Source: thebalance.com (Elizabeth Weintraub)
People say the best days to own a boat are the day you buy the boat, and the day you sell it. That’s not true when it comes to home ownership (unless, perhaps, you live on a boat). The best days in home ownership are when you buy a home and all the years you spend living there.
Lots of home owners cry when they sell, though. That’s because sellers have developed relationships with their homes, and have built treasured memories there.
Source: Realtor.com (Michele Lerner)
If you’re a prospective home seller, here are five things you can do now to get ready for a spring sale.
It may sound crazy to start packing months in advance of your move, but since you’ll eventually need to do this anyway, you might as well get organized now. We’re not suggesting you pack up your kitchen and eat off paper plates, but you can sort through your storage closets, attic, basement or garage to determine what you want to keep, what to give away and what to sell. Boxing up items will make your space look larger and neater when it’s time to show your home. You can also get an idea of whether you need to rent a storage facility while your home is on the market.
Clear away the clutter
Source: Realtor.com (Angela Colley)
It’s difficult to put a dollar value on your curb appeal. No one can quite agree on exactly what you’ll get for slaving away in the front yard a few weekends before you put your home up for sale.
Some estimates claim that a well-landscaped lawn could increase the value of your home by 5% to 20%. But other return on investment estimates are even larger—anywhere from 100% to even a whopping 1,000%. Whoa!
Doesn’t it make you want to break out the gardening gloves and hop to it? Good! Because if you skip bumping up your curb appeal before putting your home on the market, the only person who shows up to your open house might be your real estate agent.
Source: Realtor.com (Angela Colley)
One of the most common conditions that can slow down a real estate transaction is known as a lien. So what exactly is a lien? In general, it’s a legal notice that’s put on file as a consequence of an unpaid debt. When creditors want you to know they mean business, they may choose to take legal action by placing a lien on your biggest asset, your home.
A lien, or debt, can feel like a huge black spot on your record, but there’s no need to panic. In the real estate world, they’re much more common than most buyers and sellers realize. Read on for your must-know guide to resolving the issue and moving forward with the sale.
What is a lien?
Source: Realtor.com (Holly Amaya)
Let’s get real: Moving is stressful. And when you’re busy finding a new place to live, selling your current home, and then packing up your entire life, selecting the crew who will move your stuff is likely last on your to-do list. That’s ironic, because you’ll be entrusting them with all your life’s possessions.
Even if you manage to hook up with The Most Amazing Moving Company Ever, we can’t promise bad stuff won’t happen. But you can prevent some unnecessary duress if you have the right team in place. The process starts by schooling yourself in what not to do. Read on for the top mistakes people make when hiring a mover.
1. Waiting too long
Source: www.investopedia.com (Melissa Parietti)
As interest rates rise, the affordability of a new home purchase decreases while currently held adjustable rate mortgage (ARM) payments increase. Mortgage rates are based on national interest rates, and current rates are very low relative to where they were during prior to 2013. The low rates are due to a federal interest rate of 0.25% that has held in place since 2008. In September 2015, the ARM Index released by the Federal Housing Finance Agency (FHFA) showed an index rate of 3.93%.
Recent increases in home prices signal that there may be a higher demand for homes that wasn’t present before. If mortgage rates increase after all-time lows, indecisive home buyers may be persuaded to sign for mortgages to take advantage of current low rates in light of future higher rates.
Source: www.realtor.com/advice (Daniel Bortz)
Buying a home often requires some serious haggling between buyer and seller to arrive at a price they’re both willing to accept. But even if you reach an agreement, the negotiations may not be over. If you’re a buyer who needs a mortgage, most lenders will require a home appraisal. So that means you’ll need to get one more opinion on how much the property is worth.
Source: www.realtor.com/advise (Margaret Heidenry)
Long before you start packing, the monumental task of moving to a new home all starts with your going online or picking up the phone to get some moving quotes. These estimates give you a ballpark figure of how much you’ll pay to safely transport all of your prized possessions, but like all estimates, they can be off base. Waaayyyy off base.
To help you keep a lid on your moving costs, we called on moving experts to share how you can get the most accurate estimates so you don’t have to worry about last-minute surprises on your bill.