Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Oct. 11, 2021

Don't Try To Sell Your Home On Your Own; An Agent Can Help You.

It can be tempting to list your home on your own in a sellers' market like today's. This is known as For Sale By Owner (FSBO) (FSBO). However, by managing every stage of the process, from pricing your house to examining documents and negotiating, a real estate professional may save you time and money.

 

Real Estate Agent Discussing in Front of Her Client

 

Here are five reasons why working with an agent is your best choice for maximizing the sale of your home before you decide to sell it on your own.

 

First impressions are everything – and an agent knows how to make a great one.

Even though it may appear straightforward at first glance, preparing a home for sale takes a significant amount of time and effort. It takes skill and an awareness of what buyers are searching for to do it right so it stands out. A real estate agent thinks about things like:

 

  • Should you remove any personal artwork or photographs?
  • How much landscaping should you spend to improve the curb appeal of your home?
  • What are the most popular wall colors among buyers?

An experienced real estate advisor will use their knowledge to address these and other questions so you don't make the wrong decisions. Your time and money are valuable assets that you should not squander.

 

Agents have tools to maximize the number of views your home gets.

Simply put, the more buyers that come to see your home, the higher your return will be. Agents have a variety of methods at their disposal, ranging from social media to agency resources, to ensure that your home is seen by as many potential buyers as possible. 

 

Taking advantage of your agent's skills and knowledge may also help you get a higher sale price.

 

An agent won’t miss anything in the fine print.

Your agent can also help you save time by removing the guesswork from navigating the necessary paperwork. More disclosures and rules are now required, which means the amount of legal documents you must manage is increasing.

 

Because there is so much to consider, it can be difficult to fully comprehend all of the standards and fine print. A professional advisor can really shine in this situation. They've been through it before and can serve as a guide to help you avoid costly mistakes.

Expert advisors know the market and how to price your home.

Another method your agent helps you sell your property faster is by making sure it's priced correctly. Real estate agents have the knowledge and experience to compare your home to recently sold properties in your neighborhood. They also have a broad understanding of the housing market and can take into account any improvements you've made to your house. Combining these elements is the key to ensuring that your home is priced to sell quickly – and for a fair price.

 

Your agent will be an expert negotiator.

Real estate experts know how to negotiate every part of a deal, in addition to their sales knowledge. They also know all of the parties engaged in the transaction, including:

 

The buyer who is looking for the best price.

The buyer's agent, who will represent the buyer with their knowledge.

The buyer's inspection company will nearly always uncover issues with the house.

To safeguard the lender, the appraiser determines the property's value.

 

It takes time, effort, and experience to sell a home; don't attempt it alone. Work with a reputable real estate agent if you actually want to maximize the sale of your home.

 

 

 

Oct. 4, 2021

Is It Better To Sell My House Now Or Later? Make Hay While The Sun Shines in 2021

In case you missed it, the epidemic triggered a massive home-buying frenzy. Because of the faltering economy, mortgage rates fell to historic lows, and many Americans sought out larger, better homes in which to spend their days working from home.

 

Person Holding Silver Key

 

 

As a result of rising material costs, supply chain disruptions, and years of chronic underbuilding in the new construction industry, a tidal wave of demand was met with a pitiful amount of housing supply. Early in the summer, it appeared like mortgage rates might rise, but they quickly fell.

 

Small indicators of market slowing have only recently emerged, although market conditions remain extremely competitive. However, no one knows when things will change, which adds to the urgency of the situation.

 

Below we further explore key market indicators painting a picture of the situation, and why time may be of the essence for some sellers.

 

Most of the country is a seller’s market

According to statistics from HomeLight's Top Agent insights poll for Summer 2021, 98 percent of top real estate agents claimed it was a seller's market in Q2 2021, up from 79 percent the year before. We've never seen such a high percentage of agent respondents describe their area as favoring sellers in our two-and-a-half years of tracking agent reports of market conditions in our quarterly surveys.

