From the search for home to the day you get the keys, I’m here to help you get your dream home.
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Its super easy to contact Cliff, just click the message, call, or email button/link to get started
Performing pre-sale inspections on your home before you list it for sale can streamline the sales process and help you avoid any unexpected surprises. What most sellers don’t realize is the inspections of the home is the place where more sales fall apart than any other. The pre-sale or pre-listing home inspections will allow you to get a clear picture about the state of your house – including any problems that may derail a sale. You will have a chance to address major issues, and the information you gain from the inspection will be useful in pricing your home. Getting pre-sale inspections can be an important part of negotiating any offers and address any concerns a buyer may have after you are in contract to sell. for. By understanding the condition of your home, discovering any potential issues to sell, and getting most or all of the problems taken care of you increase the chances of having a smooth transaction from contract to close..
Home inspections are generally performed on behalf of a buyer so that the party purchasing the home knows the true condition of the house. There are typically for a home; a wood pest inspection, a roof inspection, and a home inspection. As a seller, you are not required or provide these inspections. But there are several reasons why you should consider performing these pre-listing inspections;
1. Reduce the stress of selling your home.
By getting these home inspections before listing, you can make informed decisions and responses about any buyer concerns that arise during the sale of the home. Performing these inspections gives you essentially a condition report for your home. This is truly helpful in my opinion for selling your home. You now know if there are any issues and you are basically providing the potential buyer that “here is my home, there shouldn’t be any surprises after you make an offer.” This helps eliminate a lot of stress for both seller and buyer surrounding the sale and is especially helpful in any market to help sell the home. It is normal to worry that your home may have some hidden problems that you are not aware of. With these inspections, you will know if any such problems exist and have the opportunity to address them. More importantly you will be able to obtains the costs to address any issues for selling your home and not be held to a contract timeline to address if its something the Buyer wants addressed while in contract. With buyer inspections after you are in contract for sale, you will have to meet the requirements of the sales agreement for close of escrow which is usually based upon no repairs being factored in. Should any buyer requests for repairs arise from their inspections during the contract you will be rushed to respond to. As a Seller you will have to quickly determine the cost to repair, if the repair can be done in a timely matter, then respond to the buyers request, which might mean clearing the issue during escrow or provide a credit at the close of escrow. This for the agents involved is when the contract is most likely to fall out. You can avoid surprises and uncertainty for buyers who are in contract if you have pre sale home inspections available.
2. Help with pricing your home correctly.
The price you set for your home going on market is one of the most critical pieces of the sales process. Priced too high, you will keep buyers away. Priced too low and you will make less money than you could have. But how do you price something when you do not know what it consists of, or what state it is in? With these home inspections, you will have a much better understanding of any negative aspects of the house, and can price accordingly. You may also be able to price the home slightly higher if you discover that there really is nothing wrong or the sell the house is in excellent condition with no major issues since you addressed them prior to being on market.
3. Pre-Listing Home Inspections Can Speed Up The Sales Process
A buyer that knows you have already had the home inspected is going to feel a lot more comfortable making an offer. No one wants to buy a house that has a bunch of hidden issues. With the inspections in hand, you can demonstrate that the home is in great shape and worth the price you have set. And if there are issues, you can be upfront about them and make it clear that the reasonable price of the home reflects the knowledge of those issues. Furthermore, you can negotiate the issues before accepting an offer which can mitigate any buyer requests for repairs and costs for you to address.
4. Allow you to Make Repairs to Help Sell Your Home Faster.
One of the top home selling tips that I recommend to Sellers is to make sure repairs are made to major items in the home. It makes perfect sense because what buyer wants to deal with the problems of someone else when they don’t have to? Buyers complete the purchase more often based upon the condition and care the Seller’s have invested during ownership. Nice well maintained homes sell quickly, ask any agent.
