Entries in real estate (30)


Selling your home in a Slow Market

Myths About Selling Your Property in a Slow Market

Trying to sell your property in a slow market is definitely frustrating. You may find that it takes longer to sell and you cannot get as much money as you could during a booming market.

However, you can’t believe all the hype about a sluggish real estate market. Do your research and separate the facts from the fiction.

You won’t get a decent price.

Your property will sell for whatever a buyer is willing to spend on it. A comparative market analysis shows you what other buyers spent on real estate like yours.

Of course, if you bought your real estate when values were up, you may have to take a loss. However, most people can get a fair price and even make a profit in a slow market.

Your real estate will stay on the market too long.

While it’s true that real estate tends to take longer to sell during a slow market, it’s not impossible to sell them. People do still buy real estate in slower markets.

If your real estate is priced right and prepared for sale, you can still sell it within a reasonable amount of time.

Buyers only want foreclosures and short sales.

The truth is that buyers want good deals, and this can be in the form of money or time. The price of a foreclosure or short sale may certainly be attractive, but they can take a considerable amount of time to close while the banks negotiate their terms.

Paying slightly more for a traditional sale is sometimes well worth the time they can save.

Selling your property in a slow market isn’t easy, but it can be done. Using my proven marketing plan, I can help you sell your real estate whether it’s a slow market or a booming market.


Top School Districts Lift Home Prices


Homes within highly rated school districts tend to have a higher median sales price, sell for a greater percentage over the list price, and sell faster, according to a new study by the real estate brokerage Redfin.

Highly rated public schools were found to have homes with a median sales price of $474,900 compared to $290,000 in an average-rated school zone. Redfin researchers also found that homes in top school districts are more likely to sell for 30 percent above the list price versus 23 percent. They tend to sell faster too: A median of 25 days on the market versus 21 days.

School Impact:

Homes in top-level school districts can be more difficult to come by, the study shows. For every 100 homes in a neighborhood, on average, only 5.8 were on the market in the past year compared with 6.5 for the greater metro area.

Redfin analyzed test score data from GreatSchools ratings, provided by Onboard Infomatics, in 22 major metro areas to determine the neighborhoods that have the most highly rated public schools. Redfin also included data on median sales price, and the percentage of homes that sold above the asking price.

The following metros have some of the top rating averages from GreatSchools, and listed below them are the top three neighborhoods containing the most highly rated schools within each metro. (For the full list of 22 metros and the top schools identified, visit Redfin’s research blog.) 

There are numerous outstanding school districts in South Jersey! Let me help you find the right one for you and your family.


Selling your Home

As you prepare to sell your home, we appreciate the opportunity to assist you in one of life’s most important events. Most real estate companies offer one level of service. We believe you should expect more. Our exclusive full service marketing system represents our ongoing reliability and service, and our commitment is to meet and exceed your expectations. Below are some of the key components of the home selling process.

You’re ready to sell your home!

Your first step is to have your Coldwell Banker Preferred sales associate assist you with practical ideas on how to successfully prepare your house for sale. If you are not already working with a Coldwell Preferred sales associate, you can select one by using our Agent/Office Search.  Be assured, by choosing a Coldwell Banker Preferred Sales Associate you will find a professionally trained, experienced agent to offer you agency representation options and full service.  In addition, you can read a copy of our Home Selling Checklist for more information about preparing your home for sale.
This is also a good time to gather all your paperwork that you will need to expedite the closing once you have an acceptable offer. Your Sales Associate can provide you with a list of these items. In addition, you may wish to begin the process of selecting a local Real Estate attorney to represent you once you have an accepted offer on your home. If needed, your Sales Associate can provide you with a list of local attorneys that specialize in real estate.

What should I list my home for?

There are many factors that affect the list price of a home: location, condition, amenities, supply and demand, and local and global market conditions. Your Sales Associate will assist you by providing a thorough market analysis of your home so you will be able to come up with a realistic, competitive pricing strategy on your home.

What is the Property Condition Disclosure Form?

Most sellers of single- and multi-family residential homes are required to provide potential buyers with a completed and signed property condition disclosure form. Failure to provide this form will result in a monetary credit to the buyer at closing. Please consult with your Coldwell Banker Preferred Sales Associate for complete details.

Full Service Marketing and Personally Customized Service

At Coldwell Banker Preferred our goal is to not simply sell your house, but help you realize the best price obtainable for your property. During the market analysis presentation your Sales Associate will explain every aspect of the selling process to you. Once you list with Coldwell Banker Preferred, your Sales Associate will begin managing the sale of your home with implementation of our extensive marketing program.
The relationship between you and your Sales Associate is the key to the successful sale of your home. Your home and your needs are unique; therefore your Sales Associate won’t use a pre-designed plan to sell your property. Your Sales Associate will listen to your goals, address your concerns, and use his or her knowledge and experience to create a custom plan that will effectively result in a sale.
Your Coldwell Banker Preferred Sales Associate will also present you with our Seller Services Guarantee, which demonstrates that we are committed to performance!

