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There are a few options when selling a home and one of those options is to sell it by yourself, or For Sale By Owner (FSBO). FSBO is a home that is being sold by the owner, without help from an agent. The benefit to the seller is that they no longer need to pay a listing agent a commission upon the sale of their home. However, because there is no agent, the seller is now responsible for all the work involved in the sale of the home. Understanding For Sale By Owner (FSBO) Someone who has little experience in...
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Selling a home can be a nerve-wracking experience. If you are planning to be in the home when there are buyers walking through, you may feel obliged to make conversation. But you should keep some things to yourself. Here are some examples of what not to say during the home selling process. What NOT to Say When Selling Your Home “Our house is in perfect condition.” This is a hard sell. Even if you think that the house actually is in perfect condition, the home inspection may prove differently. In the end, every house, whether new or resale, has something that could be fixed,...
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Most home inspections cover similar attributes of a home, and common home inspection issues in New Jersey tend to revolve around the type of things caused by our climate and home wear and tear. We get our share of weather extremes, and those frigid winters and blazing summers can take a toll on HVAC systems, plumbing, roofs and more. Not every house is perfect, and even your dream home will require some fixes every now and then. One of the joys of homeownership is accepting this reality and working hard to fix these issues as they arise. During your home...
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The newest trend in the housing market is flipping houses. Just look at all the shows on HGTV that are based on this very premise. There has been a recent fascination with fixing up houses to resell, and it is amazing to watch the final product come through. If you’re in the market to flip a house or considering the idea, here are some things that you should know. First-time Flippers One thing that first-time flippers, or flippers in general, may underestimate is the costs associated with flipping houses. The obvious first expense is the property acquisition cost. Paying...
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Short sales vs foreclosures? Both are often viable options made available to people behind on their mortgage payments, have a house worth less than the outstanding balance on the mortgage, or both. Though these are both the result of financial issues, they are different in their own ways. What is a short sale? Short sales are usually initiated by the homeowner, often times when the value of the house drops 20% or more. Before the process begins, the lender must sign off on the decision to put the house up for short sale. The lender also needs to provide documentation on...
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Pay attention to curb appeal First impressions are important! The first thing a potential buyer sees is the front of your house, so make sure that the first impression they get is a good one! Clean off the dead leaves and debris from your lawn and make sure there isn’t any overgrown vegetation blocking the windows or path to the entrance. Not only will this make the outside of the home look great, but it also allows sunlight to stream into your home, giving your home warmth. Gardening is a great way to add curb appeal to your home, specifically...
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How Your Neighbors Affect Your Home Value When selling your home, one thing that affects whether you can sell your home and how fast you can sell your home is your home’s value. Most people know that a home’s value can be affected by your home, but did you know that your neighbor’s home can also affect your home’s value? Here are four things about your neighbor or your neighbor’s home that can affect your home’s value. Physical problems The curb appeal of your neighbor’s home is almost as important as the curb appeal of your home. Any visible signs...
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Home Staging Mistakes Home staging is the act of preparing a home for sale. The goal of staging is to make the home appealing to several potential buyers, helping the home sell faster and for more money. Home staging is an essential part of the home selling process. However, it’s possible for staging to go wrong. Here are seven things to avoid when staging your home. Beat up or ugly furnishings and décor Great staging starts with choosing furniture that shows off the home in the best light possible. This includes placing the furniture optimally. Older or beat up furniture...
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How to Price Your Home The most important factor when selling a home is pricing the home. An overpriced home won’t get attention and will lose its freshness in the first two or three weeks. After twenty-one days on the market, interest in a home wanes. Pricing a home too low shouldn’t be too much of a worry. Typically, lower-priced homes will receive multiple offers, which will drive the price up to market price. To properly price your home, here are five factors you should consider. Comparable listings To start, list every similar home that was or is listed in...
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Low Appraisal An appraisal is an estimation of a home’s value. But what happens when an appraisal comes in under the home’s selling price? Here’s how to deal with a low appraisal. Why do low appraisals happen? The first thing you must ask yourself is why the home appraised for less than the home’s sale price. There are a number of reasons why this may occur. Some of the most common are: Declining market values due to fewer buyers and a larger inventory of homes Incorrect evaluation by the underwriter Overpricing by the seller Fallout from a lot of foreclosures...
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