June 21st, 2016

Remodel before selling usually not worth cost

Posted by at 4:23 pm

  When you’re getting ready to sell your home, how much work is too much? You want your home to put its best foot forward to potential buyers, but how much fixing up is really worth it? It sometimes can be a matter of the market. In a strong seller’s market, your house is going to go quickly, and probably for above asking price. In most cases, it just doesn’t make a lot of sense to lay out major funds for a big-time renovation. Here’s the news: Pouring money into projects rarely, if ever, pays for itself on the back end. You’ll end up losing money from your bottom line, and won’t have as much money for a down payment on the next place. Out of the seller Don’t fall into the trap. A seller’s market often turns the most reasonable person...
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June 8th, 2016

Don’t sell yourself short: Choose a real estate agent

Posted by at 11:30 am

  In the hot sellers’ market of 2016, many homeowners may be tempted to sell their house on their own. Not surprisingly, the Internet contains a vast store of information on how to pull off a do-it-yourself sale – referred to commonly as a For Sale By Owner. For industry insiders, it’s a FSBO, pronounced Fizz-bo. Why would anyone want to do a FSBO? The number one reason is money. Real estate agents charge as much as 6 percent commission on the sale price. That may seem like a serious chunk of change with home prices on the rise – about $18,000 on a $300,000 sale. The problem is thinking of the commission as something you are losing. A good agent builds his or her commission into the price of the home, and adjusts accordingly. The commission they collect is...
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