Friday, April 26, 2019 / by Pamela Glende
So, you’ve gone through the process of selling your home. All contingencies have been satisfied and the appraisal has been completed and your listing agent let’s you know that “we are clear to close”. Relief is what you are feeling, then your agent tells you the buyer needs to do their final walk through before signing for the home. The stress returns. It really doesn’t need to be stressful.
Here are some tips that will help you to be prepared:
1. Make sure that you have completed all agreed upon repairs. Supply any receipts for work completed to your agent so she can get them to the buyer’s agent. During the final walk through the buyer will be checking that all agreed upon repairs have been completed. You have until 3 days before closing to complete these repairs. Make sure that if a licensed contractor was supposed to do the work, that you did indeed use a licensed contractor. Other repairs that didn’t s ...
Friday, April 26, 2019 / by Pamela Glende
Spring is in the air, the weather is warming, the flowers are blooming, and home shoppers are out looking with great anticipation on finding a home.
If you are considering selling your home, Spring is the perfect time to list. As the weather warms home shoppers have come out of hibernation.
The market is a hot seller’s market with just over a month’s worth of inventory. A balanced market has 5.5 months of inventory. This is a great position to be in as a seller, but not so much as a home buyer because the competition to get their offers accepted is tough. With so little inventory and so many buyers there are plenty of bidding wars going on to get into contract on a home purchase.
My advice to sellers would be to get your home on the market as quickly as possible. The longer you wait the more competition you will have as a seller. The further we get into Spring the more listings we have. Beat the competition by getting your home on the market first. Chances are if ...
Thursday, April 25, 2019 / by Pamela Glende
It is a strong seller’s market and homes are selling fast. Most homes if priced at market value or slightly below are receiving multiple offers. Currently we have just over a month’s worth of inventory. A balanced market is 5.5 months of inventory. There are more people looking to purchase a home than we have currently for sale on the market. The result is that there is bidding wars on homes.
So, what could happen when you choose an offer on your home which is much higher than market value? If the home doesn’t appraise at the agreed upon purchase price and the appraisal is lower, we have a problem.
These are the things that can be done.
1.You could lower the purchase price to the appraised value.
2. You and the purchaser could meet in the middle. Example the purchase price was $250,000. The home appraised at $240,000. You could reduce the purchase price to $245,000 and the buyer could bring $5,000 to closing from their own funds. Keep in mind tha ...
Wednesday, April 24, 2019 / by Dixie Simon
If this is the first time you're considering buying a home, or selling your first purchase, there are a lot of possible challenges you can end up facing. Having the right agent can ensure you're able to get through these challenges, but since some of the issues are universal, let's review some mistakes you want to avoid making.
1. THE RIGHT PRICE
Pricing a property is a science of its own. There are a lot of components and factors and so many small details that ultimately lead to the value of a home. Although there are a lot of sites with estimates, namely Zillow, the technology used on online sites to determine property values are simply not accurate. Zillow even states that their numbers can be inaccurate up to a whopping 20%. Without a background as a real estate professional, it is virtually impossible for a consumer to be able to know the proper components needed to price a home. When you're purchasing a home, your eagerness to find a deal can lead to stubbornness abou ...
Wednesday, April 17, 2019 / by Elizabeth Sorensen
Selling your home is a big deal. The decision to do so is usually not a quick one and the thought of selling your home can cause a series of mixed emotions- scared, excited, nervous, sad and a plethora of others.
Many home sellers decide to sell their home on their own in an attempt to save on real estate commissions and rightly so. This seems logical and the process seems easy enough- especially if this isn’t your first rodeo.
I often liken the selling process to brain surgery. You do everything you can to ensure it goes smooth but when it doesn’t you want a team of experts ready to 1) foresee the problem before it escalates 2) possess the knowledge and skill to navigate the situation and present the options 3) act decisively and confidently to handle any emergencies 4) remain unemotional and in control at all times 5) have compassion for those under their care.
The selling process involves so much more than just hanging a sign in your yard, taking some gr ...