 

Supply is inching upward, but it’s still tight

From June to July, the number of unsold homes grew by 7.3 percent to 1.32 million. Although new house sales and inventory are expected to rise in the next months, the housing supply remains tight. Homes are currently selling in 17 days on average, down from 22 days a year ago, while supply is down 13% from the same period in 2020.

 

Home prices boomed this year, boosting equity

People shifting away from urban residences to suburban properties, the normalization of remote work untethering buyers from any one place, and the appeal of cheap mortgage interest rates, according to analysts, have all contributed to the market's success.

 

According to data from real estate analytics firm CoreLogic, the average homeowner gained $33,400 in equity between Q1 2020 and Q1 2021, a significant increase.

 

Conditions won’t stay this competitive forever

Many purchasers have become frustrated by the present home market. Because of the smaller availability of properties in their price range and competition from all-cash purchasers, the share of first-time buyers in the entire market fell to 30% in July from 31% in June and 34% a year ago.

 

Even if you keep up with the latest property market and equity information, determining whether to sell now or wait frequently boils down to a conflict between your emotions and reason.

 

 

When in doubt, consult a top real estate agent who is well-versed in your local market to help you assess your personal and financial motives.

Sept. 27, 2021

Main Things To Prioritize When Selling Your House

Today's property market is brimming with never-before-seen possibilities. High buyer demand combined with historically low housing availability has created the ultimate sellers' market, making now an excellent time to sell your home.

 

Woman in Black Coat Standing Near White Concrete Building

 

Price Your House Right

 

When inventory is low, like it is in the current market, it’s common to think buyers will pay whatever we ask when setting a listing price. Believe it or not, that’s not always true. Even in a sellers’ market, listing your house for the right price will maximize the number of buyers that see your house. This creates the best environment for bidding wars, which in turn are more likely to increase the final sale price. A real estate professional is the best person to help you set the best price for your house so you can achieve your financial goals.

 

Keep Your Emotions in Check

 

Homeowners today are staying in their homes for longer periods of time. If this is your first home or the home where your children grew up, it most likely holds a particular place in your heart. Every area holds memories, and it's difficult to separate yourself from them.

 

For some homeowners, this relationship makes it even more difficult to separate the house's emotional value from its legitimate financial value. That is why you will need the assistance of a real estate specialist to assist you with the discussions.

 

Stage Your House Properly

 

We're generally pleased with our interior design and the way we've personalized our homes to make them our own. However, not every customer will appreciate your design and personal touches. That is why it is critical that you stage your home with the buyer in mind.

 

Buyers want to imagine themselves in the area so that it actually seems like theirs. They need to imagine themselves inside, with their own furniture and mementos, rather than your photos and decorations. As they stroll through each space, stage, clean, and simplify so they can imagine their own dreams.

 

Today's seller's market may be your finest opportunity to sell. If you're thinking about selling your home, hire a local real estate agent to guide you through the process and help you prioritize these important factors.

 

 

 

Sept. 20, 2021

How to Prepare for Your Home Inspection

 

A house inspection isn't a pass/fail evaluation. It does, however, leave the possibility of renegotiation open. You're not bound to make any repairs, but the buyer has the right to walk away if they're unhappy.

 

With these delicate dynamics, the last thing you want to do is risk losing a contract worth saving by going into the home inspection blind.

 

Focused man building roof of wooden construction

 

A house inspector looks over a detailed checklist. They take a close look at everything. To avoid unwanted blemishes on the report, prepare for the inspection.

 

What is a Home Inspection?

The buyer often hires a home inspector to visit the house and undertake a visual inspection as part of the closing process. The house inspector identifies health, safety, or major mechanical faults in accordance with the state's standards.

 

What Do Home Inspectors Look For?

Home inspectors have a large list of things to look for in a house. An inspector's role is to look for flaws, which they will.

 

There are seven major things that home inspectors look for:

  • Water Damage
  • Structural Issues
  • Old/Damaged Roof
  • Damaged Electrical System
  • Plumbing Problems
  • Insect and Pest Infestation
  • Issues with the HVAC System

 

What Home Inspectors Do Not Look For

Home inspectors are unconcerned about a home's appearance unless it offers a possible safety hazard. For instance, if a major fracture or water stain appears on a wall, they will report it. They will not, however, report peeling wallpaper.

