Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Top Tips for Buying and Selling a Home


Buyers

Looking for a home

-Use Internet for overview of properties, communities, and schools.
-Visit potential neighborhoods at different times of day.
-Research price trends in communities and neighborhoods.
-Consider resale prospects on home before you purchase.

Get your new home inspected before you buy.

-Hire a home inspection professional who is certified or licensed.
-Attend inspection, ask questions and take notes.
-Use inspection tour to verify home fits your needs.
-Submit inspection problems to seller for remedy.

Research home financing options before making a decision.

-Fixed rate. The interest rate you pay is fixed over the term of the loan.
-Adjustable rate. Interest rate changes at end of adjustment period.
-Seller financing. Mortgage contract between property seller and you.
-Avoid paying Private Mortgage Insurance. An insurance fee charged monthly to higher-risk borrowers less than twenty percent down payment.

Retain a real estate attorney and buyers real estate agent.-An attorney should review contracts before you sign them.-Your attorney is your legal advocate from contract to closing/escrow.-Locate a real estate agent who has a fiduciary responsibility to you.-Fiduciary. Part of the common law of agency, indicates a relationship based on trust.

Understand common contract terms.

-Contingencies. A provision in a contract requiring certain acts to be completed before the contract is binding.
-Approvals. Contract period where the sellers, their attorney, you or your attorney can approve or void the contract.
-Earnest money deposits. Money given to the seller at the time of contract is made as a sign of the buyer's good faith.
-Tax Pro-rations. Credit issued at closing from the seller to the buyer for unpaid property taxes.

Sellers

Gather opinions of value from professionals on your home.

-Invite three real estate agents to submit a price range based on recorded recent sales.
-Consider hiring an independent real estate appraiser.
-Use similar properties based on age, condition and size.
-Properties sold in the last six months offer the best indicators of value.

Stage your home before buyers come through.

-Streamline clutter and place the focus on your home.
-Neutralize colors so buyers can visualize their belongings in your home.
-Visit new-construction model homes to gather ideas from the pros.
-Invite family, friends or real estate agents over for feedback.

Internet marketing provides wide exposure for your home.

-Have a virtual or digital tour of your home in multiple websites..
-Post interior and exterior photos of your home on the Internet.
-Hire a professional to write a description of your home.
-Utilize maps to showcase your location for out-of-town buyers.

Understand the elements of a contract to purchase.

-Require all offers to be in writing.
-A good contract has favorable terms in addition to price.
-Limit fixtures excluded from sale of home to a maximum of three.
-Keep negations non-emotional and amicable.

Recognize the variables that real estate agents can't overcome.

-Buyers bypass over-priced homes.
-Homebuyers discount homes in poor condition.
-Homes with poor locations have longer market times.
-Buyers are more relaxed and curious during showings when sellers are gone

Mark Nash real estate broker, writer and author of 1001 Tips for Buying and Selling a Home (Thomson 2005) specializes in helping others succeed in real estate. http://www.1001realestatetips.com


MORE RESOURCES:


















Welcome to Real Estate Friday!  theberkshireedge.com


Inked: Recent LI real estate deals  Long Island Business News

Wylie High School offers new real estate class  KTAB - BigCountryHomepage.com




















Christie's International Real Estate  The Laurel Magazine of Highlands NC and Cashiers NC





























Pending Home Sales Rose 1.6% in February  National Association of REALTORS®

















Real Estate Stocks: This Player In Buy Zone  Investor's Business Daily






Synergy Acquires 101 Arch Street in Boston  Boston Real Estate Times






home | site map
© 2006 TIGER MEDIA