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Thinking About Selling Your Home Yourself?
Welcome > For Sellers > Thinking About Selling Your Home Yourself? ...

There's More to Selling Your Home than a "For Sale" Sign In Your Front Yard: Beware. 

Even if a simple sign in your yard did produce a buyer knocking on your door, how will you handle the following questions: 

"How does your home compare to others like it in Minneapolis, Prior Lake and Savage?" 

"How did you determine the fair market value of this property?" 

"What about financing? Can you help?" 

"If I make an offer, who will draw up the paperwork?" 

"Why aren't you using a real estate agent? Is there something wrong with the property?" 

"Since you aren't using a real estate agent, we can take their fee right off the top, right?" 

Selling your home is one of the most important financial transactions you will make in your life. Don't take risks. Selling your home is nothing like selling a car. Every home is different, and every homebuyer wants to offer you as little as possible. How do you determine the real market value? 

Almost all homes are sold using a real estate agent. As top real estate professionals, it is our job to help you negotiate with all those buyers who want something for nothing. Not to mention preparing your home for sale, marketing it locally in Minneapolis, Prior Lake and Savage and even nationally, and guiding you through the complex paperwork and pitfalls of escrow and closing. Make sure you are really ready to handle all of that before pounding that sign into your front yard. Errors can be extremely costly. 

Remember: Buyers want to offer you as close to nothing as possible! While that "For Sale By Owner" sign might sound like a good idea, it usually means a different thing to buyers: "Try to steal this one." 

If you must sell your own home, at least let us give you a sense of its true market value. Tell us a bit about your home, and We'll do a quick Comparative Market Analysis and let you know what we feel it is worth. We'll also describe, as experienced, top Minneapolis, Prior Lake and Savage real estate agents, how we would market your property. This is free, with no strings attached. 

Don't price your home by yourself! It's our job to analyze the Minneapolis, Prior Lake and Savage market and determine the true value of your property. It's FREE and without obligation... 

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Real Estate Tips
Insurance >Hazard Insurance

Are you considering taking out hazard insurance on a property before you actually take title? It may be a good idea!

Even though you are not yet the owner of record, as the buyer, you have an insurable interest in a property the moment that you and the seller execute the sales agreement. As a matter of practice, however, buyers do not usually take out insurance until the papers change hands, and it should not be necessary if the agreement of sale is properly executed.

It is very important to both parties that the agreement states that the property will be insured for a specific amount. From the buyer's point of view, an adequate sum must be stipulated, and the agreement should not read "as now insured", which can indicate that the seller may not want to increase the insurance.

As a general rule, the amount of insurance on the buildings on a property should equal the sales price, less the value of the lot.

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Real Estate Trivia
Q 
What is a Balloon Mortgage?

A 
A balloon is a short-term mortgage which requires the entire balance of the loan to be re-paid at the end of the loan term.
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Gores Real Estate Team, REALTOR®, real estate agent and broker for Minneapolis, Prior Lake and Savage, Minnesota home listings, property and land for sale - NUMBER1EXPERT(tm)

Gores Real Estate Team
Edina Realty

14198 Commerce Ave NE
Prior Lake, MN 55372
612-201-5447
Fax: 952-447-4735
MarkGores@EdinaRealty.com

Mary Gores was licensed in 1982 and since 1986 has been associated with Edina Realty, one of the nation's premier real estate companies. She is a consistent top performer and has been awarded membership in the Leadership, President's and Master's Circles of excellence. She has many times been named a Super Star Agent by Mpls/St. Paul magazine. She holds the GRI, CRS, 55+ and ePro designations. Mark Gores joined in the business following his graduation from the University of Iowa in 2004. Mark's high energy, technology background, sales skills and creative entrepreneurial spirit quickly earned him the respect of his clients. His Young Voices column in the local newspaper provides an additional outlet for his sense of humor and has attracted community-wide attention. Mark also has been named a Super Star Agent and holds the ABR and ePro designations.

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