Realtor in Wisconsin – A Few Benefits of Using a Professional When Selling Real Estate in Wisconsin

Are You Selling a Home?

If you’re looking to sell real estate in Wisconsin, you would be better off if you look for a Realtor to help you list your property and sell it in the market. The state has several real estate trade associations and one of them is the Wisconsin Realtors Association (WRA).

The WRA is a 14,000-strong member association which not only has real estate agents but also professionals that are often involved in the sale of real estate property namely: appraisers, inspectors, attorneys, loan officers, and legislators. Due to this association your agent can refer you to reliable,trustworthy service providers in the state.

This will make it easier for you to compare and contrast different agents‘ services. Since the WRA also represents approximately three million people in the state, you can be sure that the WRA can protect its members interests through legislation.

Also consider this fact, home owners in the state who enlist the aid of a Realtor are able to sell their homes at a 32% premium over the FSBO (for sale by owner) method.

More often than not FSBO transactions are typically smaller because houses are sold by the buyers who are unskilled in real estate transactions and do not know how to fetch a higher price.

Also, Realtors in Wisconsin have current market data and know the landscape of both the sellers and buyers. More often than not they have a good sense of market timing, they know when you should sell or if you could fetch for a higher price later on.

This is very important in the urban suburbs around Milwaukee and Madison where home values and neighborhood conditions can change drastically in just a few blocks. Most for sale by owner seller have no idea of this price fluctuation and often times get the sale price very very wrong.

This is something that does not happen with a state licensed agent because the faster and the higher your Realtor is able to sell your property, the higher his or her commission is. Both of you win.

Knowing the values and fluctuations of the states large metro areas is also very important when you are going to buy a new home.

You can use your same real estate professional to help you find anew home. Often times you can negotiate a lower fee for the sale of your home if you use the same agent to assist you with the purchase of a new home.

Furthermore, you can be sure that your Realtor is not just an average Joe who can broker the sale of houses. In the state of Wisconsin, Realtors have very strict education and training requirements and are monitored for ethics and integrity

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FSBO – How to Prepare Your House to Sell

Did you hear that? Prices of houses in Phoenix have been jumping 5% each month for 2005 according to market experts! Some even predict that the price of housing could jump an additional 10% for the upcoming year. The shortage of houses for sales and the still relatively low interest prices are causing the price of homes not just here in Phoenix but nationwide to escalate. What does this mean? If you are thinking about selling your home, there is no better time than the present. Jump on the bandwagon!

Okay, great, you say. I’ll buy a for-sale-by-owner sign, set it out in the front yard, host an open-house this weekend. I should have my house sold by the end of next week! Well, two months later, that for-sale-by-owner sign is still in the front and you don’t have a buyer. Do not think that just because there is a shortage of houses for sale, selling a house is a piece of cake. It may not as easy as you think. Instead of using a Realtor, you are determined to sell the house yourself. That’s fine and it’s possible. People do it all the time; however, what are some tips to help you prepare your house to sell. I have done the research and found four minimal-cost tips in preparing your sell:

1. Clean-up. The first impression is always the lasting one. You want potential buyers to be impressed the moment that they spot your house from the street. Everything from the yard, to the windows, to every room inside should be squeaky clean. And if you have a collection of, well, several collections of…stuff, it’s distracting to the buyer and really takes away the beauty of your home. If you can’t part with those items, pack them away in boxes. A potential buyer won’t be offended by a few packed boxes in the house. They most likely are expecting you to be preparing to move anyway.

2. Deodorize. This goes hand-in-hand with cleaning your house and removing the clutter. If your house smells, it won’t sell. If the house has been vacant for a while, there is nothing more offensive to a potential buyer than the smell of mildew. Please take care of the mildew before showing the house. And you petowners, understand that your precious little pets that you keep indoors are not odor-less. You just have become accustomed to the smell. A potential buyer will pick up the pet order immediately. The same is true for cigarettes.

3. Re-paint the house. Okay, you may have enjoyed a blue kitchen, an orange living room, and a red bathroom. But your potential buyer may not be as cutting-edge. Experts agree that neutral colors are best in showcasing your house. Also take a second look at the decorations on the wall. Remove anything that could be offensive to your potential buyer.

4. Embrace the sun. I don’t particularly care for the Phoenix heat, but I love the sun. It symbolizes laughter, happiness, brightness, things that are upbeat and positive. Open the blinds and curtain in your house and let the sunshine in!

Remember, you want to impress the potential buyer. By following these four simple tips, you can be a step-ahead of the game in reducing the time it takes to sell your house. However, if you don’t have the time it requires to sell the house yourself and don’t want the expensive of hiring a Realtor, please visit my website to read the free report, Sell Your House in Seven (7) Days at [http://www.adpropertyconsultants.com].

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Save Money Selling For Sale By Owner

The cost of selling a house can be prohibitive, and many homeowners choose to go through the FSBO or For Sale by Owner route. Learn what the advantages are of selling a house privately and how you can get started.

Real Estate Agents Does What?

A real estate agent is a person that helps homeowners go through the entire sales process of buying or selling a home. A good real estate agent can help put you in touch with an entire network of people that can help you sell your home, everyone from contractors to real estate lawyers. The agent does not sell the house for you, so much, as they help you during the sale from advice to contracts, and everything in between.

There is nothing saying legally that you have to use an agent during the sales process. If you are so inclined you can do all of the research to sell your home and take care of the process yourself.

How much money can you save?

