When a homeowner is preparing to sell a home, it can be beneficial to determine the target audience that is most likely to be interested in the property as an important initial step. In some cases, it is advantageous for a homeowner to position a home as a great rental property or investment property, but this requires the right strategy. By adopting a few niche marketing steps, homeowners can work with their trusted real estate agent to market a property appropriately. Create A Cash Flow Sheet Buyers who are searching for a rental or investment property are looking for a return on their … [Read More...]
When a homeowner makes the decision to sell his or her property, it is most common for a skilled real estate professional to provide valuation services so that a reasonable asking price can be established. While the asking price may seem fair to the homeowner, the fact is that not all properties will sell at the original asking price. There are several instances when a homeowner may need to consider accepting a bid that is below the asking price. When The Property Has Been On The Market For A While Most homeowners will learn about the average listing time for similar properties in the market … [Read More...]
One of the most common questions homeowners have before listing their home for sale relates to the selling price. Understanding the value of the home is about far more than just comparing the square footage of the space with other homes that have recently sold in the area. While there are many factors that will play a part in a selling price, location is an important factor for several different reasons. Neighboring Properties The properties that are located next to the home for sale are critical to the property value. For example, a home that is located next to a park or a beautifully … [Read More...]
Last week's economic news included reports on construction spending, Freddie Mac's mortgage rates survey and several employment related reports. The details: Construction Spending Jumps The Commerce Department reported that construction spending reached its fastest annual pace since November 2008. Most of the momentum was caused by construction of apartments, commercial projects and roads, and construction of single family homes. Builders spent 2.20 percent more in April than they did in March, which equated to an annual outlay of $1.01 trillion for all types of construction spending. Analysts … [Read More...]
There are numerous factors that you may review when choosing a new place to live. If you have children, the quality of the schools and the level of education that your kids will receive in the schools is important. However, you may not be certain how to determine if a school is good or not. When you are looking at schools, use this helpful checklist to guide you in making a great decision. Achievement Data One of the easiest factors for you to research about different school districts and individual schools is achievement data. This may include the percentage of students graduating high school … [Read More...]
Real estate sales contracts can be confusing, and there seem to be contingencies and special circumstances for many different events built into a standard contract. One option that your real estate agent may ask if you are interested in is an escalation clause. This is typically an optional clause that you can choose to invoke if you desire, so you should take time to learn more about what it is before you make your offer. What Is an Escalation Clause? It can take a considerable amount of effort and time on your part to locate the perfect home to purchase, and the last thing you may want to do … [Read More...]
