Posted by Marie Presti on 10/14/2018

If you want to maximize your home sale profits, it generally is a good idea to conduct a property appraisal before you list your residence. That way, you can receive a property valuation from an expert home appraiser. And with this property valuation in hand, you can set a competitive initial asking price for your residence.

A home appraisal may prove to be a stressful experience, particularly for a seller who is unsure about the value of his or her house. Lucky for you, we're here to provide insights into the home appraisal process and ensure that you can prepare for this evaluation.

Now, let's take a look at three tips to help you approach a house appraisal with confidence.

1. Understand How a Home Appraisal Works

Although you've allocated significant time and resources to upgrade your house, it is important to remember that the condition of your residence is one of several factors that a home appraiser considers. In fact, an appraiser will evaluate the current state of the housing market, the prices of comparable houses in your area and other factors to provide an accurate property valuation.

Oftentimes, it helps to work with a real estate agent if you plan to sell your home. Because if you have a real estate agent at your side, you can receive immediate responses to any of your home appraisal concerns and questions.

2. Establish Realistic Expectations for Your Home

Let's face it – what you initially paid for your house is unlikely to match your residence's current value. If you set realistic expectations for your residence prior to an appraisal, you may be better equipped than ever before to accept the evaluation results.

It may be beneficial to look at the prices of houses in your area prior to an appraisal. This information can help you understand whether the housing market currently favors buyers or sellers – a factor that may influence the valuation of your house from an appraisal.

3. Explore Ways to Boost Your Home's Value

There are always options to bolster a house's exterior and interior. Therefore, following an appraisal, you should plan to complete home repairs that could help enhance your house's value.

As you search for ways to upgrade your residence, you may want to reach out to a real estate agent too. This housing market professional can offer recommendations and tips to help you improve your residence, even if you're working on a tight budget.

Of course, a real estate agent provides extensive assistance throughout the home selling journey. He or she will promote your residence to prospective buyers and host home showings and open house events. And if you receive an offer to purchase your house, a real estate agent will help you determine the best course of action.

Ready to conduct a home appraisal? Take advantage of the aforementioned tips, and you can boost the likelihood of a successful house appraisal that leads to a fast, profitable home selling experience.




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Posted by Marie Presti on 10/7/2018

A home showing may prove to be a life-changing event, and for good reason. If a homebuyer attends a showing and likes what he or she sees, it may be only a matter of time before this individual submits an offer to acquire a residence. As such, it is important to prepare for a home showing to ensure a buyer can fully evaluate a house and determine whether it is the ideal choice.

Ultimately, there are many reasons why homebuyers should put together a list of questions prior to a home showing, and these reasons include:

1. You can attend a home showing with a strategy in place.

A home listing usually includes information about a house's age and condition. However, few homebuyers are willing to submit an offer on a house based on a listing alone. But if you use a home listing to prepare questions before a showing, you can attend a showing with a plan in place to pursue your dream residence.

Oftentimes, it helps to prepare a list of general questions about a home. You then can review this list in conjunction with a home listing and determine which questions are answered in the listing itself. If you find assorted questions are still unanswered in the listing, you should not hesitate to find answers to these questions when you attend a showing.

2. You can gain deep insights into a house's condition.

Preparing a list of questions prior to a home showing may enable you to gain the insights that you need to make the best-possible decision about a house. And in most instances, you can never prepare too many questions to ensure that you can make an informed decision about a house.

Remember, buying a house is a major decision. If you put together a list of questions before a home showing, you can help take the guesswork out of deciding whether to submit an offer on a home.

3. You may be able to speed up the homebuying process.

The homebuying cycle may prove to be long and complicated, particularly for a homebuyer who is uncertain about how to proceed. With a list of questions in hand, you can attend a home showing and gain expert insights right away. Meanwhile, these insights can help you decide whether a house is right for you.

As you get ready for a home showing, you may want to consult with a real estate agent as well. A real estate agent is happy to help you craft a list of questions prior to a home showing. Also, this housing market professional can keep you up to date about houses that match your homebuying criteria, help you submit offers on homes and much more.

When it comes to home showings, it helps to plan ahead as much as possible. If you prepare a list of questions prior to your next showing, you should have no trouble evaluating a house.




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Posted by Marie Presti on 9/30/2018

There is always an undeniable appeal to move into a brand new home. After all, there shouldn’t be any problems with a new construction home, right? While shiny new appliances and brand new flooring can be appealing, there are many advantages to buying an older home.


The Price


It may seem obvious, but older homes are less expensive than newer homes. You might be able to get a bit more for your money if you decide to buy an older home. 


Construction Quality


Older homes tend to have a bit better quality in their construction. Some aspects of older construction homes cannot even be reproduced with all of the technology that we have in the present day. It’s often true that “they don’t build homes like they used to.” Certain building materials of the past are actually more sturdy than the materials that are used in the present day. Older homes have stood the test of time for a reason! 