5. Avoid or Minimize the Requests For Repairs.
With a pre-listing inspection, you can avoid such a situation where the carefully considered offer from the buyer may be thrown out the window if the buyer’s inspection discovers any serious issues with your home. Because you have a comprehensive knowledge of the condition of your home you can negotiate the home sold “as-is” in its present condition because the Buyer knows what he is buying before he made the offer. Nothing can be more upsetting than to see the deal you were relying on begin to crumble, and salvaging such a deal can lead to renegotiation that ultimately leave you on the losing end with costs you didn’t plan on to sell you home.
6. Sell Your Home With Confidence.
Buyers are in a difficult position, so it is normal for them to retain a healthy amount of suspicion when considering a home purchase. For most people buying a home is the most money they will ever spend on a single item. A buyer will need to calculate what he or she can afford for the purchase price, as well as how much money will be required to live in the home and keep it in good repair in the future. If the buyer has any thoughts that the home might have hidden problems, the offer he or she makes will reflect that. A pre-listing home inspection can help eliminate much of the doubt about the home. Knowing that the home has already been examined and that there are no problems allows the buyer to make a confident offer.
7. It makes the Sale of Your Home Easier and Less Stressful for Everyone.
Keep in mind that even though you have done a pre-sale inspection, the buyer will more than likely want to have their own inspection as well. You should insist on your listing agent attending the home inspection to not only understand what the buyers home inspector says but to make sure the buyer does not exaggerate any of the issues. Buyers are notorious for using a home inspection as a point of renegotiation. Oftentimes buyers will try to negotiate for things that are non issues. The example I always use is the home inspector saying there is 3-5 years left of the roof and the buyer saying a new roof is needed. Having your agent there to hear exactly what is said is important. You are paying your agent a lot of money – make sure they earn it!
In my opinion there are really none. California real estate home sales require sellers to disclose all known problems with their homes. Home inspections removes that concern and liability as a seller. If you are short on money to make major repairs to your home, doing a pre-sale home inspections can allow you to sell the [rop[erty as is with np financial contribution by the Seller for any requested repairs from the buyer. If your thinking of selling your home to one of the iBuyers (Opendoor, Zillow Offers, OfferPad, etc) knowing the condition of your home could help significantly to determine if you should seriously consider the offer or go on market as an “as-is” sale for more money.
There is no requirement that you get a pre-listing home inspections, but there are certainly a lot of advantages to doing so. Every home sale involves working through home issues, costs, and repairs, but you can limit the negative aspects of the process by gathering all the accurate information you can about your home before you list it. With seller’s inspections, you avoid surprises, control the negotiations and make your sale of your home meet your financial needs.
You’ve found the right home at the right price. You submitted an offer, and it has been accepted. Now you are “under contract.” What happens next? Your agent that helped you win the home will manage the timeframe for performing the inspections and contingencies to help complete the purchase or advise you the cancel the purchase offer shpi;d there be any deal breakers. Here are the major items in the process from “contract to close” for a successful purchase.
Hopefully your lender already knows the offer has been accepted. However, you need to sync up with your lender and make sure the loan contingencies can be completed by the contract timeframe (typically 21 days after an accepted offer for the loan contingency in California). A conversation with your lender should get the ball rolling and make sure any documentation needed for approving your loan is being worked on. The home appraisal is one of the pieces the bank will need for the loan approval. A home appraisal helps determine how much your home is worth. The appraiser is typically chosen by your lender and scheduled by the lender.
Your agent should be making sure the “earnest money” or deposit is given to the escrow company within 3 days in California after the offer is accepted. Your agent should also be working with the listing agent to get all the disclosures and reports available for the property. The disclosures and reports are key to helping you determine the condition of the home you are buying and useful for helping you further investigate any issues with your future home.
Inspections are highly recommended to help find any underlying issues that may affect the value of your home and how much work it needs. Even if you have a pre sales inspections including the home inspection, you should make time to review the report on the property with your agent.