 

How to Prepare for Your Home Inspection

Here are some quick things to double-check before your home inspection:

 

Keep receipts for any maintenance or routine services you've had performed on your home or its components in the past. Make sure they're all in order and ready to show inspectors and buyers. For example, a chimney sweep, furnace service, HVAC filter replacement, water heater servicing, and so on.

 

Remove clutter from areas such as the basement, attic, garage, and crawlspace. Inspectors will have to go inside to look for wetness and damage. If they can't get to it, they'll classify it as "uninspectable," which could cause the procedure to take longer.

 

Make sure the inspector has access to the electrical panel, furnace, and water heater.

 

Check that the light bulbs are not burned out and that they are in good operating order. It could be an indicator of electrical problems if light bulbs aren't operating.

 

To check for obstructions, run water through each sink and bath. Before the inspection, clear any minor blockages with Drano or Liquid Plumber, as this could indicate a plumbing issue in the report.

 

Filters in the HVAC system should be replaced on a regular basis. Air filters that dirty impair the home's air quality and raise a red signal for inspection.

 

Repair any cracked windows or broken screens.

 

Spray or hire a professional exterminator to get rid of any bugs, notably carpenter ants or termites. An inspector will be notified if there are any signs of an infestation.

 

To avoid dirt and blockages, cover disused gas lines, chimneys, and flues. Toxic odors could be leaked into the house if the caps are missing.

 

Trees that are contacting or close to the roof should be pruned. Low-hanging branches can cause roof damage and provide access to chimneys and other openings for mice.

 

If you'd like to learn more about how a home inspection works and how it can affect your particular home sale, talk to your real estate agent about your options. A competent real estate agent will have a team of trustworthy experts on hand to validate or refute the inspector's conclusions. They'll also provide you the finest advice possible based on the current real estate market, the condition of your home, and your financial requirements.

 

 

Sept. 13, 2021

How to Look Up a House's Property History

It's critical to understand the property history of your soon-to-be home before you make a contract with a house seller and start the closing process. We'll show you how to look up a house's history so you can find out when it was built if there were any major renovations done, and other vital facts to make homeownership that much easier and stress-free.

 

Finding out about the history of a house you own or want to buy maybe a fascinating adventure. It can, however, be a little tricky. You'll usually start by searching for public records on the websites of your local city and county, but there may be substantial variances in what's available on different websites.

 

White and Brown Concrete 2-storey House Near Tree

 

Step 1. Look up summary info

The first step in learning about a house's history is to look up the address on a real estate website. Under the Public Facts section, among other things, the assessor's parcel number (APN) or tax ID number and the year the house was built will be stated. Make a note of the APN or tax ID number, since you'll need it for several of the procedures below.

 

Step 2. Go to your county recorder’s website

A county recorder's office, sometimes known as a county clerk's office, is responsible for locating all taxable property in a city or county. They determine who owns the property, determine its taxable value, and record other papers such as deeds of trust, reconveyances, liens, and lien releases.

 

Step 3. Look at the county parcel viewer 

The APN number is the quickest and easiest way to find property information on a county recorder's website. If you can't find a parcel number for a property on a real estate website, you can probably utilize the parcel search option on your city or county website.

 

You can search by address or parcel number in an assessor's parcel viewer, or visually by zooming in on the property on the interactive map. To make your search easier, you might want to switch between different map types. If you have the house's address and its location on a map, for example, you may either search for the address or zoom in on the neighborhood with the aerial map and switch to the street map to find the street. 

 

Keep in mind that some records may still be shown under the original parcel numbers if the property comprises many tax parcels that are under common ownership or have been formally consolidated into a single parcel.

 

Step 4. Access property records online

Next, determine if the county or city offers an internet portal where you may access more detailed public records data for things like property taxes and permits. This covers deeds, liens, and other similar documents. You can typically examine these documents for free online, depending on the county or city.

