Germantown
Properties
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| mortgage calculators || listings || home survey form || meet linda arnold | | contact linda || about germantown properties || memphis area info | | relocating - visit linda's nationwide relocation site | Germantown Properties IMC, LLC Revised: Wednesday March 29, 2006, URL: http://www.lindaarnold.com |
Mission Statement
Germantown Properties will maintain long term success by providing honest, professional services, and by enhancing the quality of life for our customers and clients.
| Mission Statement || Why List Your Home With A Realtor || Choosing A Listing Agent |
| How We Sell Your Home || Properly Pricing Your Home || Showing Your Home |
| Seller Participation || Performance Warranty || Agency Disclosure |
| Home Inspections || Appraisal || Warranty Programs |
| Property Condition Disclosure || Closing Costs |
| Relocation || Top of Page || Site Menu |
Why List Your Home With A Realtor
Many homeowners this time of year begin to consider selling their homes. They know that the spring is the best time of the year to sell and that buyers are more plentiful. This year is, by far, no exception. Actually, it may be the best time since 1990 to sell a home. The economy has recovered substantially and interest rates are still low enough to entice the buyers into buying their dream home.
The first major concern is whether to sell "For Sale By Owner" or to hire a professional Realtor to sell your home. You seek the advice of professional people for your financial, legal and medical needs and you should also choose a professional for your real estate needs. The following are ten reasons to hire a Realtor to sell your home.
- A Realtor is a member of the National Association of Realtors and abides by a strict Code of Ethics and Professional Standards.
- A Realtor can provide professional promotion and profitable marketing for your property to enhance its sale.
- A Realtor can provide an objective market analysis of your home.
- A Realtor can offer professional services in handling the details of the transaction of the sale.
- A Realtor can advise you as to what improvements you can make that will make your home sell quickly.
- A Realtor can handle all contract negotiations and help you obtain the services of a real estate attorney.
- A Realtor can screen potential buyers by prequalifying them as to their ability to purchase your home.
- A Realtor can provide services through the Multiple Listing Services of the local board of Realtors.
- A Realtor will provide all advertising expenses such as ads, promotional flyers, postcards, etc.
- A Realtor will arrange all showings of your home and use buyers comments to help improve future showings.
| Mission Statement || Why List Your Home With A Realtor || Choosing A Listing Agent |
| How We Sell Your Home || Properly Pricing Your Home || Showing Your Home |
| Seller Participation || Performance Warranty || Agency Disclosure |
| Home Inspections || Appraisal || Warranty Programs |
| Property Condition Disclosure || Closing Costs |
| Relocation || Top of Page || Site Menu |
Choosing A Listing Agent
When you are ready to sell your home you will need to hire a Real Estate Agent who is professional, knows the business, and is compatible with your personality. If you do not know a REALTOR, here are some questions you might want to ask prospective listing agents.
- How long have you been in Real Estate?
- Linda's Response: Since 1986
- Are you a full time or part time agent?
- Linda's Response: Full Time
- What is your average yearly sales volume?
- Linda's Response: $2 Million + per year
- Do you sell homes in my area?
- Linda's Response: All areas of Shelby County
- What is your position in your company?
- Linda's Response: 1997 Top Company Sales Producer
- What professional designations do you have?
- Linda's Response: GRI, CRS, Broker
- Do you have office support and a appointment secretary?
- Linda's Response: Yes
- Do you have 24 hour phone service?
- Linda's Response: Yes
- How can I reach you quickly?
- Linda's Response: Voice Mail, Pager, Email
- Do you have a computer?
- Linda's Response: Yes - Gateway Pentium
- Are you connected to the Internet?
- Linda's Response: Yes
- Do you have a fully interactive web site where my home can be seen worldwide?
- Linda's Response: One of the best - www.lindaarnold.com
- Can you access MLS from my home?
- Linda's Response: Yes, with my laptop
- Do you have contacts with mortgage companies, attorneys, repairmen, home inspectors, etc.?
- Linda's Response: Yes
- Does you firm have a mission statement?
- Linda's Response: Yes
- Do you have samples of your home flyers?
- Linda's Response: Yes
- Where do you advertise your listing?
- Linda's Response: Worldwide on the Internet, Commercial Appeal, Homes For Sale, Real Estate News, Memphis Business Journal
- Will you give me names and phone numbers of some of your previous clients for reference?
- Linda's Response: Yes
- Will you keep me informed concerning showings, etc.?
- Linda's Response: Yes
- Are you available on short notice?
- Linda's Response: Yes, Most of the Time
- Do you have a prospective buyer data base?
