Category: Home Seller Advice

Should You Sell or Rent When It’s Time to Move?

Most people sell when their current homes are no longer right for them. But renting your home can actually be a more lucrative option than selling it.

There are many factors to consider when deciding whether or not to rent out your home. You must consider your financial situation and current market conditions, among other things. Here are the basics if you’re thinking of turning your home into a rental property.

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What to Do When Your Home Is on the Market Too Long

A home that sits on the market too long doesn’t hold much interest for potential buyers. Why would they be interested in something that it appears nobody else is interested in? People often assume that there is something wrong with a home that’s been sitting for a long time.

There are a variety of reasons why homes are on the market for a long time. If you find yourself in this undesirable situation, what can you do about it? Here are some ideas to help generate more interest in your home (and if you haven’t listed your home yet, here’s how to prevent this problem).

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Unique Homes for Sale Around the Country

Your home will look boring compared to these that are currently on the market. They’ve got to make you wonder if your home needs a little more character!

Who knows, maybe you’ll get some good ideas for your home. But really, just for fun, here’s a peek into the listings for some of the unique homes that are currently on the market.

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Home Sellers: Are You Disclosing Everything You Should?

Most states require that sellers disclose certain material defects when they sell their homes. As a seller, it’s a good idea if you know what defects your home has before you even put it on the market. That way, nothing will take you by surprise when you have a potential sale.

Certain material defects can substantially affect the price of a home. In fact, some of these defects can even stop a home sale completely. To prevent the frustration that happens when a pending sale is derailed by unexpected discoveries, look into these issues before you even put your home on the market. Continue reading “Home Sellers: Are You Disclosing Everything You Should?”

What to Do If Your Appraisal Comes in Low

Various market conditions can negatively affect the appraisal of a home you’re selling, making the appraised value lower than the sales price you agreed on with a buyer. In a seller’s market, appreciating home prices often make low appraisals a non-issue, but in a buyer’s market, falling prices can lead to your appraisal coming in lower than your agreed upon sales price.

This can be a problem because lenders will only lend on the appraised value. If your appraised value is lower than the agreed upon sales price, you’ll have to make up the difference in cash, or cancel the deal. There’s no reason to panic if your appraisal comes in lower than you expect it to, though. There are several steps you can take that may keep your deal from falling through. Read on to find out what options you have in the event of a low appraisal. Continue reading “What to Do If Your Appraisal Comes in Low”

Staging Equals Success

When you go to an interview, you dress for the occasion—a nice suit, a sharp haircut, an appealing color palate. You do this because you know that first impressions matter. And they matter a lot. They matter so much, in fact, that most people will assess their like or dislike of a new acquaintance in a matter of a few seconds to a few minutes. BAM! Even though we know we shouldn’t judge a book by its cover, many (most of us, really) totally do. This principle is equally as important in real estate when your home’s first impression tends to be its lasting impression on a potential buyer.

Home staging is a growing business type with multiple firms all over the United States. Though many home sellers think they can dress up their own home sufficiently for it to sell, a home stager can potentially decorate your home to sell faster and at a higher price than you could. Though they can’t guarantee success 100% of the time, following are a few very good reasons to consider hiring a home staging company when selling your next home. Continue reading “Staging Equals Success”

Sell in the Winter

Though the market slows the winter, that doesn’t mean that you can’t or won’t sell your home. There actually may be some advantages to home selling in the chilly fall and winter months.

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Bringing in the Bucks: How to Increase your Home Appraisal

When you’re putting your house on the market there’s a lot to think about—and how to price your home is probably one of the first things you’ll mull over. In the buying and selling process an integral step is the home appraisal when a licensed professional from the state assesses the worth of your home.

