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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Consider These Pros and Cons of Modular Homes Before Buying It

A lot of research and innovation has made modular homes much advanced in technology and design than they were earlier on. Today, these cannot be easily side-lined as a low-cost, low-quality option. However, still many people do not perceive them to be as good as the traditional “stick-built” home. So before you go gaga over modular homes or completely write them off as an option please ponder over these pros as well as cons of modular homes.

pros and cons of modular homes

Pros:

Here’s what makes modular homes so very irresistible to buyers. Continue reading

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Investing in Rental Property for Beginners – Things to Consider

Buying a rental property could be more challenging than a buying a home for yourself as here you not just want a lovely accommodation but also profits! Your chosen property should attract long term tenants and must command rent that helps you pay for the taxes, maintenance, mortgage and still make some profit. Searching smartly is the key to find a profitable rental property and here we offer some tips to help you make a wise investment decision.

rental property investment

Search, Search and Search

Believe in the fact that there are always nice locations and properties that are really worth the investment so do not give up till you have found a property that meets your criterion. Hiring property consultants is good but do not rely entirely on them. Do search on your own so you know the property market well. Do not succumb to the pressure of your property consultant or get carried away with their glib talks as they are always in a hurry to get the deal fixed. Use your own judgement when making a decision. Continue reading

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