Tress Realty Group
  • Home
  • Investors
  • Homeowners
    • Selling >
      • Sale Prices
    • Buying >
      • Land
      • New Jersey 55+
  • News
  • About
  • Contact
  • Send Out Cards

3 Practical Real Estate Tips for First Time Buyers or Sellers

3/2/2017

3 Comments

 
Picture
"Everything changes and nothing stands still" that is according to the Greek philosopher, Heraclitus. This belief though still being debated in the realm of metaphysics would likely be true in the practical and observable context of the thought itself. Viewing it from a real estate perspective, change is indeed one of the many truths to be observed in the said industry.
​
The norms and other technical knowledge decades ago might have already changed and therefore its applicability might have also shifted from one point to another. That is why it would be useful if you would be updating yourself with the current trends in real estate, especially if you haven't really had a formal education about the subject matter. For thinking that you already know the ins and outs of real estate industry might lead to a lesser chance of putting yourself on a selling or buying vantage point. Now to help you clarify some real estate myths and facts, here below, as also discussed via realtybiznews, are some of the tips you might want to consider in relevance to selling or buying a real estate property, especially if it's your first time.
Not Using an Agent Saves Money
This concept is purely outdated or in fact mythical in a sense that it does not guarantee any amount to be reserved for you at all. Buyers should understand that commissions are already built into the property price. And if you will insist on buying a property without an agent, then the agent of the seller would receive the commission whole and entire instead of being split between your agent and the seller's agent. On one hand, a seller who refuses to have an agent would suffer same fate but in a different manner. For the lack of an agent would precondition a buyer's mind of a largely discounted price of the said property, which compensates the idea of not having to pay for an agent commission. You may still sell a property successfully without an agent; however, it takes a lot of skills and profound knowledge of the business.

Remodeling Rarely Pays for Itself
According realtybiznews, "a professional rehabber can make a remodel job pay for itself and even deliver a decent profit when they buy at the right price." However, other suggests the difficulty of selling a remodeled house, for the house may stay longer on the market unless price is adjusted downward. A suggestion coming from experts is to remodel the house few years before you sell it. In such a manner you may still enjoy using the remodeled house or part of it which may "compensate for not recovering the full cost at the time of sale."

The Right Open House
Open house for public may sometimes not yield in to something profitable both from a buyer and seller perspective. That is why it would be good to try an open house exclusive only for particular agents that clearly have idea of what you want or need. Thus, it would avoid wasting time talking to agents who are simply looking for other sellers or buyers in the market.

These are but the few tips that a buyer or a seller should have in mind. I might have missed something important, feel free to share and comment below.
Source: realtytoday.com
3 Comments
jen lyn link
3/31/2017 05:41:33 pm

A lot of people already asked me about this. It was nice that your taking time to share this here. I think you provided a great information. If someone ask me again in the future, I will send them your website. By the way, we also have a blog and I am the blogger at http://www.retailsolutionsadvisors.com. If you have time, feel free to visit us. Thank you!

Reply
jen lyn link
4/4/2017 01:39:14 am

Real estate is very challenging. Not everyone knows the tips you provided. It was nice that your taking time to share it here.
Btw, we also have a blog and I am the blogger at http://www.retailsolutionsadvisors.com. Hopefully, if you have time you can visit us.

Reply
jen lyn link
4/28/2017 01:59:54 am

When selling or buying a home, its very important to read tips.
This information is really helpful and highly recommended to read.
Btw, I also blog at http://www.retailsolutionsadvisors.com.

Reply



Leave a Reply.


    Picture

    Tress Realty

    Tress Realty Group compiles some of the best real estate news, tips, and information for buyers, sellers and investors.

    Get started with your home search at www.TressHomes.com.

    Archives

    April 2020
    January 2019
    October 2018
    July 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    June 2013

    Categories

    All
    Chatham
    East-brunswick
    Fair Haven
    Glen Ridge
    Hoboken
    Home Sales
    Maplewood
    Millburn
    Montclair
    Ridgewood
    South Orange
    Summit
    Tress Homes

    RSS Feed

Home

Website disclaimer and copyright

​
Use of the information and data contained within this site or these pages is at your sole risk. If you rely on the information on this site you are responsible for ensuring by independent verification its accuracy, currency or completeness.  It is provided “as is” without express or implied warranty. 

Some properties which appear on this web-site may no longer be available because they are under contract, have been sold or are no longer being offered for sale.  Images uses for navigation may be for properties in different towns, and are not intended to be considered anything other than representative of the types of houses that may be found in a particular municipality.  All data and/or search facilities on this site are for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing.

Tress Realty Group cannot guarantee the accuracy of the IDX/MLS data created by outside parties. Tress Realty Group further assumes no responsibility for any misleading content or incorrectly listed information due to such negligence. All ancillary information presented on this web-site is not guaranteed and should be independently verified by the users of this site. Tress Realty Group makes no warranty, either expressed or implied, as to the accuracy of the data contained within or obtained from this web-site.

Tress Realty Group accepts no liability for any interference with or damage to a user’s computer, software or data occurring in connection with or relating to this Site or its use or any website linked to this site.  Further, Tress Realty Group has provided Hypertext links to a number of sites as a service only. This should NOT be taken as implying any link between us and those various organizations or individuals.

Disclaimer: this website may be supported by ads and participation in affiliate programs. We may earn a commission when you click our links. The information included in this post is for informational purposes only and should not be taken as legal or financial advice.

Site copyrighted by Tress Realty Group LLC  © 2016-2022, all rights reserved.
  • Home
  • Investors
  • Homeowners
    • Selling >
      • Sale Prices
    • Buying >
      • Land
      • New Jersey 55+
  • News
  • About
  • Contact
  • Send Out Cards