 

It's worth noting that online records will be limited in terms of the year they begin. Between the 1970s and the 1990s, online records may have been created. If your house doesn't have any online records between these dates, you'll have to look through microfilm. A microfilm is a photographic record of documents like deeds, building permits, and other legal documents. Microfilm records can sometimes be found digitally, but they may also need to be viewed in person.

 

Step 5. Order copies of property records

You can typically order copies of documents if you can't access them online. You may also require hard copies of papers that are accessible via the internet. Property records are usually available in person, online, by mail, or via dropbox. If you want certified copies, you'll usually have to pay a small fee per page or document to the recorder's office.

 

Step 6. Get permit records

Permits can reveal a lot about the home's original construction as well as any later expansions. You may be able to look for current or previous permits by address or parcel number using the municipal or county permitting department's online permit center.

 

Permit records are normally kept in the planning or permitting office. If the property is under the jurisdiction of a city, you should contact the city for permit information. Permits are usually required for a wide range of projects, including expansions, room remodels, finished basements, improved electrical components, entire renovations, and even a change of use, such as when a commercial property becomes a residential one.

 

While many forms of property data are simple to understand, others may be more difficult. Fortunately, specialists such as real estate attorneys, escrow agents, and real estate agents often review these documents. So, if you've begun your search and have questions, don't hesitate to contact your real estate agent or another knowledgeable real estate specialist.

 

 

Posted in Home Appraisal
Sept. 9, 2021

Understanding The Variables of Owning an Inherited House

If you inherit a home, you may decide to rent it out to supplement your income. You might also arrange an estate sale to get rid of unwanted stuff before selling the house. If you're intending to sell an inherited home, this article will help you avoid the common errors and roadblocks that can cost you money, lengthen the process, and make you frustrated.

 

Before determining whether or not to sell an inherited home, you should ask yourself a few questions.

 

Flowers and green plants with trees in yard with pathway near cottage exterior in sunny summer day

Understand the variables of inheriting a home

 

How much is the home worth? 

Online home value estimation tools are a terrific method to obtain an idea of how much your house is worth. You can also use real estate comps to compare the home to other similar properties in the neighborhood. The price is determined by a number of factors, including the house itself and the local housing market in the area where you inherited your home.

 

What’s the outstanding mortgage?

You'll also want to figure out how much money you have left to pay on the house's mortgage or loan, which you may get from the mortgage company that holds the loan. Then, using a home sale profits calculator, you can figure out how much money you can make by selling your inherited home.

 

Are there other outstanding debts? 

Are there any other bills you need to account for besides what's left on your mortgage? Were property taxes paid on a yearly basis or did they accumulate over time? Will you have to pay them off using the profits from the sale of your home? Is there any encumbrance on the property, or does it have a clean title? These questions can help you figure out if now is the ideal time to sell or if some work needs to be done first.

 

How many people are inheriting the property?

The number of people who might inherit a section or percentage of an inherited house will have a big impact on how much it costs to sell it. Is everyone in agreement that selling the inherited property is the best option? Who will be in charge of the estate sale and who will collaborate with the real estate agent to sell the house?

 

Capital gains and other tax implications of selling an inherited house.

When considering selling an inherited house, one of the first things to examine is how the sale will affect your finances. To put it another way, you might be taxed on the sale proceeds or merely the property itself if you inherit it.

 

Inherited properties do not qualify for the home sale tax exclusion

Typically, you can take advantage of a tax exclusion when you sell a property that you have resided in for at least two of the previous five years. You won't be eligible for this exception unless you expect to live in the inherited home for at least two years.

 

Inherited properties may be able to take advantage of the stepped-up tax basis. 

The tax basis of inherited property is the property's fair market value at the time of the preceding owner's death. This protects people who inherit property from having to pay a lot of money in taxes on properties that have gained considerably in value over the years. If you sell your home for its fair market worth, you won't have to pay capital gains tax.

