Tom Lee ABR CRS GRI LTG SRES's Blog
If you encounter home selling challenges, there is no need to worry. In fact, if you know how to approach potential house selling hurdles, you may be better equipped than others to enjoy a seamless property selling experience.
Now, let's take a look at three tips to help you hone your approach to home selling challenges.
1. Remain Calm
A home selling challenge may seem like the end of the world. But it is important to remember that home sellers like yourself likely have faced similar problems in the past. And as such, there is probably a viable solution to address any home selling challenge, at any time.
When a home selling challenge presents itself, it often helps to take a deep breath. Then, you should try to remain calm, cool and collected and approach the challenge from an objective point of view. By doing so, you may be able to find a way to resolve this challenge in no time at all.
2. Be Persistent
Let's face it – no one said selling a house would be easy. But for those who are persistent, even the toughest home selling challenges can be overcome.
If you approach a home selling challenge with persistence, you'll be ready to explore every potential solution to address this issue. As a result, you may be able to quickly identify the right solutions to various home selling challenges and move one step closer to achieving your property selling goals.
3. Consult with a Real Estate Agent
For those who face a home selling challenge, it generally is a good idea to seek out expert guidance. Fortunately, real estate agents are available in cities and towns nationwide, and these housing market professionals are happy to help you address any home selling challenges head-on.
Typically, a real estate agent offers plenty of support throughout the property selling journey. He or she first will learn about your home selling goals and provide a personalized home selling strategy. Next, a real estate agent will promote your residence to the right groups of prospective buyers. And if you receive an offer to purchase your home, a real estate agent will help you analyze this proposal and decide whether to accept, reject or counter it.
A real estate agent is prepared to respond to any concerns or questions that you may have during the home selling process too. If you are unsure about how to price your home, for example, a real estate agent can offer housing market data to help you establish a competitive initial asking price. Or, if you face a time crunch to sell your residence, a real estate agent will do everything possible to help you sell your house as quickly as possible.
There is no reason to let home selling challenges get the best of you after you list your residence. Thanks to the aforementioned tips, however, you can boost your home selling confidence and determine the best course of action to resolve any house selling challenges.
Home appraisals are an important part of the buying and selling process. Lenders use appraisals to make sure that the home is worth what the borrower is paying. A home’s appraisal value is based on a number of factors, all of which we’ll discuss in this post.
Whether you’re a buyer, seller, or are just learning about the process of buying a home so you’ll be better equipped in the future, this article is for you.
How is a home appraisal different from an inspection?
While home appraisals and inspections are performed by licensed or certified professionals, they have to different functions. An inspection ensures the safety of a home, as well as whether or not it will need repairs in the immediate or near future.
Appraisals, on the other hand, aim to value a home based on its property value, the size of the property, and the location of the property. The condition of the home is a factor in valuing a home, which is why some people confused appraisals with inspections.
Who pays for appraisals?
Like most closing costs, a home appraisal is a burden that falls on the buyer. Typically, the lender you choose will work with will actually order the appraisal. The cost, which usually amounts to a few hundred dollars, can be added to your closing fees. You can find the cost for an appraisal listed on the Closing Disclosure document provided by your chosen lender.
Which factors determine the home’s value?
To appraise the house itself, appraisers will look at the condition of the home. They’ll also weigh the features of the home in their valuation--things like the number of bedrooms and bathrooms, for example.
However, the two key characteristics of a home that contribute to its value are its age and size.
Which external factors contribute to the home’s value?
As you might suspect, the location of your home matters greatly when it comes to appraisals. Homes are appraised based off of average prices for their neighborhood and region.
Other location factors include how accessible the home is, if it’s located on a waterfront, and whether it has desirable views.
When does a home get appraised?
While your experience may vary based on your specific circumstances, most appraisals occur after a buyer has signed a purchase contract. One this is done, the lender will take the steps necessary to order and process the appraisal.
How long is the home appraisal process?
