Hi! I would
like to talk with you a bit about the "selling process." Selling a
property, whether it be a single family home, acreage, townhome, land, commercial
land/building, condo, etc., requires a marketing approach unique to that property - and -
the Seller Client. The Outer Banks marketplace has developed over the years
with mostly "Custom" designed / built structures. Most metropolitan areas
develop (especially single family) with "tract" housing developments.
The Outer Banks is unique in that the Homes are custom built, and the
"Location" can vary tremendously.When a past Client, or potential new Client,
contacts me to discuss the sale of their property, I like to learn as much as possible
about the property from the initial conversation, and then I like to discuss how I will go
about the process of providing a Market Analysis for the subject property. To
provide someone with a Marketing Plan requires a thorough analysis of the property and the
market. This involves inspecting the subject property (taking measurements,
noting any deficiencies, checking zoning, etc.); analyzing properties with similar
features which are "For Sale," "Under Contract," "Expired,"
and recently "Sold." Location and Views make a significant
difference and are a major consideration with the analysis of any property in our market.
Once I have completed the "Analysis" portion, I then create a Marketing
Proposal ... what I like to call my ... **** 5 Star Marketing Plan.
Within the presentation, I cover all aspects of the marketing process - including
Advertising (MLS, Outer Banks HomeTour Real Estate Magazine, this WEB SITE, and more!);
touch on the benefits of the For Sale Sign and Electronic Lockbox system; discuss the
average Number of Days it is taking similar properties to sell in the market, and the
"Average" difference between the "Asking and Selling" prices in the
market.
The next step would be to discuss the results of the Analysis as to the "Maximum
Market Value" of the property based on present conditions. This would consist
of a "Low to High range" of value/price. NOTE: It is the Seller
Client who decides what price to place on the property. My goal is to provide
a thorough analysis of the property/market to include a recommendation as to the value
range/asking price. Ultimately, it is the Buyer, along with the Seller, who
together will decide at what price the property will be sold. Along with the
recommended value range, I will provide you with a "Breakdown" as to all of the
typical expenses of sale (this is generally based on a price that is in the middle of the
proposed range). From this you will be able to determine the "Bottom
Line" - approximately. This breakdown of expenses will be provided with
the presentation of the Market Analysis, and then again based on the offer price of any
subsequent Purchase Offer.
In addition to providing you with the paperwork necessary to authorize me to begin the
Marketing process (The Exclusive Right To Sell Listing Agreement), I will also provide you
with the necessary property disclosure forms, and of course, discuss Agency (of which
there are basically 3 types ... Seller Agency, Buyer Agency, and Dual Agency).
It is not unusual for a property to take 6-9 months (or longer) to sell in our market.
I have some properties that I have been continuously marketing for more than
1 year, and I have others that I have sold in their first week on the market!
Due to the nature of our Outer Banks market ... mostly 2nd homes, rental investment
property, and with businesses supported mainly through tourism (no industry) ... we are
unique from any metropolitan area.
Once we have begun the Marketing process, I will keep you posted as to any serious
inquiries. We will have specific arrangements as to how the home will be shown
(notification of showings, required notice, appointment if required, etc.)
Upon receiving a purchase offer - we discuss it thoroughly from top to
bottom. We will discuss each aspect ... amount of earnest money, closing date,
price, financing conditions, home/land inspections, and any additional provisions, etc. to
determine their benefit to you. Once you have entered into a
"contract" with a Buyer, I will assist you with the process of moving toward
settlement (help you select a closing attorney, provide you with a list of local utility
companies, coordinate any inspections, discuss any repairs that may be requested by the
Buyer, make sure the paperwork is right, etc.)
Remember, I have completed all of the above without compensation. I earn my
Brokerage Fee upon the closing/settlement ... I have every vested interest in your
success. Your success is my success!
I have always said that I am in for "the long haul!" I have
enjoyed working with so many people over the years. Some I have assisted
multiple times as they either increase, decrease, or trade their real estate investments,
move into a larger home for their family, smaller home as the kids are grown and assisted
their Adult Children with the purchase of their own homes. I have worked with
some folks whom I have never met face to face ... we did everything by phone, voice mail,
E-mail, Fax, etc.
I have enjoyed working with friends and family of past clients who referred me to them.
There is one Couple, now dear friends, who have referred me ... many, many
times. At last count, over the past 18 years, it has translated to 14
transactions! I attribute this to my desire to provide the very best service
to my Client (plus I'm a pretty nice guy too!).
If you are interested in SELLING an Outer Banks property, please either
complete the form below and click
on the send button or contact me directly at 800-344-4892, Ext. 226.
I will respond in a timely manner to your request and would appreciate the opportunity to be of assistance.
Thank you!
SANDMAN Team OBX