• How do I prepare my house before selling it?

Some tips that should be taken into account before carrying out the operation of promoting a property for sale, it is advisable that it is as presentable as possible, as this can make the value of your property rise by investing only what is necessary.

Little things like repairing holes in the wall, changing light bulbs, and anything that doesn’t feel functional, can make your place stand out in a crowded market and get noticed in an even more eye-catching way for the customer.

The paint is an important part of this since it will bring back life and color to the walls can be very striking and of great interest to the client, potential customers may feel satisfied and convinced when looking at a place in perfect condition.

 

 

• What should be the right price for my property?

The first step in deciding the right value for your property is to get a comparative market analysis with a real estate agent.

Your agent will carry out a proper and in-depth study, in this way you can find the right value for your property within the market.

 

 

• Is there a possibility to negotiate real estate commissions?

It is definitely possible to negotiate a real estate agent’s fees. Usually these are 6%, which can be reached between buyer and seller.

It is also possible to find agents willing to work for less than usual, especially if you find a discount broker or agent matching service.

 

 

• Do I need a Home Inspection?

The responsibility is on the buyer, to obtain a home inspection, as a seller it is not necessary to obtain one of these. An inspection usually costs between 300 and 500 dollars, so it can be seen as a good investment since it has some very good advantages.

 

 

• How can I save money when selling a house?

A good way to save money when selling a property is to negotiate your real estate agent’s fees.

Another way in which you can save money is by selling the property on your own, this way you would be saving the corresponding commissions. On the other hand, this is not the most advisable unless you have extensive experience and knowledge in the Real Estate industry.

Selling a house requires a great deal of marketing knowledge. Real estate agents regularly take care of these types of hassles, such as advertising and showing your property to potential buyers.

 

 

• Is it advisable to buy a house before selling the previous one?

This would be more like a personal choice, buying or not a property before selling the previous one depends on the interests of each person.

Having a property ready to move in just before selling the previous one can give you great peace of mind when it comes to moving.

On the other hand, this can also generate a large expense but it would help to avoid getting stuck paying two mortgages at the same time. This can be a problem if your sale takes longer than expected.

 

 

• How can a real estate agent help me sell my property?

A real estate agent has a thorough understanding of the area and how your home compares to the rest of the market.

They will have a good idea and criteria of how much can be obtained for your home and ways you can improve its value.

When it’s time to list the property, they’ll make sure your home is priced right, which will help maximize your bids and sell your home as quickly as possible. They will also take care of all the paperwork, market your home and coordinate the open days, taking a big weight off your shoulders.

 

 

• Do the closing costs have to be paid to the buyer?

You may want to pay your buyer’s closing costs if it allows you to make a better offer or helps the sale close faster and more successfully.

Usually the payment of these costs comes in the form of a credit that the buyer uses during closing.

 

 

• How long will it take to sell my house?

The approximate waiting time it takes for a property to sell depends on a few factors, including:

• The time of year this property is listed, a study reveals that homes tend to sell faster in the spring and early fall.
• Market conditions. Homes sell faster in a seller’s market when there is low inventory and high demand.
• The state in which your home is located, the better the conditions of the home, the more attractive the offer and attention will be the more customers it can attract.
• The way in which a buyer is financed: either with a credit or a cash agreement, depending on the method of purchase, the time they can take varies.

The longer your house is being offered on the market. more money will be lost, as taxes and utilities will still have to be paid until the buyer officially closes.

 

 

• How do you pay the agent when buying a house?

The agent’s commission is already included in the sale price of the property, so it will be paid at closing. The standard commission rate is 6% of the sale price, this is divided among those involved and in charge of carrying out the closing.

 

 

• How much does a buyer pay in closing costs?

Depending on the location, closing costs may include real estate attorney fees, pest inspections, or natural disaster certifications.

Buyers can safely negotiate with sellers to reach an agreement on who should be responsible for covering closing costs, taking into account the seller’s contribution maximums. These guidelines limit how much a seller can pay for closing costs based on their type of mortgage.

 

 

• What should be my initial payment for a house?

Making a down payment of 20% is ideal as you can avoid paying private mortgage insurance, but being a little more realistic, lenders usually require at least 5% to complete the sales process.

It also depends on where you live and what type of mortgage you’re approved for, some lenders may require a minimum of 6%.

There are also circumstances where you may not have to worry about a down payment.

 

 

• How long can it take for the seller to respond to my offer?

Sellers typically have about 72 hours to respond to an offer, but this can vary depending on the state it is in. On the other hand, if a bank is selling a house, it could take several days or even weeks to respond.

If you make an offer and the seller doesn’t respond at all, your offer is likely too low or the seller isn’t interested. To increase the likelihood that your offer will be accepted, a local real estate agent can help you strike the right balance between a reasonable cost to you and a tentative offer to the seller.

 

 

• How can a real estate agent help me with the process of buying a home?

A buyer’s agent can certainly help you find homes within your desired budget, schedule viewings of homes you like, and negotiate with the respective sellers. The most specialized real estate agents have in-depth knowledge about the area they work in, which can help you save time and money by narrowing down the large amount of the market to only your best possible options.

Buying a home can seem very overwhelming and confusing, but a good experienced real estate agent can put your mind at ease and make the process smoother than it is.

 

 

• When is the best time to buy a home?

This depends on whether you are looking for the best prices, the lowest prices or the best and largest variety of options. According to an analysis in 2016, April is the most popular month for new listings, while November is the best time to find the best deals.

 

• Do I have to sign a lease?

Yes, all rental properties must have a contract, which will be signed. Residential leases are normally for a minimum period of one year. While commercial leases are usually for a minimum of five years.

 

 

• What happens at the end of my lease?

In relation to residential units, there are 3 options at the end of your lease.

• You can waive an additional 1-year lease.
• You can waive an additional 6-month lease
• You can waive a contract to automatically renew it for an additional 60 days.

There will be different rent increases depending on each option. But this will allow you to choose the option that is best suited for you.