Beginner’s Guide on What to Know for a Real Estate Appraisal
In the U.S, approximately 5.34 million homes were sold in 2018. Most people tend to undervalue their homes while others buy houses at unreasonable prices due to lack of adequate real estate appraisal knowledge!
Estimating the market value of a property is not as complicated as people think.
If you are unclear on what a real estate appraisal is or consists of, here is a comprehensive guide with all the information you need to know.
A real estate appraisal refers to an educated guess about the value of a property. These appraisals are essential in the sale or purchase of property, especially when seeking funds from lenders. The value stated can make or close a deal within no time.
It’s worth noting that the seller is required to pay for real estate appraisal at closing.
Home Inspection versus Home Appraisals
Most people tend to confuse these two terms, which are entirely different. Both an inspector and an appraiser visit a home and take a look at it for various reasons. An inspector checks for defects while an appraiser estimates the value of the home.
A home appraisal comprises three major parts:
- The inspection
- Research on comparables
- The final appraisal report
How long does a Real Estate Appraisal Process Take?
It took a few days in the past, but after the recession, the federal guidelines require it to take a week or two. If underwriters request for past information about the property, it might take a long time for the real estate agent or seller to collect photos and data.
The appraiser looks at the characteristics of your property, including the condition of the home, state of repair, number of bedrooms, its square footage, and other vital features. All these factors are considered to estimate the general market value of the property.
The appraiser checks every room and takes note of the details required to measure the value of the home and compare it to others in the area. Once all details are collected, the appraiser conducts research on recent sales of homes that are nearly identical to yours. The final appraisal price is stated after a comparison is made.
How to Improve the Appraisal Process
Most people wonder if they can do anything, but unfortunately, the seller is powerless once the appraisal process starts. However, you can take these steps to improve the process before the appraiser comes:
- Ensure that everything looks attractive by trimming bushes, weeding the landscape, and turning on lights among other things
- Make improvements or repairs where necessary. For instance, replace old roofs with new ones and repair cracked walls. Be careful not to spend a lot on repairs because they may at times not add significant value
These steps sound like common sense, but most sellers overlook them leading to undervaluing of property.
Importance of Upgrades
When refinancing, an appraiser considers all verified upgrades. For these upgrades to add significant value, they must be permanent. Items that aren’t considered as upgrades are pools, garages, and basements.
It’s advisable to finish upgrade projects before the appraisal process starts to avoid creating an impression at the property has hidden flaws.
Why a Good Real Estate Agent Matters
Your agent meets the home appraiser, and shares home improvements noted and offers additional helpful data as well. An outstanding agent comes armed with information used to compare other similar homes to justify the price. The agent should offer the appraiser information that cannot be gathered by just walking around the house.
Types of Appraisals
The kind of appraisal used in most cases is when a real estate appraiser visits a home and inspects its interior and exterior.
A drive-by appraisal refers to that which the appraiser only inspects the exterior of the property. This appraisal isn’t comprehensive enough and is mostly used when a lender trusts the homeowner. Read more to understand how appraisals work.
Is an Appraisal Necessary?
Property appraisals are required for home sales that need a mortgage. It is essential to see the services of an experienced appraiser to get an accurate value of a property.
Sellers want to earn as much income as possible from a sale while buyers only want to incur the minimum cost, so a real estate appraisal solves these conflicting interests. It ensures fairness to all involved parties.
Lenders, on the other hand, need appraisals to find out whether the property can cover for all costs in case the buyer defaults payments.
How Appraisers Are Hired
The lender uses a third party company to hire an appraiser. Lenders and appraisers shouldn’t communicate directly to avoid irregularities. It is advisable to hire a certified appraiser who has completed internship hours and the licensing coursework.
Ensure that the appraiser has no connections with the party you’re transacting with to ensure that you get a fair deal.
Who Gets the Appraisal Information?
The appraisal is only provided to the person who orders it not necessarily the one who pays for it. In other cases, the homeowner may pay for it to minimize delays.
In case the lender orders it, the buyer cannot access it. In such situations, the lender only informs the seller or buyer the value of the property according to the appraisal.
When the buyer pays for it to get a mortgage, the law requires that the mortgage holder gives the buyer a copy of the report.
Is the Appraisal Final Regarding the Value of the Property?
If you doubt the value stated by the appraiser, your real estate agent can talk with the property appraiser to seek understanding of the decision made. Everyone makes mistakes, so the appraiser might have made mistakes that need corrections.
