When you decide to sell your home, the first question you need to ask is how much your property is worth. You can hire an appraiser to do that, but who wants to spend on appraisal right away? So today, I will talk about the basics on how to determine your property's current market value. For single family homes, there are two basic methods used in real estate appraisal: 1) Replacement Cost Analysis, and 2) Comparable Sales Method.
In today’s real estate market there is a lot of uncertainty. The sub-prime mortgage crisis is the buzz word phrase that has a lot of people talking. One lesson that can be learned from this situation is that it is so important for prospective homeowners to know what they are getting themselves into. Buying a home can be stressful, and overwhelming, but knowing what you are signing on for is paramount to securing an investment that will serve you well.
As you consider selling your home, you might be thinking “Why do I need a Realtor? What value does a Seller's Agent bring to the table?” Yeah, I get it. You don't want to pay for agent commissions. But before you completely eliminate this option, I think, you owe it to yourself to know and understand what a real estate agent can really do for you. And as a licensed Realtor myself, there are five areas, among many other things, where I can help you in your home's sale.
All new things can be a little frightening or intimidating at first. The same is true when it comes to flipping houses. Many people feel several times during their first flip that they have gotten in over their heads. The truth is that it will take more than a few flips to feel comfortable with the process. Most people make very little, if any real profit on their first flip and write it off as a learning experience only to enter into the next flip with newly learned lessons and a positive attitude.
There are few purchases in life that carry the financial and psychological weight of buying a home. Whether you are buying your first home, moving up to your dream home, or downsizing your home and your life after the kids have gone, it is important to understand the ground rules for success in the world of buying a home.
Yes, you should fix all of the obvious things you can. When buyers visit homes, they look for the things they see that obviously need some fixing. Most buyers would rather not see the repairs in front of them. They want to buy a house that is in ‘perfect’ shape. Put yourself in the buyer’s shoes. Would you want to repair or fix up anything in your new home? No, you would not.
Many communities have associations for homeowners, property owners, condo owners, or similar associations. The presence of a Home Owners Association, also known as “HOA”, introduces another layer of rules and regulations to consider when buying a home. Some people love these associations, while some hate them and would absolutely never live in a residence with HOA.
While every home-buyer is different, there are some common themes among those that are looking for a new home. Every buyer wants a quality home that they will be proud to live in and won’t fall apart within months or even years. Most home-buyers are focusing not only on quantity in the way of square footage, but also quality, as that is what gives a home its worth.
Yesterday, I wrote about some of the things you need to consider when selling a home. Today, let's talk about what you should consider when purchasing a home. The real estate market has been rather erratic during the past 15 years, which is why more and more people are looking into buying a home. As the purchase of a home is a major decision and the largest purchase you may ever make, there are a few things that buyers should look for in their journey to finding the perfect home.
Although the real estate market has cooled off a bit, it is still a hot market in historical terms. As a seller, this is good news when you decide to sell your home. Some time 10 years ago or so, selling a residence was laughably easy. In some markets, it was clear that you could list practically anything and get an offer within a week or so. The market was so hot that some homes sold before actually appearing in MLS listings and such. For sellers, it just didn’t get any better.
You’ve decided to take the plunge and sell you home. More than a few people have innocently asked me, “What happens to my mortgage when I sell my home?” And hey, that's a very legitimate question! You don't want to be homeless and find out later on that you still owe a ton of money on your mortgage. Now, that wouldn't be such a great position to be in, would it?