Selling & Buying Property
Selling A Property
Sell Your Minot Real Estate - When your Minot home or property is listed with Jeff or Nathan Stremick of Signal Realtors, it is part of an intensive multi level internet marketing plan that exposes your home or property to a vast audience of buyers. Plus, your Minot home or property is listed for sale in the local Minot area and surrounding Minot MLS. We Connect Buyers to You!
Tips On Selling Your Home
Below are some preparations you can make prior to contacting us. You can contact us at any time and we can guide you through the entire process of selling your Minot home.
- Get a copy of your credit report and correct any errors.
- Reduce your consumer debt - pay down credit card balances.
- Get Pre-Approved for a Minot Home Loan. Before you sell your Minot home be sure you are qualified to buy another.
- Find out what your Minot home is worth.
- Make Necessary Repairs.
- Get your Minot House Ready to Show.
- Mentally prepare to show your Minot home to prospective buyers. The more open you are to buyers the better your Minot house may sell.
How To Prepare Your Home For Sale
- Disassociate Yourself With Your Minot Home
- Say to yourself, "This is not my home; it is a house -- a product to be sold much like a box of cereal on the grocery store shelf.
- Make the mental decision to "let go" of your emotions and focus on the fact that soon this Minot home will no longer be yours.
- Picture yourself handing over the keys and envelopes containing appliance warranties to the new owners!
- Say goodbye to every room.
- Don't look backwards -- look toward the future of your new Minot home.
Pack up those personal photographs and family heirlooms. Buyers can't see past personal artifacts, and you don't want them to be distracted. You want buyers to imagine their own photos on the walls, and they can't do that if yours are there! You don't want to make any buyer ask, "I wonder what kind of people live in this home?" You want buyers to say, "I can see myself living here."
People collect an amazing quantity of junk. Consider this: if you haven't used it in over a year, you probably don't need it. If you don't need it, why not donate it or throw it away? Remove all books from bookcases. Pack up those knickknacks. Clean off everything on kitchen counters. Put essential items used daily in a small box that can be stored in a closet when not in use.
- Rearrange Bedroom Close
Buyers love to snoop and will open closet and cabinet doors. Think of the message it sends if items fall out! Now imagine what a buyer believes about you if she sees everything organized. It says you probably take good care of the rest of the house as well. This means: Alphabetize spice jars. Neatly stack dishes. Turn coffee cup handles facing the same way. Hang shirts together, buttoned and facing the same direction. Line up shoes.
- Rent a Storage Unit
Almost every Minot home shows better with less furniture. Remove pieces of furniture that block or hamper paths and walkways and put them in storage. Since your bookcases are now empty, store them. Remove extra leaves from your dining room table to make the room appear larger. Leave just enough furniture in each room to showcase the room's purpose and plenty of room to move around. You don't want buyers scratching their heads and saying, "What is this room used for?"
- Remove/Replace Favorite Items
If you want to take window coverings, built-in appliances or fixtures with you, remove them now. If the chandelier in the dining room once belonged to your great grandmother, take it down. If a buyer never sees it, she won't want it. Once you tell a buyer she can't have an item, she will covet it, and it could blow your deal. Pack those items and replace them, if necessary.
- Make Minor Repairs
Replace cracked floor or counter tiles. Patch holes in walls. Fix leaky faucets. Fix doors that don't close properly and kitchen drawers that jam. Consider painting your walls neutral colors, especially if you have grown accustomed to purple or pink walls. (Don't give buyers any reason to remember your home as "the house with the orange bathroom.") Replace burned-out light bulbs. If you've considered replacing a worn bedspread, do so now!
- Make the House Sparkle
Wash windows inside and out. Rent a pressure washer and spray down sidewalks and exterior. Clean out cobwebs. Re-caulk tubs, showers and sinks. Polish chrome faucets and mirrors. Clean out the refrigerator. Vacuum daily. Wax floors. Dust furniture, ceiling fan blades and light fixtures. Bleach dingy grout. Replace worn rugs. Hang up fresh towels. Bathroom towels look great fastened with ribbon and bows. Clean and air out any musty smelling areas. Odors are a no-no.
Go outside and open your front door. Stand there. Do you want to go inside? Does the house welcome you? Linger in the doorway of every single room and imagine how your house will look to a buyer. Examine carefully how furniture is arranged and move pieces around until it makes sense. Make sure window coverings hang level. Tune in to the room's statement and its emotional pull. Does it have impact and pizzazz? Does it look like nobody lives in this house? You're almost finished.
- Check Curb Appeal
If a buyer won't get out of her agent's car because she doesn't like the exterior of your Minot home, you'll never get her inside. Keep the sidewalks cleared. Mow the lawn. Paint faded window trim. Plant yellow flowers or group flower pots together. Yellow evokes a buying emotion. Marigolds are inexpensive. Trim your bushes. Make sure visitors can clearly read your house number.
What's My House Worth?
