If you want to sell for top dollar, make sure your condo complex is FHA approved BEFORE you put your condo on the market.
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That way you can sell to buyers that only have 3.5% down.
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More competition means more money for you.
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If it's not already approved, go to your board meetings and demand that it becomes FHA approved.
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It will only cost the HOA about $1,000 and it will benefit everyone in your complex.
Your "Days On Market" should say "0"
Ask your agent to show you your MLS listing.
Make sure the "DOM" or “Days On Market” reflects the actual amount of time you have been on the market.
Your home listing should say "0 DOM" when it first hits the market
"DOM" stands for "Days On Market".
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Agents put in the incorrect dates all the time.
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Putting in the wrong date can cause your listing to appear like it's been on the market a long time.
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When you are selling, you want to avoid that at all costs.
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If you are a brand new listing, you want it to say "0 DOM".
This is how to handle multiple offers on your home
The best way to handle multiple offers is to ask the buyers for their best and final offer.
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That way when your review your offers you know where everyone stands and don't have to wonder if you are leaving any money on the table.
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See the full answer on The #AskDanielLosAngeles Show - Facebook.com/DanielLosAngelesShow
Your agent could be the deciding factor when you are in a multiple offer situation
If your offer is identical to another buyers offer, there is still one thing that separates the two of you.
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It's the real estate agents who are involved in the transaction.
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The listing agent is going to recommend the agent that he knows and trusts will do a good job.
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Will your agent be on the winning side?
Who pays for the appraisal? Buyer or seller?
A couple of years ago, almost all appraisals were coming in low.
That means if a agreed upon purchase price for a home was $1 Million, the appraisal would come in at $950K.
This caused many escrows to be canceled.
Now, appraisers are much better. Thankfully there have been less appraisal problems as lenders have slightly loosened their lending restrictions.
See my full answer at Facebook.com/DanielLosAngelesShow
The buyer usually pays for the home appraisal
The buyer needs the appraisal to get their loan, therefore, the buyer usually pays.
The appraisal report will cost the buyer somewhere between $350-$450. That is part of the closing costs that the buyer pays.
Don't be known around town as the "rookie home buyer"
Don't be known around town as the "rookie home buyer".
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Get your pre-approval letter now BEFORE you start shopping for a home.
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You will save yourself a lot of frustration and time.
Get pre-approved for a loan before touring any houses
-Don't find the home of your dreams only to be told you can't afford it.
-Get approved for a loan FIRST.
-Once you know how much you can afford, then you can start looking at homes in your price range.
This is why you home purchase offers are not being accepted
Are your offers not getting accepted?
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There is record low inventory and the competition is massive right now.
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Don't give up. There will be more homes for sale in spring.
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See the full answer on The #AskDanielLosAngeles Show - Facebook.com/DanielLosAngelesShow
The market could be preventing you from buying a home
If you are not able to find a home to purchase... your not alone.
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The San Fernando Valley has recently had record low inventory. That means there are very few homes for sale!
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Because there are so many buyers out there, it is hard to outwork the competition.
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Here are a couple of ways to get your offer accepted:
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Have a big down payment... 20% is average these day.
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lower you inspection periods. You don't need 17 days to do an inspection. Get it done in 7.
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Write a personal letter to the seller. Most buyers don't do this. Be different.
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Stay optimistic. You will find a home.
Episode 3 of The #AskDanielLosAngeles Show
In this episode of The #AskDanielLosAngeles Show, I answer the following real estate questions:
-So far we have put in 2 offers, and they both got rejected. We really want to buy a house in Burbank but nothing seems to be working out for us. What are we doing wrong?
-I'm ready to buy a home. What is the first step I should take?
-Who pays for the appraisal? Is it the seller or the buyer?
-When you get multiple offers on a property you are selling, how do you decide which offer to pick?
If you want top dollar for your home, you need to have a social media marketing strategy.
If you want top dollar for your home, you need to have a social media marketing strategy.
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Create a one minute version of your marketing video, and advertise it on Instagram.
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Target your ad to people “likely to move” that live within a 15 mile radius of your property (yes, you can get this detailed when advertising on Instagram and Facebook).
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Don't tell them the asking price in the ad! That way they have to contact your agent to find out the details.
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Your agent then captures the buyers contact info and can now continuously market to them until the home sells.
Put your home on the market now... before everyone else tries to sell their home.
Put your home on the market now... before everyone else tries to sell their home.
Your home sold in 72 hours or we're fired.
Text me for more info. 818-445-7953
If you want top dollar with the potential of multiple offers, now is the time to put your home on the market.
It happens every year. In fact, they have a name for it...
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It's called the "Spring Selling Season".
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That is the time of year when most people end up putting their property on the market.
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When buyers have a lot of homes to choose from, the demand for your home goes down.
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Why not put your home on the market now, before the mad rush... while there is still little competition?
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Buyers are out aggressively shopping for a home right now!
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If you want top dollar with the potential of multiple offers, now is the time to put your home on the market.
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We will sell your home in 72 hours or we're fired. Text me for more info 818-445-7953.
