moving out

Moving for a Job

There are so many people in the world today who have moved for a job, whether with a new company or for a new position/task. If you’re willing to relocate but are unsure as to whether it is the right move for you, here are some tips to consider before it’s time to make your final decision.

  1. The company may cover moving expenses. The IRS is no longer deducting moving expenses for a job (this is to last from 2018-2025). However, private industries appear to be doing well and many are now offering to pay moving costs for employees that have to relocate. Many businesses, both small and large, have relocation reimbursement policies…some firms even change their policies on a frequent basis for competition. The amount you’re offered for moving will depend upon your role in the company, how much the move will cost, and the amount you have requested from them. Currently, it is cheaper to relocate a renter rather than a homeowner.
  2. Renting may be the best choice for now. Buying a home is a lengthy process and your company will most likely not have time to wait around for the task to be completed. Rent could help you save money in a new town or city. If you were previously a homeowner, a history of mortgage payments could help you get a great deal. The landlord may also be willing to negotiate a lower monthly price, a reduced deposit, or a shorter lease term, as renting has declined from previous years. Maybe you could talk to him or her into letting the first month be free!
  3. Stay flexible. Most companies give employees and/or prospective candidates two weeks to accept or turn down an offer with four weeks to fully relocate. It can be stressful trying to not only pack up for the move and prepare for this new chapter but to also list your current home for sale. Talk to a realtor about alternatives in regards to how you can sell your home as quickly as possible.
Selling-A-Home

How to Choose the Best Offer on Your Home

Once your home is on the market, offers will start to come in. Depending on what you’re selling, offers may take some time or come in at a rapid pace. When faced with the choice of choosing which offer is best, there is no need to be overwhelmed. Here are some tips to help you select the offer that best suits your needs.

  1. Take time to comprehend the process. Keep in mind that an offer is negotiable, so you have the option to accept it, reject it, or ask for modifications (known as a counteroffer).
  2. Create your standard. Determine ahead of time which terms are top priority for you and let this guide your decision. If price is the most important aspect to you, you may need to be flexible with the closing date. If you’re worried as to whether the buyer will be able to get a mortgage or not, you may want to ask for a prequalified or cash buyer.
  3. Make a review process. If you’re certain your home will receive several offers, talk to you agent about creating a time frame for the offers to come in. This will give the agent time to market the home to as many buyers as possible. It also gives you time to review each offer as they come in.
  4. Don’t let personal feelings get in the way. Treat this as a business transaction; that’s what this is after all. If someone doesn’t like the kitchen or a room you have remodeled and have therefore offered a lower amount, don’t take it to heart. It’s still a good sign that the buyer is interested, even if your style isn’t their preference. Remember to negotiate.
  5. Go over each term. Is the buyer asking for appliances or other property to be included in the sale? Is the earnest money sufficient? Have they been preapproved for financing? Is there another contingency involved? Read over all terms so you know what you’re getting into with each offer. If something is a deal breaker, you may need to walk away and move on to the next best offer.
  6. Don’t be afraid to get creative. Find out what is most important to the buyer and see what you can do to meet their needs so you receive the best offer.
Mistakes Made While Selling a Home

Common Mistakes Made While Selling a Home, Pt. 1

Selling a home can be a great step to make in your life, bringing with it a new chapter full of promising new beginnings. It is possible, however, to make some mistakes along the way while selling. That’s where we come in! Here are five of the most common mistakes made while selling a home.

  1. Refusing to let go. Depending on how long you have lived in this home as well as the memories that have been made there, you may find it difficult to detach yourself and your emotions. Don’t let this get in the way when selling your home. Think of its strengths and weaknesses, and try to view your home from the perspective of a buyer. Remember, although the house will be gone…your memories made there will last forever.
  2. Skipping out on repairs. Most homes that are put on the market need some repairs. Depending on the severity of the issues present, some buyers may not want to purchase a home until those repairs have been made. If it’s something simple, such as needing a new HVAC unit or replacing a few shingles on the roof, do this before listing your home. Fixing small issues before listing makes the home look even better to potential buyers.
  3. Failing to prepare for photos. It’s common practice these days for buyers to go online and look at photos of a home that is on the market before contacting an agent. Before listing your home, talk to your realtor about taking photos. Clean the home before taking photos, clear away any clutter, and remove your personal items so potential buyers can see the basics.
  4. Failing to stage your home. Once your home has been cleaned for photos, walk through it and ask yourself if the current furniture placement shows your home in its best form. If rooms fell crowded, go through items and donate or sell them. Contact your realtor and get their opinion on what would look best for each room when a potential buyer visits.
  5. Failing to maintain the outer appearance. It’s not only what’s on the inside that counts, but also what’s on the outside. If your home looks dirty or run down from the outside, this could be enough to cause a potential buyer to keep on driving past it. Does your home need a fresh paint job? Is the porch swept? How are the walkways? Does your lawn need mowing? All of these issues should be addressed before listing.
Selling your house

Advice You Should Ignore

Everyone has an opinion and when you are buying or selling a home, you’ll most likely hear a few. Here are some common phrases you should ignore.

