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Comparative market analysis
A comparative market analysis (CMA) is a crucial tool for estimating the value of real estate. If you're a homeowner who is interested in listing your property for sale, a CMA will help you determine an appropriate asking price based on what sales prices similar homes in your area have received on the market.
Establishing listing Price
Listing price is a term that refers to the advertised cost to buy your home once you put it on the market. Depending on the current real estate market conditions in your area, your listing price may or may not reflect your final sales price.
Sign Listing Agreement
The listing agreement gives a detailed plan of action outlining how the real estate agent will promote your home: from listing it on the MLS, to arranging open houses, to online marketing and social media.
Multiple Listing Service
MLS are private databases that centralize real estate listings and property information in each region or local market. Its main purpose is to facilitate collaboration between listing agents and buyer's agents, enabling them to share information and work together to better facilitate and execute real estate transactions.
The benefit of advertising on real estate listing platforms is that you directly connect with active buyers and sellers ready to move forward in the sales process.
An open house can be a great lead generation strategy to increase your real estate sales.
A seller’s agent will schedule an appointment for a specific time frame to tour your home with their client alone, no other buyers.
Pre-qualifications are merely the simplest and most basic form of setting your housing budget and potential price range for a loan.
Pre-approved can save you valuable time by identifying how much you can afford, so you can target your home search to your price level.
Showing multiple location
A Buyer's agent represents the interests of the buyer in a real estate to represent multiple location.
Prepare the offer
An offer is the critically important first step in the contract formation process.
Here are the elements that make up a very strong offer:
Highest offer of all buyers;
Offers short contingency periods;
Down payment of at least 20% of the purchase price.
Prepare purchase contract
Purchase contract is a binding contract between a buyer and seller that outlines the details of a home sale transaction.
It is a way of settling disputes without fighting, a way of making joint decisions when those who are making decisions hold different views or a way of achieving your own objectives despite other participants having different objectives.
Escrow protects all parties involved in a real estate transaction.
Deposit earnest money
Earnest money can protect a home buyer if something is wrong with a property, and the seller if you simply want out of the deal.
The disclosure statement helps to protect the buyer from hidden problems that could reduce their enjoyment or use of the house.
A home inspection contingency gives buyers a chance to identify major issues with a home prior to closing.
A title search is an examination of public records to determine who has the right to own the property.
Preliminary Title Report
A preliminary title report helps ensure that the home you're about to purchase legally belongs to the seller and not an unknown heir who may try to claim the property.
Property insurance provides financial reimbursement to the owner or renter of a structure and its contents in case there is damage or theft—and to a person other than the owner or renter if that person is injured on the property.
The process of applying for a loan can be complicated, but there are several distinct steps involved: pre-approval, shopping for house, the mortgage application, processing the loan, underwriting and then the closing.
Appraisals are necessary when buying and selling a home because banks won't lend money if the appraised value of the house is less than the loan amount.