Feb
04

The Pros and cons of Selling your home

Moving is always a difficult thing to do, and having to selling your current home will only add to the difficulties. It doesn’t matter how much you are looking forward to moving to your new home, it can still be a very stressful process.

Being able to quickly find a buyer for your home is the ideal situation.

However, having an unoccupied home that you have to continue paying for can become a  serious financial burden for you, especially when the selling process drags on for a long period of time. Selling your current home before you have to begin paying for your new home is the best choice for your bank account.

 There are many tips that experts boast about that claim to increase your chances of unloading your home quickly. But few compare the pros and cons of different ways you can sell your home.

Choose the right method for you when  selling your home.  Below are some essential tips to help you decide the best way to sell your home.

 Real Estate agents are  still the most common way to find a buyer for your home. Real Estate agents are the best choice for homeowner trying to sell their home while accomplishing countless other things.  Many home sellers are also uncomfortable dealing and negotiating with buyers directly.

 A good Real Estate Agent can eliminate a lot of the stress of  selling your home by dealing with potential buyers and much of the paperwork that comes with selling a home. However, it can still take months to sell your home with a Real Estate Agent if your home isn’t marketable.

Good Real Estate Agents are specially trained to handle the intricate details associated with selling your home. There are many aspects of home selling that an average seller might not be aware. Problems often arise during the sale of a home that can be very troublesome for Real Estate Agent (let-alone homeowners). Working with a trained  Real Estate professional can help alleviate much of the stress that comes from the uncertainty of not knowing what to do next.  But whatever you do, remember, it is always a mistake to hire a Real Estate Agent solely on the basis they gave you the highest valuation for your house.

Please repeat the sentence in bold above until memorized. Figures don’t lie, but liars figure.

 Many homeowners choose do to a FSBO (For Sale By Owner) because they want complete control over the process of selling their home and any other details that affect such a significant investment.

FSBO (For Sale By Owner) can be a very time consuming process and thanks to the internet an increasingly popular choice as more home sellers are trying to find cheaper alternatives to Real Estate Agents. For those who do decide to pursue selling their own home, there are many facts to consider.

Determing the valuing your home is the first step. Too many sellers simply “think of a number” and fail to do sufficient market research . Others refuse to be realistic regarding what their house is worth. Once you determine what value you want for your home, the next logical step is to begin marketing and showing your house.

 Whenever showing a home, make sure that it looks great and smells fantastic. A clean, nice smelling house is essential. A house with a  lived-in look is passable as long as you take steps to depersonalise some of the clutter.  Scented candles, home baking, and fresh coffee can all help. 

 Potential buyers intimidate many private sellers. Experienced Real Estate Agents are specially trained to find out information  about a buyer without being direct or offensive. It can be very embarrassing for a seller to have to be so intrusive, but it is important for them to qualify buyers. You can prepare a list of questions in advance. If you’re on good terms with amortgage broker ask them to help you prequalify your potential buyers.

 The last option for selling your home is to sell to a cash property buyer. Typically, these are investors or developers who specialise in quick cash house sales. They work quickly and can make it possible to sell a home in a very short span of time, typically less than a month.

 People who need to sell their homes quickly have a whole host of reasons for doing  so. Some of these include bankruptcy, divorce, a broken sale chain or a sudden move. In some cases there are further complicating factors which restrict the alternatives open to the house seller. These include high levels of debt and house repossession or a desire to sell the property but to then rent it back.

 Cash property buyers tend to fall into categories. Some tend to focus on quick property sales and run their businesses according to strict investment criteria. This restricts the types of properties they buy or the nature of their offers. Others are more consultative in style and  claim they will help you fix your financial problems.

 As with any property sale, always be suspicious of offers that sound too good to be true.

Feb
03

Q&A: Home Inspection?

Question by lvsgal86: Home Inspection?
How much does in cost to get a basic home inspection on a house that is about 1400 sq ft?

Varies by area $ 250-350 for one. .

Know better? Leave your own answer in the comments!

Feb
01

Home inspection tips?

Question by Jennifer: Home inspection tips?
I am about to do a home inspection on a  property and was just wondering what could be some major issues that I should lookout for in the house I want to buy.

Thanks!




Any major renovations to the property?

Are there any uncompleted renovations or repairs needed?

Are there receipts/warranties/guarantees provided by repair contractors for the renovations done?

Pest control clearance provided?

Roofing
Indications of roof leakage?

Gutters and downspouts secure?

Signs of roof surface, flashings, vent or chimney damage?

Exterior
Evidence of cracks, paint peeling or other visible defects?

Trip hazards, cracking in the walkways, driveway or steps?

Plants/vegetation growing on the exterior of the home?

