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Mistakes that Can Prevent the Sale of Your (city) Home

Selling a house in the current market can be tricky, but there are certain mistakes an owner can make that will cause a [city] home to sit still without a decent offer and cause the listing to go stale.

To prevent that from happening, make sure you are not making one of the following mistakes when putting your property on the market.

Overpricing

While your [city] home may hold sentimental value, that value does not translate into dollars. Be realistic about your asking price and know the market. Look at the list price of similar houses on the market to get a rough idea of what you should ask for your property. Your real estate agent can also give you their expert opinion based on experience and comparable property sales.

Neglecting Repairs

Glaring problems with a property will cause the buyer to think the [city] home was not properly maintained. While it may cost money, repairing things like holes in the walls, broken light fixtures or missing tiles can change a buyer’s entire attitude about a property.

Ignoring Curb Appeal

Overgrown and un-weeded yards can cause potential buyers to drive right by. Also, having junk in the front of your house or peeling paint can deter someone from considering the property. Step across the street and take an honest look at your house — and then make necessary adjustments.

Creating Foul Odors

Odorous foods, pet dander and the smell of smoke can be extremely distasteful to buyers. Even if you are used to the smell, others entering your house will not be. Make sure you air out the house, smoke only outdoors, and put away the litter boxes before an open house or showing.

Without even realizing they’re sabotaging a potential sale, homeowners can make several mistakes when first trying to sell a [city] home. Many mistakes have easy fixes and are even preventable.

What Are the True Costs of Selling a Home? Let’s Take a Look

Are you thinking about selling your house? Before you decide to list your home up for sale, it is helpful to get a clear picture of how much it’s going to cost. Whether you are sprucing things up with a fresh coat of paint, replacing the roof membrane or just covering your taxes, there will be a few bills to pay. Let’s take a quick look at some of the true costs that you’ll incur when selling your home.

Is Your Home Ready To Sell?

The first question you will need to answer is whether or not your home is ready to sell. Unless your house is relatively new, it will likely need repairs and maintenance. Depending on the age and condition of your home, you may also decide to invest in a full home inspection. Having a professional inspector look things over is a good investment – especially if they find problem areas that require immediate attention.

Invest In A Good Real Estate Agent (And Their Commission)

To get the best price for your home, you will need to be represented by a great real estate agent. Of course, they are not going to work for free. Once the home sells, the agent is compensated with a percentage of the sale price, which is known as a commission. In some cases, the home seller also pays the commission for the buyer’s real estate agent as well.

Factor In Costs During The Sales Process

The selling process will also have its costs. From lawyers’ fees to excise taxes, there is no shortage of small costs that can start to add up. You may decide to invest a bit in your open houses in order to make them more welcoming. Or you might need to close out your mortgage. Whatever the case, be sure to leave some space in your budget for these costs.

Moving Out Will Cost You Too

Finally, don’t forget to factor in the cost of moving to your new home. Many families fail to budget for moving expenses, which can be significant if you are moving out of a large home with a lot of furniture. 

As you can see, selling a home is a major financial transaction and one that should be led by an experienced professional. When you are ready to begin the process of selling your home, give us a call. Our team of real estate professionals can advise you of local market conditions and ensure that you receive top dollar when you sell.

Did You Know: Why New Construction Homes Are A Top Choice For Today’s Home Buyer

Are you in the market for a new house? If so, you may have been comparing your options when it comes to open listings on the local market. One decision you will need to consider: do you want to purchase an existing home or build a new one? Let’s explore a few reasons why new construction homes are a popular choice for today’s home buyer.

A Home Designed (By You) With The Future In Mind

Ask anyone who has recently invested in a brand-new home, and many will share that all of the built-in technology was an essential factor. Today’s homes are designed with the future in mind. High-speed networking, better wireless connectivity, high-tech security and other features are all benefits that typically can’t be found in older homes.

Of course, don’t forget that you play a role in the design choices in a new construction home. It is your chance to design all of the features you would want in a dream house.

Energy And Cost Efficient

As you might imagine, homes constructed with modern designs and materials are vastly more energy than older homes. Tighter seals, better insulation and more efficient heating and cooling all translate to lower utility costs. Moreover, while the savings per day might seem small, over time, they add up. Leaving more money in your pocket for investment, saving or other purposes.

If you want to take it a step further, you may even decide to expand your new construction home with solar panels or other high-efficiency upgrades.

Less Maintenance Means More Free Time

Finally, you can sleep soundly knowing that a new construction home needs far less maintenance work than an older home. Of course, there will still be the occasional job that needs taking care of. So you will want to be diligent in fixing up any damage or issues that do occur so that the problem does not spread. But overall, you can expect to spend less of your free time repairing things and more of it relaxing and enjoying life.

These are just a few of the many great reasons to invest in a brand-new home. To learn more about new construction real estate opportunities in the local area, contact us today. Our professional team is happy to discuss your needs and help you find the perfect new home.

