In addition to the complex process involved, there are a lot of pitfalls to avoid when selling a home, many of which have significant financial consequences. Unfortunately, some homeowners can’t escape said pitfalls, often due to held misconceptions about appraisal, marketing and other parts of the process. To avoid difficulties with your home sale, consider these common seller misconceptions: Read more
If you’re in the market for a new home, one of the first things you’ll need to do is find a Realtor. However, with an abundance of working professionals in the real estate field, you’ll need to be proactive about finding one who’s qualified and dependable. Besides verifying licensing and getting references, one way to evaluate a Realtor is to ask plenty of questions. Here are five things to ask a Realtor: Read more
While part of preparing a rental property for market is getting the physical space move-in ready, the other part is addressing non-physical details such as tenant screening. Due to the potential consequences of oversights or poor decisions in this area, it’s important to take a meticulous, preventative approach. To learn a few critical steps, read the following tip sheet by Diamond Certified Expert Contributor Sam LaPlaca of CM Property Management Inc.:
1. Verify income. Accepting a tenant who can’t afford the rent is a mistake that can cost you a lot of time, money and frustration. That’s why, in addition to asking for pay stubs and bank statements, Read more
If you own a rental property that has recently been vacated, you’ll need to prepare it for going back on the market. While this primarily consists of cleaning and basic maintenance, a vacancy also provides an opportunity to increase the property’s value and maximize your investment. Here are some steps to consider:
Address maintenance needs. Four to six weeks before your intended market date, make a list of maintenance items that need to be addressed. This should include standard maintenance measures like cleaning the carpets as well as deferred tasks such as fixing a roof leak or broken window blind. It’s also a good idea to have preventative HVAC, plumbing and pest inspections performed during this time. Read more
Earlier this week, we posted an article featuring expert tips on preparing to sell a real estate property. One of the aspects mentioned was the advantage of performing pre-sale property inspections. To learn more about what makes this a worthwhile step, watch this informative video by Diamond Certified Expert Contributor David Kerr, partner at Kerr & Jones – Terra Firma Global Partners.
Whether it’s an investment property or your family home, selling a real estate property is no simple undertaking. Besides the high stakes involved, there are various logistical steps to address, from sprucing up your property’s appearance to planning your marketing campaign. To help you make the most of your property sale, we’ve asked five Diamond Certified Expert Contributors in the real estate field to provide some tips.
When preparing to buy a home, it’s natural to be preoccupied with thoughts about your future residence. However, it’s important to not overlook the more technical (read: less exciting) aspects of purchasing a property, such as applying for a mortgage loan. Getting approved for a home loan has always been an involved process, but since the subprime mortgage crisis that preempted the 2008 recession, it has become even more rigorous, so you’ll want to be well-prepared. We asked four Diamond Certified Expert Contributors to give their tips for making the most of a mortgage loan application. Read more