nationalcashoffer - Tumblr blog

nationalcashoffer · 3 years

Text

Ten Tips For Being A Successful House Flipper

House flipping can be highly profitable but can also be extremely daunting and risky at the same time. The venture can become even more challenging, particularly when you do not understand what exactly you are doing. House flipping is utterly different from the impression that TV shows portray nowadays. To help make the process successful for you, here are ten tips for being a successful house flipper.

Always have the property inspected

When you are new to construction, there are high chances that you may miss major defects within a property such as inadequate wiring , some faults in the foundation, weak roofs or even mould infested shacks. Never invest in a property before seeing it personally and having it inspected by a professional. Many house flippers have told harrowing stories of buying houses that looked beautiful online only to significant defects in the property later on. A professional house inspector will surely help you determine how much work you need to do, and if you can complete and remain within your budget.

Hire a realtor

This is an essential tip that most house flippers do not take into consideration. Although apps like Zillow and Trulia make you feel that you are an expert house flipper, you can never overlook the importance of working with a realtor in your project. A real estate agent will guide you efficiently throughout the entire process of buying and selling the property-, you may be surprised that they can help you sell the house in a few days. Realtors have extensive knowledge about market conditions, can help you negotiate the prices and even make comparable sales.

Do not improve too much

In most instances, when you invest in a property that in disarray, you may be tempted to overdo the renovation, so it becomes the most appealing one in the neighborhood. For instance, when you invest in a home located in a neighborhood, there is no need for renovating it with high-end marble flooring, expensive kitchen appliances and top-rated hardwood floors. When you over improve the property, you will have to overprice it so you can make profits. Most buyers usually stay away from overpriced properties since it is an indication that they may never recoup the investment in the future when they plan to sell it. Instead, perform essential repairs and include basic finishes within the fixer-upper.

Manage your team

Before diving right into the project, it is vital to have a team of experts before embarking on the highly complex endeavor. This refers to architects, contractors, cost accountants, electricians, plumbers, as well as other field experts who you will work closely with you. However, as much as you work with these professionals, remember you are in control of the whole project. Ask for references to assess their previous work deeply. Before you start working with any professional, have them sign a legally binding contract that effectively stipulates the relationship terms to avoid future problems when the project has already kicked off.

Know your market

An important tip for successful house flipping is to get to know your market. Who exactly are your potential buyers? What is the property’s potential value? This gives you an overall idea of exactly how much they may be willing to spend, and you can fix your renovations following their budget. For example, if the area where your potential buyers are have many children when you buy a house with only one bathroom, it is wise to add a second one to suit their needs of a big family. Knowing your market is one of the best ideas to ensure you maximize your profits when flipping houses.

Go for the right neighborhood

Most house flippers tend to assume that an inexpensive property anywhere is always a great choice. Well, the truth is that the location you choose can make your house flip successful or turn it into the most horrible experience. Ensure that you invest in a property located in the right neighborhood. Look out for good schools, the level of crime, shopping facilities such as malls, functional transport networks and closeness to major attractions. You can research some of the prime neighborhoods or talk to a real estate agent to make a more informed decision.

Never overprice the property

In most situations, you may be tempted to overprice, especially when you have exceeded your budget. The thing is, you will make the situation even worse when you overprice the home in an attempt to make up for the house flipping mistakes that have already occurred. The high price will surely keep away potential buyers, and you may end up holding it for much longer than expected. This may also translate to increased costs of maintaining the property when it is still in your hands.

Know your budget

This is one of the most excellent tips to ensure a successful house flipping. Understand the total repair costs, associated costs when holding the property such as insurance and taxes and marketing it. This guarantees that you will not end up overspending on your flipping project. Know how much money you plan to spend and how much you have to borrow from other sources. You may find getting traditional loans a risky affair since they usually come with too much interest rates and may take too long to process.

