If you have a home for sale in Tallahassee (or anywhere for that matter), you should check to make sure that your listing in the Tallahassee MLS is both accurate and complete. A review of the Tallahassee Board of REALTORS® Multiple Listing Service this morning showed that many "tricks of the trade" are not being utilized by all of the real estate companies in Tallahassee.
I was prompted to do this check because recently a reader wrote in with a question about where to go to find information about creative financing and other options a home seller needs to consider in a market where roughly 60% of the listed homes fail to sell (see graph on right). This reader is about to list her property with us and wants to ensure that she employs every possible technique that she can to get the home sold.
And it made me wonder. Do REALTORS in Tallahassee properly check all the key boxes when entering a home for sale in the Tallahassee MLS. You see, there are boxes that indicate whether or not the property is a short sale, whether it is bank owned, in foreclosure, or even if the Seller will assist in financing. All of these options open doors for buyers with margin credit or limited resources.
While most home sellers would love to get cash at closing for their home, the fact is this market is requiring many to have to consider holding seller financing or even doing a delayed closing (lease purchase agreement). So many people are considering doing a lease purchase contract that four of our most popular blogs over the past few years have been on this very subject!
Popular Posts About Lease Purchase Agreements
- Creative Home Selling – Taking A Lesson From Wall Street Using the zero coupon bond concept to help create more home buying and home selling opportunities.
- What Sellers Should Know About Lease Purchase Agreements While this creative tool can be beneficial to home sellers, there are correct techniques to consider and home owners need to understand the risks that they are taking.
- Creative Financing Offers Challenged Home Buyers Potential Solutions Many mortgage lenders are having to say “no” to challenged home buyers, but this technique can still result in a “yes” from some home sellers.
- Cautious Home Buyer Wants To Rent With An Option To Buy Home buyers who choose to rent a home before they actually close on it have to consider some very important issues when drafting the agreement with the home seller.
Check Your Listing If You Have A Home For Sale In Tallahassee
So, if you have a home for sale in Tallahassee, make sure that your listing is complete and accurate. Make sure you mark that you will consider (some) level of owner financing and that a lease-purchase (for the right candidate) will be considered. It could make the difference between your home being shown or not to the very family that would love to purchase it today!
Don't forget to check out how a progressive marketing plan get's a home sold in the rough real estate market conditions that we are facing today!
Joe Manausa, MBA is a 26 year veteran of real estate brokerage in Tallahassee, Florida and has owned and managed his own company since 1992. He is a daily blogger with content that focuses on real estate analytics and providing his clients with a tactical advantage in today's challenging market.