|Posted on December 31, 2021 at 3:50 PM||comments (0)|
One of the most difficult decisions to make is whether to buy a home or rent one. The real estate market in Austin has its ups and downs, and the prices constantly change. That's why we need to discuss renting vs. buying in Austin. Before you decide, you need to understand the market and figure out what is best in the long run.
Understanding the buyer/seller market
When it comes to buying a home, understanding the market makes all the difference. There are a few essential terms to look at:
• buyer's market;
• seller's market;
• comparative market analysis;
A buyer's market favors those who are making a purchase. The equity is lower, and you can find good houses at affordable prices.
A seller's market is the exact opposite. The price of the homes goes up, and you can make more money by selling a house. If you want to buy a home instead of renting one, the first thing to ensure is that you are buying in a buyer's market.
Finally, you also need a comparative market analysis. This step is essential both for buyers and sellers. If you find a house you want to buy, compare its price with other homes on the market in the same area. This will tell you how the cost of the property compares to others. If you find that the price is too high, renting might be a more suitable option.
The benefits of renting
To compare both options, we need to first look at the advantages and disadvantages. One of the biggest advantages of renting is that you have flexibility. You are not tied to a location, and you can always change it. We spoke with a couple of moving companies in the area to better understand whether more people are moving into a rented place or a house they bought. According to the experts at Heavenly Moving and Storage, many people are moving to rented apartments at top locations precisely because they cannot afford to buy.
Furthermore, you know exactly how much your monthly expenses are as a renter. Sure, the rent may go up, but that does not happen every month.
Another benefit is that you don't have to worry about major repairs. The owner handles all fixes around the house, as long as you do not cause them.
Are there any disadvantages to renting?
Potential evictions are one of the worst drawbacks of renting. It sometimes happens that the landlord decides to either find someone else or move back into their place. The rent can go up when you cannot afford it, which can be another reason for eviction.
Furthermore, you cannot choose your neighbors when renting. Whoever is in the building is who you are stuck with. That can be the luck of the draw, so have that in mind.
Finally, instead of paying rent, you could be paying your monthly mortgage for the new home. Many people say that paying rent doesn't get you anything. You spend all that money, and you are left with nothing in the end. It is better to instead purchase a home and pay off the mortgage.
Why you should consider buying a house
A house is a long-term investment. Just because of that, it is definitely worth going for it. We already mentioned how paying rent does not get you anything in the long run. Even though purchasing a home is more expensive, you are taking care of one of the most critical decisions in your life.
Sure, the market sometimes plays against your financial capabilities. However, there are ways to save up some money and get a good deal, even in a seller's market.
One of the ways is to find a real estate agent through a real estate referral company. Not only will you find experts for the area in question, but you can also get a rebate in the amount of 15% of the real estate agent's commission. That's an excellent way to reduce homebuying expenses.
Are there any downsides to buying a house in Austin?
The downsides always exist. However, they depend on how you look at the situation. For example, many experts claim that it is better to rent a home because the interest rates are currently high. While that is true, you never know when the rates will go down. And you cannot predict that the rates will not go up again. Waiting for the perfect conditions is a good idea, but it can waste a lot of time.
Another thing to consider is what kind of home you want to buy. For example, buying a home with unpermitted work may create difficulties in the future. Those houses are cheaper, but for a reason.
Inspect before buying
One way to solve many unknowns and make an informed decision is to do a home inspection before buying. People are often reluctant to purchase a property because they are afraid of making wrong financial decisions. For example, if you spend a lot of money on a home that you need to remodel top to bottom, you might regret making this deal.
Luckily, a home inspection takes care of that. If you are worried about whether you have found the right house or not, a simple assessment will make it clear.
Find qualified movers
Whether you decide to rent or buy a home in Austin, you will need movers. There are multiple benefits of hiring full-service movers, and one of the most important ones is that you don't have to focus on organizing your relocation. The movers will do all the heavy lifting for you.
Renting vs. buying in Austin - what is the verdict?
It is challenging to discuss renting vs. buying in Austin. There are a lot of factors to consider. However, one thing is always true. If you have a stable income, you should buy. There is no reason to miss an opportunity to purchase the home of your dreams. Opportunities are everywhere around you; you just need to find them. Do it with the help of the right people!
Written by: Lisa Roberts with US Moving Experts
|Posted on December 20, 2021 at 4:05 PM||comments (0)|
Purchasing a second home is something many people only dream of. However, for those who are lucky enough to call this their reality, many obligations come with the privilege. Buying the perfect winter home in South Florida is a dream come true. Nevertheless, make sure to understand all that it entails so that you can sort everything out in time to enjoy your new getaway spot.
Be honest with yourself about what you're looking for
One of the biggest mistakes people unconsciously make while buying the perfect winter home in South Florida is not being honest with themselves. You need to thoroughly and in detail think about every little aspect and sort out your expectations. Ideally, you'll do this before hiring an agent to guide your purchase. Being direct and honest will, simply put, raise your chances of getting it.
What's your budget?
Of course, the most important factor that'll decide how you'll buy the perfect winter home in South Florida is your budget. Make sure to do your research and inform yourself of everything you'll need to fulfill to qualify for a second home purchase in SF. Currently, the market in South Florida is pretty tight and strict. Future homeowners need to not only be pre-qualified but also pre-approved. What's more, the chances are that you'll need to compete for a home you're interested in, so it's best to set up your boundaries straight away.
