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When purchasing a lot/home package in a production subdivision it is important to have your own real estate representation. Prior to going into a model home, find a realtor you feel comfortable with for Buyer Broker representation. Make sure your realtor accompanies you on your first visit to the model homes, and before … [Read more...] about Should You Have a Realtor for New Builds?
Remember your budget. Overspending on a home is a good way to regret your buying decision. Lay out a budget you are comfortable with (even if your lender tells you that you can qualify for a higher mortgage than you feel comfortable with), and look at homes within that price range. In the current market, homes … [Read more...] about How to Avoid Buyer’s Remorse
"As Is" is a term in real estate that is often misunderstood. Realtors are often asked by sellers to list their properties "As Is". By doing so, sellers often (incorrectly) believe that specifying that they are selling their property "As Is" 1. takes away their obligations to disclose defects in the premises and 2. takes away … [Read more...] about AS-IS Properties and What You Need to Know!
During the course of selling or buying real estate, your realtor can provide you with property value information, typically called a "market analysis". As a Buyer, the comparable properties you and your realtor will evaluate to determine your willingness to purchase a property at a given price will likely come from … [Read more...] about Appraisals and Property Valuations when Buying or Selling Real Estate:
When investing your money in the stock market, the only way the typical investor can make money is for the stock to appreciate (raise in value), and you sell your stocks at a good time. With real estate the typical investor can make money in many ways, some of which are listed below. Rental income: The monthly income received … [Read more...] about Stock Market Investments vs. Real Estate Investements
Though low inventory is prompting buyers to raise their offers in order to beat out competitors, sellers still must know that an overpriced listing will linger on the market. Most buyers, whether through their real estate agent or through their own internet surfing, are aware of where pricing should fall for homes in their … [Read more...] about Pricing Your Home and When to Consider Lowering the Price
Even in a seller's market homeowners can sabotage the sale of their home. Here are some seller negotiation tactics that often backfire: Starting a bidding war: Often times sellers hope for a bidding war thinking the price buyers are willing to pay for their home will drastically increase with multiple offers. While bidding … [Read more...] about Seller Negotiation Tactics That Can Backfire!