4 Ways to Sell Your House for the Most Money

Your home is the biggest source of wealth you likely have. It gives you the potential to reap major financial rewards. However, those rewards can only be yours if you know how to market and sell your home at the best possible price.

Selling a house for the most money is challenging. However, if you do your due diligence and learn from trained real estate agents, the process can become drastically easier. Here are a few things to think about if you want to sell your property at the highest possible price.

1. Know the Local Market

The housing market is in constant flux. This flux is seen on a national level, state level, and local level. It is unwise for you to think that market conditions will stay…

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How to Read a Property Purchase Agreement Like a Pro

Buying property can be a time consuming and stressful task. However, with the right knowledge of all the legal terms in purchase agreements, you can go through it in the blink of an eye. As a novice investor, you have to be aware of what is essential to look at in a property sale agreement. Ravi Goenka, an advocate at Goenka Law Associates, warns that the property purchase agreement is a contract that highlights a lot of crucial decisions you have to consider to close the deal, including timing, price, and conditions.

Parties Section

A purchase agreement has to identify the buyer and seller in writing. Information on the address, tax identification, and lot number of the home are also included…

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4 Signs That Now Is a Good Time to Sell

You will hear people say it is a buyer's market or a seller's market. However, things are usually not that cut and dry. It could be a seller's market on one side of the city and a buyer's market on the other side.

Market conditions vary by the type of home being sold. For example, a single-family home might be sought after by an investor who wants to use it as a rental property. In the same area, commercial real estate may be difficult to sell. The following are a few factors you can consider when determining if now is the right time to sell.

1. Look at the Inventory

When the market is balanced, which means a market that does not favor the buyer or the seller, there is typically six months of inventory…

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5 Questions to Ask the Seller When Buying a Property

Buying a piece of property is a big investment. If you have plans for it, you'll need to ask the seller some specific questions before proceeding with the transaction. The ability to make an informed decision will give you peace of mind and confidence in making the purchase of a property.

1. What Type of Zoning Does It Have?

When you're buying a single-family home, the zoning is clearly residential. However, if you're purchasing a property with no structures, you'll need to know if it's zoned for residential use, commercial use or a mix of these. The zoning will specify how you can use the property and what type of structure you can build on it.

2. Where Is the Property Line?

Before you…

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4 Things to Do Immediately After Buying a Property

As soon as you've signed your name on the paperwork to become the new owner of a property, your business isn't done. You'll still need to handle a lot of administrative tasks to protect yourself, your property and your rights as a property owner. Follow this list of four things to do immediately after acquiring a property.

1. Obtain Insurance

No matter what type of property you've just purchased, you need to insure it. Property owner's insurance provides you with liability coverage if someone gets hurt while on your property. If they were to file a lawsuit, and you didn't have insurance, they could come after your personal assets. Those assets include the property you just purchased. Homeowner's…

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5 Not-So-Obvious Things People Ignore When Selling a Home

Selling a home is not always a walk in the park. Markets can be demanding, and at times, you may feel overwhelmed by the task. The commonly overlooked mistakes sellers tend to make cost them both in the final sale price and time their property stays on the market. If you want to sell your home at a reasonable price and fast, ensure you do not miss these essential items on your itinerary list.

1. Cancellation of Current Utility and Internet Services

You would assume it is pretty straightforward. However, when selling your home, you have to be on top of switching your utility bills. Switch over your electric, phone, gas, water, cable, and internet service bills, or else you might find…

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Understanding Escrow When Buying or Selling a Home

When you buy or sell a home, there are several steps to the real estate transaction. Escrow is the period of time between when you sign a contingent agreement and when you close on the home. Escrow can also refer to a sum of money that a buyer places with the lender in good faith for completing the transaction. Escrow agents handle the escrow process. Whether you're the buyer or the seller, it's important to know the pros and cons of using escrow for the real estate transaction.

Escrow Instead of a Title Agent

You can use escrow in lieu of a title agent. A seller can choose this method of closing the purchase of a home. The escrow agent will prepare the title and deed. The escrow agent is…

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Factors to Consider Before Purchasing a Home Warranty

A home warranty is a contract that covers the cost of maintaining or replacing systems in the home for a predetermined amount of time. For example, a home warranty may cover repairing or replacing an air conditioning unit, a heating unit, or appliances in the home. A home warranty and home insurance are two completely different things.

Where Do You Get a Home Warranty?

If you purchase a newly constructed home, the systems and appliances in your home are likely covered by a builder’s warranty. A builder’s warranty is going to cover the same things that a home warranty will cover.

The seller might buy a home warranty for the buyer. This is a perk to encourage the buyer to purchase the…

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How to Visit an Open House During the COVID-19 Pandemic

When you're planning to buy a house, the best way to get a feel for the space, its flow and its size is to go there and see it for yourself. The home-buying process has changed because of the COVID-19 pandemic. Traditional open houses that attract a crowd of people aren't possible for now, so buyers, sellers and real estate agents have had to change the process of home tours and showings. Use these tips to navigate and plan for open houses while the COVID-19 pandemic continues.

Arrange a Real-Time Tour Conducted by the Agent

Just like you can make a private online shopping appointment with a small business, you could arrange a private online tour with a real estate agent. This would allow…

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4 Tips for Making an Offer That No Homeowner Could Refuse

In the real estate market, sellers readily turn down purchase offers. Seasoned negotiators use several strategies to sweeten offers to buy homes. Rather than letting your dream home get away, use these four tools to win over private sellers and real estate agents. 

1. Seek Pre-Approval for a Mortgage

While some people can afford homes without debt, most people get mortgages to buy homes. According to Zillow, more than 60% of American homeowners have mortgage debt. Real estate agents and private homeowners expect offers to come from prospective buyers with mortgage offers.

Even if you've received a quote from a loan officer, your mortgage might not be approved. Sellers would rather…

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