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Home Staging Tips: The Best Way To Sell Your Home Quicker and For More Money!

Selling your home can be a complicated and stressful process, especially if you’re trying to do it quickly. For many people, the idea of staging their home to sell it faster and for more money sounds like an impossible task. But with the right amount of preparation, your home can sell much quicker and for more money by following a few simple home staging tips. If you’re hoping to sell your house as quickly as possible while also getting the most money possible for it, read on for some expert advice on how you can accomplish both of those things with the help of professional home staging services. Continue reading ...

real estate news

Selling Your Home: The Ultimate Guide to Selling Your Home Fast

Selling your home in today’s market isn’t easy. The housing inventory is low, demand is high, and buyers have a lot of options when it comes to buying. That being said, selling your home can be an excellent opportunity for you to unlock equity that you might not have been able to access otherwise. With the right strategy and the right real estate agent, there’s no reason why you can’t sell your home quickly and for top dollar. Here are some tips on how to sell your home fast and for top dollar. Continue reading ...

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Should you wait until 2023 to buy a house?

Mortgage interest rates shot up in recent months. And buyers are well aware that inventory remains low while home prices continue to rise. In this environment, some prospective home buyers will inevitably decide to wait thing out and buy a house in 2023 instead. That can be a smart strategy, depending on your financial situation and life goals. But there’s no guarantee the market will be easier next year. So while you’re waiting, take steps to improve your finances and better your odds at securing the home you want. Here’s what to do. Continue reading ...

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5 Red Flags That Should Be Deal Breakers When Buying a Home

If you're buying a home, it's easy to act based on emotion and move forward with making an offer if you fall in love with a particular property. But you should remember that buying a house is a huge investment and will likely come with a large mortgage payment, so you don't want to rush into the process of picking a property and end up with a place that has major issues. Continue reading ...

real estate news

Don't Make This Huge Home-Buying Mistake

For many homeowners, the current real estate market is very frustrating. While mortgage rates remain low by historical standards -- even if they've climbed from recent record lows -- housing prices are still high in many locations across the U.S. Making matters worse, low inventory has contributed to more competition for the limited number of available properties on the market.

If you're trying to purchase a home, this can all be quite stressful -- especially if you've made several offers and they haven't been accepted. Multiple rejections may tempt you to find ways to make your offer more competitive. And if you're already at the top of your budget, this option may include waiving inspection on homes you're interested in.

While it may seem like a good idea, not making your offer contingent on a satisfactory home inspection could be a major regret later on. Here's why.

Giving up a home inspection could cost you in the end

Waiving a home inspection can make your offer more attractive to sellers because there's less of a chance of the deal falling apart. Sellers are often afraid that buyers will use inspections to try to negotiate the price down by nitpicking over minor problems that professional inspectors discover.

The problem is, without a professional inspection, it's really difficult to know what a home's actual condition is. While sellers in most parts of the country are required to disclose serious known defects, they don't always do that -- or they may not be aware of major problems.

Often, the most costly and expensive issues to fix (such as problems with the roof, electrical wiring, or plumbing) may not be apparent to the naked eye, leaving sellers unaware of them. Without a professional inspection, buyers may find themselves with a money pit that costs a fortune to fix.

What should you do instead of waiving the inspection?

If you want to make your offer more attractive by reducing the risk to sellers that you'll use the inspection as leverage to drop the price, there's another option you could try that still protects you.

You could make an offer contingent on the inspection, but indicate in your offer that the inspection is for informational purposes only, unless a major problem shows up. You'll typically need to put a dollar amount on what you consider a major issue. For example, you may specify that the inspection will be informational, and you'd only ask for repairs or a price drop on the home if the inspection reveals problems that would cost more than $20,000 to repair.

By taking this approach, your offer will still stand out among the crowd, but you won't put yourself at risk of incurring huge costs for a home or perhaps even buying a house that can't be fixed at all.

Ultimately, you should talk to your realtor about the best way to make your offer competitive, but this can be a good middle ground that's a win-win for both you and the seller by protecting both of your interests during the sale process.

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