Should you use video to market your house online? In a word: duh. The web is moving toward video. The experts say within 10 years most of the content on the web will be video. If your realtor is not using video to sell your home, you’re missing out on potential buyers. And you have a crappy realtor.
I hear it all the time. “Tim, you have to find us the perfect house!” The truth is, there’s no such thing as the perfect house. Sure, a house might seem perfect at the moment, but within a few weeks or months the warts will begin to show. Perfection is temporary. And just a point of view. Rather than focusing on the perfect house, focus on finding the “nearly perfect” home that suits your needs now.
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.
When you buy a home, you’re likely to run into a number of real estate terms. Let’s look at one. Down Payment. A down payment is made by the buyer at the beginning of a home purchase to show commitment to the transaction. It’s usually a percentage of the total price of the home, and paid through a wire transfer. This payment is immediately applied to the buyer’s equity position in the property.
Before you settle on a new home you should thoroughly check out the neighborhood at different times of the day and night. A neighborhood might be calm and peaceful during the day, but all hell might break loose at night. Here are a few tips to help make sure the neighborhood is the right one for you and your family.
When shopping for a new home the word proximity should be top of mind. How close is the house to schools, shopping, restaurants, doctors, work, friends, family, etc. You might find the perfect home but if it’s off the beaten path, the allure may wear off quickly.
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.