Being thoroughly familiar with your budget and what you should expect given the particular market will set you up for success. The second step you should take is discussing this with your RE agent and your lender. Typically, getting approved for a second home is preconditioned by having a 10% to 20% down payment. This is because banks find the purchase of a second home generally riskier.
Best locations for a winter home in South Florida
Although you won't make a mistake no matter where you find a winter home in SH, you should try to look for the perfect spot before you begin your search for properties. Here are some great options that people love both during the winter days and over the summer.
● Fort Lauderdale
Get connected with the best RE agent
During this project, the best decision you'll make is hiring a real estate agent. It's also a decision that could make or break the whole thing, so you need to choose carefully. Seeing how there are many potential candidates in SH, you should try to vet them. The best way to be sure that you've found a reliable company is to get some help for your search.
How we can help
If you wish to get started and find a home quickly, you'll need to have a good team by your side. This will not only save you time, but it'll save you money as well. We are one of the leading companies that specialize in RE referrals. What this means is that, once you've given us all your information, we'll find the best possible agent for you and connect you with them. However, that's not all. Our affiliation has made it possible for you to get a 15% rebate which will save you quite a bit. You can then put this money back into your home and spruce it up or spend it in whichever way you deem fit.
Buying the perfect winter home in South Florida long distance
If you decide to purchase a home in SF long distance, some potential difficulties could arise. However, stating this alongside your information will give us some time to find you a RE agent experienced with long-distance work. From there on out, they'll guide you through the necessary steps.
Additional things agents can help with
Of course, the agents that we find will do much more than just find you a home. We connect people with top real estate agents so that their home purchases can go smoothly and without any fuss.
● Estimating the costs
Whether you're wondering about taxes on second homes or another financial aspect of a home purchase, your RE agent has seen it all.
● Get you a better deal
Depending on your priorities and goals regarding your home purchase, your RE agents will strive to get you the best deal there is.
● Sort out all the paperwork
The tedious paperwork is the last thing anyone wants to deal with while buying the perfect winter home in South Florida. You won't have to do anything but sign if you have a trustworthy agent by your side.
Pack your things and move
Whether you're relocating to South Florida for the winter or longer, you'll need to move your belongings. Luckily, hiring professional packers to help you pack your possessions in no time and transport them shouldn't be a problem.
Hire a home inspector
Of course, once we've connected you with the perfect RE agents, they'll find your future winter home quickly and efficiently. Nevertheless, you should always have your home thoroughly inspected before making any final decisions. What's more, ask your agents to help you find a trustworthy home inspector since they surely have great connections.
Hire the right movers
Florida offers great moving companies that you can consider for this job. According to Nationwide Moving Services, hiring an adequately licensed moving broker will save you a lot of stress during your relocation. If you hire movers who understand your needs and know how to fulfill them, you won't have a worry on your mind.
Rent out your home over the summer
If you're buying the perfect winter home in South Florida merely to use it over winter, why not profit from it during the summer? There's no place more versatile than Florida when it comes to seasons. If this is something you're considering, you'll have no problem renting it for a fair price.
Written by: Lisa Roberts with US Moving Experts
|Posted on November 23, 2021 at 2:00 PM||comments (0)|
Buying your first home is, at the same time, an exciting and very stressful event. North Carolina offers plenty of opportunities for the first home purchase. Since you probably have many questions and concerns, we have prepared a handy guide for first-time homebuyers in North Carolina. Check it out!
What down payment programs can you use?
Most first-time homebuyers usually go with the usual 20% down payment. You have been saving money for quite some time, and now is the right moment to use it. However, there are other options worth considering. What if you don't have to spend 20%?
Conventional 97 loan allows you to put a 3% down payment if you have a credit score of at least 620. You can also stop paying mortgage insurance after a couple of years.
You can also apply for an FHA loan. In this case, your down payment is 3.5%, which is a bit higher. However, the credit score is lowered to only 580. Another difference is that you are bound to pay for mortgage insurance unless you switch to a different loan, move your home, or pay off the loan.
USDA loan requires zero down payment and a credit score of 640. This loan is for homes in rural areas, designed for low to moderate-income buyers. Mortgage insurance rates are low.
Another loan that does not require a down payment is a VA loan. However, it is only for veterans. The required credit score is 620, and there is no mortgage insurance after the deal is closed. If you are eligible, this is the best option.
The North Carolina Housing Finance Agency also offers a program for first-time homebuyers. They encourage the hiring of housing counselors that will guide you through the entire process. This costs a bit more, but you don't have to worry about the process because you get a full education on home buying.
Look for a quality real estate agency
Real estate agents work on commission, but they are very useful when it comes to buying your first home. One of the benefits of working with a real estate agent is that you get access to exclusive listings of homes that have yet to reach the market. You can be the first one to look at them and decide whether to buy or not.
Furthermore, a real estate agent will finish all the paperwork and help you close the deal quickly. Another huge benefit is that you can actually get a part of the commission back at the closing, and here is how!
Some real estate agents offer 15% of the commission back
Looking for an excellent real estate agent can be a challenging and lengthy process. Furthermore, since you are a first-time homebuyer, you won't even know how to recognize a good real estate agent when you see one. Luckily, there are companies that connect buyers and sellers with real estate agents. On top of that, through them, you get 15% of the commission back at the closing of the deal. This is a fantastic opportunity that you should not miss. Buying a first home is very expensive, and any amount of money you can save will help you in the future.
