Disclosing known issues with a property protects the seller from future lawsuits and the buyer from future headaches. Regulations vary by location, but here are some common real estate notification and disclosure rules sellers should consider, and buyers should know to ask about.
How do real estate agents get paid? Real estate agents work on a commission basis, meaning that their time and efforts are only rewarded once a transaction goes through. So when you see that line item in the contract, at least you know why it’s there. Read on to find out more!
Is your home exterior prepared for showings this spring and summer? Have you done all the work so that prospective buyers driving by will admire it? If not, have no fear as it only takes some quick maintenance. You need to start with the front lawn, as it will be the first area people see. Here are the areas in the front lawn you need to focus on to ensure buyers will have the best impression possible as they walk up for showings!
In recent months, my wife and I have been on the hunt for a house. Fortunately the search is over, but in the course of looking for our dream home, we were treated to a few – shall we say – interesting approaches to decorating. These screaming, shrieking examples of what NOT to do, are worth mentioning:
If you tried to purchase a home in 2013, you’re probably familiar with the bidding wars that ensued in many markets. But trends are starting to show that that won’t be the case for 2014’s prominent home buying season (the spring and summer months).
Today, we’re setting out to bust the myths of some of the most popular pieces of real estate advice. We’ll break down the most often-heard nuggets of “wisdom” and find why or why not it might work for you.
Before you start gold-plating your sinks and creating an over the top man-cave in your basement, remember that not everything you do to your property adds value to the home, and that the law of diminishing returns is always at work. So whether your clearing out a garden, or putting in a retaining wall, remember that curb appeal does not convert one-to-one with home value. Read on for a short list of things that may not convert dollar for dollar to the overall value of your home.
Picture this: Your dream home, nice yard, great neighborhood, affordable, quiet neighbors; it’s truly more than you’d ever expect it to be. Your heart is racing, and you’re trying your hardest not to seem too eager in front of the real estate agent. That’s when it hits you. Why is this in my price range? Everything about this house points to a higher price point? What is wrong with this property? Read on to find out what a stigmatized property is!
Don’t get caught scrambling and scrubbing when potential home buyers stop by. With a little hard work up front (and a lot of diligence), your home will stay showcase ready for even the most finicky of house hunters.
For most Americans, a sizeable chunk of their net worth is tied up in the value of their homes; the average homeowner invests upwards of 35% of their income in mortgage payments and home maintenance. It’s no wonder then that people count on recouping their investment when it’s time to sell their home. Your home’s sales price ultimately depends on making it attractive to prospective buyers. Curb appeal, fresh paint, and a good location are obvious advantages, but there are also less obvious factors that significantly impact the value of your home.