In This Issue
Monthly Quote
“My home is not a place, it is people.”

-Lois McMaster Bujold, American author, (1949 - ), Barrayar

Tip Of The Month

When you are looking for a contractor to do any type of work on your home, make sure the person or company you hire has the proper credentials. Contractors should be bonded, registered with the city or county and licensed by the state. Although these credentials are no guarantee that you will like the work or that it will be quality, you will at least have the reassurance that the contractor is licensed. Additionally, if you have a serious complaint about the contractor, it will help to know this information so you can contact the licensing agency or the Better Business Bureau or take the party to court.

·
You should also check for proper insurance. A contractor should be insured for property damage, worker’s compensation and personal liability. Independent contractors may not have worker’s compensation insurance, but they should have proof of liability, medical and disability insurance.
 
·

You can verify these credentials by calling the state, city and county housing authorities to verify licensing and bonding. To verify insurance coverage, you can call the contractor’s insurer.

 

Properly screening contractors, whether your job is fixing a toilet or finishing a basement, will go a long way toward preventing problems before, during and after the job.

(Source: Gary Hedstrom, Peggy Hedstrom & Judy Tremore, How to Fix Everything for Dummies, Wiley Publishing, Inc., 2005.)

Last Month's
National Survey
Results

In Your opinion in the next 6 months will the value of your home...?

A whopping 85% of homeowners across the country expect that home prices will continue to appreciate in the next six months

Quick Links

Homes for Sale

Home Values

Real Estate Trends

Mortgage Info

Homes for Sale | Home Values | Real Estate Trends | Mortgage Info
Ask Your Realtor the Important Questions

With the key home selling months still here, we give you the low-down on how to select the right realtor for you.

Right now is a great time to sell you home. Not only are we still in the peak home-sales season of April, May and June, but most areas have a shortage of homes and interest rates have started rising, which means most potential homebuyers want to get in there quick before the rates go any higher. Before you list your home, there are three key steps you need to make sure you have completed, which were discussed in a recent Inman News article.

Step One: Clean, paint, repair, and generally spruce up your house so that it is ready for people to picture themselves living there. The clutter is put away, and the true charm of your house is revealed.

Step Two: Obtain a professional inspection, preferably from an inspector that belongs to the American Society of Home Inspectors. There may be other reports that are common to your area, such as energy efficiency. Such a report will give buyers greater confidence, and can cut down a lot of negotiating time, especially if you have addressed any issues the report identifies.

Step Three: The next step is arguably the most daunting - choosing a realtor. The key here is to interview at least three realtors, so that you can see who in the area is the most realistic and who offers the best plan for selling your home. As part of the interview, make sure you obtain and retain a written comparative market analysis. This analysis will show the recent sale prices of comparable homes, the current listing price of your local competition, and a list of homes similar to yours whose listings have recently expired (probably due to an excessive asking price). After your potential realtor has presented his or her case, make sure you get an understanding of the following areas:

  • How long have they been operating in your area?
  • When are their days off, and are they going to be taking any vacation soon?
  • How is the workload handled? Do they have office assistants? How many listings do they have currently?
  • What is their written marketing plan for your home?
  • Are they full-time or part-time?
  • What do their fees consist of?
  • Can they guarantee a sale within a 90-day listing period? (A good idea to cover yourself is to insert a clause that states you are free from obligation if your house is listed for more than 90 days.)

Hopefully, you will have your pick of several excellent realtors that you have interviewed. Even if this is not the case, by asking many questions, you can separate the best, and be happy in the knowledge that your home is being faithfully represented.


<<BACK TO HOME
Feedback: Please tell us what you think of this newsletter. Just send us an email.
© Copyright 1995-2005 HouseHuntTM, Inc. for real estate and homes for sale;All rights reserved.
19671 Beach Blvd., Huntington Beach, CA. 92648

Homes for Sale | Home Values | Real Estate Trends | Mortgage Info