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General information, checklists, fact sheets, surveys. Please feel welcome to email Ray or Len for more information.

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How Long Does it Take to Market a Property?

The length of time it takes to market a house will vary. Some properties will sell in just a few days, others may require several months. Following are the six factors that influence the time it takes to sell a property.

Competition
Every buyer makes his decision about which home to buy and how much it is worth by his other choices tat the time he buys. The supply of other choices the buyers will compare with your home is constantly changing each week and month. The current competition always affects the buyer's opinion of your property and what he thinks it is worth. So, the questions is: What will be the buyer's other choices at the time they are shown your property.?

Price
If the property has not sold after a reasonable length of time, but other similar propertiess have sold, then the price may need to be reduced. If this is true and the price is not reduced, a sale may delayed or prevented.

Property
If the property should how poorly or have major defects which cannot be, or are not corrected, a sale may not occur until the defects are corrected or the price is adjusted to compensate for them.

Financing
The current cost of mortgage financing plays an important role in affordability to most prospective buyers. If these costs are too high, then the financing may cause a delay or prevent the sale.

Timing
Timing is the condition of the real estate market at the time of the sale. Supply and demand are the factors influencing whether it is a seller's or a buyer's market. Neither the seller nor the listing agent can change the market condition at the time the property is for sale. It must be accepted for what it is.

Marketing
Marketing techniques re being constantly tested and updated for the best results. But even expert marketing has limitations because marketing cannot overcome any of the first five factors if they are out of balance and remain uncorrected. We wiill supply you with a constant flow of updated information which will help you determine the marketability of your property.

Marketing Expense Planner
Print and complete this handy form to discover the net gain from selling your home.

 

1. Market value   $
     
Estimated expenses    
Real estate brokerage fees   $
G.S.T. on brokerage fees   $
Legal fees (approximately)   $
Legal disbursements   $
P.S.T. on legal services   $
Tax adjustment   $
Home survey (if applicable)   $
G.S.T. on balance of services   $
Mortgage prepayment penalty   $
Total   $
2. Less selling costs   $
3. Net to seller prior to mortgage payoff   $
4. Less current mortgage   $
5. Estimated net to seller   $

This is what Ray and Len will do for you!

  • Get as many qualified buyers as possible into your home until it is sold.
  • Communicate the results of our activities, weekly, to you.
  • Assist you in getting the highest possible dollar value for your property with the least inconvenience.
  • Constantly look for the best possible methods of exposing your property to the potential buyers in the market.
  • Suggest and advise you of any changes you might want to make to your property to make it even more marketable for the buyers.
  • Immediately alert all Remax Ocean Pointe Realty sales staff to your property.
  • Immediately place our recognized sign on your property, "www.rayandlen.com", which directs people to this Web site.
  • If your home is listed on the M.L.S. system, host an Open House at your convenience.
  • Develop a list of features and benefits for your home, for the co-operating agents to use with their potential buyers.
  • Advertise as necessary, including a free detailed listing on our Web site, and full-motion 360º virtual tours.
 
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