Pricing Your Home Right the First Time: 3 Tips

Pricing Your Home Right the First Time: 3 Tips   Getting the right price for your home comes down to these three tips. The real estate market is an ever-changing thing. One day, prices are up, and the very next day, everything has reversed on you. Over the last few years especially, with turbulent markets and economic confusion, the real estate market has become increasingly dynamic. In this era of constant fluctuation, how will you know how much your home is worth? There are three things that you need to know: 1. Use the right tools. Online estimators are a great way to get a very rough estimate of where your home’s value is likely to sit. These are best accessed directly through your preferred real estate agent’s website. While they aren’t perfect, these tools can give you a general idea of your home’s value. “The real estate market has become increasingly dynamic.” 2. Use more recent comps. In the past, it was common to use comparative home sales from the prior six months. Now, more than ever, it’s important to use comps that are as recent as possible. In 2022, we saw mortgage interest rates double in six months, and home sales prices responded accordingly, which means that six-month-old comps just didn’t cut it. A trained, experienced, and skilled real estate agent like me will know what comps to draw from when determining the right price for your home. 3. Work with the right team. No matter how well you do your homework, nothing beats working with a professional. We have the experience and training to know how to price your home right the first time. We know what amenities and upgrades can net you the best dollar-for-dollar return and how to beat out the competition with the right marketing plan. If you have any questions about this topic or real estate in general, don’t hesitate to call or email me. I would be delighted to serve as your resource for all of your real estate needs.   Written by Ruby Miranda on June 9, 2023. Posted in Sell Your Home, Seller TipsTags: Sell Your Home Trackback from your site. Leave a Reply

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A Seller’s Guide to Home Sale Documentation

A Seller’s Guide to Home Sale Documentation   Selling a home requires a ton of paperwork, so make sure you’re prepared. Are you looking to sell a home? At times, it may seem like you are adrift on an endless sea of paperwork. So many documents are required during the sale of a home that it can be confusing and worrisome. It’s easy to become overwhelmed, which is why I’ve put together this brief primer to help you navigate the process. This isn’t an exhaustive list of all the documents you might need during a sale, but it should help you get the ball rolling. 1. Pre-listing paperwork. This is possibly the most paperwork-intensive portion of the process. Put simply, this is when you need to gather all of the documentation for your ownership of the property and any changes you’ve made. This might include things like the title or deed, receipts and other documents for recent improvements, warranties and other information regarding your appliances, and any records relating to an HOA or other agreements. The disclosures and documentation required by a seller can vary widely depending on your specific situation and location, so be sure to connect with a trusted, local real estate agent like me to help you with gathering these documents. 2. Listing paperwork. This one is a lot easier for the homeowner. This will include things like a title check, disclosure paperwork, and a listing agreement. Much of this paperwork should have been gathered before listing, and some of it will be the responsibility of your real estate agent. Be sure to work closely with your agent to make sure that you have all of the necessary documents. “The right agent can help you identify, find, generate, or apply for all of the necessary documents.” 3. The offer and closing paperwork. This is another step in the process that is heavy on documentation. Much of it will be included in the prior steps, but you’ll also need new things like the purchase offer, appraisals, and inspections. You’ll already have some of this paperwork, you’ll receive some of it during the selling process, and other parts will be generated by your real estate agent and the mortgage companies. The most important things you’ll want to have on hand during this process are your identification and the deed to the home. As I said before, this is not a complete list of the paperwork you’ll need. Plus, your specific city, county, and state might have different requirements. If you’re feeling overwhelmed, remember that this is why you need a trusted, local real estate agent like me on your side. We’re experts in the buying and selling process, and we can help you identify, find, generate, or apply for all of the necessary documents that you will need for your specific sale. If you’re getting ready to sail the sea of paperwork required for a successful home sale, reach out to me. Call or email me anytime, as I am ready and waiting to help you with all of your real estate needs.   Written by Ruby Miranda on May 11, 2023. Posted in Seller Tips, UncategorizedTags: selling Trackback from your site. Leave a Reply  

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Calculating How Much You Keep After Your Sale

Calculating How Much You Keep After Your Sale   How to calculate the amount of money you’ll keep after your home sale. The market has been changing lately, and many people have been wondering if it’s a good time to sell their homes. If that is you, one factor that will help you make that decision is knowing how much money you’ll get to keep after you sell. Too many people oversimplify this estimate and end up disappointed. I want to help you avoid that.  Start by using a home value estimate calculator. You can access mine here. This is a free tool that shows you an estimate of how much your home is worth. This is not a guarantee, so know that numbers will fluctuate. However, this will at least help you get a good ballpark figure to start with.  After that, figuring out how much of the money from your home sale that you’ll get to keep is about more than just subtracting your remaining mortgage loan balance from the sales price. Many homeowners have unrealistic expectations because they don’t know how to calculate their net proceeds. That is the amount of money you receive from selling a home, after the expenses. It’s crucial to factor in the expenses of a home sale.  “A good agent will help you know what to expect with your net proceeds.” Here is an important calculation to use: take your home’s estimated sales price, then subtract the balance of your remaining mortgage loan, then subtract expenses—that’s how much money you’ll get to keep when selling your home.  Some common expenses that come with a home sale include staging costs, closing costs, title fees, attorney fees, transfer taxes, remaining bills, and moving costs. It adds up! That’s why it is very important to take them into account when calculating the amount of money you expect to keep after your sale.  However, know that there are ways to reduce those expenses. If you’re handy, you can DIY projects when possible. You could consider cost-effective staging, and get a professional opinion on what changes will actually make a difference in your final sales price. Lastly, it will benefit you to have help from an agent that is an experienced professional. Having a good agent will help you sell your home for the most money possible and greatly increase your net proceeds.  I want you to be able to keep a lot of money after selling your home. If you want my help with selling, or if you have any questions, don’t hesitate to reach out! I look forward to hearing from you.   Written by Ruby Miranda on April 14, 2023. Posted in Sell Your Home, Seller Tips, UncategorizedTags: net proceeds, Sell Your Home Trackback from your site.   Leave a Reply

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