Jena Khabazeh's Blog
Selling a house may prove to be a long, complex and stressful process. Fortunately, there are lots of things you can do to increase your chances of enjoying a seamless house selling experience, such as:
1. Craft an Engaging Home Listing
A home listing allows you to make a positive first impression on prospective buyers. Thus, you should spend some time crafting a house listing that will hit the mark with buyers.
There is no need to stretch the truth in your home listing. Instead, provide clear, concise and relevant details about your home. This ensures a buyer can make an informed decision about whether to pursue your residence.
Also, it often helps to include high-resolution photographs of your home in your listing. These images can help a buyer envision what life may be like if he or she purchases your house.
2. Upgrade Your Home's Interior and Exterior
If your home is filled with assorted knick-knacks, antiques, and photographs, you should remove these items for the time being. By doing so, you can minimize the risk that clutter will negatively affect a buyer's perception of your house when he or she sees it in person.
Don't forget to enhance your home's curb appeal, too. If you mow the lawn, trim the hedges and perform other lawn care tasks, you will help buyers fall in love with your house. Also, be sure to repair any damaged windows or siding to further boost your house's curb appeal.
3. Establish a Competitive Initial Asking Price for Your Home
The housing market is competitive, and failing to price your home aggressively from the get-go may make it tough to enjoy a seamless property selling experience. If you learn about your home and the local housing sector, you can establish a competitive initial asking price for your listing.
Oftentimes, it helps to conduct a home appraisal. This allows you to receive a home valuation from a property expert.
You also may want to assess the local housing sector. Review the prices of available homes in your area that are similar to your residence. Then, you can use this housing market data to help you determine the optimal initial asking price for your home.
For sellers who want to streamline the home selling journey, you will want to employ a real estate agent. If you have a real estate agent at your side, you can receive comprehensive assistance at each stage of the process.
A real estate agent is committed to your success, and he or she will work with you to help you achieve the best possible results. This housing market professional will learn about your home selling goals and help you plan accordingly. In addition, a real estate agent is happy to respond to your home selling concerns and questions at any time.
Want to enjoy a seamless home selling journey? Use these tips, and you could reap the benefits of a fast, profitable house selling experience.
With school loans at an all-time high, and growing for each passing generation, many homeowners are ready to shoulder off any and all debt as quickly as possible. If you’re in this camp and looking to aggressively pay down debt there are a few options available when it comes to paying your mortgage off.
Also known as seller contributions, are where the seller agrees to pay a portion of the closing fees for the buyer. This can include title insurance, inspection fees, and processing fees. If the seller is looking to sell the house quickly they may consider agreeing to seller concessions.
Government options for loans.
Energy-efficient Mortgage (EEM) was created to help homeowners renovate to add environmentally friendly features to their home. So if you’re looking to install double-pane windows or update insulation this could be the loan for you.
Federal Housing Administration (FHA) loans offer lower closing costs, smaller down payments, and a fair interest rate.
U.S. Department of Agriculture (USDA) loans can be applied to homes in rural areas, regardless of if they are a part of a farm. You may qualify to apply for zero down payment and loan payments will be at a fixed rate.
There are also many local programs offered at the state and city level. A quick Google search for loan options for your area should set you in the right direction!
Plan to Refinance
Down the road, you can refinance for a fifteen year home loan instead of thirty. You’ll pay off your loan in roughly half the time and save money on payments towards interest.
Throw It Everything You’ve Got
You’ll want to check with your lending company first as some have penalties for payments outside of the loan terms. However, if possible, making an extra payment either regularly or time to time will help cut down the overall time it takes to pay off your loan.
For example, you can make one extra mortgage payment each year or tighten up your day to day budget and apply what your savings towards your loan. Many homeowners get creative and take on side gigs to create the extra cash necessary to make additional payments.
If you don’t have that room to flex you can also always apply any bonuses, tax refunds or windfalls that come your way. This also makes a bigger impact when paired with regularly scheduled extra payments.
Aggressive debt payoff strategies aren’t for everyone. And that’s okay! However, if you’re looking to live a debt free life and enjoy your home knowing it’s been paid in total these tactics are for you. With some strategy and creativity, you can find plenty of ways to make the process go quickly and smoothly.
