Long Island Real Estate Agents – Suffolk & Nassau County

Buyers Guide & FAQs - Long Island Real Estate Agents

Sellers Guide & FAQs

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This guide will provide helpful information and introduce you to some Real Estate lingo to better prepare you for when you’re ready to List your Home!

If you are working on a timeline like a simultaneous house sale and purchase, moving for work, or want to get settled before the new school year, you have a timeline we will help you with. But, if you have the luxury of choosing when to sell, there are a few considerations. Spring is traditionally a time when there are more buyers looking, but you may also have more competition. Fall, and closer to the holidays, is a good time to get a higher price from buyers that need to move before the new year. Watching the market is always smart. A seller’s market, meaning there are more buyers than sellers, is always a good time to list.

Determining your home’s market value is one very important reason to use a real estate agent. We will do a comparative market analysis (CMA) to help you set the correct listing price. We use our databases, exclusive to Licensee’s only, to see recent sales of comparable homes, similar homes that are under contract, and homes that are listed in the same price range of your home. We will then compare features of the homes including the size, style, number of rooms, age of the home, amenities, condition, lot size and placement, and the location or neighborhood. (Note: the tax appraiser’s assessed value of your home has nothing to do with the market price.)

We don’t recommend either route. You will often hear us say, you get what you pay for and both methods, generally, won’t provide you with the most money for your home.

The perception of FSBO or Flat Fee Listings is that they are not serious about selling their properties. Often, the thoughts are FSBO sellers are just testing the market or may not be realistic. Less buyers are apt to look for a FSBO home because they feel that the Seller may not be serious enough to market their home with a Real Estate Agent.

Buyers also know that when a home is sold FSBO or on a flat fee service, that the seller is paying little or no commissions, so they will offer less. Consider that when you sell your home by yourself, you will have to be present for all showings, and you won’t have someone to advocate for you through all the steps of the contract and closing process. If something goes wrong, you’ll want us in your corner to prevent problems or save the deal, so you don’t have to start over.

Sellers Guide - image  on https://www.propertiesbyknj.com
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