Selling Your Home
The benefits of seller financing
Friday, February 8th, 2008Seller financing is when a seller helps to finance a real estate transaction by taking back a second note or even financing the entire purchase if the seller owns the home free and clear. Usually sellers do this when a buyer has difficulty qualifying for a conventional loan or meeting the purchase price.Seller financing differs [...]
What is the best time to sell your house?
Wednesday, January 16th, 2008There is no “best” time to sell per se. Selling a house depends on supply, demand and other economic factors. But the time of year in which you choose to sell can make a difference both in the amount of time it takes to sell your home and in the ultimate selling price.Weather conditions are [...]
Do I have to consider contingencies?
Monday, January 14th, 2008If you are a seller in a seller’s market, in which there is more demand than supply, you probably won’t have to entertain too many contingencies. But if you are selling in a buyer’s market, when buyers are few, prepare to be very flexible. Granting contingencies also depends upon what kind of price you want [...]
Is there a secret to good negotiating?
Monday, January 14th, 2008There are several cardinal rules to negotiating effectively. One is do your homework, and learn as much about the seller or the buyer as you can. Another is to play your cards close to your vest and not reveal too much information to the other party or their agent. Don’t let yourself get rushed into [...]
How do I get the real scoop on homes I am looking at?
Monday, January 14th, 2008Home inspections, seller disclosure requirements and the agent’s experience will help. Disclosure laws vary by state, but in some states, the law requires the seller to complete a real estate transfer disclosure statement. Here is a summary of the things you could expect to see in a disclosure form:* In the kitchen — a range, [...]
Do I need an attorney when I buy a house?
Monday, January 14th, 2008In some states, you do need an attorney to complete a real estate transaction, but in others you do not.Most home buyers are capable of handling routine real estate purchase contracts as long as they make certain they read the fine print and understand all the terms of the contract. In particular, you should be [...]