  1. “Only sell in the spring.” Many people like to assume that spring is the best time to sell a home. However, winter (especially in January) is a good selling season if you live in states that aren’t subjected to harsh winter weather (like Florida). Every area is different, so don’t hold off because someone told you to wait. The busier the season, the busier buyers will be. Keeping this in mind, there will also be more sellers and more competition. Even in the seasons that aren’t as busy, someone will still be looking for a home.
  2. “Go to an open house, you’ll find the buyer there.” While it is possible to meet a buyer at your open house, many attend these events simply to look. The buyers that are more serious about the purchase will ask for a private showing.
  3. “Save your money by paying less in commission.” There is a lot of work realtors do when helping someone buy and sell a home. Their job duties extend past simply listing a home. Paying the realtor their commission helps them obtain posters, flyers, yard signs, as well as plan and host an open house event at your home.
  4. “List your price and don’t budge on it. Wait until someone offers to pay it.” Setting the price super high then waiting for someone to agree to pay it may not be the best choice. Homebuyers steer away from overpaying for a home. This hurts you, as the longer your home sits on the market, the more buyers will question why it hasn’t been bought yet. Set a fair price and be willing to negotiate.
  5. “This is what the market will look like next year.” The market is unpredictable and changes all of the time. Anything can happen!
real estate deal

How to Close Your Deal Successfully

Whether you’re closing a deal on an apartment, your dream, a beach condo, etc., it’s certainly an exciting time to be at the end of the road so a new chapter of your life can begin. Don’t get too overwhelmed in the paperwork and legalities, as there are some ways to close your deal in a successful manner without causing too much stress upon yourself.

  1. Have faith in yourself. Be confident; this can carry over into the deal. If you believe in the deal, it will happen. State what you wish to happen and claim it, aim for it, make it your goal. Work hard to achieve that goal. Every detail and step may not go as planned but stick to your guns to ensure your wants and needs are received.
  2. Don’t complicate things. Don’t hound buyers with info, facts, figures, etc. This won’t truly impact their decision when the time comes. Maintain a straight-forward, direct, personable persona. Make things as simple and easy as possible. This is best for both parties involved.
  3. Listen to your potential buyers. Know what they want and what their conditions are; work to help them get what they want and need in a home. Don’t be afraid to ask questions to get a better idea of what they’re searching for and what you can do to help them receive this. If they express any doubts, reassure them. Don’t ignore any issues; face them head on and help get them resolved in a quick manner.
  4. Be yourself. Stay honest and genuine. Show your best to them and chances are, you’ll get their best in return. Good energy promotes good energy!
buying a home

Why You Shouldn’t Buy or Sell a Home Without a Realtor

While it’s not entirely impossible to buy or sell a home on your own, that certainly isn’t recommended. What you will find to be the most helpful during the buying or selling process is hiring a realtor to help you navigate through the process and ensure you get what you’ve been hoping for from the buyer or seller. But if you’re seriously considering doing this on your own, consider these reasons below as to why it’s best to have a realtor by your side.

  1. They’re experts. The world of real estate can be complex; it even has its own language! A language that a realtor can speak in a fluent manner. Not to mention they’re great at handling the ins and outs of buying and selling, as it requires quite an extensive amount of paperwork – forms, reports, disclosures, etc. These professionals can help you get the deal you’ve been dreaming of without delays and pricey mistakes.
  2. They’re quicker at finding the home for you. Not to say you don’t have the ability to go lightning speed on your keyboard and find some houses, but realtors, when given info about your needs and wants in a home and neighborhood, can easily find the right match for you. Sure, you can search listings on your own time; however, realtors have access to more listings that may not even come up in a typical search, as they may not be advertised. Realtors are great at finding local hidden gems!
  3. They’re tough when it comes to negotiations. Meaning that they don’t back down easily! It’s possible for competition, cut-throat antics, cash offers, and bidding wars to occur. Would you be prepared to handle this on your own? Realtors certainly know how to negotiate. They also help design a purchase agreement that will allow adequate time for inspections, contingencies, etc.
  4. They have connections. Realtors know plenty of mortgage brokers, real estate attorneys, home inspectors, home stagers, interior designers, contractors, etc. All of which can help you when buying or selling a home.
  5. They abide by a code of ethics. It’s important to know that not every real estate agent is a realtor. A realtor is a licensed real estate salesperson who is a member of the National Association of Realtors. What’s the difference, you ask? Realtors are held to a higher ethical standard and must abide by a code of ethics in order to maintain their job.
  6. They’re more than just a salesperson. Realtors work hard and complete many different tasks in order to receive their commission. They drive around, check listings for you, spend money out of their own bank account to market your home if you’re selling it, conduct research to ensure you’re getting your money’s worth, etc. Not to mention they work almost all hours of the day and late into the evening. If you have any questions or concerns, they address them and they keep you informed. You’re not just a commission to them; realtors truly care about their clients.
moving out

Signs It’s Time to Move Out of Your Home

According to the National Association of Realtors, the average amount of time a homeowner occupies a house is 10 years. However, some stay much longer than that while others are moving out sooner. It all depends on each resident’s time frame. Whatever the reason may be, there are some issues that can occur that ultimately cause a homeowner to move on to something new. Sometimes it’s financial, other times it’s emotional. Regardless, here are six ways to tell it’s time to move out.

