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Real Estate Information |
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Top Tips for Buying and Selling a Home
Buyers Looking for a home -Use Internet for overview of properties, communities, and schools. Get your new home inspected before you buy. -Hire a home inspection professional who is certified or licensed. Research home financing options before making a decision. -Fixed rate. The interest rate you pay is fixed over the term of the loan. Retain a real estate attorney and buyers real estate agent.-An attorney should review contracts before you sign them.-Your attorney is your legal advocate from contract to closing/escrow.-Locate a real estate agent who has a fiduciary responsibility to you.-Fiduciary. Part of the common law of agency, indicates a relationship based on trust. Understand common contract terms. -Contingencies. A provision in a contract requiring certain acts to be completed before the contract is binding. Sellers Gather opinions of value from professionals on your home. -Invite three real estate agents to submit a price range based on recorded recent sales. Stage your home before buyers come through. -Streamline clutter and place the focus on your home. Internet marketing provides wide exposure for your home. -Have a virtual or digital tour of your home in multiple websites.. Understand the elements of a contract to purchase. -Require all offers to be in writing. Recognize the variables that real estate agents can't overcome. -Buyers bypass over-priced homes. Mark Nash real estate broker, writer and author of 1001 Tips for Buying and Selling a Home (Thomson 2005) specializes in helping others succeed in real estate. http://www.1001realestatetips.com
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