Apply for North Carolina first-time homebuyer grants
Another way of financing the first home purchase is through various grants. These advantage loans will help you get a bonus from $5000-$8000, depending on the grant you apply for.
Each of the grants also comes with some requirements. You can get the grants only if you are eligible.
Median down payments across North Carolina
Depending on what NC city you choose, the down payment changes accordingly. For example:
• Raleigh first-time homebuyers will pay a 3% down payment of around $10,500 and a 20% down payment of approximately $70,900;
• If you are buying your first home in Charlotte, the 3% is $10,800, and the 20% is $71,900;
• Greensboro is a much cheaper option with a 3% down payment of only $6,800 and 20% at around $45,600;
Do thorough research before you pick the city where you want to buy your new home. Although the location is vital, you also need to consider your budget.
Do a home inspection before buying
Do not make the mistake of buying a home without doing a home inspection first. This is an essential step because it protects your investment. A lot of homes are in dire need of a remodel. Unless you are ready to pay a lot more money to renovate the house top to bottom, it is best to inspect. This can lower the price, which will work to your advantage.
This is where your real estate agent might help. They have a lot of connections and can find an appraisal person as well. It is worth paying a little extra if it gets you a better deal for your first home.
Start preparing for your relocation
Even though you are still not done with the home purchase process, it is a good idea to start preparing for the relocation on time. If you have never moved before, you will need a lot of guidance on packing and organizing everything. Supreme Movers offer an abundance of free guides and tutorials on packing, best moving practices, and valuable tips and tricks. Educate yourself about the relocation before you actually start doing anything.
That's how first-time homebuyers in North Carolina should look for a house
Hopefully, you will find this guide useful. It is aimed at first-time homebuyers in North Carolina, and it should help you better understand your options. Once you find a real estate agent, ask them any questions you have. They will provide all the answers and get you closer to your dream house in record time!
Written by: Lisa Roberts with US Moving Experts
|Posted on October 20, 2021 at 12:40 AM||comments (1)|
Practicing real estate ventures is something that many know nothing about. Either purchasing or selling a home can take quite a bit of your energy and patience. However, since many have gone through it before you, you'll be able to learn from their mistakes and avoid making your own. Selling or buying a home with unpermitted work is not a very common occurrence. Nevertheless, sometimes it's necessary and unavoidable. It can take a toll on your home insurance and your right to demand repairs if need be. If you're selling a home, having unpermitted work can make it hard. Let's see some particularities about such a process and how you should go about it.
Selling or buying a home with unpermitted work - what does it mean?
Unpermitted work is any work done on a home without the approval that the city must give. This can entail that the city does not know about the work done or finds it improper and will not stand by it. If you wish to add to something in your home, you must seek permission to do so. Those who don't end up conducting unpermitted work to see the venture through. They do this either out of lack of information and knowledge or because they know they won't get the permission to carry on with what they have in mind, so they disregard the city's opinion.
This is precisely why you should get a home inspection before purchasing a home. You never know whether someone has documented all the work they've done to their property or not. Additionally, the process could get tangled and messy, whether you're selling or buying a home with unpermitted work.
Should you purchase a home with unpermitted work?
Of course, at a single glance, purchasing a home with unpermitted work is a terrible idea that you should avoid at all costs. Since the quality of such work varies greatly, you never know what you'll find. It can even be dangerous for you and your family to reside there. Especially if you run into unpermitted work that concerns the home's foundation or its faulty wiring, the threat could be grand and even life-threatening.
Aside from these dangers, you could also end up with quite a lot of debt if you have to invest in repairs once you've bought the home. Financing these issues and paying for all that goes alongside it can take out a considerable chunk of your budget.
Local governments could also meddle in your case if you've purchased a home that has unpermitted work. They have the right to demand that you remove it, which is also a lot of work.
Hire a top real estate agent to help you
Although buying or selling a home with unpermitted work isn't highly recommended, no one has the right to stop you. If you do this, it's best to have top-notch real estate agents on your side. Make sure to look for an excellent real estate company with your eyes wide open.
How we can help
We are the leading real estate referral company throughout the United States. Our primary mission is to help buyers, sellers, and real estate agents find their best match. Simply put, we provide buyers and sellers with top real estate agents that are the best in their field. They're all checked-out, reliable, and experienced. However, there's an important detail that sets us apart from other referral companies. We've found a legal loophole that makes it possible for you to get a chunk of the referral fee back instead of it all going to Park Place. Of course, our real estate agents are compensated fairly as well. This makes what we do a win, win, win situation.
Hire a moving company
Aside from hiring reliable real estate agents that we'll be happy to provide, you'll also need a reliable moving company to help you with that part of the equation. As consultants at Cross Country Moving Group advise, professional movers will do wonders for your schedule as they are experienced and well-versed in all sorts of relocations. This means that you'll be able to relax and focus on other essential things.
How hard is it to sell a home with unpermitted work?
Although the negotiation process can be tough enough on its own, things are even further complicated if you're selling a home with permitted work. If you're an owner of such a home at the moment, there are some things you could do. Firstly, you need to ask yourself how much you can set aside for the necessary project that's ahead.
● Get the needed permits in a retroactive manner
● Sell your home in its current condition
Seeing how you're selling or buying a home with unpermitted work, you'll need to amp up your other safety measures. Other than keeping yourself and your family safe, you'll also need to protect your belongings. The best way to do this is to find storage that you can utilize for a certain amount of time. Ensure that you're looking for storage through reliable sources and that you're not falling for a scam. Luckily, you should have no trouble finding a quality facility in Florida that you can utilize.
