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Frequently Asked Questions

The Pre-Listing Process

 

Why choose The Anderson Group instead of selling my home myself?

Why choose The Anderson Group over another agent?

What does it cost to find out the value of my home? 

What is the value of my home?

Do the foreclosed homes in my neighborhood affect my home value?

What price should I list my home for?

Will you discount your commission?

 What do I need to do to get ready to list?

 

Why choose The Anderson Group instead of selling my home myself? 

In today's market, with homes selling quickly and prices rising, some homeowners might consider trying to sell their home on their own. There are several reasons this might not be a good idea for the vast majority of sellers. Here are five of those reasons:

1. There Are Too Many People to Negotiate With

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner:

  •          The buyer who wants the best deal possible
  •          The buyer’s agent who solely represents the best interest of the buyer
  •          The home inspection companies, which work for the buyer and will almost always find some problems with the house
  •          The appraiser if there is a question of value

2. Exposure to Prospective Purchasers

Recent studies have shown that 89% of buyers search online for a home. That is in comparison to only 20% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?

3. Results Come from the Internet

Where do buyers find the home they actually purchased?

  •          44% on the internet
  •          33% from a Real Estate Agent
  •          9% from a yard sign
  •          1% from newspaper

The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial.

4. FSBOing has Become More and More Difficult

The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years.

The 8% share represents the lowest recorded figure since NAR began collecting data in 1981.

5. You Net More Money when Using an Agent

Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent’s commission. The seller and buyer can’t both save the commission.

The Anderson Group spends approximately $20,000 per month to market our listings. This leads to more exposure, which leads to more showings. Our homes sell faster than a majority of the homes in our area because of our marketing strategy, which can end up saving you thousands of dollars in extra mortgage payments you would have to make if your home did not sell in the first 30 days of listing.

Studies have shown that the typical house sold by the homeowner sells for $210,000 while the typical house sold by an agent sells for $249,000. This doesn’t mean that an agent can get $39,000 more for your home as studies have shown that people are more likely to FSBO in markets with lower price points. However, it does show that selling on your own might not make sense.

Bottom Line

Before you decide to take on the challenges of selling your house on your own, sit with a real estate professional in your marketplace and see what they have to offer. The consultation is free, and it will help you make the most educated decision that best fits your situation.

Why choose The Anderson Group over another agent?

At The Anderson Group, we believe in handling real estate in a distinct way, different from most other agents.  Traditionally, a Real Estate Agent has always been a “jack of all trades”.  The same person that listed your home also offered staging advice, took the pictures, installed the sign, showed buyers, marketed your home, answered your calls when you had questions, followed up on feedback, negotiated offers, worked with the title company and lenders, and attended the closing.  Most often, the client left that experience feeling underwhelmed and disappointed. We have discovered that a single agent does not have the expertise in all of these areas or, more importantly, the time to make sure that every aspect of the transaction runs smoothly.  

The Anderson Group strives to give every single customer a true “first class” real estate experience, and in order to achieve that, we have to approach real estate with an innovative, less traditional method.  To  make buying or selling a home the best experience a client could have, it was necessary for us to create a team of highly specialized, highly skilled individuals.  What we have established is a group of people that, as a whole, are equal to the most amazing real estate experience available today.  Not only are there obvious advantages, like being able to get a hold of someone when YOU need them, but our team structure allows a collaborative approach to buying and selling real estate by combining the collective experience of more than 35 years.  Our listing specialists know the market value of a home better than any other individual because they are analyzing local market trends and home values daily.  Our buyer’s specialists know the inventory in our area better than anyone, because they show properties every day.  Our closing team has closed over 1300 transactions, which means they are prepared to handle any situation that may arise during the closing process.  We offer professional staging, professional photo editing, marketing specialists, and many other highly skilled team members to make your home stand out from the rest.  Our team will bring a competitive advantage to any real estate transaction by simply having more resources, more people, more ideas, and more perspectives.

Your home may be the most valuable asset you ever own.  Do you trust it to a person who might know a little bit about a lot of different things?  Or do you rely on a team of proven professionals that are experts in every aspect of the process?

What does it cost to find out the value of my home? 

Nothing but your time. We are happy to pull comparable properties for any homeowner that is interested in putting their home on the market...absolutely free! We will need about five minutes of your time to gather information on your home (number of bedrooms & bathrooms, acreage, square footage, location, etc.). This will give us an estimate of the value of your home. For a more in depth analysis, one of our listing specialists can meet you out at the home to walk through. This will allow us to account for special finishes, upgrades, and remodels that may not be mentioned in the initial conversation. 

What is the value of my home?

The three major factors that determine value of a property are size, location, and age.  Using those 3 items, we can determine a value range (usually within ten to twenty thousand dollars).  That range can then be narrowed down even further based on the upgrades, condition, and style.  

Do the foreclosed homes in my neighborhood affect my home value?

Unfortunately, yes.  Both real estate agents and appraisers look for the most comparable properties when creating market analysis and appraisals.  If there happen to be foreclosed homes which are equal in size, age and location to your home, they will most likely be included in the comparison.  Adjustment can be made for condition however, so if the foreclosure is in poor condition, a substantial adjustment can be made to the value of it when used as a comparable.

What price should I list my home for?

Let us tell you! We pull a list of comparable homes that have recently sold in your area to come up with a range. We then use that range with our vast market knowledge and experience to pinpoint a value for your home. This is of course affected by many things like market conditions, the number of homes available for sale in your price range, the condition and upgrades of your home,  and the marketing necessary to reach as many eyes as possible.

How soon will my house go live in the MLS after the pictures are taken? 

We strive to move the listing process along as quickly as the seller is comfortable with. You can expect to be contacted by our listing coordinator and your listing agent multiple times during the listing process. Once pictures are taken of your home, they will be edited that evening, and your home will launch in the MLS by the end of the following business day.

How will I know that my house is live in the MLS?

When you hire us to sell your home, there are quite a few steps that take place before the listings goes live in the MLS (professional staging, photos, virtual tour, etc.).  We will be in contact with you throughout that process and you will know exactly what date your home will go live.  The previous business day, our listing coordinator will contact you with a “partial listing,” which covers all of the details of your home. This gives you the chance to ensure that all the information is correct before the listing is live to the public. Once the listing is complete (and approved by you), our Listing Coordinator will launch the listing in the MLS, and she will send you a link to the active listing.  Our internal system will then syndicate the listing out to all of the popular websites including Zillow, Trulia, Facebook, and Realtor.com within 24-48 hours.

Will you discount your commission?

As a group of specialists, our service has a certain value, and we only work with people, like you, that realize the value of our service. Think about this: If you happen to come across an agent that is willing to give up their own money that easily, how well do you think they will negotiate on your behalf when it comes to protecting your money? We want to demonstrate up front how tough we will be for you, therefore cutting our commission isn't an option. 

 What do I need to do to get ready to list my home?