Stairway, deck, porch and other railings secure?

Cracks or indications of retaining wall failure?

Signs of inadequate surface drainage?

Openings into the building at trim, flashings, chimneys, etc.?

Signs of soil movement around perimeter of the home?

Basement
Are all accessible areas dry?

Are there any indications of current or prior water damage?

If there is a sump pump, is it operational?

Indications of foundation cracking or movement?

Musty odors or signs of mold or mildew?

Interior
Stains, cracks or damage to interior walls, ceilings or floors

Cracked or broken windows?

Windows and window latches operate properly?

Doors and door latches operate properly?

Stains or leaks at kitchen, bathroom or laundry sinks?

Interior staircases have safe, secure handrails?

Smoke alarms in hallways, on each floor, in each bedroom?

Kitchen and Bathrooms
Are all appliances functional?

Cabinets, countertops, sinks or floors damaged?

Water Pressure is ok at sinks, shower and tub spout?

Any sign of water leaks under sinks?

Are all ceramic tile floors and wainscoting intact and well grouted?

Garage
Garage door functional?

Automatic door opener reverse properly?

Indications of dampness or mildew?

Electrical
All light fixtures operational?

All electrical outlets functional?

All smoke detectors provided and functional?

Doorbell operational?

GFCI outlets in kitchen, bathrooms, exterior and garage?

GFCI devices functional?

Any visible dangling or exposed wiring?

Extension, lamp cord, or zip cord used as permanent wiring?

Plumbing
Adequate water flow at fixtures and drains?

Faucet or drain pipe leaks?

Adequate water pressure?

Ample hot water provided?

Clothes washer and dryer functional?

Water heater adequately strapped?

Water heater has popper pressure/temperature relief?

Heating/Cooling
System functional?

Serviced recently?

Is there adequate heat/cooling distribution to each room?

Are there large differences in temperature between different rooms?

Fireplace
Safety check on older fireplaces and chimneys?

Last time serviced?

Dampers operational?

Fire boxes need repair?

Spark arrestor and rain cap installed?

Further, I would visit the house on a rainy day of you can. Look for water puddles on the lot, any drainage concerns, and see if you can get in the attic as well. Look for any truss or sheathing discoloration – anything black is not good – that is an indicator of mold.

Good luck!

Give your answer to this question below!

Feb
01

Buying a home can be a confusing process for first time buyers

Buying a home can be a confusing process for first time buyers. 

Buying a home can be quite stressful if you have limited budget. You will need to find a home that fits your needs and budget and invest money for the down payment on the mortgage and closing costs.

Before buying your a home, you should learn what it takes to buy a home from its location to mortgage payment .

Learning the right tips could save you from spending money on the wrong things.  The best first step you can make is to get a professional real estate agent at Nance & Associates, Realtors to assist you in finding a great home at a reasonable price.

Small does not mean it is cheap when it come to buying a home. 

Be realistic

Decide what you are looking for in a home and then find out if they are obtainable in your budget.

Some tips to help you get more house for your money

Find a fixer upper.

 Try fixing things and do some small projects yourself,  it can save you a lot of money. Doing some small improvements may add to your resale value.

It is important to select a home situated in a nice neighborhood of larger homes.  When your think of reselling your home your neighborhood is a big part of marketability.

Buying a home is the first step to your dream home. It is important to take your time and consider the different options available to you.

Jan
31

Nice Home Buying photos

Some cool Home buying images:

Housewife in the Kitchen of Her Mobile Home in One of the Trailer Parks…
Home buying

Image by The U.S. National Archives
Original Caption: Housewife in the Kitchen of Her Mobile Home in One of the Trailer Parks. The Two Parks Were Created in Response to Workers Who Arrived for Jobs in the Town’s Manufacturing Plant Which Opened Since the 1950’s. The Town Population Was Stable at 8 to 9,000 During the First Half of the Century, Then Climbed to 13,051 in the 1970 Census. New Ulm Was Founded in 1854 by a German Immigrant Land Company. It Is Located in South Central Minnesota

U.S. National Archives’ Local Identifier: 412-DA-15848

Photographer: Villalobos, Horacio

Subjects:
New Ulm (Brown county, Minnesota, United States) inhabited place
Environmental Protection Agency
Project DOCUMERICA

Persistent URL: http://arcweb.archives.gov/arc/action/ExternalIdSearch?id=558298

Repository: Still Picture Records Section, Special Media Archives Services Division (NWCS-S), National Archives at College Park, 8601 Adelphi Road, College Park, MD, 20740-6001.

