I Want To Sell
Do you and your family need more space? Is it time to downsize? Perhaps you are relocating for work or school. Whatever the reason, it is time to sell your home. Before you place your home on the market, it's best to prepare your property and yourself for the process of selling your home.
Are you Prepared to Sell your Home?
Set the Stage - Staging involves deeply cleaning, decluttering, depersonalizing and arranging furnishings to make your house as appealing as possible. Furniture should be rearranged to showcase the floor plan and maximize the use of space while allowing buyers to visualize themselves living in the home.
Repair and Replace - If buyers walk through your house and spot a handful of items that need immediate repair, they’re going to wonder how well you’ve maintained the things they can’t see. Walk through the house and make a list of all the things that need to be repaired and/or replaced.
Clean Inside and Out - There’s no way to avoid the need to thoroughly clean your before listing it. From ceiling fans to floors and everything in between, clean the inside of your home until it sparkles. And remember, a sloppy exterior will make buyers think you've slacked off on interior maintenance as well. Be sure to clean the gutters, siding, windows porches and railings.
Consider Curb Appeal - No matter how good the interior of your home looks, buyers will likely judge your home before they walk through the door. It’s important to make people feel warm, welcome and safe as they approach the house. Spruce up your home’s exterior and invite your potential buyers in!
What You Should Know About Selling Your Home
Work with a Professional - Choosing the right broker can make all the difference in the sale of your home. They must be informed and constantly monitor the multiple listing service (MLS), know what properties are on the market and the comps in your neighborhood. Find a broker who embraces marketing and technology to get your house sold.
The Price is Right - Determining the asking price of your home is both an art and a science. Price your home correctly and it will sell. The price should reflect its age, condition, neighborhood, style, and overall marketability.
It's Showtime! - Your house needs to be "show-ready" at all times – you never know when your buyer is going to walk through the door. You have to be available whenever they want to come see the place and it has to be in tip-top shape.
Prepare to Negotiate - Don’t be offended if someone makes a really low bid on your property. Now’s your chance to negotiate. Come back with a counteroffer. Typically, most buyers will come back with a second offer, which is a better indication of what they’re really willing to pay.
From Contract to Closing - Throughout the transaction, your broker will monitor the progress of all inspections and contingencies to make certain that all deadlines are met. Your broker will be in contact with the buyer’s agent and closing attorney to make sure that everything is progressing towards a timely settlement.
Closing Time! - The closing is a formal process where all parties sign all of the necessary paperwork needed to complete the transaction. Title to the property is transferred from you to the buyer. The buyer receives the house-keys and the you receive payment for the house! From the amount credited to you, funds are used to pay off the existing mortgage and other transaction costs.
I Want To Buy
Purchasing a home is one of the biggest investments you will ever make. Before you start the home-buying process, it is important to know if you are prepared to buy a home and what to consider when making an offer on the home of your dreams.
Are you Prepared to Buy a Home?
Determine your Needs - Before you begin your property search, it is important to understand what you need in your new home. Do you need more space? Are you downsizing? Do you prefer a single-family home or the low-maintenance lifestyle of a condo or townhome? Get specific on your basic needs to guide your search.
Understand the Cost of Homeownership - There’s more to consider when buying a home than just a monthly mortgage payment. Will you be able to afford the expenses that come with owning a home? Utilities, property taxes, repairs, homeowner’s association fees and lawn maintenance can all add up.
Get Pre-Approved for a Mortgage - Getting pre-approved will put you in a better position to make a serious offer when you find the perfect house. Not to be confused with pre-qualification, which is based on a cursory review of your finances, pre-approval from a lender is based on your actual income, debt and credit history.
Consider Working with a Buyer's Agent - Even though the Internet gives buyers unprecedented access to home listings, most new buyers (and many more experienced ones) are better off using a professional agent.
What You Should Know About Buying a Home
Get in the Know - Get to know the neighborhood by visiting during different time of the day. Talk to the neighbors. Review any property disclosure you receive and take the time to visit City Hall to learn more about the home you want to buy. Has any work been done to the house? Were permits pulled and a certificate of occupancy granted? Is the home in a flood plain? That would affect home insurance premiums.
Location, Location, Location - Think about your lifestyle and where you will be in the next five or 10 years to determine if you have found the right area for you. And remember, it's better to take a chance on a smaller home, or one in need of repair, in a great area where the value will only rise over time.
Shop for the Right Mortgage - A mortgage is a product and it pays to shop around. Understand the relationship between points and interest rates. Be sure to read all the clauses and fine print before getting a mortgage. And don't be afraid to compare lenders for the best loan terms and rate.
Home Inspection - The only way to truly know what's going on inside (and over and under) a home's structure is to secure the services of a reputable home inspector. Expect to pay $300-600 for the inspection. Knowing what repairs are needed can help you negotiate a lower price – or at least prepare you for costs you may soon incur. Strongly consider getting inspections for radon and wood-destroying pests as well.
Paying your Taxes - Are your property taxes rolled into your monthly mortgage payment? Or will you be responsible for paying them yearly? Don't forget to keep paperwork for your annual federal or state income tax return. You can often deduct the property taxes, points and interest paid on a mortgage.