New World Realty



Posted by New World Realty on 8/9/2020

Photo by fauxels from Pexels

It sounds like it should make things easier -- selling your home to a friend or family member should be a breeze for both parties -- but in reality, a home sale can disrupt your relationship if you don't go about it the right way. With the exception of parent to child transfers (and even some of those have issues) real estate transactions with family can go horribly wrong. Thankfully, there are ways to prevent strife and ensure that both parties get what they need from the process and that the relationship stays intact or even improves. Here's what to know when you sell your home to a friend or family member. 

Don't Attempt to DIY your Home Sale

For Sale by Owner transactions are already tricky, but if you try to navigate not only the purchase price, conditions and transfer of ownership on your own, you could end up in a family feud that lasts long after the sale is done. Working with an agent ensures you have an objective third party and that everything runs as smoothly as possible. While they won't be your referee or babysitter, these skilled negotiators can make sure everyone walks away happy, with the relationship intact. 

Get Objective Opinions

Use fair market value to determine the houses selling price, and be willing to make concessions. When you have an objective agent help determine the right price, you can be sure it is fair to both parties and that everyone's needs are met. Simply trying to work it out on your own can result in  sale that leads to resentment and trouble later, if the home ends up being worth less (or more) than you expected. A professional appraisal done by someone who is a stranger to all involved can help set the right price. 

Hire an Inspector

With an eye for home conditions and the ability to detect even minor issues, this valuable team member is even more important during a friendly real estate transaction. You won't have to rely on your own knowledge or on your family member to let you know what needs work. Your inspection report will reveal everything you should know to strike the right bargain -- and let you know what you are getting into. Going into the transaction fully informed prevents unhappy, relationship-damaging discoveries later. 

Work with an Agent for a Trouble Free Sale

Of all the ideas above, insulating yourself by working with an agent will help you the most. This ensures that any conflict can be absorbed by a third party and that questions can be answered objectively. Whether you both use the same agent or you each have your own, that objectivity can go a long way towards ensuring a successful transaction that delights both sides of the table. Get in touch today to discover how easy selling your home to someone you already know can be and for help navigating this sometimes tricky process. 




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Posted by New World Realty on 7/12/2020

Image by Agover from Pixabay

When you go to sell your home, your real estate agent will take care of playing host for interested buyers. This is part of the service that you get when you hire a real estate agent. The agent will not only handle setting up the showing appointments; they will also meet the prospective buyers at your home, walk them through the house and point out attractive features. While this is happening, you and your family can relax elsewhere. When the showing is over, the agent will contact you and let you know the coast is clear for you to return home.

1. Your Presence Will Distract Buyers

Your agent needs prospective buyers to focus on the house. If you’re there, the buyers’ attention will be torn between you and the house. Since showings only last a limited time, that will be valuable time lost for the agent to point out reasons why the house is a great fit.

2. Buyers Won’t Feel Free to Browse

Buyers need to be able to feel free to open cabinet and closet doors and look closely at details around your home. This is what will help make them feel comfortable about making an offer on the property. If the owner is present, buyers won’t feel able to look around. They may constantly turn to you to ask permission. This detracts from their ability to imagine the home as being their own.

3. You Could be Asked Difficult Questions

Buyers may take advantage of your presence to ask challenging questions. They may ask things like if the basement ever floods, if there are leaks in the roof or why there appears to be a crack in the basement wall. Your agent will know exactly how to field these questions and allay fears.

You hired a great real estate agent for a reason, so the best thing you can do is follow advice during showings and the rest of the homebuying/home selling process. By trusting your agent, the process will move smoother and assure you get the most bang for your buck.




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