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.
You hear the ads all the time. “We’ll make you an instant offer on your house! If we can’t sell your house we’ll buy it! We’ll make you an offer on the spot!” As you would expect, these offers might be too good to be true.
Many times curb appeal stops at the front door. It’s not enough to have great curb appeal from the front, but your backyard must be equally impressive.
It’s hard to break the news to a client when their home is underwater, i.e. they owe more on the home than it is worth. There’s not much they can do except keep making the payments and hope someday the tide turns, or sell it for a loss, which no one wants to do.
Even Zillow says their popular Zestimate feature is a ballpark guess at best and doesn’t reflect the true value of a home. Still, everyday I hear someone who takes the Zestimate as gospel… Poor misguided foolz…
Most sellers are unrealistic about the true market value of their home. Most buyers are unrealistic about how much home they can actually afford. Until both sides bring their expectations down to earth, it’s impossible to do a deal.
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.