You are required by law to get home insurance when you purchase a home. Escrow will need to have proof of insurance prior to the close of escrow. Don’t let this be a last minute item, if you do it now you will be able to shop around to find the best deals.
Pro Tip: Bundling your home, auto, and other insurance can save you money.
Home warranties help protect you if large ticket items—like appliances—fail after you have bought the home. If you purchase a home warranty plan before closing, it will be included in your closing costs. Sometimes, the seller will purchase a home warranty plan for the buyer.
At this point, you will be roughly 14-21 days since you accepted the offer. You should have: be approved for you loan, have a home appraisal, completed any inspections, reviewed disclosures and reports, requested any repairs, and should be ready to either complete the purchase or cancel the contract. Let’s assume everything is a go and you are ready to complete the purchase. You should be working on your move to the new home. In parallel to your actual move, the real estate professionals will be working hard to get the purchase closed. You typically will see the following happening: The seller will usually ask for a release of all contingencies, and your lender will get the loan documents into escrow for signing. The seller will be signing documents to transfer the home to you. You will be signing all documents you need to transfer and purchase the home to you, bring the rest of funds and depositing into escrow that are needed to close. Once everything is done, correct and reviewed by the Escrow company for seller and buyer, the house will released for recording and transferred to you as the new owner by the escrow and title company
You should be transferring utilities as soon as possible into your name for the new home. Security is a big concern so you should be rekeying the home and looking ar home security and automation options as well. This is also a good time to find contractors for any work you may need or want. Hiring a maid service, pool service, and lawn service is also done after you move.
Pro Tip: Ask the Seller who they use to work on the house while they owned it. It’s often a good idea to retain the home pros that worked on the home and learn more about how and what maintenance is being done. The listing agent is often a good resource to ask if you are looking for recommendations as well.
Your house is too big, too old, or in the wrong location—or climate. You’re ready for fewer stairs, a more walkable community, access to outdoor recreation, a unique selection of cultural amenities—pick one or all. Is this you?
Now what? Do we sell, do we rent, do we stay?
To answer any or all of the above questions, you need to determine what are your plans for the future are. Is your present residence too large and you feel you would like to scale down? Do you plan to travel a lot and have no desire to continue to maintain a large residence? Perhaps a townhouse or a condominium is the answer.
If you sell your present home, do you desire to purchase another home or rent either a home or apartment? What are your tax consequences?
If you decide to sell, take a careful look at any deferred maintenance problems and how they will be remedied. A look at time frames needs to be addressed. – within 6 months, a year, two years?
I can help you navigate and explore the best options for your situation. Let’s meet and talk.
Even if you have purchased and sold many homes, wouldn’t some expertise help? I can help you determine the value on your present home is more that the “house down the street sold for $xxx, xxx”. I’ll offer a realistic approach as to what is the best listing price to market your present home, what you can realistically expect for marketing time and what is the competition from other homes currently on the market.
The real estate market changes quickly. Purchasing a new home is more than just finding that perfect house. Return on your investment and money in your pocket should be a large consideration.
“Run the numbers.” Your housing needs have changed, and your comfort level of mortgage payment may have changed. You may want to travel more, put more of your funds into retirement funds, increase expendable dollars or increase the percentage of your income for housing. You may want to explore a bridge loan to buy your next home and pay it off with the proceeds of your current home. I can help you move on your terms getting you the right home at the right price.
Determine a geographical area that suits your needs for commute time, proximity to shopping, schools and recreation. Decide whether a townhouse, condo or single-family detached property fits your lifestyle. What amenities would you like to see in your new home –number of bedrooms, number of baths, garage, fireplace, garden tub, square footage, size of lot, etc.
I’ll help you make a checklist for the right home. Relocating out of the area? I can help you find a great agent to help you buy out of state too.
Even the savviest homeowner can use the help and expertise of a good agent making what is more often the last home they will buy. I’m a hyper local agent in South Placer and have over 15 years of experience that matters when it comes to making the best decision for your situation. Please reach out to me and let me earn your business and trust.