Are you wondering what your home is currently worth or how it compares to similar Minot homes currently available from the Multiple Listing Service (MMLS), including homes that have recently sold, as well as similar properties currently listed? If so, I can prepare you a free comparative market analysis. All you need to do is click the button below and fill out the information on the Free Comparative Market Analysis Form. This information will be used to prepare your CMA report.Get A FREE Market Analysis
How To Price Your Home
When the time comes to price your Minot area home for sale, you may be tempted to start with the price you paid for it, add a healthy markup and call it a day. Unfortunately, that strategy is unlikely to result in a true reflection of your home's market value.
Here are six strategies to help you figure out how much your home is worth:
- In order to think about how much someone else will be willing to pay for your home you must be willing to abandon your personal point of view. Buyers don't care about what you have invested in your home.
- Get a number of different Minot area real estate agents to give you a "Comparative Market Analysis" (CMA). This will tell you how your house compares to those that have sold recently. Price recommendations based on CMAs aren't gospel. Some Minot agents will tell you to under-price your home in hope of sparking a bidding war. Others will suggest a flatteringly high price to "buy" your listing only to demand a price reduction a few weeks later.
- Go to open houses in your neighborhood and try to make an impartial assessment of how those homes compare to yours in terms of location, size, amenities and condition.
- You need to find the average price per square foot for homes in your neighborhood. This is a good starting point in setting the price of your Minot area home.
- Take into consideration the current market conditions. This involves knowing if home prices are going up or down, if homes are selling quickly or slowly, if interest rates are attractive or not, whether the economy is hot or cold, or perhaps if the job market is strong or week.
- Make your transaction terms sweet. The more creative and flexible you can be in meeting the buyer's needs, the more success you'll have in pricing your home to sell.
Buying A Property
Minot area property selection and mortgage rates are very favorable. Personalized Attention, Trust, Knowledge, Integrity and Excellent service is what you’ll receive when working with us. We can show you any house in Minot that is on the Multiple Listing Service. Now...is the time to Buy a Home in Minot!
Tips For Purchasing A Home
Below are some preparations you can make prior to contacting us. You can also contact us at any time and we can guide you through the entire process as well.
- Get a copy of your credit report and correct any errors.
- Reduce your consumer debt - pay down credit card balances.
- Assemble a cash down payment.
- Determine how much you can afford to pay for a home.
- Decide how much you are willing to spend for a home (different from how much you can afford).
- Get familiar with basic mortgage terms.
- Get pre-approved or at least pre-qualified for a mortgage loan.
- Investigate neighborhoods where you want to look for a house.
- Consider neighborhood school quality and crime rates.
- Select two or three neighborhoods that meet your requirements.
- Try a search on our website and view our featured homes
- Ask for our help in evaluating the asking price of homes you like.
- Contact us for more help and personal recommendations.
Should You Get Pre-Approved?
If you are looking for a home, whether it is your first home or your tenth, you will need to deal with a home mortgage loan sooner than later. Since you have to deal with getting a mortgage anyway, it is a good idea to get pre-approved for the mortgage you need before you begin shopping for a Minot home.
One major advantage of getting pre-approved for a home mortgage loan is that it gives you a firm idea of how much you can borrow (or if you can borrow at all especially after the subprime loan crisis, it is harder to obtain a home mortgage loan now). If you know how much you can borrow and how much you have for a down payment, you can easily set a maximum price as you search for a home. You will not waste countless hours looking at homes, only to find out afterwards that you cannot afford the mortgage.
In addition, the real estate agents will be willing to spend more time assisting you in your home search if they know you are pre-approved for a mortgage loan. Sellers will also be more motivated to work with you if they know you are able to afford their asking price. Sellers will also take any offer you make more seriously if they know you are pre-approved for a mortgage. Pre-approval is a big help to the seller and the realtor, as well as the potential home buyer.
Why Do You Need A Home Inspection
Buying a home could be the largest single investment you will ever make. To minimize unpleasant surprises and unexpected difficulties, you’ll want to learn as much as you can about the newly constructed or existing house before you buy it. A home inspection may identify the need for major repairs or builder oversights, as well as the need for maintenance to keep it in good shape. After the inspection, you will know more about the house, which will allow you to make decisions with confidence.
What Is A Buyer Agency?
The agent, unless specifically disclosed otherwise, represents the seller in any transaction for the sale of a home. It is that agent's fiduciary duty (where their loyalty lies) to protect the seller's position at all times. A Buyer's Agency, however, may be an option available to you. Simply put, it allows the agent with whom you are working to be your representative and to put your interests above all others.
What Is Earnest Money?
It's a good faith deposit but not to be confused with a down payment. When buyers execute a purchase contract, the contract specifies how much money the buyer is initially putting up to secure the contract, to show "good faith," and how much money all together will be deposited as a down payment. The balance is generally financed as a mortgage or a combination of mortgages. An earnest money deposit says to the seller: "Yes, I am serious enough about buying your house that I'm willing to put my money where my mouth is."
What Are Closing Costs?
It is common for a variety of costs associated with the transaction (above and beyond the price of the property itself) to be incurred by either the buyer or the seller. These costs are typically paid at the closing, and are known as closing costs.