price: Important to Price Your Home Right
- 09/13/23 08:21 AM
Currently homes are not selling fast as we have experienced in the past, but homes that are priced right are selling. Many of these homes are selling quickly and some are receiving multiple offers with a few selling above-listing price. Your listing agent is the person who can give advice on where to price your property. If priced too high this causes buyers not to tour your home and eventually forces sellers to reduce their listing price. The first 2 weeks after listing your house attract the greatest number of buyers. This is why it is important to get the price … (2 comments)
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price: First-Time Home Buyers Budget
- 11/02/21 06:40 AM
The past several months soaring housing prices has brought double-digit gains and locked out many home buyers. This is especially true for first-time home buyers and caused them to stretch their budgets to a dangerous level. By August 2021 per National Association of Realtors (NAR) median home price for existing homes reached $356,700. This is an increase of 15% from prior year. Recently, there has been increase of inventory on the market, but first-time home buyers are still finding it difficult to afford these higher home prices so they can become homeowners. Per NAR, this past year first-time home buyers comprised … (1 comments)
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price: Tips To Sell Your Home
- 09/02/21 08:07 AM
Many home buyers have regrets after they buy their new home. Similar thing happens when seller trying to determine whether to sell their home. Many sellers ask themselves what if? Would it be better to wait to sell? Should I negotiate differently? Should I make more improvements to my property? With a lot of money on the line and having little experience selling a home, you may want to pause and do some research before selling a house. Following are some home selling tips:
Determine if you ready to sell – Selling your home is both a financial decision and emotional experience. … (1 comments)
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price: Home Sellers - Traditional Selling Versus Selling to IBuyers
- 09/05/19 05:36 AM
Now we are seeing a rise in homeowners selling their home to iBuyers versus selling their house on the open market. Selling to an iBuyer offers more convenience and allows the seller to plan their physical move with less stress. Since iBuyers may help make your move less stressful, but which method is more profitable to the seller? Often a seller who sells directly to an iBuyer pays higher fees versus selling the home the traditional way using a real estate agent. At the same time, iBuyer approach may allow seller to receive his cash quicker, and create more certainly on … (0 comments)
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price: Myths That May Keep Home Buyers on Sidelines
- 10/30/18 06:51 AM
Consumers in today’s market tend to have a lot of assumptions about the housing market. Many times, assumptions are incorrect and cause them to miss out on a great property deal. Following are some of the assumptions and opposing viewpoints on some assumptions:
20% Down Payment - Some buyers want to wait until they have a 20% down payment. This may cause them to miss out on a good deal. Historically homes prices keep rising over the long run, therefore, their 20% down payment becomes larger. Since this is true, need to move forward purchasing a house in order to build … (0 comments)
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price: Smart Home Buying Strategies
- 06/06/16 11:06 PM
Home buyers need to be prepared and understand how to approach house buying under different market conditions. First, buyers must be able to recognize when the market shifts. If houses are selling quickly, probably house prices are rising, this is a seller’s market. If there is large inventory of homes, and/or houses are selling slowly, this is a buyer’s market. In a buyer’s market, the buyer has the upper hand and many times can get concessions from the seller. Otherwise, if a seller’s market and homes in short supply, the buyer normally will be required to pay a higher price for … (0 comments)
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price: Understanding Buyer’s Offer
- 10/20/14 12:55 AM
After putting your home on the market, you finally receive an offer from a buyer. If you receive multiple offers, you are going to want your realtor to notify all potential buyers that you are in multi-offer environment and give the potential buyer’s approximately 24 hours to submit their final and best offer. After this has occurred, you will evaluate the offers. Do not get carried away with the dollar offer, be sure to evaluate all the other terms within the offer. Remember seller concessions which may include: personal, or real property, and/or seller contributing to the buyer’s closing cost which … (4 comments)
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price: Mistakes Sellers Need to Prevent
- 08/06/14 04:44 AM
Home sellers face a couple challenges when selling their home. First, is the challenge of mentally preparing yourself to sell your home. This tends to become more difficult the longer you have lived in your current home. Second, completing tasks that will help you property show your home favorability to potential buyers. This includes completing tasks both on the inside and outside of the home. Following list identifies some areas where sellers sometimes take short cuts that end up being a mistake:
· Home Inspection – If you have an older home consider doing a home inspection. Doing a home … (6 comments)
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price: Cost Associated With Net Profit
- 01/15/14 10:32 PM
Sellers many times like to estimate the cost to sell their home prior to making a formal commitment. A seller is likely to experience 7 to 8 percent of sales price as the cost to sell their home. Once you make the commitment to sell, you will need to understand whether you are receiving a good or bad offer from a potential buyer. Prior to your receiving your buyer’s offer, you should get an estimated net proceeds worksheet from your realtor. This document should define the estimated cost associated with selling your property. Following are some cost and fees associated when … (0 comments)