 

 

Sept. 2, 2021

Foolproof Paint Colors That Will Sell Your Home

When it comes to selling your property, a fresh coat of paint can make all the difference. It makes a positive first impression on potential buyers and gives them the idea that the house has been well cared for. Certain paint colors can help your home sell faster—and for more money in some cases—along with making it more appealing to potential buyers.

 

Photo of Kitchen Interior

 

When arranging your property, experts recommend using a neutral paint color to appeal to the broadest audience feasible. A consumer must be able to imagine their furniture blending in with the paint hue of choice.

 

The Kitchen: White or Warm Gray

For painting internal rooms like the kitchen, soft gray or classic white tones are best. When it comes to selling your house, you want high-traffic areas to feel welcome so that potential buyers can imagine themselves living there.

 

A fresh coat of white paint can make a great difference. A buyer can see how their furniture, artwork, and materials will blend into their possible new room by using white walls.

 

Consider how color will translate virtually for a bright shade of white that will stand out in listing images. In actuality, certain hues may seem different than they do online.

 

The Living Room: White

If you're not sure, white it out. White paint, according to experts, will sell your property because it not only provides a blank slate for prospective buyers, but also offers living rooms a fresh, well-kept aspect that appeals to the people.

 

The Bedroom: White or Taupe

Airy white or soft taupe paint, according to design experts, is a winning pick for a best-selling bedroom. When it comes to selling a property, cream shades work well since they make a space feel both cozy and versatile. Off-white spaces are viewed as adaptable to a variety of design styles.

 

The hues give a room a professional feel while still providing a warm backdrop for furniture and accessories.

 

The Bathroom: Pale Blue

Pros feel pale blue is the best-selling color for small rooms like the bathroom or laundry room because it is fresh, clean, and comforting.

 

The Exterior: White or Gray

First impressions matter and design experts believe that fresh white or gray exteriors will win homebuyers' hearts. Are you undecided about whether gray or white is the best choice for your home's exterior? Choose a neutral paint color (think greige, beige, or taupe) that blends in with the neighboring homes in your neighborhood while also complementing your home's architectural style.

 

Overall: Put It in Neutral

Designers and homeowners alike prefer white, gray, beige, and taupe tones because they work overtime to visually extend tiny spaces and lighten dark interiors. Neutral colors also make it easier for potential buyers to imagine themselves living in the house.

 

 

Aug. 27, 2021

Short Sale Tips So You Get a Dream Deal

Even in the most efficient and plain of conditions, the process of finding a new home can feel unending. The route to the closing table is rarely short when it comes to searching for, viewing, negotiating, inspecting, and possibly renegotiating a home.

 

Though short sales aren't as common as they were after the Great Recession, they're not impossible to come by, and buyers can still get exceptional deals. You'll need an experienced real estate agent and a lot of patience to get through the short sale procedure.

 

For Sale Sign In Front of a House

 

What exactly is a short sale?

A short sale occurs when a homeowner falls behind on their mortgage payments and is on the verge of losing their home. A short sale occurs when a homeowner owes more on their mortgage than the home is now worth, and the bank has decided to accept a lower price to satisfy the obligation.

 

A short sale can assist a seller to avoid foreclosure and, more crucially, can provide actual relief to a distressed homeowner.

 

Because the bank is an active third party in the transaction, these sales take time. It's not enough for a buyer and seller to reach an agreement with the help of their respective agents; the bank must also approve the price and terms of the sale.

 

To help you gain that nuanced know-how, here are expert-backed tips to follow to make sure your short sale-buying experience goes as well as possible.

 

Know if a short sale is the best option for you

If you're thinking about buying a distressed home, compare the pros and downsides of a short sale against foreclosure or bank-owned property.

 

Short sales, on the whole, will be in better shape since they are more likely to be inhabited because the homeowner still owns the property.

 

These homes may not be completely updated, but they are unlikely to have some of the issues that plague foreclosures that have sat vacant for a long time.

 

Know where to find them

If you're looking for a short sale, start by finding a local buyer's agent that is as knowledgeable about the area as possible, as well as the short sale company. For potential purchasers, many brokerages supply listings of short sales, so ask your agent for one.

