Are You a Smart Home Seller?

The home selling journey offers no guarantees, and as such, there is no assurance that you’ll be able to enjoy a fast, profitable home selling experience. Lucky for you, we’re here to offer insights into the home seller’s perspective and ensure you can reap the benefits of a successful home selling journey.

Now, let’s take a look at three tips to help you become a smart home seller.

1. Analyze Your House’s Strengths and Weaknesses

Although you’ve allocated significant time and resources to keep your house looking great over the years, your home soon may be just one of many houses that is available to property buyers. But if you analyze your residence’s strengths and weaknesses, you may be able to identify opportunities to improve your house and differentiate it from others in a competitive real estate market.

Oftentimes, it helps to conduct a house inspection before you list a residence. This inspection will enable you to receive a comprehensive analysis of your house from a property expert. Then, you can use an inspection report to prioritize home improvement projects and upgrade your house accordingly.

2. Set an Aggressive Initial Asking Price

What you initially paid for your house is unlikely to match your home’s present value. However, if you analyze the real estate market, you may be better equipped than ever before to establish an aggressive initial asking price for your residence.

Take a look at the prices of available houses in your city or town that are comparable to your own residence. By doing so, you can narrow the price range for homes in your region.

Furthermore, a home appraisal may prove to be exceedingly valuable. An appraisal enables you to receive a property valuation based on your house’s condition, age and the current state of the real estate sector. With this appraisal in hand, you can set an asking price for your house that will hit the mark with many potential buyers.

3. Collaborate with a Real Estate Agent

Even a home seller who is persistent and intelligent may require additional help to achieve the optimal results. Fortunately, real estate agents are available who can make it simple for a home seller to maximize his or her home sale earnings.

A real estate agent is a housing market expert who is unafraid to be honest with a home seller. This housing market professional will offer unbiased feedback about a residence’s condition and provide recommendations to help a home seller improve his or her property. Plus, a real estate agent is happy to respond to a home seller’s concerns and questions. This means a home seller can receive extensive housing market insights from his or her real estate agent and make informed decisions throughout the home selling journey.

When it comes to selling a home, there is no need to leave anything to chance. Take advantage of the aforementioned tips, and anyone can enter the real estate market as a smart home seller.

Saving for a Home and Managing Money in Your 20s

Personal financial in your twenties comes with a steep learning curve. One minute you’re studying for your finals and the next you’re expected to suddenly know about APR financing, 401(K)s, and fixed-rate mortgages.

If you’re in your twenties and are facing these new challenges, you’re probably equal parts terrified and excited for the future. And, although it can be anxiety-inducing to step into the world of personal finance, you have one tool to your advantage that your parents and grandparents didn’t have: the internet.

So, in this article, we’re going to give you some tips about buying a home and managing your finances in your twenties.

Have an emergency fund

You probably have a lot of things you want to save for. Down payments on mortgages and auto loans, saving money for traveling, beginning your retirement funds, and maybe even starting a family; they’re all important investments that will take time and financial planning to achieve.

However, one thing that many young people neglect when they first start saving is an emergency fund. There are any number of things that can throw a wrench in your plans in your twenties. You might lose a job and have to live off of savings while hunting for a new one. Maybe something goes wrong with your car and it costs hundreds to repair. Or, you could have unforeseen medical expenses that aren’t covered by your insurance. Regardless of the reason, having an emergency fund will help you stay out of unnecessary debt.

It’s recommended to have at least 6 months of living expenses saved in your emergency fund. Once you have this amount saved, it’s a good idea to keep it in a separate account to avoid spending it on things that aren’t exactly an emergency.

Don’t live above your means

We all know that buying a house, going to college, and even buying groceries are all exponentially more expensive than they used to be. However, it’s still important to try to adjust your lifestyle to the things you can afford.

This includes the vehicle you drive, the first home you buy, and even smaller purchases you make.

Avoiding lifestyle creep

Related to our last point about living above your means, lifestyle creep is the phenomenon that occurs when you get a raise or a higher paying job: the more we make, the more we spend. However, it’s possible to avoid this trend by keeping your finances in check.

