The real estate industry is under the constant pressure of change, urged on by everything from economic factors to technology. And while homes stand still, the practices that determine their value are always in motion. Professional representation in real estate ensures that both buyers and sellers are equipped with the resources they need to make informed decisions while taking advantage of market opportunities as they come. At Versatile Real Estate Company, we excel in local real estate knowledge, experience, and take pride in staying at the cutting edge of technology systems that give us ever-greater insights into the market.

While home sales vary by location and market trends, having a professional realtor on your side ensures that an optimal timeline can be created based on criteria such as the sale price, condition of your home, and our professional marketing research. Under our expert guidance, we’ve seen homes sell as quickly as 7 days, while the current market offers an average period of 90 days for a home sale at or above fair market value. You may contact us anytime for a consultation and to receive a personalized timeline based on the location, features, value and condition of your home. 

Closing Costs are a collective term used to describe the transaction fees paid after a successful home purchase. For a home buyer, closing costs typically include a mortgage application fee, a loan origination fee, an insurance premium, and survey, title search and appraisal fees. Closing Costs are similarly unique to sellers, typically including property taxes, recording fees, and escrow, real estate commission and title insurance fees. Closing Costs vary depending on the sale, but amount to roughly 5% of the purchase price on average. 

To ensure a positive reaction from the buyer’s market, we utilize multiple tools to help you calculate the fair market value of your home. These include pricing comps (comparables), which look at recently sold homes with similar features to yours; current market rates, which factor in up-to-date trends and forecasts; the features of your home, including renovations, additions, and various other property attractions; and the overall condition of your home. We work with you side by side to determine an optimal listing price based on your timeline to sell and negotiate for the most advantageous position on your behalf.

Buyers

It’s always a good idea to determine your price range and get prequalified for a mortgage before you begin your home search. This helps you understand how much you can actually afford to spend and stay focused on available homes within your price range. Once you’ve determined your price range, you may proceed to a review of the location where you wish to own a home. This presents a list of available homes within that location, and you may begin to view homes within your price range. If you are flexible to location, you can jump right into your search based on your price range, which may present a greater list of options to choose from. Once you find a home you like, it is advisable to perform a home inspection to determine its condition. If everything looks good, you will then work with a lender or realtor to select a loan option. Your lender will then have the home appraised to ensure an accurate fair market value. Once the price is agreed upon, paperwork is handled through your lender and a third-party title company, all necessary documents are signed, and the sale is closed.

Sellers

When selling a home, you’ll want to first determine how fast you expect your home to sell. This will help determine your listing price, which, in the case of a faster sale, will get a better response at a lower price, while in the case of a flexible timeline, could be listed at near or even above fair market value. Once you’ve determined your timeline, you may now hire a realtor to begin the process of reviewing and pricing your home. A professional realtor can help you strategize your selling goals by advising you on how to get maximum return on your home, which may include home renovations, upgrades, and modifications that drive the home value up. At this stage, it’s also a good idea to get a home inspection to determine any issues that may affect the price of your home. Keep in mind that buyers will be doing an inspection of their own, so knowing and informing them in advance while factoring any discovered issues into the price ensures a more efficient and professional selling process. Your realtor will now help you price your home and list in on the market using professional marketing content designed to attract buyers. Once your home is listed, you can now expect to receive requests for viewings, followed by offers on your home. During negotiations, you’ll learn about the buyer’s financing and terms for purchase, after which you’ll agree on a price. In some cases, a real estate attorney may be advisable to ensure that there are no loose ends surrounding your home and that the deal will be successful. After that, paperwork is coordinated and signed, and the sale is closed. 

In both of these processes, Versatile Real Estate Company represents your best interests and helps guide you towards making informed and favorable decisions every step of the way.