Assist2Sell

Be sure to check out our newly updated list of bank-owned and foreclosed homes throughout Ocean and Monmouth counties! The list is finally starting to thin out, so if you're looking for a deal, click here and take a look before it's too late!!!

Michael Sinton, CRB, CRS, e-Pro
Broker/Salesperson

For more information, contact Michael Sinton, CRB, CRS, e-Pro, Broker/Salesperson, Assist-2-Sell, America's leading discount real estate company, directly at 732-364-7434, via email at msinton@assist2sell.com or on the web at www.WeSellCentralNJ.com.

Whether up or down, fast or slow, there are "tricks" you can use to make a home sell in any type of market. Following these actions should help produce results, particularly in down or slow conditions.

First, make your home a "best buy" by having your real estate representative perform a thorough analysis of listings and recent sales in your neighborhood. Position your home right in the middle of an attractive price range (buyers look in broad ranges, so be sure you are noticed).

Before your final pricing decision, determine the level of pressure you're under to sell within a given time frame. Must sell in six weeks? Then adjust your price about ten percent lower than the comparables.

Generating interest but no offers yet? Continue reducing your price until you've reached your deadline, or get creative with seller financing. If you can accept monthly payments, you'll increase the pool of prospective buyers.

Offer your home in exceptional condition, and have detailed information available to buyers, who won't respect vague answers to questions of utility costs, tax bills, etc. You DON'T have to be specific, however, when asked why you're selling. "I have an excellent opportunity elsewhere" will suffice.

Finally, when that first offer comes, do everything possible to accept it. Holding out for a better offer may backfire, so be prepared to say, "Yes!"

Michael Sinton, CRB, e-Pro
Broker-Salesperson

For more information, contact Michael Sinton, CRB, Broker-Salesperson, Assist-2-Sell Realty Brokerage Group, America's leading discount real estate company, directly at 732-364-7434, via email at MSinton@Assist2Sell.com or on the web at http://www.WeSellCentralNJ.com.

There are some desperate sellers out there, but perhaps none so desperate as banks. That's right - banks that own foreclosed properties are anxious to get them off their hands. After all, their business is lending, not property management.

If you are pondering the purchase of such an "REO," or Real Estate Owned property, how do you find one, and then determine if it's the right buy for you? Banks work almost exclusively with real estate professionals, so your best bet is to begin your search at your trusted local agent's office.

Chances are the broker will have a list of REOs to suit your needs and budget. While banks don't usually price these properties much above what they're willing to finally accept, lower offers on these listings stand an excellent chance for consideration.

Look for houses that have been listed for more than 90 days, and offer somewhere between ten to twenty percent below the asking price. However, do be aware of potential hidden costs associated with foreclosed properties.

Owners who vacate a foreclosed home may have left plenty behind in need of repair. Be sure to perform a thorough inspection - with electrical and gas systems operating - and ask your real estate representative to factor repair costs into your offer. If you're smart, it's a real buyer's market, but only if you buy!

Michael Sinton, CRB, e-Pro
Broker-Salesperson

For more information, contact Michael Sinton, CRB, Broker-Salesperson, Assist-2-Sell Realty Brokerage Group, America's leading discount real estate company, directly at 732-364-7434, via email at MSinton@Assist2Sell.com or on the web at http://www.WeSellCentralNJ.com.