Monday, November 4, 2019 / by Pamela Glende
Here in the Spokane Real Estate Market homes are selling very quickly. It’s a strong seller’s market. Homes are often under contract in a matter of days. One of the things that you can count of is paying a commission to a real estate brokerage.
Is it important to hire a real estate professional?
The answer is yes. The facts are that homes sold through a real estate brokerage net more than homes sold by owner. Also, there could be legal ramifications selling your home “by owner”? Real estate professionals have the legal documents that protect both sides of the contract and have been through the training. That’s why they require a license. They know how to protect you and what to watch out for. Let’s face it selling your home is not like selling a car. It is one of your most expensive assets.
How do you choose the right real estate brokerage?
You should have at least 3 real estate companies do a market analysis of your home’s value. Interview ...
Thursday, October 24, 2019 / by Shayla Morford
Let's face it, whether you buy or sell a home, there are going to be costs involved. Fortunate for a seller, most of those funds are coming towards your bank account, not away.
But what exactly can a seller expect-cost wise, when selling a property?
1. Payoffs or Leins that may be attached to the property from purchasing a loan or possible legal actions taken against the homeowner, the first things to be paid are the past debts incured and tied to the home.
2. Repairs or Renovations to make the place ready for the spotlight. The most common items include a good carpet cleaning, painting walls or replacing damaged fixtures. Sellers are even in charge of making sure working Smoke and CO2 Detectors are available at the appraisal, in the necessary locations. Zillow lists the average national moving/home preparation costs at $6,570.
3. Is the home going to be listed without occupants? You will need to continue paying utilities on an empty house. Driveways need plowed in th ...
Tuesday, October 22, 2019 / by Katrina Miller
What is the first step of the home selling process?
You've made the decision to sell your home. Now what? I am sure you have so many thoughts rolling around in your head that you aren't clear on which direction to head. Below I have listed out three steps to take to ensure you feel confident.
1. Find a Realtor-
When you reach out to a Realtor they will be thrilled to take over the stress you are feeling and help you sort out any doubts or questions you have. Let's say you choose me (thanks, I owe ya one) I will set up a time to take a tour of your home. I will then head back to my office at Haven Real Estate and create a CMA (current market analysis). This report consists of 5 active listings within a few blocks of your home, 5 pending listing, and 5 sold listings that have sold in the last 6 months in your area. At that time we will go over pricing and agree upon a list price. We will weigh different factors like how many bedrooms, square feet, lot size, and ...
Wednesday, April 10, 2019 / by Connie Tracy
Choosing the day or week of the month to close escrow on your house purchase can have significant advantages.
If you are the buyer, you might prefer to close toward the end of the month and avoid pre-paid interest on your new mortgage. (Interest on a mortgage is always paid in arrears). Sellers often prefer to close on the first of the month and receive their sales proceeds early on in order to accommodate their purchase of a replacement house or moving plans.
Both parties should consider if there is a possibility they might be out of town- or the country- when the closing date is selected. You will want to be sure you do not choose a day that falls on a weekend or holiday.
Backup Offer... What is that?
Advantages to closing in the first two weeks of the month
** They tend to be less busy then the end of the month for both the lender and closing agent.
** Closing early in the month allows time to take care of any unforeseen problems that might dela ...
Saturday, March 30, 2019 / by Dixie Simon
Can someone please explain the difference?
What a great question for both the Seller and the Buyer
A Title Company is an insurance agency. They represent title insurance companies that ensure clean title to buyers and lenders. A title needs to be free and clear of encumbrances or any cloud on said title that would cause a financial loss. The potential financial loss is what is insured.
The settlement transaction (the order in which documents are executed and filed for public record) together with the financial accounting of said transaction is insured in the event any error or omission. For the title insurance company to ensure the closing, they will require that it be done by a qualified closing agent who represents their company. A title company is used to close the deal.
In many areas, especially in smaller communities where there are no title insurance company offices, attorneys can close a real estate transaction. The attorney submits a resume and ...