Ideally, it is wise to consider hard moneylenders. Locate a hard money lender who offers loans to flippers and already have flexible programs to suit them. When you receive the hard cash, you can repay the money as a more considerable sum and share the profits from the sale of the house with the lender. It is also a great idea to borrow from your friends, family and even private investors to help meet your budget requirements. However, consider borrowing from friends and family as a last resort to avoid problems in the future in case the flip does not become profitable.

Consider the possible options

Sometimes flipping the property in real estate market may take a turn for the worst, and you may end up not selling the house for a long time. When you are hit with such a situation, it is always best to establish the potential holding costs and rent it out when selling it will get you into significant losses. This is a great decision to make as you wait for the markets to become lucrative.

Do not underestimate landscaping

Most house flippers concentrate on achieving breathtaking interiors and pay less attention to curb appeal. They do not realize that a street view that is not attractive usually scares away potential buyers. Take important actions to make the exteriors of the property look appealing. For instance, try mowing the lawn regularly and building the yard neat.

Wrap Up

These house-flipping tips will undoubtedly make you successful in your projects. However, as much as you may not enjoy instant profits at the beginning, the venture is incredibly rewarding. Try learning as much as you can about house flipping from books, blogs, and even talking with expert house flippers to make the most from your projects. You can also undertake a course or qualification in the area to increase your chances of success.

The post Ten Tips For Being A Successful House Flipper appeared first on National Cash Offer.

from https://nationalcashoffer.com/ten-tips-for-being-a-successful-house-flipper/

2 notes · View notes

nationalcashoffer · 3 years

Text

The Best Time Of The Year To Sell A House In California?

Are you planning to sell your house? You may be wondering whether it is the best time of the year to do so. Besides considering the right time to dispose of your property, you need to think about your location. Reviewing the local and national trends will assist you in making a pretty good guess of the right time to put it in the market. You may consult a trusted real estate agent to gain more insight into the best time, and also ask about the price. The expert may assist you to consider repairs that are needed to make to improve the appearance of your house. Therefore, before putting your home on sale, there are several essential factors to consider. However, you may begin your journey by analyzing your location and the season.

The Location of Your Property

The housing market in California varies based on the location of the property. The state is divided into Northern, and Southern California. San Francisco is a city in Northern California and Los Angeles in Southern California.

Due to the establishment of Silicon Valley in recent years, the economy in Northern California has greatly improved. It is viewed as the center for the global, national and state economy. Some years back, the San Francisco and Los Angeles economies were considered to be at the same level.

Today, the Bay Area has embraced technological expansion, thus enabling it to enjoy regional identity and cultural cohesion. Further, the presence of tech giants in the region has caused the demand and costs of houses to go up in Northern California. Therefore, the prices of homes in San Francisco have significantly improved.

Seasonality Affects the Price of Houses

There are four seasons in a year. These seasons have a significant impact on the demand and prices of the house.

In The Spring: the demand for houses is higher during the warm weather. Thus, you should prepare your home during winter months to sell it in spring. At this period, buyers have tax refunds in their banks, parents are getting ready for their kids’ summer break, and the weather is friendly for moving in.

Therefore, spring is an appropriate time for either selling or buying a house in the Bay area.

In The Summer: the weather is friendly since there are many hours of sunshine. Thus, buyers can walk with their families during the home tours.

On the other hand, it is the same time that people take their vacations. The weather may also get too hot and uncomfortable for buyers to shop. Therefore, as a buyer, you may witness a bit of slowdown.

In The Fall: you may have a chance of selling your house to buyers in the early fall. They may be planning to move in and get settled before the weather gets bad or learning of the kids picks up. Therefore, the buyers’ feeling of urgency can benefit you if you prioritize making a quick sale.

On the other hand, the market for houses may be affected by factors like a layoff, job transfer, or family issues. Thus, shoppers can be sensitive to prices and may prefer renting than purchasing new houses.

