Wednesday, October 31, 2018
Thursday, October 25, 2018
Saturday, October 13, 2018
Did you buy a new home recently? If so, Congratulations on your new home! Here are some tips for setting up and settling in for you and your family.
1. Pack your necessities in one place. Keep important documents and necessary items packed in one place separate from the rest of your things to ensure they stay safe and accessible in the transition.
2. Change your address. The United States Postal Service allows you to change your address easily on their website. Don’t forget to also change it with your bank, auto insurance company and voter registration.
3. Get the basic moving supplies. Purchase a basic toolbox and stock up on cleaning supplies to make any quick fixes before you unpack.
4. Set up utility services. Contact your cable and utility providers to set up service at your new address.
4. Learn the neighborhood routine. Check the trash and recycling schedule for your new neighborhood. Review any Homeowners’ Association (HOA) guidelines to familiarize yourself with your new routine.
5. Unpack the kids first. Start with your kids’ rooms so they have something familiar to help them acclimate to their new home. They’ll also have things to do when you unpack the rest of the house.
6. Meet the neighbors. Introduce your family to the folks in your neighborhood. Bring a fun treat, like cookies, to leave a good impression.
7. Celebrate! Give yourself some time to relax after unpacking — then throw a party! Housewarming gifts and familiar faces will make your new house feel like home.
Monday, October 8, 2018
HOW TO HANDLE A BIDDING WAR
So you have found the home of your dreams, it has all the features you want, and it is in the right neighborhood. Even the price is right, but suddenly you find yourself in a bidding war with one or more people who also think this is the perfect home.
This can be a stressful and sometimes even heartbreaking experience, but what knowledge should you arm yourself with before entering a bidding war with other potential buyers?
Here are a few important tips to remember in order to get the house of your dreams without breaking the budget.
KNOW YOUR BUDGET
Having a good idea of what you can afford and knowing your target price can really prevent you from making a bid that you may ultimately not be able to honor. The best way to do this is to get pre-approved for a mortgage before you begin house hunting. That way you will be certain of what you can afford, and if you do find that perfect house you will be able to move quickly to make the purchase.
KNOW ITS VALUE
While the home for which you are involved in a bidding war may be the house of your dreams, paying considerably more for it than it is worth is never a wise choice. To avoid getting yourself into this situation, do your homework before making an offer. Look at the value of similar homes in the area, and contact a real estate agent or expert to determine the fair value.
KNOW WHAT YOU'RE PAYING FOR
Getting the results of a home inspection, determining what features actually come with the house, and knowing how much you will have to spend to get it in livable condition will give you a clearer picture of what you are paying for, what comes with the house, and what your budget can hold.
The fears in any bidding war are that your bid will not be the highest, or that the bidding will keep raising the price higher and higher.
To prevent this from happening your best approach in any bidding war is to bid right the first time. If you are prepared to bid, making your best offer first time around will prevent your bid from being rejected due to another higher offer. Bidding odd amounts can sometimes make the difference between your bid or another being the highest.
In general, being caught in a bidding war for a home you really want is always a stressful situation, but armed with these few tips you can end up with the house you want at the price you are prepared to pay.
Thursday, October 4, 2018
You put your home up for sale and it simply didn't sell. Undoubtedly, this has created a lot of stress, inconvenience and anxiety for you and your family.
Perhaps you already bought another home. Maybe you needed this home sold because of a job change. Regardless of the reason, it's certainly a burden! What Should You Do?
The first thing to do is to take a step back and analyze the situation. Try to assess what factors led to your home not selling. In the next couple of days, I'll outline four reasons why homes tend to sit on the market. Here is the first one:
IS THE PROPERTY OVERPRICED?
Overpricing your property is usually the number one reason it did not sell. Assuming your neighborhood or area has homes with similar features (number of bedrooms and baths, lot size, etc.) on the market for a lower price, buyers will naturally buy those properties first.
The price of your property should be competitively priced with these other homes. That means if you want to sell your home, price the home at or slightly below the comparables. Your real estate agent will help you establish the best price based on the competition. Again, pricing your property above comparable properties can easily cause it to languish.
Another problem with pricing higher than competitive properties is the price reductions.
Most homeowners will reduce the price once they realize their home is priced higher than the competition. When your real estate agent enters the price reduction in the MLS® System, the property is probably at or near where it should have been priced in the first place.
The problem now is you missed a lot of the buyers the first round that bought comparable homes for the same price you have just reduced your home to.
To overcome this situation, you are going to have to make sure your new, reduced price is extremely competitive.
If your price reduction still leaves the asking price of your home higher than any comparables, your home will probably continue to languish. Your real estate agent will help you assess the competition and help you establish an asking price that will get the home sold.