2019 Can Cost You Ten's of Thousands

"I'll hold off buying a home until next year." If you've thought of purchasing a home, but don't want to deal with the process now, you've probably had this thought cross your mind a time or two. A pretty common tendency to hold off things on our to-do list, especially the ones that seem like a lot of work. But would you hold off the task if I told you that waiting could make a difference of tens of thousands of dollars? Meaning it could cost you a $10,000-$50,000 (or more) difference to get the home you want today, in 2019's market.

It's anticipated, by the national historical trend report, that homes are on the rise by over 5% each year. That house you've been eyeing online, listed for $225,000, could be listed next year for $236,250. That is over $10,000 more just for waiting till 2019. This isn't even bringing into question the rising APR rates for mortgages, that can increase your monthly payment amount on a home pretty significantly, as well.

I get it, the home buying process can seem pretty intimidating. But with an experienced agent on your side, it can go pretty smoothly. Let's get in touch. It won't hurt to connect you with a preferred lender and run the numbers through to see what you qualify for. The right time is always right now, I want to help you save the money you deserve to keep, by avoiding the wait.

Residential Property Disclosures

Residential Property Disclosures

When selling your home, you're obligated, by law, to disclose certain information about your property.

 Most states require that all sellers complete a written property disclosure form. Majority of the forms have a required set of questions that must be answered.

THE BASICS

Most states require sellers to complete this form when listing for sale. Nearly all of the questions are a basic yes/no/unknown response. The questions will address material facts, major defects, special disclosures, and federal disclosures. All forms vary by state and require different information.

MATERIAL FACTS

These include the age of the property, it's condition, known problems, and defects. These are all of the information that would influence a buyer's decision to purchase your home. These disclosures require you to address known defects, things that are reasonably apparent, to ensure you don't knowingly hide a major defect.

MAJOR DEFECTS

All major defects MUST be disclosed. For instance, fire or flood damage. If your home's electrical system isn't up to code, and you're aware of this, it must be shared with potential buyers. Repairs you have completed, as well as improvements and upgrades, should be noted as well.

Since all states have varying federal and special disclosure laws, it's imperative that you reach out to a local real estate agent or in the Illinois Tri-State Area I’m happy to assist you to get assistance with the sale of your home. I will have a copy of the required disclosures and can assist you to ensure you don't find yourself in hot water, legally, if an important disclosure isn't shared with buyers.

If you have any questions with any forms or questions about how to get started selling your home please reach out and I am happy to happy with any questions you have. 

FALL LEAVES BRINGS SOLD SIGNS!

FALL LEAVES BRINGS SOLD SIGNS!

Summer has come to an end and you probably are thinking you've lost the opportunity to sell and need to wait till next summer. But that's far from the truth! Although it's not as hectic and crazy with the swarm of buyers on the market, the fall season brings out the most serious of lookers. They are the pool of buyers that waited out the summer frenzy to find their perfect home in the fall, and you don't want to miss these buyers! They are ready to make a move, today! And selling in a slower period does not equate to less money. That's a misconception that home owners have based on untrue data that floats around. With ME, and your home being priced correctly, you can get a great deal selling your home during the fall season. And might actually prefer it.

Here are the top 3 benefits to listing during the fall season:

1.   Serious Buyers - Let's be honest, if buyers are out during the busy season, looking for homes, they are serious and ready to buy. Although the summer brings in a large crowd, that crowd contains a lot of people that are excited by the season and fall into the "trend" of house hunting. These people end up not really being serious about the process and tend to hold off for another time. If people are investing time to look during the fall season, they are more likely to be interested in actually buying your home, instead of touring it.

2.   Less Competition - Selling in the fall isn't something many families can accomplish due to personal schedules. That's why a significant amount of homes get listed during the summer season. Which means that summer time brings in a lot of competition. Selling in the fall means the potential house next door that has slightly more perks that may have been listed during the summer, doesn't make your home sit stagnant, since everyone wanted your neighbor's house. It also doesn't devalue your home because of the house that could go up next door that could be underpriced in your neighborhood and draw all of the attention. With a slower season, you get dedicated attention to your property, which increases the chance of a sale.

3.   Easier to Find Your Dream Home - Not only do you get to benefit from a slower season during the selling process, but you can also benefit on the buying side. With less competition on your dream house, you can get a better deal. The summer brings a lot of missed opportunities for buyers on their dream homes, because they go off the market instantly. This will give you the opportunity to get your home on the market and take your time to find the right one to resize into. A much calmer pace to the transaction will make it less stressful, and everyone all around happier. Don't feel rushed into buying a home overnight during the summer, it could turn into a headache. If you want a far more peaceful transaction, that has calmer pace, then selling during the fall is perfect for you.

Don't let your dreams come to an end just because summer has, contact me today to find out how to get your home of your dreams listed or get your home priced right to sell on the market today.