Why Baby Boomers Should Consider Selling Larger Homes

There are a lot of baby boomers who are at the point where they want to retire. Unfortunately, statistics show that many of them do not have substantial savings set aside. The one thing that is helping baby boomers is the equity they have in their homes.

Thankfully, they purchased their homes decades ago when the price of homes was much lower. Now, there is a high demand for homes. With careful financial planning, they can sell their homes quickly for a substantial amount of money and use that money as part of their retirement.

Some Benefits of Downsizing

When baby boomers purchased their homes, they did so looking for ample space to grow their families. Now, their families have moved on…

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3 Reasons Why You Should Sell Your House Now

Because of the pandemic, your plans of moving into a new home may have been put on hold. Thankfully, with the vaccines finally being administered, it’s time to start focusing on getting your life back on track. Though the pandemic has thrown things out of balance, there are a few positives to come out of it. For instance, the real estate market isn’t as booming as it once was, which makes selling your house easier. 

If you’re still on the fence about selling, here are three reasons why now is a good time to sell your house. 

1. The Demand Is High for Single-Family Homes

If you live in a single-family home, you’re bound to have more than your fair share of offers. This is because single-family homes…

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5 Ways COVID-19 Is Affecting the Current Real Estate Market

Every part of the economy has been affected by the ongoing COVID-19 pandemic. The real estate market is no exception. Here are five ways that the pandemic has affected all participants in real estate, including real estate agents, buyers and sellers.

1. Hesitancy of Sellers

Sellers have been hesitant to put their homes on the market. This has led to a sharp drop in existing home inventory. The low supply has created a new challenge in the real estate market. At the same time, construction of new housing units dropped, which contributed to the low inventory problem. The United States overall has about a 30-day supply of homes for sale. A 90-day supply is considered optimal.

2. Fewer…

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6 Tips to Stage Your Home for a Fast Sale

If you're going to put your house on the market, it's because you want it to sell quickly and are hoping to get your asking price for it. The way you stage your home will do a lot to improve your results. The following are some tips and tricks that can help you sell your home fast.

1. Improve Curb Appeal

This is advice you hear frequently. People will typically do a drive-by of your home before touring the inside. Based on what they see on the outside will determine if it's worth their time to look inside.

You can improve the curb appeal by power washing the walkways and siding. Make sure the house numbers are visible and easy to read. Plant attractive flowers, mow the lawn, and wash the windows. Stain…

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4 Tips for Selling Your Home During the COVID-19 Pandemic

Real estate activity plummeted after the COVID-19 pandemic first came around in March 2020. Although the market has since shown signs of recovery, many would-be homebuyers are taking precautions to guard their families against the coronavirus. Tasked with selling a home, taking precautions of your own can improve your chances of making a sale. These tips will improve your ability to move a home during the COVID-19 pandemic.

1. Make Sanitation-Friendly Goodie Bags

Goodie bags aren't just for kids. Although sanitation products won't bring the same joy as candy, they will give them comfort. At minimum, include face masks and alcohol-based hand sanitizer. Consider adding other items such as…

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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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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 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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The Advantages of Working With a Home Appraisal

Home appraisals have long been considered an integral part of the home-buying process. The appraisal makes sure that the buyer is paying a fair price, and the appraisal protects the mortgage company against losses.

Still, for all of their benefits, appraisals can feel like an added stress. The buyer needs to spend money on the appraisal, and the seller is worried that the appraisal will come back for less than what they feel the home is worth.

Changes to the Laws on Appraisals 

Changes have been made to how appraisals are done. Government agencies have made rules saying that home appraisals are not required for a home that sells for under $400,000. That being said, most major lenders will still…

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