4 Tips for Buying or Selling in the 4th Quarter - Think RE*Link: San Gabriel Valley Real Estate

Posted by | December 13, 2012 | Features, News | No Comments
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There are several reasons why you should consider buying or selling property at this time of year. Traditionally, most people think the holidays are not a good time and prefer waiting until after the first of the year. However, this time of year is perfect. The last quarter of the year is advantageous to buyers and sellers because it is not as competitive as the rest of the year.

Prepare in Advance to Make a Strong Offer

If you are a serious buyer, now is the time to buy a house. As a Realtor, I suggest you bring these items to the table when you make an offer: A pre-approval letter, proof of funds, a check for the initial down payment, and your FICO scores. If you don’t have top notch FICO scores, it may be best to exclude them from the offer, however, if you’re a buyer with good FICO scores, always add them to the offer as it only makes it look stronger.

 

Include a Personal Letter with Your Offer

One of the most important things a buyer can do is let the seller know why you want to buy this property. Write a heartfelt, personal letter as to why you want this exact house. Are you looking for your first house? Will you care for it the way they have over the years? Perhaps you want to move into that particular city because of the school districts and are excited to raise your children in that neighborhood. Your Realtor can also include a letter to both the seller and the listing agent to help convince them of your sincerity in your offer.

 

Take Advantage of the Current Amazing Interest Rates

On the seller’s side, now is the best time to sell your house at top dollar in the least amount of time, because of the low inventory and the current amazing interest rates. For example, if you are a seller that bought property between 2005 and 2008, while you may not get back what the property was worth at its peak, you may be able to break even. It is possible to find a property at a better value with a much lower interest rate, which is all to your advantage.

 

Market Your Listing Online

Sellers, make sure you do two things: Please have professional photos taken of your property. The second thing you should do is have video taken for a virtual tour of your house. Doing both will showcase your house the best online. Pictures are what nearly everyone sees first.

The average age of buyers and sellers inCaliforniais 35 years old. So who do you want to market to? If you want to market to that particular age group, they are on YouTube, Facebook, and Twitter. I myself am a featured agent on Zillow and Trulia, and that’s where we get quite a lot of our leads.

How will a seller choose from different offers? How do you pick between three offers of the same amount? Will the buyer that writes the heartfelt letter to the seller have a greater chance? A knowledgeable Realtor can guide you to produce, or accept, the best offer. Every little bit of effort makes a difference.

About Ryan Asao

Ryan Asao is a Monrovia real estate agent and founder of Think RE*Link. Ryan currently serves as President of his local BNI and Toastmasters chapter and is a board member of the National Association of Hispanic Real Estate Professionals - MSELA Chapter and Mt. San Antonio College Foundation. He is also President Emeritus of the Arcadia Association of Realtors. When he's not working, Ryan is deeply involved with the activities of his family, volunteering with local schools and soccer organizations.

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