Whether you’re just starting your home search or applying for a loan, nothing happens quickly in real estate. Everything takes time. Here are a few tips to help you manage those pesky real estate timelines.
Whether you’re about to put your house on the market or responding to a list of repairs from a potential buyer, you should always-always-always get multiple estimates on repairs. You get what you pay for when it comes to repair work but some companies charge way more than they should while doing way less. And not every handy man with a tool box is qualified to make all repairs. Here are a few tips on getting the best value for your buck.
Owning rental property might be a good way to build wealth for retirement, but becoming a landlord may not be as easy as you think. With rental property ownership comes tons of responsibility. You’re the owner, landlord, and maintenance man, which means you’re the one who gets the call in the middle of the night when the toilet is overflowing. Before you invest in rental property, consider these tips.
When you’re getting your house ready to go on the market don’t forget to clean out the garage. Or as I like to call it, “your in-home storage unit”. You should declutter your garage just like the rest of the house. Buyers want to see a clean garage where all their stuff will go, not all your stuff that’s stuffed in there. Here are a few tips on how to return your garage to its original purpose: to house your automobile (which is probably full of stuff).
Lots of people watch those house flipping shows on HGTV and think, “Hey, I can do that. How hard can it be?” HARDER THAN YOU THINK, CHIP!! Successful house flipping is not only hard, it can be expensive and risky. There’s no quicker way to lose every cent you have and find yourself neck deep in debt. So before you jump out there and buy some old house to flip, heed these words.
Lots of deals are torpedoed by inspections that reveal problems with the house. Buyers want everything fixed, no matter how minor. Sellers don’t want to spend a dime on a house they’re leaving behind. What’s the solution? I’m a big believer in heading off trouble before it begins.
When it comes to real estate, people do judge a book by its cover. Or more accurately, they judge your house by how it looks from the curb. If a potential buyer pulls up to the curb and your home looks like no one lives there, chances are they won’t even get out of the car to come inside. Sale lost! Here are my tips for increasing the curb appeal of your home and the price buyers might pay.
Some people think inspectors appraise property and appraisers inspect property. Nothing could be further from the truth. Appraisers work for the buyer’s lender to come up with an appraised value of a property to make sure the lender isn’t lending more than the property is worth. Inspectors inspect properties looking for defects that the seller will ultimately have to pay for. Neither works on behalf of the seller, which is why so many deals go down the drain after a bad inspection or low appraisal.
Is it better to paint every room the bland universal gray and replace the flooring with something equally benign before you put your house on the market or should you just cut the price and let potential buyers decorate for themselves?