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Q&A with Laura Weaver:

We are planning on “buying-up”.
What is the process for selling and buying?
The first step is for me to do a full appraisal on you home. I do a “two-step” appraisal:

Step 1: I come through to look at your home and ask questions concerning the age of the major components (roof, furnace c/a etc.), the taxes, when your made major improvements (update kitchen, new windows. etc.), and I’d like to see your plat of survey. This appointment takes 20-30 minutes. 

Step 2: I return with the appraisal which will accurately estimate what your home is likely to sell for, and a suggested listed price. This appointment takes 45-60 minutes.

Once you know what your home will likely sell for, you need to speak with a mortgage professional to determine what price range you qualify for. I always suggest that you get pre-approved for a mortgage, possibly “non-contingent”.

You must have a strategy when selling and buying. Using your “selling position” to strengthen your “buying position”. I can counsel you on your choices.

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What expenses are involved in selling a property?
The basic expenses for a seller are: title search fee (always ask your attorney who orders “title”, for the cheapest policy; survey ($300-400); taxes for the time that you owned the property (in Illinois we pay taxes on a year after use), state, county, and local revenue taxes ( this differs from town to town); attorney fee($390-450); real estate brokerage fee( I offer a variety of fees).

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I am planning on selling my home in the next year. What can I do that will add value?
I offer 3-4 seminars each year and spend a large amount of time on that exact subject. The “bottom line” is, go thru each room and remove clutter - keep neutral, clean, and bright. Put special effort into the front door area, kitchen, and bathrooms. Call or email me with your name and address and we will be sure to let you know about our next seminar. I am also happy to make an appointment with you to stop by, and offer suggestions. I want to help you!

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When is the best time of year to sell?
Honestly, anytime….there never seems to be enough inventory of nice homes. Here is how a “normal” market year works: end of February to Easter, is the busiest time of year; Easter to mid June is good; mid June to mid September is slow; mid September to mid November is good; mid November to mid February is slow. That’s a typical year. During the slow times, there isn’t much good inventory so that can work in your favor, although there are fewer buyers.

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How about your commission? 
I am my own business so I control my commission. I give a good discount if I sell your home myself, and an additional discount if you are also purchasing through me. I honestly earn a lot of my commission back through aggressive pricing, and especially through my negotiation skills once you have an offer. That’s where I really shine!

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© 2000 - 2012 Laura Weaver, Re/Max Unlimited Northwest - Palatine/Inverness and Barrington/Lake Zurich
 

(847) 508-8802 (direct), (847) 202-1569 (fax), (800) 991-9358 ext 258 (toll free), realestate@lauraweaver.com