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Almost every seller wants their home SOLD fast for the best possible price. And it's not that difficult if some simple things are kept in mind.
1. PRICE THE HOME RIGHT! This is crucial. Pricing it too high will almost always result in prolonged sale at a lower than market value. If the market is appreciating, the price will eventually catch up but you lose the momentum. Plus the hassles of preparing the home for potential buyers for many months, if not years.
2. LET THERE BE LIGHT! Buyers like bright and lighted homes. And this is very easy to do, often with little to no cost. Keep the blinds open for showings. Make sure all light bulbs are working and are bright enough. Light makes a huge difference.
3. CURB APPEAL IS IMPORTANT! The home can be beautiful inside but you risk losing a sale if the outside looks uncared for. Mow the lawn, remove the weeds, plant some flowers, do touch up paint, look for any areas that need attention so that potential buyers don't get turned off. Invite them in.
4. DECLUTTER! Most buyers can't see past what they see. Decluttering ensures that they can see the home without distractions. Also, clutter is a safety hazard, it can create falls and trips.
5. LET THE AROMA INVITE! Any odors or smells can be a turn off. When we live in the home, we don't smell the pet odors, the cooking odors, etc. But the buyers do. Best is to listen to your Realtor's advice and do what is necessary to eliminate that smell to get top dollar for your home.
Want more tips? We are happy to help. Call us at 732.494.2211 and we will gladly guide you.
Thinking of buying or selling your home? Call us and experience the difference, 732.494.2211.
On Track Realty has been serving clients with honesty and integrity since 1994. Our promise is simple, if it's not good for our clients, it's not good for us!
Call us today, refer your friends to us too please. We are here to serve you by putting your interest first. 732.494.2211. www.ontrackrealty.com

Reasons why the closings get delayed!

by Sanjeev Aneja

Selling and buying real estate is a stressful process.  On one hand there is excitement to move yet on the other hand there is the built in stress due to many components in the process that bring in uncertainty.  

Many things can go wrong in a transaction. Some can be easily controlled, some are out of control for many reasons.  So plan the move accordingly.  Remember that the closing date on the contract is just a tentative date.  Right professionals on the team to guide you properly are critical to help make this process as smooth as possible.

Here are few things that can go wrong and delay the closing or even kill the transaction!

1. Mortgage/financing issues:  The buyer may not get a mortgage due to last minute discoveries, loss of job, lack of funds due to uncontrollable circumstances such as loss in stock market, etc.

2. Appraisal issues: The bank may not appraise at the price it sold for thereby putting the deal in jeopardy!

3. Inspection issues: This is one of the major sticking points in transactions. Seller thinks the home is perfect, the inspector thinks the home is falling apart, the buyer is nervous and does not want to proceed.

4. Certificate of occupancy (CO) issues: Not applying for inspection in timely fashion or failing inspection due to lack of permits or otherwise.

5. Lack of communication between parties: A good Realtor, a good attorney, a good mortgage rep, all are critical in the process. Their value is only known when the need arises.

6. Final walk thru issues: Often things are not completed as promised or new discoveries prevent the closing till an agreement is made to resolve the issues.  And that results in a delay.

While these are few common reasons, there can be other unknown issues that come up.  The best is to keep your Realtor in the loop and let them guide you based on their expertise.  

Have questions? Ask us and we will do our best to help. Ontrack Realty is a licensed real estate broker serving clients with honesty and integrity since 1994. Call our team of full time successful Realtors at 732.494.2211 and Experience the Difference!

Visit http://www.ontrackrealty.com to search for homes we are marketing, to search the entire MLS, to find approximate value of your home, for many FREE reports! If you like what you see, please tell your friends too about these FREE tools! Thank you!

Selling, buying, renting? There is only one number to remember, 732.494.2211.

Have other suggestions? We would love to hear from you!  Our goal is simple - clients' interest first, ALWAYS!

Don't list your home till you have these 5 things covered!

by Sanjeev Aneja

You have interviewed the agents. You have picked someone you would like to work with. All seems good! But wait, don't sign the paperwork till you have these FIVE CRITICAL things taken care of for your peace of mind, and best bottom line in most cases.

1. Do not sign a long term listing agreement. SIX months is way too long in most cases! You can always extend the listing later if needed!

2. Insist on having the right to unconditionally cancel the contract if you are not satisfied with the agent/broker due to any reason! We call this Easy Exit Listing Agreement. Don't be tied to non-performance. Reserve the right to fire if the promises are not being kept!

