Frequently Asked Questions
EXPERIENCE
My methods
Question:
I'm currently renting out my home, is it possible to put it in the market?
Answer:
Yes, you will need notify your tenants (through your property manager if any) your intent first. Also discuss showing rules and what they can expect. The leasing contract is between you and your tenants. You must abide by it before you sign a listing contract with your real estate agent.
Keep in mind, making your property marketable and accommodating potential buyers’ showing requests requires your tenant’s cooperation. Also, if your tenant needs to stay after the ownership change, you need to look for an investor/buyer who is willing to take over. This will make your buyer pool much smaller and your property difficult to sell.
Question:
My property is currently occupied, is it still possible to sell?
Answer:
Yes, however, it normally takes more time to sell if your property is competing with vacant one. For example, occupied properties cannot accommodate the same flexibility in time to prospective buyers. Also, occupied properties normally won’t show the same “freshness,” as a vacant model-room-like unit. Proper marketing, de-cluttering and de-personalizing will help to move your property.
Question:
What cost can I expect when I sell my property?
Answer:
Seven to eight percent of the total sold price should cover most of your expenses, including real estate brokerage compensation and all other necessary expenses for transferring title. Note: Most costs are handled through the escrow company.
Question:
Are all co-owners have to be available (in person) to sell a property?
Answer:
No, however, all owners have to be in agreement to sell the property. In most instances, power-of-attorney can be utilized if co-owners are not available to sign documents.
Question:
Are there any upfront cost to sell a property?
Answer:
If the property is in ready-to-sell condition, there are no upfront costs. Once you begin the transaction with a buyer, there may be costs associated with providing the buyer with disclosure documents. And there will be an expense, if you agree to the buyer’s repair requests
