Category: Listing Your Home for Sale

  • Seller's Guide to Financing Terms

    By Home Bay

    Posted on October 14th, 2014

    To list your home for sale on the MLS, you will need to indicate the type of buyer financing you are willing to accept. Read on to learn about common real estate financing terms and find out what each one means. Types of Financing: * Traditional Financing: All sellers should indicate they are willing to accept "Cash" and a "Conventional Loan". A conventional loan is the most common loan for buyers. * Owner Financing: This type of financing means you're willing to accept monthly payme

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  • Taking photos of your home can be tricky - but there are a few key things you can do to prepare to make sure your photos turn out great. Read on for five simple photo prep tips for home sellers. 1. Use natural light: Open blinds and curtains and shoot during the time of day your home is most filled with light. 2. Clean, clean, clean: Put away laundry, fold blankets, vacuum rugs, clean windows and oven doors to remove streaks and remove crumbs from counters and tables. 3. De

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  • When you list your home on the MLS, you have to state what type of ownership you have. This post will explain the two main types of ownership and will also provide detailed definitions for additional, less common types of ownership. Read on to learn more! The two most common types of real estate ownership are "Condominium" and "Fee Simple". Here are the specific definitions for each: * Condominium: The seller owns the interior of a unit but shares an ownership interest in the land and c

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  • Real estate has lots of terminologies and it can be difficult to keep it all straight. This post will take a look at sales restrictions and will explain what they are, how they work and how they can impact your real estate purchase or sale. First, let's define what a sales restriction is. When a property has "sales restrictions", it means there are specific conditions that must be met in order for a property to be sold. For example, in some cases, only certain buyers may purchase the property.

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  • Part of the required MLS form asks sellers to list which parking garage features apply to their property. Here's a look at each of the options and definitions for each. * Assigned: Specific parking spots are granted to each unit and each spot is marked accordingly. * Attached: The garage is physically attached to the home. * Converted: The garage is used for some other purpose, such as an office or guest space. * Detached: The garage is not att

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  • The Essential Home Bay Checklist

    By Home Bay

    Posted on April 11th, 2015

    Here is a quick checklist of what you need to sail through Home Bay's process and get your home sold! 1. Take a few great photos of your home [https://www.homebay.com/tips/real-estate-photography-tips/]. The MLS requires you have at least one shot of the outside. 2. Follow these easy steps to write a compelling description [https://www.homebay.com/resources/compelling-home-descriptions/]. 3. Use a simple home valuation tool to price your home [https://ww

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  • The MLS Listing Authorization Form gives Home Bay's local broker the authority to list a property for sale on the MLS on your behalf. In an MLS agreement, the listing broker and seller agree upon a commission [https://www.homebay.com/tips/real-estate-agent-commission-101-for-sellers/], which in our case, is ZERO. Our partner brokers do not charge a commission to list your property on the MLS. Defining MLS Authorization: If the listing broker's commission is zero, is the MLS Authorization form

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  • Home Bay syndicates your listing to all the major websites that buyers use to find a home, plus thousands of local real estate sites. This post will explain how potential buyers know how to contact you if your information isn't shown. Sites That Don't Display Seller Information: Essentially, any site that isn't Home Bay doesn't allow your information to be shown. Here are the details: * Redfin only displays Redfin agents, and local agent sites only display the local agent who owns that

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  • When you claim your property, Home Bay validates your address against US Postal Service records. Empty lots, newly constructed homes, or homes that do not receive mail at the address often cannot be found in the Postal Service's database. When this happens, you receive a "Could Not Find Address" error message on your screen. First, double-check that there are no typos in the address you entered. If you don't see a typo, email support@homebay.com with the full address of the property you are cla

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