Selling and buying a home simultaneously can be a complicated move. When selling and purchasing you need to consider the value of the home you are selling to the home you are purchasing. If the timelines can't match up, then you need to think about rent-back agreements. "A typical homebuyer does not know the ins and outs of both the complex mortgage and real estate industries — that’s why the...
Homeowners will eventually remodel something in their home at some point. Not all the projects that you take on in your home will add value. According to data from the Contractor Growth Network, the most popular renovation is the bathroom. The kitchen and the basement renovations follow this. This does not mean that these popular renovations will bring a big return when you sell your home. In fact, a...
According to the Federal Reserve, as a result of spike after spike in the rates, they are starting to stabilize. Real estate investors like this because they are able to predict investment returns in a stabilized market. This can also be a downfall when it comes to homebuyers due to the high mortgage rates. It is harder to sell and buy a home in this market. Homeowners are not wanting to sell in this...
How Sellers Can Maximize Their Home Sale Offers The housing market has been a sellers' market with bidding wars for several years now, but that trend is starting to cool off. Sellers want to get the most for their money when it comes to selling their home. Here are some tips from professionals in the industry who know how to spotlight your home. 1. The Pricing Game: Setting the Stage for...
The New Orleans Metropolitan Association of REALTORS (NOMAR) agrees that the housing market is still going strong but is fizzing down a little. The high-interest rates and the rise in insurance costs have set buyers back on the home-buying process. "People are buying houses every day. While interest and insurance rates impede our process a little bit, people are still purchasing, albeit at an altered...
Selling your own home can be both emotionally and financially trying. An FSBO, short for for sale by owner, comes with many challenges and if you are not familiar with the residential market this is especially true. If you are opting out of using a real estate agent, then you should have an understanding of the process. The National Association of Realtors (NAR)'s Profile of Home Buyers and Sellers,...
Your bedroom is your oasis that you retreat to after a long day. It should be a nice space that is neat and orderly. A bedroom is an important room when it comes to a potential buyer. Apartment Therapy explains that a properly staged room highlights the most attractive aspects of a space, while a poorly staged room can do the opposite. Here are some tips from experts in the home staging...
Purchasing a home and becoming a homeowner can be both exciting and stressful at the same time. Glenn Brunker, who is the president of Ally Home gives some great expert advice on setting yourself up to become a successful homeowner. Set a budget This should be one of the very first steps you take. You need to determine a price range before you start your search and in order to do this, you will need...
A lot of buyers believe that they are "safe" when it comes to purchasing a new home from a builder. Because the home is brand new, buyers think that they probably don't need a home inspection and that anything that might be wrong will be covered by the warranty. However, in order to be a savvy buyer, there are specific details that new home buyers can look for to determine if the home builder is quality,...
If you own a home, are buying a home, or getting home ready to sell, be sure to be on the lookout for anything that could affect the durability or resale value of your home. One of the things to watch out for is structural integrity. The structure is the foundation of your home and "holds up" your home's weight for both interior and exterior features. Below are red flags that could indicate a problem with...