Experience suggests these are important factors to consider
Unique
- Real Estate is local and everyone’s situation is “similar” yet unique.
- Real Estate provides shelter, lifestyle, pride and a pathway to wealth.
- For most people our home is our sanctuary for our family.
- Real estate is about property, people and financing.
- “Too much” information available confuses many first time buyers.
- “Location, Location, Location” is important.
- The Taxpayer’s Relief Act of 1997 currently offers one of the best wealth building strategies available to the average homeowner.
Timing
- Timing, Condition, Price, Terms and Financing is also important”.
- FSBO property is usually overpriced, unless it sells within the first two weeks.
- Real Estate has normal business cycles where prices can and will fluctuate.
- It is difficult for many people to negotiate unemotionally.
- A paradox: When buying a home, be very patient looking for the right opportunity; when you find it move on it quickly.
Pricing
- Sellers reduce stress and maximize returns by pricing their home correctly.
- Most, but not all, new listings are overpriced.
- Different types of Real Estate markets require different strategies.
- If markets are going up, price your home above current prices if you are selling.
- If markets are going down, price it below current prices.
- It is possible to structure win-win transactions where everyone benefits.
Agents
- An experienced Real Estate professional may save you money in most markets.
- Time is valuable; but Agents get paid for Results, not time.
- A professional Real Estate Broker or Agent can help reduce the stress of complicated transactions, like buying and selling simultaneously.
- Dual Agency is illegal in Florida as Real Estate Agents cannot serve two masters.
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