  1. The market is skyrocketing and you want to profit from it. Depending on the area you live in, it may become a popular new place on the market. What better time to cash in, especially if you’ve been debating on moving out. The price per square foot could be increasing, houses in your neighborhood could be selling at a rapid pace, new additions to your town could be bringing in more residents, etc.
  2. Your neighbors got quite a nice chunk of change for their home(s). If you’ve noticed properties in your area are being put up for sale, search them online and see what they’re being listed for, also pay attention to how quickly they sell. If the houses that have the same amount of bedrooms and bathrooms as yours are being sold for an amount that you would love to have in your bank account, consider putting yours up for sale.
  3. Your house has become a financial burden. Perhaps you’ve fallen on hard times and you’re struggling with property taxes or mortgage payments. It may be time to find something more affordable.
  4. Your family has overgrown the home. If you bought a home when you first got married but now have multiple children, pets, etc., it may be time to move into a larger home.
  5. You need a change of scenery. Whether you want out because a loved one has passed away and it’s time to move on, or if you simply want to move to a different part of town.
  6. Maintenance has become too costly. This could be landscaping, snow removal, issues with your septic tank, trash and recycling, house-cleaning, etc. All of these add up over time and many of these services don’t come cheap, especially if they occur often.

You’ve stayed for at least five years (the recommended minimum time). Selling too soon means there is a chance you haven’t built up equity beyond the down payment, as mortgage payments are mostly just interest payments in the beginning. It’s not a good look to buyers if you haven’t been in the house for long. They’ll wonder if something is wrong with the house or the neighborhood to cause you to exit quickly. This could affect their decision to buy

best reator

How to Spot a Successful Realtor

While every realtor is different, there are ways to spot who is more successful in your area. Below are some tips to help you pick out the best realtor from your list of options.

  1. They’re quick to respond. Whether it’s a phone call or an email, exceptional realtors don’t hesitate to get back in touch with you. Keep in mind they are busy and have other clients, but they will make time for you as soon as they can, which usually isn’t long at all.
  2. They keep you informed and help you along the way. Great realtors want clients/customers to know as many details as possible – how the process works, potential issues/scenarios that could arise, etc. Ultimately, realtors want the best for their clients. They are willing to go above and beyond to make sure you get the home you’re looking for or get the most out of the home you’re selling. They’re also willing to work around your schedule so you have time to view different houses, meet with them, etc.
  3. They stay updated with current trends in technology. If you prefer to communicate through texting, this shouldn’t be an issue for the realtor, as many carry smartphones and/or smart tablets with them.
  4. They know neighborhoods. If you have one in mind, ask your realtor about the environment – what has sold recently, what the residents are like, what’s in close proximity, what the crime rate is (if any), etc. If you’re looking for a home near a playground or close to downtown, they will be able to point you in the right direction.
  5. They experiment with leads to get new clients. Leads are how realtors get clients; many try out different forms, such as advertisements (billboards, bench ads, bus ads, radio, newsprint, etc.), social media, flyers, etc.
  6. They have a great circle around them. What this means is that they network – not only just for new clients, but also for potential business partners. Realtors develop relationships with contractors, appraisers, lenders, insurance providers, etc. Their suggestions often make things easier for clients who need the help/professional advice of such an individual.

 

rental house

What You Will Need to Know from Potential Tenants

Choosing the right tenant for your property can, at times, be stressful. But the task is made so much easier if you’re prepared and know what to look for in each individual. Here are some things you’ll need to know from potential renters.

  1. When they plan on moving in. This depends on how soon you would like a tenant to move in; if they’re not planning on moving for another three months, you may want to hold out and wait for someone who is ready to move in much sooner.
  2. If they’re able to pay move-in costs after signing the lease. Let them know you require first month’s rent and a security deposit, followed by what the amount will be. If they’re prepared to pay as soon as the lease is signed, continue with the process. If they’re hesitant and ask about payment plans, consider this to be a red flag. Chances are, you will have difficulties getting the full payment on time. If they say they don’t have the money “right now,” move on to the next candidate.
  3. If they have pets. This depends on whether you have a no pet policy or if you only allow certain types of pets. You can use this moment to explain your policy and if you have any pet fees.
  4. If they’re able to pass a background check, as well as a credit check. You can show the place to them, but you’ll need to inform them that an application and a check will be required before they can rent the property. If you’re charging a fee for this, tell them the amount.
  5. Why they’re leaving their current residence. Some may say, “Well, it’s because I don’t get along with my landlord.” Or, “My lease was terminated.” If this is the case, contact the landlord to determine why this tenant is trying to leave. This will give you an idea of what to expect, should they rent from you.