Bob Evans Realty: For Sellers

Request Information

If you're looking to sell, ask for more information to quickly get your property to market

Why Do You Need A REALTOR®?

Having an expert on your side is critical. Why? Well to begin with, the real estate world is complicated and in most cases, buying or selling a home requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multi-page government-mandated settlement statements. That’s a lot of difficult paperwork and a knowledgeable guide through this complex transaction can help you avoid delays and most importantly, costly mistakes!

Also, buying or selling a home is time consuming and even in a strong market, homes in our area stay on the market for an average of 131 days. Don’t forget that it usually takes another 60 days or so for the transaction to even close after an offer is accepted.

Real estate has its own language. If you don’t know a CMA from a PUD, then it’s crucial for you to work with someone who does, namely a REALTOR®.

Keep in mind; REALTORS® have done it all before. Most folks buy and sell only a few homes in a lifetime, usually with quite a few years in between each purchase but REALTORS® do it all the time and thankfully are up to date on any and all laws and regulations changes that you may not be.

And finally, a REALTOR® provides objectivity. Our homes symbolize family, rest, and security, they’re not just four walls and roof. That’s why home selling or buying is often a very emotional undertaking and for most of us, a home is the biggest purchase we’ll ever make. So it’s in all of our best interests to have a concerned, but objective, third party to help keep us focused on both the business and emotional issues that are most important when entering the complex Real Estate world.

Now For A Few Choices That Will Affect Your Loan.

Mortgage term: Mortgages are generally available at 15-, 20-, or 30-year terms. The longer the term, the lower the monthly payment if the same amount is borrowed. However, you pay more interest overall if you borrow for a longer term.

Fixed or adjustable interest rates: A fixed rate allows you to lock in a low rate for as long as you hold the mortgage and is usually a good choice if interest rates are low. An adjustable-rate mortgage (ARM) is designed so that interest rates will rise as interest rates increase; however they usually offer a lower rate in the first years of the mortgage. ARMs also usually have a limit as to how much the interest rate can be increased and how frequently they can be raised. ARMs are a good choice when interest rates are high or when you expect your income to grow significantly in the coming years.

Balloon mortgages: Balloon mortgages offer very low interest rates for a short period of time—often three to seven years. Payments usually cover only the interest, so the principal owed is not reduced. However, this type of loan may be a good choice if you think you will sell your home in a few years.

Government-backed loans: Government-backed loans, sponsored by agencies such as the Federal Housing Administration (www.fha.gov) or the U.S. Department of Veterans Affairs (www.va.gov), offer special terms, including lower down payments or reduced interest rates—to qualified buyers.