Buyers walk into your home and fall in love with it. There is one problem-they will have to sell their home before they can buy yours. Their offer contains a contingency clause which makes the purchase dependent upon selling their present home.
Should you accept such an offer?Your decision should be based on several factors. Is their home being professionally marketed at this time, or are they trying to sell it themselves (a risky proposition!)? How long has it been on the market? Is it overpriced? If the house … (0 comments)
realtor in berkeley heights: PAINTING AN ACCURATE PICTURE Berkeley Heights, Long Hill and Beyond
- 01/29/08 04:41 AM
As a Sellers' agent I want to show my clients property in Berkeley Heights and Beyond area it's best light, literally. For instance, I know to monitor the Multiple Listing Service (MLS) listings on a daily basis and evaluate its ability to attract attention. This means, among other things, that if a Sellers place their home on the market in the spring, and the MLS picture shows no leaves on the trees, it is time for a picture update. An outdated picture may seem like a small matter, but it can give potential Buyers the impression the the house has been languishing on the … (13 comments)
realtor in berkeley heights: SWEATING THE BIG STUFF
- 10/10/07 10:41 AM
If you are looking for an increasingly scarce bargain in the housing market, consider the time-honored tradition of using you own "sweat equity." By purchasing a property that needs some repairs and renovations that you can handle on your own, you can have a finished product that has your personal touch for less the the cost of a home that is already similarly finished. As always, we have to make sure that the location of your fixer-upper is good. Remodeling a bad house in a good neighborhood is preferable to fixing a relatively good property in an undesirable neighborhood. After that, make … (19 comments)
realtor in berkeley heights: SELLERS AS LANDLORDS
- 10/08/07 11:46 AM
According to some estimates, a combination of more renters and fewer rental units nationwide may boost rents five to ten percent in the coming year, This could provide an opportunity to sellers, who find themselves in the unenviable position of having purchased a new home without having sold their own. These homeowners find themselves caught between two homes, paying mortgages on both. One way out of this circumstance, besides placing home in a favorable market position, involves sellers becoming landlords and renting their homes until conditions become more favorable in the housing market. In some cases, they may find renters who make … (8 comments)
realtor in berkeley heights: TOUTING YOUR HOME'S ENERGY EFFICIENCY
- 10/08/07 04:44 AM
As fuel costs rise, consumers are paying increasing attention to energy efficiency, This means that, just as car buyers are looking for high-mileage vehicles, prospective home-buyers are giving more scrutiny to the heating/cooling costs of any house in which the might be interested. Sellers can appeal to this concern by doing their utmost to tout their homes' energy efficiency. Because of warm winters and cool summers can render actual fuel costs as somewhat in-precise fuel-efficiency indicators, sellers should mention insulation R-values in ceilings/walls, energy-efficient windows, furnace/boiler upgrades, passive solar rooms, wood-burning stoves, and other forms of alternative energy devices. If any … (0 comments)
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