Lying shouldn't be an option
Whatever you end up doing, know that selling or buying a home with unpermitted work should never prevent you from being upfront and honest. Especially if you're selling a home in this condition, you should clearly state your intentions and be upfront about any possible damage and the overall quality of the work that's been done. Of course, the best course of action would be to take the legal, moral, and honorable path and fix any unpermitted work that your property has undergone over the years.
Written by: Lisa Roberts with US Moving Experts
|Posted on September 27, 2021 at 5:10 PM||comments (0)|
A real estate rebate is a percentage of the agent's commission that the agent returns to the client. Some companies have a set amount no matter how much the property costs, while others calculate the rebate based on every deal. It is essential to know that not all countries allow real estate rebates. In fact, they are illegal in some states. Today we want to talk about how real estate rebate bans harm consumers and how that affects the entire real estate market.
How does real estate commission work?
To better understand why rebate bans harm consumers, let's start from the beginning and see how real estate agents are compensated. The job of a real estate agent is to help both buyers and sellers to complete the deal as quickly as possible. They are here to make things easy, help prepare the paperwork, and lead both sides through the process. They make money by charging a commission. Most real estate agents take a percentage of the total price, and some charge a flat rate.
What is the role of a real estate rebate?
The main reason why real estate agents started offering rebates is to gain new clients. It is not easy to stand out in the real estate market, especially when the competition is fierce.
The rebate is a percentage of the commission they charge to the client, and they usually give it back when the deal is closing. You can look at a rebate as a form of credit for closing the deal. As such, you can only spend it on paying closing fees:
• transfer or escrow fees;
• to buy mortgage points;
• pay appraisal fees;
• loan origination fees.
It becomes obvious how valuable a rebate is. It helps the consumer to pay for expenses and save some money.
With that in mind, if you are selling or buying a property, it is best to find real estate agents that will give you a rebate at closing.
Which states do not allow rebates?
If we look at how the rebate is used, it makes no sense to make it illegal. However, not all states allow it. States that prohibit the use of rebates are:
For example, if you plan to relocate to Louisiana, you are probably looking for affordable ways to handle tasks related to this move. If a rebate was possible, you could use it to cover closing expenses and save money for the relocation. However, because rebates are banned in Louisiana, you cannot use this option.
Why is rebate banned?
Simply speaking, a rebate ban is just another way to inflate the costs of real estate services. Consumers now have to pay thousands of dollars more to close the deal.
Another consequence is that there is no more competition on price between real estate agents; they are all forced to charge the same amount. At the same time, consumers are forced to pay the same inflated fees.
How to find real estate agents that offer rebates?
States that do allow rebates have a more flexible real estate market. Because real estate agents offer additional refunds, there is no monopoly over the price. It is in their best interest to provide the best terms to their clients.
An excellent way to find a real estate agent that offers rebates as high as 15% is through a company that connects buyers and sellers with real estate agents. They will do all the research and connect you with the best people in the area while ensuring that you get your rebate at closing.
If we consider how many real estate agencies there are, this is an excellent option. It frees the time you would otherwise have to spend researching and comparing agencies to find the one that meets your requirements. This way, you can relax, and the right person will come to you!
Real estate rebate bans harm consumers and affect the housing market
With the ban on real estate rebates, the housing market will quickly start to change. The prices can only go up because there is no competition between the agencies. They will have to look for other ways to attract new clients.
Another danger is that the percentage of bought and sold properties for these states might go down. People will look for better opportunities where they can get their rebates and save money. The moving industry has been very busy for the past two years, and there are no indications that it will slow down. People will move in search of a better opportunity, and that includes better buying terms.
As for people that already own properties in the states where rebates are banned, there is a chance that they might have to sell for a lower price. If the buyers go elsewhere, the market will have to adapt and find a new way to get them back. Lowering the costs is the first thing that comes to mind.
It is obvious that real estate rebate bans harm consumers, both sellers and buyers. In the end, even the real estate agencies might face the fact that the number of clients is dropping down. They can either lower their commission, which is not productive or move to a market that allows rebates. That can spell doom for any market hit by this ban.
Written by: Lisa Roberts with US Moving Experts
|Posted on August 25, 2021 at 5:25 PM||comments (0)|
If you're looking to purchase a home, one of the bigger decisions you have to make is about the condition of that home. Are you looking to buy a brand-new home that you won't need to work on, or is buying a house as-is more your style? The latter is the choice that people often make. When you purchase a house in "as-is" condition, the seller makes no promises about the home's physical state. You accept any flaws that may be present. Although this option has many upsides, it also comes with some challenges. Make sure that you have enough information before jumping into anything.
Is purchasing a home as-is for you?
Buying a house as-is isn't something that everyone would enjoy. It could be for you if you're a house flipper searching for a way to make money or if you're handy and know how to discover and solve problems. An as-is home may be problematic for many buyers. However, once you get into the game and acquire enough information, there isn't a reason why you couldn't do this.
A home inspection is imperative
Before buying a house as-is, make sure to have the home inspected. This might be one of the most important parts of purchasing a home. You'll need to plan and consider so many obligations during this time that it's easy to lose track of important things like this. Once you've found your dream home, don't get carried away. Be objective and rational. Have someone come by and inspect the place. Although it seems a bit boring and unnecessary at first, you never know what they can find. It can help save you from quite a bit of debt.
