We all hope our homes will hold their value over time, but in the short-term, home values often fluctuate up or down depending on a myriad of factors. Much of the value of a home correlates with the neighborhood and surrounding area in which it is located. Find out 5 ways that the area in which you buy has an affect on your home’s value.
Tag: buying home
Selling a home these days is no easy business. Many sellers are learning home staging techniques or enlisting the help of professionals to position their homes in the best light. As a home seller, staging can be a very smart investment, often rewarding you in a faster sale or even a higher selling price.
As a home buyer, however, beware of falling prey to “model home syndrome,” which may distract you from the truly important characteristics – or warning signs – of a home. We explain.
Hoping to take advantage of the distressed real estate market and get a great deal on a new home? In many parts of the country, there are more homes for sale than there are potential buyers, putting you squarely in the driver’s seat when looking to purchase a house. There is no precise definition of a “lowball” offer, but it is generally understood to mean a price that is substantially below the asking price or even market value.
To help you find your dream home at a discount, consider the following tips for making a lowball offer.
Finding and viewing houses during the home buying process can be dizzying, especially for first-time home buyers. Before you start looking at homes, it’s important to set your housing priorities. We give you a few items that should make your list so finding the right home is a breeze.
There is no doubt that the prices of houses are making it a highly attractive time for people to buy a home. This is not the case for everyone, however. Just because the prices of homes are right does not mean that it’s the right time to buy. Renting may be the better option, depending on your own personal financial situation and a few other factors.
If you’re thinking about selling your home, you’re undoubtedly thinking about the sale price of your home, too. If you don’t know already, you’re probably wondering what your home is worth. Maybe you’ve talked to a Realtor, he’s done a market analysis and come back to you with a suggested sale price. Are you happy with that price? If you’d like to add a few more dollars, here are some things you can do to increase the re-sale value of your home.
Get the inside scoop from a mortgage industry veteran about buying a home and what you should do – and what you shouldn’t – to ensure a smooth and quick mortgage experience.