Crucial Questions to Ask Your Real Estate Agent Before Buying

Buying a home can be stressful. Whether you have already sold your own home, are waiting for a rental lease to expire, or are living at your in-laws, buying a home is fraught with unexpected problems.

However, those things are temporary and veteran and novice home buyers alike will get through those issues. Buying a home is a long-term investment and your decisions will remain with you before the ink dries.

It is important to make sure that you ask questions about all of the prospective homes you are interested in. When you have narrowed down your home-search to a few or even a single home, it is then that you must be prepared to ask the agent a myriad of questions about the prospective properties.

The following questions are an excellent place to start:

How many offers have the sellers had so far? The answer to this question will tell you and your agent if you have the upper hand in negotiating a deal or not. If there are many offers, you have to come in with a bold offer in your budget-range in order to successfully win the bid and get the house. If you are the only one looking or one of a few (taking into account the amount of time the house has been on the market), then you could have the upper hand and offer an amount below the asking price. The owners may accept it rather than wait on the house for another 6 months.

Which direction does the property face? This is a quickly and easily answered question—one you can check on the computer using a browser map. It may seem off-beat, but knowing what direction your potential future home is facing will ensure you know if an evening on the patio will be pleasant or a blast of the setting sunlight as well as whether the bedroom you wanted fills up with blinding light upon sunrise.

When was the home built? This is an important question for obvious reasons. Older homes can be more expensive and may need more repairs. It can also indicate that you need to check out the home via inspectors (which you will need to do anyways for insurance) looking for deep cracks, crumbling foundation, or failing structure.

Alternatively, an older home can be sound and offer much better quality than a newer or cheaply-made home. You may need to purchase a nice pressure washer to get the outside of the home all nice and clean.

Does the property have any noisy neighbors? If the agent does not know, the sellers may be hesitant to tell them if they do. They want to sell their home and they do not want noisy neighbors to break the deal. However, this is a very important part of finding your next peaceful home.

If the property has changed hands a lot recently, that can be an indication that something is wrong with the area.

You can independently get a hold of previous owners or knock on doors of those who live on the other side of the most immediate neighbors—they should be able to tell you how peaceful the neighborhood is and if your neighbors are going to be a regret or a delight.

Why is the owner selling? The agent may not know, and the sellers may not tell them this information either, but if it does not appear that they are moving to another state, having a baby and need room, or other normal reasons and they have only lived in this home a short while, this could mean there may be something wrong with the home, the neighborhood, or the neighbors.

Do what you can to follow up on getting as good of an answer as you can—because you do not want to become the next one to have to move because of things you did not know before buying.

Asking your agent these questions can be the difference between buying money pit or buying your dream home; buying an overpriced home or buying at a great deal. No matter how a home looks from the outside or in, it is always worth the time to ask your real estate agent these questions during the scouting phase as well as the negotiating phase.

Your real estate agent, if they are professional and care about your needs and preferences, will do everything they can to get you the best deal they can. They can’t get paid until they do, after all.

Remember these questions and you uncover the negative or costly consequences of a home before buying it. Buying a home is a long-term investment for most—making sure you will be happy with that investment is crucial. That means thinking outside of the box and asking questions you may not have thought relevant.

5 Tips For Impressing Your Real Estate Agent And Potential Buyers

If you are getting ready to put your house on the market, then you will want to make sure that things are going well there. You will want your place to look at its best, so that it will be more likely to get sold for more.

Do all that you can to spruce things up inside, and someone will be sure to fall in love with your place. Read all of the tips below, and you should be able to get your home looking great for all of the potential buyers who will come and take a look at it.

Five Tips For Impressing Your Real Estate Agent And Potential Buyers

1. Clean up your place. Do some extensive cleaning, so that when the real estate agent shows up to take the pictures, everything will look neat and tidy. People like houses that look like that. They appreciate clean places. You will want to clean everything up well, and you will want to vacuum and maybe even carpet clean your carpets. You will want to sweep and wash down your walls. Do everything that you can to make your home appear neat and tidy, and the real estate agent will be impressed.

2. When your home is ready for a showing, you should pop some cookies into the oven. Light a candle. Do anything that you can to make the place appear fresh and homey. If they feel that it is inviting when they first step inside, then they will be much more likely to want to come back, and to want to live there.

3. Make sure that your dogs are well behaved with some service dog training. Make sure that they will not get in the way of those who are looking at your place. Make sure that they have had enough dog training boot camp, so that they are not bothering anyone and making them feel unwelcome when they come by.

4. Clean out the clutter. Not only will you want to clean away the dirt, but you should also move all of the unnecessary things out of your home. If there are end tables that you don’t use, too many toys in the living room, too many magazines on the coffee table, or anything else, you will want to move it all away. Clean up the place, and everyone will appreciate that.

5. Finally, act friendly. Be yourself. Talk with those who are looking at your place, and to the real estate agent when she comes over, and let yourself shine. Speak of the found memories that you had there. Convince someone that they want to move there because of all that it has meant to you.