Once the buyer has signed a purchase contract, the appraisal is usually completed and processed within 7 days. The appraisal report will be sent to the lender. This report contains the appraised value of the home. Buyers are entitled to a copy of this report, and should keep one for their own records.
- Tool sheds are not an absolute necessity for most people, but they can be extremely helpful in protecting your yard equipment and keeping your property looking neat. If you own a riding mower, for example, there may not be space in your garage to store it. For those who own a backyard swimming pool, a shed can be very useful for storing pool chemicals, maintenance equipment, and pool toys. While a tool shed can set you back a few hundred dollars or more, getting one on your property will make your yard look nicer and keep your tools, chemicals, and machinery in a safer, more secure place.
- Many people are aware that a basement dehumidifier can remove excess moisture and help prevent the growth of mold. This is especially important if you're storing anything of value in your basement, such as old books, important documents, clothing, framed art, or collectables. Since basement humidifiers vary in price from a couple hundred dollars to well over $1,000, some homeowners postpone buying them. However, when you factor in the potential cost of mold remediation and having to throw away belongings that get damaged by moisture and mold, the cost is much more justifiable. If you're fortunate enough to have a dry basement with a humidity level of less than 50%, then a dehumidifier may be an unnecessary purchase. If you want to be sure, though, you can buy a cheap humidity gauge for $10 or $20 -- either online or at a local hardware store.
- A ceiling fan may seem like a frivolous expense for a screened in porch, but you'll be mighty glad you have one on hot, humid days! You might think that large window screens would provide ample circulation for an outdoor porch, but unless there's a breeze -- either natural or man made -- then that hot air will often just sit there and linger, much like a guest who has overstayed their welcome! A ceiling fan can pull that uncomfortable air away from you and stir up some much-needed circulation. Ceiling fans, which typically cost between $100 and $200 (plus installation) -- create both the look and feel of a cool, breezy environment. They also help reduce air conditioning costs inside your home.
Statistics vary, but according to two credible sources, 44% of Americans own a dog. That means that if you don't own a dog, there's a strong chance one or both of your next door neighbors do!
Why are dogs such a permanent fixture in so many households? Unconditional love is probably the number one reason most people bring a dog into their lives, but enhanced health, home security, and companionship are others.
Health benefits: If you have a dog in your family, you probably already know the power of the "w" word. From a dog's perspective, there are few experiences that outrank the joy of going for a walk with their master! It not only provides a daily bonding experience for both dog and owner, but it's also an opportunity to introduce a moderate amount of exercise into your life -- assuming your doctor approves! While running, athletics, or weight training is not up everyone's alley (or even medically advisable), taking a leisurely stroll in the neighborhood can be a great way to stretch your legs, get some fresh air, and enjoy bonding moments with your four-legged companion! It's also a proven fact that petting or playing with a dog (or cat) can help lower your blood pressure and distract you from the cares and worries of everyday life.
Teaching moments: Not only do most kids love playing with pets, but they can also benefit from learning pet responsibility, kindness, and compassion.
Home security: While it's not an infallible method of burglarproofing your house, having a dog almost always serves as a deterrent. Most dogs are inherently protective of their territory (and loved ones) and will generally bark if they sense an intruder on the property or at the front door. Since one of the last things burglars want to do is call attention to themselves, a barking dog can definitely help keep the bad guys away!
Companionship: Dogs aren't the greatest conversationalists in the world, but they can be a very comforting presence when you're reading a book, watching TV, or relaxing at home. Many also love to join you for a ride in the car, a walk in the neighborhood, or a run in the park.
While dog ownership is not for everyone, more than 40% of us could not imagine life without our canine companion(s)! They do require a lot of attention, patience, and training, but the rewards are usually well worth the effort.
If you're considering getting a dog, you can gather a lot of helpful information about dog breeds, barking tendencies, temperament, shedding, how much exercise different breeds require, and other characteristics from the American Kennel Association. To help ensure a mutually satisfying relationship between you and your dog, it also pays to sign up for a dog obedience class and go online to learn about dog behavior, crate training, and health maintenance.