 

Short sales will be much fewer and tougher to find in a robust property market since a homeowner is significantly less likely to wind up underwater.

 

Read between the lines to understand a listing that interests you

Lists of people in loan default, or pre-foreclosure, can be found at the municipal or county clerk's office, but keep in mind that it takes roughly six months after a homeowner's last missed mortgage payment for the bank to actually foreclose. 

 

So these homes may become short sales, but it's not a foregone conclusion, and whether they sell as a short sale or a pre-foreclosure is determined by the home's valuation and the loan amount.

 

Certain government loans might not work for short sales

In general, obtaining a loan for a short sale is similar to obtaining any other type of house loan. FHA and VA loans, on the other hand, have specific requirements for residences, which a short sale may not meet.

 

One tip: To speed up the short sale buying process and ensure you're in the clear, try to be preapproved or arrange to finance from the seller's lender.

 

Be ready to deal with a third party

In general, obtaining a loan for a short sale is similar to obtaining any other type of house loan. FHA and VA loans, on the other hand, have specific requirements for residences, which a short sale may not meet.

 

One tip: To speed up the short sale buying process and ensure you're in the clear, try to be preapproved or arrange to finance from the seller's lender.

 

Lock in your rate

Because a short sale might take a long time, you'll want to keep in touch with your lender throughout the process. In addition, you'll want to lock in your interest rate for as long as feasible.

 

You may be able to lock in your interest rate for up to 90 days with some lenders. As a result, if interest rates rise while you wait, you'll be able to keep your own rate from rising as well.

 

Title insurance is important

If the title examination misses something, you'll be protected from any undiscovered claims, liens, or successors. It's especially critical for short sales, which have more unknowns.

 

 

 

 

 

Aug. 21, 2021

Home Insurance Myths Debunked

What it does and does not cover, which plan is best, and whether you legally need coverage are all common myths about home insurance. Here we debunk 7 of the most common home insurance myths.

When your home or personal property is burglarized or damaged by an event covered by your policy, homeowners insurance will compensate you.

White Single-story Houses Beside Body of Water

Myth #1: Mold, floods, and termite damage are covered

Mold, flood, and termite damage, on the other hand, are not covered by most conventional plans. 

 

Flood damage

While routine water damage from things like a burst pipe or an overflowing sink is usually covered, damage from a flood is usually not. This is due to the fact that a flood is regarded as a progressive rather than a sudden or inadvertent event. Some home insurance policies, on the other hand, offer a unique clause for this type of damage. Consider obtaining flood insurance to safeguard your house from flood damage or sewage and drain blockages if you live in a flood-prone area.

 

Mold and termite damage

Mold damage is a preventable problem from the perspective of an insurance provider, and it is the homeowners' financial obligation. One exception is if it's tied to a covered risk, which your homeowner's insurance will cover. In other words, if the mold, mildew, or fungus is caused by a specific issue, such as a burst pipe, your policy will cover it.

 

Myth #2: Everything in my house is covered

Your personal items, such as furniture and appliances, as well as belongings outside the home, are usually covered. However, the number of luxury items covered by home insurance coverage is limited. You might be shocked at what some insurance companies consider a luxury item. Make sure your policy's coverage levels are sufficient to properly protect you against loss due to damage or theft.

 

You should carefully examine the conditions of your insurance to verify that all of your most valuable possessions are protected. Consider making an inventory of your possessions. This can assist you to figure out how much coverage you'll need.

 

Myth #3: I am required by law to have homeowners insurance

Another widespread misconception about homes insurance is that it is needed by law. The truth is that you are not required to get home insurance in any of the 50 states in the United States.

 

A homeowners insurance coverage may be required by your mortgage lender. If your home is damaged by a natural disaster, for example, insurance protects not just you but also your mortgage company. They must safeguard their investment and the property's worth.

 

Myth #4: Bundling coverage is always better

Bundling house and vehicle insurance for many people can result in lower premiums on both fronts, but this isn't always the case. There will always be exceptions to what form of coverage would provide you with the greatest premiums, so search around on a case-by-case basis.