Buying a New Home in a Hot Real Estate Market? Here Are 4 Tips You Will Need to Be Successful

Are you in the market for a new house? In a buyer’s market, finding and closing on a beautiful home can seem very easy. However, if you are shopping when the market is hot, you may end up fighting bidding wars and losing your dream home to a competing buyer. Let’s take a look at four tips that you will need to be successful when house hunting in a hot local real estate market.

Tip #1: Do Your Research Ahead Of Time

It should go without saying that in a hot market you will need to move quickly. Making an effort to do all your research ahead of time will ensure that you do not have to later, once you’ve found the perfect dream home. Check in with your real estate agent to find out what paperwork and other material will be needed.

Tip #2: Get A Mortgage Pre-approval

Once you have found your dream home, you may discover that other buyers are interested or have submitted bids. In this case, it is crucial that you can demonstrate that you have your mortgage financing pre-approved. Remember that the seller wants to close their sale quickly and for the best price. Showing up with pre-approved mortgage financing proves that you are serious about buying their home.

Tip #3: Be Ready To Pounce (But Don’t Be Hasty!)

Speaking of being serious, it is essential that you are ready to pounce on the right listing. A hot market means that you won’t be the only potential buyer checking out a home. The last thing you want to do is find the right house, then end up losing the chance to buy it because of unnecessary delays.

Tip #4: Small Sacrifices Are Okay

The final tip to keep in mind is that sometimes you will have to make a small sacrifice to close the deal. For example, the seller may want some special terms added to the agreement. Alternatively, they might ask you to pick up some of the closing costs. Whatever the case, keep in mind that a hot market means that you lose a bit of leverage. If it’s a small sacrifice, it might be worth it.

Buying a house in a hot real estate market can be challenging, but a little preparation will go a long way in ensuring you are the winning bidder. When you are ready to buy your next home, get in touch with our professional team of mortgage advisors. We are happy to help you find the right mortgage for your goals and financial situation.

3 Dog Breeds That Are Perfect for the Allergy-Prone Pet Lover

Do you find yourself itchy and sneezing after an encounter with a friendly, furry dog? You are not alone. The CDC estimates that around ten percent of Americans suffer from allergies related to dogs or cats. But, of course, that is no reason not to enjoy the love of a dog. So, if you are ready to push your suffering aside and adopt a furry pal, below are a few breeds that are perfect for those prone to allergies.

What Causes Dog-Related Allergies?

Do you know what the primary causes of pet-related allergies are? Many people believe that reactions are triggered by hair that has been shed, but this isn’t entirely accurate. Shed hair carries flakes of dead skin known as dander, and it is this dander which causes most typical dog-related allergic reactions.

In an allergy-prone individual, this dander is treated as a harmful invading virus or bacteria. The body issues an immune response with symptoms like sneezing, watery eyes, hives and coughing which can be treated with antihistamines.

Note that it is not just a dog’s dander that can cause a reaction. Dog saliva and urine are also known to carry the proteins that can trigger allergic reactions.

3 Breeds Perfect For Allergy Sufferers

The Poodle– if you are the energetic type that likes to get out and walk, a Poodle might be the right fit. Poodles are recognized as a cleaner dog as they do not shed much fur. They love to get outside and can be trained easily.

The Schnauzer– if you are more of an introvert or have a quiet side, you might find a Schnauzer to be a better companion. These are smaller dogs that aren’t going to beg you to run around for a few miles each day.

The Bichon Frise– this breed is an excellent choice for first-time dog owners and those who prefer smaller dogs. Bichon Frise are happy, friendly dogs that are very sociable. They are not incredibly high maintenance, but they do need daily grooming.

Renting A Home That Doesn’t Allow Pets?

If you are thinking about how great it would be to have a dog but can’t get one due to your current rental situation, contact us today.

Here is a picture of one of our agent’s dogs, Angie’s dog is a black lab named Simon!

Buying a New Home? Four Key Questions to Ask Your Mortgage Advisor

Are you in the market for a new home? If you are planning on borrowing some or most of the home’s purchase price, you’ll want to prepare yourself for the mortgage process. Let’s take a look at four key questions that you will want to ask your mortgage professional when you first meet to discuss your home loan.

What’s The Best Mortgage Option For Me?

As you probably know, there is a wide variety of mortgage loan options and programs on the market today. You may qualify for a number of mortgage loans along with certain government programs or specialty mortgages. Your mortgage advisor will be able to share the pros and cons of each type of mortgage loan so you can decide which option best suits you.

What Interest Rate And Amortization Period Fit My Budget?

Next, you’ll want to determine what loan term and interest rate combine to produce a monthly payment that fits your budget. For example, in some cases, you may prefer a lower interest rate over a longer amortization period like 15 or 20 years, which can reduce the amount you pay each month. Conversely, you may decide that you want to pay the loan down faster and take a shorter term with a slightly higher interest rate.

