A successful home selling experience likely concludes with a profitable transaction. However, plenty of work lies ahead before a home seller can achieve the best-possible results.

Ultimately, there are several things that a home seller can do to ensure that he or she receives top dollar for a residence, and these are:

1. Conduct a Home Inspection and Appraisal

If you want to maximize your profits, you should complete a home inspection and appraisal prior to listing your house. That way, you can identify any underlying structural problems with your home and receive an accurate property valuation based on your residence’s age and condition.

During a home inspection, a property expert will examine your residence both inside and out. Then, you can use an inspection report to prioritize assorted home improvements.

Meanwhile, a home appraisal enables you to receive a valuation of your residence. With this valuation in hand, you can establish a competitive initial asking price for your home.

2. Perform Home Improvements

Your home’s condition may have deteriorated over the years. Fortunately, there is no time like the present to perform myriad house improvements.

If necessary, it may be beneficial to hire a professional landscaping company to mow the lawn, trim the hedges and improve your house’s exterior. A professional landscaping company will make it easy for you to boost your house’s curb appeal.

To enhance your residence’s interior, it generally helps to declutter as much as possible. If you host a yard sale or sell excess items online, you may even be able to simultaneously remove clutter from your house and earn extra money.

3. Collaborate with a Real Estate Agent

If you’re uncertain about how to earn top dollar for your house, there is no need to worry. In fact, you can hire a real estate agent who can help you optimize the value of your residence.

A real estate agent understands all aspects of the housing market. Therefore, he or she will develop a custom home selling strategy, one that ensures you can maximize your earnings.

Typically, a real estate agent first will meet with you to learn about your home. This housing market professional then will offer recommendations to help you get your residence show-ready. And once you list your house, a real estate agent will host home showings and open house events to showcase your residence to prospective buyers.

Let’s not forget about the guidance that a real estate agent will provide throughout the home selling journey, either. A real estate agent will offer recommendations about whether to accept, reject or counter a homebuying proposal. Perhaps best of all, this housing market professional is happy to respond to any of your real estate questions at any point during the home selling journey.

When it comes to selling a house, it helps to plan ahead. Take advantage of the aforementioned home selling tips, and you can boost the likelihood of earning top dollar for your residence.

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Date: 01/19/2020 Time: 12:00 PM to 2:00 PM  
For Directions: feel free to contact me.  
For more information: click here for the full details  

Home ready for immediate delivery! Gorgeous plan built by Brendon Homes features spacious bright gourmet kitchen open to fireplaced family room across the entire back of the house. Generous dining room with Butler’s pantry and convenient first floor office. Transitional mudroom with old school walk-in pantry. Second floor features master suite with master bath and walk-in closet, three large bedrooms, and laundry room. Finished lower level offers approximately 1,000 sq ft flex space. Walk up attic with full floor. All this plus 3-car attached garage. Add your finishing touches and you will have your perfect dream home!

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No homeowner wants to borrow more money. However, if you’re experiencing hard financial times or looking for a way to fund a home improvement project, there are ways to borrow money with your home as collateral.

In this article, we’re going to talk about home equity loans and home equity lines of credit (HELOC). We’ll explain how they differ and break down their benefits and risks.

Before the bubble

Before the financial crisis of 2007-2008, many homeowners were borrowing readily based on the equity of their home. Interest rates were low on home equity loans, encouraging homeowners to leverage their portion of homeownership.

During the recession, however, all of that changed. People owed more money on their mortgages than their homes were worth, and banks became reluctant to lend.

In recent, years, however, house prices have been creeping back up, and banks and homeowners alike have gained confidence in the equity of their home.

As a result, a growing number of homeowners are turning back to home equity loans and lines of credit as a source of low-interest financing.

So, what exactly are these loans and credit lines?

The difference between a home equity loan and a line of credit

A home equity loan is a lump sum of money that you borrow which is secured by the value of your home. Typically, home equity loans are borrowed at a fixed rate. Lenders take into consideration the amount of equity you have in your home, your credit history, and your verifiable income.

A home equity line of credit (HELOC) is a bit different. Like a credit card, you are able to borrow money as you need it via a credit card or checks. HELOCs often have variable interest rates, which means even if you’re approved for an initial low rate it could be increased. As a result, HELOCs are better suited for borrowers who can withstand a higher leverage of risk and variation each month.

Is now a good time to borrow?

If you’re a homeowner, there’s an understandable temptation to use the equity you’ve built over the years to your advantage. In some cases, home equity loans and HELOCs can earn you better interest rates than other forms of borrowing.

However, as with other loan types, it’s important for homeowners to realize that HELOCs and home equity loans are not the same as having cash in your savings account.

Another danger that borrowers face is the potential for foreclosure if things go badly. While most lenders won’t seek foreclosure after a few missed payments, your home has been put up as collateral for repaying the loan. Most lenders will choose to sell a defaulted loan to a collections company rather than seek foreclosure.

Ultimately, the best course of action is to avoid borrowing unless it will help you out financially in the long term. However, for those with high home equity who may, for one reason or another, need to borrow, a home equity loan or line of credit might be the best choice.


Date: 01/12/2020 Time: 12:00 PM to 2:00 PM  
For Directions: feel free to contact me.  
For more information: click here for the full details  

Home ready for immediate delivery! Gorgeous plan built by Brendon Homes features spacious bright gourmet kitchen open to fireplaced family room across the entire back of the house. Generous dining room with Butler’s pantry and convenient first floor office. Transitional mudroom with old school walk-in pantry. Second floor features master suite with master bath and walk-in closet, three large bedrooms, and laundry room. Finished lower level offers approximately 1,000 sq ft flex space. Walk up attic with full floor. All this plus 3-car attached garage. Add your finishing touches and you will have your perfect dream home!

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