If you’ve spent much time browsing real estate listings, you’ve probably noticed some properties describing and marketing the home as move-in ready. The perspective Buyer is hoping and believes when a seller’s agent lists their property as move-in ready, there won’t be any work required before the buyer can move in and make themselves at home.
But what, more specifically, should be a Buyer’s expectation for a move-in ready home? Is it just marketing for the home, or does it really mean there is nothing to be done?
What Should Expect of a Move-in Ready Home?
The first thing to understand is that this is not a legal definition; technically, any seller can list their home as move-in ready, regardless of its true condition. Buyers can’t take it as an ironclad guarantee, then, but most of the time, homes that are marked as move-in ready genuinely are.
So what should a Buyer expect for a move-in ready home? Simply it should be ready for occupancy, without any repairs needed first.
Please find a simple checklist to help you determine if the house whether described or not is move-in ready. Here are things I believe you should expect for a move-in ready home, and in no particular order:
This short list should go a long way to help you determine if property condition is indeed move-in ready whether described or not in the listing. Condition is a factor in buying a house, Buyer’s shouldn’t perform any home inspections because a home because it looks good, but it certainly inspire confidence that the home is maintained.
I’m going to make an assumption that you want some level of assistance to sell your home. You are not looking to “sell it yourself” but think you can save commissions. Typically seller’s pay the commissions to sell their property. These commissions are negotiable but typically 5-6% of the sales price of the home. There is a lot of “disruption” in the real estate world in my opinion is nothing more than clever marketing where Seller’s are being marketed saving money where in reality it may be under marketing or under selling their home. Let’s see if we can deliver some information to help you decide what the best option for you to sell your home. Here’s some thoughts you should consider.
In the online age, paying the 5-6% commission (although it can vary) might seem unnecessary. Especially if you can take decent photos and know your way around a contract. On the other hand, full service real estate agents spend years developing the expertise it takes to accurately price a home and then negotiate its sale, so it’s safe to say it’s not a skill set you can learn in a weekend. Also a experience local agent has market intelligence that is necessary displayed and available online
If you already have a working knowledge of real estate and experience with selling your home in the past, you could benefit from à la carte services offered by some real estate brokers. Agents that fill these roles often call themselves “consultants” and instead of charging a flat percentage or flat fee of the sale, they allow sellers to purchase the help they need without paying for what they don’t.
If you choose this route, you will either pay the real estate professional by the hour for a specific task or a flat fee for bundled services and will have to manage the rest of the process on your own. Typical bundles include:
Pricing Assistance. A real estate agent will give you a comprehensive market analysis and guidance on pricing your home.
Listing Assistance. In this bundle, the brokerage will arrange for professional photos of your home and prepare a virtual tour to create an online listing for your home.
Contract and Negotiation Assistance. Once you have an offer you’d like to accept, the real estate agent will draw up a purchase contract and represent you at the home inspection and appraisal tour. They will negotiate with the buyer’s agent on price and any immediate repairs or contingencies they request.
Each local brokerage or online real estate company will offer different ways detailing services/arrangements at varying rates so I advise you to research throughly to get a sense of your local market and what companies are active. And then think about getting the answers to these questions before you decide what help you need and whether it makes sense to use these options for selling:
Have you sold a home in the last 2 years? If the answer is no. The laws and regulations around home sales change from year to year so you will either need to re-familiarize yourself with your state’s laws about contracts, contingencies, seller disclosures and typical time frames for home inspections and appraisals, or hire an agent to take care of this part. Second the online marketing for selling a home is changing almost daily, how your home is displayed online is almost as important as the working arrangement you have between the company.
Is the online listing is included, syndicated to all major real estate websites, and has professional photography too? If your listing isn’t distributed or syndicated to every major real estate website and the 100s of local agent websites your at a disadvantage to sell the property. If buyers can’t see it online everywhere thats a problem. If the images don’t look good thats a problem too. Does the website hosting the listing have all the cool tools like realtor.com? Most do not and again a serious disadvantage if the distribution of the home is limited by the real estate company you’ve hired.
