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Did you know?
8 in 10 homeowners expect the value of their homes to go up either "a little" (55 percent) or "a lot" (26 percent) in the future.
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Homes are an investment, and if you don’t sell it for more than you bought it for, you will probably be extremely disappointed. Even though this is a seller’s market and you may have a bidding war on your home, times are still tough for many Americans and some homes have depreciated in value. So, how do you make sure you’re actually getting what your home is worth? First, get a Realtor. Then, check out this post at LJ Hooker for tips:
-Pick the right agent- While you know your home inside-out, a real estate agent can take this knowledge and actively promote it.
-Present your home in the best possible light- stage and repair your home for open houses and showings.
-Focus on curb appeal- spruce up the front lawn, since it’s the first thing people will see.
-Give your best room some love- It’s often thought that the kitchen rates highly on potential buyers’ list of considerations, so ensure this space is fresh and full of light.
When talking in terms of the money it takes to buy a home, even a small mistake could make you lose thousands. That’s why it’s important for anyone buying or selling a home to get themselves a Realtor- they will make sure you save as much money as you can. Thinking of buying a home? Read this post by Maryalene LaPonsie at Yahoo Finance first, and avoid these costly blunders:
-Ignoring your credit score. Lower scores = higher interest rates.
-Not getting pre-approved for a loan- it will give you a realistic number to use while shopping.
-Going with an inferior agent, or none at all. You get what you pay for.
-Skipping an inspection- to make sure the home does not have any costly or dangerous problems.
Not gonna lie, this is pretty much my dream house- except for the singing. Haha!
For buyers on a budget, getting a fixer upper at a discounted price can seem like a great way to save major money. House flippers and real estate investors also comb the markets for them, to sell them for a profit. If you have experience with carpentry and repairs, buying a fixer upper might be a great option for you. However, if you don’t know what you’re doing, it can just turn into a giant sinkhole. You’ll lose money, and your home will be falling down around you. If you are considering a house that is a little more used, check out this post by Anita Clark at Selling Warner Robins:
-Finances: Crunch the numbers. Figure out if the cost of the house plus the repairs will be more than the house is worth once the repairs are done.
-Consider the job: No doubt about it, restoring a fixer-upper home will most likely become a job. Often times one that takes several weeks to complete.
-Look at other considerations: think about the location of your home, as well as any “surprise” costs you may run across.
In the current market, sellers are bound to have pretty good luck if they list any time. But, what season gives you the most bang for your buck? When are most buyers out looking? When are you more likely to have multiple, competitive offers? Well, look no further! This post by Alyssa Esposito at the Comfree blog has all the answers:
If you’re looking for a simple solution, spring is the best time to sell your home. That’s because families are looking to move into a new place before school starts in September.
The problem: Every other homeowner thinks spring is the best time to sell a house too!
Be aware of what’s going on in your local market. Do some research and find out how quickly other homes are selling and for how much. If houses in your area are selling like hotcakes, whether it’s winter, spring or fall, it’s a good time to sell.
If you have decided to buy a home for the first time, congratulations! You probably have a lot of questions. First of all, what now? Where do you start? The home buying process can seem complicated and confusing, but it really doesn’t have to be. I absolutely love this post by Andrew Fortune at the Great Colorado Homes blog- he breaks down the entire process into a simple, easy-to-understand checklist. Here’s what to do first:
-Q: What’s the first step to buying a home? A: Getting pre-approved for mortgage.
-Q: How long does it take to buy a home? A: About 30 days from offer acceptance to close.
-Q: What does a Realtor do? A: A REALTOR® is your most valuable asset when buying a home. They will walk you through every part of the home buying process. They will educate and inform you of all your options. They will represent you throughout the transaction and beyond. Plus, the seller pays the Realtor’s fees in almost all transactions.
This guy built a tree house with a bicycle powered “elevator” to get him up and down. Officially the coolest thing I’ve seen this week!
Developing bad habits is so, so easy, and breaking them is so terribly hard. We all fall into unhealthy ruts, either personally or professionally. However, having bad habits as a Realtor can seriously damage your career! Your clients depend on you to be responsive, professional, and assertive. Check out this post by Jessica Schweppe at the Zurple blog for mistakes to avoid as an agent:
-Don’t take forever to respond to lead and client inquiries- With cell phones on us constantly, there is no excuse for not calling, texting, or emailing back within an hour- the sooner, the better.
-Don’t “misrepresent” your listings- Also known as lying. You don’t have to point out the house’s problems, but don’t over-exaggerate anything.
-Don’t be too aggressive, or too passive- Find some place between bully and total doormat. Always stand up for your clients, but maintain a professional attitude.
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