Newport Beach Homes – Harbor Realty

One of the most confusing aspects of selling a property in the Newport Beach area is dealing with offers and counter offers and then finally accepting a successful offer. If you use a Newport Beach Realtor to help you with your property sale much of the headache involved will be removed. However, you will still need to react to offers.

When a potential purchaser makes an offer on your Newport Beach home for sale, do not consider it set in stone. Most offers are made on the low side, and some debate is always expected. When you do receive an offer, consider how the offer was made; is it making fair comment over the valuation? Is it so low, that even after negotiation will still see you selling below your asking price? Consider whether you are in a buyers or sellers market as well.

If you feel there is room for negotiation, you will make a counter offer. This could simply be a request to raise the value of the offer, or it could include some more complicated issues such as pledging to repair something that has been found faulty, or even offering to share some of the costs of purchase with the buyer if the offer is increased.

Once you have received an offer you feel you can accept, and then simply let your buyer know, usually via your agent, that you are willing to go ahead with the sale. Again, if you are using the services of a Realtor at Harbor Realty, we will handle the subsequent paper work for you, alleviating much of the stress involved with the pre-sale process.

Sometimes it can be very hard to set the price of your home when you decide to put it up for sale. This can be especially true when you have lived in the same hose for many years, we tend to attribute monetary value to our sentimental value and value our property incorrectly.

If you are thinking of selling a home in the Newport Beach area, you should consider taking advantage of the resources available at Harbor Realty. We have whole range of information and tools which can help you come up with a proper valuation for your property.

Ask for a Competitive Market Analysis (CMA). In simple terms, this is a professionally produced report that will analyze property sales and purchases in your area, which can be used to deduce a true valuation for your property based on recent market statistics. Harbor Realty, or one of our Newport Beach Realtors, would be able to arrange one of these for you, and it could stop you from undervaluing your Orange County property or setting the price too high; two mistakes that will cost you either way.

You may also like to check out any planned improvements to your local neighborhood. If these are due for completion before you expect to sell your property, then they too could positively affect the value of the house you are trying to sell.

Our best advice is to utilize the services of a professional Newport Beach Realtor to help you gauge the true value of your Orange County home before you place it on the market.

If you are serious about purchasing a new home in Newport Beach, the first step will be to get your existing home on the Orange County real estate market. Of course, in order to sell your home there are many things to be considered such as the value of your home. Often, homes in Orange County are sold at a significantly lower price than they could have been sold for had some simple and cost-effective solutions been implemented. Below are a few tips designed to add value to your existing home before putting it onto the Orange County real estate market. These tips will help you secure a higher sales price adding to the amount you are able to put towards the purchase of your next home.

Exterior – A simple and cost effective way to make a property more attractive in the eyes of homebuyers, and thus allow you to raise the asking price, is to give the exterior a coat of paint. If you did this only a couple of years ago it may already be in good shape. Ask one of our Newport Beach Realtors for advice!

Garden – Get rid of any old littler lying around, we all tend to hold on to broken lawn cutters, old children’s toys and other paraphernalia that we ignore because we see it all the time. Clean up your garden, remove the junk and help your home look the best it can. Even if you don’t have a green thumb your local gardening center can give you advice on what plants can add beauty and withstand harsh conditions at a low cost to you.

Interior – Much like the garden, remove the clutter, keep everything tidy and clean, and make sure that somebody viewing the house sees it at its full potential. Remove unnecessary items from kitchen and bathroom counters, put your laundry away, and keep the floors spic and span! It’s also a good idea to paint the interior of your home if it’s been more than a few years. Save money by painting yourself!

Negatives – Do not try to distract from negatives such as rotten woodwork by trying to hide it, nothing is more likely to plant suspicion in the mind of a potential purchaser than badly hidden problem areas. If the problem is costly and you are unable to fix it before the purchase be sure to disclose this to your Newport Beach Realtor.

So there we have it, some simple tips to help you get more for your property. Remember to always try and be honest and forthcoming with anybody viewing the house. They will no doubt take out a professional survey before they make an offer, so no point hiding the truth.

There is an old saying, nothing is for free, and this is true of the Orange County real estate industry as much as any other. Due to the relatively high value of Newport Beach real estate transactions, it may be useful for you to understand why a commission is paid and to who, when buying or selling your Newport Beach home.

Newport Beach Home Sellers

If you use the services of a professional within the real estate industry, such as a Newport Beach REALTOR®, you will be expected to pay for their services as a home seller. Your Newport Beach REALTOR® will receive a percentage of the commission received by the brokerage, typically 3%-4%.

Always try to remember that it is in the best interest of your Newport Beach REALTOR® to make sure your property deal is handled professionally and quickly. The cost of advertising your home during the search for a buyer is handled completely by your REALTOR®.

While some will still operate upon a flat fee the vast majority of Newport Beach REALTORS® work on a commission basis. REALTORS® paid a flat fee generally do not take care of all of the details of the selling process for you such as advertising. It is then your own responsibility to advertise your Newport Beach home for sale within your own advertising budget. This can be quite the headache for the inexperienced. What you save by using a flat fee Realtor is essentially used to advertise your home anyway. The services you receive from flat fee REALTORS® will vary from agent to agent. Whereas the services you receive from a REALTOR® paid by commission will not fluctuate. You’ll receive the full service of your REALTOR® from start to finish.
As a seller, it is generally in your best interest to utilize the services of a Newport Beach REALTOR® paid by commission because they will handle all the details of the home selling process for you.

Newport Beach Homebuyers

As a homebuyer it is always in your best interest to use the services of a REALTOR® to help you find homes in Orange County. However, it’s not a bad idea to start your search for that agent and home online. Becoming familiar with Orange County real estate markets such as Newport Beach will give you a good understanding of the current market conditions helping you find a neighborhood that is suitable for your family in price and amenities. As a buyer, the commission of your agent is paid by the home seller. This leaves no reason to not utilize the services of a professional Newport Beach REALTOR® who can properly guide you to the city and neighborhood that is most suitable for your family.