Real Estate Blog

house_nikolaichuk_450realtor.com - There are a lot of things you can’t control in the home-selling process. You can’t force people to come see your home or make an offer on it. But you can make sure to take care of some easy repairs that would otherwise turn off prospective buyers. Look around and make sure you haven’t ignored any of these 10 repairs that can make a buyer think twice about your asking price.

1. Paint colors that just don’t blend in

2. A front door that’s not inviting

3. A busted doorbell

4. Tattered window and door screens

5. Depressing landscaping

To read about the other 5 things to fix and help your homes value, click the related link below:

 

Photo:  ©[Nikolai Chuk]/123RF.COM

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bank__olegdoroshin_450zillow.com - The good news about shopping for mortgages is that you have lots of options. Here’s a look at one of the many questions you’ll have to consider: Is an adjustable rate or fixed rate mortgage best for you?

Many home buyers focus on finding the lowest mortgage rate at the time they’re buying their home, and a five-year adjustable rate mortgage (ARM) often looks quite appealing to them. But it’s important to understand that an ARM rate adjusts at the end of the initial term. For example, a five-year ARM only has a fixed rate for the first five years; then the rate adjusts once per year for the next 25 years. This could be a good option if you plan to be in the home less than five years.

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houseonmoney__voronin76_450realtor.com - Home prices are up. Mortgage rates are low. Housing supply is stretched thin. Suffice it to say—it’s a tight market.

And in a tight market, the conventional wisdom is to price your house a little lower than its actual value, in the hopes of sparking a bidding war that will result in an above-market sale price.

Not so fast! Homes priced higher might end up selling even higher, according to a study published in the Journal of Economic Behavior & Organization.

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bank__olegdoroshin_450realtor.com - Just when we think we have the necessary funds to make even the minimum 3% down payment, we’re slapped with another round of expenses: closing costs. 

Closing costs typically amount to 3% to 6% of the purchase price. Why the broad range?Taxes. Buying a house means paying taxes and sometimes transfer fees upfront, at the closing. While there are settlement costs that go to your attorney, title insurance company, and lender, the biggest beneficiary is the government—city, county, and state.

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Photo:  ©[Oleg Doroshin]/123RF.COM

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ratesup_igarts_450cnbc.com - U.S. home buyers signed more contracts to buy existing homes in January than they have since August of 2013, according to the National Association of Realtors.

Its monthly index of so-called pending sales, an indicator of future closed sales, rose 1.7 percent month-to-month, and is now 8.4 percent higher than it was a year ago. This is the fifth straight month of year-over-year gains, and the gains are increasing.

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housemoney_volff_450zillow.com - Setting a home’s list price isn’t an exact science. A good real estate agent will recommend a price range, but never assign an exact price — that’s ultimately for the seller to decide.

Although sellers aren’t required to price according to inventory levels or the market condition, it’s smart to discuss these matters with your agent early and often to make an informed decision. Here are some considerations to keep in mind when choosing your listing price.

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blockhouse_denis-yulia-pogostins__450realtor.com - Q. We sold our parents’ home in 2014. What do we need to know for taxes this year?

A. The tax implications of a home sale can be complex, particularly when you’re selling a relative’s property rather than your primary residence. It’s always best to consult a professional tax adviser to get individualized advice, but there are some general tax tips that could apply to your situation.

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sale_chris_boswell_450realtor.com - If you’ve been following the news here on realtor.com in recent weeks, you’ll know we’re in a supertight real estate market. And today’s report from the National Association of Realtors® is yet more confirmation: Home sales declined in January to their lowest rate in nine months while home prices increased, the NAR said.

Sales of previously owned homes dropped 4.9% to a seasonally adjusted annual rate of 4.82 million in January, the lowest sales volume since April, according to the NAR existing-homes sales report. The median price of a house in January increased 6.2% to $199,600 year over year, according to the NAR.

Inventory is to blame.

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photo:  ©[chris boswell]/123RF.COM

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story_259zillow.com - Victorian architecture has aged well. Now, more than 100 years after their heyday, ornate yet refined Victorian homes stand out as much for their beauty as for their endearing peculiarities — asymmetrical design, varying rooflines and fanciful features such as turrets and towers.

While it’s easy to fall in love with a Victorian home, maintaining one is another matter. Often, the elements that mark a building as special are the ones that need the most care.

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house_nikolaichuk_450realtor.com - A home that used to house tenants can be a great deal for a home buyer—they often sell for less than owner-occupied homes. But there are reasons why these homes may command less than top dollar.

There are several things to weigh when considering buying a home that the owner didn’t occupy.

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Photo:  ©[Nikolai Chuk]/123RF.COM

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