Don't Sell Without An Agent

5 Reasons Selling Without an Agent is a Bad Idea

 Do-it-yourself projects are in vogue these days. You can find advice online for everything from investing in crypto-currency to tearing down the living room wall. When considering the cost of moving, it’s natural to wonder if real estate commissions are one way to save money, but it would be a mistake. A good real estate agent might make it seem easy, but the fact is that selling your own home could actually cost you thousands of dollars. 

 5 Reasons You Shouldn’t Sell Your Home without an Agent  

1. The Safety of Your Home and Family is a Priority – Real Estate agents control access to your home. 

 2. Most Serious Buyers Start their Search Online – A professional listing area will market your home aggressively online, which is where the buyers are searching.

  3. The Buyer Might not be Qualified – A real estate agent knows how to qualify a buyer and what to look for with lender letters. Selling your home on your own risks wasted time with an unqualified buyer.

  4. You Don’t Know How to Negotiate Properly – Every aspect of a real estate transaction is negotiable; you don’t have the experience to know what to negotiate to get the best deal.  

5. You Could Expose Yourself to Liability – Required disclosures and paperwork for a home sale is extensive; unless you plan to use an attorney, you could miss critical disclosures and expose yourself to financial harm. 

 Finally, more often than not, sellers net more when they use an agent than when they try to do it themselves. In addition to selling faster, a professional agent knows how to properly price and promote your home, ensuring you get the best possible sales price and terms.

Appraisals Explained

Appraisals Explained

Appraisals are one of the most confusing aspects of buying or selling real estate for the consumer. Is the value of your home what you and the seller just agreed on? When a buyer and seller agree on a sales price, it can be frustrating to hear that the appraisal came in with a value too low. It’s not enough for the principals to agree to the price, the appraisal is the lender’s way to ensure they are not loaning money over the actual market value of the property.

What does the appraisal cost and who pays for it?
While your lender will typically arrange for an appraisal, the buyer is ultimately responsible for the cost. Don't let this cost stop you from making offers: The home appraisal will only occur after your offer has been accepted by the seller and you have begun to work with a lender to finance your new home. You do not need to complete appraisals on every house you choose to bid on. 

 The appraised value is reached by a licensed professional who looks at the real estate market in which the target property is located. In most residential property transactions you are able to choose your real estate agent and your lender, but you cannot choose your appraiser. Instead the appraiser must be chosen by your lender to provide a level of independence from the buyer and seller. 

 They start with the target property and then look for recent sales in the area of comparable properties. These comparable properties will be located within a short distance of the target home, normally within a 5 mile radius. They should also be of comparable size and often fall within the same housing development.

 Once these homes are identified, the appraiser will adjust for the specific differences. For instance, does the target home have an upgraded kitchen or swimming pool? They add or subtract value based on such things as location, view, lot size, upgrades, additions, condition and many other factors. They can then arrive at a valuation for the target home.

 Once the appraisal has been completed, the lender is notified of the value. At this point, the loan amount is either confirmed or declined. If the appraisal comes in too low, the principals can choose to make up the difference in sales price, lower the sales price or cancel the transaction.

 What is the difference between an Appraisal and a Home Inspection? Although the home appraisal may seem similar to the home inspection, the goals of these two processes are very different. 

• The Appraiser determines the value of the home
• The Inspector determines any repairs needed, and their potential cost.

 Appraisals are not as complicated as they appear. By learning about recent sales in your area ahead of time, you can price your home appropriately up front with me; then the appraisal should come back as expected. 

If you have further questions about appraisals or your homes value please email me or call. I'm happy to give free home evaluations. 

Your Home-Your Neighborhood- My Priority

It's Time To Winterize

1. Doors and Windows- Is cold air sneaking into your home through your doors and windows? You can make sure that all the weatherstripping is in place and you could even help by purchasing draft stoppers. Caulking your windows or purchase a plastic window insulation kit to keep out the cold chill.

2. Gutters-Cleaning your gutters before winter sets in helps by having a combined build up of leaves, heavy ice/snow causing unwanted damage. It is always a good idea to routinely check the build up in your gutters on your home so the water can flow quickly.

3. Flip Ceiling Fan Blades-YES! This helps! By simply switching your ceiling fan blades to run clockwise will push the warmer air down to the ground, saving you a little bit of extra money on that heating bill. 

4. Change Furnace Filters-During the heating season it's important to change out your dirty filters. If they are not changed out regularly it can restrict airflow and increase your energy demand.

5.Protecting your Pipes-To minimize the possibility of water freezing in your plumbing pipes, wrap each pipe in a blanket of foam insulation.

6.Turn off Exterior Faucets- Undrained water in pipes can freeze, which will cause pipes to burst as the ice expands, start by disconnecting garden hoses and draining the water that remains in faucet. An added protection is purchasing a Faucet Cover.

Almost two thirds of American Adults live in a home that needs weatherization. Among the people who do weatherize their home 54% do it to save money on their energy bills. 44% do it to make the temperature in their home more comfortable and 22% do it to be energy efficient. Whatever your reasoning is it's best to be prepared for a cold winter and prepare your home before the snow and ice begin to fall. Your home will thank you and so will your wallet.