‘Seller Sabotage’ Can Affect a Las Vegas Home for Sale

If you’ve listed your Las Vegas home for sale this summer, no matter what your future plans may be, they won’t get under way until Job One is accomplished: turning your front yard ‘Home For Sale’ sign into one that reads ‘Sold!’ That’s why the last thing you need is to inadvertently hinder the sale yourself. There are a few traps that sellers can easily avoid, so if you plan to list your home for sale in Las Vegas this summer, it’s important to be aware of two of the most common ones:

Hanging Around

Real estate is at least partially an emotional affair. When the seller is right there hovering during a showing, his house remains just that – his. You want your potential buyers to linger — spend time imagining themselves in the place — rather than feeling like they are intruding on someone else’s turf. So relax; let your agent point to the special features you think should be highlighted. You’ll be free to take an hour or two for errands in town.

Limiting Showings

It only takes that one prospect to fall in love with your home and make a successful sale. But if that one party isn’t able to see your property, everyone misses out. The key is for your place to be available during the time when they are free to be out searching Las Vegas’ homes for sale — and that may be Tuesday morning or Saturday afternoon. The more serious you are about selling, the less stringent your requirements for advance notice should be. 

Of course, your agent will always agree to a reasonable set of hours. For instance, any time Monday through Friday from 9am to 3pm with an hour’s notice; weekends between 10am - 5pm with two hours’ notice. The fact is, truly determined sellers very rarely require 24 or 48 hours’ notice. Those can be effective deal-squelchers!

Selling homes in Las Vegas — working with you to attract top dollar for your property — is what I’m good at. Call anytime to discuss how we can work together to get that ‘Sold!’ sign planted in your front yard!

Marcelo V. Mayol

The Mayol Realty Group

Realty One Group

702-812-9990

MarceloMayol@yahoo.com

www.VegasHomesDistress.com

www.ShortSaleInfoLV.com

FSBO Conundrum: Can I Still Use My Real Estate Agent?

According to the National Association of Realtors, last year there was a 14% decline in the number of For Sale By Owner (FSBO) properties. Despite that decline, FSBO properties are still available in Las Vegas – and in an inventory-challenged market, you might find one of them is a pretty tempting buying opportunity. 

But here is where caution is warranted — and where you may be amply rewarded by seeking a Las Vegas buyer’s agent to represent you. There’s more than one reason why:

FSBO owners may, er, hide things

It can be tempting for FSBO sellers to cover up problems that would have been picked up if a seller's agent had been involved. By using an experienced buyer's agent, you stand a much better chance of identifying those common problems. A qualified inspector (your agent will recommend a good one) can help you spot the more well-hidden ones.

FSBO properties usually cost more!

Statistics bear it out: it’s estimated that FSBO properties can cost 10 to 20% more than those listed via real estate agents. Owners in Las Vegas just tend to overestimate their property's worth and selling potential. And without the counsel and guidance of a real estate professional, sellers usually establish a stronger emotional attachment to their first listing price. The presence of your buyer’s agent (with a notebook full of comps) is sure to power up your negotiating stance!

Legal issues

One of the main reasons to team with an agent is the plethora of legal issues that are interwoven with residential real estate sale transactions. By using an agent, you stand to identify any contractual mishaps before they are executed — and well before costly repercussions materialize. Since many owners who take the FSBO route in Las Vegas are usually short when it comes to real estate transactional expertise, there may be required disclosures and important paperwork that they have missed. You don’t want to find that out too late.  

If you wind up seriously eyeing a Las Vegas FSBO home this summer, save future headaches by including your buyer’s agent commission in your offer. More questions? I’m available for consults this week!

Marcelo V. Mayol

The Mayol Realty Group

Realty One Group

702-812-9990

MarceloMayol@yahoo.com

www.VegasHomesDistress.com

www.ShortSaleInfoLV.com