Who is showing the home? In the conventional local agent arrangement, the seller’s real estate agent conducts the one-off home tours and open houses. But unless you hire a consultant to do this for you, you will be responsible for meeting the potential buyers and their agents and selling the attributes of your home. Another thing to keep in mind, most consultants won’t be available to host open houses because its not part of the service they provide.
Qualifying Buyers? Does the arrangement include a showing agent? You might feel awkward asking for this, but the letter is essential to knowing whether or not the potential buyer can afford your home.
Whose negotiating the contract, and are they representing you properly? Do you trust the Company? Some Companies you may be dealing with getting and negotiating all contracts with the seller? Does the company have experience in your local market? If the company is regional or national, you may need to be familiar with industry standards, the typical cost of repairs, and how certain issues affect the value of your home. If the Company you hired to list your home represents the Buyer is that acceptable to you?
How will you communicate?Do you have a dedicated agent or consultant or is it random? Who do you discuss issue with and how fast will they be fixed? When are they available? Do you submit a support ticket? Selling a home often demand immediate response from the listing agent. You may not have a dedicated listing agent that is normal for conventional local real estate in your market.
Upfront Costs? In a traditional full-service arrangement, the costs are paid by the seller out of the sales proceeds, so they don’t have to come out of pocket for anything upfront. But if you arrange for any consulting services, you will have to pay for those either upon signing the contract or upon completion of the task.
After answering all of the above questions honestly, how many “no”s do you have? Its really not about the “no” its about what you are really negotiating away and how much are you really benefiting by attempting to save agent commissions.
Buying a home is not a online experience. Sure Buyers browse, view, and find homes online but that is where the online experience is basically ending for most buyers. Although billions have been spent to market selling or buying real estate is simple and easy, there is still a significant amount of local knowledge and information not available online. This knowledge and information is what local agents use to sell homes successfully. A good local agent should be part of your process to decide which company to use to sell your home.
Real estate commission in Placer County are closer to 5% than 6% of the sales price for listing and selling a home. Most online real estate companies promising a low fee to list are subject to the minimum fee (For example they will list your home for 1% subject to a minimum listing fee of $6,000). Some firms have raised their commissions because the model isn’t profitable. Make you wonder if they are cutting services to you to increase profits. In the end the Seller is taking on a lot of responsibility to sell the home all for roughly 1% of the total commission associated with selling the home. The accountability that used to be on your local real estate agent is now offloaded to the Seller. Seller’s often don’t know that the commissions to sell their home are split between the listing and buyer’s agent. The online companies will share with you that less than 2.5% to the buyer’s agent will put your home at a disadvantage to be sold. There is a major lawsuit about commissions being pushed through the courts.
If you decide the commission savings are worthwhile, make sure you interview the prospective online real estate companies to get a clear idea of the help they will provide. And then get to work!
If you or someone you know recently purchased a home with a septic system, or are considering purchasing a home that uses a septic system, there are a number of things you need to know and consider in advance. Here’s a quick overview on septic systems, how they work, and what maintenance a homeowner needs to know:
In South Placer looking at rural homes for sale it isn’t unusual to find a septic system to be used to dispose of the liquid waste. A well designed and running septic is nothing that should concern a future homeowner. Just make sure you get the information you need and proper inspections to make sure its in good operating condition before you buy the home.
Here’s the short version: A pipe drains all of the wastewater from your home and deposits it in a watertight underground tank. This is where solids (called sludge) settle to the bottom, and floatable materials (called scum) rise to the top. Both sludge and scum remain in the tank and are periodically pumped out by a professional septic service technician.
There is also a middle layer made up of liquid wastewater (called effluent), that drains from the tank into a buried drainfield in your yard, which helps the wastewater disperse into the soil. The soil in your yard filters out any contaminants, and the beneficial bacteria in the soil break down organics in the wastewater to use as plant food.
