Selling a home is not a given. While not all contracts can be saved, many can if sellers know how to properly vet a buyer and make sure they’re prepared for any curveballs that might hit before closing day.
Here’s where those deal-killing pitfalls are hiding, as well as how to avoid them so your own contract crosses the finish line.
Ready to list your house for sale? These bedroom improvements will give your boudoir that “wow factor” that sells homes.
Hiring a home inspector to check out a house before you buy it takes time, but it can save you big money in the end. So what does a home inspector look for?
Check out the video HERE.
The home inspection can be a particularly stressful part of the homebuying process for buyers, but the equally anxious seller might be waiting with bated breath for the results as well. The buyer is typically responsible for scheduling and paying for the home inspection, but if the house is revealed to have major issues, the seller can be on the hook for repairs—or could lose the deal entirely.
Home inspection issues like termite or mold damage can mean the seller will have to shell out money, credits, or concessions to make things right with the buyer. If the buyer is truly turned off by the home inspection results (and has a home inspection contingency), they can walk, aka a seller’s worst nightmare.
So why wait for a buyer to initiate a home inspection? If you’re preparing to sell your home, here’s how to identify any problems that can potentially stymy the sale.
Real estate over the last two and a half years can really be summed up by one phrase: Epic seller’s market. We’ve seen countless people list their homes and receive multiple offers over asking—all while doing the bare minimum to fix up or market their property. Home sellers, we have to be honest here: you’ve had it made in the shade.
And while the current real estate market still technically favors sellers, experts see a balance on the horizon that’ll put buyers and sellers on more even ground. The result? Home sellers can no longer bank on getting a bunch of offers over asking.
So if you’re about to list your house and want to maximize your profits (who doesn’t?!) there are plenty of strategies you and your real estate agent can employ.
Here’s how to get a higher price for your home—without spending a penny more than you initially planned for.
A home’s risk of flooding—from hurricanes or a huge downpour—is probably not the first thing you’d think to check. Ideally, you want to size up this potential and take precautions if necessary well before you might end up underwater!
Most homes in high-risk flood zones are near a body of water. For instance, the Gulf Coast is one of the U.S. regions most vulnerable to hurricanes that cause flooding. Yet more than 20% of flood-related home insurance claims happen in non-flood zones, so no one should assume they’re safe.
And due to climate changes, flooding may also become more common. According to Popular Science, “Nearly 15 million American properties are at substantial risk of flooding in the next 30 years, and more than three million are almost certain to be underwater at some point in that time.”
So how can you find out if your home is in a flood zone—and if it is, how can you assess the size of this risk and what protections can you put in place? Whether you own a home or are looking to buy, here’s how to figure that out.
To start, hire a fantastic listing real estate agent. These professionals will have the tools and background needed to help you sell your home in today’s quickly changing market.
It’s smart to be picky! A great real estate agent can help find buyers to sell your home fast, and for the most money. Make the wrong choice, and your listing might languish. Then, the lowballing bargain hunters come circling—it’s not pretty.
But there are specific questions to ask so that you can pinpoint the right professional for you.
Here are some important questions to ask your agent when selling your home, from sales plans to listing costs.
Realtor®, real estate agent, broker—it’s hard to keep up with all the lingo involved in a real estate transaction. A good place to start is by learning what a Realtor really means.
What is a Realtor?
Realtors are licensed real estate agents that belong to the National Association of Realtors®, the largest trade group in the country. Every real estate agent is not a Realtor, but most are. If you’re unsure, you can ask your agent if he or she is a licensed Realtor.
Read more HERE.
Do you know how much an average real estate agent commission is? Or who pays real estate agent fees and closing costs?
Though most homebuyers and sellers might not be able to tell you what these fees are, they’re fairly critical to the real estate agent working for you. These fees are how most real estate agents are paid.
So in real estate, who is responsible for paying commissions and fees: the homebuyer or the home seller? How much, on average, should you expect it to cost, and what other fees are you responsible for when you buy or sell a house?
Read more HERE.
If you’re looking to sell your home, you’ll want to hire an amazing listing real estate agent to help—and there are certain questions to ask so that you can pinpoint the right professional for you.
Click HERE to view this quick video list!