Home Selling Services Commitment


Finding the right person to sell your home is an important decision. As your Real Estate Agents, our goal is to market your property so it will sell for the highest possible price and best terms possible within a reasonable amount of time, and with the least amount of inconvenience to you.

We Commit to You that We Will:

Communicate with you in a timely manner

Identify your needs

  • Consult with you to clarify your needs, expectations and priorities
  • Discuss seller, buyer and dual agency alternatives, and determine how we can best work with you to achieve your real estate objectives
  • Answer any questions you might have about the home selling process

Develop and implement an effective Marketing Campaign for your property

  • Design a Marketing Campaign that is tailored to your property, in order to achieve maximum exposure to prospective buyers
  • Share information about your property with my fellow real estate agents and other professionals through the Multiple Listing Service (MLS)
  • Install a well-recognized “FOR SALE” sign
  • Discuss how open houses may be an effective way to reach potential buyers and hold open houses as needed
  • Promote your property through effective print advertising such as: Newspapers, magazines, fliers, mailers and postcards
  • Promote your property through effective technology advertising such as: 2 MLS’s (Ventura County and Southland Regional), Online listing sites (Yahoo! Real Estate, PrudentialProperties.com, Realtor.com, Zillow.com, Trulia.com, Oodle.com, Base.Google.com, PropSmart.com, HomeScape.com, Vast.com, Local.com and many more), Our own website (TheMMTeam.com), YOUR OWN WEBSITE (example: www.123HomeAddress.com), and our email database of over 1,500 subscribers

Help you determine an effective Pricing Strategy

  • Explain how market value is determined and discuss the role of market-sensitive pricing in the successful sale of your property
  • Research and present a Comparative Market Analysis (CMA) showing you recent real estate activity and trends to help you determine a realistic listing price
  • Discuss financing options that will help attract potential buyers
  • Prepare a preliminary estimate of your costs and cash proceeds based on the probable selling price and financing terms
  • Continue to monitor real estate market activity, and if appropriate, recommend price adjustments to keep your property competitive

Recommend steps to prepare your property for market

  • Identify enhancements that will help your property make the best possible impression on prospective buyers
  • Advise you how to prepare your property for real estate professional previews and buyer showings

Represent you in negotiations with prospective buyers

  • Review all purchase offers with you and explain your available choices to accept, reject, or counter each offer
  • Negotiate in your best interests, including the handling of counter offers, to reach an agreement that is acceptable to you

Work to protect your interests through the completion of the transaction

  • Work with the buyer’s real estate professional and others to see that all requirements of the purchase agreement(s) are satisfied and to help keep the transaction on schedule
  • Keep you informed of the progress of the transaction
  • Follow up on any remaining details after the close of the sale and provide you with the information on relocation assistance or additional services you may need

This is our commitment to you to ensure that we meet all of your expectations in the marketing and sale of your property.

Moving Tips for Sellers

1. Give your forwarding address to the post office, usually two two four weeks ahead of the move.

2. Notify your credit card companies, magazine subscriptions, and bank of the change of address.

3. Develop a list of friends, relatives, and business colleagues who need to be notified of the move.

4. Arrange to have utilities disconnected at your old home and connected at your new one.

5. Cancel the newspaper.

6. Check insurance coverage for moved items. Usually your movers only cover what they pack.

7. Clean out appliances and prepare them for moving, if applicable.

8. Note the weight of the goods you’ll have moved, since long-distance movers are usually billed according to weight. Watch for movers that use excessive padding to add weight.

9. Check with your condo or co-op about restrictions on using the elevator or particular exits.

10. Have a “first open” box with things you’ll need most–toilet paper, soap, trash bags, scissors, hammer, screwdriver, pencils and paper, cups and plates, water, snacks, and toothpaste.

How Does the Escrow Process Work?

One of the stages of the home buying process is escrow. This process begins when the offer is accepted and ends once the financing is approved and the buyer and seller have fulfilled their requirements. So how does it work?