Here is a deeper dive into how aseptic system work:
Bacteria are what makes a septic system work. They break down waste, leaving water clean enough to safely percolate down into the earth. The whole system is designed to keep bacteria healthy and busy. Some live in the tank, but most do their work in the drain field.
1. All waste flows to the septic tank.
2. Watery waste, called “effluent,” fills most of the tank. Anaerobic bacteria begin breaking down the organic material in the effluent.
3. A layer of sludge falls to the bottom. Sludge is composed of inorganic solids and the byproducts of bacterial digestion.
4. A layer of scum floats to the top. Scum is primarily composed of fats, greases and oils.
The septic tank acts like a settling pond. Greases and oils float to the top. Heavier solids sink to the bottom.
5. A filter prevents most solids from entering the outlet pipe.
6. Effluent flows to the drain field.
The drain septic field provides a large area where bacteria can thrive and treated water can seep into the ground.
7. Holes in the drain septic field pipe allow effluent to seep into surrounding gravel.
Gravel around pipes allows water to flow into soil and oxygen to reach bacteria.
8. Aerobic bacteria in gravel and soil complete decomposition of the waste.
9. Clean water seeps down into the groundwater and aquifer.
Both the potable water source for your home (a well, city line, etc.) and your septic system are completely separate from each other. The septic system is intended to disperse contaminated water back into the ground as a means of filtering it, but that effluent water does not come in contact at any point in time with your drinking water.
The only difference between types of septic systems is the size of the drain field and the soil in a home’s yard. For example, liquid waste sometimes encounters difficulty in dispersal when it is drained into clay-rich soil as opposed to sandy soil. When that occurs, the drain field will need to be large enough to handle the volume of effluent the average family generates. To prevent the possible clogging of a septic system, it is essential not to use toilets or sinks as a disposal for dental floss, coffee grounds, cat litter, paint, chemicals, or other non-biodegradable materials. However you should be aware that septic systems that need to be more “engineered” because of soil conditions are more expensive to maintain, repair or replace.
The system system tank will need to be pumped every so often. The periodic pumping of a septic tank must be handled by professionals to remove the accumulated sludge and scum. How often the tank needs to be pumped depends largely on how large the tank is and how much wastewater the household generates. A three-bedroom house will most likely have a 1500-gallon septic tank that needs to be drained every three to five years, though depending on the waste generation and soil conditions, it may need to be done annually.
In addition to pumping, the tank should be regularly inspected for any leaks or clogs. The telltale signs that the system may be clogged include bad smells and slowly draining or gurgling fixtures. Also, it is very important to avoid the use of septic tank additives, which claim to break down sludge and scum within a septic tank to reduce for pumping. Studies have shown these additives can actually damage your septic system, resulting in a costly repair.
There are several factors that go into determining the cost of draining your septic system, including tank size, drainfield size, and distance for hauling away waste. Pumping a 1500-gallon tank might cost somewhere in the $400+ range depending on the specific circumstances of the job based on your home’s tank size, location, and access to pump.
You need to understand the septic system for the home you are purchasing.
Inspections can give you important details about the condition of the home’s septic system but is often limited to the tank, You should walk the leach field and make sure there are no shrubs, trees, or pasture animals on the leach field.
Quick Tip: Adding a bedroom to the home? Adding a bedroom may require you to increase the capacity of the septic system. Planning to put in a pool, garage, granny flat, etc?... Its critical to understand the septic system design or you may be faced with an expensive cost to move the tanks and or leach field to accommodate the pool or garage you were hoping to add.
Even a well-designed and installed system can need replacement after 25 to 30 years, and replacement costs can vary widely. Most experts state a basic gravity-feed septic system can cost as little as $4,000 to replace, but if your system requires electrical or mechanical parts of function correctly, the replacement cost can range anywhere from $15,000 to $35,000. Replacing a Septic Tank
If you are looking at rural property it makes sense to make sure your real estate agent can help you understand buying a home with a septic. A septic system can be a big issue if you don’t do your homework before you complete the purchase of the home.
