Stockman Farrar Group's Blog
When it comes to purchasing a home, there is no need to settle for an "average" homebuying experience. Instead, there are many things that you can do to become an expert homebuyer, i.e. someone who can discover a first-rate house at a budget-friendly price.
Now, let's take a look at three ways that a "typical" homebuyer can become an extraordinary one:
1. Evaluate the Housing Market Closely
The housing market can be complicated, particularly for those who are searching for a house for the first time. Fortunately, an informed homebuyer will be able to identify real estate market trends and plan accordingly.
For example, if there is an abundance of houses available and a shortage of homebuyers, you likely are operating in a buyer's market. In this market, you should have no trouble locating a top-notch house at a price that corresponds to your budget.
On the other hand, a real estate market that features a limited number of outstanding houses commonly favors property sellers. Therefore, you'll need to proceed cautiously if you want to acquire a high-end house at an affordable price.
Of course, you should always check out a wide range of houses in cities and towns where you'd like to live. This will enable you to explore many houses and improve your chances of finding a residence that matches or exceeds your expectations.
2. Get Your Finances in Order
Although you'd like to buy a home in the near future, you still need to figure out how you'll pay for it. Lucky for you, many credit unions and banks are available that can make it easy for you to get pre-approved for a mortgage.
Lenders are happy to meet with you at your convenience. These financial institutions can outline a variety of mortgage options and help you make an informed mortgage decision.
With a mortgage in hand, you can enter the real estate market with clear-cut financial expectations. This may help you avoid the temptation to overspend on a home. Plus, you'll be better equipped than other property buyers to narrow your home search, thereby accelerating the process of acquiring your ideal house.
3. Work with a Real Estate Agent
A real estate agent is a housing market professional. As such, he or she can help you simplify the process of going from homebuyer to homeowner.
For homebuyers, hiring a real estate agent is essential. This housing market professional can keep you up to date about new properties as they become available, set up home showings, submit home offers on your behalf and much more.
Perhaps best of all, a real estate agent is available to respond to your homebuying concerns and queries at any time. He or she will even provide homebuying recommendations to ensure you can navigate the property buying cycle quickly and effortlessly.
Ready to become an expert homebuyer? Use the aforementioned tips, and you can streamline the process of acquiring a terrific home that you can enjoy for years to come.
If your house is already on the market, you're probably familiar with the hectic process of getting it in presentable condition for the next showing.
Since there are so many things to remember, it can be helpful to create a "pre-showing checklist" you can refer to whenever you need it. Your reliance on the list will probably diminish over time, but it can be a good way to become more organized, focused, and efficient.
Even the simple action of writing down your priorities will make an impression on your mind and help reinforce your memory of what needs to be done prior to a showing or open house. Here are a few tips for staying on track, simplifying the process, and remembering important tasks that are all-too-easy to forget.
Stay One Step Ahead of Dust
Ideally, every room in your house should be dusted at least once a week, but that chore often tends to get postponed, overlooked, or just plain avoided! The problem with not dusting on a regular basis is that it tends to accumulate and get worse. What often occurs to home sellers is the sudden realization -- typically, just before walking out the door prior to a scheduled house showing -- that there's a thick layer of dust on your window blinds, baseboards, or book shelves.
If you're literally minutes away from a real estate agent showing up at your front door with clients, it's generally too late to do anything about the dust accumulations. However, if you've tackled those issues a day or two before they're walking up your front pathway, you can put your mind at ease that you've conquered the "grunge factor"! If you happen to have a housekeeper handling those details, it might pay to casually remind them to do an extra-thorough job on those dusty, grungy areas.
If you have kids (and even if you don't), dirt, finger prints, and hand smudges can often be found around light switches, cabinets, and door areas. While that might be the last thing you think about when preparing your home for a showing, it could be one of the first things potential buyers notice. Although perfection is an unrealistic standard to aspire to, "the devil is in the details!" In other words, it can be the small, easily overlooked details that undermine your chances for making a great impression on prospective buyers.
A Word About Mouse Traps
Whether you live in a mansion or a bungalow, nearly all homeowners occasionally have problems with mice sneaking into their basement, garage, or attic. Sometimes the little critters even find their way into your main living area (eek!). That's why it makes sense to set up a few mouse traps in areas where mice are most likely to enter. Mouse traps come in a variety of designs, some of which are better for homes with pets, children, or squeamish adults!
