Sometimes people wonder whether offering a bonus to the buyer’s agent will help their home sell faster or for more money. Good question.Even real estate agents are divided about it. Some say no. Some say yes.
Ultimately, it’s your decision as a homeowner. So here’s a list of pros and cons for you to think about before you make the decision.
Let’s be honest, offering a bonus to the buyer’s agent is meant to incentivize the agent to sell your house. It’s basically playing on the desire of a real estate agent to make more money than they would make selling another house. Money certainly motivates people. And real estate agents are people…So, ideally, this is what offering a bonus might do for you:
If you are a first time home buyer you've got two things on your mind right now. First, you have the dream and the goal of owning your own home. Maybe you're family is about to grow or possibly you are just wanting to break out of the renter's rut. Renting can fit a certain lifestyle for a while, but there comes a day when living in such close quarters just isn't cutting it anymore. Second, you are wondering what you really need to know about making that all important first purchase. Maybe you've never followed the real estate market. Why would you? Now you are searching for answers and feel like you are taking a crash course in home buying 101.
If this sounds familiar, you've come to the right place. Are there certain things you need to know? Of
With home prices rising in many areas of the country, many people are worried that we’re headed for a housing crash like the one we suffered in 2008. But here’s the thing: it’s just not true. While it’s understandable that people would look at the current market, consider it a “housing bubble,” and assume it’s going to pop, the truth of the matter is the market today couldn’t be any more different than they were before the crash of 2008.
Let’s take a look at four reasons why we’re not headed for another housing crash:
1. Banks have tightened their lending practices
The biggest contributor to the crash of 2008 was risky lending practices. Financial institutions had extremely loose standards in terms of who they’d lend to; they were giving out
You've received an offer on your home and you're thrilled at the prospect of getting the deal done. But first you need to make it through the next hurdle: the home inspection. In most real estate contracts, a home inspection contingency is in place, allowing the buyer a chance to back out should significant mechanical or structural issues come to light during the inspection.
While you may think your home will pass with flying colors, it's at this stage that many deals fall through. With so much at stake, it makes sense that sellers would want to do as much as they can in advance to get their home in the best possible shape before this top-to-bottom review. By addressing any problems, sellers can assure buyers that the property is in move-in condition
When homeowners decide to sell, they may find themselves justifying their choice to anyone who'll listen. But, as the old saying goes, "Loose lips sink ships."
In today's world where sharing is the norm, sometimes keeping your rationale for making a move all to yourself is the right move. Though sellers would never intentionally want to harm their chances of securing the best deal possible, by being a little too honest, they can ultimately lose leverage when it comes to negotiating.
The following are 8 things home sellers should never reveal (except to their Realtor).
1. "These taxes are killing me!"
No one enjoys paying property taxes, but watching them spike over time can be a huge turnoff for some homeowners — particularly those who
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How about a house that’s already underpriced, and is being overlooked by every buyer in the market? And the owner is super motivated. Desperate even. And would probably take even less than they are asking already.
Just by buying it at such a low price you’re going to make money. But, if you put a few bucks in, you’ll make way more money. And quickly.
So, what’s the secret? How do you get in on such a hot deal!?
Apparently, a lot of people think the road to riches is paved with one carefully worded question…
“Got any hot deals?”
If real estate agents had a dime for every time they hear that question…
You can certainly try that approach. Ask every real estate agent you meet that
If you’re like most people, you’re probably concerned about selling your house before having one lined up to buy.
You don’t want to sell your house first, not having somewhere to go.
But, at the same time, you know you can’t buy another house, without selling the house you already own.
Ideally, you want to time the sale and closing of the house you have to sell, with the purchase of the house you’re moving to. Ideally…
But, it isn’t always easy, or even possible. You certainly can’t bank on it. So, it’ll help you to have a few tips to up the chances of timing the sale and purchase as much as possible, or at least have a plan just in case it doesn’t…
1. Negotiate time to find a home.
Probably the easiest solution is to sell your home to a
Buying a home is one of the biggest investments you’ll ever make. And while a mortgage is obviously a large financial commitment, before you even get to your mortgage, you’ll be required to come up with a down payment.
Typically, lenders want buyers to contribute a down payment of 20% of the purchase price of the home. So, if a home is on the market for $500,000, most lenders want a down payment of at least $100,000. Being able to contribute the down payment shows lenders you’re financially secure and can take on the cost and commitment of a 15 or 30 year mortgage.
But if you’re like most people, you probably don’t have $100,000 at your disposal and will need to save for your down payment. Coming up with that large of a sum can be a challenge, but