(Updated: March 4, 2022)
Franklin D. Roosevelt, one of the greatest United States statesmen, once said, “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with responsible care, it is about the safest investment in the world.” This longstanding adage has motivated people to invest in real estate to become property owners. When it comes to selling your property, a necessary process known as the listing is crucial for the sale to be successful.
A perfect real estate listing is the best deal maker for investors and realtors. Developing a listing checklist is crucial and necessary for a smooth listing process. Most often than not, rushing or delaying interferes with the chances of your property being bought. Finding a skilled and experienced real estate agent and preparing the flip to list are prerequisites for potential buyers’ acquisition of your property. Capital Fund 1 is here to help you develop a listing checklist and do the listing itself.
Preparing Your List to flip
- Listing Agreement and Disclosure Letter
- Vetting the Realtor
- Stage and photograph your listing
In preparation for your list to flip, you need to consider the availability of the Broker’s Listing agreement and Seller’s disclosure letter. A listing agreement is an agreement that gives the broker or real estate agent the discretion to sell a property. At the same time, a seller disclosure letter is a legal requirement that discloses relevant information about the property to a potential buyer. However, before signing any agreement, you need to vet your real estate agent to ensure that they are competent enough for the job.
What to Ask a Realtor Before Signing a Listing Agreement.
To know the capabilities of your realtor, you need to ask them for the following;
- Listing average days on market
- Average home price range
- Selling experience in your area and;
- Marketing plan for your listing.
An answer to these questions will help you know how competent the Realtor is to proceed with the listing. Noteworthy is that the average listing window is 45 to 66 days; nevertheless, asking about it helps you understand the agent’s marketing plan for your property. Any improvements to the property should be made clear to ensure that a proper draft of the relevant agreement(s) is made. After getting the right agent, you can sign your agreements and stage and photograph the investment to make it sell faster and for more.
Listing Your Investment
- Submit the listing to MLS
- Claim it on popular sites
While the listing process is mostly a preserve for real estate agents, it’s also prudent for you as the Investor to know the status of the property. Thus, after finding the right agent and completing the preparation for listing, you can go ahead and list the property. Before submitting your property for listing, ensure the specifications and photographs are up to date.
The first crucial step is to input your listing into the Multiple Listing Service (MLS) platform to increase its chances of reaching most prospects. MLS is a tool used by realtors to share the listing with other brokers and listing services. It is essential in generating leads for your property. MLS uses many data fields to ensure that your listing information is correct. This makes it the most crucial component of listing.
Marketing Your Investment
This is the most crucial point in real estate investment as it determines the prospect of your property being bought by potential buyers. Social media is the new normal in communication today, thanks to technology. You can exploit this goldmine by optimizing your listing to be shareable on social media. You can also make social posts on Facebook, Instagram, and other social networking sites to ensure that your property listing is shared widely. Make sure to email your listing to potential leads to increase their prospect. After proper marketing, you can begin showing your property for smooth close work with buyers and agents.
Real Estate Financing with Capital Fund 1
The listing checklist is an essential aspect of preparation for listing. Capital Fund 1 is an asset-based lender that works faster than traditional (institutional) lenders. We focus more on the property than on the creditworthiness of our clients. For loans, you can Contact Us today.
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