When it comes to preparing for a house showing, it's always a good idea to check mousetraps for "victims" that may have sprung your devices. Ideally, mousetraps shouldn't be placed in conspicuous spots, but you definitely don't want buyers to see dead mice anywhere in your house. Granted, live ones are worse, but -- in either case -- any infestation (or the perception of one) could be a deal breaker!
Debt collection calls can be frustrating and a headache. It is quite disappointing to know that you have outstanding debts and the debt collector is offering very stringent conditions in terms of payment options. If you're familiar with the behaviors of debt collectors, then you know they issue threats, use offensive language, and come up with various tactics to scare the debtors. This practice most often only makes things worse and creates unnecessary tension. Here are the seven things to know when dealing with a debt collector:
1. The Fair Credit Reporting Act
The Credit Reporting Act gives you the rules and restrictions guiding debt collection. Get yourself acquainted with the credit reporting act to know your right as a debtor.
2. Abusive behavior is illegal
According to the Fair Debt Collection Practices, it is illegal for debt collectors to use abusive language on the debtor. If a debt collector exhibits such behavior, debtors should document all that transpires and report to the Federal Trade Commission.
3. Negotiate a settlement on your terms alone
It is essential you negotiate the payment plans after you have carefully considered your income and expenses. On this note, payment plans should be based strictly on your terms, not theirs.
4. Beware of scammers
Before starting the negotiation with any debt collector, you should get them to identify themselves with their names, telephone number, company's name, address, and a professional license number if necessary. You are entitled to know these pieces of information by law.
5. Do not fall into the trap of "Just Pay Something."
Before making any payment, ask the debt collector to send you a written document of proof of your payment. Do not authorize anything over the phone otherwise; you will not have a record for the money paid.
6. Too many calls are against the Law
Aside from the fact that debt collectors are not allowed to use abusive language, they also don't have the right to call you against your instructions. According to the law, a debt collector must stop contacting you as long as you have sent a letter to the appropriate authority, requesting it ends.
7. Collectors do not have the right to inflate what you owe
The debt collector only has the right to charge interest based on what is stipulated by the law or according to your agreement with the original creditor.
Do not fall prey to unnecessary scare tactics; always take the time to read up on contracts and understand your rights as a debtor.
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There is no surefire formula to craft the perfect home listing. Instead, a seller must allocate the necessary time and resources to ensure a listing hits the mark with buyers. If a seller fails to do so, this individual may struggle to stir up interest in his or her home. Perhaps worst of all, this seller's home may linger on the real estate market for an extended period of time.
Ultimately, there are lots of things a seller can do to craft an engaging and informative home listing. These include:
1. Focus on the Positives
Think about why a buyer may consider your house over other available properties. Then, you'll be better equipped than ever before to highlight your home's positive aspects in your listing.
It may be beneficial to consider what makes your house unique as well. If you include details that show buyers why your home is a one-of-a-kind residence, you may be able to increase the likelihood that buyers will want to view your house in-person.
2. Provide Accurate Information
There is no reason to stretch the truth in your home listing. In fact, doing so may actually slow down the home selling process. But if you include accurate information about your residence in your listing, a buyer can use your listing to determine if your house is the right choice based on his or her individual needs.
When it comes to crafting an effective home listing, a straightforward approach is ideal. Thus, avoiding jargon is crucial, particularly if you want your listing to make a positive impression on buyers.
3. Include High-Resolution Images
Although your listing may include great information about your house, you may want to incorporate high-resolution images of your residence into your listing. That way, you can show buyers the true beauty of your house.
Of course, before you take photos of your home's interior and exterior, you should perform house cleaning and maintenance. Because if you incorporate photos into your listing that portray your house in a negative light, it may be difficult to generate interest in your residence.
For those who require extra help as they put together a home listing, working with a real estate agent may be a good idea. A real estate agent is a house selling expert who can help you create a listing that matches your expectations.
Typically, a real estate agent will meet with a home seller and learn about this individual's property selling goals. He or she next will help a seller craft a listing. Finally, when a listing is ready, a real estate agent will add a seller's residence to the housing market and promote the home to buyers.
To achieve the best-possible results during the home selling journey, it helps to craft a listing that is easy to understand and provides valuable information about a house. Thanks to the aforementioned tips, you can create a home listing that may help you garner interest in your residence as soon as it becomes available.