Know Your Local Real Estate Market

Before you put your house up for sale, it is important to know how your real estate market is behaving. Is now a good time to sell your home? Real estate is local; this means that if there are more buyers in New York it does not necessarily means the real estate in California is the same. So, if a 4-bedroom house in New York is selling at $120,000 it does not necessarily mean that a house with the same features in California will also sell at $120K.

The easiest and fastest way to get information about your local real estate market is by talking to an agent. Agents have access to the local multiple listing services so they are more familiar with how the market works, how many houses sold and at what price. By knowing these, you will have an estimate of how much your house will sell.

This may seem old school but another great way to research about the local real estate market is by reading the newspaper. Check out the local newspaper by subscribing or by visiting their website. There is a section in the newspaper which is dedicated to real estate alone; If you have not done it already, keep track on number of similar houses sold and the corresponding prices.

Make use of the Internet. With today’s technology, you can find almost anything in the Internet. You can even get an estimate of your asking price by using an online calculator. You can also interact with agents online or via social media sites.

You can also talk to a local appraiser. Appraisers are normally hired by banks to evaluate the real estate’s fair market value. They can be good source of information about the latest market trends.

Ready to sell your home? Do not wait for buyers to make an offer. You can sell your home quickly to Lucas Properties, a private investor who buys houses in any condition at any given time.

Home Selling: Types of Home Listing

Home Selling

Home listing is part of a marketing strategy for home selling. It is one of the ways to reach potential buyers. There are several types of listing but only a few are commonly used.

Open Listing

This is commonly used by home owners who have chosen FSBO (For Sale By Owner.) As the name suggests, this is a non-exclusive listing. As the seller, you can have a listing to as many brokers as you want and you only pay commission to whoever finds a buyer first. That also means you need not pay any commission if you found your own buyer. Most brokers do not want to work an open listing unless the home inventory is low.

One-Time Show

This is somehow similar to an open listing. Sometimes, a broker will show a FSBO to one of his clients. The seller signs a one-time agreement which guarantees that the broker gets a commission should the specified potential buyer closes the deal. This prevents the seller from negotiating to the buyer directly after the showing and avoids paying the agent’s commission.

Multiple Listing

This is the very core of home listing. The goal of marketing is to reach as many potential buyers as possible; with MLS (Multiple Listing System) you can achieve this goal. MLS has a huge network of agents and these agents have access to clients looking to buy a home. This type of network will sell your home. Without MLS, for sale by owners are at a disadvantage.

Sellers with FSBO do not necessarily need to list their homes to sell. The presence of private property investors makes FSBO easier. The seller needs only to work with a decent property investor and he is guaranteed to have a close deal within a few days.

Private investors, such as Lucas Properties, have a list of buyers who are qualified to purchase a home but unlike brokers, they do not ask for commission. The biggest benefit that private investors have to offer is they provide for sale by owners an option to beat the time and expense of selling their homes the traditional way.

Getting Immediate Cash for Your Land

Plenty of property owners are looking for ways to make money fast. With lowered interest rates on savings accounts and 401K savings dwindling due to the market collapse, people have to get more creative to get the cash they need to sustain their comfortable lifestyles and others just need cash to put food on the table.
There are plenty of reasons for someone to sell vacant land to investors instead of trying to sell on the traditional real estate market. Many sellers don’t want to deal with the hassles of paperwork. Others don’t want to deal with buyers who default before the deal is closed wasting time and valuable resources. And still others simply need that lump of cash to fund something from a business venture or medical needs to sending a child to college or to stay afloat during a layoff or job loss.
There are plenty of investors who will be willing to make you an offer on your property if they deem it potentially profitable. Many investors are also ready to pay cash for land and will handle all the details associated with closings, titles and lenders. Due to these services and the nature of inflation, land investors are going to want to buy your land at a discount.
How much of a discount you may ask? It will largely depend on the value of your vacant land. That is the market value and most investors purchase at around 60% of market value. Some points to note about investors are that there should never be a charge to get a quote for cash for your land. If someone tries to charge you, don’t do business with them. Additionally, most investors will provide a cash quote for your land in writing with no obligations attached.
The reasons for selling your land for cash are your own. If you have the time to wait on the traditional market to deliver top dollar for your land, then it is in your best interest to wait for the real estate market to recover and then sell. But if you need fast cash, don’t wait. Contact a land investor now and sell your land for cash; fast and hassle free.