DON’T D.I.Y.(do it yourself)

Realtor.com has an ad on the radio saying DON’T D.I.Y. in your real estate transactions. It is a very catchy ad with a lot of substance. It makes a lot of sense and should be elaborated. We all know that internet has brought about a radical change in all aspects of our life. Real Estate has also been impacted by technology. There is so much information on the web that the real estate consumer is very knowledgeable which has lead to the belief that Realtors are not necessary for a real estate transaction.

Statistics prove otherwise.According to the  National Association Of Realtors report 87% of buyers purchased their homes thru Real estate agents or brokers. Only 8% recent Home sales were FSBO (for sale by owner)sales.

Before doing a FSBO take these factors into account.Homes-For-Sale

What Factors are Involved

Understanding the details of paper work is crucial to succeeding. 19% of FSBOs were faced with problems of putting together the terms of the sales and having an in-depth knowledge of the legal requirements involved in the sales of a home.

Over 14% of FSBO sold their homes based on emotions instead of the prevailing market price. It is a rare instance for the owner of the home to have access to reliable data with to compare prices in the area. The internet is a great source but the Realtor is in the day to day market and has more current knowledge of the market. Usually a homeowner tends to overprice their home  and it stays longer on the market.Then they under sell it in desperation.

There are things that must be put in place to make a property worth its full potential. 15% of FSBO lacks this knowledge, hence they invest in the wrong areas.

Connection is key, it is important to get financing and connect buyers to sellers. Realtors can leverage on this because they have the connection but owners cannot. Realtors have a pool of ready buyers which may not be available to FSBOS.

The marketing skills required to make a sale can only be found with realtors. The internet is the best tool for FSBO, but the realtors has a variety of tools.

Selling through the FSBO route is risky because it takes longer to sell through that route. There are serious commitments that need to be made when selling a property like paying attention to every details. This can be a burden especially if you have not sold a property before.

Less than 3% of FSBOs were faced with smaller issues like negotiating, settling property inspectors and other miscellaneous issues needed to seal the deal. Although not every FSBOs have challenges with selling their homes, over 25% of FSBOs did not know the buyers report to have a smooth property sale.

Realtors and Technology go hand in hand and can be combined to get the maximum rewards in your real estate transaction.

 

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Home Makeovers for Spring

Spring is perfect time to focus on home-improvements. Windows are one of the most important home improvements. They not only add to the property value and aesthetics but also help in energy savings. While considering windows, screens are often overlooked as homeowners don’t consider them important. This is important information about Window Screens.

Brought to you by Andersen Windows

Window screens, the window’s “wingman,” bring in light and air while keeping out insects and small animals when you want a breath of fresh air. Here are the answers to 5 most commonly asked questions about window screens:

1. Why do I need window screens?
Window screens help let fresh air into a home without letting insects, small pests, or other unwanted visitors into the home at the same time. Not every country has window screens – they are most commonly found on homes in the United States, Canada, and Australia.

2. What do I need to consider when looking for new window screens? Frame? Hardware? Mesh material? Mesh size?
Most screens are made from either a wood or metal frame. They typically are made by window manufacturers and are designed to blend in with the overall look of your windows.

The most common materials used to make the screen mesh are aluminum and fiberglass, but bronze mesh is another premium option that is growing popular. Nylon and polyester screening is typically used on screen doors. At Andersen Windows, we offer TruScene, an insect screen made from micro-fine stainless steel mesh that’s one-third the diameter of conventional insect screen wire – it’s practically invisible.

3. How do I buy the right insect screen?
It varies from window to window, but there are some basic tips in the below video that cover much of what you need to know in order to ensure you find the right screen for your window.

4. How often do I need to replace window screens?
That depends on a number of variables – you might want to replace your screen if there was a recent severe weather event that left small dents in the screen mesh or you notice the mesh fraying near the spline. If you are replacing the window, it always makes sense to replace the screen at the same time.

5. Should I repair or replace?
The primary rule comes down to cost. For the materials and time required to repair the window screen, would it be more effective to order a replacement instead? If the price to repair is coming close to what a replacement would cost, then replace the old screen.