5 reasons Home sales Falls through: 1. Buyer financing woes Today, buyer financing trouble is among the biggest sale killers. 2. Low appraisals A buyerʼs lender will only lend up to the value of the property, so if the home value appraises lower than the agreed amount, the buyer cannot secure the full mortgage. 3. Plan for title insurance and home inspection surprises The...
Common home-selling mistakes that you should know Protect yourself from common home-selling mistakes by knowing what to watch out for ahead of time. Here are 12 home-selling mistakes and how to avoid them: Mistake #1: Not Expecting Home-Selling Costs Mistake #2: Selling When Youʼre Upside-Down on Your Mortgage Mistake #3: Selling It by Yourself Mistake #4: Pricing It...
A Title Company's Closing Process A title insurance company closing process includes all the necessary steps to make the home youʼve decided to purchase legally yours, including signing title and loan documents (if applicable) and providing you with free and clear title. The Closing Process: 1. The Buyer and Seller Sign a Real Estate Contract 2. The Earnest Money Deposit and Real...
Being a resident for more than 15 years here in Las Vegas has taught me a lot about the American Dream and what values best help you achieve that dream. Working in the medical field for several years has reinforced my belief that we have all been allowed of freedom to live our life the way we choose, particularly for our family. That freedom for me is fulfilled through the stewardship of...
By the time you finally get an offer, itʼs tempting to sit back and coast through the contract stage. But thatʼs a bad idea. You donʼt want to get stuck with a delayed closing date or worse—get less money than you deserve for your home. You need to choose the right offer. Hereʼs what to focus on once someone has said “yes!” to your home sweet home. What to Look for in an...
Thereʼs no getting around the fact that the week leading up to closing can send your stress level soaring. The good news is you will get through it. Hereʼs how to close the sale and keep a smile on your face. Expect the Best . . . But Prepare for the Worst! The average process for closing on a house takes 41 days. The trick is keeping your head on straight when the unexpected smacks you in...
Days on market. What they are, Why they matter? When youʼre trying to sell, stale is one thing you donʼt want your home to be. While thereʼs no hard-and-fast rule for when a home becomes stale, there is a key metric that tells buyers how long your home has been for sale. Known as days on the market, or DOM, this metric counts up by one every day your home remains unsold. What does DOM...
How do you determine how much my home is worth? The most common method to determining the value of a home is by completing a Comparative Market Analysis. A CMA is an in-depth evaluation of recently sold “comparable” homes in the past 6-12 months. Considerations that a professionally completed “CMA” include, but is not limited to: 1. Square footage 2. Number of bedrooms 3....
How Do Home Buyers' Agents Get Paid? Closing a real estate deal can be a long and arduous process from the time a property is first listed for sale until everyone gathers at the settlement table to sign on the dotted lines. Some real estate agents specialize in bringing buyers to the table, helping them to negotiate the numerous steps involved in the purchase. But it's the seller, not the...
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