To assure you that your property is marketed to its fullest potential and that you are fully informed throughout the sale process, I pledge to complete the following:
- Carefully evaluate your home, its competition and current market conditions
- Prepare a Comparative Market Analysis to establish fair market value
- Prepare a listing contract
- Prepare a seller’s property disclosure
- Assist in staging (if needed) and preparing your home for showings
- Enter your listing in the MLS (Multiple Listing System)
- Ensure your home is listed on consumer websites such as Realtor.com, Craigslist, Postlets, Zillow, Trulia etc. & update ads weekly
- Take photos of the property for marketing purposes
- Install a professional ‘For Sale’ post and sign on the property
- Place lockbox on property
- Complete marketing flyer to distribute to all agents in our company and in our real estate database
- Hold open houses with print ads in the Maine Sunday Telegram and online websites
- Arrange showings for other agents
- Pre-qualify potential buyers
- Review list price based on agent feedback and market conditions
- Provide weekly market activity and showing feedback
- Present and review all offers with you
- Negotiate the transaction on your behalf
- Finalize the closing
- Provide references for movers/ needed contractors throughout the sale process
Chris Almasi, Your Maine Real Estate Agent
Definition: The most probable price in cash, terms equivalent to cash, or in other precisely defined terms, for which the evaluated property would sell in a competitive market under all conditions requisite to a fair sale, with the buyer and seller acting prudently, knowledgeably, and for self-interest and assuming that neither is under “undue duress.”
What affects the market value of a home?
- Size of house and lot
- Interest rates
- Prices of recently sold properties
- Competing properties
What does not affect the current value?
- Original price
- Needed proceeds
- Wanted proceeds
- Cost to rebuild today
- Personal opinions of family, friends or neighbors
Value is determined by what a Buyer is willing to pay and a Seller is willing to accept in today’s market. Buyers should make their pricing decisions based on comparing a property to other properties sold in the area.
Making an offer
Everyone wants to get a deal, however the strategy of making an offer involves more than just throwing a price out to the seller, hoping they will accept it. First and foremost, if you want the negotiations to be successful, you want to submit a reasonable offer that the seller will be willing to work with. Starting off with an offer that is too low could offend the seller and halt any further negotiations. It is also important to remember that sellers all have different motivations for selling, and are all in different financial positions – all of which can affect what they may be willing, or able, to accept for their property. When submitting an offer you should take into consideration the condition and location of a property, as well as the current market value for the neighborhood.
Each property and circumstance is different, but a strategic negotiation plan, along with realistic expectations, can result in a successful purchase!