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How to OCR Real Estate for Sale by Owner

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Many homeowners consider selling their properties without a real estate agent to avoid commissions, but many underestimate the complexities involved. Statistics indicate that a significant percentage fail in this endeavor and ultimately hire an agent. To succeed as your own agent, it's crucial to adopt a professional mindset and strategies. In this video, Parker Gray from Kalamazoo, Michigan, shares essential tips for selling homes by owner to maximize chances of success and achieve top dollar for the property. If you find the information helpful, please continue watching.

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Is New Mexico a non-disclosure state for real estate?

The current list of non-disclosure states includes Alaska, Idaho, Kansas, Louisiana, Mississippi, Missouri (some counties), Montana, New Mexico, North Dakota, Texas, Utah, and Wyoming.

What is required for a seller to disclose in New Mexico?

The legal requirements placed upon home sellers with regard to disclosures are laid out in New Mexico Statutes 47-13 et seq., also known as the Real Estate Disclosure Act. Sellers are expected to provide buyers with a written disclosure of all material defects in their property about which they have actual knowledge.

Why did ComFree change to purple bricks?

The Canadian business, set up via the acquisition of DuProprio/ComFree in July 2018 for around 29 million, was the only business that was successful. This signaled the end of PurpleBricks expansion into overseas markets and its ambitions to become a global brand. Thats why we needed to rebrand from Purplebricks.

What is the best property search engine?

The 7 Best Real Estate Websites of 2023 Best Overall: Zillow. Most Accurate: Realtor.com. Best Mobile App: Trulia. Best for Foreclosures: Foreclosure.com. Best for Renting: Apartments.com. Best for For Sale By Owner: FSBO.com. Best for Heroes: Homes for Heroes.

Why does Zillow not show sold prices?

While a sale may be recorded on your countys website, it can take longer to display on Zillow. As soon as Zillow receives sales data for your home, it will appear in the Price/Tax History section of the property page.

Are home sale prices public record in New Mexico?

But, there are 12 states that are still considered non-disclosure: Alaska, Idaho, Kansas, Louisiana, Mississippi, Missouri (some counties), Montana, New Mexico, North Dakota, Texas, Utah and Wyoming. In a non-disclosure state, transaction sale prices are not available to the public.

What is OCR real estate?

Overall Capitalization Rate (OCR) The overall capitalization rate (OCR) is defined as an income rate for the total property that reflects the relationship between a stabilized single years net operating income expectancy and total price or value.

Are home prices dropping in New Mexico?

In January 2023, home prices in New-Mexico were up 5.3% compared to last year, selling for a median price. On average, the number of homes sold was down 33.6% year over year and there were 525 homes sold in January this year, down 791 homes sold in January last year.

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OCR Real Estate for Sale by Owner