If the appraisal is unpleasant to you or seems inaccurate, you can always ask for another.
How often is An Appraisal Needed?
Usually, they are considered valid for not more than six months. In case the property is located in a place with rapid price fluctuation, three months is the maximum period given.
Pricing issues is one of the main reasons why homes take longer to sell. With this information, you’ll sell a house quickly and without any challenges. Check out our blog for more information on real estate appraisal.Read More
Creating Your Want List: 5 Tips for Choosing Amenities in a Home
When you are purchasing a home, you probably have a “want list” of all the items and characteristics that make up your perfect home. Some are completely personal, like preferring wallpaper to pained walls. Others, however, are critical for maintaining the value of your home and ensuring you will get a good price if you choose to resell.
Here are five items you might consider for your want list. If you can check off these items or others like them, you will not only enjoy your living space but you will also improve your odds of easily selling it to another buyer when the time is right.
Not all amenities are tangible items. Location is the key amenity for a house because it is something that is integral to the home’s value.
Luckily the value of location depends on what you want from your home. If you have kids, you are probably looking for highly rated school districts. If you have a boat, you may be looking for water access.
You may like everything about a house but if it is not in the proper place, there is no changing that characteristic. Hedge your bets by choosing a location that is the best of both worlds. For example, Jeff Stewart from HomesInMeridian.com says that Meridian, Idaho, has the urban amenities of living in a city while still having access to rivers, lakes, campgrounds, hiking, and skiing.
2. Oversize Garage
Other amenities can be specific to your needs and wants. Depending on where you live, there may be lots of other people who share your want list.
For example, if you live in a western state like Idaho, you may love to go out on the road in a motorcycle or an RV. An oversized garage is a perfect amenity for you and potential future buyers, who probably chose the region for the same reasons you did.
3. Indoor/Outdoor Living
Another amenity to seek when you are looking for a home is the option for indoor/outdoor living. Can you open up the doors to a patio so you can dine al fresco when weather permits? Is there room to add a pool, fire pit, or other outdoor amenities?
4. Large Family Comfort
Do you have a lot of children and grandchildren? Is your idea of heaven inviting all of the extended family and friends over for a holiday meal?
You will want a home with an open floor plan that allows for a large congenial group to hang out and socialize. An open design kitchen allows the cooks to be part of the action with the others watching football in the great room.
5. State of the Art Kitchen
If you are a chef of haute cuisine, you will want the most advanced, state of the art appliances in your kitchen. Even if you are not whipping up five-star meals every night, choosing a home with a top-notch kitchen is a great investment that will pay off when you later decide to divest.
Your “Want List” for a New Home: Choose What Will Make You and Others Happy
When you thinking about which amenities you want in your home, take into consideration the needs of the family. That means what will make you and the people you love happy and comfortable in your new home, and what will appeal to future families when you decide to sell.
For more tips on getting the biggest bang for your buck when buying or selling real estate, bookmark this page!Read More
4 Building Designs And Trends In Home Organization And Planning
The home organization market is growing at a fast pace, valued at $10.5 billion in 2018. One of the factors that contribute to its growth is the obsession of decluttering or tidying up a home. Driven by this passion, house buyers expect to get more out of the storage space in a home, whether it is to store clothes, food or supplies.
Shelves and other organization products are important parts of new home builds to manage clutter. Real estate builders must include innovative storage and organization solutions to keep the design of a home neat and free of clutter.
Open shelves are not new concepts, and were common in 18th century kitchen designs. Today, they are not only seen in kitchens, but also throughout the house. The design can make spaces feel light and open.
They can be fully or partially recessed into a wall for a minimalist or subtle finish, but can also be used as stand-alone furniture. The advantage of open shelving in the kitchen is that you can easily find what you are looking. On the other hand, the appearance of open shelves looks unfinished, which may or may not contribute to its charm.
To complement the increase in open shelving builds, pantries are also getting larger. They feature plenty of adjustable shelves, pull out baskets, and work surfaces.
As homeowners are obsessed with decluttering their counter tops, pantry doors may even be hidden as cabinet doors. In parallel, concealed storage for appliances around counter tops and secret drawers hold coffee pods, spices and seasonings.
For homes with limited living space or a small garage, a garden storage shed offers value to the property. It can be used to keep garden equipment, materials and furniture, making the backyard neat and clutter-free.