In The Winter: it is the slowest season for selling homes in California. Days are shorter and colder during the season. At the same time, people may think about hibernating or going on holidays. Therefore, you can use this month to plan for significant renovation and repairs for your house, which you can sell immediately when the weather improves.

Tips for Selling Your House in San Francisco

The following tips will help you sell your house at a profit and the highest price possible:

Perform a thorough Comparative Market Analysis

As discussed above, the location of your property will significantly affect how quickly you can sell your house, as well as the price of your property. Additionally, the neighborhood of your property matters. Therefore, research thoroughly on the prices of similar houses in your area to understand the price that you can quote.

You can look out for the length of time the house has been in the market, its selling price and value updates over the period. You may also delegate the process to a local trusted real estate agent if you feel uncomfortable or incompetent.

Consider Your Priorities

What is your priority? Is it to fetch a high price or get a quick sale? You will have to be patient if at all; you’re seeking higher profit margins. If you’re in a hurry to dispose of your property, then you will definitely have to reconsider your selling price.

Therefore, you need to evaluate your priority and work towards seeing it through. To see it through means to drop the price if you really need to sell the house quickly. Conversely, you should be ready to wait for the entire season if you’re looking for more money.

Enlist an Experienced Real Estate Professionals

Selling a property in San Francisco is all about the right timing. The real estate industry is saturated with professionals. Their role is to advise sellers about the best time and to set a price for their house. You may have to hire a real estate agent since they know the area well. The experts understand the trend and may help you to navigate the market averages throughout the year.

The Bottom Line

Evaluating the best time to sell your house may be a daunting task. Timing the housing market can also be a tough exercise. To foresee success, you must put together a number of significant factors as discussed. Importantly, you need to conduct a comparative market analysis to understand how location and seasons influence the demand and the price of houses. An essential factor that you can consider is your priority. You may have to choose between high profits and a quick sale. On the other hand, recruiting a real estate expert that understands the location and house market prices may simplify the process. Therefore, you must take into consideration such factors before putting your house in the sales market.

The post The Best Time Of The Year To Sell A House In California? appeared first on National Cash Offer.

from https://nationalcashoffer.com/the-best-time-of-the-year-to-sell-a-house-in-california/

1 note · View note

nationalcashoffer · 3 years

Text

When Is The Best Time To Sell Your Home In Nevada? 

Nevada is the fourth state in the United States in terms of the economic outlook. It is ranked seventh out of the fifty American states due to its total area. Besides being the home to several casinos, it is a beautiful state with natural features like Cathedral Gorge State Park, Lake Mead, and Lake Tahoe. We’re going to go over the best time to sell your home in Nevada.

Therefore, it is the desire of most people to live in Las Vegas, Henderson, Reno, or Paradise. The cattle ranching, tourism, and mining may have enhanced your willingness to own a property in this state. More so, the lack of corporate or income tax is an added advantage.

However, you may be wondering how you can dispose of your home now that you are downsizing, upsizing, relocating to safer areas, as well as cash out your investment.

Characteristics of the State of Nevada

There are several factors that buyers in Nevada consider when they start thinking of moving from one town to another. They consider how rich or safe the Nevada towns are.

The richest places have common characteristics like genius level populous, Pleasantville level of married couples, and sky-high home prices.

They include Henderson, Reno, Sparks, Las Vegas, Winnemucca, Elko, Carlin, Fernley, Boulder City, Carson City, and West Wendover. Therefore, if your house is in these towns, then wait for the right season to dispose of your property at the best market price.

The areas have a rich history, and their present status is always attractive. Therefore look for an expert or professional in real estate, who can guide you on when to sell your property. They will advise you when the demand for houses in your location shifts.

Where Is Your House Located?

The location of your property in Nevada will determine the price and the demand. The following are some of the best places to invest in a property in Nevada. They are also the best places with the highest market prices.

Las Vegas: the name is a Spanish word for meadows. The town has abundant wild grasses and desert spring waters that quench the thirst of westward travelers. The city is known simply as Vegas, and the most populated city in the Nevada state.

