Alan Shafran Real Estate Blog

  house offer price

 

Manipulating your home’s selling price will take some work, and usually some money. But time and again, these proven strategies make a big difference in final sales prices. Try a few, then prepare to do a victory dance on the big day you get your offer(s).

Tactic 1: Bite the bullet and make smart upgrades

Yes, overall renovations to your home will nudge up the price, although not always as much as you might hope: According to Remodeling magazine’s 2016 Cost vs. value Report, you’ll get back an average of 64% on whatever upgrades you paid for. But that ROI varies widely based on what type of improvement you do. The most profitable upgrade is—drum roll—insulating your attic. It may not be all that sexy, but you’ll recoup 116.9% of your

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Myth No. 1: The first step is looking for a house

Perhaps you just want to get a feel for the area. You know, have something in mind before you sit down with an agent. I mean, you’re not really looking yet, right?

Stop right there. Even if you think you’re just browsing, you run the risk of setting your heart on something, only to have it broken.

A buyer might be viewing homes that are in a higher or lower price range than what they are qualified for.

Browsing is always fun, but when it comes to serious home-buying work, you need to make sure your credit is in top-notch shape before you get started for real. Also, don’t forget to get pre-approved for a mortgage before you embark on your home-buying journey. This will determine

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time-to-sell

Paul Bradbury/Getty Images

Most people don’t plan on living in their first (or second or maybe even third) home forever, but knowing when the time is right to put that baby on the market can be tricky.

In fact, it can feel kind of like breaking up with a longtime boyfriend or girlfriend. Deep down, you knew you wouldn’t be with that person forever—but ending things can be way easier said than done.

Sometimes life changes force the issue: There’s little reason for self-doubt or trauma-level angst if you’re relocating to another state or you know your newborn twins won’t fit in your one-bedroom bungalow. But without a pressing reason staring you in the face, it can be hard to know when you’ve outgrown your home.

So how do you know when it’s

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Image result for home buying

With real estate inventory still tight in many markets around the country, home buyers need an edge, and that’s where off-market listings come in. Otherwise known as "pocket listings". These are homes that are for sale but aren’t listed on the multiple listing services. That means the real estate agents selling these properties have to do the legwork to find buyers.

Off-market listings may seem counter-intuitive to the seller. This all poses the question why would a seller want to do a secret listing? Some opt for an off-market listing to test the waters while others go this route for a more private sales process. 

Buyers Get An Edge Over The Competition

For buyers, the benefits of an off-market

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worst-advice


You’ve made the monumental decision to sell your house. Congrats! Now brace yourself for the onslaught of “been there, done that, you must do this” advice. It pours forth from just about everyone who’s ever bought a house, sold a house, or binge-watched three straight seasons of “Love It or List It.”

Let us give you our own little piece of advice: Don’t take everyone’s advice! While friends, family, and the occasional stranger love to wax poetic on how to best sell a home, their 2 cents could end up costing you a bundle.

To make sure you sell your home without a hitch, we’ve compiled these examples of the worst home-selling advice you might hear, and why they could ruin your chances. Beware!

‘Sell your home only in the spring or summer’

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  house shape on clock face  

You’ve turned on (and hopefully off) at least 20 water faucets and peered into about 50 closets (oh, the things you’ve seen!). And now, at long last, you’ve found the perfect home. So you make an offer, which is accepted. Congrats. Now, exactly how long does it take to close on a house?

Read on to get the gist of your closing timeline, plus what can slow things down—or speed things up.

Home buyers should also use this time to complete their due diligence by reviewing the property title and completing a home inspection. This chunk of time also gives both the seller and buyer time to plan their move.

What can slow down a closing?

Even though a property is under contract, the occasional hitch can make closing time go from warp

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When you’re thinking about buying your first home, it might seem like it’s all about the down payment. You save for years to have it, and you base a good portion of your home-buying budget on it.

Next comes the mortgage. How much will you owe each month in principal, interest, taxes, and insurance? How does that compare with how much you currently pay as a renter

If you’ve figured out how to tackle those two huge expenses, you might think you have it made in the shade. With lemonade! But the hard truth is that those are far from the only expenses you’ll incur when you buy a house.

In fact, there are lots of hidden costs to anticipate. These fees might affect your overall budget, timeline for buying, and what kind of home you want to

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What is Down Payment Protection?

Down Payment Protection protects up to the full amount of the homebuyer's initial down payment, in the even of a loss.

Th Your investment in your home will most likely be the largest investment you will ever make, so any measures to reduce the risk deserve careful attention. This means that a major decline in your home value could wipe out your owners equity leaving you with more to owe than you home is worth. However, homebuyers are now able to buy insurance to protect their down payments in the event they sell their home at a loss.

Much like title insurance protects the lender, this product promises to reimburse homebuyers for their fully downpayment should they want to sell their new home for any reason

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#1 - Not Being Realistic About Your Home's Value - Find Out Your Home Value Here

What you think your home is worth and the price you can actually sell it for are often two very different numbers. Even in markets where the inventory is tight, sellers need to be careful not to get too greedy when picking a listing price. Properties that are overpriced at the outset tend to eventually sell at a lower price than they would have if they'd been appropriately price in the first place. Choose a reasonable price, based on factors like how much comparable properties and be sure to get a professional opinion from The Alan Shafran Group.

 

#2 - Refusing to Tidy Up Before Listing

Clutter eats equity and kills deals. Create a sense of

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8 Common Mistakes to Avoid to Ensure Your Home Purchase is a Positive Experience

 

#1 - Not Being Completely Clear About Your Financing

The most common mistake occurs before you even begin the home search. It is a BIG mistake not to be pre-qualified by your bank or a mortgage specialist. This will help you define the price range you can afford.

Some buyers feel that they are very aware of their financial situation. However, a qualified mortgage specialist will gather your information in complete confidence and put that information into perspective for you. Many times your mortgage specialist will find hidden opportunities that you may not be aware of.

Even more importantly is to be sure that your mortgage specialist and your agent work

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