Election years often bring a bit of uncertainty to the real estate market. Many buyers and sellers tend to take a “wait and see” approach, watching for potential changes before making major decisions. Now that the election is behind us, attention is shifting to the factors that will shape the market moving forward—most notably, interest […]
Putting on the Perfect Showing
As you prepare for potential buyers to visit, here are a few tips to ensure your home makes the best impression during showings: Clean and Tidy – Ensure your home is spotless and clutter-free. Light and Bright – Open curtains and turn on all lights to create a welcoming atmosphere. Neutralize – Remove personal items […]
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What you Need to Submit an Offer
Do you see a home that you would like to submit an offer on? Here is what you need to submit an offer: – Purchase agreement – A pre-approval letter or proof of funds – Earnest money deposit – Down-payment – A list of terms including the price Part of our job is writing and […]
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What is Encumbrance: Understanding Real Estate Vocabulary
Encumbrance is a claim on a property. This could take form of a mortgage, an easement (right to the use of/access to land owned by another), or a lien (a claim to the property for payment of a debt).
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What is a Short-Sale: Understanding Real Estate Vocabulary
This is a transaction where the lender(s) agree to accept less money for the sale of the home than is still owed by the homeowner on the mortgage. Though a short-sale may be better than a foreclosure for both parties, the homeowner will still experience damage to their credit score and walk away without making […]
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What is a Contract-for-Deed: Understanding Real Estate Vocabulary
This is a special type of real estate contract where the seller of the home acts as the loan lender too, providing funds for the buyer to purchase the property at the agreed price and repay it in installments. This can be a more common financing option for property transactions between family members and friends.
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What is Underwriting: Understanding Real Estate Vocabulary
This is the process that involves evaluating the property, the borrowers credit, and their ability to pay the mortgage. Simply put, it is the process used to determine loan eligibility and approval. Underwriting guidelines vary loan program to loan program. The borrow and property will need to meet certain guidelines that go along with […]
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Setting your house up for success
When getting ready to put your property on the market, It’s important that we are set up for success. Here is a story about how we took a house with some challenges and made sure its shortcomings didn’t derail a possible sale. A short time ago, we took on a listing with a very odd […]
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Maximizing your Sales Price
As you prepare to sell your home, I wanted to share some key strategies that can help you maximize your sales price. Selling a property is a significant undertaking, and getting the best possible price requires careful planning and execution. Here are some effective tips to ensure you achieve the highest return on your investment: […]
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Upcoming Changes to the Real Estate Industry: NAR Settlement Update
Starting on August 17th, new practices resulting from the National Association of Realtors (NAR) settlement will take effect. Here are the two main changes that you should be aware of: – A buyer’s agent’s compensation for selling a house listed on the Multiple Listing Service (MLS) will no longer be advertised on the MLS, the […]
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