- Linda's Response: Yes
| Mission Statement || Why List Your Home With A Realtor || Choosing A Listing Agent |
| How We Sell Your Home || Properly Pricing Your Home || Showing Your Home |
| Seller Participation || Performance Warranty || Agency Disclosure |
| Home Inspections || Appraisal || Warranty Programs |
| Property Condition Disclosure || Closing Costs |
| Relocation || Top of Page || Site Menu |
How We Sell Your Home
- Your completed and signed listing agreement is placed in the MAAR Multiple Listing Service within 24 hours.
- All REALTORS in our office are notified about the new home. They may wish to preview your home for potential buyers with whom they are working and/or we may all visit the home after a sales meeting.
- One of our company signs will be placed in your yard allowing people who see your house every day know that it is available. This, very often, is our best form of advertising.
- Prospective buyers who are in our database will be contacted immediately.
- Your agent will discuss with you how you would like for your property to be shown. The house needs to be available for showings at all times and often on short notice. We will give you as much notice as they give us.
- Advertising your home may be done in the Commercial Appeal, the Real Estate News, the Memphis Area Association of Realtors Homes For Sale Magazine, Memphis Business Journal, the MLS service, Worldwide on the Internet, and informative fliers.
- When a written offer is presented, we will meet with you in person to discuss the offer. We prefer not to discuss this over the phone.
- Once an offer is acceptable to both parties and becomes a contract, we will assist you in preparing for the closing. We will also keep track of the buyer's progress towards loan approval.
- Your property will be recorded in the MLS as SOLD and you will be added to our mailing list.
| Mission Statement || Why List Your Home With A Realtor || Choosing A Listing Agent |
| How We Sell Your Home || Properly Pricing Your Home || Showing Your Home |
| Seller Participation || Performance Warranty || Agency Disclosure |
| Home Inspections || Appraisal || Warranty Programs |
| Property Condition Disclosure || Closing Costs |
| Relocation || Top of Page || Site Menu |
Properly Pricing Your Home
Homes Sell Quicker And Usually For
More Money
When Priced Right In The Beginning.
The Seller Sets The Price
The Buyer Determines The Value
My Job Is To Give You Information
To Help You Set The Price
We Have Mutual Goals...
To Get The Highest Price In The Shortest Time
To Get The Best Terms In Your Time Frame
To Sell Homes Quickly
The Price Must Be Right
Things That DO NOT Affect
Value:
Your Original Cost
The Cost To Rebuild Today
The Cost Of Your Decorating
Your Personal Attachment
Overpricing:
Reduces Sales Activity
Reduces Advertising Responses
Attracts Wrong Prospects
Produces Appraisal Problems
| Mission Statement || Why List Your Home With A Realtor || Choosing A Listing Agent |
| How We Sell Your Home || Properly Pricing Your Home || Showing Your Home |
| Seller Participation || Performance Warranty || Agency Disclosure |
| Home Inspections || Appraisal || Warranty Programs |
| Property Condition Disclosure || Closing Costs |
| Relocation || Top of Page || Site Menu |
How Your Home Will Be Shown
To Potential Buyers
You will always be notified about showings of your home, unless you specify otherwise.
As your listing agent, someone from my office or I will always make the appointments with buyers who are not working with an agent. You should never let someone in your home who tells you that I told them to come see your home.
Our secretaries names are Miriam Rea and Jean Brents and, most of the time, they are the ones who will contact you when an agent from another company wants to show the house.
In the event someone drives up while you are in the yard and wishes to see your home, I recommend that you tell them to call me for an appointment. This way you are not letting a stranger in your home and we have a number where we can contact the buyer.
Keybox - The house must be available at all times for showings. You do not wish to miss a buyer! I strongly recommend the use of an electronic Keybox on your home. To access the Keybox, an agent would call the office for an appointment, after you approve the showing, the agent is given instructions as to the location of the Keybox and any specific showing instructions, and they can get your key from inside the Keybox. The agent has an electronic key pad which records the showing or who was in the house and at what time. Someone finding a key pad is unable to access your home due to a password usage and we can also read the Keybox to see who has entered your home in the event of unauthorized entry to the home.
| Mission Statement || Why List Your Home With A Realtor || Choosing A Listing Agent |
| How We Sell Your Home || Properly Pricing Your Home || Showing Your Home |
| Seller Participation || Performance Warranty || Agency Disclosure |
| Home Inspections || Appraisal || Warranty Programs |
| Property Condition Disclosure || Closing Costs |
| Relocation || Top of Page || Site Menu |
Seller Participation
Showing The Home To Buyers
Before The Showing:
Turn On All Lights In The House
Open All Curtains & Mini Blinds
Turn Off The Television
Soft Music Can Be Played
Unlock Storage Rooms, Shed, Etc.
