Selling a house may prove to be a long, complicated process. Fortunately, those who craft a house selling strategy can determine the steps they will need to take to accomplish their desired results.
A home selling strategy may prove to be a must-have. Because if you enter the real estate market with a plan in place to sell your residence, you could boost the likelihood of getting the best price for your home.
Ultimately, there are several factors you need to consider as you develop a house selling strategy, and these include:
1. Your Home's Condition
For those who want to speed up the home selling journey, it generally helps to perform property upgrades. That way, you can ensure your house stands out to dozens of potential buyers.
To upgrade your home's curb appeal, you should mow the lawn, trim the hedges and repair any cracked or damaged siding. These improvements usually are simple to complete and may help you make your residence more attractive than comparable available houses.
Meanwhile, to enhance your home's interior, you should clean as much as you can. With a neat, tidy home interior, your house can make a positive impression on buyers as soon as they walk through the front door.
2. Your Initial Asking Price
The initial asking price for your home may have far-flung effects on your house selling experience. Because if your initial home asking price is too high, you risk alienating potential buyers. Worst of all, your home may linger on the real estate market for many weeks or months, and you may need to lower your residence's price to facilitate a sale.
To price your home competitively, it typically is helpful to study the local housing sector. Find out how your residence stacks up against comparable available houses in your area, and you can determine how to price your home.
You also may want to conduct a home appraisal. By doing so, you can obtain a property valuation to help you decide the optimal initial home asking price.
3. Your Home Selling Timeline
Consider how much time you have to sell your residence – you will be happy you did. If you understand your house selling timeline, you can find ways to maximize the time and resources at your disposal.
If you need to move from your current home as soon as possible, for instance, you may need to be aggressive to promote your residence to buyers. On the other hand, if you can afford to be patient, you may be able to take a wait-and-see approach to obtain the best-possible offer to purchase your residence.
Lastly, as you get set to sell your home, you may want to hire a real estate agent. This housing market professional can teach you what it takes to sell a home in any city or town. He or she will even help you craft an effective house selling strategy, thereby ensuring you can quickly and effortlessly sell your house any time you choose.
If you’re a first-time homebuyer, odds are you’ve thrown the words “prequalified” and “preapproved” interchangeably. However, when it comes to home loans, there are some very important differences between the two.
For buyers hoping to purchase a home with a few missteps and misunderstandings as possible, it’s vital to understand the procedures involved in acquiring financing for a home.
Today, we’ll break down these two real estate jargon terms so that you can go into the mortgage approval process armed with the knowledge to help you succeed in securing a home loan.
Let’s start with the easy part--mortgage prequalification. Getting prequalified helps borrowers find out what kind and what size mortgage they can likely secure financing for. It also helps lenders establish a relationship with potential customers, which is why you will often see so many ads for mortgage prequalification around the web.
Prequalification is a relatively simple process. You’ll be asked to provide an overview of your finances, which your lender will plug into a formula and then report back to you whether or not you’re likely to get approved based on your current circumstances.
The lender will ask you for general information about your income, assets, debt, and credit. You won’t need to provide exact documents for these things at this phase in the process, since you have not yet technically applied for a mortgage.
Prequalification exists to give you a broad picture of what you can expect. You can use this information to plan for the future, or you can seek out other lenders for a second opinion. But, before you start shopping for homes, you’ll want to make sure you’re preapproved, not prequalified.
After you’ve prequalified, you can start thinking about preapproval. If you’re serious about buying a home in the near future, getting preapproved will simplify your buying process. It will also make sellers more likely to take you seriously, since you already have your financing partially secured.
Mortgage preapproval requires you to provide the lender with income documentation. They will also perform a credit inquiry to receive your FICO score.
Mortgage applications and credit scores
Before we talk about the rest of the preapproval process, we need to address one common issue that buyers face when applying for a mortgage. There are two types of credit inquiries that lenders can perform to view your credit history--hard inquiries and soft inquiries.
A soft inquiry won’t affect your credit score. But a hard inquiry can lower your score by a few points for a period of 1 to 2 months. So, when getting preapproved, you should expect your credit score to drop temporarily.
Once you’re preapproved for a mortgage, you can safely begin looking at homes. If you decide to make an offer on a home and your offer is accepted, your preapproval will make it easier to move forward in closing on the home.
Once the lender checks off on the house you’re making an offer on, they will send you a loan commitment letter, enabling you to move forward with closing on the home.
A home showing may prove to be exceedingly valuable, regardless of whether you're actively searching for a residence or preparing to enter the real estate market. In fact, there are many reasons to schedule a home showing, and these include:
1. You think a home may be right for you.
If you review a home listing and feel a house may be your dream residence, it never hurts to set up a home showing. By visiting a residence, you can get an up-close look at a house and determine whether this home is right for you.
Ultimately, the only thing that a home showing will cost you is time. If you find that a home matches or exceeds your expectations, you can always submit an offer on this residence after a showing. Conversely, if a home falls short of your expectations during a showing, you can continue your search for your ideal house.
2. You are interested in learning about the local housing market.
Let's face it – the housing market can be tricky to navigate, particularly for those who intend to purchase a home for the first time. Luckily, a home showing offers a commitment-free opportunity to examine a residence and learn about the local real estate market.
