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Preferred Properties of Texas

The Preferred way to buy & sell real estate for you

Preparing Your Home To Sell

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Are you ready to sell your home? To make your home more appealing to potential buyers, you’ll need to first do some things.

There is no way to predict how quickly your home will sell or how much it will fetch. You can increase your chances that everything will go smoothly, quickly and profitably by taking certain steps.

You can trust a professional real estate agent to guide you through the steps to prepare your home for sale. The sooner you get started, the better. You can also speed up the process by starting the process on your own. These are the top things you can do for your home to be ready to sell.

Before they can be put on the market, some homes will require more work than others. However, there are some things that homeowners need to remember when preparing for a sale. These are the most important.

Buyers should be able to envision themselves living there. This can be difficult if your stuff is everywhere. While you don’t have to empty the entire house, it is a good idea to go through each room and get rid of any clutter.

Keep a small box with everyday items that you will need to access while you house is up for sale. You can store items in a box so they are out of your way and not have to go into storage.

The exterior of your home is what buyers first see. It should be beautiful. Get out your mowing axes and start trimming bushes and grass. It’s a great time to clean your siding, the outside of your windows, and other less obvious features such as your front door and garage door.

A home that is clean and tidy will be more attractive to potential buyers. This shows buyers that you value the property and have taken care of it. Make sure to clean every room, as well as all the major features (walls, floors, appliances, fixtures). You can also tackle the little things that might be overlooked but are important to potential buyers, such as chipped paint and scuff marks.

Are you constantly running the toilet? Are the hinges of your kitchen cabinet falling off? These small issues can turn off buyers so make sure to address them before you sell. For larger repairs, consult your agent to determine if it is worth the effort to fix them now or waiting until after you have accepted an offer.

One final tip to make your home sale efficient: try to list in the spring , as that’s when there is the most demand. To maximize your listing and approach, you should keep up-to-date with market updates.

 

Original Blog: https://www.landhub.com/land-news/how-to-prepare-your-home-to-sell/

A REALTOR(r), Can Help You Find Your Dream Home

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Your REALTOR(r), and you can be a great team. But your REALTOR(r) can’t read your mind. Help your REALTOR(r) find the best options for you by sharing what you want and offer feedback.

Talk to your trusted realty professional about what you consider essential, desirable, and unacceptable features. Your REALTOR(r), can help you find homes that have the features that are important to you. Your REALTOR(r), together, can discuss how to achieve your goals. Your REALTOR(r), if privacy is important, could search larger lots, properties close to undeveloped land, homes with tall fences, or fewer neighbors. Your REALTOR(r), if you are looking for homes that can be remodeled or expanded, may be able to help you.

Your REALTOR(r), an expert on the local realty market, can help you find options within your price range. Your REALTOR(r), may be able to provide information about assistance programs that might help you.

This is why you hired a REALTOR(r). Ask your REALTOR(r), about any aspect of the home search or purchase you aren’t sure of. Remember that your REALTOR(r), who is bound by a Code of Ethics, may not be able answer certain questions. This includes questions that require opinions, legal issues, or that are outside of the realm of expertise of your REALTOR. Your REALTOR(r), in these cases, can often recommend impartial sources that you may be able to explore.

You have a professional working for you, a REALTOR(r) who will help you to succeed in your transaction. Your vision and the expertise of your REALTOR(r), will help you find the home that you love for many years.

 

Original Blog: https://www.texasrealestate.com/members/posts/let-a-realtor-help-find-your-dream-home/

How Do Buyer & Seller’s Agents Compare?

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We don’t always focus on the difference between a seller’s and buyer’s agent. But understanding these differences is crucial when choosing who to work with. It can be confusing to understand the terminology. 

Because they assist buyers in finding properties, a buyer’s agent can also be called a seller agent. A listing agent refers to a seller’s agent. 

We’ll refer to them as a buyer’s and seller’s agents for the purposes of comparing them. A buyer’s representative represents buyers and a seller’s agent represents sellers.

You should weigh whether you need an agent when selling your home. While you can do the job as the owner, you may not be as successful if you are not a skilled marketer or negotiator. An agent can make it even more valuable to you as a buyer. Agents for sellers may not accept buyers’ offers.

The following differences exist between the two, beyond the terminology.

If you are selling your home, and you have hired an agent to represent you, then you will usually get an exclusive representation listing. This is an agreement between the agent and you, the seller. Once you have signed this agreement, the only person entitled to a commission for your home’s sale is the listing agent. The brokerage that the seller’s agent works at receives a commission, and the agent gets a portion.

If a buyer’s agent works with the seller’s broker and their client is able to purchase a home, they are compensated.

