16 Selling Mistakes You Will Want To Avoid
Selling your house is a big deal and the process demands as much attention as you can give and an experienced professional to guide you. You’ll want to do things right since any mistake could have dire consequences costing you thousands or putting you in a legal bind.
Is the house you are looking to sell in the Boston Metro market? Once you’ve done the necessary things to do before selling your house, you’ll have to make sure you avoid the following common selling mistakes to sell faster and easier minus the frustrations, aggravations, and troubles that can come with doing things the wrong way.
Avoid Overpricing Your Home
Overpricing the property is the most common mistake you should avoid by all means. It’s understandable that you love your house but will that justify a higher asking price then the market supports? Sellers who price their properties high often end up getting less than they would have made if the price had been set according to the market reality.
When it comes to setting a price, try to break free from your inner...
What Is a Real Estate Short Sale and How to Buy One
Buying a home can be stressful, but once you find the home of your dreams, it’s completely worth the effort. In most cases there are quite a few options when it comes to buying a home and some of the terms may be a bit confusing if you’re not familiar with them.
One of the terms you may come across when buying a home is a “short sale”. This post will explain what a short sale is, why they might be worth your consideration, and how to buy one.
What Is A Short Sale?
A real estate short sale is a home that is being sold for less than the outstanding mortgage left on it. A seller might opt to do this for a variety of reasons. One of the most common reasons for a short sale, is that the homeowner can no longer keep up with their mortgage payments.
This may be due to loss of income or increase of expenses. In this case, a short sale is made to avoid foreclosure. A short sale can also occur if a home has significantly decreased in value since it was purchased.
For example, imagine that you take out a $350,000 loan to buy a home that is appraised at $400,000. Two years down the line, you need to move due to a job relocation, but the housing market has tanked in your neighborhood, and the house is now only worth $300,000, which is less than you owe to the bank.
If the homeowner can no longer afford to keep up with their mortgage payments, or otherwise needs to sell for less than the mortgage...