Finding the right home for you and your family is a rare experience, and because it is, you should make it as enjoyable as possible. However, you must remember you are probably also making the largest expenditure of your life, and careful considerations should be made.
1) You should first contact a lender to determine what size of home will comfortably fit your budget and lifestyle. This will enable you to narrow down your search to a specific price range. Continue reading
Step – 1 Make the Decision to Buy. It seems obvious, but it’s good to note that the first step to buying a house is making the decision to buy. Consider the reasons you want a new house and write them down. Determine how long you want to live in the new house – does buying still make good financial sense? Can you afford a house that will meet your list of requirements? A good rule of thumb is your mortgage payment should not exceed 1/3 of your net monthly income. Continue reading
1. No Major Purchase of Any Kind
Review the article titled, “Don’t Buy a Car,” and apply it to any major purchase that would create debt of any kind. This includes furniture, appliances, electronic equipment, jewelry, vacations, expensive weddings……and automobiles, of course.
2. Don’t Move Money Around
When a lender reviews your loan package for approval, one of the things they are concerned about is the source of funds for your down payment and closing costs. Most likely, you will be asked to provide statements for the last two or three months on any of your liquid assets. This includes checking accounts, savings accounts, money market funds, certificates of deposit, stock statements, mutual funds, and even your company retirement accounts. Continue reading
1. Make an Impression
Prospective buyers make up their minds about your house even before they get out of the car. To ensure they have the right idea, clean up your yard, rake the leaves, shovel the snow, and sweep driveways and porches. Get out the rags and cleanser and spend 30 minutes scouring your front door, porch, railings and steps. Then tuck away all your recycling cans and bins at the back of the house. Continue reading
If you want to know how to sell a house quick and effortlessly, it means making it stand out among the competition and making wise marketing decisions that will attract buyers, whether they’re looking at the home from the street or taking a tour of the inside.
1. Price It Right
Before putting your house on the market, research current market trends, look at comparable houses in the area and price your house to sell. Don’t be tempted to overprice your property just to see if you can make a quick, high profit. Selling your house quickly means pricing it right the first time around. Continue reading
Mistake #1 — Pricing Your Property Too High
Every seller obviously wants to get the most money for his or her product. Ironically, the best way to do this is NOT to list your product at an excessively high price! A high listing price will cause some prospective buyers to lose interest before even seeing your property. Also, it may lead other buyers to expect more than what you have to offer. As a result, overpriced properties tend to take an unusually long time to sell, and they end up being sold at a lower price. Continue reading
Landscaping is nice, but not in everyone’s budget. At minimum, lawns should be freshly mowed, leaves raked, or snow shoveled. Consider a hanging or potted plant for the entrance. Sweep the porch, deck and all walk ways and ensure garbage and recycling are tucked neatly away from the front of the house.
Scrub your front door, porch, outside railings and steps. This is cheaper than repainting and makes a world of difference. Once the outside entrance is clean, decide if the paint really needs a touch up. Continue reading
How to Set the “Right” Price For Your Home 4 weeks ago When pricing your home, you may consider the price you originally paid, add a substantial markup and presume you’re done. This would be a grave mistake; one that could wind up costing you thousands or end in no sale at all. In order to price your home to sell there are many things that should be considered: Obtain A Few CMA’s (Comparative Market Analysis): When interviewing agents, you should obtain CMA’s from each agent offering an idea of the price your home should sell. A CMA details the prices of similar homes recently sold, on-the-market homes as well as homes that simply did not sell in your area. Be wary of agents attempting to “buy” your listing. Continue reading
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