Thursday, March 4, 2021 / by Flr Team
Some people get really excited to put their house on the market but aren’t sure what the process looks like for that. Homeowners need to know what it takes to avoid costly mistakes when it’s time to move. Being mindful and prepared for the process can help you stay on the right track when putting your home up for sale.
The most important ingredients to selling your home are as follows:
A property is worth what another is willing to pay for it and in the current market, it’s common to believe that buyers will pay whatever we ask when deciding a listing price. But that isn’t always true. A Real Estate professional can help you decide what the best price would be for your home based on comps in the neighborhood.
Favorite phrase of appraisers: ‘Location, Location, Location!’ It is critical for you to understand how location factors into this. The buyer’s bank will send an appraiser to determine the fair value for your hous2 ...
Wednesday, February 24, 2021 / by Flr Team
Do you know what type of credit score you need to purchase a home? Manypeople think it has to be flawless, but that’s actually not the case. Scores can be in the 500s but the higher the credit score, the more rewarding it is. You can get a lower interest rate which in the long run, is very beneficial. But if you do have a lower score, you aren’t completely out of the game.
For the majority of loans, you need a minimum score of 620 to qualify. But don’t let that hold you back.There are many different loans that you can qualify for based on your score. If you are not aware of them, here are some of the common ones:
Conventional Loan: 620 Score
Is not guaranteed or insured by the federal government. Most conventional mortgages are “conforming,” which simply means that they meet the requirements to be sold to Fannie Mae or Freddie Mac. Fannie Mae and Freddie Mac are government-sponsored enterprises that purchase mortgages from lenders and se; ...
Thursday, February 18, 2021 / by Flr Team
We have gained a lot more knowledge from 2020 but our biggest lesson was learning how to help others move during a Pandemic. Ensuring our clients' experience was seamless and safe was our biggest priority, as well as figuring out the best practices to put forth in order to do so.
Something that initially came up for everyone was the travel restrictions. Being unable to travel or not wanting to travel during the pandemic, we relied a lot on zoom sessions to "meet" and lots of emails, texts and phone conversations to get to know each other. When it came to viewing properties, video walkthroughs became much more common. We've always provided this service, but even more so now. Zoom sessions for walkthroughs or recorded videos gave the buyer a better sense of the property, neighborhoods and layout. We could also look closer at the details for them, i.e. the age of the A/C, the type of electrical panel, any stains in the ceiling, weird smells, etc. Some buyers ...
Wednesday, February 10, 2021 / by Brittany Adamson
Selling your home is a big endeavor that should include working with a Real Estate Professional. Here’s a few reasons why you should consider using a REALTOR when selling your home:
First of all, a REALTOR has access to a variety of data platforms that include recent home sales in your neighborhood as well as day-in and day-out experience with what’s sold in the area. This will allow you to get the best price for your home in the current market. In addition, a REALTOR can access your local MLS where your home will be featured, so they can showcase the various details of your property to those buyers looking in your area.
Selling your home is a full time job--it will be difficult to juggle work, answer showing requests, plan showings, create flyers, invest in additional market exposure, communicate with title companies, homeowner’s associations , lenders, and so much more. A REALTOR becomes your marketing specialist. They ...
Wednesday, February 3, 2021 / by Flr Team
Are you thinking of putting your home up for sale within the next 3-6 months? NOW is definitely the time to do it! Why? Because we are currently in a seller’s market. This means the demand exceeds the supply.
Our agents have a lot of interested buyers but the Real Estate inventory is low. With fewer homes being available, sellers have the advantage!
How so? When you are in a Sellers Market...
-Homes sell faster
-Buyers compete with each other in order to score the property
-This often makes buyers spend more on a home
-Increased interest means that buyers have the power to negotiate
-Buyers are more willing to accept properties as-is
In addition, with the shortage of homes available, this typically leads to a lot of bidding wars. During the bidding war process, buyers will make competing offers and drive up the price which typically exceeds what the seller initially asked for.
With that being said, if you haven’t checked out a recent home valu ...