The Location Is An Established Neighborhood


If you’re not looking to move into an up and coming neighborhood, you could be better off buying an older construction home. You’ll know that a neighborhood has already been established and that people have enjoyed living in the area for years before you got there when you find an older home to purchase. In finding a neighborhood, you’ll look at the important factors like the school district, the walkability of the area and the crime rate. Older homes tend to be in more stable areas. Keep that in mind. 


Older Homes Have More Personality


Sure, you could move into a street with new construction and be happy there. Yet, if you move into an older home, you will find a lot of advantages. The landscaping may be more well-established, allowing you to find your favorite features on the outside of the home right when you move in. In a new home, it could take years to establish the same type of curb appeal that you’ll get from moving into an older home.    

 

There’s More Space In An Older Home


An older home may afford you much more yard space and overall square footage. As the world gets more and more developed, space runs short. Older homes were constructed at times when space was at a maximum. These homes were built on larger lots, giving homeowners the advantage of more space. 


While you may think that buying a new construction home is the way to go, older homes offer many different things that newer construction homes just can’t bring to the table. Broaden your search and look for older homes, you could be very surprised!   






Posted by Marie Presti on 9/23/2018

Before you even start the home search, research is key. There are a few areas that you should look closely at in every home that you’re touring in order to make an informed decision about each property and your future in it. 


Check The Foundation


When you’re walking around the home, note creaky floors, cracks in the walls, and water drainage issues. Maybe you won’t even be able to see if the foundation has any cracks in it or not with your own two eyes. A certified home inspector will, however, be able to tell you what is happening on the property. Cracks in the foundation or major foundational damage can be incredibly costly to you as a homeowner. You’re going to want to know about these issues ahead of time. 


Do Some Investigating


Taking a walk around your desired neighborhood can give you a lot of valuable information. You may be able to talk to neighbors who will give you a bit of information about a property. Even wandering around the neighborhood or attending yard sales can help you to see what’s going on, if you can see yourself living there, and if there are any major issues that you should be aware of. 


Be Likable


Sellers prefer to sell a home to a buyer who they like. if you see that you have something in common with the seller like the fact that you’re both veterans, you should send a letter along with your offer to let the seller know your connection. It’s also helpful to send an offer letter that lets the seller know how much you love the house and that you can see yourself living in the home. It never hurts to add a personal touch to a home offer.  


Keep Your Options Open


Just because a home doesn’t consist of the modern decor you picture yourself living in, doesn’t mean it can’t be changed. If a home happens to be older with less present-day decor in it, be sure to keep an open mind as to the potential that the home has for you.


Make A Strategic Offer


We know that prices that end in 9 are a bit more attractive to the psyche than prices that end in a flat zero. If the asking price for a home is $310,000, you may be tempted to offer $320,000 to shell out the competition, but you may be better off offering an odd number like $312,000. Sometimes a small difference makes a big impact in the eyes of the buyer. Work with your realtor to see if a home you’re interested in has any other offers. Your agent can help you to find a good price point for your offer as well.





Posted by Marie Presti on 9/16/2018

Ready to enter the real estate market for the first time? As a first-time homebuyer, you may encounter many challenges as you kick off your search for the perfect house. However, property buyers who understand these challenges will be better equipped than others to overcome such difficulties quickly and effortlessly.

Now, let's take a look at three common challenges that first-time homebuyers may face:

1. You don't know what to look for in a house.

You know you want to own a house, but how do you define your "dream" residence? Ultimately, you'll want to consider what you'd like to find in your perfect house so you can map out your real estate search accordingly.

Creating a checklist of things you'd like to have in your dream home usually represents a great starting point for first-time homebuyers. This checklist should include both "must-haves" and "wants" and can help you narrow your search for the ideal residence.

2. You aren't sure how much money you have available to purchase a home.

How much can you spend to acquire a residence? Without a budget, you may struggle to begin your real estate search.

Lucky for you, many banks and credit unions make it simple to get pre-approved for a mortgage.

Set up meetings with a few lenders in your city or town – you'll be glad you did. These lenders can help you assess your current financial situation, outline all of your mortgage options and ensure you can gain pre-approval for a mortgage.

With a mortgage in hand, you may be better equipped than other homebuyers to secure your ideal residence. This mortgage will help you determine exactly how much you can spend on a home. Plus, getting pre-approved for a mortgage can help you avoid the temptation to spend beyond your financial means to acquire your dream house.

3. You don't know what it takes to go from homebuyer to homeowner.

The homebuying process can be long and complicated, especially if you have no idea about what to expect from it. Fortunately, real estate agents are available to help you take the guesswork out of going from homebuyer to homeowner.

A real estate agent is a housing market professional who is happy to share his or her insights with you. He or she will respond to your homebuying concerns and queries and teach you about all stages of the homebuying cycle.

Furthermore, a real estate agent will set up home showings, keep you up to date about new houses as they become available and negotiate with property sellers on your behalf. This housing market professional will even go above and beyond the call of duty to guarantee you can purchase a home that you'll be able to enjoy for years to come.

When it comes to buying a home for the first time, there is no need to navigate the homebuying journey alone. Instead, collaborate with a real estate agent, and you can accelerate the process of acquiring a top-notch house at a budget-friendly price.




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