In California, the homeseller usually agrees to pay the commission of the agent that is listing their home for sale as well as the commission of the agent that is representing the buyer purchasing the home. Realtors are not paid by the hour or appointment and do not receive any money unless they sell a home. Essentially, this means that both buyer and seller agents are working for free until the deal is closed. Payments to the real estate agents on both sides are typically paid out of the proceeds of the sale. The commission often amounts to roughly 3% for each agent.
Some sellers think their home has to be perfect before it can go on the market. While it's true that certain updates can increase your sales price and shorten the amount of time it takes for your home to sell, most of the time there is less work that needs to be done than the homeowner believes.
Before you decide not to sell, seek advice from a Realtor to see how much work is truly needed. An experienced Realtor can also help you figure out which updates will yield the highest return on your investment, so it's good to get an expert opinion before you spend money, time, and effort to upgrade your home. The Compass Concierge program can also help you cover the upfront cost of upgrades -- like painting, landscaping, or even staging -- so that you don't have to come out of pocket to get the most out of the sale of your home.
The accurate value of your home depends on many things such as the square footage, neighborhood/area, and many other attributes. In order to tell you what your house will likely sell for, I first look at comparable sales. These "comps" are homes that have sold in your area that have similar attributes to your home. Yes, your neighbor's home may have sold for X, but that doesn't necessarily mean your home will sell for X...I will conduct a detailed room-by-room analysis and offer you a free, custom report that includes accurate and up-to-date information to determine your home's value.
Online real estate sites provide estimated values of homes for nearly every home in the United States. However, these are not always accurate home values for your local market. All estimates are based on calculations and formulas that do not necessarily provide accurate information. In fact, Zillow CEO Spencer Rascoff Rascoff sold his Seattle home for 40 percent less than the Zestimate of $1.75 million.
These online guesstimates can be deceiving. You can receive a more accurate value of your home by speaking with a top Realtor in your local area such as myself, not a third party real estate website. If you are looking to see an accurate and up-to-date evaluation of your home's current value prepared by an experienced professional Realtor, contact me today.
The average length of time for selling your home in the Sonoma area is currently around 100 days. However, this varies drastically depending on seasonality, economic conditions, and the price of your home, among other things.
It is important to price your home competitively and make sure your home is seen by as many people as possible. The more exposure your home receives, the faster the offers will come in. I offer strategic marketing plans for my sellers to get their home as much exposure as possible through professional photography, Facebook marketing, email marketing, and more.
If you would like an up-to-date analysis of our local market, let's schedule a time to talk. You can also stay current on the latest market stats by subscribing to my weekly email updates. Send your email address to me at email@example.com and I'll get you on that list!
Yes! Homes that are staged sell roughly 88% faster than those that are not staged. On top of that, homes that are staged often sell for up to 20% more. Staging can make a huge difference because it offers the buyer an opportunity to envision themselves living in your home.
It depends. Your lender may require a different amount of down payment depending on the purchase price of the home, your credit history, and other factors. There are also financial benefits to paying different downpayment percentages. For example, putting 20% or more down is often advantageous as it helps borrowers avoid private mortgage insurance which can be quite costly. All that said, it's common for folks to make a 5% - 20% downpayment on their home.