Hello Roger,
Some will say this is not the best time to sell with so many homes on the market. I don't necessarily agree, particularly when you are selling a home and then buying another home elswhere. Being a "seller" in a down market means you may not get as high a price for your current home as you might have a few years ago. However, being a "buyer" in this down market, after your current home sells, means that you will likely pay a much lower price for your next home. Assuming the market does not change drastically during the time between selling and buying, you should come out fairly even.
There are a lot of homes for sale right now, as you are problably well aware, and the average home is taking longer to sell than in a more normal market. However, the length of time a home may sit unsold depends a great deal on the condition of the home and how it is priced relative to other similar homes for sale. Since you will be turning around a buying another home, you have the luxury of pricing your current home agressively to sell, and then being equally aggressive in buying your next home at an equally good price.
The procedure is fairly easy. Your first step is to find a real estate agent to list your home for sale. (I suspect you will get quite a few "offers of assistance" from real estate agents right here in response to your question). Choosing the "right" real estate agent is important and the best advice I can give you is to ask for references of clients they have worked with recently (preferably in the last 6 months), call those people and ask them how they liked working with their agent, and would they hire the same agent again? You might be surprised at some of the answers you may get. This is a difficult market right now and some real estate agents are having more success than others due to a lot of factors, including how hard and how "smart" they work for you. While the old saying, "the harder you work the luckier you get" is still true, it is also true that "the 'smarter' you work, the luckier you get". Make sure you hire an agent that is taking advantage of all the technology available today, and in particular the internet with an effective internet marketing program. You may want to look for a real estate agent that is "e-PRO" certified meaning they are recognized by teh National Association of Realtors as being "Internet Professionals".
The listing process is also fairly easy. You will need to sign a Residential Listing Agreement which sets forth the listing price and other terms and conditions in marketing your home for sale, including listing it on the local Multiple Listing Service ("MLS") where it will have exposure to all other real estate agents that are working with buyers and looking for property. Once you get an offer, this is when the real work begins for your listing agent, to make sure all the required forms and disclosures are done properly and timely, that everything goes smoothly during the escrow process and that you are being properly represented in an ethical and professional manner and not being exposed to unnecessary and avoidable legal risks in the sale of your home.
Best wishes in the sale of your home and your move to Arizona. If I can be of any assistance is helping you list and sell your home here in La Quinta, please feel free to call or send me an email.
Larry Hansen
e-PRO and Broker-Associate
Realty Executives
La Quinta, Ca 92253
(760) 668-2486
Larry@HansenDesertRealty.com
http://www.DesertAreaGolfHomes.com - Sat Jul 12 2008, 14:31