If you're an apartment renter ready to take the plunge into home ownership, there are a lot of reasons to be excited! Owning your own home does bring with it additional work and responsibilities, but the feeling of pride that accompanies it makes it all worthwhile!
Once you get used to the idea that "the buck stops here" and that there's no landlord to handle repairs and maintenance any more, it won't take long to get into the rhythm of being an established property owner. Here are a few tips to help ensure that your first experience with home ownership is a satisfying one.
- Get a good real estate agent. A real estate professional can provide you with valuable guidance, advice, and information about houses you're considering in your desired neighborhoods and price ranges. A buyers' agent can help you avoid many of the potential pitfalls of buying your first home and help you stay within budget. They'll assist you in clarifying your priorities and work on your behalf to find homes that meet your requirements. A service-oriented agent will not only point out the positive aspects of houses you're considering, but they'll also discuss ideas for adapting the home to your specific needs and lifestyle.
- Hire an experienced property inspector. A seasoned home inspector can take a close look at the condition of the house and property you're considering and help make sure there are no major structural defects, safety issues, or operational problems with the home's systems and components. Although every property inspector approaches their job a little differently, their inspection service should include everything from the roof and foundation to the plumbing, electrical, and HVAC systems. They may also report to you on the condition of the home's insulation, its exterior, and any existing or potential drainage problems on the property. Certain aspects of the house may be excluded from the inspection if it's difficult or unsafe to gain access to them. A top-notch home inspector can also provide useful insights into repairs that need to be made on the house. As a side note, professional property inspectors are often members of The American Society of Home Inspectors and follow the organization's Standards of Practice.
- Visit a lot of different houses for sale before making a final decision. It also pays to have a checklist with you to keep track of how each house stacks up to your requirements and expectations.
10 Elm Ct, Hatfield, MA 01038
Do you know home selling lingo? If not, miscommunications may arise that prevent you from maximizing the value of your house. Perhaps even worse, you risk making poor home selling decisions due to the fact that you don't fully understand the real estate terms included in a home sale agreement.
Fortunately, we're here to bring clarity to assorted home selling terms that you may encounter as you proceed along the home selling journey.
Let's take a look at three common home selling terms that every property seller needs to know.
Over time, the value of your home may deteriorate due to age, wear and tear and other problems. This is referred to as "depreciation," and depreciation ultimately may impact your ability to get the best price for your house.
To find out how much your house's value has depreciated, it may be worthwhile to conduct a home appraisal before you list your residence. That way, you can analyze your house's strengths and weaknesses. You also can uncover innovative ways to boost your home's appearance both inside and out, thereby ensuring you can set the optimal initial asking price for your residence.
2. House Closing
A house closing refers to the final transfer of ownership from home seller to homebuyer. Thus, once you and a homebuyer are ready to dot the I's and cross the T's on a home sale agreement, you'll complete the house closing process.
During a house closing, all terms of a contract between a home seller and homebuyer must be met. Moreover, the home deed will be recorded, and the house will finally be sold.
The house closing is a key part of the home selling cycle. At this point, a home seller will receive final payment for a house and transfer ownership of the property to the buyer.
3. Real Estate Agent
A real estate agent plays a pivotal role in the home selling process, and for good reason. If you hire an expert real estate agent, you should have no trouble navigating the home selling journey.
Typically, a real estate agent handles all of the tasks associated with listing and selling a house. This housing market professional will help you promote your residence to potential homebuyers, host open houses and home showings and even negotiate with homebuyers on your behalf. Plus, if you receive an offer on a home, a real estate agent can offer honest, unbiased recommendations about whether to accept or reject the proposal.
You don't need to look far to find a qualified real estate agent in your area, either.
Real estate agents are employed across the United States. In fact, if you interview multiple real estate agents in your area, you can find a real estate agent who makes you feel comfortable and confident about selling your house.
Allocate the necessary time and resources to learn various home selling terms. With a clear understanding of home selling terms, you can avoid potential pitfalls throughout the home selling journey.
There are a number of reasons you may want to sell your home quickly. Whether you’re hoping to avoid making two mortgage payments, or if you are moving a long distance and have a limited time to close on your old home, it can become imperative to sell quickly.
Many homeowners in a rush to sell their home are at a loss for what they can do to increase their chances of selling quickly without substantially lowering the price.
If you’re in a competitive buyer’s market it can be even more difficult to make a quick sale. Fortunately, there are things you can do to help expedite the selling process. In today’s article, we’ll show you how to do just that.
Read on for tips on selling your home faster so you can move on to focusing on your new home.
To give yourself the best chance of attracting buyers, you’ll want to focus on cleaning and staging your home.
Many sellers leave their belongings in the home and simply fill up their closet and basement while selling their home. A better approach is to rent a storage unit to keep your belongings in. This will make sure you can showcase the size of your closet and other storage areas in viewings and in your photography.
When it comes to photography, using high quality photos that show off the lighting and spaciousness of your home will attract more leads on your home. Spending money to hire a photographer for the day can save you valuable time and give you quality, marketable photos of your home.
Rethink your pricing
If you need to sell quickly, the easiest way to do so is to make sure you’ve priced your home reasonably. Many sellers have a tendency to aim high, thinking that they will be haggled down by a buyer.
However, fewer people will reach out if your home is outside of their budget. Set your home price close to its market value and make adjustments accordingly.
Add quick curb appeal
Curb appeal is the measure of how welcoming and desirable your home looks upon driving by or pulling into the driveway. This can be achieved with landscaping, paving the driveway, and cleaning the house’s siding.
However, you don’t have to spend thousands to clean up the outside of your home. Sometimes simply mowing and edging the lawn and adding fresh mulch goes a long way toward improving curb appeal.
Another thing to consider is the best time to take outdoor photos of your home. If you have a great view or sunsets, try taking photos at different times of the day to show off all your property has to offer.
Remove personal items
You want your home to appear livable--not lived in. Make sure family photos and other personalized items have been removed for real estate photography, open houses, and viewing.
Similarly, if you have any rooms painted colors that others may find jarring, re-paint them in a neutral, calming color. And, if any of your walls are painted a dark color, brighten them up to make the room appear larger.
This approach stands true for the driveway and garage as well. You want potential buyers to imagine how they could use the space--not how you’re currently using it. Make sure your vehicles and outdoor equipment are out of sight in your photos and during showings.