home selling: Barbara's Blog - Buying a Home with Cash - 08/18/15 02:26 AM
According to Realty Trac, over 40% of home sales in the first quarter of 2014 were all-cash sales.  For a seller, a cash offer may be the best bet especially with it getting harder and harder for sellers to qualify for a mortgage. But is a cash offer the best deal?
Cash Appeal
It is much harder for some buyers to qualify for a mortgage these days. Even being prequalified for a loan isn’t a sure thing anymore. A lender may check a buyer’s credit the day of a closing and decide they no longer meet their criteria for a loan. Or a … (1 comments)

home selling: Barbara's Blog - Kick Out Clause - 07/15/15 04:13 AM
Usually a buyer with a home to sell will add the contingency that their home has to sell first prior to completing the purchase of a new home. When adding this to an offer, the buyer usually sets a time frame for as little as 30 days to as long as 90 days, depending on the housing market, for their house to sell. The seller has to agree to these terms when accepting the offer because if the buyer cannot sell their home within that time frame, the deal can be terminated and the buyer retains their deposit.
This is a great … (3 comments)

home selling: Barbara's Blog - When Looking for A House Online - 04/27/15 05:05 AM
Looking for a home can be time consuming. So to make it a little easier, many people turn to the internet for information. The internet can be a huge help, but there are a few things you should before starting an internet search.
Don’t always believe what you see. Be wary of online listings with no or very few photos, there is a reason why – usually that the property is in bad condition.  Even when there are photos, be cautious, it’s the listing agents job to present the property in the best light to get buyers interested Read between the … (0 comments)

home selling: Barbara's Blog - Why Your Home Isn’t Selling - 04/01/15 05:01 AM
The housing market is off to a slow start this year.  On average a home is spending about 102 days on the market nationwide according to initial research. Having a house sit on the market for a long period of time is not good for the seller. Buyers tend to think there must be something wrong with a home which is why it is still on the market and will shy away.
Here are some tips to try and get your home to sell faster in a slower market.
Spring is the time of year most real estate professionals feel … (2 comments)

home selling: Barbara's Blog - How CMAs are Helpful - 03/12/15 04:49 AM
CMA stands for competitive or comparative market analysis. It’s basically a generalized look at the local market that can be used by both a buyer and seller.  A buyer can use this report to research what houses are selling for in a specific area and make an offer on a home.  A seller would use the report to help them price the house in a competitive market.
The information in a CMA is gathered from multiple listing services.  Because different realtors use different types of software, the information in a CM A can vary from realtor to realtor.  But in general … (0 comments)

home selling: Barbara's Blog - 11 Ways To Get Your House Sold - 02/02/15 07:46 AM

Selling your home can be stressful.  We all know that the longer your house is on the market the harder it is to sell it.  Not to mention the stress of potentially carrying two mortgages, possibly delaying the purchase of your new home or having to lower your sale price.  Here are 14 ideas that might help get your home sold.
1. Get your neighbors involved.
This may be an extreme idea, but could work.  Offer neighbors that like you – and maybe even those who don’t – a monetary prize to the one who brings you a buyer … (1 comments)

home selling: Barbara's Blog - What a Good Agent can Do for You - 08/15/14 06:14 AM
You already know the less stressful way to sell your home is through a real estate professional, but you may not realize how much your agent really does for you.
A real estate agent is licensed and regulated by the state to sell real estate. But many agents offer above standard services to their clients.
What does that really mean?
It means the agent you choose have the most up-to-date professional advice and services, anything from providing detailed information to work with you on pricing your home, to helping stage your home prior to putting it on the market, to … (0 comments)

Barbara Puorro

Barbara Puorro

Middletown, CT

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