3. Insist on broker cooperation.  This is number one reason why the MLS works. When brokers cooperate, more buyers compete, and your net increases. Waiver of cooperation is the last thing you want to consider unless you want lower demand on your home, thus possible lower price! Remember, competition creates price!

4. Insist that the home be listed in the MLS right away, no pocket listings (where only listing office can show) for few days first! Again, your goal is highest possible price and pocket listings decrease competition.

5. Insist that all written offers be presented to you till the day of the closing.  This is required by the Real Estate Commission rules anyhow but doesn't hurt to instruct your agent.  Your broker must not say "No more offers" unless you have directed them "no more offers".

Ontrack Realty is a licensed real estate broker serving clients with honesty and integrity since 1994. Call our team of full time successful Realtors at 732.494.2211 and Experience the Difference!

Visit www.ontrackrealty.com to find homes, search the MLS, find approximate value of your home! If you like what you see, please tell friends too! Thank you!

Selling, buying, renting? There is only one number to remember, 732.494.2211.

Have other suggestions? We would love to hear from you!  Our goal is simple, clients' interest first!


 

Expand our current home or buy a larger one?

by Sanjeev Aneja

This question is asked often, "Should we expand to fulfill our family size needs or should we buy a larger home?"

While it is in the best interest of a Realtor that you buy a larger home, it is not always in the best interest of the consumer to do so! After all, buying and selling have closing costs associated with them and they can add up. And our goal at On Track Realty is simple - PUT THE CLIENTS' INTEREST FIRST.

Here are few questions you should ask before making this important decision:

1. Will adding on take care of our needs and will we be happy with that?

2. Will the improvement make our home too big for the neighborhood or will it fit in?

Sometimes, there is no choice but to move for other reasons.  Your job has moved far, so moving closer to a larger home may make more sense!  You want to be in a larger newer style home in a different neighborhood! You want a better school district for children! Reasons can be many. So the move depends upon your needs but if the needs can be met in the current home, adding on is probably the best bet!

Call us at 732.494.2211 to discuss your needs with us. We will guide you the best we can without putting our interest in mind! And if the move is the best thing, then we will help you with that too! We promise excellent service with honesty and integrity. Your best interest is our number one goal and promise!

On Track Realty is a licensed real estate broker in Edison, NJ. We can be reached at 732.494.2211. You can track us on internet at www.ontrackrealty.com. Like us on facebook at www.facebook.com/ontrackrealty for ongoing updates.

 

 

 

Factors to consider when buying a home!

by Sanjeev Aneja

We are often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall down the road, while others are convinced that home prices will go up.

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have fluctuated, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, a one point rise in interest rates could cost tens of thousands of dollars over the life of your mortgage!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates while they are still available.

It is important to remember though that the markets fluctuate. The prices go up and down.  As long as you plan to stay in your home long enough to weather out any down markets, you will normally come out ahead at the end.  With that said, if you know for sure that you will have to move within next 2/3/4 years, we suggest that you evaluate the market carefully.  There are closing costs involved when buying and when selling and even if the price goes up some in that time frame, you may end up losing real money!

Please give us a call if we can be of any assistance in determining how much home you can afford in today's market AND whether you should buy or continue to rent given your situation!

Thinking of buying your home, or know of friends who are? Let our full time professionals understand your needs and guide you accordingly! Your best interest is our # 1 priority and commitment Call us at 732.494.2211. On Track Realty, Licensed real estate broker! www.ontrackrealty.com

Is this the right time to buy a home?

by Sanjeev Aneja

Interest rates will go up and interest rates will go down. Decision to buy your home cannot and must not be solely based on the interest rates. Analyze your needs first, look at your income and affordability, see if you have cash reserves for those out of ordinary few months where expenses may go up, and then jump into this major purchase. Interest rate is but one component. Changing market is another. How long you will live in the home is yet another question to ask!

Thinking of buying your home, or know of friends who are? Let our full time professionals understand your needs and guide you accordingly! Your best interest is our # 1 priority and commitment Call us at 732.494.2211. Track us on internet at www.ontrackrealty.com

We promise excellent service with honesty and integrity! Your interest over ours is our commitment to you!

On Track Realty is a licensed real estate broker in NJ. We can be reached at 732.44.2211. www.ontrackrealty.com. Like us on facebook at www.facebook.com/ontrackrealty to get frequent updates about the real estate market!

Displaying blog entries 1-6 of 6