According to experts, the value of the shed can be maximized if there is a building permit, the structure is custom built, it is kept in a good condition and if its style matches that of the home.
The multi-generational living arrangement is a growing trend that makes sense to many families. It allows them to care for aging parents and children under one roof, reducing expenses. Living together is a common practice in several countries outside of the United States, especially with extended families.
Thus, home buyers who plan for the future expect to get more out of their storage space to accommodate the elderly and promote aging in place. Adjustable shelves and cabinets that can be altered to allow accessible storage are ideal.
A well-organized home is valuable, and a pleasant place to live in. By incorporating practical adjustable furniture and storage systems, potential home buyers are more likely to invest in a structure that offers adaptable storage solutions, both indoors and outdoors.Read More
5 Home Energy Solutions for Anyone Who Wants to Go Green
Let’s face it—human activity is damaging the planet.
Take plastic bags, for instance—most of us use them regularly but did you know that they take hundreds of years to decompose fully?
What this means is that they end up filling the landfills. Don’t forget, they can also enter the waterways and harm marine life.
Want to do your part to save Planet Earth? Consider going green.
For instance, you can opt for greener options in the house. Interested in learning more about home energy solutions?
If so, be sure to read the rest of the post!
5 Home Energy Solutions That Are Worth Considering
Remember, energy consumption is associated with greenhouse emissions, which are detrimental to the environment. Here are a few ways to reduce your energy use.
1. Buy Energy Star Appliances
Does it surprise you that electrical appliances are major energy hogs? Consider reducing your energy consumption by using Energy Star rated products—they will allow you to save money without sacrificing quality.
Take Energy Star certified washers, for instance—they use up to 50% less energy than conventional washers! Not only that, but they’ll wash your clothes more effectively too.
2. Install an Energy Monitor
Curious to know how much energy you’re using around the house? How about installing an energy monitor?
Highly affordable, these devices will allow you to see just how much energy you’re using—that way, you’ll be able to isolate devices that are using more energy than necessary.
3. Insulate Your Home
Poor insulation often leads to higher energy bills. This isn’t surprising—after all, more energy would be required to heat the home.
Fortunately, this problem is quite fixable. The insulating materials might cost you a bit, but it’ll definitely be worth it in the long run.
Building a new home? Consider using polycarbonate wall panels—they are much more insulating than other materials.
4. Switch Your Lightbulbs
Incandescent lightbulbs consume a significant amount of energy. On top of that, they have relatively short lifespans.
Why use those when you can go for energy efficient bulbs instead? For instance, you can opt for halogen incandescent bulbs, light-emitting diode bulbs, or compact fluorescent bulbs, all of which require much less energy.
As if that wasn’t great enough, they also last much longer.
5. Use Smart Power Strips
Ever heard of the term, “phantom load“? It refers to the phenomenon in which electronic devices consume electricity even when they’re turned off.
This is often the case with computers, televisions, and kitchen appliances.
Fortunately, there’s an easy way to prevent this from happening—by using smart power strips. How they work is that they’re capable of detecting when a device is in standby mode. When they are, they will cut power to save energy.
Saving the Planet One Step at a Time
And there we have it—five home energy solutions. As you can see, there are several things that you can do to minimize your energy consumption.
Don’t you want to do your part to help save the environment?
Do you have any other energy-saving tips? Feel free to share them with us in the comments below!Read More
Decorate to Impress: Luxury Home Decorating Ideas That Increase the Value of Your Property
Remodeling is a good investment strategy for two reasons. The first is in the event that you plan to sell the property later. Relying only on the natural appreciation of property might not get you a good profit margin. Actively increasing property value will give you better returns.
The second is in the event you don’t plan to sell. Even if you’re not planning to sell, improving your property value gives you a safety plan in case you have financial trouble in the future and will need to rent or mortgage the property. One of the easiest ways to add value to your property is home decorating.
In this article, we’re going to take a look at home decorating techniques and luxury home improvement ideas that will increase your property value.
You may be asking yourself how to increase property value easily. Well, luckily for you, there is a wealth of resources online on this topic. There are lots of ways this can be done, ranging from installations of big equipment to small decorative additions.
Some ways to do it are on a big scale, like rewiring the home or replacing the heating. Others are smaller and more cost-effective, like renovations and decorating.
Home decorating is by far the most cost-effective and simple way to add value to your property. If you want to add value, but you don’t have a big budget, it is the way to go. Not only does it improve your space, but the returns you can get are no joke.