Home warranty negotiations are a must
Getting a home warranty service is basically signing a contract that covers the replacement or repairs of important system components of your house that are bound to break over time. This is most definitely something that you mustn't skip. Not only can a warranty be helpful when it comes to saving money, but it can also help you have peace of mind. It's one less thing to think about in the long run. For these and many other reasons getting a warranty should be a no-brainer, especially when buying a home as-is.
Connect with the top agents in the industry
If you're looking to purchase a house as-is, make sure to find the best options out there. You can do this by connecting with the top agents in the real estate industry. Park Place is a real estate referral company that focuses on referrals. It's the industry leader in this field. With the database of over one million real estate agents that shows which agents are selling, they do research to determine who the top real estate agents in your market area are. They match clients with a top real estate agent in your market with a proven sales record who will rebate you 15% of the total real estate commission. This way, you can save hundreds of dollars.
Research financing options before buying a house as-is
There aren't many financing options when purchasing a home as-is. Any conventional mortgages, that is, mortgages that aren't insured or guaranteed by the government, are available only for some properties. The issue here is that they are allowed to have only certain minor defects. Window cracks, a broken or damaged driveway, and little internal wall damage are all common occurrences.
Lenders are not willing to fund a property that is in poor shape. This is a dangerous situation for them. If the condition worsens to the point where the property loses a significant amount of value or becomes uninhabitable, the mortgagee may not repay the loan.
Plan a budget-friendly relocation
Of course, before you actually settle into your new home, you need to organize your relocation there. Seeing how purchasing a house can drain your budget, do your best to arrange a budget-friendly relocation. Yes, you can do it in a cost-effective way. Although you cannot save on every single part of your moving process, there are some areas that you can go around. Instead of purchasing new packing equipment, you can borrow someone else's, for example. Finding such ways to remove some of the burdens from your budget will be pretty helpful in the future.
Especially if you're buying a home as-is for the first time, it's only natural that you won't know everything right away. That being said, you should make an effort to do as much research as possible. This way, you'll have much better chances of getting your dream house. Don't be afraid to ask even the most basic questions.
● What do you know about the previous owners?
You could have some difficulties dealing with the former owners, depending on what they were like. These problems can be overlooked even during a thorough home inspection, especially if the owner makes every effort to conceal them. Get information on the previous owner if you want to avoid unpleasant surprises down the road.
● Have there been any pets?
Whether you own a pet or not, you should find out if one has previously resided in the house you're buying. Don't forget to ask this question, especially if you or anyone in your family suffers from allergies.
● Where is the sunny side?
Small touches can make a big difference in how you organize your new home and how you live there. You can always get blinds if the light bothers you. However, you will have difficulty bringing more light into your new home if you want it. This means that if you're purchasing a house as-is, you need to be careful.
Follow your gut
Finally, once you have all your facts straight, make sure to follow your gut as well. Don't go into buying a house as-is simply for rational reasons. Make sure that you're in this because you actually want to be.
Written by: Lisa Roberts with US Moving Experts
|Posted on August 6, 2021 at 5:55 PM||comments (0)|
Did you think that selling a house costs nothing and is only a way to make some money? Well, sorry to disappoint, but selling a house in New Hampshire, or anywhere else for that matter, comes with a set of expenses you probably know little about. So, the whole ordeal can turn up pretty expensive. Think about the repairs and staging you will have to do before listing, then the agent's commission and closing costs. Unfortunately, it all adds up and can eat up as much as 10% of your home value.
In some cases, the sale costs can be even higher. This article will go over all the hidden expenses of selling a home in New Hampshire. Also, we will give you some tips on how you can reduce these costs. Real estate rebates are one example of how you can do that.
Average expenses of selling a house in New Hampshire
Average homes sell for $300,000 to $400,000 in New Hampshire. So, if we take that you want to sell your home for about $320,000, you may end up paying a whopping $55,000 to actually sell it. Of course, the exact amount will depend on various factors and your situation, but, as we have mentioned, prepare yourself to pay 10% or more to finalize the transaction. It will be the most realistic expectation if you get full service from your real estate agent.
These are the most common expenses that home sellers in New Hampshire face:
• Preparing your home for sale - home improvements, renovations, staging
• Realtor commission
• Buyer incentives, i.e., seller concessions
• Closing costs
• Relocation costs
Of course, the exact costs of these are not set in stone. Firstly, sometimes you can negotiate your agent's commission. Also, you may want to opt for an FSBO (For Sale By Owner) option and bypass an agent. Secondly, every home is different, and the improvements and renovations will cost differently for different houses depending on the work done. Also, relocation costs are very case-specific and depend on how far you are moving and how big of a household you will transfer. The experts from fit2movenh.com advise getting free moving estimates from several companies to get the idea of how much your relocation will cost and pick the company that will suit your needs best.
Furthermore, keep in mind that a portion of the money will also go on mortgage payment if you haven't paid off the house you are selling.
Now, we will discuss each of the points mentioned above in more detail.
Preparing your home for sale
You always have an option to sell your home "as-is." However, if you want to make more, increase your home value, and attract qualified buyers, you will have to invest in some improvements. Of course, you will have to consider what type of improvements to implement to ensure the most ROI.
Depending on the age and state of your home, its size and layout, the garden size, and repairs your real estate agent has deemed necessary, the costs of preparing your home for sale will vary considerably.