A neutral third party agent of the principals—buyer, seller, lender and borrower—is designated the escrow holder. This agent assists with the transfer of ownership by ensuring that the terms of the transaction are completed including safeguarding all funds (including the buyer’s deposit) and documents.

The escrow holder keeps track of obligations of the seller or buyer. For example, if the seller is required to supply a termite inspection, the escrow holder will make sure it is fulfilled before any funds are transferred to the seller. Findings in the termite inspection report must be corrected on or before the close of escrow.

In addition, the escrow holder receives from the title company a complete ownership history of the property and any liens on record in the preliminary title report. Any discrepancies that affect the condition of the title, such as condo liens, judgments, etc., against the buyer and seller, must be addressed prior to close of escrow.

The escrow process can last any number of days depending on what is agreed upon between the buyer and the seller. To assure a timely closing, it is important that each party provide the escrow holder requested information as soon as possible. For example, a lender will not fund a new home without a homeowner’s insurance policy. Without the lender’s verification that there is insurance, the escrow process may be delayed. An unsecured source of funding, such as a personal check can also delay the process, because it takes longer for those types of funds to clear.

The escrow process is just one step towards fulfilling the dream of homeownership. Your real estate professional can provide more detail on the escrow process, as well as answer other questions you may have about home buying and selling.

Getting Reassessed – Avoid the Scam!

You might remember that we posted a couple times about Getting Reassessed and our follow up on how Ryan went through the process himself.

The articles discuss that because the market value of our properties have declined, there should also be a cut in our property taxes. You can fill out the Application for Decline in Value Review from the Ventura County Assessor and send it in for FREE! Opting not to send in the application has no penalty. It’s dumb not to, but there is no recourse.

There are some scammers out there who will send you a very legitimate looking notice in the mail claiming that you MUST submit the application and doing it through them is the only viable method. Then they slap on a $150 – $200 fee for doing the work. The work that takes all of one minute to fill out the form and send it in.

Please be on the look out for these scammers! More information can be found at the Ventura County Assessor’s Website

7 Terms to Watch for in A Purchase Contract

1. The closing date. See if the date the buyer wants to take title is reasonable for you.

2. Date of possession. See if the date the buyer wants to move in is reasonable for you.

3. The earnest money. Look for the largest earnest-money deposit possible; since it is forfeited if the buyer fails to oblige the contract, a large deposit is usually a good indication of a sincere buyer.

4. Fixtures and personal property. Check the list of items that the buyer expects to remain with the property and be sure it’s acceptable.

5. Repairs. Determine what the requested repairs will cost and whether you’re willing to do the work, lower the price, or offer cash for the repairs.

6. Contingencies. See what other factors the buyer wants met before the contract is final–inspections, selling a home, obtaining a mortgage, reviewing disclosures. Set time limits on contingencies so that they won’t drag on and keep your sale from becoming final.

7. The contract expiration date. See how long you have to make a decision on the offer.

Buying New Construction

Of course, buying new construction brings on the fulfillment of living in a brand new home. Before you jump in and sign a contract, there are a couple of things you should be aware of.

When you start looking at new construction, there is usually an agent or a group of agents there to service you. These agents are hired by the builder of the development to help sell the properties. In a normal transaction this type of agent is considered the “Listing Agent” and has a fiduciary duty to his/her seller (in this case, the builder). If you recall in another article we wrote, Agency Relationships, an agent must represent his/her seller with utmost care, honesty, etc. In other words, this agent does NOT represent you, the buyer, in any way.

Furthermore, an agent who represents a builder presents a purchase agreement to you written entirely by the builder. In a normal transaction, C.A.R. (California Association of Realtors) documents are filled out. These documents are recognized by the Department of Real Estate and have been drawn, edited, redone and updated by legal attorneys to protect buyers from injustice. If you as a buyer walk in to sign the builder’s purchase agreement, not only are you unrepresented, you are signing unrecognized documents and you are agreeing to the builder’s terms and conditions.