The next time you get a raise, make sure that money is put to use in either your retirement fund or savings account. This method is based on the goal of “giving every dollar a job.” When every dollar you earn has a purpose, you’re less likely to spend it on new video game consoles every six months.

What to Do the Day Before You Finalize Your Home Purchase

With 24 hours before you finalize your home purchase, you might feel a mix of anxiety and excitement.

What will it be like to finally own a home? How will the home closing process go? And what will I need to do to ensure everything goes seamlessly as you wrap up your home purchase? These are just some of the common questions that homebuyers consider in the hours leading up to a home closing.

It is important to prepare as much as possible before you complete a home purchase. Lucky for you, we’re here to help you do just that.

Let’s take a look at three tips that you can use to get ready to finish a home purchase.

1. Get Your Paperwork in Order

You may need multiple forms of identification and other essential documents when you close on a home. Thus, you should put together a folder of any must-have documents at least a day in advance.

If you find that documents are missing, retrieve them as quickly as possible. Also, try to get multiple copies of important documents if you can.

When it comes to getting ready for a home closing, it usually is better to over-prepare. Therefore, if you plan ahead as much as you can, you’ll have all of the documents you need to complete the home closing process without delay.

2. Finish Any Last-Minute Packing

After you finalize a home purchase, you’ll be ready to move in to your new home. As such, you should ensure that all of your belongings are packed up and ready to go.

If you’re vacating an apartment, ensure that you’ve notified your landlord and provided sufficient notice about your upcoming move. That way, you’ll be able to finish your rental agreement on good terms with your landlord.

Also, if you need extra help for your move, be sure to reach out to a moving company or family members and friends. And if you require a moving truck, don’t forget to rent one in the days leading up to your move.

3. Consult with Your Real Estate Agent

The day before a home closing can be stressful, particularly for first-time homebuyers. If you have any concerns about the home closing process, be sure to consult with your real estate agent.

Your real estate agent likely has been a life-saver throughout the homebuying process thus far and will continue to assist you in any way possible. If you have questions about the home closing cycle, your real estate agent will respond to your queries immediately.

In addition, your real estate agent can teach you the ins and outs about what will happen before, during and after a home closing. He or she will explain what to look for during a final home walk-through, what home closing forms that you’ll need to sign and what to expect after a home purchase.

Streamline the home closing process – use these tips, and you can get take the guesswork out of finalizing a home purchase.

Who Wants a Small Home? Anyone!

Contrary to huge homes and apartments seen in the latest TV shows and movies, not everyone wants a mansion for their next home. The downsizing and tiny homes craze sweeping the nation might be the best solution for you or your buyer. Smaller homes appeal to more than just singles and new homeowners. Empty nesters, divorcees, newly-retired and even simply families looking to trim down their lifestyle can all benefit from smaller homes.

Benefits of a Small Home

Small homes are great for the eco-friendly buyer. They naturally use fewer materials and less energy than larger homes even without additional green engineering. You can leverage that environmentally friendly mentality even more by getting your home even further off the grid. Adding solar panels, low energy lights, and xeriscaping the yard and bring even more “green” buyers your way. Small homes already have lower utility costs. 

Worried about maintenance costs? Small homes are the answer! With less square footage, fewer furnishings and a smaller roof, your small home is even simpler to take care of. Not only will any required maintenance move faster, smaller means cheaper, too. This makes them an excellent property for renters, so think about small or tiny homes in great locations for the perfect investment properties.

If you definitely want to own your own home but are worried about being “house poor,” a small house is the best choice. They tend to have lower cost overall which leaves you more money for local entertainment, travel, hobbies, fashion and more. Smaller spaces mean you have to pay attention to your furnishings and storage solutions to not overwhelm your space. This can be helpful in keeping your possessions manageable and teaching kids or roommates how to work together to use space. Speaking of kids, they will be happy too, because a smaller home means less to clean. Everyone from 9 to 99 can get excited about fewer chores. 

Think that a small home might be the one for you? Ask your agent to help you find the best small homes in your area!