A real estate agent’s commission is usually around 5 to 7 percent from the purchase price of the home, but it varies among local markets and is quite negotiable. The percentage seems paltry, but compare it to the purchase price of a house. For example, if you receive $150,000 for your house using a real estate agent, then even with a 5 percent commission, the agent will receive $7500. This commission only increases with the increased sales price of the home. Thus, there is the potential of saving thousands, even tens of thousands of dollars, depending upon how much your home is sold for.

Other Reasons To Sell With A FSBO Process

Some homeowners like the control of knowing that every part of the sale process is within their hands. There is a lurking fear among some homeowners who believe that even though the real estate agent is receiving a commission, the agent is not properly engaged in the sale of their home. Perhaps an agent has too many properties to give proper assistance, or too little experience. Sometimes homeowners believe that an agent will give more time and effort for greater commissions leaving smaller, less valuable houses to collect dust.

Is it right for you?

It is very important to figure out if the FSBO route is the right one for you. No matter why you are thinking of selling a house without a Realtor you have to take into account that it is going to take a lot more of your time and energy then if you had sold the traditional way. You will be doing something that other people have made an entire career out of so you have to be ready for a lot of work. The big reason you sell this way is because if done correctly you can potentially save yourself a lot of money in the process. You will be making the listing by yourself, doing all of the market research, scheduling and meeting the people for the showings, plus making all phone calls to complete the sale process. Even if your state doesn’t require a real estate agent you will have to get a real estate attorney involved to handle the legal part of the sale.

Moreover, though everyone wants a quick home sale, the FSBO route traditionally takes more time for the sale and the houses that sell this way are in excellent condition. If your home is heavily damaged or you need to sell your home quickly, consider contacting a real estate investor directly to see what they can offer before addressing a real estate agent.

Resources

With the advent of the internet, there has never been an easier time to sell your home by yourself. FSBO sites are good places to look for advice as well as a place to list your home. You can also use the same listing service that real estate agents use by paying a small fee to list on the MLS.

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Verwalter: Person, Vertrag, Aufgaben, Amtsbeendigung
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Die kaufmännische Verwaltung der Gemeinschaft
Dienst- und Arbeitsrecht für Verwalter: u. a. Abrechnung geringfügig Beschäftigter, Steuerung von Dienstleistern
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How Does MLS Work? What You Need to Know

How Does Flat Fee MLS Work?

Introduction

When you are ready to sell real estate you have options, I know many of you think you have to list with a broker and pay outrageous commissions. That is not true. You can sell by owner or you can sell by owner and take advantage of Multiple listing services as well.

Let me compare the two services for you, then you decide.

What do brokers do for 6%?

They do a number of services. The most common of these is:

1. List your property on the local Multiple Listing Service

2. Review and/or write your purchase agreement.

3. Act as a transaction coordinator who follows your contract through to closing.

4. They usually set showings.

5. They will give you a sign with their number on it

6. They usually provide a lockbox

7. Most will prepare flyers, with their contact information on it.

On a $200,000 dollar property you commission would be $12,000 or more.

What do flat fee brokers do?

1. List your property on the local Multiple Listing Service for a Flat Fee, usually around $200.00 Some services charge considerably more than that. Do some research to find the best service and the best price.

2. Review and/or write your purchase agreement. This is a separate fee, usually around $279.00.

3. Act as a transaction coordinator who follows your contract through to closing. A separate fee, usually around $379.00

4. You set the showings around what is convenient for you and the buyer.

5. You have your own sign with your phone number as contact.

6.You have a key box, and you control who has access to it.

7. You create your own flyers with your contact number or you can get free flyers from a local title company or a lender.

The great thing about the flat fee service is you can pick and choose the services you want and pay only for those you need.

What will you do with all the money you save?

If you bought all the separate services, your cost would be less than $1,000. If sold by a MLS broker and you paid a coop fee, you would still save between $5,000 and $6,000 thousand dollars. Since you can still sell by owner, if you were able to find your own buyer, you would pay no coop fee. This would not be an option with the 6% listing. You could save more than $11,000 dollars. Not bad.

Benefits of using Flat Fee MLS:

1. You save time – properties usually sell faster

2. You save money – properties usually sell for top dollar

3. You maintain control – Brokers have a lot of control with 6% listings

4. You can sell by owner and owe no commission – No so with full service listings.

5. You can cancel at any time – May or may not be true with full service listings

6. You get far greater exposure to qualified buyers

7. You get thousands of Brokers with qualified buyers to help sell your house 8. You most likely will get listed on Realtor.com as well as the local MLS

What to look for in your Flat Fee broker

All flat fee brokerages are not alike and there are many scams. Some call their service MLS when in fact they are not even members of the MLS. They may not be licensed real estate agents. They take your money and put you on their web site but not on the Realtor’s MLS.

So do some investigating. Find out:

1. Do the have experience with for sale by owners?

2. Are they members of your local MLS?

3. Are they licensed Brokers in your state?

4. Do they maintain an office locally? And do they have a local phone and address?

5. Are they easily accessible by phone, fax, email and mail?

6. Avoid large franchise companies and Multilevel Marketing scams

Things you need to do as a FSBO:

1. Detach from the property.

2. Clean house and garage.

3. Learn how to stage the property

4. Research other properties in your neighborhood so you can price it right.

5. Put away all valuables while you’re on the market

6. Get flyers for your buyers

Summary

So why wouldn’t you do Flat Fee MLS instead of full service 6% commission? There are lots of reasons people choose to go with a higher commission and I respect their choice.

I think you’d be wise to look into Flat Fee MLS services in your area first and then compare the two and make an informed decision.

Copyright © Wee Dilts 2010

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