key west homes for sale

Everything you need to know about Key West and the Lower Keys Real Estate



Sellers Pages

Pricing your home to sell

Professional appraisers sum up their entire body of knowledge in three words - "Buyers Make Value."
As your real estate agent, I can give you up-to-date information on what is happening in the marketplace and the price, financing, terms, and condition of competing properties.

When listing your property for sale, require your agent to be candid with you. Most agents simply don't want to tell the seller the true value of their home, if it's obvious the seller wants more than it's worth. By allowing your agent to be completely honest with you, you'll save time and money. Consider the market analysis carefully with your agent...The numbers should make just as much sense to you as they do to your agent, the appraiser, and most importantly potential buyers.

Remember! Your home is worth as much as a buyer is willing to pay for it. Sometimes the home is simply worth more to the seller than it is to the buying public. If the property has been on the market for more than 4-5 weeks, with few prospects coming to see it or those that have seen your home do not make a second or third visit and no offers have been submitted, you've been given a clear message that the property may not be worth what you're asking for it. What you do at that point depends on whether you really need to sell, and whether you're working with a time limit.

If you're not really motivated to move soon, you can always wait - years if necessary - and hope inflation will catch up with the price you want. The problem is that in that time, your home begins to feel shopworn. Buyers become suspicious of a house that has been for sale for a long time. If, however, you really do need to sell, your Coldwell Banker Schmitt agent understands the marketplace and how to price it right. There's no point in saying, "We simply can't sell our house." It will sell when the price is right.

Single Agency

  • Florida law requires all Real Estate Agents to explain the “Agency Relationship” options available to Sellers and Buyers of residential real estate.

    The law established three types of agency:

    * Single Agency
    * Transaction Brokerage
    * No Brokerage Relationship

    Single Agency: The policy of Coldwell Banker Schmitt is to provide the greatest possible degree
    of service to our clients, which only occurs in a Single Agency relationship.

    For that reason, the company adopted Single Agency as the primary and preferred relationship
    for working with our clients.

    As a Single Agent, we provide you with the full spectrum of services including the fiduciary
    duties of loyalty, confidentiality and obedience.
    The benefit to you is that we place your interest above all others, including our own!

    While we believe this type of relationship is what
    our clients expect and deserve, most Real Estate Companies have opted not to adopt Single Agency as the primary and preferred relationship for working with buyer and seller. They have chosen Transaction Brokerage, which, by law, is the assumed relationship between a buyer and agent or seller and agent unless they agree to Single Agency or a No Brokerage Relationship.

    Transaction Broker: As a Transaction Broker, agents are required to facilitate the transaction by assisting both the buyer and seller, and not represent one party to the detriment of the other. They provide fair and honest dealing, skill, care and diligence, accounting for all funds, and disclosure of all known facts that materially affect the value of a property in which you have interest. The reason most companies have adopted Transaction Brokerage is for the reduced level of liability versus Single Agency.

    No Brokerage Relationship

    The agent owes you three duties:

    * To deal with you honestly and fairly;
    * To disclose all known facts that materially affect the value of the property which are not readily observable to you;
    * And, to account for all funds entrusted to the agent.

    The key point for the No Brokerage Relationship (non-representation) is to not disclose any information you want held in confidence until entering into an agency relationship.

My VIP program for Sellers

As your agent it's important that you know my competitive advantages.
I am high energy and proactive agent dedicated to getting my clients what they want in the time that they want. My large sphere of influence allows me to market my clients properties, getting them the maximum exposure that they deserve. My visual tours are uploaded to more than seven websites and clients that list their property with me will have their property marketed and advertised every day until it is sold

| ©2007 Gary Smith