3 Things Inspectors Check in a Home Inspection

3 Things Inspectors Check in a Home Inspection   The three areas that inspectors typically check during home inspections. Do you know what things a home inspector looks for when they visit a property? Home inspectors will investigate every nook and cranny from the foundation to the roof to find anything that might affect the property’s value. Here are the main things that they will check: 1. Roof. Inspectors look for leaks, damaged or missing shingles, and moss growth. They also look for any problems with the flashing, gutters, vents, attic ventilation, and skylights, if your home has them. Make sure everything is watertight to avoid any major issues. “Home inspections reveal the current condition of the home.” 2. Structure. The foundation of the home should be solid and be able to stand the test of time. The inspector will usually check for cracks in the foundation or water damage to the siding or supports. 3. Utilities. The HVAC, filtration, plumbing, and electrical systems will all be thoroughly inspected to make sure they are all working properly and have no safety compromises. If they’re damaged or faulty, you should find out how much it costs to repair or replace them. Depending on the age of the home, this can be a scary report, but take note of these areas and keep them in working order because the results of the inspection can influence your final price. Your Realtor is also there to help you understand the report and negotiate any repairs. If you have any questions, feel free to reach out to me by phone or email. I look forward to hearing from you!   Written by Ruby Miranda on April 27, 2023. Posted in Sell Your HomeTags: Home Inspections, Sell Your Home 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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What Sellers Need To Know About Appraisals

What Sellers Need To Know About Appraisals   Answering three common questions about appraisals to prepare sellers. Are you thinking about selling your home? If so, how exciting! This process means a fresh start and new beginnings. However, before you list your property, it is important that you completely understand appraisals. An appraisal is an opinion of value, where an expert appraiser will come to your house and estimate how much it is worth. They will provide a written report based on their inspection of pertinent information that determines your home’s value. This could greatly affect the success and price point of your sale, so it is crucial to be prepared. Here are three common appraisal questions and their answers:  1. What are appraisers looking for? They consider a wide variety of factors, like the floorplan, quality of construction, finishes, number of bedrooms, and square footage. They will compare your home to the listing to make sure the features are accurate. Also, they’ll take note of any upgrades that have been made to the house and if there were the proper permits for them, so make sure you have all of that in order beforehand. Last, they will be looking at comparable home sales in your area. 2. Why does an appraisal gap occur, and what should I do if it happens? Home prices are rising rapidly, which increases the likelihood of appraisal gaps. That happens when the value the appraiser provides is less than the agreed-upon price. There are several things you can do if this happens, so make sure you have a professional on your side to guide you through your options.  “Make sure you have a professional on your side to guide you through your appraisal process.” 3. Should I get a pre-appraisal done? This is when sellers get an appraiser to look at their home before they list. I understand why people might think to do this, but I wouldn’t recommend it. First, the appraisal is normally seen as the buyer’s responsibility since it is typically a requirement for them to get a loan. Also, some lenders won’t even accept the appraisal you get because they’ll want it to be done by someone they deem as an impartial third party. Selling your home can be expensive, so you don’t want to pay for things that are unnecessary. Appraisals can be a confusing part of the process for many people, so don’t hesitate to ask me any questions that you have. Call or email me anytime; I am here to be your real estate resource. I look forward to helping you through the selling process!   Written by Ruby Miranda on March 30, 2023. Posted in Home Appraisals, Sell Your HomeTags: appraisals, home sellers Trackback from your site. Leave a Reply

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