an agent.
There are of course other issues as well. Can you afford to make selling your home your full-time job? Because for a lot of FSBO sellers, that’s exactly what it is. Do you have the time and capital to spend on the marketing, advertising, inspections, paperwork, phone calls, showings, and problems that come up when any home is sold?
Selling with a professional agent also has other advantages. An agent can get your home listed on the MLS (Multiple Listing Service) and other popular websites where not only homebuyers but also other agents can easily find it. Professional real estate agents also have an extensive network that allows them to more easily find a buyer.
So before you decide to sell your home yourself, thoughtfully consider just how much time and effort you can spare for selling your home, as well as how important it is that your home sell sooner rather than later.
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“The homeowners association called to remind you there's no shirtless lawnmowing past age forty-five.” - Tom Condron
Introduction:
When you own a home it's natural to want a comfortable and well maintained living environment. That's where Homeowners Associations (HOAs) come into play. HOAs are organizations that oversee and govern communities, offering amenities, shared maintenance, and neighborhood regulations. In this article, we'll explore the benefits of residing in an HOA community and how it can enhance your overall living experience.
HOAs establish and enforce guidelines to maintain the aesthetics of the community.
Access to Shared Amenities
One of the standout advantages of HOA communities is the access they provide to shared amenities. These amenities can include swimming pools, fitness centers, clubhouses and even parks. By having these amenities within their community, residents have opportunities for recreation and social interaction without needing to venture outside of the community.
Recreational Facilities
Many HOA communities offer facilities recreational like tennis courts, basketball courts, and walking trails. These facilities not only promote an active lifestyle but also foster a sense of community by bringing residents together through shared activities.
Improved Quality of Life
The availability of amenities and recreational facilities significantly improves residents quality of life. It adds value to their homes while offering options for relaxation and entertainment.
Exterior Maintenance
Some HOAs take on the responsibility of maintaining the exterior of homeowners properties. This includes tasks, like taking care of the lawn, painting, and repairing the roof. By delegating these chores to the HOA homeowners can save time and ensure that their properties are well kept.
Landscaping and Common Areas
One of the features in HOA communities is beautifully landscaped common areas. These maintained green spaces not only enhance the overall appearance but also instill a sense of pride in the community.
Cost-Effective Solutions
When it comes to maintenance and repairs, collective efforts through HOAs often result in cost saving solutions. By leveraging their combined purchasing power homeowners can enjoy competitive pricing on services and materials, ultimately saving them money in the run.
Maintaining Aesthetics
To maintain an appealing look throughout the neighborhood, HOAs establish guidelines that govern aspects such as landscaping, home exteriors, and even holiday decorations. These regulations ensure an appealing aesthetic across the community.
Community Guidelines
HOAs typically have community guidelines that address a range of issues including parking restrictions and noise levels. These guidelines aim to foster a harmonious living environment and prevent conflicts among neighbors.
Conflict Resolution
In situations where disputes or conflicts arise among residents, HOAs offer a structured processe for resolution providing an avenue for a peaceful settlement. Maintaining a harmonious atmosphere within the community is important.
HOA Dues and Budgeting
HOAs collect dues from homeowners to cover costs such as amenities, maintenance, and operations. These dues are carefully budgeted to ensure that the community functions smoothly in the long run.
Transparency and Accountability
It is crucial for HOAs to maintain transparency and accountability in their financial matters. Homeowners should have access to financial reports, allowing them to understand how their dues are allocated and spent.
Ensuring Long Term Financial Health
Effective financial management by an HOA contributes greatly to the long term health of the community. It ensures that there are funds available for necessary repairs and upgrades, ultimately protecting property values.
Building a Sense of Community
HOAs often organize events and activities that foster a sense of community among residents. These gatherings provide opportunities for neighbors to get acquainted with each other and develop lasting relationships.
Participating in HOA Activities
Residents have the opportunity to actively participate in HOA activities and decision making processes. This level of involvement allows homeowners to have a say in shaping the direction of their community.
