repairs: Things to Do After Buy a House
- 04/16/24 07:13 AM
After you have closed and moved your private property to your new home there are plenty of things to do. Following are a few things you need to be aware of to establish yourself in the neighborhood:
Next door neighbors - You need to meet your neighbors and say hello. Neighbors are a source of local knowledge. These people will be aware of the problems and quirks that exist in the area and be able to share common information about the neighborhood. In addition, if you have children, it’s a wonderful way to get to know families that have similar age children … (3 comments)
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repairs: Home Buyers Should Negotiate
- 01/17/23 06:30 AM
Home market shift has cause home buyers to focus on price as well as other things to make their home buying experience more attractive. Buyers need to better understand the parts of the contract to create a win-win environment for themselves. Buyers now have more inventory and less competition when purchasing a house which means they have greater opportunity to negotiate with sellers. Things buyers should consider negotiating with sellers:
Closing cost – These are fees buyers pay to close a real transaction. These fees are lender, appraisal, title search fees, taxes, etc. The amount of fees may arrange between 3-6% of … (1 comments)
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repairs: Real Estate Trends for Year 2022
- 04/06/22 06:21 AM
This coming year home sellers will hold the upper hand, especially through the spring. As we go into the year buyers will be more sensitive to home price increases. This is caused by higher home prices, mortgage rates and cost of other products which will cause potential buyers to tighten their budget. If this happens buyers will take a step back from the market and focus more on their daily needs which may lead to moderating home prices. Too a degree we have already seen this happen last year due to double-digit home price increase. Going forward there will be a … (1 comments)
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repairs: What to Fix from Home Inspection?
- 01/05/22 06:44 AM
After home inspection, settling on what needs to be repair usually is the last major hurdle for the transaction. Bypassing a home inspection not recommended in most situations. This is the best time prior to closing to discover flaws in the property that could become expensive to correct after becoming the owner the property. Sometimes buyers are uncertain how to move forward on home repair request. This is the time real estate professionals can be helpful by advising their client what should be fixed. Sellers will not fix and should not fix everything that is on the inspection report. Cosmetic issues … (1 comments)
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repairs: Home Inspection – What to Expect
- 06/25/21 06:17 AM
Normally, most home inspections are ordered and completed after a home buyer has made an offer on a property and has been accepted by the seller. At this time, there tends to be much excitement, impatience and anxiety with all parties involved in the transaction. The concern is: what to do if the inspector finds something wrong with home? Do not worry, on resale properties the inspector always finds something wrong, but very few of the homes fail to close. If seller and buyer work cooperatively together, you will find a solution that is satisfactory to all parties. Remember an inspector … (2 comments)
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repairs: 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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repairs: Important Information About Reverse Mortgages
- 04/04/17 05:51 AM
Seniors who are 62 years or older have the ability to use proceeds from their current regular home loan or reverse mortgage to purchase another home. If a senior has a reverse mortgage they still maintain ownership providing they pay their property taxes and live in the home. Having a reverse mortgage still allows seniors to move to another geographical area to be closer to their children or buy a home that meets their physical needs. At the same time, these seniors can eliminate making future mortgage payments. Another advantage seniors have available to them, creates a line of great that … (0 comments)
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repairs: Home Staging Tips That Will Help House Sell
- 04/04/16 11:51 PM
When homeowner decides to sell their home, normally they do not want their home to be on the market for several months. Most sellers want to sell fast and smart. One way to make this happen, prior to listing, is prepare the property so it shows outstanding to potential home buyers. This can be achieved through properly staging the exterior and interior of the home. Following are a few suggestions:
Repairs or updates – Be sure not to overspend on improvements, but be willing make necessary repairs. When doing this, do a role reversal and look at it from a buyer’s perspective.
First … (0 comments)
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repairs: Selling Home – Fix or Not Fix It
- 08/13/15 11:01 PM
In today’s market many home buyers prefer to buy a property that is move-in-ready condition. In addition, these same buyers most likely will bypass houses that are being sold “as is”. As a seller, you need to determine if certain fixes are worth it, which means, are you going to get the proper return on investment. Prior to putting property on the market determine which fixes are worth it. Following is a list of ideas that may help you determine whether to fix-it, or not to fix-it:
Fix-it – major electrical wiring problems, replacing old carpet with new carpet or wood … (1 comments)
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repairs: Net Proceeds from Sale of Your Property
- 04/16/14 11:36 PM
Prior to listing your home, a realtor should provide an estimate of net proceeds to the seller based on market analysis of your home. After receiving an offer, revised net proceeds should be provided to you based on the terms of the offer. In each state, the rules and cost associated with selling property may differ, therefore, it is best to employ the services of a realtor who is trained and understands which costs are normally buyer and seller expenses. Also, remember, most expenses can be negotiated between buyer and seller. Following is a list of expenses a seller may experience … (1 comments)
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repairs: 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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repairs: Why You Need a Home Inspection
- 11/20/13 12:31 AM
When buying a resale home a number of the homes will have at least one major defect. All previous owned homes probably will need repairs and improvements. Prior to making a major investment into your new home, need to be aware of possible problems, and what it will take to correct the problems prior to closing on the house. As a home buyer, you need to be aware of potential problems that may exist in a house, and how to identify those problems. Following are some potential problems that can be found in a house:
· The furnace may have a … (18 comments)
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repairs: Professional Home Staging
- 11/04/13 12:11 AM
Using a professional home stager may be a cost effective way to spruce up your home for a quick sale. Some realtors provide this service to their sellers as part of their marketing package. Staging usually results in a quicker sale and many times greater sales price. This is the result of a staged home showing better than a non-staged property. Many buyers cannot imagine what a home will look like, but can only understand what they see. When staging, it must be done in good taste; otherwise, you may not reap the awards. The following are ideas how you and … (0 comments)
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repairs: Buying a Fixer Upper
- 07/29/13 10:56 PM
When buying a fixer upper may mean the property needs lots of work. If you need a loan to finance the purchase of the property, you may encounter problems with the lender before you secure the loan. First, always have an inspection of the property by a license inspector to determine the structural integrity. Prior to being able to secure the loan, the lender may require the seller to make certain repairs as a result of the appraisal report, such as, roof, drainage problems and bad plumbing, etc. If the seller is not willing to make these repairs, this may cause the deal … (0 comments)
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repairs: SUGGESTIONS ON HOW TO MAKE A HOME OFFER
- 06/24/13 06:15 AM
When you have completed your pre-house hunting preparations, and have loan approval, you are ready to tour houses. After selecting the house you wish to purchase you need to understand the type of market that exists in your area prior to making an offer. Need to know whether you are in a sellers or buyer’s market. This will make a huge difference on what type of offer to make, and how to negotiate. At the same time, be sure you understand your financial condition, the amount you can afford to pay, and terms associated with your new loan. It is extremely … (1 comments)
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repairs: 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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After you have closed and moved your private property to your new home there are plenty of things to do. Following are a few things you need to be aware of to establish yourself in the neighborhood:
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