Paul Stonkus' Blog
The real estate market offers no guarantees for house sellers. Thus, even if your home boasts lots of great features and is available at an appealing price, there is no guarantee that your residence will sell quickly.
Ultimately, a home seller must act aggressively to promote his or her residence to the right groups of buyers. With an aggressive approach to the home selling journey, an individual can boost the likelihood of enjoying a quick, profitable house selling experience.
There are many things that you can do to stay aggressive as you strive to sell your home, and these include:
1. Study the Local Housing Market
The local housing market may fluctuate. Fortunately, a home seller who analyzes the local real estate sector closely can gain the insights that he or she needs to speed up the house selling cycle.
Take a look at houses as they are added to the real estate market in your city or town. By doing so, you can see how comparable houses stack up against your residence. And if you find that your home pales in comparison to similar residences, you can perform myriad house upgrades.
Furthermore, if you find that the price of your home is much higher than the prices of comparable houses in your area, you may want to lower your residence's price. This may help you stir up lots of interest in your home from buyers, as well as accelerate the home selling journey.
2. Maintain Your Home's Appearance
You may have already dedicated substantial time and resources to upgrade your house's interior and exterior. However, if you fail to keep your house looking great, it may be tough to achieve your desired home selling results.
Perform regular house cleaning both inside and outside your residence. This will ensure that your house boasts amazing curb appeal. Also, once buyers enter your residence, they may fall in love with your residence's interior.
3. Work with a Real Estate Agent
A real estate agent usually has a simple goal: to help a seller seamlessly navigate the house selling journey. Therefore, if you collaborate with a real estate agent, you can work with a diligent housing market professional who will do everything possible to help you succeed.
Oftentimes, a real estate agent will meet with a home seller and craft a personalized house selling strategy. He or she then will put this plan into action and promote a seller's residence to prospective buyers. Plus, if a seller receives an offer to purchase his or her house, a real estate agent will help this individual review the homebuying proposal. And if a seller decides to accept the offer to purchase, a real estate agent will make it easy for this individual to finalize his or her home sale.
Ready to add your residence to the housing market? Use the aforementioned tips, and you can take an aggressive approach to streamline the home selling journey.
Contingencies on a contract to buy a home are there to protect both the buyer and the seller. The contingencies give the buyer the right to back out of the contract if any of these contingencies aren’t met. There are many reasons that buyers back out of deals including financial issues and problems with the home. Below, you’ll find a break down of some of the most common contingencies and what they mean for you as a buyer or a seller.
Most home contracts come with what’s called a financing contingency. This gives you the ability to walk away from a deal if the financing falls through when trying to buy a home. Usually this is due to a credit reason or some other financial reason. You can’t rely on financial cracks to help you to back out of a deal on a home. Lenders will only deny a loan for real financial reasons. There’s no way to ask a lender to lie for you so you can get out of buying a home! This is why you need to make your decision about a home purchase wisely.
This gives the buyer the right to have an inspection on the home within a certain time frame which is usually 5-7 days. If something is really off with the inspection that you as a buyer don’t feel comfortable with, you have the right to back out of a deal without repercussions. While seller disclosures are important, the seller can’t disclose what they don’t know about. That’s why the home inspection is so important. The seller’s disclosure cannot protect you from hidden damages that may cost half of a home’s worth to repair.
If homes are selling fast and you want some secure way to back out of a deal you should consider an appraisal contingency. If the home you want to purchase doesn’t appraise at a price high enough to meet your mortgage requirements, you have a legal way to back out of the deal. For example, if you put down 20 percent of the purchase price of a home and the home doesn't appraise for the value of that purchase price, you’d need to come up with the remainder of the money in cash. An appraisal contingency protects you from having to face this. You’ll still need to have a home inspection done on the home to search for any problems, but an appraisal contingency protects you from any problems with financing and your own disposable amount of cash that could arise due to a home appraising low.
While contingencies aren’t necessary as a homebuyer, they’re highly recommended. Without contingencies, you could be left with a number of expenses such as damages that are extremely costly to fix.
AI (artificial intelligence) is moving in on the homefront. And at the head of the pack is Amazon’s Echo with its assistant, Alexa. Echo comes in 3 options: a minimal hockey-puck-shaped device, a sleek tube in fashionable shades that make it a natural addition to your home decor, and a square-shaped device with a video screen, camera and mic capabilities.
Many are eager to bring home Alexa and make it the newest addition to their home but are left wondering what exactly does it do?
First, you need to teach Alexa which commands to recognize and perform. These commands are called “skills” And there is a whole library jam-packed with them. So where to start?
Create a Flash Briefing. Create your own daily update feed with the Flash Briefing option. You choose which sources you want Alexa to pull from and which time to report in. Get the weather, news and other updated while you get ready every day.
Use as an alarm in the morning - wake up to music, a radio station, the news, etc. If it’s available via Amazon Music it’s fair game.
Order a ride via Lyft or Uber. You can ask how much the trip will be and have it automatically billed to your account. Speed up getting ready to go out by coordinating your ride while you put on your final touches.
With multiple devices, you can sync music to play throughout your house. The app allows you to group all of your devices together into one cohesive house-wide system. Whether you want to listen to music, the news, a podcast or an audible book you can hear it no matter where you go - perfect for cleaning days.