Still, there are some improvements you will be best off making:
• painting the interior
• replacing or cleaning the carpeting
• hiring professional deep cleaning service
• doing minor repairs
More extensive projects will require a more considerable budget. Therefore, you should discuss your plans with your agent to determine whether they would be a wise investment. You don't want to spend a tremendous amount of money on a renovation project, and the added value it brings is nowhere near the amount you invested.
Agent's commission fee
In New Hampshire, real estate agent commission fees are typically around 5-6% of the home's final selling price. Since there will likely be the buyer's agent as well, this percentage is shared between the two agents.
Now, this is where Top Agent Rebate comes to the rescue. They will connect you with an agent who has the expertise to guide you through the entire process and ensure you get the best deal possible. On top of that, they will rebate you 15% of the commission fees back. Whichever type of real estate transaction you need, they will pair you with a reliable agent.
Thus, if you are in the business of selling your home, why do it on your own when you can benefit from expert advice from an experienced agent and get a portion of their commission back. So, fill out the application and sell your home quickly and most affordably.
Negotiations and incentives you may offer
Once you list your home for sale and an interested buyer places an offer you are willing to accept, negotiations begin. Sometimes, you may want to incentivize the buyer to purchase your home by making specific concessions. Depending on the area you live in, the market, and the demand, offering incentives may be necessary to ensure the deal actually happens.
Seller concessions may include offering to pay for home inspection fees or even home insurance, giving some repair credits (if the buyer notices some issues with the house they don't like, they will likely use it as room for negotiation), or covering closing costs. Typically, these concessions range from 1.5% to 2%, and the type of loan the buyer got limits them in terms of how many demands they can make. However, concession can take up as much as 9% of the total selling price in some cases.
Closing costs actually imply a variety of different fees and expenses. Both the seller and the buyer pay for these. Closing costs include the title insurance, outstanding bills, taxes, and fees, transfer taxes, and recording fees. Moreover, they also involve attorney fees which are required in New Hampshire. Finally, it may include a loan payoff fee if that is applicable. All in all, closing costs take up between 1% and 3% of the total home selling price. That is, that is the amount the seller will typically cover. The remainder of the costs falls on the buyer.
However, when it comes to closing costs, everything is negotiable. So, who will pay for what exactly depends on the situation. Having a real estate agent by your side is good to have in these situations as they can explain and predict how much you, as a seller, can expect to pay.
Moving expenses are most commonly an integral part of the home selling process, and you have to consider them as a good chunk of your final home sale profit may go to cover them. Again, depending on how far you are moving and how many items you are relocating, the costs will vary. Moreover, there is also an option of a DIY move, in which case you can save considerably. However, it is crucial to determine what the simplest way to transfer to a new home is. Sometimes, hiring residential movers is the best and the most cost-efficient option.
Furthermore, it's not only the move itself you will have to pay for. Sometimes, the new home is not ready for moving in yet, but the house has already been sold. If that happens, you may have to pay for temporary accommodation and/or a storage unit. If there are such gaps, and this is not something you can easily predict, you must factor in all the potential expenses.
The bottom line
As you can see, there are many hidden expenses of selling a house in New Hampshire. So, the process may prove pretty costly. It doesn't help that closing costs in this state are above the national average. However, they are inevitable, and you should prepare to cover these expenses. Still, with the help of real estate referral companies, such as Park Place Realty Network, you can lower these expenses.
Written by: Lisa Roberts with US Moving Experts
|Posted on July 23, 2021 at 3:45 PM||comments (0)|
Once you understand how difficult it is to deal with real estate, you might think that working with a long-distance real estate agent is a lost cause. But, in actuality, a long-distance real estate agent can do you a world of good. What is paramount here is to do your research and find the right one. After all, the most challenging aspect of them being far away from you is tracking their performance. With this in mind, we will give you a couple of tips that should help you find and work with a good long-distance realtor.
Prepare for working with a long-distance real estate agent
It is better to have a good long-distance real estate agent than a poor local one. While this may seem obvious, it is still worth emphasizing, especially if you are unsure where to start looking for one. Numerous companies out there can help you connect to Realtors and ensure that you have one in your market. But, it is the quality of the agent, not their location, that you should keep as a top priority. The only way to make this possible is with careful preparation and diligent research.
Figure out what do you want out of your realtor
We would first advise you to get a clear idea of what you want out of your realtor. Do you want them to help you sell your home, or should they also clue you in about renovations? Are you trying to find a home and need someone with in-depth knowledge of the local market? Or are you considering renting in a different state and need someone to find you an apartment while you prepare for the move with a company such as State to State Move? The more clearly you can outline what you need, the easier it will be to find a realtor to help you.
What is essential to understand here is that every real estate agent has an area where they are experts. Some are experts in selling homes and altering them for maximum profit. Others know how to find suitable apartments for rent and ensure that you don't have to deal with bad landlords. So, it is always a good idea to know what you need. That way, you can find a realtor with the most experience.
Do online research
The next step is to go online and see what kind of realtors are available. Depending on where you look, you may find dozens of different realtors at your disposal. What you need to do is sort them. First, make sure that they have the necessary licenses (these can differ between states). Ideally, you will find their ratings and reviews from previous clients and see how dependable they are. Once you find the top three that you like, you can proceed to the next step.
Conduct an interview
The interview is arguably the most important step in finding a good realtor. Someone can have terrific online reviews and recommendations from previous clients. But, if their personality is not compatible with yours, you shouldn't work with them. Even though this is a professional project where capabilities should come first and foremost, the temperament of your relator can play a significant role. If you two can't see eye to eye, you will soon clash and likely separate. So, conduct an interview and see what they are like.