Updated: October 15, 2023
The market is continuing to be good for sellers; however, with the current high mortgage rates and home prices there are fewer buyers right now. Now more than ever, every buyer marketing matters when you sell your home.
Here is the feedback I get from my home buyers and perspective sellers who will be buying when they are shopping for home:
All buyers in any market want a nice home that is “move in ready.” Buyers are paying way more than they ever thought they would for their dream home. At a minimum buyers would like to buying a home that has been well cared for and with no major issues to address after the sale. Sellers almost always see more money and return on investment for new carpet and fresh paint, as well as making sure everything is in working order in the home.
If you won’t buy the home you live in because it does look well cared for, most buyers will feel the same way after touring your home. Well cared for properties always sell quickly and for more money in any market.
The cost of hoem ownership is a big challenge right now for home buyers. Buyers want to understand the condition and care of the home by the seller. Any information the Seller can provide will help them sell the home quickly. This is not difficult task to do but this information is often missing and not available to potential buyers. I strive to provide a complete information and disclosure package for every potential buyer. Providing a platform for Buyers to find more information about your home really helps to sell your home quickly in any market including this market.
If your house is over 10 years old, updates and remodelling will bring much needed value and help your home sell quickly and to the best buyer. The older the home the more updates and remodelling will be a consideration for every buyer. A newer kitchen, update bathrooms, new paint, new flooring, and improving energy efficiency all contribute to selling your home faster.
Besides updates and improvements to the home, features about the property matter too for selling quickly and adding more value to the sale. Buyers are looking for solar systems , larger yards with landscaping, additional parking for RVs/storage, backyard amenities including a pool, an outdoor kitchen and/or covered patio.
If you currently own a home in an area that is served by Pacific Gas and Electric a home with with solar owned or leased is a feature most buyers want.
The buyers are searching and finding a home online first, the most committed buyers are looking at the newest inventory. Your house is only just listed once. The price will attracted the most buyers. In this market within 20 days the best and most committed buyer will have moved on to the next new listings. The price is critical but so is the complete marketing and sharing of the home and property features, amenities, updates, remodeling and terms of sale bring the best and highest offer to the seller. Buyers today know the market and are price savvy. A home not properly marketed and priced the first weekend isn’t getting multiple offers and the lack of interest for your home will result in less favorable sales price or terms to sell your home as time on market increases. Ultimately the seller sets the price for the home. However I cannot strongly recommend enough that sellers get a price from at least three real estate agents that will sell the home within 20 days its on market. Then you can understand how to best market your home to work for the price you want it to sell for
Home buyers are on the edge financially to buy a home from the financing to the total cost of ownership and any future repairs the home and property may require. Being flexible and willing to work out any issues during the sale will in the long run be in your best interest to do so. Also, If you have any conditions for selling (rentbacks or replacement property needed) be upfront in the marketing of the sale of your home.
I’ve made market updates on youtube showing the current buyer activity and the results are conclusive:
7/23 and 5/25 Mortgages: Mortgages with a one-time rate adjustment after seven years and five years, respectively.
Home are sold in all markets. Long term ownership of homes has always been financially beneficial. The current market is changing with sellers no longer receiving multiple offers and with terms that most buyers found challenging. The rates for home loans at 20 year record highs. If you feel comfortable about your current finances and want to own a home, for the first time in years the terms and conditions are favoring buyers. Use the changing market to your advantage for owning a home.
I spend almost half my time buying homes and know how it works to make an offers appealing to the seller especially in this changing market. Even in a market that is changing, sellers have more motivation than just the price to sell. Understanding the market for seller’s and understanding seller’s motivations and needs for you to be in the running to get the home you want is based on over 18 years of home buying.