A Buyer is Ready to Present an Offer!

When an offer is presented, your Sales Associate will advise and help you to obtain the best possible price and terms. Understanding the standard forms and the many transactional issues is key to negotiating the best terms to meet your individual needs. Making sure buyers are pre-qualified is of utmost importance in negotiating a successful sale. Your Sales Associate will promote your interests and assist in developing a clear and binding transaction.
Again, because the offer procedure and paperwork varies between Pennsylvania and Delaware, please consult with your Coldwell Banker Preferred Sales Associate who will review the specific procedures followed in your area.
Typically an offer is initiated by the buyer through their Sales Associate and includes the following information:

  • The amount the buyer is willing to pay
  • Mortgage amount, if any
  • Closing and occupancy dates
  • Contingencies, such as mortgage commitment, building inspections and pest inspections to include where appropriate (but not limited to): termite, pest, radon, water potability, well, lead, septic, oil tank.
  • Any personal property specifically included or excluded

If the offer is not acceptable to you, further negotiations may be necessary to reach terms agreeable to both you and the buyer. Because counter-offers are common (any change in the offer can be considered a counter-offer) it is important that you remain in close contact with your Sales Associate during the negotiation process so that proposed changes can be reviewed and responded to quickly.

You have an Acceptable Offer!

Once again, items such as the contract writing procedure, down payments required and building inspection contingency dates can vary from one state to another, please consult with your Sales Associate so that they can inform you of the immediate action steps. Timing is critical at this stage!

Between Contract and Closing

Throughout the transaction, you will need to closely monitor the progress of all contingencies to make certain that all deadlines are met. On the day of closing, the buyer will have a “final walkthrough” to make certain that the house is left in “broom clean” condition and has been thoroughly vacated.

What to expect at the Closing

The closing is a formal process where all parties sign all of the necessary paperwork needed to complete the transaction. Title to the property is transferred from you to the buyer. The buyer receives the house-keys and you receive payment for the house! From the amount credited to you, the title representative subtracts the funds to pay off the existing mortgage and other transaction costs. Deeds, loan papers, and other documents are prepared, signed and ultimately filed with local property record office.

*PLEASE NOTE: The home selling process varies by state and state region. Ask your Coldwell Banker Preferred Sales Associate about any details specific to your area when selling your home.


Steps to Successful Home Ownership

As you might know, I began a new career as a Realtor Associate with Coldwell Banker Elite Realtors. I want to share with you some of the steps necessary to become a homeowner. This information is excerted from the non profit group, Home Ownership Council.

Buying a home is probably the largest investment you will ever make.  Becoming an informed consumer will help you make smart decisions on your way to being a successful homeowner.


What you can afford is not always what the lender says you can afford.  There is a big difference and only you and your family can say what your budget should be and how much you are comfortable paying each month.


You really need to find the best loan for your budget and your personal finances. Call around to see whom you are comfortable working with and who can get you the best loan. Once you choose your mortgage lender get preapproved so you bring the strongest possible position to the home buying process.


Most homebuyers will work with a real estate agent to help them buy a home. A Realtor® can help you find a home based on what you can afford and what matters most to you.


When you find your dream home, your Realtor® helps you write and negotiate a purchase agreement. This is a written contract signed by the buyer and the seller stating the terms and conditions for the sale. Sellers ultimately decide whether to accept or reject a purchase agreement.


Once you have signed a purchase agreement you will want to get a professional home inspection. A certified home inspector can find current and potential problems not always visible to buyers. It is worth the expense in the long run. Your Realtor® can help you find a qualified home inspector to use.After the purchase agreement is sent to your lender, they will finish processing your loan application and have the property appraised to make sure it is worth the amount you want to pay for it.


The closing will typically take place in the seller’s real estate office. At this meeting you and the seller will sign the paperwork and transfer title of the home from the seller to you. Once closing is complete, you will receive the keys to your new home.


A New Career

I recently passed the NJ Real Estate License exam and have started working for Coldwell Banker Elite, Realtors in Mt. Laurel, NJ. As a new Realtor Associate, I am working with clients to buy and sell properties. One of the best things about working with Coldwell Banker is the great connections I have that work for all consumers. For instance, the company is affiliated with some of the top internet sites including Realtor.com, Trulia, Yahoo Real Estate and HGTV Front Door. We also have a phenomenal Relocation Service, so if you are in New Jersey or somewhere around the world, I can help you with your Real Estate needs.

The motto I have chosen for my business is "Honesty, Integrity and Fair Dealing for every client." I will continually strive to make the experience for my clients the best they have had. With my background in Public Relations and Advertising, the jump to Realtor will be seamless. I hope you will connect with me on my business Facebook page at LindaAlexandroffRealtorAssociate soon. I am posting recipes, gardening tips, decorating tips and a smattering of Real Estate issues. I will continue to post my thoughts and experiences on all things that are Simply Extraordinary as well!

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