Realty Vision


Posted by Realty Vision on 9/13/2018

A home appraisal enables a seller to learn about the value of his or her house relative to the current housing market. As such, an appraisal represents an important opportunity, particularly for a seller who wants to maximize the profits from his or her home sale.

Ultimately, it helps to plan ahead for a home appraisal. If you prepare for an appraisal, you can use the appraisal results to achieve your home selling goals in no time at all.

Let's take a look at three tips to help you get ready to perform a home appraisal.

1. Learn About Your Home's Strengths and Weaknesses

What you initially paid for your house is unlikely to match the current value of your residence. Fortunately, if you understand your house's strengths and weaknesses, you can prioritize home improvements and complete these upgrades. As a result, you may be able to boost your chances of receiving a favorable property valuation during a home appraisal.

Also, it may be beneficial to conduct a home inspection before you schedule an appraisal. That way, you can use the inspection results to determine which areas of your house need to be upgraded.

2. Assess the Housing Market

The present real estate sector will impact the valuation of your house. To establish realistic expectations for a home appraisal, it often helps to analyze the current housing market.

If homes are selling quickly, this likely indicates that a seller's market is in place. This market favors sellers and may enable you to receive plenty of offers if you establish a competitive price for your home.

Comparatively, if homes linger on the real estate market for many days, weeks or months, a buyer's market may be in place. In this market, you may need to set an aggressive price to help your residence stand out to potential buyers.

3. Consult with a Real Estate Agent

A home appraisal is an important part of the home selling journey. And if you collaborate with a real estate agent, you can work with a home selling expert who can help you maximize your property valuation during an appraisal.

With a real estate agent at your side, you can receive comprehensive support throughout the home selling journey. A real estate agent can put you in touch with the top home appraisers in your city or town. Furthermore, a real estate agent can help you determine how to price your house to ensure you can stir up significant interest in your residence.

A real estate agent also is happy to help you review any offers on your home. If you're unsure about whether to accept, reject or counter a homebuying proposal, a real estate agent can help you weigh the pros and cons of each option.

Ready to conduct a home appraisal? Use the aforementioned tips, and you can perform a home appraisal before you add your residence to the housing market.




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Posted by Realty Vision on 9/6/2018

If you are preparing to buy a house in the foreseeable future, you'll want to check out lots of home listings. That way, you can browse dozens of residences at your convenience and boost your chances of finding a terrific house.

Ultimately, there are several factors that homebuyers should consider as they evaluate house listings, and these factors are:

1. A Home's Age and Condition

A home's age and condition are key considerations for all homebuyers, at all times. If you assess a house's age and condition in a home listing, you may be better equipped than ever before to determine whether a residence is right for you.

Oftentimes, a home seller will provide the year that a residence was built in a house listing. A seller also may include details about any home upgrades and when these were performed, such as the installation of a new roof or heating and cooling system.

Study a house's age and condition closely you'll be glad you did. If you evaluate these factors in a home listing, you can narrow your home search as needed.

2. A Home's Price

You know that you want to acquire a house, but you need to consider how you'll pay for a residence too. Fortunately, a home listing includes a house's price, ensuring you can find out whether a residence falls within your price range.

If a house exceeds your price range, you may still want to check it out as well. Remember, the initial asking price of a house is not set in stone, and you may be able to negotiate with a home seller.

For a buyer who reviews a house listing and is unsure about whether to pursue a residence based on its price, assistance is available. In fact, if you meet with local lenders, you can evaluate many mortgage options, get pre-approved for a mortgage and establish a homebuying budget.

3. A Home's Location

Think about whether you want to live in a city or town as you assess home listings. By doing so, you can perform a fast, efficient home search and increase the likelihood of discovering a house in your ideal city or town.

Furthermore, it usually is a good idea to think about your day-to-day activities prior to looking at home listings. If you want to own a house that's close to your office in the city, you may want to review home listings for residences in or near the city itself. Comparatively, if you prefer small town living, you can examine home listings in small towns across the United States.

If you need assistance during your home search, you may want to hire a real estate agent. This housing market professional can provide timely, accurate home listings for residences as soon as these houses become available. As a result, a real estate agent can make it easy for you to pursue many outstanding residences and find one that you can enjoy for years to come.




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Posted by Realty Vision on 8/30/2018

If your household budget seems a little tight, lately, there may be several ways to ease it.

It's amazing how many people do not keep track of where their money goes, which is often the reason it disappears so quickly!

Another piece of the puzzle is the fact that we're all creatures of habit. With few exceptions, most of us go through the motions of our lives on auto-pilot. In some ways, that works to our advantage, but in other ways, it can hinder our progress.

Saving Money Begins With Awareness

One approach to reducing stress and improving the quality of life is to save money and curb expenses, whenever possible. That doesn't necessarily mean you have to deprive yourself or your family of anything you need or want. What it does mean is eliminating spending that is wasteful, unnecessary, or redundant.

The first step involves sitting down and creating a household budget on your computer. There's no need to purchase and learn any fancy software. Many people are comfortable with creating budgets and other documents on Excel spreadsheets or Quicken, while others prefer setting up simple tables on a word processing program like MS Word. The interesting thing about creating a document with your monthly expenses and income on it is that it provides a visual depiction of your cash flow. In other words, it shows where, when, and how your money is coming and going!

Analyze and Take Action

After you've identified areas in which you can cut back without causing any hardship, the next step is to actually implement those changes. If you weren't able to identify any sources of wasteful, unnecessary, or excessive spending from creating a budget, then take a look at your monthly invoices for items like credit cards, cable TV, cell phones, and other services.