The types of decorating you do can vary from simple to luxurious. Both types will be covered below so that you can make the best choice for yourself. Don’t be fooled by the price points, though!
Whether you choose a simpler or a more luxurious home improvement style, your property value will still improve.
Pocket-Friendly Home Improvement
One way to decorate the home that won’t break the bank is by updating your garden space. If your property has a lawn, garden, or balcony area with foliage, this is a small way to make a big difference.
For many properties, the garden space is the first thing that people see when they walk up to your home. For those with the garden in the back, the living spaces face it. In both cases, it’s an important feature.
Maintenance is the name of the game. Mowing your lawn is the first step, and trimming any foliage you have. This could mean shearing your bushes and trees.
Essential maintenance will give you two benefits. First, it will give your garden a more cared-for appearance. But it will also give you a better idea of what you have to work with.
Clearing up debris and growth will help you map out what else can be done
Once you have a clean slate, you’ll be able to see better what else needs work. Good places to look out for are paths, fencing, and weeds. If you have a path, a good pressure wash will have those cobblestones or bricks looking freshly laid again.
If your fencing is old or patchy, fix any broken panels and get a fresh coat of paint
Luxury Home Improvement
Maybe you’re going for something a little more luxurious. If you have more room in your budget, you can go for something a little more expensive.
Big changes on a property usually mean structural changes. That’s why we’re going to take a look at remodeling.
A simple but effective type of renovation is conversion. A conversion project means radically changing or repurposing space in your home to serve another purpose. If you feel that you have a wasted space or room that could serve a double function, convert it!
One simple way is converting your attic storage space into a guest room. Another is filling an empty alcove with a pretty window seat. If you can’t come up with any ideas, or you have too many, try consulting an architect about what you can do.
The Best of Both Worlds
Instead of picking one or the other, why not get the best of both worlds?
Get more value for money with home decoration that adds a splash of luxury without hurting your wallet. How? Add touches of luxury throughout the property using pieces that make a statement.
Bronze statues are a way to up the luxury of your property without spending too much. These statues can be used both indoors and outdoors. Putting them in both places will give your décor a feeling of continuity from the outside to the inside space.
There are many types of bronze statues you can use. Some can be abstract art. The benefit of such pieces it that they’re good conversation starters.
They also make bland spaces more interesting. Other bronze statues depict people, and you can get some that mimic famous statues.
Apart from the content, bronze statues also vary in size. Some are small to medium sizes. These are meant for tabletops and mantelpieces.
Others are closer to life-size. It’s best to get a collection of them so that you can distribute them across your property without keeping it monotonous. For example, life-size pieces can go in the garden and smaller pieces into the dining or receiving area.
Maybe you’re not interested in abstract art or any of the others you’ve searched up. Why not try a custom piece? There are plenty of artists and sculptors today that take commissions.
Using custom pieces can not only improve your space but add a sense of individuality. On stores like Etsy, you can get a local artist to make something to your exact specifications at prices starting from $170.
Decorating to Impress
Increasing the value of your property is a fundamental goal for any investment that you put into the property. Usually, the goal is to make the property worth more than when you bought it. Home decorating ensures you get the best value for your property or change its theme.
Take a look at our website for more ways to increase your property value, or update your spaceRead More
5 Things To Consider Before Building Your Own Home
If you’re thinking of taking the step towards having your own dream home built then you need to know that there are hundreds of things you need to consider before you get started. Whilst it may be one of the most exciting things you ever have done, it is also going to be one of the most stressful. Although it may seem as though it is a long way off, there are a couple of important things you need to bear in mind before you get started. With that in mind, here are 5 of the things you need to consider before building your own home:
- What Is Your Overall Budget?
The first thing you need to work out before anything else is your overall budget. Having your dream home designed and built for you can be incredibly expensive, so you need to be sure it is something you’re going to be able to afford. The best thing to do is work out exactly how much it is going to cost for each individual aspect, adding them up to reach your total cost. Be sure to add a little bit of extra money to each figure, as it’s better to overestimate than it is to underestimate. For a guide to budgeting for your house, you can visit this site here.
- Where Do You Want To Build?
Another important aspect you need to think about before you get starting with your build is where you want to live. Whilst you probably won’t be able to get planning permission for absolutely everywhere on your wishlist, chances are you will have a number of places to choose from. Weigh up the pros and cons of each and before you know it, you will be able to make the best possible decision. For a guide to planning permission when it comes to building your own home, you can visit this site here.
