Top 10 Tips for Sellers to Learn (or Re-Learn)

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Selling your house can be a very stressful experience, but it doesn’t have to be if you just follow a few easy steps that have been proven to attract more buyers and get your home sold faster.   1) Clear the Clutter Once you’ve decided to sell your home, start getting rid of stuff. You likely have lots of non-essential stuff all over your house. But, all that stuff will make your house look smaller to potential buyers, and it makes them wonder if the house is lacking storage space. Clear off your kitchen and bathroom countertops to make them look bigger. Take down excess wall décor (but don’t take down all of it). Remove large pieces of furniture that may be making a space look smaller. Rent a storage unit for a month of two, if needed. Just get rid of all that stuff!   2) Make a To-Do List Walk around your house as if you were a buyer. What would you want fixed? Fix dings and dents in the walls, clean or replace stained carpets, make sure your systems and appliances are functioning properly. This will help buyers know that you’ve taken good care of the property, […]

Top 10 Tips for Buyers to Learn (or Re-Learn)…Especially in this Market

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The current real estate market is definitely a seller’s market.  Many homes, especially affordable homes, are flying off the shelves as soon as they hit the market.  And, in many cases, sellers have multiple offers from which to choose.  In times like these, buyers tend to make bad decisions because they just want to snag a house—any house—because supply is so limited.  So, here are my Top 10 Tips for Buyers that will help you get into the best house for your situation, without breaking the bank.   1)  Determine What You Can Afford and Start Saving for a Down Payment The first step is to figure out how much a lender is likely to loan you for a mortgage, and also figure out how much you feel comfortable spending.  Lenders look at your Debt to Income Ratio when determining how much they will lend.  Most lenders want your total mortgage payment (which includes principal, interest, property taxes, and home owners insurance) to be less than or equal to 28% of your gross monthly income.  They also want the total of all your debts (car payments, credit card payments, student loan payments, etc.) plus your new mortgage payment to be […]