Even though fresh baked cookies and fragrant flowers might make a good impression, there’s a lot more that goes into an appraisal than how nice of a host or hostess you are. In order for your home to be appraised well, consider the following home improvement projects you might undertake while getting your home ready to be appraised and sell. Continue reading “Bringing in the Bucks: How to Increase your Home Appraisal”

A Quick Step-by-Step How-To Guide: Selling and Buying Simultaneously

There are a select few of us who ever buy our dream home the first time around. For most of us, our starter home is a place of fond memories, of tight quarters, and one from which we are excited to “move up”. Because of this, it is highly likely that your life will find you selling one home and buying another at the same time.

Selling and buying simultaneously isn’t necessarily a difficult task, though it is one with numerous moving parts, each converging toward one main goal. If any one of the moving parts becomes stuck or moves in a different direction, it can throw off the entire mechanics. Therefore, we put together this quick step-by-step how-to guide on selling and buying simultaneously to give you a feel for how the process works. Continue reading “A Quick Step-by-Step How-To Guide: Selling and Buying Simultaneously”

How Should You List Your Home: Empty or Furnished?

It’s a question with opinions as divided as crunchy or creamy peanut butter, and one debated more furiously than which came first, the chicken or the egg—should you list your home fully furnished or completely bare?

It seems that there’s a bit of contention in searching for a definitive answer on the matter. Just like every other either-or debate, the answer lies somewhere in between. Some Realtors prefer empty, others prefer a lightly furnished home. But which is right for you?

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5 Awful Things That Make Potential Buyers Want to Burn Your House to the Ground

You’re selling your home, but no one seems to want it. You’re in a good neighborhood, there are good schools nearby, yet everyone seems to leave in disgust shortly after looking at your home. It’s priced well, so what could it possibly be?

 

Chances are if any of these 5 things describe your home, potential buyers are probably thinking more about setting fire to it than actually purchasing it. Check out (then immediately fix) these five things that are turning buyers away from buying your home.

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Sellers and Buyers: Take Advantage of An Assumable FHA Mortgage

It doesn’t matter whether you are selling your house, or trying to buy a new one, you want to have an advantage. For sellers, you want something that sets your house apart from the rest on the market. For buyers, you want to be able to qualify for the mortgage you want and get the best deal possible. Wouldn’t it be awesome if there was something that could give sellers and buyers this advantage at the same time?

Surprisingly enough, the FHA mortgage might just be this golden goose. FHA mortgages are assumable, which means that a qualified buyer can take over, or assume, the mortgage currently held by the seller. Why would you want to assume someone else’s mortgage? Because when you assume the seller’s FHA mortgage, you assume their interest rate. Let’s talk about how the assumable FHA mortgage creates an advantage for both sellers and buyers.

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50 Things to Know Before Selling Your Home: What You Need to Know to Succeed

Have you wondered what forms you need when selling a home? Do you know how to determine the value of your home? Do you know how to find out the prices your neighbor’s home sold for?

These are a few questions answered by Donna Batdorff in her eBook 50 Things to Know About Selling Your Home. In it, she addresses the major concerns first time sellers have about the overall process of putting their home on the market, as well as detailing potential benefits and pitfalls that could help or hinder the sale. Donna was gracious enough to share the first 10 items from her full list of 50 Things to Know. Don’t forget to download the full eBook here.

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When a Short Sale Buyer Backs Out

Selling your home as a short sale can be a stressful situation. It is often the result of financial hardship and is never an easy decision to make. You put your home on the market and hope for the best. Lucky for you, the market is booming with buyers so your Realtor is able to negotiate a great contract. Lenders require an offer to purchase as part of a complete short sale package, so this is often the final piece of information needed to initiate the process.

The problem is, that due to the potentially lengthy process of a short sale, the buyer may not wait around until you receive an approval from your lender on the sale. Since you’ve most likely taken your home off the market and made plans to move, this can put some sellers into a tail spin. So, what does happen when a buyer backs out of a short sale contract? Depending on how far along you are in the short sale process will determine your options. Continue reading “When a Short Sale Buyer Backs Out”