Frequently Asked Questions

 

FAQ’S for Buyers

 

How much will my closing costs be?

Fees vary depending on the type of property as well as what is negotiated during the sale. We will provide you with an estimated closing statement to give you an idea of what is to be paid as part of the sale. Some additional costs include:

    • Purchase taxes
    • Agency fees
    • Notary fees
    • Lender fees (depending if there is mortgage or not)

 

How much should I offer for a house?

There is no simple answer to that question, since each property stands on its own.

Some principle guidelines are: If a particular house may be overpriced; you should make an offer below the listing price, if it’s “on-the-money“; you should make an offer at or just below the listing price, and if it’s underpriced; you should grab it before someone else does!

What are the most important things to consider when buying a home?

While many important details must be considered in choosing your first home – location, style, size, price — one thing is certain: if you will be moving again in a few years, be sure you buy with selling in mind. Chances are, the items that make your new home a comfortable fit for you will also attract buyers later on.

Special considerations for the Buyer who has resale in mind:

  • Check out location. Consider what is near the property (good and bad), how it is situated and the availability of all aspects of transportation, even those you may not use.
  • Watch for growth potential. Look for an established neighborhood that will be enhanced by future growth but not inconvenienced by it.
  • Look out for resale value. Seek a prime neighborhood where homes sell well in any market. Remember, it’s smarter to buy a lesser home in the best neighborhood than a better home in a less-desired location.
  • Research area schools. Check for quality public and private schools, whether or not you have school-age children.
  • Go for the green. Look carefully at the lot for trees and greenery to buffer winter winds or summer heat. And pay attention to energy-conservation elements including appliances, doors, heating/cooling systems, etc.
  • Make room for visitors: See if ample guest parking is available for you and your neighbors.
  • Ponder privacy issues: Consider how much privacy the home and lot provide.
  • Drive the commute before you buy: Check morning and evening drive times to work, schools, shopping, churches.

 

FAQ’S for Sellers

 

 Which are the costs involved?

Fees vary depending on the type of property as well as what is negotiated during the sale. We will provide you with an estimated closing statement to give you an idea of what is to be paid as part of the sale. Some costs include:

  • Price for Atto and Ape
  • Lender fees
  • Escrow fees
  • Home inspection
  • Appraisal

 

 What are the steps involved in selling my home?

Selling your home involves many steps, from consultation to pricing, marketing to escrow.

  1. Develop a Home-Selling Plan

It’s important to set clear goals and decide at the outset how involved you want to be in the selling process. We will develop and customize a marketing plan for your home, discuss your expectations and your role in selling the home, and work together to make the sale.

  1. Make the Necessary Repairs to Your Home

Walk through your home as a prospective buyer would. Check flooring, plumbing and lighting fixtures, heating and ventilation systems, roofing, and any other major features.

  1. Make Minor Improvements

Add small cosmetic touches that might help you sell the home. You could spruce up the entryway to make it more inviting, plant flowers in the front yard, and send belongings that clutter up rooms to storage.

  1. Price Your Home

Settle on a realistic price – you want your home to sell in a timely fashion, and not make buyers speculate on why it is just sitting on the market. Check sales prices of comparable homes in your area. We offer appraisal services to assess the market value of your home.

  1. Market Your Home

We will develop and customize a marketing plan for your home to attract as many potential buyers as possible. We specialize and work within an exclusive network of foreign investors and clients to whom we reach via various international web portals, print publications and social media profiles.

  1. Close the Sale

After working through any remaining considerations, you simply need to get through all the paperwork. We will help you compile all the necessary documents, arrange to meet with the buyers, and even negotiate on your behalf in order to complete the transaction

 How are buyers attracted to my property?

We will work with you to develop and customize a marketing plan that attracts as many potential buyers as possible. Methods include:

  • Newspaper Advertising
  • Internet
  • Magazines
  • Social Media Profiles/Networks.

 

 What factors can influence the price of my home?

You want your home to sell for the highest price possible, but also in a timely fashion. Here are some factors that influence the price of your home:

  • Current real estate market conditions
  • The expertise and market knowledge of your real estate representative
  • Hard facts such lot size, square footage and condition of your home
  • Desirability factors, including location, special amenities and property attributes
  • Selling and listing price of comparable homes in the area
  • A sophisticated real estate marketing plan
  • Your level of motivation

 

 How do I negotiate?

Pricing your property with a ‘cushion’ for negotiation can be costly if it pushes the price above the fair market value range. To begin the negotiating process, you need interested Buyers. If overpriced, the number of Buyers that see the property is reduced, so the likelihood of an acceptable offer is also reduced. The best approach is to price a home just within the market value range. This allows room for negotiations, without sacrificing exposure.

 

 What is the best approach to pricing my home?

The best approach is to price a home just within the market value range. This allows room for negotiation, without sacrificing exposure. Make no mistake; we want you to get the best possible price for your property. However, when a home is priced too high for the market this may:

  • Attract lookers, not legitimate buyers
  • Imply you aren’t motivated to sell
  • Reduce the number of showings
  • Help competitive listings look better
  • Cause financing issues for the buyer if the property doesn’t appraise at the higher price
  • Ultimately force you to drop the price below market value in order to sell

 

 What is my role in the selling process?

No one has a more important role in the home selling process than you. Here are some ways your participation can contribute to a successful sale:

  • Maintain the property
  • Ensure the property is easily accessible for showings
  • Communicate – Constant communication and updates from us
  • Remove or lock up valuables
  • Secure pets
  • Limit conversations with buyers/agents about price

 

Our list of services in detail:

For further information, contact us at: info@preciousvillas.com

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