Posts with tag 'Home value'
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6 signs it's time to sell your home
Deciding when to sell your home isn't always easy. Most people don't expect to stay in their houses forever, but it can be hard to decide when to place your home on the market. If you're on the fence about selling your home, here are several signs it's time to take the leap.
You have positive equity
Equity is the difference between your home's value and the amount you owe on your mortgage. One of the most important signs you're ready to sell is that you have positive equity in your home. With a high amount of equity, there's a higher chance of making a profit on the sale.
To find out how much equity you have, compare the amount you owe on your most recent mortgage statement with your home's market value. Don't re...
28
Selling your home? 6 listing price errors you need to avoid
Every home seller wants to get the best possible price for their property in the least amount of time. But setting a reasonable and realistic price is essential. Get it wrong and you risk your home sitting on the market or letting it go for less than it's worth.
Here are six common errors I see sometimes in the Roanoke Valley that you'll want to avoid when determining a list price for your home:
Starting too high
It might be tempting to aim for a high price when you first list, assuming you can always lower it later if there isn't a lot of interest. Unfortunately, this is often counterproductive.
Both house-hunters and Realtors actively monitor new properties listed in their local areas, and if they see your home suffer a significant discount after a few months, they're...
30
Is it a good idea to buy a home 'as-is' in the Roanoke area?
If you've been searching for homes in the Roanoke region for any length of time, you might have encountered listings for properties that are being sold "as is." This means exactly what it sounds like, too. The owner is selling the property in its acurrent condition and doesn't intend to do any repairs.
For some folks, "as is" means "stay away," but I think that for the right buyer, an as-is property can be an excellent opportunity. If you're curious about an as-is property, here are some things to consider:
What is the condition of the property?
"As is" can mean anything from a home that needs some TLC to a home that needs a complete rehab. Because the seller is not making any guarantees about the condition or quality of the house, it can be difficult to know exactly what you are buying.
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When it comes to cost of living, the Roanoke Valley has a lot to brag about
If you're a regular reader of my blog or follow my Facebook page, you might remember that recently I shared my
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Join me in August for our homebuying seminar
UPDATED 8/10/18
Homebuyers have access to more information than ever about the real estate market, individual properties and the homebuying process. If you've been doing your research, I'm sure you're finding all kinds of things, both helpful and not so much.
That's why I want to invite you to a homebuying seminar I'm hosting with a colleague this month. It's called "Buying a Home? Tips and Tools for Success." I'll be joined by Karen Hankins, Atlantic Bay Mortgage Group's Western Region business development manager.
Our goal is to sort through the information that's out there and share with you the best of what we know from our combined decades of experience in the real estate and mortgage industries.
T...