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Remax, quality service brings you an infographic discussing the important 10 tips for buying an investment property. Now, as you are aware before jumping into any new investment one has to check out all pros and cons of that investment so that it turns out…
In today’s technology savvy world, innovation is vital for any business in order to survive and grow. People want the latest technology and that’s why are eager to buy new things as things get out dated quickly, same is the case with real estate. …
A real estate agent is more than just a sales person. A real estate agent may act on your behalf, providing you with advice and guidance when buying or selling a home. Due to the constant changing of the market, the information available on listings is not always 100% accurate. There are times when you need the most current information about what has sold or is for sale, and the only way to get that is with a real estate agent. If you are in the market to buy, it would be advisable to use a Buyer's Agent. They can make recommendations on what terms and prices to offer as well as negotiating a deal with your best interest in mind.
Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. These are seperate and in addition to down payment money for buyers. Buyers closing cost can be partially or even fully paid by the seller through negotiation.
You must take into account the prevailing state of the real estate market and especially local market conditions. The real estate market continually changes, and market fluctuations affect property values. So it is critical to determine your listing price based on the most recent comparable sales in your neighborhood. It would be a good idea to get a Home Value Request, or CMA, also known as Comparable Market Analysis.
Along with economic factors such as supply and demand, the time of year you choose to sell can impact both the length of time it takes to sell your home and its ultimate selling price. Typically, the real estate market picks up around February, continues strong through late May and June, and tapers off during July and August. The summer is usually the busiest time for moving since school is out and buyers may be looking to get their children in school before the new school year. September through November generally marks a rally not as strong as late winter and spring, followed by a slowdown from Thanksgiving through and beyond the Christmas and New Year holiday period.
Because the buyer orders one or more home inspections doesn't obligate the seller to make repairs or modifications as a result of those inspections. Typically, however, inspection reports are used to negotiate repairs of major problems, or environmental or safety hazards that may be noted. The purchase contract should provide guidance for these negotiations.
These are referred to as recently sold properties that are similar in size, location, and amenities to the home for sale. These properties help an appraiser determine the fair market value of a property.
Well, several factors may come into play: You might help sell similar homes that are priced lower. Your home may be on the market longer. You could lose market interest and qualified buyers. You might create a negative impression of the property. You could lose money as a result of making extra mortgage payments while incurring taxes, insurance and unplanned maintenance costs. You may have to accept less money. A potential buyer may face appraisal and financing problems resulting from the inflated price. It is not recommended to sell your home any higher than the appraised value unless demand is high in your area. Ask you real estate agent which price would be right for your home. Also make sure you get a Home Value Request to assist in determining the best sales price for your home.
These are similar terms thrown loosely around by many loan officers. They essentially mean that a mortgage professional has reviewed your qualification ability from a credit, income, debt obligations, and assets available for the purpose of getting a home mortgage. This should be the first step in your home buying process.
We had purchased our first home in December, 2015. With it being our first home purchase, we were a little lost in the whole process! Mike was very patient with us and held our hands from start to finish. He was responsive to our needs and was very knowledgeable of the area. I would highly recommend Mike to any one looking to purchase a home!
Mike was very knowledgeable and very helpful. He made understanding all processes of buying a home so easy. You won't find anyone better to help you. I would highly recommend you use Mike for any and all real estate needs!
Mike was absolutely awesome. He was very prompt, knowledgeable and honest. He even recognized my needs and recommeded a local broker. I would recommend his services to anyone looking for a realtor.
We relocated from Maine to PA and worked with Mike to find a home. He was great to work with. He went above and beyond to assist us in finding the right home. He worked hard for us on a tight schedule. He followed through on everything he said he would. He was very professional and a pleasure to work with. Not knowing an agent in the area we were blessed to get connected with him.
Mike assisted us in both selling our previous home and building and buying our current home. He's an upfront, hardworking professional that is very knowledgable in the real estate market as well as very honest and responsive to questions and requests. He helped make our sale and purchase much easier for our family.
My husband and I worked with Mike Chance as first time homebuyers, 5 years ago. We didn't know much about buying a home, but Mike walked us through the process and into our first home! We not only enjoyed Mike's professionalism and expertise, but his kind and helpful personality as well. As our family size increases, we look forward to working with Mike when we decide to sell our current home and to purchase our next home.