Buyers don’t believe that you know what your property is worth in this market. They feel that your asking price is what you wish to get rather than what it is worth. Let me tell you what happened to me when I sold my home myself.
If you recently did an HVAC upgrade, you may want to look up IRS Notice 2006-26. Neither of us is quite sure what new plans are in place for tax credits and energy efficiency. Were both very clear both the federal and state level a variety of proposals to promote energy efficiency are being crafted by the lawmakers.
Look at the porches and decks. Verify that there is not sagging in the ceiling, loose rails or boards. Damaged steps? Make sure that the posts are fully rooted in the ground and that there is not rotted at footing.
Get your house market-ready before you begin showing it so your family can get used to keeping your home clean and beautiful. The busiest time is the first weekend after it goes on the market. It must be staged, de-cluttered and ready for the first day.
When it comes to a home that’s been vacant a long time, a home inspector is a must in order to reveal the condition of the home. Such problems are very prevalent in today’s market with foreclosures, short sales, and bank owned properties. While such properties represent opportunities for home buyers and renovators, buyers should always be aware of the potential problems and dangers when purchasing a home in today’s market.
Have yourself (pre) qualified as a home buyer/owner. If you are that decisive to own a house, then you ought to start determining how much you can afford for such. You can do the calculations yourself, but to be properly advised, you should approach lenders on this matter. This can easily be identified as you undergo the pre-qualification process. Experts say that your total monthly mortgage payment – principal, interest, taxes, and insurance – should not exceed 30%-32% of your monthly gross income.
It is important to learn as much as possible about real estate investing before you jump in. Take classes and spend time financially educating yourself. The first move toward any endeavor is preparation and training toward the task at hand.
Depending on the time of year that your new home is inspected, you could have undiagnosed problems with your heating system or air conditioning system. If your home is inspected in the summer, you could have problems with your heating system that are not noticeable. The same goes for your air conditioning system if your home is inspected during the winter. These are issues that will only arise with time. As a new homeowner, problems will come up. Be prepared for the five most common problems.