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Learning More About Real Estate

After finally saving up enough money to use as a down payment, I decided that it was time to hit the market. I met with a lender, got pre-approved for a loan, and then started visiting different properties. However, I quickly realized that I didn't know as much about real estate as I would have hoped. I wanted to find a great neighborhood and know what to ask the professionals, but I could tell that I needed a little help. To point me in the right direction, I started working with a great real estate agent who was familiar with the area. This blog is all about educating the general public on real estate matters.

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Learning More About Real Estate

Know Your Responsibilities When Creating a Flat Fee MLS Listing

by Nathan Olson

When you decide to use a flat fee listing for your home, know that you are essentially picking the option that is owner-managed. This means that you will not be receiving the full level of service that you would get when you have a real estate agent manage the listing. This leaves everything up to you when creating the listing, which is why you need to know what your responsibilities are.

You'll Prepare Your Own Comparative Market Analysis

One thing that home sellers need to figure out on their own is what they will make the initial list price. This involves performing detailed comparative market analysis to look at all the homes similar to yours that have recently sold and seeing how they compare. This gives you a realistic idea of how much homes sell for, and what you can expect to get for your home. If you do not perform this part of the process, you'll end up picking a price blindly that may be too high or too low. It will result in a home having no interest for months until you adjust the price, or losing out on thousands of dollars by pricing the home too low.

You'll Arrange for Your Own Real Estate Photos

A crucial part of any real estate listing is taking photos of your home that go with it. This is not something that you want to do with your smartphone, since many people bring in a real estate photographer that knows how to capture your home in the best possible way. This involves using the right lenses to get wide angles of rooms, staging furniture in ways that make a room look appealing, and even color correction so that the posted photos look as nice as possible. 

You'll Create Your Own Floor Plan

Many real estate listings these days include floor plans to give buyers an overview of what the house is like, which may not be communicated in photos very well. The floor plan gives exact dimensions of every room of the home so that the layout is perfectly clear. However, a floor plan is something that you are responsible for and often involves paying for somebody to create it initially.

Creating your own flat fee MLS listing is easy to do if you have the confidence and knowledge to manage selling your home, and can be a great way to avoid paying a commission to an agent. For more information about flat fee MLS listing, contact a local company like Crawford Realty, Inc.

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