Order pizza from Domino’s or Pizza Hut. Who doesn’t want pizza to arrive at their beck and call?
Tune your guitar. With this skill, Alexa plays a song for you to match and listens in until you match up perfectly. Which means you don’t need another device, app or website to keep track of.
Sync up to your Fitbit to ask for updates on your latest activity and step progress for the day. In fact, you can even get more steps in while you ask since you don’t have to sit down at the computer.
With a Wemo Smart Plug, you can enable Alexa to turn devices on and off with a simple voice command. And with their light switches, you can turn lights on, off and change the brightness to match your mood.
If you have a Hyundai, Mercedes or Ford with the right capabilities you can have Alexa start your car for you. Giving you five more minutes to grab breakfast for once.
Meditate with the Stop, Breathe, & Think meditation skill for Alexa. Just say how long you want to meditate for and settle in to clear your mind. Who said technology keeps us distracted?
And then there is always the option to ask Alexa which skills to enable. So meta!
There is no need to struggle as you pursue your dream home. In fact, there are many things you can do to ensure the homebuying journey is quick and easy.
Now, let's take a look at three tips to help you enjoy a seamless property buying experience.
1. Know Where You Want to Reside
It often helps to narrow a home search to a small group of cities and towns. That way, you can focus exclusively on residences in a set area and speed up your house search.
As you consider where you want to live, it generally is a good idea to review your short- and long-term plans. For example, if you intend to return to school soon, you may want to search for houses near some of the nation's top colleges and universities. On the other hand, if you want to start a family, you may want to focus on homes close to parks and other family-friendly attractions.
2. Establish a Homebuying Budget
Most homebuyers will need to get a mortgage so they can acquire their dream residence. Fortunately, banks and credit unions are happy to teach you about home financing and help you make an informed mortgage selection.
Typically, banks and credit unions employ courteous, knowledgeable mortgage specialists who can educate you about all aspects of home financing. These specialists are ready to respond to your home financing concerns and questions and help you find a mortgage that suits you perfectly.
There is no such thing as a "bad" question to ask mortgage specialists, either. If you work with mortgage specialists to assess all of your home financing options, you can select a mortgage that will serve you well for the foreseeable future.
3. Hire a Real Estate Agent
When it comes to searching for a home, you don't have to work alone. Thankfully, real estate agents are available throughout the country, and these housing market professionals can make it simple for you to acquire a great home at a budget-friendly price.
A real estate agent goes above and beyond the call of duty to make the property buying journey fast and easy. First, he or she will learn about you and your homebuying goals. This housing market professional next will craft a personalized homebuying strategy for you and put this plan into action. Then, after you discover your ideal residence, a real estate agent will do everything possible to help you acquire this home.
In addition, a real estate agent will work with you to finalize a home purchase. As a home closing date approaches, a real estate agent will help you plan accordingly. By doing so, he or she can help you purchase your dream residence without delay.
For those who want to enjoy a quick, easy homebuying journey, it helps to plan ahead. With the aforementioned tips, you can prepare for the homebuying journey and limit the risk of encountering various problems as you search for your ideal house.
Are you an experienced homebuyer? If so, you may be better equipped than others to enjoy a quick, worry-free homebuying experience.
Ultimately, a veteran homebuyer can learn a lot from his or her past experiences, including:
1. How to Avoid Paying Too Much for a House
The housing market offers many opportunities for veteran and first-time homebuyers alike. However, a first-time homebuyer may struggle to pounce at an opportunity to acquire a top-notch house at a budget-friendly price. On the other hand, an experienced homebuyer likely knows what it takes to acquire a house at a price that matches or surpasses his or her expectations.
As an experienced homebuyer, it generally helps to think about how you narrowed your price range when you most recently searched for a home. This experience may guide you as you look to establish a price range for an upcoming house search.
Furthermore, a veteran homebuyer may know exactly what types of housing market data to examine before entering the real estate market. By evaluating the prices of recently sold houses and available residences in cities and towns where you'd like to live, you can use assorted real estate market data to accelerate your home search.
2. How to Get Home Financing
If you struggled to get a mortgage for your first home, there is no need to deal with home financing problems once again. Instead, a veteran homebuyer can allocate the necessary time and resources to get pre-approved for a mortgage and enter the housing market with a budget in hand.
To receive pre-approval for a mortgage, it usually is a good idea to meet with various banks and credit unions. These financial institutions can educate you about myriad mortgage options and help you select the ideal mortgage based on your homebuying needs.
3. How to Differentiate a Buyer's Market from a Seller's Market
Regardless of whether you previously bought a house in a buyer's or seller's market, you can use your past homebuying experience to help you assess the current state of the housing sector. Then, you can map out your homebuying journey accordingly.
If you notice houses are selling quickly at prices above their initial asking figures, you may be preparing to enter a seller's market. In this scenario, you may need to act quickly to acquire a great house.
Comparatively, if you find that homes are lingering on the housing market for many weeks or months, a buyer's market may be in place. In a buyer's market, you may be able to purchase a stellar house at a discounted price due to the sheer volume of houses that are available.
Before you launch a home search, it is important to note that even a veteran homebuyer may need help at times. If you hire a real estate agent, you can receive expert support throughout the homebuying journey. In fact, this housing market professional will make it easy for you to discover a superb house in no time at all.