Tammy Gordon, Real Estate Consultant
Isn’t every home seller’s dream scenario to get the best price possible and even spark a bidding war? Here are six seldom-mentioned tips that just might put your property over the edge.
Today’s buyers expect living rooms that are equal parts inviting and updated. Here are some fast fixes that can help you attract top dollar in the current housing market.
If you’re selling your home, you might wonder if there are common repairs needed after a home inspection. Most buyers, after all, won’t commit to purchasing a place until there’s been a thorough inspection by a home inspector—and rest assured, if there are problems, this professional will find them!
So if your home inspection turns up flaws that your home buyer wants fixed, what then? To be sure, repair requests after an inspection are a hassle, and liable to cut into your profits. So for starters, make sure to read your inspection contract carefully to make sure you don’t get locked into mending something you don’t want to fix.
Buying a property is a complex transaction. And getting the money from the buyer’s bank to yours involves a multitude of steps that safeguard both parties.
So just how does that sweet offer turn into your cold, hard cash? Follow the money from offer to closing.
Home sellers have a right to feel optimistic, even bullish, about selling a house today: Demand is sky high, and with record-low levels of homes for sale, hordes of eager beaver buyers will do just about anything to get their hands on your place.
Curious about what dangers might be lurking amid all these cutthroat buyers battling to outbid one another for your house? Here are a few key things buyers are doing today that could cause problems for sellers—and how you can sidestep these potential pitfalls.
You remember the décor challenges your dorm room presented: particleboard furniture, bleak cinder-block walls and a roommate’s unsavory decorating decisions.
In a vote of confidence in the nation’s strengthening economy, the majority of the Federal Reserve members now anticipate raising the interest rates twice in 2023. And while this wonky monetary projection may sound like a long way off, it could have a real impact on today’s overheated housing market.
In response to the news, mortgage interest rates could tick up a little in response. This could result in the scorching-hot and ultracompetitive real estate market softening just a touch.
whole lot of people have moved in the past year—you probably know a few who have recently purchased a new home or are settling in to a new apartment. And if they plan on hosting a housewarming party to celebrate their new pad, it’s only natural for guests to want to bring a gift.
But before you bust out that baking sheet to make a batch of your famous welcome-to-the-neighborhood cookies, think twice. In this not-quite-post-pandemic period, housewarming gifts that were once considered appropriate may no longer be a good idea. Instead, think of gifts that pose no risk of spreading germs or promote sanitary practices in the home.
Millennials—people between the ages of 25 and 40—are a force in the overall housing market, but may be even more so among veterans. Millennials accounted for 50% of all Veterans Affairs–backed purchase loans in 2020, according to data from Veterans United.
VA loans require no down payment. As home prices rise, that frees up buyers to save enough to cover 1% to 5% in closing costs.
Also, millennial vets may be purchasing in higher-priced areas as they take advantage of historically low interest rates.