Fostering Relationships
Living in an HOA community can lead to close-knit relationships among neighbors. This sense of belonging enhances the living experience for everyone involved.
Effect on Property Prices
Properties in communities with homeowners associations (HOAs) tend to hold their value. The presence of amenities, shared upkeep, and regulated aesthetics can make these properties more appealing to potential buyers.
Attracting Potential Buyers
When its time to sell, having an HOA can make your property more marketable. Buyers are often drawn to communities that offer the advantages and conveniences that come with HOAs.
Understanding HOA Governance
It's important for homeowners to grasp how their HOA is structured, including how rules and regulations are established and enforced. This knowledge empowers residents to actively participate in the decision making process within the community.
Resident Involvement
While HOAs provide structure and regulations, residents can still have a voice in community matters. Active involvement allows homeowners to strike a balance between their desire for independence and the benefits of an HOA.
Choosing the Right Fit
Not all HOA communities are identical. It's crucial to find one that aligns with your lifestyle and preferences. Conducting research and visiting communities can help you make an informed decision.
Living in a community with a Homeowners Association (HOA) offers many advantages, such as access to amenities, shared maintenance services, and neighborhood regulations that enhance living experiences. By embracing the advantages of living in a homeowners association (HOA) and actively engaging with your community you can experience the perks of a well-kept, peaceful, and flourishing environment that enhances the value of your home and brings joy to your life.
What are HOA dues and how are they determined?
HOA dues are fees collected from homeowners to cover community expenses. The amount is typically determined based on the community's budget and the number of amenities and services provided.
Can I opt out of HOA membership if I buy a home in an HOA community?
HOA membership is typically mandatory for all homeowners within an HOA community. It's a contractual obligation that comes with property ownership.
How do HOAs enforce community rules and regulations?
HOAs enforce rules and regulations through a structured process that may include warnings, fines, and legal actions if necessary. It's essential for residents to comply with the established guidelines.
Are there any downsides to living in an HOA community?
While HOAs offer many benefits, some residents may find the regulations restrictive or disagree with certain decisions made by the association. It's essential to carefully consider your preferences and research the HOA before moving in.
How can I get involved in my HOA's decision-making process?
To get involved in your HOA's decision-making process, attend meetings, join committees, and communicate with the board of directors. Active participation allows you to have a voice in your community's affairs.
Getting the Highest Price in the Shortest Time
In order to get the highest price in the shortest time, you need to know how to market your home. The better you market your home, the more offers you will get. And the more offers you get, the more choices you have to get the price and terms you want.
The most important factor of marketing your home is pricing it right. Your price should be adjusted to reflect the market and your property’s worth. The key is to get as many people as possible checking out your fairly priced property. If your property is not priced fairly, there will be no buyers because your price is set too high.
Another important factor is the condition of your home. Make sure that your home looks ready to be sold. Fix any defects (peeling or faded paint, cracks, stains, etc.) Condition alone can sometimes prompt fast buying decisions. Not only should you fix any defects, but consider upgrading your home by making major repairs and cosmetic improvements before selling. A nice looking home triggers the emotional response that can lead to a financial response.
Learn how to negotiate the best terms for all parties involved. Terms are another factor that may be adjusted to attract buyers. If you insist on getting your asking price, think of what you can offer to the buyers. For example, improvements you’ve made or even offering seller financing at a lower than market interest rate on a portion of the sale price. Convince them why they should be paying the price you have set.
Lastly, get the buzz out about your home. List your house with a hot agent that ensures your house is listed on the MLS and on the Internet. On your own, get the word out. It should always be visible to passersby that your house is for sale, whether it is through signs, local advertisements or you telling friends, family, and acquaintances.
1349 W. Lane Ave, Suite 1125, Columbus, OH, 43221
(614) 769-7766
(614) 768-6531
www.livingincolumbus.com