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510.969.2848
www.cvhometeam.com
Selling Your Home Series
Real Estate 101
Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 22
Real Estate 101
• Broker
• Agent
• Fair Housing
Act
• MLS
• Appraisal
• Inspection
• Showing Apt
• Open House
Real Estate Terms Refresher
Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 33
Real Estate 101
Real Estate Brokers and Real Estate Agents
• Listing agreements are between Broker and Seller.
• An Agent is a Sales Person who works for the broker.
• Commission will be paid to the real estate broker.
Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 44
Real Estate 101
The Fair Housing Act
A federal law in the United States that prohibits
discrimination in housing.
Protected Classes Are:
• Race
• Color
• Religion
• National Origin
• Sex
• Handicap
• Familial Status
www.hud.gov
Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 55
Real Estate 101
The Multiple Listing Service (MLS)
• MLS lists all properties with a listing contract.
• Buyer's agents will learn about your property
listing.
Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 66
Real Estate 101
Appraisal
• We will set the final asking price on your property
based on this market value estimate.
• Buyer's lender will require an official appraisal of
the property from a licensed appraiser.
• It may be different than the market analysis that
we provide you.
Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 77
Real Estate 101
Inspection
• Goal of a home inspection is to give the buyer an
objective analysis of the condition of your
property.
• A professional inspector will typically check
• Electrical systems
• Plumbing and waste disposal
• Water heater
• Insulation
• Ventilation
• HVAC system
• Water source and quality
• Waste disposal
• Pests
• Foundation
• Doors
• Windows
• Ceilings
• Walls
• Floors
• Roof
• Radon gas
• Asbestos
• Lead paint
Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 88
Real Estate 101
Showing Appointments / Open Houses
• Buyers will arrange showing appointments to see
your property through their agent or through me.
• When a buyer is scheduled to see your property,
it's best if you, your family and pets are not home.
• Open House are another option. Open Houses
are usually most effective on the weekends
during several hours in the afternoon.
• An aggressive showing schedule will help us sell
your property quickly, which is our ultimate goal.
Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 99
Real Estate 101
Home Staging
• Home staging is designed to market and sell your
home in a way that's appealing to the largest
buyer audience possible. Staging uses simple
design principles, and may radically alter the
way that your home is arranged and decorated.
• Staged properties spent 67% less time on the
market than non-staged properties.
10
510.969.2848
www.cvhometeam.com
Terms we covered…
 Real Estate Brokers and Real Estate Agents
 The Fair Housing Act
 Multiple Listing Service (MLS)
 Appraisal
 Inspection
 Showing Appointment
 Open House
 Staging
11
510.969.2848
www.cvhometeam.com
Selling Your Home Series

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Castro Valley-Real Estate 101

  • 2. Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 22 Real Estate 101 • Broker • Agent • Fair Housing Act • MLS • Appraisal • Inspection • Showing Apt • Open House Real Estate Terms Refresher
  • 3. Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 33 Real Estate 101 Real Estate Brokers and Real Estate Agents • Listing agreements are between Broker and Seller. • An Agent is a Sales Person who works for the broker. • Commission will be paid to the real estate broker.
  • 4. Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 44 Real Estate 101 The Fair Housing Act A federal law in the United States that prohibits discrimination in housing. Protected Classes Are: • Race • Color • Religion • National Origin • Sex • Handicap • Familial Status www.hud.gov
  • 5. Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 55 Real Estate 101 The Multiple Listing Service (MLS) • MLS lists all properties with a listing contract. • Buyer's agents will learn about your property listing.
  • 6. Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 66 Real Estate 101 Appraisal • We will set the final asking price on your property based on this market value estimate. • Buyer's lender will require an official appraisal of the property from a licensed appraiser. • It may be different than the market analysis that we provide you.
  • 7. Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 77 Real Estate 101 Inspection • Goal of a home inspection is to give the buyer an objective analysis of the condition of your property. • A professional inspector will typically check • Electrical systems • Plumbing and waste disposal • Water heater • Insulation • Ventilation • HVAC system • Water source and quality • Waste disposal • Pests • Foundation • Doors • Windows • Ceilings • Walls • Floors • Roof • Radon gas • Asbestos • Lead paint
  • 8. Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 88 Real Estate 101 Showing Appointments / Open Houses • Buyers will arrange showing appointments to see your property through their agent or through me. • When a buyer is scheduled to see your property, it's best if you, your family and pets are not home. • Open House are another option. Open Houses are usually most effective on the weekends during several hours in the afternoon. • An aggressive showing schedule will help us sell your property quickly, which is our ultimate goal.
  • 9. Copyright © 2013 Century 21 Real Estate LLC. All rights reserved. 99 Real Estate 101 Home Staging • Home staging is designed to market and sell your home in a way that's appealing to the largest buyer audience possible. Staging uses simple design principles, and may radically alter the way that your home is arranged and decorated. • Staged properties spent 67% less time on the market than non-staged properties.
  • 10. 10 510.969.2848 www.cvhometeam.com Terms we covered…  Real Estate Brokers and Real Estate Agents  The Fair Housing Act  Multiple Listing Service (MLS)  Appraisal  Inspection  Showing Appointment  Open House  Staging