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When
you're selling a home in Madison or Sun Prairie home, or
real estate anywhere in Dane County Wisconsin, you need a sales
team that will produce results. In
today's market, the home selling process is faster, more
complicated and competitive. The Lukens Home Team has over 26
years of professional practice experience to help your home sell
quickly, and at the best price. The
Lukens Home Team has produced these results for hundreds of Madison, Sun Prairie or
Dane County Wisconsin home sellers.
Choosing an Agent
Selling a home is one of the most important financial
transactions in most peoples lives. Choosing the right real estate
agent can help make it a successful and profitable transaction. An
experienced agent can help you negotiate a better price, more
favorable terms and a faster sale, while saving you time and
aggravation.
Determining a Price
The most important benefit of working with an experienced agent
is his or her knowledge of the marketplace in setting the right
price for your home. Your agent will determine the market value of
your home to determine a listing price that will help you realize
the most money from the sale, while keeping it competitively
priced. Overpricing a home can increase its time on the market and
contribute to slowing down your transaction.
Marketing and Showing Your Home
The agent you choose to represent you will recommend a variety
of marketing activities designed to find the right buyer. These
recommendations are based on your agent's knowledge of the local
market, and strategies that have been proven successful in selling
properties with characteristics similar to your home. Not every
advertising or promotion method is appropriate for every property.
Use your agent's expertise to develop the right marketing plan for
your home.
The Listing Contract
Wisconsin real estate law is complex. The real estate listing
contract is a legally binding document that spells out all the
terms of the agency relationship you will have with your agent. It
will cover pricing, payments, terms and performance issues. With
an experienced agent, you can rest assured that the legal
obligations of your real estate transaction will be properly
fulfilled.
Preparing for Sale
When your home is ready to go on the market, it needs to look
great! Start by pretending you're going through each room for the
first time. Using a fresh eye will help you notice clutter, small
stains and cracks, peeling paint and other simple maintenance
projects that will help your home's appeal to a buyer. A home that
is clean and well-maintained will sell faster and for a better
price. Your agent can help identify many small improvements you
can make so your house feels like a home to a prospective buyer.
Offers to Purchase and Contingency Contracts
When you receive an offer to purchase contract from a buyer, it
may contain contingencies, such as making the purchase of your
home dependent on the sale of their current home, or obtaining a
mortgage with a specific interest rate. Do you accept this offer
for the purchase of your home? Your agent will help you compare
the risks and benefits of these contingencies so you can make an
informed decision.
Home Inspections
It is likely that the buyer of your home will include a home
inspection clause in their Offer to Purchase. A home inspection
uses the knowledge of an expert to make sure the house is
structurally sound, its systems function properly and its
appliances are in working order. To ensure a smooth transaction,
repair any defects or problems before you put your home on the
market. Taking the steps to eliminate all potential maintenance
drawbacks before putting your house on the market will help your
home sell quickly.
Appraisals
Most financial institutions will require a property appraisal
before they commit to providing a mortgage to a home buyer. The
appraisal determines an objective value of a particular property,
based on its comparison to recently sold, "comparable"
properties in your home's neighborhood. The appraiser will adjust
the value up or down based on factors such as the condition of the
property, lot size, number of bedrooms, bathrooms or unique
features. This value then becomes the maximum amount a lender will
extend in a mortgage. If your home is appraised far below its
agreed-to purchase price, the buyer will be responsible for that
difference.
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