Helpful Information For Sellers in Santa Clarita

When you sell your property, there are no guarantees that a buyer will walk through your front door. You need to take certain steps so that your property gets the maximum exposure and attracts ready, willing and able buyers. Effective marketing, with our help, will ensure that your home is sold at the best price and in a timely manner.

We’ve included some articles that will be helpful to smooth out your sale. Please feel free to download and read any of these that you find of interest.

Articles for Sellers

The Risks of Remodeling Your Property Without a Permit.

What You Should Know About Before Your Property Is Inspected.

The Comparative Market Analysis: What It Is and Why You Need One.

Getting The Most Money from The Sale of Your Property

View a video to see how differently Margo markets your property.

The Risks of Remodeling Your Property Without a Permit

It’s likely that your community requires you to obtain a building permit before making changes or modifications to your property. The requirements for a permit vary from city to city. To get a permit, you or your architect must file plans with your city’s planning department.

Inspections are usually required and the process of scheduling appointments with the inspector can be time-consuming. Be sure not to skip this process. If the inspector finds that the work has not been done according to code, you may be required redo some or all of the work. Also, you must disclose non-permitted work to a buyer. Without the appropriate permits, you may be forced to discount the sale price of your property of complete costly and/or time-consuming repairs before you will be allowed to transfer title.

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What You Should Know About Before Your Property Is Inspected.

Most people are willing to do everything they know of to prepare their home for sale. These things include ordering various inspection reports before putting their property up for sale and making repairs that they know are needed. Sometimes, a seller will even complete major repairs on the roof, replace carpeting or flooring, and repaint the exterior and/or interiors to bring the property to marketable condition.

With your property looking well-maintained, attractive, and well-priced, you’ll likely receive one or more offers during the first couple of weeks that your home is on the market. But, here’s where challenges might comes in. Should a home inspector find problems that you weren’t aware of, you may be looking at additional repairs, perhaps even for repairs that you thought were completed correctly.

Note: Building codes change periodically. You might have completed work some years previously, but if the codes have changed, you may be required to make additional repairs. Also, since opinions regarding the remedies for certain situations are subjective they may vary between different contractors. Here are some examples where “repair or replace” issues might surface:

Windows with dry rot – Repair or replace

Shower with mold or mildew – Repair or replace

Shake roofing – Repair or replace

Heating and Air – Repair or replace

Bottom Line: It’s always best to get 2 opinions when there is a suspected problem with your property.

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The Comparative Market Analysis: What It Is and Why You Need One.

The Comparative Market Analysis (or CMA) provides data that compares your property to similar properties in the neighborhood.

The first thing your real estate agent needs to do to give you a CMA is to inspect the property. Usually, this inspection isn’t overly detailed. Your property doesn’t need to be clean and open-house ready, but it should be tidy enough so that the agent can make an reasonable assessment of its condition and value. If you are planning to make changes before selling, this is the time to inform the agent

Your agent will then obtain comparable data on other properties, usually through the Multiple Listing Service (MLS). The report will give your agent an idea of the value of your property.  The CMA is performed before your property is placed on the market. CMAs are helpful both for you and your seller or buyer to determine the value of a property. They are also helpful when you’re trying to decide if making certain improvements, for example a new bathroom or kitchen remodeling, can benefit your situation or in some cases, “over-improve” your property.

Please note: A CMA is not an appraisal. Only a licensed appraiser can perform the final appraisal.

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Getting The Most Money from The Sale of Your Property

Unfortunately, unforeseeable issues sometimes pop up just prior to closing. Hopefully, you will be able to negotiate a workable solution, but this is not always true.

By calmly negotiating and considering all possibilities, a "deal breaker" can become a win-win situation between both parties. In other cases, the deal might be called off.

To protect yourself against last minute problems, after all known defects have been fully disclosed, be sure your contracts close as many loopholes as can be anticipated.

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