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Prestige Realty & Associates Blog

Friday, March 6, 2020   /   by Dawn Schultz

Commission Rates

In a real estate transaction, the seller typically pays their agent’s commission and the buyer’s agent’s.
Who pays the agents’ commissions in a real estate transaction? Typically, the seller pays their agent’s commission and the buyer’s agent’s as well. This means there’s no cost to hiring an agent to buy a home. Specifically, seller-paid commissions are split four ways: One fee goes to their agent, another goes to the listing broker, another goes to the buyer’s agent, and the last goes to the buyer’s agent’s broker. If you have any questions about how commissions are split, don’t hesitate to reach out to me. ...

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Tuesday, February 18, 2020   /   by Dawn Schultz

Take Care of These 4 Essential Tasks When Moving

Here are four important tasks you shouldn’t forget about when moving to a new home.

No matter how carefully buyers do their homework, certain tasks on the home buying to-do list fall through the cracks. Too often, they’re so excited by the purchase of their new home that the little items get forgotten. To keep you from having to deal with a potentially stressful situation, here is a list of essential tasks you shouldn’t forget:

1. Check your new city/area to see if your bank has a branch nearby. If not, you may need to switch banks. This is especially true if your bank is regional. 

2. Transfer any medical records/needs. If you can, have your current doctor call in prescriptions to the local pharmacy in your new town. This will give you time to pick out the right doctor instead of the one who happens to be available. Also, keep your old doctor’s number for when you need paperwork forwarded to your new doctor. If you’re keeping your health i; ...

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Friday, January 31, 2020   /   by Dawn Schultz

The 5 Biggest Selling Mistakes

I’m sharing the five biggest mistakes sellers can make when preparing their home for sale.
Today our discussion is about the biggest mistakes sellers can make when selling their home. Preparing your house for the market can be a stressful process. However, avoiding these common mistakes will make your home selling process much smoother. 
1. Choosing the wrong agent. This is the biggest mistake that you can make. The right agent will get back to you promptly, be professional, and know the homes in your market. They will also be honest and straightforward, rather than simply agree with everything you say and just tell you what you want to hear. 
2. Overpricing. Price is everything when marketing your home. Even a well-priced house with lousy marketing will still sell, it just may take a bit longer. 



Avoiding these common mistakes will make your home selling process much smoother.

 
3. Failing to make simple repairs. If the dog chew ...

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Tuesday, January 14, 2020   /   by Dawn Schultz

The 5 Factors That Determine Your Home’s Days on Market

There are five main factors that determine how long a home spends on the market.

How long does it really take to sell a home? 

According to Realtor.com, the average time a home spends on the market is about 65 days. However, there are five main factors that affect this number:

1. Location. How close are you to the amenities in your town?

2. Price. Pricing your home appropriately plays a big role in determining its days on market. 

3. Inventory. What’s it like in your area? How are supply and demand? When supply is down, the days on market decreases. 

4. School districts. This factor is especially important for buyers with children. Many of them research the schools in the area they’re buying in to see how they rank. 

5. Condition. Right now, buyers are looking for more move-in ready homes and fewer fixer-uppers.  

As always, if you have questions about this or any other real estate topic or you’re thinking of b; ...

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Friday, January 3, 2020   /   by Dawn Schultz

4 Ways to Make Your Home Offer Stand Out