There are many things that you can say and do when you are listing your home, but as long as you are to follow some of the advice above, your home should be sold in no time. You should get someone to feel comfortable there, and you should get them to want to move right in because of how great the place feels.

5 Tips for Preparing Your Home for Your Real Estate Agent

When you are looking to sell your home you want to make sure that that place is fully prepared for your real estate agent before such an individual shows up. Such an agent will give you advice as to how you should prepare your home for potential buyers, too, but you want to make sure that the place is ready for that agent, first.

You would like to have a home that is looking good when the agent arrives, and you need to know just what you should be doing in order to prepared that home. You will find some tips here that will help you prepare your real estate.

5 Tips for Preparing Your Home for Your Real Estate Agent

1. Put away all small appliances that you have sitting out in your kitchen. Blenders, toaster ovens, mixers, those items do not need to be sitting out at all times and they should be put away before you bring in a real estate agent. You want your home to be as free of clutter as it possibly can be, so take the time that is needed to put kitchen appliances away and keep the counters free.

Note: check out a great two-slice toaster here.

2. Clean the floors of your home. When someone steps into your home the first thing that they are going to notice is the floors of that home. You want to make sure that your carpet is at its best, so it is smart to vacuum it and possibly even take the time to have it professionally cleaned. Your hard floors should be swept and mopped to have them at their best.

3. Clear any cobwebs that may be around. You do not want there to be any signs of pests in your home at all, so you want to make sure that all your corners have been cleaned and dusted and that there is not a sign of a single cobweb in your whole home.

4. Make sure that all of the beds in your home are made and done up in the simplest of ways. You don’t want to have a messy bed in your home, as you want the whole place to be clean and inviting. You also don’t want to have a complicated bed that is spread with multiple blankets and pillows. Clear off your beds so that they appear put together, simple, and tidy.

5. Freshen the air in the home. If the weather outside allows it, take some time to open your windows and air out your place. You want your home to smell good and feel clean. You want your home to be at its best when the real estate agent arrives, and one of the ways that you can ensure that it will be is by opening the windows and letting fresh air blow in.

When you are seeking to let go of your home and move on to something new make sure that you know how to prepare for the real estate agent who will be coming to help you out.

5 Tips for Preparing Your Home for Your Real Estate Agent

When you are looking to sell your home you want to make sure that that place is fully prepared for your real estate agent before such an individual shows up. Such an agent will give you advice as to how you should prepare your home for potential buyers, too, but you want to make sure that the place is ready for that agent, first.

You would like to have a home that is looking good when the agent arrives, and you need to know just what you should be doing in order to prepared that home. You will find some tips here that will help you prepare your real estate.

5 Tips for Preparing Your Home for Your Real Estate Agent

1. Put away all small appliances that you have sitting out in your kitchen. Blenders, a good toaster oven, mixers, those items do not need to be sitting out at all times and they should be put away before you bring in a real estate agent. (Though if I’m being honest, I always tend to leave out my Cuisinart 4 slice toaster, it’s such a nice machine).

You want your home to be as free of clutter as it possibly can be, so take the time that is needed to put kitchen appliances away and keep the counters free.

2. Clean the floors of your home. When someone steps into your home the first thing that they are going to notice is the floors of that home. You want to make sure that your carpet is at its best, so it is smart to vacuum it and possibly even take the time to have it professionally cleaned. Your hard floors should be swept and mopped to have them at their best.

3. Clear any cobwebs that may be around. You do not want there to be any signs of pests in your home at all, so you want to make sure that all your corners have been cleaned and dusted and that there is not a sign of a single cobweb in your whole home.

4. Make sure that all of the beds in your home are made and done up in the simplest of ways. You don’t want to have a messy bed in your home, as you want the whole place to be clean and inviting. You also don’t want to have a complicated bed that is spread with multiple blankets and pillows. Clear off your beds so that they appear put together, simple, and tidy.

5. Freshen the air in the home. If the weather outside allows it, take some time to open your windows and air out your place. You want your home to smell good and feel clean. You want your home to be at its best when the real estate agent arrives, and one of the ways that you can ensure that it will be is by opening the windows and letting fresh air blow in.

When you are seeking to let go of your home and move on to something new make sure that you know how to prepare for the real estate agent who will be coming to help you out.

Tips For Enhancing The Real Estate Process

Real estate typically entails the business of selling, renting and buying building or housing. In most cases, it consists of land and the all the buildings on it, along with all its natural resources such as water, crops and minerals.

While the stock exchange might seem like a lucrative investment for you (and there are some good advisors, like Magnetic Trading), the real-estate market also has excellent returns- especially if you adhere to some fundamental concepts.

Tips for enhancing the real estate process

A smart real-estate buyer takes notes

In the extensive house hunting process of multiple properties, property buyers can benefit by keeping a coherent journal of each property they visit. Otherwise, the numerous features of the several homes can become a daunting task to pick the one that suits your needs the most. Creating a simple measuring scale of 1-20 can be useful- and so does carry a journal of the particular features of your ideal home.

