Category Archives: Real Estate FAQ

real estate faq

Mistakes Buyers Make In a Hot Market

Timing plays an important role in real estate, especially if you are on the buying end. Inevitably, you could get in a seller’s market which might put you a little bit on the edge.

But don’t panic. There are tips that you can apply to get you through the tough competition and the unforeseeable traps in a hot real estate market. Just avoid these 5 buyers’ mistakes when treading a seller’s market:

Acting out of desperation

As much as possible, avoid smelling desperate as home sellers have their senses on maximum blast ready to take advantage any time. But more importantly, being on the desperate end could make your decision-making clouded and possibly result to impulsive and unwise decisions. You might end up talking yourself into a certain property that weren’t really within your original budget orspecifications.

Stick to your goals and don’t be easily swayed by the pressure of a hot real estate market. Let agents know of the kind of listing that you are looking for and ask them to give you a heads up when they find a similar listing.

Hesitating

Come to the battle prepared. Before walking into an open house, see to it that you have all the necessary papers and requirements prepared should you find the need to make an offer at that very moment. And of course, the essential loan approval that a home seller is always looking for in a potential home buyer.

Ignoring the market entirely

Timing the market and making your buying decision solely on this factor is almost impossible. This is why it’s a better path to make a decision based on your situation such as your family, career, and life. However, this also doesn’t mean that you ignore the market entirely. Be able to mix both sides and find a common ground to help you make an informed and wise decision while also keeping a balance of your personal needs and the market’scurrent trend.

Financial fogginess

Don’t count the numbers in your head and stick your fingers in the wind when trying to assess your income, loan payments, bills, and other matters that involve money. It is important that you know how much you can afford especially when you will need to make decisions regarding a price range or your price offer on a short notice.

Overpaying

Bidding wars is almost always a scenario especially in hot markets. And when you have had enough of a property taken out of your reach from a bidding war, it gets tempting to go for a price that’s not really within your original budget.

Avoid making that real estate mistake by working with your agent on looking at comparable homes. You may end up paying less for a property that’s more than what you were willing to overpay for with just extra patience and wise decision making.

 

real estate faq

Real Estate FAQ – How many homes should I see before making an offer?

Ask Jordan Bennett

How many homes should I see before making an offer?


In this video, Jordan Bennett talks about how many homes you should see before making an offer.

If you have a question about real estate, buying, selling or investing, please email me at info@jordanbennettonline.com and we can answer it in an upcoming video.

real estate faq

Real Estate FAQ – Can I buy and sell a home at the same time?

Ask Jordan Bennett

Can I buy and sell a home at the same time?

In this video, Jordan Bennett talks about if you are able to purchase a new home and sell your current one at the same time.

If you have a question about real estate, buying, selling or investing, please email me at info@jordanbennettonline.com and we can answer it in an upcoming video.

How to Sell Your Home the FAST Way

Home staging is very important, and a cost effective, part of the selling process.  Preparing your home to show off it’s qualities can only add to your final selling price.

Before Listing your Home on the Market:

  1. Declutter your home.
  2. Sell/Donate all unwanted Items.
  3. Neutralize your home.
  4. Deep clean the entire home.
  5. Repair any issues with the home.
  6. Fix up the yard.

Day of Showing:

  1.  Make sure all rooms are cleaned.
  2. Make the home smell good.
  3. Let the light in.
  4. Stage the home.
  5. Take the pets with you.
  6. Play music.

By implementing these steps when you decide to put your house on the market, your home will stand out and catch many a prospective buyer’s eye. Sprucing up your home can do wonders for curb appeal, and can result in more green in your pocket!

10 Reason’s Why You Should Hire A Professional Real Estate Agent

realtor

The best way to ensure you’ve got a great deal is to go with an expert! Below are the 10 key reasons why choosing a professional to assist you with the sale or purchase of your home is important.

#1  Education & Experience – You don’t need to know everything about buying and selling real estate if you hire a real estate professional who does.

