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3 Reasons you should get a valuation before selling your home in Jamaica (PT17)

Gives you an advantage: At any given time there are hundreds even thousands of properties being sold on the open-market. On average, a buyer looks somewhere between 7- 10 properties before deciding on a property.

By doing a valuation before setting your asking price, this indicates to the buyers that you’re honest. It shows the buyer that the property was actually assessed by a valuation professional who was comparing your property to other similar properties in the market and not just you coming up with a personal sentimental price. So valuation report definitely gives you an advantage.

Eliminate low ball offers: We know Jamaicans love a deal, but armed with your valuation report, you can ignore some of those low-ball offers. It would have given you everything in the property that you needed to address before putting the property on the market. If all these things are fixed then the buyers will have less grounds to negotiate your asking price. Now remember, if the property is in a great shape, priced right, you should be able to fetch multiple offers. You want a valuation report to be guided by a professional assessment of the property.

Faster sale: You know I’m going to keep it all the way real with you, right?

If the house is in a mess it’s not going to sell, it won’t even budge. I could sit on the market for months, buyers come, they look, they leave, they don’t make a proper offer and I’m sure that’s not what you want.

If your home is in the best shape, roof fixed, no foundation issues, the walls are together, there is no problem with the floor, plumbing together, updated electrical, no mold in the house…then your sale could close quickly. Remember, the longer it stays on the market the less likely you are to get the amount that you want so get your valuation report done.

Need more information? Get all the details in our free eBook, How to Buy an Apartment or Condo in Jamaica.

Need help finding your new home or office? Give us a call at +18765139222 or email me at cherine@mypowerliving.com

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Disadvantages of selling by yourself (PT16)

Here are the top 2 disadvantages of selling your house by yourself

Little to no exposure…

Do you want to sell your house quickly? Do you want to get it seen by as many potential buyers as possible? More importantly, do you want prequalified or preapproved buyers? You also want the highest and the best price, correct?
Now if your answer was yes to all of the above, then trying to sell your home by yourself may not be the best idea unless you have a very large audience looking specifically to purchase property.

Good Real Estate companies come to the table with a lot of information about what similar properties have sold for (not what your neighbors story about selling for 50 million but the actual sale price was 25). If less people see your property, then chances are you won’t get that many offers, it may sit longer on the market and you won’t have that bidding war that sellers like.

No knowledge of what is happening in the market…

The beauty about using a good real estate company is they should be able to tell you what is going on in the market. Sometimes, apartments move faster than houses or people are looking for more land. So you don’t want to place your property on the market at a time when people are not actively looking for that kind of product. That’s not information you will find in the newspaper; that’s information you will find using a good power realtor!

Your power realtor will also be ale to tell you what improvements you could make to your property to make top dollar. At the end of the day you want the highest and the best price offer for your property, right? It is always good to do your research and find a power realtor or brokerage that comes with a sizable sphere of influence and a large database of people who are pre-approved and pre-qualified. You don’t want to be in a position of starting and stopping your process and if you are trying to sell right away, you need that extra help.

 

Need more information? Get all the details in our free eBook, How to Buy an Apartment or Condo in Jamaica.

Need help finding your new home or office? Give us a call at +18765139222 or email me at cherine@mypowerliving.com

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Why you shouldn’t skip a final walk-through (PT15)

Do I need to do a final walk-through?

YES YES YES!!!! A final walk through is an awesome idea. A final walk through will give you, the buyers a chance to make sure everything is as you expected and nothing has changed since the first time you saw the property. If a part of the terms of your contract was repairs should have be done, you want to ensure that everything is done because once everything is transferred in your name, that’s it, you’ve bought it! So do your walk-through.

You looked at an apartment and the apartment had 2 air conditioning units. You said, Yes, I love this! I’m making an offer on this. Then you decide to forego your walk-through. Now your name is on the title and everything has been transferred to your name and when you show up in that apartment, the AC is not there! Do you see why it is important to do a walk-through? This would be your way to ensure that the AC, window, toilet and tiles are in the same place!

Need more information? Get all the details in our free ebook, How to Buy an Apartment or Condo in Jamaica.

 

Need help finding your new home or office? Give us a call at +18765139222 or email me at cherine@mypowerliving.com

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Should I get a home inspection? (PT14)

One of the questions I received recently was should I do a home inspection in Jamaica?

As part of your due diligence as purchaser, it would be recommended that you get a valuation report and A surveyor’s report. It fact, if you are getting a home loan, your lender is going to require this.

However, who will speak to the electrical, plumbing or sewage issues with property?

Structural Engineer, Certified Electrician, Plumber

Better yet, you walk into an apartment and there are major cracks on the wall.

Who will speak to the structural integrity of the property? I, your power realtor, Cherine Anderson humbly suggest that you seek the services of a certified electrician, certified plumber, and structural engineer especially if the property is an fixer upper or older 40 years.

Need more information? Get all the details in our free ebook, How to Buy an Apartment or Condo in Jamaica.

 

Need help finding your new home or office? Give us a call at +18765139222 or email me at cherine@mypowerliving.com

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What happens when you make an offer to buy a home in Jamaica? (PT13)

What if my offer is rejected?

Here are 3 things that could happen when you make an offer.

Worst-case scenario, the seller can either flat out reject your offer because there was a better offer, or maybe because they didn’t like your offer. But if you really want the home, make another offer.

Now, the seller could also make a counter offer, this means you are still in the running. If you are okay then you close the deal and start the sales process.

However, if you are not satisfied you also counter this offer. Now you see where this is going? You could have a lot of back and forth until both of you reach an agreement.

In the perfect world – you could put in an offer and the seller could accept. You close the deal and move on with your process.

Need more information? Get all the details in our free ebook, How to Buy an Apartment or Condo in Jamaica.

Need help finding your new home or office? Give us a call at +18765139222 or email me at cherine@mypowerliving.com

BEFORE YOU GO

Learn How To Buy An Apartment or Condo in Jamaica

This FREE (and highly resourceful) eBook will give you several tips and strategies to help you buy an apartment or condo.

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