 

After you relocate, sell a car, or otherwise change anything about your coverage, it's a good idea to compare prices again. Your current plans or bundles may no longer be the most cost-effective alternative, and you should aim to save money whenever possible.

 

Myth #5: Damage caused by fallen trees is covered by my neighbor’s insurance

It's a frequent misconception that your neighbor's insurance should cover the damage to your property. However, unless there was a clear warning of the danger of the tree crashing down, your neighbor is unlikely to be held accountable in most states. Otherwise, it's just a chance occurrence.

 

Accidents happen, which is why you should have solid house insurance coverage. You never know what will occur.

 

Myth #6: The amount of homeowners insurance I need is based on the market value of my home

This is a false statement. The amount of homeowners insurance you require is determined by the cost of rebuilding your property if it were completely damaged. This includes the materials and building costs. Because the home value is determined by other criteria such as location, housing market trends, and surrounding properties, it has no bearing on the amount of homeowners insurance you require.

 

Myth #7: Purchasing a policy isn’t worth it

When it comes to an unforeseen catastrophe that damages or destroys your home or possessions, it's tempting to assume that it won't happen to you. It can feel like you're getting ripped off if you pay your homes insurance payment month after month and don't use it for anything. However, if calamity hits, insurance can save you hundreds of thousands of dollars.

 

For example, if a wildfire or hurricane destroys your home and personal items, your policy may cover the costs of repairing or rebuilding your home, replacing your belongings and paying for temporary accommodation.

 

However, any injuries you or a family member have while on your own property are not covered by your home's insurance.

 

Owning a home has countless benefits, but it also comes with many unknowns and costly risks. Homeowners insurance is a great way to protect yourself financially. You can ask for advice from your real estate agent to compare home insurance rates and terms to find the best insurance plan for your needs.

 

 

Want to know more about homeownership? You can check more topics on our blog.

 

 

 

 

Aug. 8, 2021

Save Time and Effort by Selling with an Agent

Selling your home on your own entails a great deal of risk. It takes a long time and demands a lot of effort and knowledge. 

 

Real Estate Agent Discussing in Front of His Client

 

Here's a look at some of the things you should consider before putting that "For Sale" sign-up in your yard to help you realize how much time and effort it takes to sell on your own.

 

 

Making a Good First Impression

 An agent can help you save time and effort by guiding you in the proper way depending on current market conditions. You don't want to put off marketing your home because you're focusing on items that won't affect your bottom line, especially since we're in a hot sellers' market. These market conditions may not persist, so hire an agent now to take advantage of today's low inventory.

 

Pricing It Right

You won't have this experience if you sell your home as an FSBO, so you'll have to do your own research on how to set a price that's appropriate for your location and the condition of your home.

 

Real estate agents have mission-critical knowledge of what sells and how to make the most money. They know how to look at previous comparable homes that have sold in your region and figure out what the right price is for your community. They use such information to determine the best price for your home, increasing your profit.

 

Maximizing Your Buyer Pool (and Profit)

FSBOs, contrary to widespread opinion, may make less money than sellers who utilize an agent. Effective exposure is one of the aspects that might increase earnings. Simply, using their social media following, agency resources, and proven sales methods, real estate professionals can bring your house in front of more buyers.

 

Navigating Negotiations

When selling your home as an FSBO, you will be responsible for all of the discussions. It takes a lot of time to figure out how to navigate all of this on your own.

 

Agents are taught how to negotiate every facet of a real estate transaction as well as how to resolve any potential roadblocks. They know what levers to pull when assessments are low, how to deal with the buyer and seller emotions that come with it, and when to seek second opinions in a variety of situations.

 

Juggling Legal Documentation

It can be hard to know and truly understand all the terms and requirements. Instead of going at it alone, use an agent as your shield and advisor to help you avoid potential legal missteps.

 

Connect with a local real estate agent to discuss your alternatives and learn more about how they can help you get the most out of the transaction before you decide to sell it yourself.