This is the most common question that we get, a real estate agent is not only a sales person he or she is your representative acting on your behalf, provides guidance when you want to buy or sell property keeping in mind what’s best for you. Sometimes people try to do things themselves and take help from the internet however a professional is a professional Sometimes you may not get the latest information which isn’t published on a listing so if you are in the market to buy, get a buyer’s agent and he will take care of offers and negotiations.
Closing costs are an expense incurred by both parties the buyer and the seller while transferring ownership. They are treated separately in addition to the down payment money for buyers and it can be paid by the sellers through negotiation.
Interesting question, the thing is when pricing your home you have to take into account a few market conditions of the real estate sector, changes such as market fluctuations so it’s critical to determine listing prices based on the latest information and trends which a real estate agent can provide. Why not get a home value request or a comparable market analysis done.
The best time to put your house on the market would be after analyzing the conditions of the market, looking at the economic factors, which may have an impact on selling or buying a property. According to standard, the market regarding real estate picks up pace around February and goes strong in May and June with a slight dip after the summers. The summer being the busiest period, the actual slow down comes after Christmas when people are more alert on retaining property.
As you may know the purchaser orders a home examination on his own, on the other hand the seller can make repairs to the house; however they are used to negotiate repairs of major problems such as safety standard. The purchase contract may provide guidance for these negotiations.
Comps are regarded as recently sold property items that are similar in size and mainly location to the home for sale. These vital characteristics help to determine the market value of a property.
The disadvantages may include that you might be able to help sell similar homes that are priced lower and so your home maybe on the market for a longer interval, which means you lose market interest and lose money as a result of making extra mortgage payments with incurring tax. In the end you may have to accept lower money and a potential buyer may face financial problems resulting from inflated prices. Thus we at Remax, suggest to you to sell not higher than what it’s worth unless demand is high and you use simple economics to your advantage. Also don’t forget to get a home value check up done.
There is no major disparity between these terms, and are thrown around in the same sense many a times by loan officers. This means that a mortgage professional has reviewed and inspected your qualification which includes credit, income, debt obligation, and available assets for the purpose of getting a mortgage.