- Have You Spoken To A Professional?
If you are seriously considering having your own home built, you’re going to need to speak to a range of different professionals. Whether it’s speaking to a design company to talk about the interiors of your home or speaking with a construction company to pin down the details of the build, having a clear idea of what is and isn’t possible will help make the process run as smoothly as it possibly can. The best way to ensure you have as many opinions as possible is to speak to a number of different custom home builders in each area, some will be able to do things others can’t.
- Do You Have Any Priorities?
If you have priorities when it comes to building your home it is important you are taking the time to speak to your design and build teams about them. If there are certain features you want your home to have, the sooner they know the better. Not only will they be able to factor it into the build, but they’ll be able to give you an idea of how much it costs.
- Have You Got A Contingency Plan?
Finally, you need to be sure you have a contingency plan when it comes to your build. Whilst you may like to think that everything is going to go to plan, there are a lot of things that can go wrong when you’re building a house. Whether you don’t get the planning permission you need or you cant source the materials you want, you need to be sure you have a plan in place should this happen. For a guide on setting a contingency plan, you can visit this site here.
Are you considering having your dream home built for you? What do you need to consider before you get started? Let me know in the comments section below.Read More
Cozy Log Cabins: Our Guide to Log Home Maintenance
Did you know that the first log cabins in America were built by Swedish and Finnish immigrants?
For centuries, Americans have flocked to cabins to escape the hustle and bustle of life and recharge in nature. Although log cabins are beautiful, owning one requires some special care to keep it in top shape.
Want to become an expert on log home maintenance? Keep reading for 5 must-know tips.
1. Start Your Log Home Maintenance by Washing and Inspecting the Exterior
Contrary to popular belief, log cabin maintenance isn’t as hard as you’d think! The chore you have to do most often is keep the exterior clean. This involves hosing off any dirt, pollen, bird droppings, or other debris.
Whenever you do these cleanings, which should be around three times a year, you should also inspect the wood. If you happen to notice any cracks, you don’t have to worry as long as they’re small. If the cracks get larger over time, then you should call in an expert to make sure the structure is safe.
2. Do Some Landscaping
Log home care requires having a happy balance of plant life surrounding your cabin. If you have too many shrubs and trees, the wood won’t get enough sunlight to stay dry. This could lead to mold, rot, and other serious issues.
If you don’t have enough plants, the sun could be too strong. Too much sunlight can prematurely age your wood and damage the protective outer layers.
In order to maintain your cabin, you should let plants grow nearby. If they get too close to your home and start trapping moisture, then it’s time to give them a trim.
3. Install and Maintain Gutters
If your log cabin doesn’t already have a gutter system in place, then you’re putting your home at risk. Without proper drainage, your wood is susceptible to mold, mildew, rot, and leaks.
Once you have gutters installed, you’ll want to clear any debris at least twice a year to ensure they can keep draining. While you do this, be sure to wear gloves and a mask so you don’t inhale anything that could irritate your lungs.
4. Apply Stain as Needed
One of the most important log cabin maintenance and repair tasks is to ensure your wood is protected from the elements. Log cabin homeowners maintain their wood by applying stain, which is a spray that helps seal the exterior.
Although the staining process can be a bit of a pain, the good news is that you’ll only have to do this chore every three years or as needed. As long as the finish on your wood isn’t chipping, your cabin should be in excellent condition.
5. Keep Insects at Bay
If your home was built by cabin experts like Lodge Log and Timber, then you can feel at peace knowing you have the highest quality wood on the market. Not all wood is created equal, so some types are more susceptible to infestations.
Rot and insect infestations go hand in hand. If you notice that the exterior wood is getting soft, this makes it easier for all kinds of insects to drill their way inside. The best way to protect your home against infestations is to apply stain finishes that are designed to repel insects and keep your wood dry.
If you notice any signs of an infestation, it’s best to treat the problem right away. As more bugs eat their way through your wood, the more your home’s structure is at risk.
Want More Helpful Tips?
With these 5 log home maintenance tips, you’ll be able to keep your cabin in pristine shape all year.
For more helpful homeowner guides and real estate information, be sure to check out our blog. If you’re interested in buying property in Miami, you can also check out our properties for sale.Read More
5 Simple Tips to Keep Your Wood Deck Clean
Summer is upon us, and with the scorching summer temperatures comes patio season.
