Learn How To Sell Your Home

There are some companies who offer to buy your home for quick cash and no-hassle, but did you know that they could only be offering between 60% to 80% of your property's market value?

These deals may sound appealing, but you could be losing out on a substantial sum of your investment. Companies who advertise on billboards and signs on the side of the road are often looking to target sellers who are going through significant life changes and hoping to sell quickly, such as:

  • Sellers who are relocating for a new job

  • Sellers who are experiencing bankruptcy

  • Sellers who can't sell their homes

  • Sellers who are divorcing

  • Homes in foreclosure

  • Homes that are vacant

  • Homes that are damaged

These types of buyers may prey on homeowners who find themselves in a complicated and stressful situation. They might try to convince a seller that working with an agent will cost them more but sellers may actually earn more by hiring a listing agent which often results in as much as 125% of a home's fair market value.

Another strategy these companies use is offering to take the title “subject-to” your existing loan. Subject-to allows buyers to purchase a property without undergoing a credit report or assuming a loan from a bank resulting in a faster closing time on a financed home. This allows the buyer to become a homeowner and they will also agree to taking over your mortgage payments to your lender.

This sort of agreement is often discouraged by lenders who have written clauses to prevent buyers from taking over someone else's mortgage. If you agree to sell your home to one of these types of companies, you could still be held accountable for the mortgage payments as the original borrower if the buyer misses payments or goes under foreclosure.

It is always best to consult with a home selling specialist before selling your home. We educate you, we don’t cheat you. To learn more about your options, contact Qulia Bryant today for your selling needs! Call us: 833-704-HOME.

Source(s):

https://www.thebalance.com/we-buy-houses-for-cash-is-it-for-real-1799045

https://www.thebalance.com/buying-subject-to-an-existing-loan-1798423

https://listwithclever.com/real-estate-blog/how-does-we-buy-houses-for-cash-work-and-why-to-avoid-it/

https://www.carletonsheets.com/resources/articles/strategies/1031-exchanges-articles/what-you-need-to-know-about-subject-to-real-estate.html

https://www.groco.com/readingroom/realestate_subjectto.aspx

https://www.jwbrealestatecapital.com/what-is-subject-to-real-estate/

 

Six Steps to Selling Your Home

  1. Choose the Right Listing Agent. The right agent is a professional who is knowledgeable about the market and will get you the maximum value for your property.

  2. Determine Property Value. A home appraisal provides a professional estimate on the value of your property. This will help determine the price of your property in the current real estate market. The value of your home may also be affected by supply and demand; therefore if there is a high demand for properties but fewer homes on the market, the higher a property seller can demand in price for their home.

  3. Get Your Home Show Ready! Buyers will appreciate a well-maintained home, so it’s highly suggested that you consider a professional deep clean, fix minor repairs, and even invest in a fresh coat of paint. These simple tasks can leave a lasting impression to help sell your home! Learn more tips from our post on “Preparing Your Home For The Sell!”

  4. Market Your Property. Your home won’t sell if potential buyers don’t know that it exists! Get your home on the MLS service and have open houses to get your home seen.

  5. Buyer Showings. Have as many buyers visit the property as you can.

  6. Negotiate and Accept Offer. Congratulations! You’re now under contract to sell your property and get if off the market.

To learn more from a qualified and experienced agent, contact us! Call: 833-704-HOME or email Qulia Bryant via quliasells@gmail.com for specific needs.

Don’t forget to check out our video on the “6 Steps to Selling Your Home” for more tips!

Source(s):

https://smallbusiness.chron.com/assess-market-value-property-735.html

 

Location, Location, Location!

The search for your dream home can be an exciting, yet overwhelming experience. One of the key aspects of finding your perfect home is considering the location. Whether you’re hoping to live in a city, suburb, or rural area, there are important factors to keep in mind when determining your future place of residence.

Neighborhoods that stand out among others typically provide the lifestyle that buyers desire. They are often situated in areas that are accommodating and supply easy access to local recreation, shopping areas, education, and have high livable scores which are publicly available on sites such as areavibes.com and walkscore.com.

You may be more inclined to purchase a home in an area that is in walkable distance to your favorite beauty salon, grocery store, or has access to a community pool and parks, rather than a neighborhood that would require a longer commute to these niceties. The significance of these luxuries depends on your personal lifestyle and their proximity to the neighborhood where you choose to live.

Location also determines whether the value of your home will progress or regress.

The principle of progress estimates that the value of your home increases when found in close proximity to other high-valued properties in a desirable neighborhood. A modest or less expensive house in a pleasant neighborhood will increase in value when found among other nice and more expensive properties.

The principle of regress assumes that the value of your property will decrease when found among less-expensive homes in less-desirable neighborhoods. Investing in major remodeling or changes in a home that is situated in a neighborhood with less-expensive houses will bring the value of your home down.

Location and livability aren’t just factors that you should consider when purchasing a home. These features will also be important if you ever decide to sell your home in the future, since the community features and amenities will affect the resale value of your home. To learn more about finding the perfect location for your new home, check out our video on Popular Charlotte Neighborhoods.

Find Your Dream Home With Perfect House Realty

Home buying and selling can be an intimidating and complex process. The team at Perfect House Realty are committed to helping buyers and sellers in the Charlotte, North Carolina area understand their options. Call us at 833-704-HOME or find your dream home online.


Sources:

https://www.prepagent.com/article/principle-of-regression-progression

https://www.thetruthaboutrealty.com/factors-that-determine-real-estate-value/

https://study.com/academy/lesson/the-principle-of-progression-in-real-estate-definition-example.html