A buyer’s agent and a seller’s agent have two primary differences. When a buyer decides to buy a home, their agent wants to ensure that they get the best price and deal possible. The agent representing the seller wants to ensure that their client receives the best price for their home.

Sometimes, the seller’s agent may also represent the buyer in certain cases. However, this is not legal in all states.

Agents can work with buyers and sellers, but there is no reason why they shouldn’t. Many agents do this. Some agents prefer to deal with one side of a transaction, so they might specialize.

The responsibilities of a seller’s agent can include:

* A seller’s representative will visit a property to do an initial walkthrough. They might offer tips to help the seller make their home more attractive to potential buyers.
* Seller’s agents are responsible for marketing. This can include professional photography.
* The seller’s agent works with the homeowner to determine the right price for their property. The goal is to achieve a fair balance between selling the property quickly and getting the highest price.
* Additional services offered by seller’s agents include hosting open houses and tours, helping with closing, and negotiating with buyers’ agents regarding inspections and other issues.

The responsibilities of a buyer’s agent include:

* Assisting buyers in the preapproval process for a mortgage loan.
* Identifying properties that meet their client’s criteria.
* We can arrange appointments for buyers to view potential properties.
* Helping buyers to understand the value of a house as they make an offer.
* Coordinating communication between the title officer, seller, buyer and mortgage lender.
* Assistance with closing.

Although their roles may be different, buyers’ agents and sellers’ agents have the same goals. They are determined to represent their clients as best they can and to negotiate successful closings.

 

Original Blog:  https://realtytimes.com/archives/item/1039840-buyer-vs-seller-s-agent-how-do-they-compare?rtmpage=

What You Should Know About Texas Property Inspections

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Buyers may feel tempted to skip an inspection in a seller’s market or to hire an inspector to walk through their dream home and point out any problems.

Sellers might believe that a similar inspection will help them stand out in a buyer’s marketplace. They should disclose all information upfront so buyers know what to expect.

Consumers should be cautious when hiring inspectors that offer walkthroughs or abbreviated inspections. Inspectors must follow TREC’s Real Estate Inspector Standards of Practice and provide their findings to the client via the mandatory inspection form. These requirements are intended to give information to the consumer about the general condition of a home and to highlight any safety issues. These requirements are not followed in walkthrough inspections. In Texas, the Texas Real Estate Commission can discipline inspectors for performing walkthrough inspections.

These walkthroughs may not be acceptable inspection reports to settle disputes with home warranty companies, provide to certain lenders, and don’t show the whole picture of the property’s potential problems the same way as a standard inspection.

TREC rules require home inspectors who are licensed to conduct inspections in Texas to adhere to the Real Estate Inspector Standards of Practice. These SOPs outline the minimum requirements to perform a real estate inspection for a potential buyer or seller of a one-to four-family dwelling or most residential properties. Texas requires that all inspector license holders must provide Texas clients with a completed Property Inspector Report Form (REI7-6) initial. This report is independent of any other reports the inspector may provide.

These standards are in effect when a licensed professional inspector or real-estate inspector accepts work to inspect a property for a potential buyer or seller.

To narrow down your search for inspectors, use TREC’s License Holder Search. It is also possible to check if an inspector has a history of disciplinary violations and view recent educational courses.

 

Original Blog: https://www.trec.texas.gov/article/what-consumers-should-know-about-texas-property-inspections

How Do Buyer Vs Seller’s Agent Compare?

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We don’t always focus on the difference between a seller’s and buyer’s agent. But understanding these differences is crucial when choosing someone to work for you. It can be confusing to understand the terminology.

Because they assist buyers in finding properties, a buyer’s agent can also be called a seller agent. A listing agent refers to a seller’s agent.

We’ll refer to them as a buyer’s and seller’s agents for the purposes of comparing them. A buyer’s representative represents buyers and a seller’s agent represents sellers.

You should weigh whether you need an agent when selling your home. While you can do the job as an owner, you may not be as successful if you are not a skilled marketer or negotiator. An agent can make it even more valuable to you as a buyer. Agents for sellers may not accept buyers’ offers.

If you are selling your home, and you have hired an agent to represent you, then you will usually get an exclusive representation listing. This is an agreement between the agent and you, the seller. Once you have signed this agreement, the only person entitled to a commission for your home’s sale is the listing agent. The brokerage that the seller’s agent works at receives a commission, and the agent gets a portion.

If a buyer’s agent works with the seller’s broker and their client is able to purchase a home, they are compensated.

A buyer’s agent and a seller’s agent have two primary differences. When a buyer decides to buy a home, their agent wants to ensure that they get the best price and deal possible. The agent representing the seller wants to ensure that their client receives the best price for their home.

Sometimes, the seller’s agent may also represent the buyer in certain cases. However, this is not legal in all states.

