Archives for home

4 Potential Surprises When Buying a Home

No. 1: Low inventory means you have to act fast … In many markets right now inventories are tight, meaning there are too few homes on the market for potential homebuyers. Homes in good condition that are priced appropriately sell fast. The competitive market means buyers may find a home and make a serious offer in just a few days (sometimes 24 hours!). In extremely low inventory markets buyers may end up in bidding wars, paying more than the home’s asking price. No. 2: … But closing takes longer than you think The average home sale takes approximately 50 days
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5 Tips for First-Time Sellers

If you’re selling a home for the first time, it’s quite a different ballgame from what you experienced as a first-time buyer. Ultimately, you’re in control of the process. You call the shots on prepping your home for sale, deciding on a listing price, accepting (or rejecting) offers, and a host of other factors. But you might want to heed the following tips.   Don’t overprice Some sellers might think that in today’s low-inventory market they can overprice their home and get top dollar. In reality, if you price it competitively, you’ll create a flurry of activity and (possibly) get
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6 Features That Will Sell Your Home Faster

Garage Storage Space Percentage of buyers who want this feature: 86% Cost to install: $2,025 – $2,363 for a 380-square-foot space Buyers with growing families need lots of storage space. Sellers should keep in mind that streamlined living equates to more dollars in your pocket at sale time. The installation cost includes adding cabinetry, a peg wallboard for tools, and improved lighting and electrical circuits.   Eat-In Kitchen Percentage of buyers who want this feature: 82% Cost to install: $1,000 – $10,000 Eat-in kitchens are a must-have for many buyers, especially families with children. It’s a space where they often
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5 Decisions to Make before Buying a Home

In the market for a new home but have no idea where to start? There are several decisions you should begin to make before you even start your home search. See how your finances stand up. A financial adviser or your real estate agent also can help you crunch the numbers. Going through the mortgage pre-approval process lets you know how much lenders will allow you to borrow – plus it helps you show sellers that you have the funds to back up your offer. What do you need in your new home? How many bedrooms or bathrooms do you
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