As it turns out, realtors are perfectly willing to involve themselves with property sales that result in cash transactions. It’s something that ends up serving the realtor—it’s like the icing on the cake, cash-only sales. Now that said, these aren’t the only means by which a property can be moved, but just because this isn’t traditional doesn’t mean it isn’t possible.
It may have some level of traditionalism to it; it’s just not a way of selling that’s well-known by modern millennial buyers. The bottom line is if you can work a cash transaction, do so. However, even if you can’t, working with a realtor can certainly help you maximize your profit—but you’ve got to be savvy.
First, understand how realtors work. When you’ve got a house for sale, the average realtor will collect a commission that’s between 3% and 6% of the total property value. So if a home were worth $200k, the realtor would collect between $6k and $12k when the property sold. It’s going to more likely be a commission closer to the 5% or 6% figure.
Realtors who only take a 3% commission are going to try and flog your property off as quickly and cheaply as possible; their business model functions by moving as many properties as possible, as fast as possible. Traditional realtors take longer, and that’s one reason they’ll charge a higher commission: they’ve got to go longer without a paycheck.
So one house being sold a month at 5% commission, with an average home value of $100k, will bring a realtor $60k a year if they only sell 12 houses. But since they’re taking a low percentage, that means they’re less likely to hold out for properties where a buyer knows the home value and wants to get more money.
Imagine you knew your home’s value was worth $250k, but the realtor wants to sell it at $200k. It doesn’t make sense, right? Shouldn’t they want the larger commission? Well, it depends on how long it takes for that commission to come in. So at the $250k rate, the realtor is looking at $12.5k. At the $200k rate, they’re looking at about $10k (at the 5% rate).
If it takes three months for you to sell at a higher rate, you make more money, but the realtor has to tread water during that time, so they get antsy. If they sold at the lower price, they would be able to pull in their commission quicker, and they’d be able to more totally focus on other properties.
So though they make more money by waiting longer directly, they may lose money indirectly. Here’s the thing: if you lose their services, it could take you more than three months to move a given property. It may take a year or more—and do you have that kind of time?
If you’re moving owing to the attainment of a new job, and you don’t go with a realtor, you could be paying the maintenance or mortgage costs for your old property while you’re paying for the new one. That’s a recipe for stress. Also, what does it cost simply to maintain a property? It could be as much as a thousand a month.
So if you’re trying to sell a house without a realtor, and you don’t know what you’re doing, the prospect is likely going to be a difficult one, and there’s a high likelihood it will be more expensive. There’s a tradeoff. Going with a realtor will get your property sold much more quickly than from your efforts. However, this might require a lower listing price.
In that scenario, you’re making less money directly, but there’s a possibility you’re saving more indirectly. So the question becomes: how do you find the balance in terms of property value, swift sale, and the utilization of realtor services that put your home in front of the right buyer from the outset?
Get the property independently appraised. Get all the “Honey-Do’s” done. Add a new coat of paint. Refurbish the attic and finish the basement. Replace doors or windows or locks as appropriate. Sand, clean, and refinish the wooden floors with new coats of polyurethane and stain, as appropriate. Switch out the carpet for Liquid Vinyl Plank (LVP). Landscape carefully.
When you maximize the property you have a prior listing, include its most positive features in the listing, get good photographic coverage, and find the right realtor from the outset, you’ll be able to list the property at a higher cost and get it sold quicker. Some remodeling, upgrade, or other refurbishments can also increase property value.
A kitchen remodels prior sale can do much to expand the price you can command for your property—only seek consultation first to assure you don’t spend the remodeling money in vain. Working with a realtor can help you maximize property value potential, but you’ll need to carefully research beforehand for best results.Read more
There comes a certain age in your child’s life when they start doing stuff, at least a few, on their own. This can start with walking and eating to being able to study the things around them. When such an age is reached, parents must start to plan their education. Today, there are multiple platforms that offer kids an extremely fun way to learn. Kindergarten happens to be that first step where parents admit their child for his or her bright future.
In kindergarten, there are different levels where children of different age groups are admitted. Then accordingly, their levels are upgraded based on the skills they develop. Their learning of how to strengthen their social skills, understand the surroundings and many more plays a major role in the same. The programs and eligibility may differ from one kindergarten to another even in the same region. Hence, it is always wise that you do good research on the same first and only then get an admission for your child.
What Skills to Expect from your Child in Kindergarten?
Throughout the session in a kindergarten, your child will be busy with activities and lessons of a wide background. Each study contributes towards enhancing and developing him or her for both his personal and professional fronts. So, here are the 5 changes that you can expect from your kid who has started or will start going to the kindergarten:
Reading Skills: You may not expect your child to be very fluent in reading words, but you will be proud to find how he or she recognizes them easily. They will learn word families, letter sounds and rhyme one word with another.
Behavior Skills: Almost every kindergarten teaches its students to improve their behavioral skills. The professionals at Montessori suggest this study to be a significant factor in shaping the different stages of a child’s life. They learn how to speak when in public areas, how to respond to elders, the importance of sharing and in the later stage, handle conflicts.
