There are currently 17 blog entries related to this category.
We all want to sell our homes at above asking price, but what is it that makes a seller succeed at this? Here's our expert advice on how you can sell your home above the asking price.
Ask For Less
You may be surprised, but pricing your home lower than market value can have an extremely positive effect on the offers you receive. This is because a low-priced listing will stand out and will draw more attention, which boosts your chance of a bidding war.
By attracting more buyers to come and look at your home, you will find more buyers who are willing to make an offer on your property. When they view your home they will see its true market value, and are then more likely to make a higher offer in hopes of outbidding others. It's all about creating…
Buyers don't despair...even though interest rates are rising and inventory is super low. You can still find the home of your dreams. But first you must be prepared.
1.Talk to a lender . Before you start your home search, talk to a lender to find out what you can qualify for. It doesn't make sense, if you don't know what price range to look in. Lenders look at a number of things to determine how much they will lend. And when you find the perfect home, you'll need a pre qualification letter to accompany your offer. With homes having multiple offers, you want to be ready.
2. Find yourself a good Realtor. Your Realtor can not only help you find a home, but can also help determine the best price to offer and help you navigate through the process to get…
Seller’s Estimated Closing Costs (N.E. Florida):
Documentary Stamps on the Deed:
This is a State tax equal to .007 of the sales price. For example, if the sales price is $200,000, then the doc stamps on the deed is $1400.
Owner’s Title Insurance:
This is a policy of protection against a loss in a claim against your ownership. The cost of this insurance is .005375 of the sales price on homes over $100,000.
Settlement Fee/Attorney Closing Fee:
This is the fee the title company or the attorney will charge to close the transaction and account for all funds. Estimate $250 to $500.
Satisfaction of Mortgage Recording Fee:
Paid to the county. Estimate $10 per page.
Buyer's Estimated Closing Costs (N.E. Florida)
To substantiate the value of the property, the bank will require an appraisal by a licensed appraiser. The fee for this service will vary according to the type of property and the appraiser’s fee structure. Estimate $250 to $500.
Typically, the bank requires a copy of the inspection report. The fee can range from $300 to $500 depending on the inspection company and the size of the house. This is usually paid at time of inspection.
Wood Destroying Organism (WDO) Inspection:
The bank will also require a copy of this inspection. The inspector is looking for any damage to the wood in the house caused by insects or water…
Happy 4th of July
I would to wish everyone a safe and Happy Independence Day.
If you are traveling, please drive responsible.
Buying a new home is very exciting, but can be overwhelming even to those who have bought a home previously. Below is a brief overview of what buyers can expect and hopefully help them understand the process.
1. Lender pre-approval . Before starting the search for your new home, it’s smart to contact a lender to find out what you actually pre-qualify for. This way you can look at homes that you are qualified to purchase. You may already have an idea of the price range you would like to be in but your lender can provide a solid idea of what you can afford and what they will lend. Keep in mind that when you make an offer, you will need a pre-qualification/pre-approval letter to submit with your offer.
2. Realtor. Your Realtor will help…
So you’ve been searching for that perfect house to call a ‘home’ and you finally found one! The price is right, and in such a competitive market you want to make sure you make a good offer so that you can guarantee your dream of making this house yours comes true!
Freddie Mac covered “4 Tips for Making an Offer” in their latest Executive Perspective. Here are the 4 Tips they covered along with some additional information for your consideration:
1. Understand How Much You Can Afford
“While it's not nearly as fun as house hunting, fully understanding your finances is critical in making an offer.”
This ‘tip’ or ‘step’ really should take place before you start your home search process.
As we’ve mentioned before, getting pre-approved is…
- The National Association of REALTORS® surveyed their members for their Confidence Index
- The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions.
- Homes sold in less than 60 days in 38 out of 50 states and Washington D.C.
- Homes sold in less than 30 days in 17 states
Owning a home has great financial benefits. Because of this, more and more experts are growing concerned about the ramifications of a falling homeownership rate. Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.
The outcomes of a falling homeownership rate can be devastating. As explained by ApartmentList.com:
“Our research indicates that not owning a home has a sizable financial cost, as renters miss out on low mortgage rates and are hit by higher rents.
This phenomenon may exacerbate inequality in our society, as those wealthy enough to invest in real estate benefit from lower interest rates, whereas minorities and younger Americans, hit by…