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Home Appraisal Preparation So, you’re selling your home. Getting a home appraisal is an important step in the process that all buyers look for. The home appraisal lets the buyer know what your home is worth, comparing your home to others on the market and the overall condition of your home. When preparing for a home appraisal, here are some things you should do to get the best rating possible. General Appearance The general appearance of your home will affect your evaluation. Make sure your home looks clean and well-kept before the appraiser arrives. Wash down walls, shampoo carpets, and...
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What is a home appraisal? A home appraisal is one of the first steps in the closing process. It is an unbiased opinion of a home’s value. In the United States, the median home value is approximately $213,800. Why is a home appraisal necessary? Many mortgage lenders require a home appraisal before approving customers for a loan. This is because lenders want to make sure that the loan amount matches the home value since the home serves as collateral for the mortgage. How does a home appraisal work? During an appraisal, the appraiser comes and looks at various aspects of the house. A...
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What is Escrow? Escrow is a bond, deed, or similar document that is kept in the custody of a third party (the escrow agent). An escrow takes place when a certain conditions have been fulfilled. An escrow account sets aside items, such as the buyer’s bank check and the purchase agreement, and places them in an impartial holding area. How Does Escrow Work? Escrow protects all parties by making sure that no money is exchanged until all contingencies have been met. If there are any contingencies that need to be completed, such as a home inspection or any repairs, those are...
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What is a pre-listing inspection? A pre-listing inspection is an inspection that the seller can pay for before putting their home on the market. If a seller chooses to do a pre-listing inspection, they can understand any issues a buyer might find in a home and reduce the likelihood a deal will fall through. What are the benefits of a pre-listing inspection? It allows the seller to make repairs before listing the home. A pre-listing inspection allows the seller to be aware of all the issues that are present in the home. The seller can then make the repairs to...
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Home Inspection Checklist Structure Inspecting the structure of the home includes looking over the floors, walls, roof framing, and ceiling of the home. From this, you’ll be able to know the foundation type, the materials used for framing, and the important sub-components of the home. Insulation and Ventilation The insulation and ventilation inspection covers the home’s attic, floors, lines, crawlspace, and ductwork. During this piece of the home inspection, the air and vapor barriers are also checked. Exterior The inspection of the home's exterior spans the doors, siding, trim, flashing, and if present, decks, porches, balconies, and steps. The home inspector...
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What is home staging? Home staging is the act of preparing a private residence for the real estate market. If you want to sell your home, and sell it fast, staging is what you need to do. Here are some tips and tricks for you. Bathrooms Get Rid of Grimy Bathroom Walls Grimy bathroom walls aren't just not pretty to look at, but they can end up being a major red-flag for a buyer. But don’t fret: there’s an easy way to get rid of surface mold. In a spray bottle, mix together one part bleach and one part water. Spray...
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So, you’re getting ready to sell. An important next step is getting your home inspected. Here are some steps to get your home and yourself ready for a home inspection. How to Prepare for a Home Inspection: Clean your house Clean homes say that you care and that you take care of your home. Remember, good first impressions are always a good thing, and that is especially true for a home inspection. Additionally, cleaning your home makes it easier for the inspection to get done. Make sure to remove anything that’s blocking access to your furnace, air conditioning, and water...
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There comes a time in most people’s lives where they look around at the home they once thought was perfect for them and decide that they have outgrown it. Signs that you might have outgrown your home: Clutter Do you look around your home and see clutter built up everywhere? That might be a sign that it’s time for a move! The longer you stay in a home, the more items you accumulate. If the clutter is spilling over into your hallways, onto your countertops, or if your closets are packed full, it might be a sign to start looking...
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Selling your house is an important and time-consuming task. Here is a timeline to follow to help you in the selling process. Figure Out Your Personal Timeline Two months before listing your home, evaluate your finances and your budget, add up transaction costs and remaining equity, and collect key documents, including your title, survey, mortgage, and insurance. One thing that you should ask yourself is how quickly you need to sell your home. What is prompting your move? Is it a career or job change? Something else? How fast you need to sell your home often determines price. The quicker...
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When making the decision to sell your house, you may be wondering if you need to repair anything in your home. Here are some questions to ask yourself to figure out if you should fix it or leave it. Does it make the property look uncared for? Anything that doesn’t work as it should can be an immediate turn-off to a buyer, such as leaky faucets, cracked tiles, an overgrown lawn, anything that doesn’t work as it should, or doesn't appeal to the eye cosmetically. At an open house, people may walk through quickly, and if they notice a few...
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