Use seasonal buying trends to your advantage

While most people might suggest that spring is the best time, home selling is a year-round activity. For this reason, a smart real estate trader will manipulate seasonal trends to make buyers stay longer. For the summer, you could start by highlighting condos and other outdoor areas.

Furthermore, you want to eliminate dark linen in the property for items with light and attractive colours. Add a seasonal fruit gift basket or perhaps add beautiful flowers. Furthermore, look for real-estate properties that are lingering on the market for too long or perhaps if a commercial property remains continuously vacant.

Conduct a comprehensive search

It is important to note that buyers are constantly advised to scope the property location at different hours to confirm if the prospective new neighborhood is flourishing or fading. Watch out for real signs such as schools that are of superior quality and are in high demand.

Also, look out for Young and `new` families are moving in. Commercial institutions are redeveloped quickly and for sale properties are generating massive amounts of interest. On the other hand. Some of the bad signs you to look out for include, an important local industry is struggling or relocating away, adjacent homes are progressively converting into rental properties.

There is lots of info everywhere for you

Although having information on a locality and having the relevant social network are always valuable, having contemporary technology allows agents to become more efficient in their search for property. In some agencies offer home comparison by contrasting and ranking real-estate properties based on road traffic bottlenecks, air quality, resource availability along with data on home`s energy efficiency.

A recent study, by the National Realtors Association, large financial institutions such as banks use data mining techniques to ballpark the value of stock exchange rates (read Magnetic Trading for more), but also the value of foreclosures and short sales. What is more exciting is the fact that we nowadays have software and mobile applications meant to simplify the whole procedure.

Overall, when taken together, the real estate market is an excellent investment if you have sufficient insight into the entire system. More importantly, unlike other trading markets such as the stock exchange market that keep on fluctuating every moment, the real-estate market if chosen appropriately has lucrative returns for an investor.

Owner Financing as an Alternative to Renting Your Home

There are alternative avenues to selling your home the traditional way or renting it out like it is commonly done around the country. Owner financing is often an option that most people do not consider but should. Owner financing offers huge, long-term benefits and investment stability as well as future options should you want to get rid of the home.

Benefits of Owner Financing. Owner financing is a common but not always well-known way of selling one’s property. Around 10%-15% of properties that are sold are done so via seller (e.g. owner) financing. First, here is an introduction to Owner financing, so you can see the benefits of being a mortgage note holder.

What is Owner Financing? Owner financing is when an owner/seller puts their property up for sale with themselves acting as the financier of the property, rather than a banking institution. Instead of a bank mortgage, a buyer would pay the seller a mortgage. This has numerous advantages to owners seeking to sell their property and buyers looking for less restrictive options.

Advantages of Owner. Financing for the Property Seller and Property Buyer:• Shorter Time on the MarketStarting at the selling stage, one advantage of owner financing over bank financing is shorter marketing times. Properties marketed as “Owner Will Finance” will draw a greater response and sell approximately 20% quicker than properties requiring conventional bank financing.

Fewer Costs. There are no loan costs to worry about, so a buyer can put the money they save up on mortgage insurance premiums, a down payment, building equity, on origination fees, or underwriting fees, to name a few. Closing costs are also lower or non-existent, as well as quicker, as opposed to conventional selling.

Reduced Restrictions. In addition to fewer costs, there are also reduced restrictions. The restrictive lending requirements of banks and mortgage companies do not apply to owner financed properties.

Installment Sale Tax Deferral. Another advantage is installment sale tax deferral. When a property is sold at a gain and is subject to taxes, there is an opportunity for the owner/seller to delay a portion of payment due when they report under Installment Sale Method (via IRS Form 6252).

Secure Asset. A major advantage to owner financing is having a secure asset. The balance of the purchase price is collateralized by the property itself, rather than a banking institution. If a buyer stops making payments, the seller/owner financier can take back ownership of the home.

Liquid Asset. An advantage that protects an owner/seller’s future interests is the property acting as a liquid asset due to owner financing. This means somebody can purchase the note, the mortgage, trust deed, or contract on the open market, from you.

In essence, this means that the seller that is financing the buyer can decide to sell their future payments (similar to the idea of selling stocks), to a note investor or note buyer. This is an incredible advantage as the seller does not have to commit to the property for life.

Passive Income. By acting as the financer, the seller receives steady income in the form of interest. Buyers find themselves paying the seller 3 to 4 times the amount in mortgage payments due to interest, versus the amount they would pay if they had a banking mortgage. This allows the seller to receive passive income without doing any extra work.

Instead of selling your home and getting the banks and real estate agents involved, and rather than renting your home to tenants, you can become the real estate agent and a bank lender yourself, and make a long-term investment that offers you current incentives such as passive income, stability in the form of a liquid asset, and future choices such as selling your mortgage note at any time and receiving a lump sum of money at any time.

It is also rather risk-free, because if the owners stop paying their mortgage to you, you can reclaim ownership of the home and sell it on the market or sell your mortgage note, whichever pays off better.

Consider your alternatives other than traditional rental properties or home-selling. This can be an incredible investment that is both unique and lucrative.