It has the more magnificent Mojave Desert, and is internationally renowned for shopping, gambling, nightlife, and entertainment. Further, the city serves as a leading center for commercial, financial, and culture in Nevada.

Sparks: was initially occupied by the Washoe people. It had different names like Harriman and now named Spark, after Nevada Governor John Sparks. It has grown from a small town to an area that hosts several open-air events.

The residents comprise of high adjusted median income and low employment rate. The city has the lowest crime rate, thus attracting many buyers.

Henderson: was the leading supplier of magnesium throughout America. After World War II, the supply of magnesium was not necessary, hence, the sale of war surplus property. It is near Las Vegas and has several choices for dining and shopping.

Features that attract home buyers are the Cheesecake Factory, the Cupcakery, Trader Joes, and Rapsodielle for teen’s clothing.

Reno: is a relatively fertile valley where Truckee River links Pyramid Lake and Lake Tahoe. It is one of the best but small towns in the US. The rate of unemployment is low, and the crime rate is low, as well. Therefore, if your property is in Reno, then you will have several buyers during the best time of the year.

What is the Best Time of the Year to Sell Your Home?

Before putting your house in the market, you need to consider which months have the highest sales price. Each month has its own challenges in the property market. You risk getting a low price when putting your house in the market at the wrong time of the year.

There are four seasons in Nevada based on the months of the year.

Spring: lies between March and May. It is an excellent season to sell your house in Nevada. People come out of hibernation during this period and start to consider new homes in the early days of spring.

Therefore ensure your house is ready for sale at this time of the year.

Summer: Runs from June to August. It is the best season to sell your house. Although the heat level in the desert is high, it is the time when people visit the city. It is a time when there is a frenzy of activities in this city.

New homeowners move to this city from other places during summer. Estimates indicate 5000 people relocate to the Las Vegas area every month. The figure is even higher during the summer months.

Fall: lies between September and November. It is the time of the year with plenty of business conventions. People move to Nevada’s cities to pursue a new life. Thus, September is a great month that spikes the housing demand. The cooling weather in October also creates a buying mood.

Winter: Falls between December and February. It is the worst time to sell your house, and it is a common trend across other markets in the United States. The demand for homes is low during winter since people avoid shopping or moving to a new house. It is a time when people are on holiday, thus hesitant to put in offers.

Conclusion

There are certain factors that you consider before putting your house on sale in the State of Nevada. Think about the location of your property. Cities with low rates of employment and crime attract many buyers. People looking for new properties to buy; want to move to areas with attractive features like sceneries, places to dine, and shops.

Another factor to consider is the time of the year. Spring, summer, and fall present the best times to place your home in the market. The weather is conducive, the areas have several activities going on, and buyers can visit the cities. Therefore, it will be easier to sell your house during these months.

On the other hand, winter is the worst season across the US. It is a season when people hibernate or go on holiday because the temperatures are extremely low. The demand for property is thus lower from December through February. Therefore, if you put your house on sale during these months, you are likely to get lower prices. It may also take longer to sell your home.

The post When Is The Best Time To Sell Your Home In Nevada?  appeared first on National Cash Offer.

from https://nationalcashoffer.com/when-is-the-best-time-to-sell-your-home-in-nevada%e2%80%a8/

1 note · View note

nationalcashoffer · 3 years

Text

10 Terms You’ll Run Into In A Real Estate Purchase

When a person is looking to buy or sell a home or even if they have an interest in real estate some terms are specific to the market that a person needs to learn. These are some common terms to the real estate market that a person should be familiar with. If a person is familiar with these terms they will be able to understand the entire process and make it go smoother.

.1 Adjustable Rate Mortgage

When a person is applying for a mortgage they can get a fixed-rate loan or they can get a loan that has an adjustable rate. The interest rates on the adjustable-rate mortgages may change throughout the loan. It can change at five, seven, or even ten-year intervals. This loan may be risky over the long run. Depending on the condition of the economy the loans may increase and a person would have to pay a higher rate. If a person is going to stay in the home for the long run they may end up paying a higher rate. This may be good for those that are going to stay in the home for a shorter duration as it may save them money.

