A short sale is something that occurs when a homeowner is not able to make the mortgage payments on time due to a financial hardship. Instead of foreclosing on the property after one or more missed payments, the bank may agree to allow the homeowner to turn the home over to the bank, which will sell it to as close to market value as possible. Here's what you need to know about how short sales work and what circumstances might call for one. Step 1: The Homeowner Provides Information To The Bank The first step in the short sale process is for the homeowner to submit an information package to the … [Read more...]
How To Attract High-End Buyers For Your Home For Sale
There's at least one good thing about the drop in the dollar and it's boosting the real estate market. Many high-end Europeans are now looking toward the U.S. for a vacation home or permanent residence, and that could mean big hope for your home for sale. However, this also means a different way of selling. Stage A Benefit No open house for high-end buyers. Host an event instead - maybe even a benefit dinner for a worthy charity. Let people come and view the property, but give them an avenue to mix and mingle as well. In addition, they get to see how the house handles a bunch of guests. … [Read more...]
Discover Why Your Home Isn’t Selling This Summer
Just when you think you've done everything you need to do to get your home ready for the market, months pass and your home doesn't sell. Consider a few factors that can effect your goal of selling your home. Priced Too High - If your home has an excessive asking price, it will be harder to sell. With so many homes available today, a big price tag may turn buyers off. And, your competition down the street may have the same home but a better price. The Market - No longer can you simply put a home on the market and watch the offers roll in. Nowadays, you have to be diligent and knowledgeable in … [Read more...]
Three Easy Ways to Make Your Home More Inviting
Many home owners putting up their home for sale on the market don't have a lot of available cash to spruce it up. While staging houses is a definite plus, it can cost a fair amount of money, as do many of the other suggested "to-dos." Here are a few inexpensive and easy ways to make your home look more inviting to buyers. Put Up Your Personal Stuff Not every buyer looking at a home for sale appreciates the fact that someone still lives there. Putting away the your personal things can help the buyers' see themselves in the home. You will want to put your pet's things (toys, litter box, bowls) … [Read more...]
How To Get The Full Asking Price When Selling Your Home
Selling your home is a complex process and there are a lot of factors that you will need to consider. Your goal will be to sell your home in a timely manner, while getting the highest price you can. However, many properties sell at a discount because the buyer is able to negotiate a lower price on the property. Although it is impossible to guarantee that you will receive your full asking price when you sell your home, there are things that you can do to increase the likelihood of this happening. You will need to have a strategy that attracts highly motivated buyers and improves competition. … [Read more...]