Good questions to ask are:
• How do you envision our collaboration?
• Can you tell me about your past experiences?
• Who was your most challenging client?
• How did you handle them?
• What should I expect from you?
While there are further questions you can ask when buying real estate, these should give you an idea of what the realtor is like and how they behave in a professional setting. The more you talk to them, the more you will see whether you can communicate easily and whether they understand your needs. Finally, you should always trust your gut and avoid realtors that give you a bad feeling, even if they have excellent ratings.
Ensure proper cooperation
As we said, having a good realtor by your side is half the battle. Even if they are not physically by your side, they will make dealing with real estate a whole lot easier. But, while finding them is vital, you need to take a couple of more steps to ensure that your cooperation goes smoothly.
Firstly, you want to communicate with your realtor regularly. Even if there are no updates, you still want to check up on them at least once per week. That way, they will keep you and your needs in mind. You should inquire about any changes in the current market and see what their predictions are.
Furthermore, if you are also dealing with cross-country relocation besides tackling real estate, it is paramount that you can clearly and easily communicate with your agent. More often than not, they can give you valuable insight on when to move and how to prepare. Combine that with the advice you get from your movers, and you can easily get everything you need ready for the move ahead.
Relying on your intuition can only take you so far. To avoid being led on by dishonest realtors, you should have clear milestones. Just like moving companies give you clear timelines to follow, so should your realtor explain what's to come.
When to break off
Working with a long-distance real estate agent isn't always fun and pleasant. You might run into issues and struggles that you'll need to find a way out of. A good realtor will give you a clear explanation of what is going on and a comprehensive solution to your problems. If they don't, and they only give you excuses, you should consider letting them go. Remember, every minute you spend working with a bad realtor is a minute you could've spent working with a good one. And companies like Top Agent Rebate are always happy to connect you with one.
Written by: Lisa Roberts with US Moving Experts
|Posted on June 16, 2021 at 3:20 PM||comments (5)|
Real estate is never a bad investment. People will always need homes to live in, and although the market can sometimes be volatile, it always bounces back. However, choosing the right property to invest in can be difficult. You’ll want something that isn’t likely to drop in value. Additionally, it needs to be easy to sell or rent the property out. Otherwise, it will be hard for you to get a return on your investment. In this article, we will look at some up and coming NJ neighborhoods you should consider if you are looking to invest.
What to look for in an investment property
There are two types of investment properties:
• You could research what’s trending and get a house or condo that fits that description. It will be easy to rent out this type of home since it has all the currently in-demand features.
• Find something that is cheap and do a fix and flip. It’s okay if your chosen property doesn’t initially have all of the features buyers and renters are looking for. You can adapt it so that it has all of the amenities that are trending.
Hire an experienced realtor and talk to them about your needs. When you end up talking to the owner, it’s essential to ask the right questions. Find out if pets are allowed on the property and what parking is like in the area. These are features that future renters will be interested in, so it’s good to know in advance.
How to get the most out of your investment
Since you are in the market for an investment property and not the house of your dreams, it’s imperative to consider the bottom line. You should be doing everything you can to get a better return on your investment. An excellent way to save some extra money is to hire a real estate agent through topagentrebate.com since they will rebate you back 15% of their commission. Depending on the property’s value, that rebate could be quite a lot of money that gets put back into your pocket.
Another great way to save money is to have a home inspection. It will undoubtedly uncover some issues with the property. You can then use that information in negotiations with the owners to lower the asking price. A home inspection can also inform you of what needs fixing and what additional costs you can expect.
Moving to New Jersey
Perhaps you are researching New Jersey because you are thinking of relocating there. There are many up and coming NJ neighborhoods you should consider if you are looking to invest. Buying a home in an area that will rise in value over time can be a wise long-term investment. You don’t have to flip the property straight away. You can hold on to your investment for a few years and enjoy it.
Owning property in NJ can also be an excellent incentive to move there. You will probably need to hire New Jersey movers that can handle any type of relocation with ease. Owning a second home and moving back and forth has also become a popular life choice. You can spend several months a year in your NJ home and then sell it when the market is right.
Best New Jersey areas to invest in
You pretty much can’t go wrong if you choose to invest in New Jersey. NJ has many neighborhoods close to New York, with significantly lower prices than their counterparts in the Big Apple. Here are some of the best up and coming NJ neighborhoods you should consider if you are looking to invest:
1. Newark has moderately listed home prices and has been on the rise for the last several years. It might be a good time to consider jumping on board. Located just across Manhattan, Newark has several schools, a nearby airport, and numerous entertainment options. A thriving tech hub has also recently emerged, making Newark an exciting choice for young people seeking job opportunities and accessible housing. Developers are eyeing the area, and gentrification is taking place, so you better hurry if you want to invest in Newark.
2. Cherry Hill, located within Camden County, one of the most prominent Philadelphia metro areas, has become a bargain for investors and developers. Cherry Hill is also popular with renters, so you will have an easy time finding tenants since the prices are a lot higher in Center City. Home prices have been stable, but many have realized the allure of cheaper housing located just a 20-minute car drive from the center of Philadelphia.
3. Weehawken is another neighborhood just next to Manhattan, so it’s easy to see why its popularity has been on the rise. Increased demand has seen property prices rise in the last couple of years, but prices are still below some neighboring areas. Tax reevaluations have caused some homeowners to get rid of their properties, so the market has multiple options for those looking to buy.
