Topics of interest to help homeowners when thinking about selling their home.
Homeowners, have you ever had someone tell you they love your home so much they would buy it but then nothing happens…
In this video, you will learn how to deal with “feel good” offer aka verbal offers. You will be able to eliminate the not so serious buyers and get an actual written contract, which is what matters at the end.
We’d be happy to talk under no obligation.
Home sellers may think their home is worth a certain price while home buyers may think it’s worth a different price. Not only should you go by the market value of your neighborhood to determine the value of your home but also through buyer feedback.
Every home buyer is different, but throughout our experience with home buyers, we have noticed these 3 factors come up the most that buyers look at in a home to determine the home value.
Buyers look for the costly updates such as a new roof, impact widows and flooring. These updates can make a difference when buyers are comparing it to other homes in the neighborhood.
Is the home an open lay out or not? Is it a split bedroom layout? Depending on the buyer’s needs this will also determine whether they make an offer on your home or the other home for sale down the street.
No home is the “perfect” home for a buyer. Home buyers will always want to make a few changes here and there. The questions is, how much time, effort and money will it take to makes these changes? The fewer the changes they need to make the more value they will add to the home.
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Buyers determine home value by a process called “comparison shopping”. Buyers compare the three factors mentioned above, against similar properties in the neighborhood to make a decision.
Hiring the right real estate agent to assess the value of the home is important, even more so than advertising. Not having the right price on a home can mean the difference between a house selling in 30 to 60 days as opposed to not selling at all.
Contact us today, to help you determine the true value of your home! (no obligation!)
I have had homeowners face the dilemma of being ready to look for their dream home but are not sure whether they need to sell their current home first to buy their new home.
You may think you need to sell your home first in order to buy a new one. Reason being, most often, you need the money from the sale of your home to go into buying the new home. But, the dilemma is you may not want to put your home for sale before finding your dream home.
What if I told you, you can buy your new home and sell your current home at the same time?
Yes, this is possible! I have done it numerous times with my clients in the past with the same situation. With the right knowledgeable real estate agent, you can put your home for sale, look for your dream home, get both homes under contract and close at the same time.
Selling and buying at the same time is known as a simultaneous closing. At the time of closing your current home, you can transfer the proceeds directly to the purchase of your new home!
All it takes is the right timing, marketing and negotiation skills from a professional real estate agent with experience in simultaneous closings. No hassle of moving twice or moving into a hotel or a family’s home while waiting to buy.
Fell free to reach out to us for a NO obligation consultation on whether selling and buying your dream home at the same time is right for you! We will guide you through the whole process, from beginning to end and even beyond to ensure all is well after closing.
My landlord clients often ask “should I sell my rental property or keep it?”. First, I am a big proponent on trying to keep a rental property at all costs. In my opinion, selling a rental property should be your last resort. I believe real estate is one of the best investments out there. Therefore, when clients ask me about selling their rental properties, I try to convince them otherwise.
Nonetheless, if you do decide to pursue the options of whether you should or should not sell your rental properties, ask yourself these three questions:
If you are making at least a 5% cash flow return on an annual basis, keep the rental property. (If you need help calculating your cash-flow annual return, send me a message, and I will gladly let you know right away!)
This may be a heavy loaded question as it may bring up even more questions. Will it sit in a bank account? Will it be re-invested in another investment opportunity? Depending on what you plan to do with the proceeds, you should determine if it is worth selling your rental property or not. For example, if you plan to just keep the money in your bank account, I would suggest NOT selling it. You make close to nothing on that money sitting in a bank.
On the other hand, if you plan to re-invest, then selling to put your money to work in a better investment may be the right move.
If the answer is yes, then, sell! If you are not happy anymore or have become miserable being a landlord, you should not sacrifice your happiness for it. There are many other things you can invest the money on that will not make you unhappy.
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Mario Avalos 