Our recommendation… Have a real estate agent represent you when looking at new construction. Instead of relying on yourself or the listing agent (who does not represent you), you can go to your own agent who has the professional background to answer questions and concerns, who has the knowledge in what to look for in the builder’s purchase agreement and who has the experience in negotiating price and terms.

We know what you are thinking… Who pays for a buyer’s representation? When the property is sold a commission is paid to both agents from the seller’s profit. In this case, the builder does.

*IMPORTANT* – Your agent MUST be with you the FIRST time you visit the new construction sites. If not, most builders will claim you as their client and you will be unrepresented. Why? Obviously, they want to avoid dealing with other agents who have the negotiation skills to lower the price and change the terms.

10 Ways to Make Your Home Irresistable at an Open House

1. Put fresh or silk flowers in principal rooms for a touch of color.

2. Add a new shower curtain, fresh towels, and new guest soaps to every bath.

3. Set out potpourri or fresh baked goods for a homey smell.

4. Set the table with pretty dishes and candles.

5. Buy a fresh doormat with a clever saying.

6. Take one or two major pieces of furniture our of every room to create a sense of spaciousness.

7. Put away kitchen appliances and personal bathroom items to give the illusion of more counter space.

8. Lay a fire in the fireplace. Or put a basket of flowers there if it’s not in use.

9. Depersonalize the rooms by putting away family photos, mementos, and distinctive artwork.

10. Turn on the sprinklers ahead of time to make the lawn sparkle.

Statistics

Want all the latest statistical information for your favorite city or neighborhood? Now you can! All you have to do is fill out the form below. Once you have submitted all of the information, you will be sent a statistical report in your email!

Search criteria includes:
Property Type: Residential, Manufactured Homes, Lots & Land or Multi-Residential.
Subtypes: Attached, Detached or Manufactured Homes.
Areas: Cities (Thousand Oaks, Westlake Village, Newbury Park, Oak Park, Agoura Hills, Simi Valley, Moopark, Camarillo), Zip Codes, Subdivisions or All MLS.
Time Period: 1 Year or 2 Years.

Hundreds of different reports can be populated from this criteria.

You can also choose from these reports:
Median Sold Price, Sold Properties, For Sale Properties, Under Contract Properties, New Properties Listed, Supply & Demand, Average Days on Market, Months Supply of Inventory or All Reports.

If you want to include more search criteria such as Price Range, Bedrooms, Bathrooms or Square Footage, please contact us for these special reports.

Here is an example: All Reports for Residential Attached, Detached and Manufactured Homes in Conejo Valley (Thousand Oaks, Westlake Village, Agoura Hills, Oak Park and Newbury Park) for the period April ’07 – April ’09

Camarillo Average Price – July ’08

This is a comparison of average prices for the area of Camarillo, CA, between 2007 and 2008.

Camarillo
July 2008 List Price Sold Price Diff. LP/Sp % DOM
  $516,260 $495,181 -4.08% 79
July 2007 List Price Sold Price Diff. LP/Sp % DOM
  $703,107 $672,252 -4.39% 76
Diff. ’08/’07 % List Price Sold Price   DOM
  -26.57% -26.34%   3.94%

All information is gathered from the Ventura County MLS and is deemed reliable but not always accurate.

Moorpark Average Price – July ’08

This is a comparison of average prices for the area of Moorpark, CA, between 2007 and 2008.

Moorpark
July 2008 List Price Sold Price Diff. LP/Sp % DOM
  $500,162 $486,048 -2.82% 86
July 2007 List Price Sold Price Diff. LP/Sp % DOM
  $633,348 $621,183 -1.92% 76
Diff. ’08/’07 % List Price Sold Price   DOM
  -21.03% -21.75%   13.16%

All information is gathered from the Ventura County MLS and is deemed reliable but not always accurate.