4. Hoboken has constantly been performing well in the real estate market. Although home prices are high in Hoboken, the local market is strong and has shown no signs of stopping. You might want to consider snagging property this close to New York while the costs are still somewhat reasonable. Properties in the western part of Hoboken are a bit cheaper and consist of many family homes. This makes Hoboken an interesting place to invest in, but also a place you might want to consider calling home.
Regardless if you are just considering investing in New Jersey or plan to move there, you will probably need some help with logistics. You can contact Superior Moving & Storage for moving, packing and storage services. Getting those handled by professionals will definitely take a huge load off your shoulders. You are then free to focus on taking care of the other, more important details.
As you have seen, there are many up and coming NJ neighborhoods you should consider if you are looking to invest. The close proximity of New Jersey to New York makes it a popular choice for permanent living and investment properties. Hire an experienced agent that will help you find the best property for your needs and give you a rebate as well and start house hunting today!
Written by: Lisa Roberts with US Moving Experts
|Posted on March 3, 2021 at 6:05 PM||comments (15)|
When you are in the market for a new home, there are so many things to consider that it will be easy to lose track of everything involved in buying a house. We can't stress enough the importance of a home inspection before buying. Once you have finally found your dream home, it's perfectly fine to get excited, but it's not time to let your guard down yet. Knowing what to expect when going into a new home can save you a lot of stress. You will be able to plan for future expenses for repairs and hopefully save money when purchasing the property by lowering the price.
We will outline the importance of a home inspection before buying a house in this article, but if you feel that you are at a loss what to do, contact us at topagentrebate.com, and we will connect you to a top real estate agent who will not only guide you through the process but also rebate you back 15% of their commission.
Make a checklist
Like with any big project, the key to success is proper planning. Most home inspections will reveal certain weak points in the property that you will need to address. Start planning ahead of time, and you will be able to map out a timeline for the home inspection and, more importantly, any additional repairs that might follow it. Our advice would be to hire a professional and to avoid doing the inspection yourself. You are bound to miss certain things that wouldn't slip by a professional, making it a worthwhile investment. Prices for home inspections can vary based on the property's location and size, but they usually go for several hundred dollars, and they will most often save you much more than that.
You can always ask one of our top agents for a recommendation since they have many contacts in all the relevant fields and will probably be able to secure you a good deal too. If you have planned correctly, all of the work will be done on time, and you will avoid any nasty surprises after you have already moved in. However, if you find that something is wrong after the relocation, you can always reach out to hnmovers.com again to move out your possessions and allow for repairs.
Know what your ultimate goal is. It may seem obvious, but the idea is not just to find out what's wrong with a certain property because even newly built homes will have something lacking that can be exposed by a thorough inspection. Your goal at this point is to save money. You can use some of the issues brought up by the inspection as a good negotiating position to lower the purchasing price or get the seller to do some of the repairs. The negotiation process can be long, as both parties will try to get a good deal.
Repairs to the home are up to the seller, but instead of insisting that they handle everything, you might want to lower the purchasing price and tackle some of the issues yourself. By doing so, you will know that everything is done correctly, and you can also renovate to your liking. Another way to save money is to get a real estate commission discount, and you can use the money you save for work on the house after the purchase.
What is covered by an inspection?
An experienced inspector can perform his examination of the property within 3 hours. Although you will later get a detailed report, it is highly recommended that you are present during the survey. You will quickly realize the importance of a home inspection before buying since a professional can let you know of any problems they encounter as they go. By being there during the inspection, you can get a firsthand explanation and ask any questions.
Precisely what an inspector will check can vary by state, but there are detailed standards of practice that outline the required minimum. The most important things a home inspector will review are:
● Roof – damage to the roof or poor installation could lead to water damage to the house.
● Foundation – in most cases, the foundation is not visible, so inspectors will check for signs of settling like cracks in walls or floors.
● Exterior walls – cracks on the exterior walls could possibly be minor cosmetic issues, but a good inspector will point out the most severe problems.
● Plumbing – inspectors will check the overall water pressure and inspect faucets for leaks. In cases of old plumbing, a secondary inspection might be needed to check out the pipes.
● Electrical – all of the power outlets and the electrical panel need to be tested for safety issues.
● Fire safety – smoke detectors need to be functioning.
● Heating, Ventilation, and Air Conditioning (HVAC) – insulation and ducting need to be efficient, asbestos insulation should be removed, and ovens, as well as AC units, need to be functioning properly.
What is not covered by a home inspection?
You need to be realistic that a home inspection can't reveal everything and that the inspectors conduct an examination based on visual cues. Most inspectors are not specialized for every single issue a home might have, but they could probably refer you to other specialists if you want to investigate any potential problem further. Additional or more thorough inspections will cost more, and if you are interested, you can ask your initial inspector for an estimate of what it would cost. Home inspectors do not check the following issues, although signs of some problems can be found while inspecting:
● Termites and other pests
● Inside of walls
● Inside of pipes and water lines
● Toxic mold
● Behind electrical panels
● Inside chimneys
When purchasing real estate, the importance of a home inspection before buying cannot be understated. An inspection could reveal significant issues on the property and let you opt-out of the purchase, thus avoiding a huge money sink. You can also save money by getting the seller to lower the price or having them do some of the repairs before you buy. If you work with the best Realtor, you can also look forward to additional savings from a real estate rebate, giving you more spending power for your dollar.
Written by: Lisa Roberts with US Moving Experts