.2 Appraisal

To get a loan from a bank or a mortgage company to purchase a home the home will need to be appraised. The appraiser will assess the home and determine the value of the home and if the lender will be lending the buyer the correct amount of money. There are several factors they will look at to determine the value of the home. They will look at the property and the size of the property and look at the prices that similar homes are sold for in the area.

.3 Closing Costs

In addition to the price of the home, there are additional fees at closing which are called closing costs. This amount will be between two and five percent of the purpose price. This amount does not include the down payment. Closing costs include additional fees such as taxes, processing costs, and title insurance. A seller may be eligible to help with the closing costs.

.4 Fixed Rate Mortgage

This is one of the other types of conventional loans. This mortgage has an interest rate that will stay the same throughout the loan. It will not change. This is good for people that want to stay in their homes over the long run.

.5 Contingencies

This term refers to specific conditions and the terms of these conditions being met for the sale of the home to be completed and the sale to be finalized. For the loan to be approved certain conditions must be met. The appraised value of the home also needs to be near the final sale price that the home is going to sell for.

.6 Equity

Equity is another term for ownership. When dealing with real estate equity is the amount of the home that a person owns at a specific time. This is based on the amount of the principal a person has paid off on their loan. It does not include the amount of interest that was paid. The more equity a person has in their home the more reliable they will have with refinancing. Equity can be considered the market value of the home and the difference between the amount of money that is still owed on the home. For example, if a person borrowed $100,000 to purchase their home and they still have a loan balance of $50,000, the equity that they have in their home is $50,000.

.7 Private Mortgage Insurance

Private mortgage insurance is the cost of the insurance that the buyer pays to the lender. This insurance will protect the lender if the buyer defaults on the mortgage and they are not able to pay their bill. There may be a period for this insurance. Some lenders require that the buyer pays this insurance until they have built up equity in their home. They may need to pay 20 percent of the equity to drop this insurance. This insurance is for the protection of the lender.

.8 Title Insurance

This is another type of insurance that is required at closing and is often part of the closing costs. When a person pays for the title insurance they are paying for research on the public records of the home. This will make sure that the title is clear and there are no liens against it that can slow down the sale process. If there is a lien on a home this can lead to big problems down the road. This search is well worth it before the sale is completed.

. 9 Real Estate Agent

This is the person that has a real estate license and can help a buyer find a home they want to live in. They can also help a seller purchase their home. They will assist with the entire process up to the closing. A realtor is an agent that is a member of the National Association of Realtors. This organization has specific standards and an ethical code that all members must follow. All those working as an agent need to have the proper education before they get hired by a firm.

.10 Principal

This is the amount of money that a buyer needs to borrow to purchase the home. As they make payments and pay off the principal amount they will be able to build up equity in the home. The principal includes the interest rate on the loan. This figure is used the help determine the monthly payment that the buyer will make on the home.

These are some of the common terms used in the real estate industry. If a person is looking to buy a home or sell their home they need to understand all of the terms to make sure they are educated about the home purchase, selling, and closing process.

The post 10 Terms You’ll Run Into In A Real Estate Purchase appeared first on National Cash Offer.

from https://nationalcashoffer.com/10-terms-youll-run-into-in-a-real-estate-purchase/

0 notes

nationalcashoffer · 3 years

Text

How to Sell My House Quickly

Regardless of whether you have taken occupation in another city, outgrown your present home, or fallen behind in your home loan installments, you may end up pondering how to sell your house rapidly. Obviously, we as a whole know the land business has been in a droop, foreclosures are up, and deals are down. That doesn’t mean, however, that you ought to do whatever it takes not to sell your house if your personal conditions warrant the deal. The accompanying guidance about how to sell my house quickly can assist you with jumping on your way:

Improve the presence of your house without going through a great deal of money to do as such. At once, numerous individuals believed that including a room or remodeling the kitchen or placing in a pool would get more income for their house. Significant things like that, however, ought not to be done if attempting to sell your house rapidly in a moderate market. Stick to little things like minor repairs that should be done, a layer of paint or two on the dividers, and some alluring arranging.

