There are a lot of steps to buying a house, and while they are all important, some are just more valuable than others. Writing an earnest money check, for example, is necessary, but it doesn’t do much for you as a buyer. A home inspection, on the other hand, can be extremely valuable, potentially helping you save money when you negotiate the home price or keeping you from buying a total lemon. But to get the most value out of your home inspection, you need to ask the right questions.
Whether you’re looking to buy or sell a home, major real estate sites like Zillow and Redfin make it easy to get a home value estimate. The information is listed prominently when you look up any address or use their search tools. But housing markets are in constant flux and there are countless variables that factor into a home’s true value. So, just how accurate and reliable are these estimates? To help you make the most of online resources and get the best possible price for your home, here’s a look at how online calculators determine home values and how you can use that information to your advantage.
What your home looks like on the outside surely doesn’t matter as much as the quality of the interior, the number of rooms, etc. But ask anyone who’s tried to sell an “ugly home” and they’ll tell you that curb appeal matters. In fact, the National Association of REALTORS® says that “homes with high curb appeal tend to sell for an average of 7% more than similar houses with an uninviting exterior,” and that number can climb to 14% in slower markets. Good curb appeal also helps sell your home faster. So, making a few small upgrades can produce great return on investment (ROI), and improving your curb appeal on a budget is possible. Here are some tips on how to improve curb appeal when selling your home.
In the real estate world, the list price of a home is somehow both extremely important and ultimately meaningless. Yes, buyers use price as a major factor in their home search, and sellers and agents spend lots of time figuring out what a home is worth to develop a good pricing strategy. But in the end, the list price is just a jumping off point as you enter negotiating house price with the buyer. The actual sale price will be determined during the negotiation process. While this can be a bit intimidating to some home sellers, it’s a crucial part of selling your home. Here are some tips for how to get the upper hand in negotiations and come away with the best price for your house.
Selling a house for the first time can bring lots of unexpected challenges, and depending on the market you’re in, it can take longer than you would like. But closing day is the light at the end of the tunnel. It’s the time when you’ll finally be able to consider your home officially sold and the selling process completed. While you may remember paying closing costs as a buyer, there are closing costs for sellers as well. To make sure everything goes smoothly and to help you save as much money as possible, here’s everything you need to know about closing costs for sellers.
Did you know that one of the biggest reasons that real estate transactions fail is because of a low appraisal? The buyer’s lender typically won’t issue a loan for more than the appraised value. So, when you sell your home, it’s critical you do everything you can to increase the appraised value as much as possible. But how exactly do you do that? And what exactly is a home appraisal anyway? Here’s everything you need to know about how to prepare for a home appraisal.
When selling a house, it’s all about putting your best foot forward and making your home as attractive as possible to potential buyers. Staging and other elements can make your home look its best. But when it comes to the structural components of the house, buyers aren’t going to just take your word for it. Most real estate transactions involve a home inspection where a professional combs through your house to check for any potential issues. This can be a bit nerve-wracking, especially if you have an older home. But it’s an important part of selling a house, and one you really need to understand to get the best price for your home. To make sure the entire process goes according to plan, here’s everything you need to know to prepare for a home inspection.
If you think back to when you bought your house, you may remember working with a title company. They were the intermediary working with all parties to handle the nitty gritty details of the deal. You probably hired a title company because you wanted to make sure there were no issues with the property you were buying. But now that you’re on the other side of the equation, you may be asking, “What does a title company do for the seller?” It turns out, they actually do a lot from open escrow to facilitating your closing day. To help you prepare for the process, let’s take a look at what a title company does to help you sell your home.
If you’re looking to sell your house, be prepared for numerous showings, plenty of cleaning, and lots of paperwork. One piece of paperwork that’s particularly important is your seller’s disclosure statement or form. This document advises buyers of potential issues with your home and can play a crucial role in protecting you from costly legal issues. To help speed up your home selling journey, here’s everything you need to know about creating a seller’s disclosure form.
If you’re looking to sell your home, there’s probably one question in your mind that stands out above all others: “What is my house worth?” Finding the answer to this question can be more difficult than you might think. There are a ton of factors that impact a home’s value, and some are easier to measure than others. Every seller wants to get top dollar for their home, and many people overestimate the value due to wishful thinking and the emotional connection they have with the home. But to determine the true value, you need to step back and be as objective as possible. Here’s how to separate facts from emotion and figure out exactly how much your house is worth.