Agents can work with buyers and sellers, but there is no reason why they shouldn’t. Many agents do this. Some agents prefer to deal with one side of a transaction, so they might specialize.

A seller’s agent will visit a property to do an initial walkthrough. They might offer tips to help the seller make their home more attractive to potential buyers.
Seller’s agents are responsible for marketing. This can include professional photography.
The seller’s agent works with the homeowner to determine the right price for their property. The goal is to achieve a fair balance between selling the property quickly and getting the highest price.
Additional services offered by seller’s agents include hosting open houses and tours, helping with closing, as well as negotiating with buyers’ agents regarding inspections and other issues.

Buyer’s agent help assist buyers in the preapproval process for a mortgage loan.
Buyer’s agent help identify properties that meet their client’s criteria.
Buyer’s agent also arrange appointments for buyers to view potential properties.
Buyer’s agent help buyers to understand the value of a house as they make an offer.
Buyer’s agent help coordinate communication between the title officer, seller, buyer and mortgage lender and assistance with closing.

Although their roles may be different, buyers’ agents and sellers’ agents have the same goals. They are determined to represent their clients as best they can and to negotiate lucrative deals that close.

Original Blog: https://realtytimes.com/archives/item/1039840-buyer-vs-seller-s-agent-how-do-they-compare?rtmpage=

Difference Between A Real Estate Broker, Agent & Realtor

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It is a huge financial investment to buy or sell a house. Having the right real estate professional can make all the difference. It can help you to choose the right real estate professional for you, regardless of whether you are looking to sell or buy.

Brokers and real estate agents share many similarities. Both can help you sell or buy property. Pre-licensing training is required and you must pass a written licensing exam. Additional education is required for brokers to become licensed real estate agents . Brokers must also pass a broker license exam.

Agents are licensed salespeople who assist clients in buying or selling homes. Agents are considered independent contractors but must be licensed and work under the supervision of a real estate broker. They are usually compensated via commissions that are shared with the broker.

Real estate agents have to take classes and pass the licensing exam in their state before they can begin working. Agents must practice with or start working alongside someone who has a broker’s license when they first obtain their license. There are two types of real-estate agents: listing agents and buyer’s agents.

People who are looking to buy a home can use a buyer’s agent. It involves helping buyers to find homes in their local area, taking them on tours of the house and helping them to prepare submit offers to buy a home .

Listing agents are also known as sellers agents. They help people sell their homes. The agent will price the property appropriately to the market, list it on the local MLS, a directory of homes for sale, market it to potential buyers, and even stage the house for open houses .

Agents are real estate brokers who manage and own real estate brokerages. These companies work together with a Title Company and other entities to facilitate real estate transactions, and manage real estate agents. Many brokers also have licenses as agents.

Real estate brokers, like real estate agents must pass an exam and take classes to obtain a license. The broker exam is typically more difficult than that for agents, and requires additional coursework. There are several types of real-estate brokers.

Broker associates, licensed brokers, are real estate agents who have been trained and licensed to broker real estate transactions. Brokering their own transactions is often the first step real estate agents take to improve their career.

Designated brokers are usually managers or owners of real estate companies and can hire agents to help clients buy and sell property and resolve client problems. They can also offer training materials that will help their agents improve their skills and make more sales.

Although the responsibilities of brokers-of-record can vary from one state to the next, they typically oversee activities by agents and employees of the firm. This includes ensuring that all employees adhere to real estate law, maintaining accurate records, managing trust accounts and escrow accounts and reviewing paperwork before distributing commissions.

As brokers of record, managing brokers oversee the day to day operations of a realty firm. They are often responsible for training and mentoring agents, as well as overseeing the listing and marketing of homes. The firm must also ensure that all client transactions and interactions are documented.

Realtor is a trademarked name for real estate brokers or agents who are members of NAR, an industry trade association. While all Realtors are brokers or agents, not all brokers or agents are Realtors.

Realtors are required to adhere to the NAR code of ethics as members of the trade group. Brokers and agents who work outside NAR’s code of ethics are not considered unethical. However, every broker and agent licensed must follow state standards.

There are many professional services that a realtor, real estate agent, and broker can provide. It all depends on what you want and how much experience you have. A real estate agent, broker associate, or broker will be your best friend if you are buying or selling a house.

However, don’t assume that you have experience. While some agents may have many years of experience, others might not be ready to become brokers. Some brokers may only have a few years of experience. To gauge the track record of past clients, testimonials can be useful when deciding on a broker to work with. It all boils down to who you are most comfortable working with.

 

Original Blog: https://www.bankrate.com/real-estate/real-estate-broker-vs-agent/

Preferred Properties of Texas

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