What Fees And Closing Costs Will I Incur?

When you borrow a mortgage to buy a home, you will inevitably incur some additional costs and fees. Some are connected to the home itself, such as home inspection or home appraisal fees. Others are due to the mortgage and might include loan origination fees or discount points that you choose to buy to lower your interest rate. Your mortgage advisor will be able to give you an honest assessment of what fees you’ll need to pay and which you can potentially avoid.

What Documents And Paperwork Do I Need To Prepare?

Finally, you’ll want to get an idea of what documents and other paperwork that you’ll need to prepare. Your mortgage lender will require a number of items to verify your income, credit history and for risk assessment purposes. This might include past income tax forms, pay stubs, bank statements or other materials if you’re self-employed.

These are just a few of the talking points you’ll want to cover when you first meet your mortgage advisor. For more information about the mortgage process and to get things started, contact us today. Our mortgage team is happy to share our insight and answer any questions you might have.

Although, not mandatory, I do highly advice on having the inspection completed! A home inspection is something that protects your financial interest in what will likely be the largest purchase you make in your life – one in which you need as much information as possible. It is better to pay $400 – $500 for a report you don’t need, than to skip it and pay $3,000 plus for a new roof within a year of buying your new home.

Additionally, considering the health and safety of you and your family is important. Home inspections can uncover potentially hazardous items in a home – such as pests, bad wiring, unsafe heating or cooling equipment, or even structural issues. These are things that the average person won’t likely notice with a quick look around.

You might have recently heard Realtors, buyers and sellers  say “It is definitely a sellers’ market! “So what is a sellers’ market? Sounds pretty self-explanatory, but to answer that question a bit more in depth, the real estate market can fluctuate between favoring sellers or favoring buyers. Currently and over the past year or so, the market has been favoring sellers. Sellers recently have been noticing that they are able to sell their home for well above asking price. To get their offers accepted, buyers are also including attractive incentives in their offers such as paying all closing costs, purchasing the home “as is” and not requesting any repairs, offering a quick closing, etc.!

Over the past few weeks we have been noticing the market start to stabilize – Meaning homes are on the market for more than a few hours and buyers are starting to have a bit more negotiation compared to the past year.

10 BENEFITS OF WORKING WITH A REAL ESTATE AGENT WHEN BUYING A HOME

This week we pulled an article from Key Inspection Services! Click the link to learn more about the benefits of working with a real estate agent 🤩

https://www.keyinspectionservices.com/resources/10-benefits-of-working-with-a-realtor-when-buying-a-home/

  1. They’ll get you a better price:
    • When you use a real estate agent in the purchase process, they will help you get the most for your budget. They are there to know when a home is priced well, or too high, or maybe even too low for the neighborhood it’s in. 
  2. They’ll save you time
    • Searching for homes can be an endless time-consuming game. Once an agent understands the specifics of what you’re seeking in a home, they can work to weed out anything that doesn’t match your criteria.
  3. They have access to MLS
    • The MLS  is a powerful tool in the real estate industry that is designed to alert agents to things like open houses, new listing notifications and other useful tools to put you in the right place at the right time.
  4. They have an inner professional network
    • Real estate agents are consistently interacting with each other about properties and discovering hidden gems along the way. This is not an inner network of people that you are likely to travel in the same circles with, so having access to that network will prove to be incredibly valuable in your home buying pursuits.
  5. Their ethics and expertise
    •  Realtors are professional fiduciaries, guided by principals, responsibilities, and rules of conduct that prioritize the client while preserving the dignity of, and respect for, real estate as a profession.  Expertise is demonstrated in a variety of ways, including locating homes that meet often very specific wants and needs, pricing and valuation, knowledge of building code, writing binding contracts, unemotional negotiation, and the coordination required for a smooth closing.
  6. They know the lay of the land
    • One of the best features of working with real estate agents is that they fully understand the city they work in. For you, this translates into market knowledge, neighborhood background and real estate insights you may not otherwise be privy to.
  7. They know the market
    •  Each state, city and small municipality has their own real estate markets beyond what is happening on a national level. Real estate agents are constantly monitoring these changes for their buyers which keeps you informed of all of these volatile details so you can purchase your new home at the best possible time.
  8. They understand complex transactions
    • Real estate agents understand all of the complex processes that take place in a real estate transaction. For instance, the home inspection and being able to interpret unfamiliar details effectively to you. An agent will also understand communications from your loan officers and underwriters which will help you feel organized and highly aware of what is happening in your property transaction.
  9. They are motivated to find you a home
    • Real estate agents are highly motivated individuals as their success is predicated on their ability to find you a home. In short, if they do not help you buy the home of your dreams, they do not eat.
  10. You have nothing to lose!
    • When you hire a real estate agent to help you find your next (or first) home, you aren’t making a financial investment to do so. The seller will be paying all the fees upfront while you get a qualified professional representing you before you ever place one dollar on the offer table.