This is the best time of the year for homeowners who are lucky enough to have a deck. You’ll finally get to spend some quality time outdoors enjoying the perks that come with the summer season.
Any deck owner knows, though, that owning a deck is not all beers and BBQs. It comes with some essential responsibilities that can not only expand the lifespan of the deck but the beauty of it as well.
Keeping your wood deck clean is an important task that every deck owner needs to take seriously. Read on to find out how you can ensure you’re sipping beers and BBQ’ing on your deck for many more seasons to come.
Keeping Your Wood Deck Clean
Having a clean looking deck goes far beyond aesthetics. Sure, it’s nice to have a beautiful-to-look-at deck, but it’s more important to have one that will stand the test of time. With proper maintenance and knowing the do’s and don’ts of wood deck ownership, you can extend the lifespan of yours. Let’s take a look at five steps you should take to ensure your deck will stand the test of time.
1. Buy the Right Supplies
You must be willing to invest in high-quality deck cleaning supplies to be sure that you’re cleaning it in a way that won’t harm the wood. Most of the main supplies you’ll need to clean your deck are things you probably already own. The essentials you’ll need are:
– a broom
– a garden hose
– a bucket
– a stiff deck brush
– a high-quality wood deck cleaner
If you’re wondering how to clean a wood deck naturally, there are recipes online you can try to create your own DIY cleaner.
If your deck requires a little more TLC, you may need to purchase additional supplies. If, for example, you need to repaint or refinish the wood, you’ll need to buy a scraper for scraping off old or chipped paint and a stiff scrub brush to remove the flaking stain.
2. Grill Smart
Spring and summer weather is perfect for getting out on your patio and enjoying some delicious BBQ’ed goodies. If you’re an avid barbecuer, you’ll need to take steps to ensure you’re not ruining your deck amid all the summer patio festivities.
Always use a grease catcher or splatter mat when you’re grilling. Doing so will ensure that you won’t be trying to scrub out difficult-to-remove grease stains from your beautiful wood deck after the party is over.
3. Clean All Year Round
Just because the leaves on the trees start changing color doesn’t mean that you can hang up your home maintenance hat. To preserve the lifespan of your wood deck, you need to perform year-round maintenance on it.
Make sure you’re sweeping it in the autumn months to keep leaves and dirt from accumulating. In the winter, you’ll want to shovel off excessive snowfalls. Truthfully, your wood deck is probably stronger than you think and many experts suggest not shoveling it religiously during the winter. You should keep a clear exit, however, in case of an emergency.
4. Seal, Seal, Seal
No matter how old your deck is, it needs to be sealed. Sealing is what’s going to protect your deck from moisture that’ll cause the wood to swell. Having it sealed will protect the wood from the sun. Without a sealant, it will go through cycles of expanding and shrinking, which leads to warped, cracked and, well, ugly wood.
It’s important to note here that even if you’ve used pressure treated wood in the construction of your deck, it still needs to be sealed. This type of wood won’t be able to protect your deck from the elements. Pressure treated wood is more porous and liable to damage from the weather.
5. Hire a Professional
You should consider hiring a professional deck cleaner and getting it re-sealed every 2 or 3 years. Doing so will protect your deck from the rain and sun. UV rays can cause the wood to dry out or retain water, which can lead to premature splitting and warping.
If you’re lost, home contractor professionals like those at sunburstdeck.com/ can assist you with all of your deck maintenance needs.
Enjoy the Summer
Now that you know the ins and outs of keeping your wood deck clean, you can enjoy the rest of your summer in peace. Remember, though, that your wood deck’s maintenance is a key component in its longevity.
If you’re itching for more tips for homeowners, take a look at some of our other blogs.Read More
Why Sell to Companies That Buy Houses
As people’s lifestyles and preferences significantly improve over time, their choices wouldn’t be the same anymore. For instance, homes that were built for a long time has lost its charm and appeal to their owners, or it’s just simply way too old and weak for them to dwell in.
This is the time where people consider selling their current home to purchase a new one. The hunt for finding a house buyer is difficult, especially for homeowners who don’t have any experience in selling a home.
Fortunately, various people and organizations are also on their hunt for purchasing a new property. However, it’s more advantageous to have your home sold to companies that sell homes, like the Nexus Homebuyers and Cream City Home Buyers, that could provide multiple benefits to homeowners.
As you’re planning to sell your current home for your own purposes, you deserve to obtain the greatest value of your home by selling it to companies that are dedicated to buying houses. But you might ask yourself, why should you sell from these companies?
