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Castro Valley-Real Estate 101
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Castro Valley-Real Estate 101

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This presentation covers the basic terms involved with selling a home. Clyde Nazareth, and the Castro Valley Home Team are specialists in real estate transactions in Castro Valley, California.

This presentation covers the basic terms involved with selling a home. Clyde Nazareth, and the Castro Valley Home Team are specialists in real estate transactions in Castro Valley, California.

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Castro Valley-Real Estate 101 Castro Valley-Real Estate 101 Presentation Transcript

  • 1 510.969.2848 www.cvhometeam.com Selling Your Home Series Real Estate 101
  • Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 22 Real Estate 101 • Broker • Agent • Fair Housing Act • MLS • Appraisal • Inspection • Showing Apt • Open House Real Estate Terms Refresher
  • Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 33 Real Estate 101 Real Estate Brokers and Real Estate Agents • Listing agreements are between Broker and Seller. • An Agent is a Sales Person who works for the broker. • Commission will be paid to the real estate broker.
  • Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 44 Real Estate 101 The Fair Housing Act A federal law in the United States that prohibits discrimination in housing. Protected Classes Are: • Race • Color • Religion • National Origin • Sex • Handicap • Familial Status www.hud.gov
  • Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 55 Real Estate 101 The Multiple Listing Service (MLS) • MLS lists all properties with a listing contract. • Buyer's agents will learn about your property listing.
  • Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 66 Real Estate 101 Appraisal • We will set the final asking price on your property based on this market value estimate. • Buyer's lender will require an official appraisal of the property from a licensed appraiser. • It may be different than the market analysis that we provide you.
  • Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 77 Real Estate 101 Inspection • Goal of a home inspection is to give the buyer an objective analysis of the condition of your property. • A professional inspector will typically check • Electrical systems • Plumbing and waste disposal • Water heater • Insulation • Ventilation • HVAC system • Water source and quality • Waste disposal • Pests • Foundation • Doors • Windows • Ceilings • Walls • Floors • Roof • Radon gas • Asbestos • Lead paint
  • Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 88 Real Estate 101 Showing Appointments / Open Houses • Buyers will arrange showing appointments to see your property through their agent or through me. • When a buyer is scheduled to see your property, it's best if you, your family and pets are not home. • Open House are another option. Open Houses are usually most effective on the weekends during several hours in the afternoon. • An aggressive showing schedule will help us sell your property quickly, which is our ultimate goal.
  • Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 99 Real Estate 101 Home Staging • Home staging is designed to market and sell your home in a way that's appealing to the largest buyer audience possible. Staging uses simple design principles, and may radically alter the way that your home is arranged and decorated. • Staged properties spent 67% less time on the market than non-staged properties.
  • 10 510.969.2848 www.cvhometeam.com Terms we covered…  Real Estate Brokers and Real Estate Agents  The Fair Housing Act  Multiple Listing Service (MLS)  Appraisal  Inspection  Showing Appointment  Open House  Staging
  • 11 510.969.2848 www.cvhometeam.com Selling Your Home Series