Dual Agency: A Dual Agency is when the listing broker represents both the seller and the buyer. A Dual Agent has a fiduciary responsibility to both parties and cannot disclose confidential information to either one. It is possible for a dual agency to occur with two agents if the agents are licensed by the same broker.
Remodeling Prior to Sale
Getting your home ready to sell might require some work before putting it on the market. This will ensure getting top dollar for your home. However, you also don’t want to go overboard on any renovations because you won’t see a return on your investment. Here is a list of renovations that can have an impact on what a buyer will be willing to pay for your home.
– Upgrade to stainless steel appliances
– Install stone or granite countertops.
– Replace knobs on cabinets (Make them shiny)
– Replace the sink faucet
– Make sure the toilet does not look old or dirty and flushes properly.
– Make sure the bathroom has good lighting.
– Reglaze the tub (Reglazing saves you money instead of replacing the tub)
– Replace dated lighting with current light fixtures that will give your home a modern appearance. (Examples: Track lighting, ambient lighting, task lighting, LED Lighting)
– Trim existing plants.
– Plant trees and shrubs.
– Create flower gardens.
– Replace the mailbox.
– Consider painting the exterior (Choose neutral colors)
– Consider replacing exterior doors.
– Remove dated wallpaper.
– Repaint with neutral colors.
– Consider replacing dated carpets or flooring.
Before starting with any renovation work, it is best to consult with a real estate professional in your area. A professional would be able to tell you which renovations will improve the value of your home because they are important to buyers in your area.