Four Overt Signs You Should Walk Away from a Home
Posted: September 11, 2018 Filed under: Homebuyers:, house for sale, Real Estate | Tags: home buying, home selling, Real estate, real estate selling Leave a comment
“A man travels the world over in search of what he needs and returns home to find it” –George A. Moore
Home…it is there we often grumble, it is there we are glad to rest. And when we have had a tumble, it is where we are treated best.
Buying a home has been considered one of life’s most significant investment and for some, their biggest one yet.
In this regard, it would only be understandable to look for the home that is most suitable and ideal for the kind of lifestyle you have. With this in mind, it is best to take your time and to survey as many residential properties as you can. There is no absolute need to rush and only settle once you have found the property that adequately meets your needs. However, how do we know that the home is the one? Is that unit in Avida BGC your future home? Well, chances are when you have found it, you would know. But if you encounter a property that just does not feel right or sit well with you, it is probably best to just walk away while you still can.
If you see any red flags or any warning signs that might be potential deal breakers, trust your gut, walk away and move on. From there you can start the search once more. In any case, here are some of the best signs to indicate that the home you are checking out might not be worth the investment:
The inspection turns up something majorly wrong
Before closing a deal on a home, hiring a professional home inspector to inspect the home is not only advisable but necessary as well. While you might be certain that you know what you want and what you do not, these professional inspectors have the expertise in sniffing out potential hazards and defects in a home that could significantly reduce the asking price. You might love how the homeowner has updated their kitchen, but you should never overlook something major on the inspection report. If there are drainage issues, cracks in the wall or on the roof, you might want to walk away. These are not slight issues that can be fixed with a few cosmetic touches. These are issues that could potentially turn your dream home into a financial pit in the future.
The builder cut corners
One of the foremost considerations we have in buying a house is one that has good bones—one that would last us for a lifetime. In this regard, it is best to check how well the builder or remodeler built your home. In this regard, take the extra time to check every nook and cranny and be meticulous about your inspection. Be a little suspicious of fresh paint oversprays as these might indicate that the home seller is trying to conceal a defect. Similarly, be wary of inconsistencies in the finish such as wood that does not look like wood at all. Lastly, be on the lookout for the kind of quality and workmanship the house has. If it does not meet your standards and looks as if it was hurriedly done, it is definitely not worth the investment.
The property has litigation issues
While the house might look good and meet all of your expectations, be sure to take a look at the title as well—and be very discriminating while doing so. You can end up with a fraudulent title if you are not careful and end up having to fork up thousands or even millions of pesos to cover for in litigation and legal expenses. Apart from ensuring that the title is clean, be sure that the deed issued is legitimate. With this in mind, consult your attorneys before pushing through with a sale first to prevent being embroiled in litigation contests or snarled legal complications in the future.
The house is too unusual
While there are properties that are out of the ordinary, you are unsure as to where your lifestyle would fit in this unconventional setup. Yes, you are all for things that are a departure from the traditional but if it takes creative liberties way too far, living in the house might prove to be challenging. Sure, weird is one thing in such a way that it can be considered the height of cool and sophistication. But if the property limits your lifestyle options such as possibly reducing the possibility of expanding your family to not having enough room for guests, you might want to think twice about buying it. Overly and heavily customized homes are only ideal for prospective homeowners who can align their way of life with the way the house is designed. If you do have a penchant for the unusual and love the property, then go for it. Just know that it might be difficult to sell in the future.
Home Ownership: How To Sell A House
Posted: June 22, 2018 Filed under: Home, Homebuyers:, house for sale, Lifestyle, Real Estate | Tags: decisions every first-time homebuyer, Dream Home, first-Time homebuyers, home buying, home selling, Real estate, real estate selling, selling tips Leave a comment
Selling a house isn’t the same as selling chicken or meat in the market. They do have something in common – trust. Sellers must ensure the quality of their goods, so buyers learn to trust them and their brand.
