It helps your home sell if you have it staged nicely, but there are a few things that really turn off buyers. While they may seem minor to you, in a buyer’s mind they start planting seeds of doubt as to the overall state of your home. Stage your home properly to keep the buyers interested.
The trend these days is to get “a deal” and buy the cheapest house when you buy, but is that the right mind set? How about stretching your finances to buy an expensive home? What do you need to think about before you decide how much to spend?
What are some reasons to buy a more expensive home?
Why might I be a good idea to stretch your finances and not buy the cheapest home?
In the end a mix is probably the best bet. No matter what house you buy, it will be a big expense, so make sure that the house you choose is something you can afford over the years, not just the day you buy it – meaning, take into consideration repairs, maintenance and utilities over time. Sometimes, the cheapest house will end up being the most expensive in the long run!
An open house can be a great tool in the process of selling your home but there are certain things you can do to help boost the success. You also need to keep in mind that the buyer of your home statistically will not attend the open house but the people that do attend will tell their family and friends who will also pass on information, so it is important to get people to attend.
Housing prices are on the rise and are expected to continue rising so you should wait to sell your home? Wrong! In most cases, when you sell your home, you are going to be buying a new home. Yes, the price of your home will be higher in a couple years and the price of the new home will also be higher but what many sellers aren’t thinking about is the interest rate. Most forecasters say that the interest rate has already bottomed out and will be on the rise. What does this have to do with selling your home now or down the road when it may be worth more? The loan on your new home will cost you more because of the higher interest rates. Currently mortgage interest rates are 3-4% but in a couple years they are forecast to be 5-6% and on a 30 year mortgage for a $300,000 home, that adds up to a lot of extra costs in mortgage payments, thus making the home more expensive. Right now it is a seller’s market making it a great time to sell a home, you can find a home to buy and still get in on super low interest rates. Don’t wait – sell your home soon!