Utah Real Estate #13: Are You Really Prepared To Sell Your House?




Patrick Wiscombe show

Summary: (http://www.patrickwiscombe.com/images/subscribeinitunes300x38.jpg)(http://www.patrickwiscombe.com/images/patrick4.jpg) In this edition of the Utah Real Estate Podcast (http://patrickwiscombe.com/category/utah-real-estate-podcasts/), we talked about: * Are you really prepared to sell your house on your own? * What is your home worth? * Utah is a non-disclosure state * Are you making an offer or are you asking? * Professional performance vs. going it alone * Are they buying or getting decorating ideas? * Can you pre-qualify your buyer? * Are you too close to the situation? * What happens if your home doesn't appraise for the selling price? Press the 'PLAY' button to listen to Utah Real Estate #13: Are You Really Prepared To Sell Your House? --------------------------------------------------------------------------------------------------------------- YOUR CALL TO ACTION If you're looking to buy or sell a house in Utah, please call or text me (Patrick Wiscombe) at (801) 602-5850. --------------------------------------------------------------------------------------------------------------- Cool Voice Guy: Information you need, the podcasts you love, this is the patrickwiscombe.com podcast network. Cool Voice Guy: It’s real estate news you can use, this is the Utah Real Estate podcast, giving you free expert advice, and tips if you’re looking to buy or sell a house, and now, here are your hosts, Roger Zundel and Patrick Wiscombe Patrick Wiscombe: The Utah Real Estate Podcast is brought to you by Weichert Realtors at the Rockies. If you are looking to buy or sell a house in Utah, please call Patrick Wiscombe at area code 801-602-5850. That number again area code 801-602-5850. Patrick Wiscombe: It’s the Utah Real Estate Podcast, my name is Patrick Wiscombe. Coming up on today’s edition of the Utah Real Estate Podcast; you’ve seen the signs in the yard, for sale by owner. You’ve tried to perhaps buy a piece of property on your own and I realize that we are in the realty business. Most people think, “Ah I can do it on my own!” But are you really prepared to sell your house on your own? Joining me for the podcast this morning is Greg Hales, the Commercial Real Estate Manager at Weichert Realtors at the Rockies in American Fork, good morning. Greg Hales: Good morning Patrick. How are you again this morning? Patrick Wiscombe: I’m doing well. Let’s get into this particular topic. Are people really prepared to sell a piece of property on their own but why are some of the reasons why people should not consider selling their house on their own? Greg Hales: There’s one question that every home owner wants to know, what is my home worth? Well, they’ll call the Jones’ down the street or the Smiths’; they’ll look up on a realtor, what are you asking for their home, what are you listing your home for? That is not a good indicator of what your home is worth. Your home is worth what a willing buyer will buy your home for and a willing seller will sell your home for. Now, Utah is a non-disclosure state. I don’t want to use too many terms you are unfamiliar with, but non-disclosure means when you record your deed or your sale, you are not required to disclose it publicly. California is a disclosure state such as they use that for the tax basis. It’s a very good system but not to get bogged down in it. Knowing what your home is worth, you need to know what homes sell for. You do not have access to that. You do not have access to the Multiple Listing Service. You do not have access through the County Recorder’s office; it does not tell you what homes sell for so what is your home worth is critical to know how much you can list it for. Patrick Wiscombe: If someone makes an offer on your house, you could sell it for a lot less than what you could sell it for. Greg Hales: Absolutely. Absolutely, it doesn’t matter what people list things for,