Property listings can often times be very confusing to buyers; especially if it is their first time buying a home. There are some aspects that a buyer can look at on the beginning of the listing to see if they even want to consider reading further. Below are some guidelines to help get the most out of a property listing.
On the alternate side, real estate listings can also be a great tool for sellers because it gives a chance to get the actual properties out there for buyers to see. It also gives an opportunity to look at the market and see where your property lands.
If I am a Buyer:
- Get to see a snapshot of what the market has: This is a great general overview of what you can expect to pick from when committing to getting a home.
- Compare price ranges on certain types of homes: This will allow you to determine what kind of home you need to be looking for. Whether or not you will be able to afford the 4 bedroom you wanted versus the 3 bedroom home you needed.
- Will know how long the home has been up for listing: This is a great tool to help you negotiate the price. The longer a home has been listed, the more eager the seller is to get it moved. Although this is not always the case, it is the general case.
If I am a Seller:
- Get the product listed: this will be shown to any person or persons looking to purchase a home in the general area.
- Evaluate the market: Will allow you to assess what range in price you can offer your clients as a listing amount. This is a great advantage because you can place the amount just right between homes to have a competitive price edge.
For both, it can be a way to evaluate a property without even going to it. This will save gas, time and money in general. You should be able to determine the neighborhood, location and whether or not the home is even worth the trip just by the listing. A disadvantage to some who list is the fact that you get a lot of lookers. These people have no intention of even buying, but rather, they would like to look at the home. This is a waste of time and resources.
Be aware, however, that listings online might not be that up to date; especially when the market is moving at a fast pace. The best way to ensure a property is still available is to contact the listing agent and ask for more specifics. They will be able to tell you right away if the property you are looking at is still available.
After you have found a property online and researched it, if it still looks good, go visit the actual property. Even though online listing are great, you still might find the occasional home that is in poor condition or maybe even features that are bad that lay beneath the surface.
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