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Consider this: if you needed work done on your teeth, would you go to a dentist or do it yourself? The same theory applies to real estate. The art of selling a home is something that takes years to perfect. There are so many aspects of home sales that the average buyers and sellers are unaware of. Also, there are many aspects of the process that are only easily available to a Realtor. The actual process of selling a home is very time consuming, and right about now, the seller has many more important things to consider, such as the impending move.
Realtors spend years learning the art of selling and how to interpret the real estate market. They can offer you insight and information that only comes from years of experience. Realtors are also experts on their area; they know the communities and what they have to offer, the location of schools, transport routes, and how the current market will affect the sale of your home. Using a Realtor to sell your home has several advantages over a for sale by owner (FSBO). Perhaps the most important of these advantages is exposure. The marketing of your home is of the highest importance. Without a robust marketing plan, your home will not be seen by prospective buyers, and as such, will take much longer to sell. Realtors utilize the latest in internet technology to ensure that your home is seen by as many buyers as possible. Also, realtors have a large budget to purchase ads, hold open houses, and create flyers and information packs about your property. Realtors can also utilize a CMA to evaluate the correct value of your home and to price it correctly in your local market. This will enable your home to be competitive and attractive to buyers. Remember, homes sold by a Realtor sell for considerably higher than homes sold by the owner in most cases. Use a professional to sell your home, and free up the time you need to organize yourself for the process of moving your own new home.
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If you are a renter who is tired of paying someone else's mortgage and want to own your own home, there are many ways to buy a real estate; one of them is Rent to own (RTO) option, a means of acquiring ownership over time without taking on debt. The renter agrees to lease the home for a predetermined time, usually from one to three years. There may be an up-front consideration fee. The seller allows the buyer to lock in a monthly price for the property until it is paid off. This is a way to settle on something that is right for you even if you are not in the position to make an immediate purchase. A lease purchase can make your rent money work for you instead of making your landlord rich.
This type of agreement works well with those who are new to the housing market or have made a job transition. It also is positive for anyone who needs to strengthen his/her credit or pay off an obligation to qualify for a home purchase. Another advantage to a rent to buy situation is that if you compare how much rent money is applied monthly to the home price, even if it is only 25-50%, it will still be much more money paid on the principal of the house than if you had taken out a loan for it. If you look at how much money goes to the principal payment of a home with a typical mortgage loan, you will find that most of your mortgage payment in the beginning is just paying interest on the loan. The best part about this is that with a rent to own home, you get to live in the home you want to buy while you work on fixing your credit up. This creative process of how to buy a rent to own house is becoming more and more popular because it creates a "Win - Win" scenario. The Buyer is able to get into a home with limited money and credit, and the Seller is able to get a fair price for their home and get it sold more quickly. There is so much to remember when you are moving! These moving tips may include a few things you hadn't thought of or things you just need to be reminded of. Forget that safe deposit box, for example, and you may have to drive a long way to get at it!
1. Get rid of things. Consider carefully what you need to keep. People spend hundreds of dollars to move things that will undoubtedly be thrown away some day. It's not just a matter of the expense but the hassle too. Moving time is the best time to get rid of the things you really don't need. 2. Have a yard sale. It's a good way to get rid of those things, and you might even raise enough money to help pay for the move. 3. Use lists. You will forget things, especially if you don't have a list or two. Start with a list of things to do before the move. It may include getting school documents transferred, filling out change of address forms, returning borrowed books and movies, transferring prescriptions, getting maps, and arranging utility shut offs and start ups. 4. Make the the moving company reservation a month ahead. You wouldn't want to find out they are booked up on the date you need them. 5. Pack early. It's hard to say how long it will take until you are doing it. Start early to avoid running around looking for boxes at the last moment. 6. Have an "essentials" box. This will have things to make your arrival easier, like toilet paper, paper plates, soap and such. Pack the box where it is easily accessible. 7. Check weather reports. It's no fun arriving in a snowstorm or moving during a hurricane. Allow for extra moving time if the weather is going to interfere with your move. 8. Notify family and friends of your new address and phone number(s). 9. Save your receipts. Save receipts for moving expenses, like gas, hotel rooms, and anything else related to the move. Then ask your accountant or tax preparer if you are eligible for a tax deduction for moving expenses. 10. try to re-establish your routines quickly. It helps to quickly re-establish routines in your new home, so if Friday night is movie night, don't break with tradition. Moving is less traumatic, particularly for kids, if you have some consistency in daily life. |
AuthorDana Kern is the Principal Broker at Lokahi Properties Archives
January 2020
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