Teresa Bridges' Blog
If you want to move to a new address as quickly as possible, there is no need to wait to add your current residence to the real estate market. However, listing a house sometimes can be difficult, particularly if you're getting ready to compete against dozens of home selling rivals in a crowded housing sector. So what does it take to list a house and get the best results quickly? Here are three tips to help home sellers generate interest in their residences as soon as these properties become available.
1. Analyze the Current State of the Real Estate Market
Examine the prices of available homes that are similar to your own. This housing market data will help you understand how your house ranks against the competition. Also, take a look at the prices of recently sold residences in your city or town. With this housing market data at your disposal, you can determine a price range for your residence. Don't forget to complete home interior and exterior improvements as needed, either. By doing so, you may be able to help your house stand out from the competition and increase the likelihood of a quick home sale.
2. Conduct a Home Appraisal
A home appraisal may require just a few hours to complete, but its benefits can last a lifetime. Ultimately, a home appraisal enables a property inspector to evaluate your residence both inside and out. After the appraisal is complete, a property inspector will provide you with a comprehensive report that describes your house's strengths and weaknesses. When it comes to selling a house, performing a home appraisal is vital. The appraisal will help you identify any great areas - as well as any problem areas with your house – so you can map out your home selling journey accordingly.
3. Collaborate with a Real Estate Agent
If you're in a hurry to sell your house, you'll definitely want to hire a real estate agent. A real estate agent understands what it takes to list a house, set up home showings and open houses, and promote a residence to the right groups of homebuyers consistently. In addition, this housing market professional can negotiate with homebuyers on your behalf, ensuring you can boost your chances of getting the best price for your home.
Perhaps best of all, a real estate agent is happy to provide unbiased home selling recommendations. This housing market professional is unafraid to share honest feedback about your home so you can do whatever it takes to streamline the home selling process.
Lastly, a real estate agent is available to respond to any of your home selling concerns and questions. This means you can get the expert support you need to make informed decisions as you navigate the home selling journey.
Even though you may be in a rush to sell your house, there is no need to settle for subpar results as you prepare to list your residence. Instead, take advantage of the aforementioned tips, and you can should have no trouble accelerating the home selling process.
Each state has different standards when it comes to buying a home. If you’re thinking of buying a home in Florida for the first time, or are new to the market, there’s things you should know. For a successful home search and home purchase, heed the following facts about buying a home in Florida:
Know The Job Of Your Realtor
Your realtor is also what is called a transaction broker. This means that they help to facilitate the transaction of the home sale. Realtors represent buyers or sellers or in some cases, both. It is your right to have this representation. Realtors are meant to work with all parties in a fair and ethical manner in order to disclose information that will affect the value of a home. Whether a home has a leaky roof or brand new kitchen floors, your realtor should know about it. A Florida Real Estate License gives one the power to be a transaction broker unless otherwise noted. There won’t be a need for additional personnel throughout the home buying process.
In Florida Attorneys Are Not Required At The Closing Table
In Florida, most real estate transactions are closed with title agents, unlike other states where an attorney is required. Title companies have attorneys on hand for consultation, but legal representation is only provided on an as-needed basis at your own expense.
Know Insurance Rules
Due to the climate in Florida, in addition to homeowner’s insurance, you may be required to obtain flood insurance as well. Depending upon how the inspection of the home goes, the home you purchase may also require higher premiums. Things that can affect these rates include the roof, plumbing, how old the electrical systems are and other safety equipment that has been installed. You should be sure to get insurance quotes for the Florida home you wish to buy well ahead of your closing date in order to get the best rates.
Buying A Foreclosed Home May Take Awhile
In the state of Florida, you should know that buying a home that has been foreclosed on can take a bit of time. Certain real estate sites often show incorrect listings, featuring homes that have already been sold or haven’t even been listed yet with low prices noted as a “foreclosure.” Foreclosure listings in the state undergo the judicial process and can take more than a year to complete. If you would like to buy a foreclosed property, you should plan accordingly.
Florida Is A Homestead Friendly State
If you own a home in Florida, you’re eligible to file for what is called a homestead exemption worth up to $50,000. You may only receive this exemption if this home is your primary residence. This exemption reduces your Florida property tax and limits the amount that taxes can increase each year. While restrictions do apply, this is not a bad perk.
Employing a real estate agent offers an ideal first step for those who want to buy the perfect residence, and for good reason.
With a real estate agent at your disposal, you'll be better equipped than other homebuyers to find a wonderful house at a price that matches your budget. Plus, your real estate agent will be able to help you navigate each stage of the homebuying process.
What should you expect after you hire a real estate agent? Here are three things that will happen:
1. You'll narrow your home search.
What are you looking for in the perfect house? Ultimately, you'll need to narrow your home search to ensure that you can discover your dream residence without delay.
Luckily, your real estate agent will allocate the necessary time and resources to help you narrow your home search. By doing so, you'll be able to move one step closer to finding a first-rate home that you can enjoy years to come.
2. You'll visit a wide range of high-quality houses.
Your real estate agent will set up home showings and keep you up to date about open houses in your area. That way, you can stay on top of the housing market, browse a broad array of top-notch residences and find one that suits you perfectly.
As you browse houses, don't forget to provide your real estate agent with questions. This will enable you to make a more informed decision about how to proceed following a home showing or open house.
Furthermore, your real estate agent wants feedback to guarantee that you can explore houses that correspond to your lifestyle and budget. And if you view a home that fails to meet your criteria, let your real estate agent know immediately. This will make it easier for your real estate agent to find houses that meet or exceed your expectations, and as a result, may help you accelerate the homebuying process.
3. You'll submit your first offer on a home.
If you've reviewed a variety of houses and find a residence that you would like to purchase, now is the perfect time to submit an offer.
Your real estate agent will offer recommendations to ensure that you can submit a competitive offer on a house. In addition, this real estate professional can provide details about how long a home has been available, if a home seller has lowered the price of a residence recently and other factors that may impact your initial proposal.
Submitting an offer on a house can be stressful, but you can always reach out to your real estate agent for support. Your real estate agent will keep you up to date about whether a home seller accepts, rejects or counters your offer. And if you receive a "Yes," your real estate agent can help you take the next step toward acquiring your dream home.
Before you begin a home search, hire a real estate agent – you'll be happy you did. A real estate agent can simplify the homebuying process and help you achieve your homeownership dreams.