Typically, a home showing allows you to review a house in-person and ask questions about this residence. Once the showing is complete, there is no obligation to move forward with a home purchase. Instead, you can assess your homebuying options and proceed accordingly.
3. You want to narrow your home search.
Although you know that you want to buy a house, you still have lots of ideas about what you want from your ideal residence. Thankfully, a home showing gives you an opportunity to walk through a house and determine what you like and don't like. And even if you decide not to proceed with a home offer, you can use the insights from a home showing to hone your house search.
If you need help setting up a home showing, you may want to reach out to a local real estate agent sooner rather than later. Because if you have a real estate agent at your side, you can check out a wide range of residences and boost the likelihood of discovering your dream home.
A real estate agent can help you get ready for a home showing and offer plenty of insights into the housing market. This professional also will walk through a house with you during a showing and is prepared to respond to any concerns or queries. Perhaps best of all, if you want to submit an offer on a house after a showing, a real estate agent will make it simple to put together a competitive homebuying proposal.
Make your homeownership dream come true – attend a house showing, and you can increase your chances of finding a terrific residence that you can enjoy for years to come.
The number of American employees who work from home, at least part of the time, is increasing year after year. Some 38% of Americans say they’re currently able to work from home at least one day a week, and that number is set to continue increasing.
Working from home can pose a few problems, however. Notably, trying to find a place within your home where you can sit down in peace and get to work.
In today’s article, we’re going to talk about home office design. So, whether you’re working from home full-time, part-time, or just want a quiet place to go over the bills in the evening, so can ensure you have the best possible environment to be productive in.
The balance between focused and comfortable
Ideally, a home office is a place that is well-lit, distraction-free, and minimal in decor. However, each of us has our own process when it comes to being productive.
So, when planning your office, it’s important to choose a style that will help you work but will also make you want to spend time in the room.
Another trait of a home office that is largely dependent on your work-preferences is the lighting quality. This covers anything from the lights you use to the windows, curtains, and even the color of your walls.
If you’re the type of person who could easily fall asleep in a dimly-lit room, it’s probably a good idea to choose a bright paint color and ample lighting. This is especially true for people who find themselves spending long hours in the evening.
Decorating your office
Now that you’ve determined what type of home office you need, let’s think about how you’re going to furnish it.
The key here is to minimize distractions. A television is probably a bad idea. But, quiet music playing on your laptop or headphones could help you focus.
In terms of decorations, a good design principle to go by is that you should decorate with a few large items rather than several small items. This will help you prevent the room from feeling cluttered.
Set yourself up for organizational success
When you envision an office, you probably picture file organizers, paper clip holders, notepads, and countless other office-related tool and accessories.
However, if you tend to do most of your work on your computer, odds are those things will just get in your way.
Instead of filling up your cart at Staples, think about the type of work you’ll be doing in your home office and purchase only what you need. This will help you stay organized and help you from losing documents and losing time trying to find those documents.
With these tips in mind, you’re ready to start creating your home office haven of productivity. Be sure to check out my other posts for more tips and advice.
No matter how much experience you have as a gardener, mistakes happen to everyone. Some gardening mistakes are actually avoidable. Below, you’ll find some of the most common gardening mistakes and how to stay clear of them. Next time around that you decide to plant, you’ll have an even greener thumb than you did the season before.
You Planted Too Early
When the springtime hits, it’s easy to feel eager to plant and get your crops going. Planting too early without proper grow cloths or warm enough temperatures can be completely detrimental to anything that is trying to grow.
Watering Too Much Or Two Little
There is a finite amount of water that’s required for plants to thrive. The general rule is for plants to receive about an inch of water per week. Plants that have not been watered enough will show certain signs including yellowing leaves and wilting leaves. Any fruits that are produced will be deformed. Be sure that you make up for the deficit of water during dry spells that occur by watering accordingly.
Plants that have been overwatered can also cause yellowing leaves. You don’t want your water to pool or cause puddles in the garden. If this happens, you’ll need to add a bit more organic matter to the soil itself.
Not Planting In A Bright Enough Place
It’s a basic scientific principle that plants need sunlight to grow properly. If you have planted things in the shade, they may not thrive. If you don’t have a sunny spot to plant your garden, try using portable gardening containers that you can move around. Shoot for at least 6 hours of direct sunlight per day for your plants.
Weeds can obviously choke your crops, sucking moisture and food away from the plants. If you don’t actively work to eliminate weeds, your plants will suffer greatly. Eliminate weeds as soon as you spot them. Allowing one weed to flourish is to allow them all to take over! Mulching can be a great start in helping to keep weeds away. If any weeds are found after the mulch has been put down, be sure to move them promptly.
Planting Too Much
If you plant too much, space can become a problem. Focus on planting what you and your family like to eat and will actually use. This problem comes down to a matter of preference and taste. You don’t want to spend a ton of time gardening just to realize that you’ve completely wasted your efforts.
Keep in mind that there’s always something new to learn when it comes to gardening. Know that no matter what level of gardener you are mistakes are inevitable but not completely unavoidable.