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Looking to add your condo to the real estate market? Ultimately, you'll want to set a "fair" price for your property. By doing so, you can stir up plenty of interest in your condo and boost your chances of a fast property sale.
List your condo at a price that meets the needs of both property buyer and seller – here are three tips to ensure you can price your condo properly.
1. Study the Housing Market
How does your condo rate against similar properties? Examine the housing market closely, and you can understand what differentiates your property from others that are currently available.
Check out the prices of comparable condos that have been added to the real estate market recently. That way, you can learn how other condo sellers are pricing their properties and map out your condo pricing strategy accordingly.
Also, evaluate the prices of condos that have sold over the past few months. This will allow you to identify real estate market patterns and trends and may help you establish a competitive price.
2. Hire a Property Appraiser
A property appraiser understands what it takes to assess a condo both inside and out. Therefore, if you conduct a condo appraisal, you can learn about your property's strengths and weaknesses.
During a condo evaluation, a property appraiser will identify problem areas across your residence. Then, he or she will provide a report that you can review to understand how you can enhance your property's value.
Take the results of a property appraisal seriously. If a property appraiser finds minimal problems with your condo, you may be good to go to establish a fair price for your residence.
On the other hand, if a property appraiser discovers a wide range of condo issues, allocate the necessary time and resources to mitigate these problems. In this scenario, you may need to lower your expectations for your condo's asking price based on the current state of your property. Or, you can perform assorted property improvements to bolster your condo's value.
3. Collaborate with a Real Estate Agent
Want expert insights into how to price your condo competitively? Work with a real estate agent, and you can receive comprehensive support as you prepare to add your residence to the housing market.
A real estate agent can make a world of difference for a condo seller, and for good reason. This housing market professional will teach you about the current real estate market and help you determine the right price for your condo.
Let's not forget about the assistance that a real estate agent will provide throughout the condo selling process, either.
With a real estate agent at your side, you can receive help with condo showings, negotiations with condo buyers and much more. And if you ever have condo selling questions, a real estate agent will be able to provide instant responses.
Set the right price for your condo – use these condo selling tips, and you can move one step closer to maximizing the value of your property.
A home showing is a key part of the property buying journey. As such, it helps to plan ahead for a house showing as much as possible. Because if you enter a home showing with a plan in place, you can use this event to help you determine whether a residence is right for you.
Now, let's take a look at three tips to help you get ready for a home showing.
1. Make a List of Questions
A home showing is a valuable learning experience, particularly for a buyer who crafts a list of questions ahead of time. And if a buyer has a list of home showing questions in hand, he or she can gain the necessary insights to make an informed decision about a residence.
Before you make a list of home showing questions, you may want to review a house listing. Then, consider any information that you want to know about a house that is not included in the listing and craft your home showing questions accordingly.
Also, it is important to remember that there is no such thing as a "bad" question to ask during a house showing. If you ask lots of questions during a showing, you can learn about a residence and decide whether to submit an offer to purchase this home.
2. Establish Realistic Expectations
There is no telling how a home showing may turn out. Thus, it is important to plan for the best- and worst-case scenarios.
In the best-case scenario, a buyer will discover his or her ideal residence during a showing. On the other hand, in the worst-case scenario, a buyer will find that a home fails to meet his or her expectations.
Oftentimes, a buyer will need to attend several home showings before he or she discovers the right residence. And if you fail to find your dream residence during your first home showing, there is no harm in continuing your house search and attending other showings in the future.
3. Work with a Real Estate Agent
A real estate agent is a homebuying expert, and he or she is happy to help you prepare for a house showing. First, a real estate agent will offer lots of insights into a home and respond to any of your concerns and questions. He or she next will attend a showing with you. After a showing is complete, a real estate agent will meet with you and help you determine the best course of action.
In addition, when you discover your dream home, a real estate agent will do everything possible to ensure you can acquire this residence without delay. A real estate agent will help you submit a competitive offer to purchase your dream home. Plus, he or she will negotiate with a seller's agent on your behalf to help you get the best price on this residence.
Ready to attend a home showing? Use the aforementioned tips, and you can plan for a showing and boost the likelihood of a successful home search.