Make money with your house

Why Do You Need to Avoid Overpricing Your Home?

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Why Do You Need to Avoid Overpricing Your Home?

One of the biggest mistakes home sellers make is what I like to call the overpricing issue.

While it’s tempting to put a high price on your home and either negotiate down with a buyer or test the market, you really want to avoid doing so.

Overpricing your home will deter buyers from coming to view your home and has the potential to overexpose it to the market as well. Luckily, there are some cures to help you get through the overpricing process so that you can get the top value for your home:

  • Check the Comps: Comps are real estate lingo for comparable sales. You want to look at homes that are very similar to yours and see what they’re selling for.
  • Get inside the minds of the buyers: Buyers look for homes online that fall in a very specific price range, so if your home is priced above its actual value, you won’t get the right buyers to look at it!
  • Visit competing open houses: Go to homes that are fresh on the market. The homes that have been lingering on the market for a very long time are not worth what the sellers are asking for either, which is why they’re still available.
  • Get your home inspected: A home inspection gives buyers peace of mind that you have done your due diligence and that you really care about your property. It also helps possibly get things fixed for even less than what a buyer’s inspector might estimate.

As you can see, overpricing your home won’t do you any favors when selling. If you would like help putting the right price on your home, don’t hesitate to give me a call or shoot me an email. I would love to assist you!

hundred dollar bills y'all

4 Lending Misconceptions Keeping You From Buying Your Dream Home

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4 Lending Misconceptions Keeping You

From Buying Your Dream Home

Are you a renter who is looking to purchase a home of your own? If so, you’ve come to the right place!

By now, you know we only partner with the best. Our preferred lender, [COMPANY], makes buyers dreams come true by meeting with them in person and finding out what is the best fit for them. They are the best independent mortgage lender in America and have a great spread of loan programs, low interest rates, and a fantastic team to help fulfill your loan in the easiest possible way.

Many of our clients have said to us that they wish they would have made their purchase years ago, instead of renting for a long period of time. With interest rates as low as they are, we want to encourage all the renters out there to buy now! Low rates mean you have more spending power as a buyer, which is perfect for first-time home buyers looking for the right fit.

Many potential home buyers are waiting until they save up for a large down payment to avoid paying Private Mortgage Insurance. The fact is, you don’t need to have 20% down to buy. There are many great low down payment packages out there, such as FHA loans (3.5% down) or conventional loans with as little as 3% down. One of the most popular packages is a 5% down conventional loan with no mortgage insurance!

Nowadays, it’s very common for people to monitor their credit. Many people don’t want their credit pulled until they are absolutely ready to buy because they fear their score is going to be impacted. This is another misconception – there is no set formula detailing how much your score is impacted by being pulled. If you have pretty good credit as it is, the impact of having a lender take a look at it is going to be minuscule because you’ve already proven you can manage your own credit risk. If your credit isn’t great, give [COMPANY] call and they can help you manage it a bit better.