Top Real Estate Myths
Buyers eager to sell, and sellers who want the best deal, often perpetuate myths that can harm real estate transactions. Some contain a small amount of truth, while others are completely false. Buyers might believe they are entitled to have every currently popular feature tin the home they choose to buy. Sellers might have heard they’ll get back every dollar they invested in remodeling. The right realtor can advise both buyers and sellers on the best way to sell and purchase based on real data and time-honed knowledge of local markets. Here’s what you need to know about these common real estate myths:
1. Sellers Must Change Their Paint To Neutral Before Putting Their Home on the Market.
Generally, this statement is false. Bold colors aren’t always a bad thing, especially if they play up a unique architectural feature. Even if this doesn’t apply, don’t race to cover your handiwork just yet. Offset bold colors...
5 Reasons You Need a Real Estate Professional
Many people wonder if they need a realtor when buying and selling a home. Listings are available online for buyers, and sellers can post their home on websites like Zillow and avoid paying a commission. While this may seem tempting, it can also be a mistake. Here are a few compelling reasons why hiring a realtor gives you an advantage over DIY:
1. More Education and Experience
The number one advantage of hiring a real estate agent is simple: they’ve been in the business for a long time. Realtors know the ins and outs of negotiations, inspections, fair market pricing for your area, and more. If you’re listing on your own, you may not know if you’re setting a fair market value price – and if your negotiations will lead to an advantageous sale. A realtor is available to answer your questions, help you pick a price that works for your needs and the market, and navigate the negotiation and offer process....
Look for a Realtor That Does These 6 Things
Some realtors say they prioritize customer service, but end up being too busy to return phone calls, or out of reach when buyers want to view a property. How do you know which realtors are truly committed to your best interests, and which are talking a big game? Look for the following characteristics in your real estate agent:
1. They Anticipate Your Needs.
A good agent will do more than just respond to your requests – they’ll anticipate them. When your agent meets one of your expectations before you voice it, you know they truly care about your goals – and helping you achieve them.
2. They Respond Quickly
Real estate can be a fast-moving business. As such, speedy communication is key. When you place a call to a realtor about an offer or even a showing, you have the reasonable expectation of a speedy response. If you miss out on a home opportunity because you couldn’t get your realtor to return...
How to Sell Your Home in the Off Season
There’s a common notion in realty that sellers should not list after Labor Day, due to a slow-moving market. While it’s true peak season for home buying is spring through mid-fall, selling in the holiday season is possible with the right approach. There are fewer buyers, but those who are searching are often highly motivated. Here’s what you need to know about listing and selling your home this holiday season.
1. Embrace the Season.
The right staging can help your home look more attractive and take it off the market faster. Since you’re listing during the holidays, why not deck the halls? Set out a few of your strategic holiday decorations and light an evergreen-scented candle before showings. Keep in mind, however, that large decorations can crowd your home and make it look smaller, and general winter-themed decorations are best, since religious themes might offend some potential buyers.
2. Curb Appeal Is...
What to Look for in a Professional Moving Service
What will you do if your home sells right away? Today’s real estate market is hot, and buyers who list with the right realtor often find they quickly receive offers. You might even end up with a cash buyer who wants to close in just a few weeks. It’s a good idea to have a plan for what you’ll do when you receive a contract.
Hiring a moving company is one way to ensure what’s next goes as efficiently as possible. You need to be informed before you hire: Get references, watch out for extra fees, avoid a blank moving contract, and take inventory before you begin packing. Here are some suggestions to help you in hiring the best movers at the best price.
Hire a Local Company
If your move is local, look for a moving company you can visit to meet staff members and to examine their equipment. Avoid companies that work strictly online. Check to see if the company is active in their local community, a sign of...
Home Buyer Turnoffs
There are factors that can kill a home sale. When buyers look at photos of your home online, if they are poor quality or show a cluttered, dark environment, they’ll click on to the next one. If your home lacks curb appeal, buyers will drive right by without stopping. Some features can’t be changed, and homeowners should be aware of their impact on home value. Smart sellers stage their home for maximum impact so it appeals to a wide variety of buyers.
This article will detail the biggest turnoffs in a home and ways sellers can avoid them on the way to a successful sale.
Nothing turns a buyer off faster than an unclean home. Dirt, odors, and stains derail any showing. Many realtors won’t even show a home if it’s not in the best possible condition. Clean everything multiple times. Make sure your house smells new and is free of strong or...
How to Avoid Getting Turned Down for a Mortgage Loan
Home ownership is a dream for many families, but the dream can be derailed if you haven’t planned for obtaining financing you’ll need. When we’re younger, we don’t always think about how our choices will affect our financial possibilities a few years down the road. Some people would love to buy a home for their families, but they don’t think they can qualify for a mortgage, and the idea of getting turned down creates a lot of anxiety. However, there are options, and many people rise above credit issues, lack of liquid income, and other obstacles.
Follow these steps to help ensure you can obtain the funding you need to buy your dream home.
Know Your Credit Score
This step may seem insignificant, but knowing where you stand going in will help you manage expectations. A history of missed payments or frequent late payments, can reduce your credit score and stop an application in its tracks. Before...
6 Steps to Getting Multiple Offers
In today’s recovering housing market, a well-priced property can lure multiple bidders and initiate a bidding war between potential buyers. If there are multiple bidders, your house seems more desirable and attracts more interest. Buyers don’t want to risk losing an opportunity, so they are motivated to put their best offer on the table.
The seller is in an extremely fortunate place in such circumstances; however, it can also be confusing. While buyers don’t want to lose the home of their dreams, sellers face multiple options of how to proceed to maximize their profit from the sale.
Here are some strategies that can help create the ideal conditions to attract several buyers.
Price to Sell
If your house is overpriced, buyer interest will decrease. To drive up interest, thereby attracting multiple offers, your house needs the right price. It...
How to Come Up with a Down Payment and Still Pay Your Bills
Saving enough money for that 20% down payment on a home can seem impossible when faced with paying off college, establishing a new career, and starting a family. However, local assistance programs do exist that can help you reach your goal of homeownership. Some employers offer aid. Often a budget makeover can go a long way toward amassing the necessary funds.
Consider these options for raising the money to buy a new home.
Take Advantage of Where You Live.
The nationwide programs that allowed for zero down payment loans are gone, along with the federal home buyer tax credit and the use of tax credit funds toward a down payment and closing costs. What once was driven by the federal government has moved down to the local level. Options abound for people with varying levels of income, particularly those with limited means...
5 Benefits of Buying Instead of Renting
Should you buy a home or continue to rent? Interest rates are increasing and homes are selling for record numbers. Buying a home is expensive. At the same time, rent just keeps skyrocketing, and many people are paying more to rent than they would to own their own home. Is renting just throwing away money you could be putting toward an asset? If you’re thinking about buying a home, here are some of the benefits.
Boost Energy Efficiency
If you’re living in an aging home or apartment complex, the money you’re paying to heat and cool it may be literally going right out the window. If you pay your utility bills, your landlord doesn’t care what it costs you to keep things comfortable inside. They’re not likely to replace windows or install more energy-efficient insulation.
If you buy your home, you can look for one that already has energy-efficient upgrades. Higher SEER air conditioning units save a bundle over older...