Having Sufficient Time to Decide
Companies that buy houses will definitely not pressure you to sell your home immediately to them. This is perfect for homeowners that are still hesitant about selling their homes. It might take you a long time to decide, but “We Buy Home” companies are willing to wait. Sometimes, you can even talk about your decision and seek their professional advice regarding the matter.
The entire choice is up to you. You can decide to sell your house to these companies, or not. In case you changed your mind, deciding to keep the home to yourself or even selling the property to other institutions, it will be fine for them. Nonetheless, if you decide to sell your home, then they’ll get you ready for the succeeding steps.
Houses are huge investments. This makes potential buyers to be meticulous in every detail of the house, checking whether all features are functioning properly. Worse, after deciding for a long time whether to make the purchase, some buyers change their mind and it’ll be a total waste of time for you.
In cases where your house requires minimal to extensive repairs, it’s even more difficult to sell your house. For interested buyers, it’s more convenient to buy a house without necessary maintenance. Thus, in order for your house to be sold, you’ll have to make sure that it’s in tip-top condition.
However, repairing a house can be costly for you. The point of selling your house is to make money out of it, not empty your pocket even more. This is where companies that are dedicated to buying houses come in.
They’ll buy your home in cash, with no specifications of the repairs needed. The transaction will simply take about 2 days for making the offer and a week or longer for making the purchase, and you can take your money.
In cases where your house needs repairs, they’ll only deduct the potential expenses required in repairing your house from the original selling price.
Sell The House As It Is
As mentioned, most buyers require your home to be well-maintained and sturdy since it’s their lifetime investment. This disadvantage can consume your time and money as you’ll need to repair the necessary restorations of your home.
It’s a good thing that “We Buy Houses” companies aren’t picky when choosing houses. They will do the repairs themselves once they get the property, so you won’t be burdened by having your old house repaired when you want to sell it immediately.
On the other hand, if you’re planning to sell your home with an additional value, then you can have cost-effective upgrades to add value to your property as well.
This case is applicable for homeowners that aren’t in a hurry to sell their houses. These upgrades are a great investment since it increases your house’s value in the market once you decide to sell it eventually.
Minimal Waste of Time
Relatively alike with an immediate purchase, selling your home to “We Buy Houses” companies can save you a lot of time that could be used in a more productive manner.
Selling your house as an owner is extremely stressful, especially if you don’t have assistance from real estate agents. It can take months, even years, before you sell your house.
Moreover, you need to possess certain skills to get your house sold more quickly. Good marketing skills are a must for sellers, as buyers prefer someone with strong knowledge about the investment that they’ll purchase.
Additionally, in order for buyers to be more encouraged in purchasing your home, you need to maintain constant communication with them.
You can also opt for selling your house online. If you want to do this, this requires you to engage in different online platforms where you can seek the attention of interested home buyers. Also, you’ll need to upload photographs and features of your home, and it has to be excellently crafted to be pleasant to their eyes.
It will need to list some specifications of your house like you see in marketplaces where the finest details have to be mentioned, and it can consume a lot of your time.
All the wasted time and effort that you’ll need to sell your home can be remedied by companies that buy houses. It provides a lesser waste of time as they can provide you clear and concise negotiation integrated with their professionalism in their field.
Saves The Cost of Real Estate Commission
Asking for assistance from real estate agents and companies in selling your house is an additional expense. As their business revolves around making home purchases easier for homeowners, their service will be quite expensive.
This commission can decrease the selling amount that you acquire from your home instead of keeping all the money to yourself. In some cases, you won’t get a fair mortgage when working with a real estate agent in selling your home.
With their wide network of financial organizations and institutions that they’re in touch with, these people have more knowledge in finance than you.
Take note that these individuals have connections to insurance companies and banks that’ll also offer their services directly to the agent, whereas offering a price less than most competitors. As real estate agents obtain your engagement in this matter, you should bet that they’ll most likely get a commission from the buyer too.
If you will consider selling your home to “We Buy Houses” companies, it will save you the additional cost of hiring a real estate agent to sell your home. They don’t charge additional fees as they’re the ones directly purchasing your home, not acting as a bridge that’ll help you find your buyers.
Choosing The Preferred Mode of Payment
Most real estate companies have their own standard mode of payment. Your preferred mode of payment is most likely to be rejected, which can be a big disadvantage.