By examining the services you're paying for, you may realize you're paying for more than you need or even use. Sometimes by switching your service plan to a more basic option, you can save hundreds of dollars a year. In the case of credit cards, if you've been paying your bills on time and not making a habit of maxing out your account, you may be able to request and receive a lower interest rate. This is yet another way to reduce your expenses and keep more of what your earn. Comparing insurance plans and switching to a more economical plan or provider is another strategy for reducing costs and easing budgetary strains.

There are also free worksheets, budget calculators, and other resources online that can help you take charge of your spending and saving habits. Setting financial goals, establishing priorities, controlling impulse buying, saving a portion of your income (especially bonuses, tax refunds, and raises) and keeping track of your spending on a daily basis are also key parts of an effective money management plan. As a side note: If you need to consult with a reliable credit counselor for help, the U.S. Federal Trade Commission provides helpful information.





Posted by Realty Vision on 8/23/2018

Ready to purchase your dream home? Before you finalize a home purchase, it may be worthwhile to schedule a home appraisal.

With a home appraisal, a property expert will examine a residence both inside and out. The home appraiser then will offer a property valuation.

In some instances, a home offer may be appraisal-contingent. And if the home appraisal valuation falls below the amount of a buyer's offer, the buyer may request a renegotiated price.

A home appraisal may prove to be an important part of the homebuying process. As such, it is paramount for homebuyers to understand what an appraisal is all about and determine whether to conduct an appraisal.

To better understand home appraisals, let's take a look at three home appraisal facts that every homebuyer needs to consider.

1. An appraiser's valuation is his or her opinion of what a residence is worth.

Typically, a home appraiser will use a broad assortment of housing market data as part of a home assessment. The appraiser also will look closely at a residence as part of the home evaluation process.

Although a home appraisal is based on housing market data and a home assessment, it is essential to note that a home valuation is an appraiser's opinion. Therefore, two home appraisers may examine the same housing market data and the same house and come up with two different home valuations.

2. The homes in a neighborhood may affect the valuation of a residence.

Believe it or not, a home's value may be impacted by those around it. Thus, if you intend to buy a home, it often pays to evaluate the neighborhood to better understand whether a house's value will decline, stay the same or increase over time.

Furthermore, what you spend to improve a house is unlikely to raise a house's value proportionately. And if you spend $20,000 on home improvements, there are no guarantees that these home improvements will add $20,000 to a home's valuation.

3. A home appraisal and a home inspection are two very different things.

A home inspection often is considered a must-have during the homebuying process, and perhaps it is easy to understand why.

During a home inspection, a property expert will ensure there are no structural issues with a home and identify any problem areas. Then, a homebuyer can move forward with a home purchase, rescind a home offer or submit a counter proposal based on a home inspection report.

On the other hand, a home appraisal enables a property expert to evaluate the house in its current state. A home appraiser will compare and contrast a home in relation to others in the area and offer a valuation.

If you need help determining whether to conduct a home appraisal, a real estate agent is happy to assist you. With a real estate agent at your side, you can determine whether to set up a home appraisal prior to finalizing a home purchase.




Tags: Buying a home   appraisal  
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Posted by Realty Vision on 8/16/2018

Looking to buy a house without having to break your budget? Put together a homebuying roadmap, and you can increase your chances of finding a top-notch house that falls within your price range.

Ultimately, there are many things to consider as you put together a homebuying roadmap, such as:

1. Your Dream Home Definition

Differentiate your dream home must-haves from your wants you'll be glad you did. If you can determine exactly what you want to find in your dream house, you can narrow your home search accordingly.

For example, if you need a home with multiple bedrooms to accommodate your entire family, you should include this information near the top of your homebuying roadmap. You then can kick off a search of multi-bedroom homes and move closer to finding your ideal residence.

2. Where You Want to Live

Do you enjoy life in the big city? Or, would you prefer to settle down in a small town? Think about where you would like to call home so that you can effectively plan your homebuying journey.

Ideally, you should try to refine your home search to a small collection of cities and towns. This will enable you to speed up your home search and ensure you can find a house that suits you perfectly.

Keep in mind your day-to-day activities as you consider where you want to live too. For instance, if you work in the city, you may want to pursue houses in or near the city itself. On the other hand, you may be able to purchase a small town home for less than what you would have to pay for a city residence and commute into the city for work.

3. Your Homebuying Timeline

Determine how quickly you'd like to finalize a home purchase. That way, you can map out exactly how you want to approach the housing market.

If you are committed to buying a house as soon as possible, you'll need to be proactive. The top houses sell quickly, and if you don't act fast, you risk missing out on your dream residence to a rival homebuyer.

Conversely, if you can afford to be patient, you can avoid pressure throughout the homebuying process. In this scenario, you can pursue houses at your convenience. And once you find the right home, you can submit an offer and finalize your home purchase.

When it comes to creating a homebuying roadmap, it generally helps to get support from a real estate agent. In fact, this housing market professional can provide plenty of assistance throughout the homebuying journey.

A real estate agent will learn about your homebuying goals and help you develop a successful homebuying roadmap. Furthermore, he or she can keep you up to date about new homes as they become available and make it easy to discover a wonderful residence at a budget-friendly price.

Ready to get started on the process of purchasing a house? Consider the aforementioned items as you create a homebuying roadmap, and you can plan a successful homebuying journey.




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