Zillow Advice: Zillow Questions - What steps should I take in selling 2 houses, mine and my finances, and purchase a new house. http://www.zillow.com/advice-thread/What-steps-should-I-take-in-selling-2-houses-mine-and-my-finances-and-purchase-a-new-house/442990/ Zillow Advice | Zillow Real Estate There are a number of things ... http://www.zillow.com/advice-thread/What-steps-should-I-take-in-selling-2-houses-mine-and-my-finances-and-purchase-a-new-house/442990/ There are a number of things to consider. &nbsp;Ideally you want to begin planning 3-6 months before listing your property. &nbsp;First off gather info, like buying a car. &nbsp;Get on the Internet and check out prices for a few weeks so when you walk on the lot you already know what car you want and how much you are going to pay. &nbsp;A good Agent will gather this info for you. &nbsp;<br/><br/>There are 2 numbers to consider. &nbsp;List price, and the one on the check at closing. &nbsp;The rest of the process is simple for you. &nbsp;That is why I use the name Ez1 Realty. &nbsp;<br/><br/>The entire process consists of a series of market reports. &nbsp;It takes much more than a CMA presented in 5 minutes to make an educated decision. &nbsp;<br/><br/>The next step is estimate the proceeds from the sale of your property. &nbsp;This takes into account all the hidden costs including loans, commissions, and taxes. &nbsp;<br/><br/>Plan on preparing the property for sale. &nbsp;Keep in mind, it HAS to be ready for pictures before it goes up for sale. &nbsp;<br/><br/>Then sit back and wait for the offers to come in. &nbsp;Keep your eye on the market in case adjustments have to be made.&nbsp;<br/><br/>Remember, everything is negotiable. &nbsp;Commissions, loans, selling price, inclusions, everything. &nbsp;Work with someone who is always prepared for the unexpected. &nbsp; Wed, 16 May 2012 17:07:00 GMT http://www.zillow.com/advice-thread/What-steps-should-I-take-in-selling-2-houses-mine-and-my-finances-and-purchase-a-new-house/442990/ 2012-05-16T17:07:00Z I think all the answers below ... http://www.zillow.com/advice-thread/What-steps-should-I-take-in-selling-2-houses-mine-and-my-finances-and-purchase-a-new-house/442990/ I think all the answers below are on key. Understanding what is most important to YOU in a Realtor and then interviewing a number of them until you find one is important. Simple things like communication, follow up, accessibility, etc... might be of high priority to you.<br/><br/>Location is important and depending on where your homes are located you might end up using a couple agents. I will say that if you had 1 realtor that was able to do all 3 you should be able to get a very good deal on the commission.<br/><br/>And the only thing I may add is don't do the cardinal sin of trying to purchase a home before you sell the first two. REO's won't accept any offers contingent upon a sale of another property, and buying a Short Sale with such a lengthy (and uncertain) timeline would make it extremely challenging. Usually once a lender approves a short sale you get something called a "payoff letter" outlining the acceptance terms of the short sale. It is usually only good for 30-45days.<br/><br/>Traditional home sellers may be more flexible but in our current market make sure to sell the homes first. &nbsp; Wed, 16 May 2012 16:51:00 GMT http://www.zillow.com/advice-thread/What-steps-should-I-take-in-selling-2-houses-mine-and-my-finances-and-purchase-a-new-house/442990/ 2012-05-16T16:51:00Z I would suggest interviewing ... http://www.zillow.com/advice-thread/What-steps-should-I-take-in-selling-2-houses-mine-and-my-finances-and-purchase-a-new-house/442990/ I would suggest interviewing a few different realtors and see what they have to offer. Getting references from past customers is always helpful.&nbsp; See what awards they have received over the years. Make sure they are a strong negotiator, this can save you more money than discounting commissions. <br/>Thanks<br/><br/>Sherry Bourque<br/>Century 21 McLennan &amp; Co<br/>Bradford, MA Wed, 16 May 2012 14:54:00 GMT http://www.zillow.com/advice-thread/What-steps-should-I-take-in-selling-2-houses-mine-and-my-finances-and-purchase-a-new-house/442990/ 2012-05-16T14:54:00Z Long before meeting with ... http://www.zillow.com/advice-thread/What-steps-should-I-take-in-selling-2-houses-mine-and-my-finances-and-purchase-a-new-house/442990/ Long before meeting with an agent, I'd&nbsp; suggest the two of you sit down and do some basic financial planning.&nbsp;&nbsp; <br/><br/>Each of you should bring to the table what you currently owe on your respective residences, and estimated market value.&nbsp;&nbsp;&nbsp;&nbsp; For selling costs, plan on 6 to 10% of the selling price (commissions, transfer taxes, helping seller costs etc).&nbsp;&nbsp;&nbsp; What does that leave you?<br/><br/>When you are ready to talk to agents, interview a number.&nbsp;&nbsp; We tend to gather names from friends, relatives, coworkers as well as places like Zillow, phone interview approximately 8 to 10 and then have in person interviews with perhaps 3.&nbsp;&nbsp;&nbsp; Whether or not one agent is appropriate for selling both properties and buying a third is something that only you can decide through these interviews (and location, of course).&nbsp; <br/><br/>When interviewing an agent for selling, ask them to present a marketing plan, CMAs for the properties (and make sure they can justify their numbers),&nbsp; ask about them about communication and availability.&nbsp; These in person interviews have taken us about 2 hours per agent (unless we kick out an unqualified candidate earlier).&nbsp;&nbsp; Remember you are hiring them for expensive transactions so they will be paid if they are successful.<br/><br/><br/><br/><br/><br/> Wed, 16 May 2012 14:53:00 GMT http://www.zillow.com/advice-thread/What-steps-should-I-take-in-selling-2-houses-mine-and-my-finances-and-purchase-a-new-house/442990/ 2012-05-16T14:53:00Z I would do some research ... http://www.zillow.com/advice-thread/What-steps-should-I-take-in-selling-2-houses-mine-and-my-finances-and-purchase-a-new-house/442990/ I would do some research and interview 2 different professional (full-time) realtors in the area.....make sure these realtors are active listing and buying agents in the areas where the homes are located. &nbsp; I would advise you to stick with one realtor so all is handled conveniently and efficiently for you. &nbsp;Ask if they will offer a discounted fee because of the unique application . . . most will work out a contractual agreement that will be a win win for all. &nbsp;If you need a referral let me know.<br/><br/>Donna Birschbach - Keller Williams-Madison<br/><em>[E-mail deleted by Zillow moderator. Please see our Good Neighbor Policy]</em> Wed, 16 May 2012 14:41:00 GMT http://www.zillow.com/advice-thread/What-steps-should-I-take-in-selling-2-houses-mine-and-my-finances-and-purchase-a-new-house/442990/ 2012-05-16T14:41:00Z