Escondido Real Estate

WHY NOT SELL YOUR HOME YOURSELF?

On the surface it might it might seem cut and dried that not using an Escondido Realtor will save the seller big dollars.  However, that's if you are under the mistaken impression that the Escondido Realtor simply puts the ads in the Sunday paper, and receives the commission when the Escondido home sells.  If that all an Escondido Realtor had to do, then wouldn't we all be doing it?

If you consider that prospective Buyers who look only at homes that are for sale "by owner" are looking for a double bargain.  First they will want you to deduct the commission amount from the sale price, and secondly they hope to get you to reduce that amount as well.  Home owners who handle the process themselves often don't the fortitude to deny this type of Buyer.

The cost of not using an Escondido Realtor might be more expensive that paying the commission if you consider the following:

• Without an Escondido Realtor you don't have access to market data on your street or your general area specific to your type of home.  This might result in a pricing error.   Read Also:  Should I Buy or Sell My Home Right Now?: Escondido Condos

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How Does That Affect Selling My Escondido Home?

There are many areas of the country that have not been seriously impacted by foreclosures and indeed are maintaining a somewhat sense of normality.  The old adage that the higher you are, the harder the fall holds true for many areas of the country. But if you are in one of those areas that has avoided a major crisis - then how come it still feels like we're in a housing crisis in Escondido?

Read Also:  How To Make People Want To Buy Your Home: Escondido Homes

Escondido Sellers are confused as to why their home is still sitting on the market in spite of the fact their local area is holding steady.  There could be several reasons for this confusion, including:

• Past History - The years of excellent home appreciation and the rush to buy by both family homes and investment property caused a sellers market.  We all assumed that when we went to sell our home that the same would apply to our situation, and that our home would sell for a good price and sell quickly.  The key is we are now in a Buyer's market and it is not unusual for a home to be on the market for a longer time in such a market.
• Pricing Strategy - In this market you cannot afford to price your home too high based on your "feeling" of what the market will bear.  Current Escondido market information must be taken seriously and you have to rely on those numbers.

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Why Selecting an Agent is so important

It is crucial that Foreign Investors do everything possible to insure that all aspects go smoothly in an Escondido Real Estate transaction. One of the most important ways to make sure of a seamless transaction is for the Foreign Purchaser to enlist the aid of a Buyers Agent.

What is a Buyer's Agent

Overseas, Buyers Agents are not as prevalent as in the US. Without a Buyers Agent there can be confusion and angst when Foreign Buyers enter into the Real Estate market in the US. Both the Listing Agent and the Buyers Agent have the same qualifications and licensing. They differentiate in that the Listing Agent represents the seller while the Buyers Agent represents the buyer exclusively in all negotiations and contractual issues concerning the purchase of a property.

Read Also:  How To Get A Good Deal On Escondido Condos

The following are some of the advantages of utilizing a Buyers Agent:

• There is no additional expense to the Purchaser when they decide to engage a Buyers Agent.
• The existing commission fee will be distributed equally between the Buyers Agent and the Listing Agent.
• Without a Buyers Agent, the Listing Agent commands the entire commission. 
• The Buyers Agent is the exclusive representative of the Purchaser. In cases where the Listing Agent is the only Real Estate representative they will represent both parties, which might lead to some conflict.
• The Buyers Agent will take the extra effort to show prospective Buyers properties that that fit the unique requirements of the Buyer.

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Updates In Investment Property Lending Requirements

Legal updates for Escondido property investors went into effect in July of 2008.  Just last year investors could avail themselves of sub-prime loans with little or no money down, or opt for conventional loans that required as little as 10% down.

Read Also:  How To Find a Good Mortgage Rate: Escondido Homes

As we all know, the sub prime market is now almost non existent.  As for the conventional arena, Freddie Mac and Fannie Mae now required a down payment of at least 20%.  The tremendous increase in foreclosures impacted the real-estate market resulting in a financial crisis for the insurance industry.  As a result they are not willing or able to absorb additional risk by providing required insurance coverage for the investment market.

Read Also:  Buying Rental Properties: Escondido Condos

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How To Find A Cleaning Service For Your Escondido Condos

Keeping your Escondido California condos clean and tidy can be a never-ending chore that consumes much of our free time. If your life seems to revolve around mopping floors, vacuuming, dusting and changing bed linens, hiring a cleaning service may be the solution to keeping your Escondido condos in pristine condition.

Maid services, staffed by trained professional house cleaners, are available in a wide variety of options including:

• Regularly scheduled weekly cleanings
• Regularly scheduled biweekly cleanings
• One-time assistance on special occasions
• Demanding cleaning tasks such as garage or basement cleaning

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