#2  Agents are Buffers – Agents take the spam out of your property showings and visits.  

#3  Neighborhood Knowledge – Agents either possess intimate knowledge or they know where to find the industry buzz about your neighborhood

#4  Price Guidance – Contrary to what some people believe, agents do not select prices for sellers or buyers.

#5  Market Conditions Information – Real estate agents can disclose market conditions which will govern your selling or buying process

#6  Professional Networking – Real estate agents network with other professionals, many of whom provide services that you will need to buy or sell.

#7  Negotiation Skills & Confidentiality – Top producing agents negotiate well because unlike most buyers and sellers, they can remove themselves from the emotional aspects of the transaction and because they are skilled.  It’s part of their job description.

#8  Handling Volumes of Paperwork -One-page deposit receipts were prevalent in the early 1970’s.  Today’s purchase agreements run 10 pages or more, and disclosure seem to be neverending.

#9  Answer Question After Closing – Many questions can pop up that were overlooked in the excitement of closing.  Good agents stand by ready to assist.

#10  Develop Relationships for Future Business – The basis for an agent’s success and continued career in real estate is referrals.

Contact us today for a free, personal consultation if you are considering the sale or purchase of your home.

FallFall’s the perfect time to take care of the little things that can make a big difference for you and your home. Most of the tasks listed below are well with-in the average person’s ability. But even if you choose to have a professional handle them, it’s worth the expense. You’ll save money — and maybe even your life.

Here’s your Fall Checklist as a guideline.

  1. Test and Change Smoke Detector Batteries.  Keep your family safe at home.  A home safety check should be an annual ritual in every household. Test smoke and CO monitors, inspect (or install) fire extinguishers, review fire escape plans, and rid your home of old newspapers and other fire hazards.
  2. Clean and Inspect Chimney.  Check fireplaces for soot or creosote build-up. Better yet, schedule a visit from a reputable chimney sweep.
  3. Clean gutters and inspect for roof problems . Inspect and clean gutters and downspouts.  Inspect your roof for damaged or curled shingles, corroded flashing, or leaky vents.
  4. Prepare Yard. Clear yard of loose debris.  Take steps to repair damaged sidewalks, driveways, and steps.
  5. Inspect Heating System. Have a professional inspect your heating system. Clean or replace dirty furnace filters.
  6. Store Lawn Equipment – store all patio furniture and equipment.
  7. Button up your overcoat. Seal gaps and cracks around windows and doors with weather-stripping and caulk.

Important safety information:

Smoke and CO detectors. Replace the batteries in each smoke and carbon monoxide (CO) detector, then vacuum them with a soft brush attachment. Test the detectors by pressing the test button or holding a smoke source (like a blown-out candle) near the unit. If you haven’t already, install a smoke detector on every floor of your home, including the basement.

Fire extinguishers. Every home should have at least one fire extinguisher rated for all fire types (look for an A-B-C rating on the label). At a minimum, keep one near the kitchen; having one per floor isn’t a bad idea. Annually, check the indicator on the pressure gauge to make sure the extinguisher is charged. Make certain that the lock pin is intact and firmly in place, and check that the discharge nozzle is not clogged. Clean the extinguisher and check it for dents, scratches, and corrosion. Replace if the damage seems severe. Note: Fire extinguishers that are more than six years old should be replaced. Mark the date of purchase on the new unit with a permanent marker.

Fire escape plans. Every bedroom, including basement bedrooms, should have two exit paths. Make sure windows aren’t blocked by furniture or other items. Ideally, each upper-floor bedroom should have a rope ladder near the window for emergency exits. Review what to do in case of fire, and arrange a safe meeting place for everyone away from the house.

General cleanup. Rid your home of accumulations of old newspapers and leftover hazardous household chemicals. (Check with your state or local Environmental Protection Agency about the proper way to discard dangerous chemicals.) Store flammable materials and poisons in approved, clearly labeled containers. Keep a clear space around heaters, furnaces, and other heat-producing appliances.