For information about ordering reproductions of photographs held by the Still Picture Unit, visit: www.archives.gov/research/order/still-pictures.html

Reproductions may be ordered via an independent vendor. NARA maintains a list of vendors at www.archives.gov/research/order/vendors-photos-maps-dc.html

Buy copies of selected National Archives photographs and documents at the National Archives Print Shop online: gallery.pictopia.com/natf/photo/

Access Restrictions: Unrestricted
Use Restrictions: Unrestricted

Resident of One of the Two Mobile Home Parks, Washes His Truck…
Home buying

Image by The U.S. National Archives
Original Caption: Resident of One of the Two Mobile Home Parks, Washes His Truck. The Trailer Parks Were Created in Response to Workers Who Arrived for Jobs in the Town’s Manufacturing Plants Which Opened Since the 1950’s. These Newcomers Reflect the Cultural Influence of the Germanic Penchant for Neatness and Order Even Though They Are Not of Ethnic German Origin. The Town Was Founded in 1854 by a German Immigrant Land Company

U.S. National Archives’ Local Identifier: 412-DA-15847

Photographer: Villalobos, Horacio

Subjects:
New Ulm (Brown county, Minnesota, United States) inhabited place
Environmental Protection Agency
Project DOCUMERICA

Persistent URL: http://arcweb.archives.gov/arc/action/ExternalIdSearch?id=558297

Repository: Still Picture Records Section, Special Media Archives Services Division (NWCS-S), National Archives at College Park, 8601 Adelphi Road, College Park, MD, 20740-6001.

For information about ordering reproductions of photographs held by the Still Picture Unit, visit: www.archives.gov/research/order/still-pictures.html

Reproductions may be ordered via an independent vendor. NARA maintains a list of vendors at www.archives.gov/research/order/vendors-photos-maps-dc.html

Buy copies of selected National Archives photographs and documents at the National Archives Print Shop online: gallery.pictopia.com/natf/photo/

Access Restrictions: Unrestricted
Use Restrictions: Unrestricted

Jan
30

9 Tips on Buying a Home

A mortgage bankers give 9 tips on buying a home.

Jan
30

Q&A: Need tips for selling a home fast?

Does anyone have any tips for selling a home fast?
My husband’s job is relocating us and our a relocation package that does not cover selling a home.

We need to get our home sold fast in this tough market.

We can’t really afford two house payments.
Any help would be greatly appreciated.

Best answer:

The best first step you can take is to get a good real estate agent (me).

You will need an objective opinion of what your home needs to be more marketable.

The general tips are: Quick fix-ups, De-clutter,  fresh paint, carpet, and landscaping.

To sell quickly, set a reasonable price after consulting an experienced real estate agent.

Add your own answer in the comments!

Jan
29

Real estate agent fees when buying a foreclosure?

Question: Real estate agent fees when buying a foreclosure?
I’m a first time home buyer and I’m trying to learn some of the basics of the home buying process. I’m thinking of finding a real estate agent. However, I  want to know if  Iwould have to sign one of those exclusivity contracts and, if I were to buy a foreclosed home, where would their comission come from?

Best answer:

 

Exclusive right to represent buyers agreements have been gaining momentum recently. I don’t use them very much.  I believe that if an agent is good at their job as a real estate professional the client will stick with you because they trust you not because they are legally obligated. There is another side to this is that Real estate agents get stuck working for free way too often by agent jumping buyers that contact  every Real estate agent in a 50 mile radius.

The real estate commission would come from the sellers.  Real estate commisions are incorporated into the purchase price of the home. The real estate commission is set by the homes seller.

What do you think? Answer below!

Dec
28

How can we buy a home?

Question by Amy: How can we buy a home?
My boyfriend and I are interested in buying a home. I have good credit, and he has so-so credit. He makes the majority of the household income. I work part-time. Is there a way we can purchase a home together?

Answer:

It’s definitely a good time to buy with the combination of low interest rates and home prices.

Credit is a big factor when looking to get a home loan.  A lot of buyers today have tarnished credit because of the recovering economy. You should have a Mortgage Professional evaluate the credit and employement history of  the both of you to see if buying a home right now is possible. If not, the Mortgage Professional may be able to refer you to a reputable credit counseling company that can help you get on the right track.

Give your answer to this question below!

May
02

Q&A: Can a buyer be present during the home inspection ?

Question: Can I be present during the home inspection as a buyer ?
1) Can I be present during the home inspection as a buyer ?

2) Can I be going around with the home inspector and see what he is doing during the inspection time ?

3) Can I bug him and ask each and every question when he is inspecting ? Hopefully people don’t get annoyed because of this. Just wondering since I am a first time home buyer and does not know much about home.

4) Any questions I should be asking ?

Best answer:

Answer by jlf
You not only can, you most definitely should. You’re paying for the inspection, after all.

What do you think? Answer below!