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price: Key Factors When Negotiating In Real Estate
- 05/13/13 12:48 AM
Everyone wants to be successful in the real estate marketplace. The transaction process is unique, and can be very complex. Both buyer and seller desire to have a favorable outcome in which they feel they were successful in the negotiating process. Each party to a contract needs to develop a strong bargaining position so they can realize the most from the transaction. Following are keys that will help you when negotiating:
· Determine the market environment – Is it a buyer or seller’s market, or is it an environment where supply and demand are about equal? It is better … (3 comments)
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price: Considerations When Making Final Decision
- 01/24/13 10:34 PM
Many times home buyers find themselves trying to make final decision between two houses. Each spouse may either have a favorite house or both spouses like two houses equally. This could be further complicated by the fact there are other ready buyers for the houses. At this time, it is important you make a rational decision, instead of being guided by emotion. Before you are caught in this situation, you should have defined your family needs, and budget. Then you are ready to determine the pros and cons of each house. Following is a list of some things you want to … (0 comments)
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price: Determining Market Value
- 12/09/12 11:58 PM
One of the main tasks prior to putting a residential property on the market is to determine the market value or what a buyer is willing to pay for the property. There are several methods that may be used to determine the market value of a 1 to 4 unit property. When selling, determine the listing price by using recent comparable sales data of like properties in the same subdivision and making adjustment for amenities and changes in the market. Sometimes this is not feasible, then you need to choose nearby comparably properties that are similar. Another problem scenario, is selling … (2 comments)
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price: Art of Determining List Price
- 08/22/12 12:02 AM
All homeowners desire to get highest price out of their home when selling. In order to get the optimal price there needs to be research done on similar properties, location, and must have knowledge on how much a buyer is willing to pay for the home. Pricing the home correctly will attract showings, and generate offers. One thing the seller must remember is that price is the most important factor in getting potential buyers to view your home. Also, the seller must realize that the buyer determines the selling price. Here are some tips that indicate the correct list price was use:
… (2 comments)
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price: Suggestions for House Hunting
- 01/26/12 01:22 AM
After you have been pre-approved for a mortgage loan, and have sufficient cash to make a down payment on a house, then you are ready to find a house that meets your family needs and desires. At this point in time, you need to be realistic about your needs and have patience during your house search. You need to determine the neighborhoods that are suitable for your family needs, and know the maximum price you can afford to pay. The maximum price you can afford to pay may be less than the maximum amount approved by your lender. When determining the maximum … (1 comments)
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price: How to Make a Great Offer
- 12/13/11 11:40 AM
After you have been pre-approved to purchase a home, then it is time for serious house hunting. When you find the house you like to call home, then it is time to make an offer. At this point in time, you need to make a good offer. How do I make a good offer? First, you need to understand the market conditions in the area by knowing whether you are in a buyer’s or seller’s market. Second, you need to have financing terms that you are comfortable with. Third, when making an offer the fewer contingencies you have in the offer, … (1 comments)
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price: Should I Buy a New Home versus an Existing Home?
- 11/30/11 01:58 AM
When embarking on the process of buying a home, you will need to make a decision on whether to purchase a new home or an existing home. There is no single right answer to this question. I do recommend you spent some time looking at both new and existing homes prior to making your decision. Sometimes the right decision is based on timing, because there are better deals available with either a new or existing home. You may be drawn to a new home with its shiny new, energy-efficient appliances, more space, larger master bedrooms and closets, etc. On the other … (1 comments)
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price: Keys to Negotiating Lower Home Price
- 11/09/11 07:56 AM
Naturally, as a buyer you want to negotiate the lowest price for your new home. This process is complex and every transaction has some unique qualities. In this process, there normally are some give and take with both the buyer and seller with neither party getting everything they want. As a buyer, how do I develop a strong bargaining position that will benefit me the most in the transaction? Based on experience there are some keys that will help you win at the negotiating table:
Financing: First, get pre-approved with a lender and demonstrate your flexibility to close quickly per the … (1 comments)
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Currently homes are not selling fast as we have experienced in the past, but homes that are priced right are selling. Many of these homes are selling quickly and some are receiving multiple offers with a few selling above-listing price. Your listing agent is the person who can give advice on where to price your property. If priced too high this causes buyers not to tour your home and eventually forces sellers to reduce their listing price. The first 2 weeks after listing your house attract the greatest number of buyers. This is why it is important to get the price … (2 comments)
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