One of the most common clauses in a residential real estate contract is the home inspection contingency. If included, a home buyer has a specific amount of time (typically 7-10 days after the contract is ratified) to have a licensed professional conduct a home inspection and to either negotiate for repairs or to back out of the contract if they do not like the results of inspection. If a seller knows what to look for, they can resolve many minor items before the home inspection occurs. While some items identified during the inspection might seem like minor issues individually, collectively, they could add up to major headaches, involving both time and money. So, read on to learn how to sellers can best prepare for a home inspection.
One part art, one part science, determining the correct selling price of your home is no easy task. Yet, it is one of the most important factors to get right if you want a timely sale at an optimal price. Determining the best offer price should be dictated by the market. Some sellers may choose to ignore the market and start with a higher sales price, but to do so is risky, and a decision most people end up regretting. What are 6 risks that sellers may face if they overprice their home? Read on to find out.
Our Market Ready Guide provides strategic advice and useful tips to get top dollar for your house when the time comes to sell.
It’s the million-dollar question that every seller ponders. As a seller, should you undertake renovations in hopes of increasing your home's sales price? Because every property is different, some homeowners will need to spend money on their property to make a sale and others won’t. This depends not only on your property’s current condition, but the condition of your local real estate market as well. So, what is the deciding factor?
The pictures have been taken, the house has been cleaned, the “for sale” sign is in the yard, and the lockbox is on the door. You are all set to have your home listed on the market. But, what is the best day to maximize your home’s exposure to potential buyers and to get the best price?
Are you in the midst of decluttering your home and have items that you no longer use or need, but may be of value to someone else? With the warmer weather upon us, now is a great time to hold a yard sale. Your cast-off may be someone else’s treasure. To help you get started, read on to discover the most in-demand items at garage and yard sales.
The Potomac Community Village (PCV) has invited Eric Stewart to help answer one of life's key questions. Stewart, a Senior Real Estate Specialist (SRES®) and top Associate Broker with Long & Foster, will share his strategies for keeping one's home easy to manage, and a place of comfort, familiarity, and safety.
For a home to remain in good shape throughout the winter, it needs regular care and attention. Vacant houses are particularly prone to damage during extended periods of freezing temperatures. By winterizing a vacant house, you are protecting your investment so it can be sold, rented or otherwise inhabited at a moment’s notice without worry of unforeseen issues.
According to CoreLogic, a real estate analytics firm, 14 of the top 100 real estate markets in the U.S. are overvalued, which is more than double the number that were at the end of first quarter 2015. An overvalued housing market has home prices that are 10% or more above the long-term sustainable level.
While the real estate market turns its wheels 12 months a year, selling a home in the fall months can be more of a challenge. There are fewer active buyers this time of year, and less demand can drive prices down from higher levels in the spring months. However, on the upside, there are fewer sellers, and thus less competition. To take full advantage of the fall market, you should avoid making the following eight home selling mistakes, which were originally featured in an article from LearnVest.com.
The article, How Downsizing Can Save Your Retirement, in the September issue of Money magazine, covers the top four reasons why retirees downsize and four questions to address to avoid financial mishap when moving from one residence to another.