Downsizing

Setting the Price

Contrary to popular belief, home prices are not necessarily decided by the seller! Instead, the price point is determined by comparing your home to similar home sales in your area...whether you’re comparing a luxury home, a business property, farm and ranch, or land for sale in Kerrville.

Planning and Preparing to Sell

Choosing to sell your Kerrville property requires a great deal of time, thought, and consideration. Besides a major financial decision, selling your home is often an emotional event, filled with memories and nostalgia. Once you’ve gone through the decision-making process, we recommend planning and preparing for the sale as carefully as possible.

Seller’s Timeline

You have made the decision to sell and have found a REALTOR to help you do it! Find out more about what to expect during the home selling time line.

listing:A formal written contract that allows an agent to represent a party in the selling, leasing, or buying of a property.

closing:The final, legal act of a transaction, where contracts are agreed upon and finalized, and monies are exchanged.

assessment:A tax, charge, or levy that comes from previously established rates

appraisal:An estimated value attributed to a property by a certified appraiser.

What is Staging?

Often times, staging can make the difference between a buyer moving on to the next home, or putting an offer in on the staged home.

Why Stage?

Staging can help sell your home faster (and get you the most bang for your buck)!

Simple Staging Ideas

Ideas for staging your home.

majority:The age of which a person transitions from a minor to an age where he can represent himself and handle his own affairs.

Staging Do’s and Don’ts

Guidelines for staging your home.

Marketing Your Home: Open Houses

Open houses can prove to be a great source of traffic to your home. Having an agent hold an open house for your home can bring the buyer for your home right through your door steps.

mortgage:A contract that represents the debt owed by the borrower to the lender for the money borrowed to purchase a property.

Marketing Your Home: Online Marketing

In the age of digital marketing, it is important that your Kerrville REALTOR® gets your home exposed through many online platforms. With the extensive online training Keller Williams agents receive, you can be assured that your home is being marketed effectively to prospective buyers throughout the web.

Marketing Your Home: Traditional Marketing

When it comes to marketing your home, you want someone who is on top of the game and knows how to get your home sold. At KW Kerrville, our agents make sure to market your home in multiple ways so that it gets the most exposure. Traditional marketing encompasses tried and true marketing efforts and maximizes both print and word-of-mouth techniques.

Foreclosure Timeline

When it comes to foreclosures, the timeline from the first missed payment to the foreclosure sale can be a quick process- generally about six months. During the process, there are many processes that take place, which each step inching the homeowner closer to having their home being foreclosed on.

trustee:This is the party holding assets in trust as a fiduciary for the benefit of another party.

trustee:Occurring during foreclosure proceedings, this is an auction of items held by the trustee under a deed of trust.

servicer:This party manages the collection of an individual

redemption:This is the process of buying back a property after it has been lost through foreclosure. This property is recovered by the payment of delinquent taxes.

mortgage:A contract that represents the debt owed by the borrower to the lender for the money borrowed to purchase a property.

default:The failure to fulfill an obligation; most frequently, the failure to pay a monthly payment.

deed:A document that provides evidence in written form of the owner of a property. Deeds can be transferred between parties.

Myths About Foreclosure

If the idea of purchasing your dream home at a foreclosure sale seems too good to be true...you might be right. Below, we’ll dispel a few foreclosure myths and make sure you’re primed and ready to get the best out of your foreclosure sale experience!

pre-approval:An assessment given by the lender that investigates the borrower

mortgage:A contract that represents the debt owed by the borrower to the lender for the money borrowed to purchase a property.

guarantee:A contractual agreement to pay a debt or perform an obligation made by two parties in the event of that person

equity:The difference between the value of a property and the amount still owed on the property.

contingency:Under contract, this is an item that is contingent on the fulfillment of a specific condition

The Difference: Short Sales and Forclosures

There are many REALTORS at KW who specialize in short sales and foreclosures. They are specially trained and have the knowledge and experience to navigate through the sometimes long and arduous process of buying a foreclosure or a short sale.

mortgage:A contract that represents the debt owed by the borrower to the lender for the money borrowed to purchase a property.

insurance:Protection against specified hazards by a company that a party pays a premium to.

Reverse Mortgages

Reverse mortgages are a desirable option for retirees interested in downsizing their home or minimizing their monthly fixed payments. They provide a way to eliminate all monthly mortgage expenses, thus reducing retirement expenses.

mortgage:A contract that represents the debt owed by the borrower to the lender for the money borrowed to purchase a property.

equity:The difference between the value of a property and the amount still owed on the property.

Why Downsize?

Whether your reason for downsizing is to save money or to move out of a home that is too large for your lifestyle, downsizing presents many benefits.

Seller Checklist

Selling a home can seem daunting, but an organized list always seems to set the anxious mind at ease. Below, we’ve listed 7 of the biggest tasks you will encounter when you decide to you sell your Kerrville home.

satisfaction:Signed by the mortgagee, this document shows that the debt owned on a mortgage has been paid in full and releases the mortgagee from further payments.

listing:A formal written contract that allows an agent to represent a party in the selling, leasing, or buying of a property.

disclosure:A statement the seller is required to provide that details the presence of any relevant information regarding a property, including the existence of lead paint or asbestos

counter-offer:A new offer made on the sale price or sales terms and conditions made in reply to a previous offer.

closing:The final, legal act of a transaction, where contracts are agreed upon and finalized, and monies are exchanged.

Pricing Your Home To Sell

Most sellers today are nervous and unsure. They wonder: is taking a loss on our house inevitable? The answer is no! A strategic sales plan, coupled with a smart buy in your new location will ensure that you recoup the maximum value for your home.

mortgage:A contract that represents the debt owed by the borrower to the lender for the money borrowed to purchase a property.