Home Search: Online Vs. In-Person

People are smitten by the idea of online shopping these days. From a pin to shoes, from dresses to jewellery, from fish to juices – we simply log in and order. So, when it comes to looking for a house it is no different. Most buyers these days first visit the popular online portals to select their dream home. There are several websites that will give you all the necessary information regarding its location, price, number of rooms, amenities and so on. All websites will also give you detailed written description of the home along with some excellent images. But when you actually visit the place in person, you might be shocked with the reality. Here we find out reasons why shopping property online is a lot different than shopping offline.

online vs in-person

Photos do not always reveal the truth

Photographers use different angles to post images on websites. So a room which really looks big on the website might be actually quite small. As a buyer you will feel fooled when you see the actual dimensions. So before you finalize your deal by simply depending upon the online version, do give a personal look. Good photographers always know the best angle to take the best photograph of the room from where the ceilings will look taller than they are. Continue reading

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7 Signs You Need to Change Your Real Estate Agent

As a buyer you depend a lot on your real estate agent. You trust him to show you the best properties that are well within your criteria and help you strike the best deal. You expect your agent to be responsive, alert and quick to meet your needs. However, when you hear some negative responses, you certainly feel let down and even cheated. In such situations, it is better to let your agent know of your expectations from him and if this doesn’t work don’t hesitate to look for a new one. Here we discuss 7 things you should not expect your real estate agent to say to you.

changing real estate agents

1.”I’ll call you after sometime”

As a buyer you are putting in your lifetime investment in buying a house. The least that you can expect from the agent is patience. The agent should hear you out and take down all the details in the very first conversation. He should in fact book an immediate appointment if possible. If the real estate agent tells you that he is busy or that you should call him later, it is sure to put you off and make you strike him off from the list and move on to another agent. An agent who really wants to sell the property would carefully ask for the price range, the area, understand your needs and might also refer you to websites showcasing the properties. Continue reading

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Bad Real Estate Agents – Top 5 Signs

Buying or selling homes is a daunting task made easier with the guidance of a right real estate agent. However, sometimes the agents can make your work much more challenging if they do not perform their job properly. Watch out for these red flags to know it is time to hire another one:

bad real estate agents

1. Unprofessionalism

Real estate agent’s job is to help you buy/sell the house in your best interest. It is not necessarily the estate agent’s fault if the property is not selling or if you, as buyer, are not able to find the right house. However, you would at least expect the agent to keep you posted at regular intervals about how things are proceeding at his end. Coming late for appointments, not answering the calls or texts, not maintaining proper paperwork for the various transactions, missing deadlines, changing broker fees frequently, going on a vacation/leave without informing is totally unethical. These are the signs of negligent, inefficient and unworthy person and you should get rid of him at the earliest. Continue reading

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Selling a House – For Sale by Owner vs. Realtor

If you’re planning on moving to a new neighborhood, you will need to find someone to buy your current home first. Thinking of skipping the real estate agents? Well, of course, you can put your home on the market and sell it to potential buyers yourself. You will end up saving on the commissions that would otherwise go to the agents once the sale is completed. But selling your home on your own can be quite a complicated procedure! It shouldn’t be attempted without being aware of a few things first.

For Sale by Owner vs Realtor

Several Negotiations

When you choose to go FSBO (For Sale by Owner), you will need to enter into discussions or negotiations with several people. This will include negotiating with the prospective buyer or buyer’s agent to settle on a price that is acceptable to both. Most often, the buyer will hire a home inspection company which will turn even the slightest fault into a big deal breaker just to give the buyer some leverage. You might have to negotiate with an appraiser and perhaps even your bank in the event of a short sale. Continue reading

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7 Reasons Why Your House Won’t Sell

Are you looking to sell your house for a good price but your marketing efforts not bringing the desired result? Well, selling your house may not always be as easy as you think. There are several factors that can hamper the sale of your house making it harder than you expected. Here we discuss some of them.

Why Won't My House Sell

1. Your house is not priced right

Placing a high price tag on your home is not going to benefit you in any way. Though you may feel the house is worth that much, a high price will keep it on the market without getting picked up. Continue reading

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Planning to Sell a Luxury Home? You Can’t Ignore this Checklist!

Your home is a precious gem, and the buyers for it are limited. So how do you go about planning the sale of your luxury home so as to fetch for it the best price and the fastest possible closure? The following 10 tips should help you significantly in getting it right.

selling luxury homes

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1. Find out the Best Selling Price

You need to price it right, right from the beginning. Don’t make the huge mistake of going to an agent who offers to put your home on the highest price with promises too bright to be true. A fine real estate agent should be doing a significant amount of research before arriving at a price, and that price should be optimum – not too high, not too low. A right price to start with is substantially better than slashing prices later on. Continue reading

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When Should I Sell My House?

Deciding to sell your home is one of the hardest decisions in life. There are financial and emotional implications of this decision and you need to get over both when making a choice. While there are no perfect timings to sell a property you should be ready to wait for the opportunity and grab it with both hands as soon as it comes.

when should i sell my house

Reasons to sell a house

There could be several reasons why people decide to sell their home. Some of the key reasons to relocate are: Continue reading

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8 Smart Home Features that Appeal Today’s Home Buyers

As everything is going high-tech and smart, how can the homes be left behind? Whether you are thinking to re-design your house or planning to put it on sale, it is important to spice it up with sci-fi gadgets to make it more appealing. Gone are those days when your home would be unique with a pool or a garden! Today, homes, just like your phone and tablet should be smart. As the scope of Internet of Things is expanding, home owners have plenty of options to choose from. Powered by internet, today’s smart devices can connect to your devices such as mobile, laptop or any other electronics you desire. These smart devices help to make your home safe and secure and also make everyday life more convenient and stress-free.

Smart Home Features

Here are some smart features that are now being increasingly demanded by property buyers in the US. You may certainly consider installing some of these to make it the first choice of the buyers. Continue reading

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Buying a Foreclosed Home – Is It a Good Deal or Bad Deal

If you are in the market to purchase a home, it may be a good idea to check out foreclosures as well. While a foreclosure usually offers price advantage, these may not be the right choice for every prospective home buyer. Hence, it is important to weigh the pros and cons before you take the decision.

buying a foreclosed home

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Types of Foreclosures

Before you start pondering about purchasing a foreclosure, it is important you understand there are different types of foreclosures. The kind of foreclosure you choose should be based on this knowledge, as it could affect your bargaining power. Continue reading

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Buying a Short Sale Home – What You Need to Know

We often come across signs put up on some properties announcing a ‘short sale’, and it makes us go drooling, brewing up a picture of gains and profits we could make out of the deal. However, the world of real estate short sales isn’t as sweet and simple as we imagine it to be, and if we don’t tread carefully, we could end up getting cheated, or maybe paying more or doing something that could have been done a lot better had we treaded more carefully and made a more informed decision. Here we list some eye openers for you, so the next time you see the ‘Short Sale’ signboard, you know exactly what you are getting into and what to do. And if you yourself have to put up that signboard, you know how to get the best deal the best way.

buying a short sale

There is nothing short about a short sale

A short sale means the property is being sold short of its actual price, so the owner incurs a loss in order to be able to clear the dues he has on the property. It doesn’t mean that the sale will be only for a short time, or there is a special price for a short time. Continue reading

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