What to Know If You’re Buying or Selling a Home

What Are Some Of The Best Ways I Can Get My Home Ready For Sale?

As the saying goes, “You never get a second chance to make a first impression.” In today’s market with so many online shoppers, it’s essential to make your property stand out in a positive way. You want to encourage buyers to see your property in person. Take a close look at your property through the eyes of a buyer. Boost your curb appeal with a pop of color, trim trees, and freshen the walkway. Inside, focus on decluttering. Try to remove personal items and pictures so buyers can envision themselves there. Help the buyer develop positive feelings about the space and imagine living in it. The kitchen, main living space, and owner’s suite should be priority areas. Deep clean, scrub walls/doorways, and touch up paint if possible. The condition of the property directly affects the sales price.

Do You Recommend Working With A Professional Stager?

Not all properties require professional staging; however, consulting with a staging expert who can provide open and honest direction is highly valuable. We personally walk every property and provide guidance regarding positioning the property for its greatest marketing success. Staging can help buyers see a room’s potential. Too many personal items can be distracting, but bare rooms can come off as cold and impersonal. Effective home staging can be the solution.

How Long Could My Home Potentially Be On The Market?

Average days on market for Rockwall County is currently 38 to 40, which has dropped from nearly 60 in March. Although many have in mind last year’s record of seven days on the market, the current market has normalized and is comparable to May 2020. It is spring market now, and buyers are out looking, but the inventory remains low. The current market has benefits for buyers and sellers. For those of you who sat out, now is the time! I’d love to help you. Email me at [email protected].

How Can I Make My Offer Competitive?

There are many facets to an offer. Length of the option period, amount down, option fee/earnest money, appraisal waiver, sales price, and the number of days to close are all examples. It’s important to have open communication with the seller’s agent to know what is most important to the sellers. For example, do they need a lease back after closing? Are they relocating with a deadline that needs to be met?

What Should I Plan For In Terms Of Closing Costs?

Many closing costs are negotiable as to whether buyers or sellers pay. Buyers can expect to pay three to 5% of the loan amount. Sellers can expect to pay six to 8% of the home’s sale price.

Is An Interest Rate Buydown Worth It?

Yes, if the buyer plans on keeping the mortgage long enough for the monthly payment savings to at least equal money paid upfront. It will also depend on each buyer’s situation. Some might have a better way to use this money, like paying off a high-interest credit card.