As a homeowner, you have different reasons why you want to sell your home. The value that you’ll gain is allotted for different purposes and you would like it better if your money will be sent to options that you prefer.
In companies that buy houses, you can freely choose which mode of payment you prefer. You can have it deposited in your bank account following a timely basis, in a cheque, or quick cash.
If you immediately need the money to pay for your other expenses, these companies can pay in quick cash in case you need the money immediately.
As companies that buy houses are not known to most people, they think that the best ways to sell their homes are to real estate companies and personal buyers. However, these companies have a lot of advantages in making the most out of the house that you plan to sell.
It’s quite difficult saying goodbye to your old home when transferring to a new one, but companies that buy houses provide you the relief of having your old home in good hands.Read More
Advice for Agents: 5 Essential Tips on How to Get Clients in Real Estate
When it comes to growing your real estate business, it all starts with growing your client list.
But how do you do that in today’s real estate market? How do you compete against 2 million other realtors?
The good news is, growing your business is entirely in your own hands. Once you know the tricks of the trade, then it’s just a matter of outworking your competition.
Read more for five smart tips on how to get clients in real estate and grow your business now.
1. Ask for Referrals
75% of your business is going to come from referrals. That’s a staggering statistic that speaks to the importance of making clients happy for positive word-of-mouth.
Since most of your clients will be referrals, don’t be afraid to ask your current clients and network for them. You can offer referral gifts to anyone who refers you to a new client. Many agents find success offering referral gifts on their website, and promoting the offer on their social media channels.
But perhaps the easiest and most effective technique is to call your network of friends and colleagues and simply ask: “Do you know anyone who is looking to buy or sell a house in the near future?”
It’s also wise to partner with loan brokers and escrow agents you know to do good work. Ask them to refer interested parties to you and promise to do the same for them.
2. Grow Your Online Presence
Say goodbye to cold calling expired listings and say hello to creating a strong online presence.
These days, buyers and sellers do their research online before contacting real estate agents. They research who you are and read your reviews before they contact you.
That’s why having an online presence is no longer optional. Create a strong website with helpful tools and resources to help potential clients. Create strong content, such as tutorials and how-tos, checklists and guides for your audience. You have a much greater chance of landing a new client after you have served them for free.
Promote your website and articles on your social media channels. Post pictures of your life and your business to give people a sense of who you are. Feature reviews and testimonials prominently on your website and social accounts as social proof of your outstanding record.
3. Work Open Houses
Open houses are a gold mine of leads. Most people who come through the door are interested in purchasing a house. And many of these buyers will need to sell their own house as well.
If you have a listing, feature an open house whenever you can. It’s also fairly simple to host an open house for other real estate agents who may be too busy themselves. They’ll be happy someone is promoting their listing and everyone who signs your guest sheet is a new lead for you.
4. Consistently Promote and Brand Yourself
Branding yourself is a great long-term approach to lead generation. Create a name for yourself, and focus on a niche such as a type of home you like to sell. Or maybe your an expert in a particular area or neighborhood.
Once you are recognized as a leader in your niche, you can garner a regular stream of leads. Create content for your website based on your niche. For example, you may have articles on how to find custom homes in a prestigious neighborhood. Or you could list the benefits of living in that particular neighborhood.
Share real estate stats, important phone numbers and a calendar of events in that area. Anything you can do that links your name to the niche you want to serve will help you attract targeted leads.
5. Network, Network, Network
Real estate is a face to face business. Meeting someone is the first step towards earning a new client. The more people you meet, the more clients you will have.
Of course, not everyone will become a client. It’s a numbers game. The point is, get out there and meet people. And when you do, let them know you are an agent. Even if you work for a virtual real estate brokerage like Ashby & Graff Advantage, you’ve got to get yourself out there.
Craft an effective elevator pitch and have your business cards at the ready. Let people know who you are and what you can do for them?
Attend community and charity events you are interested in. Join real estate and investing organizations and to meet others interested in real estate. By involving yourself in the community, you get to know a lot of people, all of whom know you are a reputable real estate agent.
How to Get Clients in Real Estate: The Bottom Line
If you want to know how to get clients in real estate, you have to remember that most business will come from referrals. So meeting new people and asking your current network for referrals are likely to be your two most effective lead generation tactics.
And, of course, nothing can help your business more than providing the absolute best service and attention to detail in your area. The positive word-of-mouth you receive will serve you well throughout your career.
Check our site every day for new helpful content just like this.Read More