home selling: 5 Tips for Using Appliances to Sell Your House - 09/28/20 06:36 PM
It’s common knowledge that purchasing a home will set you back several thousands of dollars on top of the purchase price. Closing costs and fees can add up to 2% to 6% of the mortgage amount when financing. 
 
However, when it comes to selling, homeowners end up shelling out a decent amount of money again — up to 10% of the home’s value, according to haus.com. So on a $300,000 property, a seller can expect to spend up to $15,000 on real estate agent commissions and other selling costs. A portion of that will go towards preparing the home for market, including … (1 comments)

home selling: 5 Approaches to Consider When Selling an Inherited Home - 12/11/19 11:14 AM
A real estate sale is often more than just a financial transaction. Our homes offer shelter and they give us a sense of place and belonging. We fill them with memories and mementos, and we associate them with the family or friends who lived there. That’s why selling an inherited home can be such a complex transaction — this involves navigating the sales process and working with sellers who may be emotionally distraught over the loss of a loved one at the same time. 
 
Let’s take a closer look at the challenges of selling an inherited home:
 
Tackling conversations with grieving families:
Everyone experiences … (0 comments)

home selling: Implications of Mortgage Refinancing When Selling a Home - 10/21/19 06:54 AM
The Federal Reserve continues to maintain historically low mortgage rates, which is a boon for buyers. These low rates are also highly beneficial for homeowners looking to refinance existing mortgages. Whether or not a homeowner should refinance a mortgage, however, depends on what he or she intends to do with the home immediately following a mortgage refinance. 
 
Real estate professionals need to be equipped to address questions regarding this topic as they arise with current and potential clients.  While homeowners may be partially informed on the impact of mortgage refinancing, many may not have a complete picture of what mortgage refinancing is, … (0 comments)

home selling: 5 ways climate change is impacting the housing market - 09/11/19 08:18 AM
 
When someone mentions climate change, your first thoughts might turn to climbing temperatures. However, according to the National Oceanic and Atmospheric Administration (NOAA), climate change extends beyond temperature. The things we rely on, including water systems, energy, transportation, ecosystems, and human and animal health are all changing because of the climate. 
 
What should the real estate community worry about most about the climate? 
When it comes to the housing market, there are significant concerns real estate agents and homeowners should understand. One is the rising sea levels in coastal areas, which puts communities at a greater risk of flooding. Louisiana, Delaware and New … (0 comments)

home selling: How to Increase the Market Value of Your Property - 03/25/19 08:56 AM
How to Increase the Market Value of Your PropertyBefore putting your home on the market, it's important to do what you can to increase its value as much as possible. Even if you aren't planning on selling your home anytime soon, knowing which changes add significant value to your property can be helpful in the future.
 
Even inexpensive changes can add thousands of dollars to your home's market value. These cost-effective renovations could be the difference between being upside down on your mortgage and making a profit.
 
Consider making a few of these changes to significantly increase your home's market value before putting … (0 comments)

home selling: Northeast Home Values May Drop as Foundations Crumble - 11/29/18 11:11 AM
Massachusetts homeowners are starting to encounter crumbling foundations, an issue that more than 35,000 Connecticut homeowners know all too well. The problem stems from using a mineral called pyrrhotite, which causes concrete to corrode and crack over time.
 
This type of foundation issue isn't typically covered by home insurance, which is a cause for concern for Massachusetts homeowners as well as the rest of the United States. Homeowners will experience difficulty selling a home for the same value if the foundation is vulnerable to cracking and crumbling.
 
Will Homeowners Insurance Cover the Damage?
 
Connecticut homeowners with deteriorating foundations due to pyrrhotite found that insurers … (0 comments)

home selling: Aside from Weather Concerns, It's a Great Time to Sell in Tennessee - 07/18/18 09:39 AM
In early 2018, the real estate market was concerned with how rising interest rates would affect the number of people buying homes. According to the Real Estate Sentiment Index (RESI), the increased interest rates have not deterred those looking to buy, as originally expected. Instead, the No. 1 factor impacting buying is the lack of inventory.
 
Many homeowners who have been on the fence about listing their houses are considering it, as real estate agents in Tennessee are declaring now a great time to sell. Home prices are increasing in many parts of Tennessee, as home inventory is becoming more limited. Buyers … (2 comments)

home selling: The Pros and Cons of New Landscaping When Selling Your Florida Home - 06/04/18 08:58 AM
The U.S. housing market has shown strong signs of trending in favor of sellers, especially in Florida. Recent data shows that there were 7.5% fewer homes on the market in the first quarter of 2018 for Florida than there were during that same period in 2017. A tighter market is good for sellers, but it's no guarantee you'll be able to effectively sell. And some other home costs, such as home and hurricane insurance rates, have been rising in the state. There are several ways you can improve the look of your home, but one tried-and-true method is improving the "curb appeal" by investing … (0 comments)

home selling: When's the Best Time to Sell Your Home? - 05/29/18 08:33 AM
As summer approaches and peak home-selling season comes to a close, homeowners looking to sell should think about listing soon. In most areas, the best time to sell your house starts in March and continues through June, when the weather is nicer and offers more hours of daylight, making buyers more willing to head out for hours at a time to view homes. Also, many parents are looking to relocate before the beginning of the next school year. 
However, the best time of year for selling also depends on where you live. For example, warmer climates in states such as California may … (2 comments)

 
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