Some products are already worthy of trust, like a few real estate developments. Developers and selling agents already have a track record to prove their credibility. Still, there’s a lot that goes on before you convince a buyer to own a place at a prime leisure development such as Anvaya Cove.
Anvaya Cove is a seaside community. It is best for families who wish to be away from the urban setting. It may have the best amenities and neighborhood, but it can still be a challenge to sell a place as a homeowner.
You can try the tips below to sell your home as fast as you can.
1. Find the best time to sell.
Homebuyers and property seekers usually do their search in the spring and summer. Consider selling your home during these seasons. However, you will have more competition as there are several people also selling their property at this time.
Since buyers have a stock of properties to choose from, they can be picky with their selection. Ensure everything is in order. Your home must be at the top of its game. Check out area competition and listing price suggestions form several agents. Listen to the negotiating advice of the selling agents you encounter.
2. Prepare your home by adding some appeal.
Make your home appeal to the masses by removing clutter, refurbishing, and upgrading upholstery. You can also enhance your home’s yard and porch by adding flower boxes, replanting seedlings, changing the mailbox, and repainting the front door.
Make your home look saleable by focusing on the curb. When buyers drive into the driveway and pass through your front door, it sets their expectations for your interior. An updated exterior means there are more surprises inside the home.
Add decorations in your interiors if you must. Replace your fixtures, apply a fresh coat of paint, brighten the rooms, and do some severe makeover of the bathroom and kitchen. It’s best to follow the decorating trends and current market condition to know what’s in style.
Also, keep your pets out of sight. Some homeowners don’t fancy the idea of pets living in their prospective home.
3. Determine the market value of your home.
Try not to set a high asking price at the beginning only to change your mind when you see there’s no inquiry within 30 days. It may lead you to offer a lower price than what you initially assigned.
Too high a price strays buyers and agents away from your property. They may assume you aren’t serious about selling your property.
4. Talk to an agent.
Don’t hire a real estate agent because of familiar associates and interests. Hire someone with a track record in closing their sales. Also, consider their working style and how they deal with clients.
The real estate agent you will get like the fairy godmother you never knew you needed. You can be sure of his or her skills and qualifications thru online client reviews and feedback. Check his or her online presence by the properties promoted online.
5. Spend time on the right marketing efforts and tools.
Be flexible with your visibility. Set a schedule for your open house. Expect visitor from different places who will be all over your house. During the open house, discuss the pros and cons of buying the home to avoid misrepresentation of your property.
Ensure your listing is on all online home buying and search sites. If you have an agent, double check if your home is on Lamudi, Zillow, ZipMatch, Trulia, and Realtor.com. Social media is also a viable platform to showcase your house for sale.
Some social media sited have groups and communities on specific niches and topics. You can use these marketplaces to connect with buyers online. When selling online, ensure to include information about your home, neighborhood and lots of explicit, attractive photos.
Use the right photos and words to describe your neighborhood. If there are nearby recreation, dining spots, and shopping areas, don’t forget to mention these. Selling your home also means you are marketing your lifestyle.
6. Select the best offer for your home.
What is your motivation for selling? Knowing the reason for offering your home to the market. If you aren’t motivated to sell, you won’t get the offer you want or find the right buyer willing to bet on your property.
7. Have a backup plan.
Sell before buying a new home. Don’t get into the trap of looking into new homes. Most of all, don’t book an appointment or visit an open house without doing yours.
You also must find a lender to know how much you need to settle for your mortgage. You transfer it to the buyer, but it’s better to pay it on your own and sell the house based on its market value. Be sure to transact with an experienced loan officer. Compare mortgage loan types and select the one that secures your financial capability and needs.
Once you have all these locked down, all you have to do is provide the right papers to close the deal. Be sure to have everything ready. As much as possible, avoid and be wary of scammers and lowballers when selling a beautiful seaside home.
These are some of the tips or ways to sell your home as a homeowner.
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