How to Determine the Best Neighborhoods to Invest In

When you contemplate purchasing a home or buying a property you may be wondering which areas or neighborhoods are the best to invest in. After all, as buyers, we're always seeking the best deals with the lowest risk and a great return. That's why we've advised these 3 quick tips to help you determine which areas provide the best return investment.


1. Seek out distressed or low-income areas. According to Forbes, location and condition are two key determining factors when deciding on a good home purchase, but buyers are often disillusioned by the state of the property which can be renovated over time. This will allow you to buy low and sell high.

2. Research areas with great school zones and school districts. The scores for all school zones are provided by www.greatschools.org. A score of at least 7 out of 10 will help you determine which schools are best for local residents which will be a major factor for potential buyers with families.

3. Invest near downtown or uptown areas. These areas are booming in cities across the country and provide greater access to shopping, entertainment, and transportation to more resources which will result in greater appreciation on your end.

Make sure you consider at least one of these factors when you’re purchasing a home or property. For more information, give us a call: (833)704-HOME or send us a message!

 

What To Expect During A Home Showing

Are you nervous about the process of selling your home? Does the prospect of random buyers visiting your property frighten you? If so, we’re giving you the inside scoop on what actually happens during a home showing and how you can properly prepare.

We can all agree that selling your home can be a bittersweet and emotional process. After all, your home is an extension of who you are, so it can be difficult to trust the care of your home to someone else.

The good news is that when you list your home with a professional realtor, your home will most likely be shown to other realtors. These realtors will then show your property to potential buyers who are pre-approved, qualified, and serious about buying your home! Therefore, during a home showing, your home will always be under the attentive care and charge of a responsible and licensed professional.

You may also come across other types of home showings, including:

A broker tour which is information about properties that are only available for other agents and brokers to view, shared exclusively through the MLS. This is a great way to get your listing viewed by professionals.

Open houses allow large groups of potential buyers to visit your home without an appointment being necessary. This is a great way to orchestrate numerous showings in a shorter amount of time and can create a stronger interest among buyers who are actually seeing their competition.

A buyer’s home inspection provides a detailed professional examination on the state of your property. This will inform the buyer on the safety and security of the property in case there are any repairs that need to be done. As a seller, it’s in your best interest to make sure that there aren’t any major defects on your property.

A buyer’s appraisal is imperative for the lender to protect their investment when determining the mortgage for the buyer. As a refresher, an appraisal is a professional estimate on the value of your property. This value is determined by the comparable sales of similar properties in your area. If the home is appraised at or more than your sales price, then it is more than likely that the lender will provide the appropriate loan amount to the buyer. But if your property receives a low appraisal, then the buyer can negotiate for a reduced sales price.

The good news is that you don’t have to be present for a home showing but you can prepare by setting an inviting atmosphere that will leave a lasting impression on a potential buyer. Create the perfect mood by opening the blinds to let in natural light, providing snacks for families, playing soft music in the background, and having a fresh clean environment.

For more information, reach out to us today by calling (833)704-HOME to be matched with our experienced agent, Qulia Bryant. We’ll work tirelessly to make the selling process as smooth and easy as possible!

Source(s):

https://www.thebalance.com/appraisal-process-when-buying-a-home-2395235

https://www.thebalance.com/how-to-deal-with-a-low-appraisal-1798414

https://www.honesthomeinspections.com/buyer-inspection

https://www.maxrealestateexposure.com/home-inspections-buyers-sellers/

https://www.realtor.com/advice/sell/what-is-an-open-house

http://www.trendmls.com/Guest/News/ShowDoc.aspx?id=9081

 

3 Things You Should Know Before Selling Your Home

Selling your home is a life-changing process that can be prompted by unforeseen circumstances. You could be moving into a smaller home after your kids have left the nest, relocating for a new job, or simply looking to purchase a new property. Regardless of the reasons for why you're planning to sell, you should remember these 3 important tips before you put your house on the market.

1. Attend Open Houses. You should visit the open houses within your community to assess your competition and determine if your home is comparable to other properties on the market. This will also provide insight on any repairs or upgrades your home may need in order to sell. 

2. Interview Different Realtors. Speak with at least 2-3 realtors, even if they were referred to you to make sure that they are a good match for you. You want to make sure that your realtor genuinely cares about your home. It's also suggested that you research their market strategies to learn more about how they are going to market your home and how they have sold homes in the past.

3. Know Your Exit Strategy. Make sure you have a plan for when your house sells! Consider these questions:

  • Are you going to rent?

  • Are you going to relocate?

  • Are you going to purchase another house?

  • Are you up/downsizing?

Understand what is available to you considering your circumstances and what is best for your family. It's always best to have a plan of action before putting your home on the market.

To learn more about your options contact Qulia Bryant today for your selling needs! Call us: 833-704-HOME or receive a Home Valuation to begin the home selling process!