Healthy Habits: The basics of how to keep the body healthy and the various steps to be taken in the day-to-day lives are taught. A few examples for this include brushing teeth twice a day, washing hands with soap and water and drying hands using clean towels. There’s No Greater Wealth Than Your Family’s Health
Environmental Skills: Children are taught the significance of valuing Mother Nature. Teachers in kindergartens introduce students with multiple activities such as planting seeds, watering them and so on. Additionally, they are also given simple tasks of caring for the plants they sowed till they grow into a decent size for the next steps.
Social Skills: The social skills of children differ greatly from each other. While some are introverts, there are others who are ambiverts and also extroverts. In kindergarten, children are taught the skills to socialize with people of their own age as well as elders.
To conclude, kindergarten is the first and major step towards sculpting your child’s future. Hence, you must ensure finding the right school for your child and do complete research on the same. Now is the time to start shopping and start preparing. Back-to-School Buying Guide: Top 5 Items to Save Money on This YearRead more
Healthy living is one of the best decisions you can make for every aspect of your life, including your finances. Health is wealth and, indeed, life. But exercising can be one of the most difficult habits to start and maintain, especially if you are a beginner. It is even more difficult for a learner without the assistance of a trainer. So, in this article, we will take a look at some simple fitness tips for beginners.Read more
They can take many forms, from extreme weather such as storms, flooding or drought, to fires, earthquakes, and pandemics. A natural disaster can be one of the hardest things to recover from financially, simply because they are so hard to predict.Read more
Sometimes complaining can have its benefits. It’s not nice to be on the receiving end of complaints, especially if it’s not your fault. However, there are sometimes occasions where you are rightfully in your place to complain about something. Here’s why it can be good to complain.Read more
After a lawsuit has been filed, many people are wondering what happens next. The first few steps are going to set the stage for the rest of the litigation process. Therefore, it is important for people to be prepared for everything that is going to happen as a lawsuit unfolds. When someone is able to prepare appropriately, they will be able to find the right legal representation to fight on their behalf. Today, we discuss the 3 key steps involved in a law suit you must know.Read more
Have you ever heard of the term "work-life balance"? The increase of people from the millennial generation in the workforce has made this term very famous in many, if not all, industries. Work-life balance means achieving an equilibrium between professional careers and personal leisure and activities.
Millennials have coined and religiously practiced this in their lives. Gone are the days when a professional career defines a person and dictates their daily activities. Now, the increasing importance of having time for leisure and relaxation is prevailing. Here are the reasons why it's essential to maintain a work-life balance.Read more
Weeks after all the wedding fun is done, you'd think you can finally chill and enjoy this new chapter in your life. Now it's time to look through lists of house and lot packages, whether in the more laid back suburbs like Tanza or in busy cities like Makati, and find the perfect love nest for you and your new spouse. But, before getting into the big stuff, you need to handle all the little things first.Read more
Trying to figure out how to contact eBay customer services?
The larger a company is, the more difficult it can be to get the assistance you require when you have an inquiry. The best way to contact eBay is to call (866) 540-3229.
You don’t have to worry about being diverted to the eBay website or being put on hold for hours and hours on end.Read more
Running a vacation rental property is a great source of passive income. If the place is nice, in a good location, and desirable to visitors, a vacation rental property can quickly turn into a money tree. Rental properties do require upkeep and attention, though. Neglecting your property can lead to decreased traffic, negative reviews, and significant loss of income. You could have the most updated property in the world, but if it’s dirty, that’s all your guests will remember. Here’s a guide on how to keep your vacation rental property clean.
Furniture is a large investment, so keeping your existing furniture nice and usable for as long as possible would be wise. Try to invest in dark-colored or patterned furniture to help hide any potential stains. Another way to avoid wear and stains is to get slipcovers to fit your couches, chairs, ottomans, and other upholstered surfaces. These are great for protecting your furniture from stains and dirt.
This may seem like a frivolous luxury, but hiring a cleaning service is the best option to keep your vacation rental clean and sparkling for your guests. Remember, maintaining your space is more economical than having to fix it after a long period of neglect. Have a cleaning service come every two weeks for longer-term stays and in between all short-term stays. A professional cleaning service will also have access to equipment you would have to rent or purchase yourself. They can shampoo your carpets and rugs and steam your wooden flooring using powerful cleaners. Unless you plan to set out on cleaning adventures at your properties every week, it typically makes more financial sense to simply hire a service.
Between every guest stay, you or someone you trust—whether it’s an employee or another individual—should do a walk-through of the place. Keep a checklist of essentials to double-check with these items on it:
The details can make or break a vacation rental property, so you’ll want to check the incidentals regularly. Make sure you wash your furniture slipcovers every so often as well as anytime they get dirty. Check and replace the hand soap in the bathrooms, and clean the soap dispensers. Wipe down windowsills and baseboards every month or so to ensure mildew and mold don’t build up. Wipe down remote controls and light switches between every guest stay, and remind your cleaning service to do so every time they come, too.Read more