Pleasant Air Freshner
Remove Pet Dishes, Beds, Litter Boxes
During The Showing:
Leave The Property So Buyers Will Stay Longer
Take Pets And Children To Another Location
Refrain From Conversation With Buyers
Display Realtor Business Cards
Display Recent Utility Bills
Display Fact Sheets
After The Showing:
Notify Your Agent Or The Office Immediately
If You Encounter Any Problems With A Showing
If, at any time, someone approaches
you in the yard,
comes to the door, or calls you on the phone about your home,
tell them to contact your agent!
| Mission Statement || Why List Your Home With A Realtor || Choosing A Listing Agent |
| How We Sell Your Home || Properly Pricing Your Home || Showing Your Home |
| Seller Participation || Performance Warranty || Agency Disclosure |
| Home Inspections || Appraisal || Warranty Programs |
| Property Condition Disclosure || Closing Costs |
| Relocation || Top of Page || Site Menu |
Performance Warranty
When You List Your Home With Germantown
Properties
Our Firm Assures You That We Will:
- Provide you with a market analysis of homes in your area
- Advise you on pricing your home
- Place your home in the MLS computer within 24 hours of receiving the listing agreement
- Prepare fact sheets and ads to help market your home
- Place a Germantown Properties sign in your yard within 48 hours of receiving the listing agreement
- Provide you with progress reports concerning showings on your property
- Arrange all showings of your property
- Recommend ways to improve the marketability of your property
- Offer advice in contract negotiations Arrange the closing with the closing attorney of your choice
| Mission Statement || Why List Your Home With A Realtor || Choosing A Listing Agent |
| How We Sell Your Home || Properly Pricing Your Home || Showing Your Home |
| Seller Participation || Performance Warranty || Agency Disclosure |
| Home Inspections || Appraisal || Warranty Programs |
| Property Condition Disclosure || Closing Costs |
| Relocation || Top of Page || Site Menu |
Agency Disclosure
All contracts written in Tennessee must include an Agency Disclosure stating who represents whom.
| Mission Statement || Why List Your Home With A Realtor || Choosing A Listing Agent |
| How We Sell Your Home || Properly Pricing Your Home || Showing Your Home |
| Seller Participation || Performance Warranty || Agency Disclosure |
| Home Inspections || Appraisal || Warranty Programs |
| Property Condition Disclosure || Closing Costs |
| Relocation || Top of Page || Site Menu |
Home Inspections
The majority of buyers will hire a home inspector to examine the property.
| Mission Statement || Why List Your Home With A Realtor || Choosing A Listing Agent |
| How We Sell Your Home || Properly Pricing Your Home || Showing Your Home |
| Seller Participation || Performance Warranty || Agency Disclosure |
| Home Inspections || Appraisal || Warranty Programs |
| Property Condition Disclosure || Closing Costs |
| Relocation || Top of Page || Site Menu |
Appraisal
The mortgage company for the buyer will require an appraisal on the property.
| Mission Statement || Why List Your Home With A Realtor || Choosing A Listing Agent |
| How We Sell Your Home || Properly Pricing Your Home || Showing Your Home |
| Seller Participation || Performance Warranty || Agency Disclosure |
| Home Inspections || Appraisal || Warranty Programs |
| Property Condition Disclosure || Closing Costs |
| Relocation || Top of Page || Site Menu |
Home Warranty Programs
Two home warranty programs are now
available. Buyers will often ask the seller to provide one. Some sellers offer these in
marketing the property.
AHS - HMS
Both Are Optional For The Seller
| Mission Statement || Why List Your Home With A Realtor || Choosing A Listing Agent |
| How We Sell Your Home || Properly Pricing Your Home || Showing Your Home |
| Seller Participation || Performance Warranty || Agency Disclosure |
| Home Inspections || Appraisal || Warranty Programs |
| Property Condition Disclosure || Closing Costs |
| Relocation || Top of Page || Site Menu |
Property Condition Disclosure
The State of Tennessee now requires this form. It allows the seller to disclose directly to the buyer, the condition of the property.
| Mission Statement || Why List Your Home With A Realtor || Choosing A Listing Agent |
| How We Sell Your Home || Properly Pricing Your Home || Showing Your Home |
| Seller Participation || Performance Warranty || Agency Disclosure |
| Home Inspections || Appraisal || Warranty Programs |
| Property Condition Disclosure || Closing Costs |
| Relocation || Top of Page || Site Menu |
Seller's Closing Costs Estimate
Once an offer is received, the MLS computer services includes a closing cost estimator. This will be provided at the time of contract negotiations.
- Realtor Commission:
- $_______________
- Loan Discounts Paid For Buyer
- $_______________
- Settlement Fees ($175.00 and Up)
- $_______________
- Document Preparation Fees ($175.00 and Up)
- $_______________
- Recording Fees (Approximately $15.00)
- $_______________
- Termite Letter (Approximately $55.00)
- $_______________
- City Taxes Proration
- $_______________
- Shelby County Taxes Proation
- $_______________
- Pay Off Existing Mortgages
- $_______________