Market your home all over the place. Most realtors assume the assignment of marketing your home, yet they frequently don’t do what’s necessary promoting. On the off chance that your realtor isn’t getting individuals in to see your house, converse with him/her and think of each conceivable method for marketing your house. One key thing while considering how to sell my house fast is ensuring that individuals know it’s for the deal. Simultaneously, most land contracts indicate how the home is to be promoted, so you may be adaptable.

In addition to a point by point inspection by the proprietor and relatives, a professional home inspection may accelerate the deal much more. With any venture as significant as selling a home, a target outsider must make an exhaustive inspection. Your decision of an accomplished professional for this inspection ought not to be made in a scramble. Make sure to converse with Realtors and different homeowners to discover who might be best for your situation. Remember that the imminent home purchaser may likewise need to incorporate a nitty-gritty inspection from their perspective.

The objective of the seller in a land transaction ought to be to exhibit a quality home that will require scarcely any significant changes except if the home purchaser decides to make them for tasteful or personal reasons. While this additional effort could be a weight before the home is even shown, the fact of the matter is unique. Attention to detail from the minute you choose to sell will bring the end date nearer than you can envision.

If necessary, consider getting a portion of the expenses related to additional publicizing, however, don’t pay for everything. That is one of the things land commissions should enable the realtor to pay for.

Tips on How to Sell Your House Fast.

One of the primary targets, when you are putting your house on the market, is to sell your house quickly. Obviously, a house that remaining parts unsold for a long time may not merely be frustrating; it might likewise give purchasers a thought that there is some kind of problem with the property. On the off chance that you need a little assistance on how to sell my house for cash, here are a few tips and suggestions that you might need to consider.

1. Prepare your house for the market. In the event that you need a brisk deal, at that point, you should point on pulling in the most number of potential purchasers to look at your home. Obviously, the more individuals who find a right pace place, the more, the higher is the possibility of arranging the property at the soonest conceivable time. Having heaps of potential purchasers additionally increment your odds of getting the best price for your home, which is another significant objective in your selling.

2. Do the repairs and dispose of clutter. One common misstep in selling your home is to leave it as it is the point at which you left it. You might be too eager to move to another house, however in the event that you need to sell your old home fast, and you need to contribute time on making it increasingly appealing to potential purchasers. Right now, when individuals are not into purchasing homes, it is imperative to make your home speaking to a rare sort of people who are searching for another home. Put yourself in the shoes of the purchaser. Look at the things that you would well on the way to review in purchasing a house. If you discover something that needs a fix, you might need to contribute to it.

3. Home staging as an option. Besides doing the required repairs, you should take the opportunity of staging a home. Home staging is a generally excellent option to sell your house fast and at the best price. You might need to employ home staging professionals to make your house look like fresh out of the plastic new and set up furniture for purchasers to see the capability of your house. You can even do the home staging yourself. Also though this requires a little speculation on your part, it can, however, pay off if you get the best price for your home.

4. It’s everything about the price. In reality, the fundamental factor you need to consider how to sell my house fast is having the correct price for your property. The mix-up of overpricing your house can be a primary factor in causing it to sit in the market for long. Setting the correct price includes a little research on the price of other practically identical homes, the price of houses in your general vicinity just as the condition, and in addition to factors of your property.

5. Planning your marketing strategy. To assist you with the business plan, you can employ an operator, or you can do it without anyone else’s help. In getting the best purchasers to inspect the house, one can put announcements on the media, web, or even by placing yard symbols. Clearly, on the off chance that you will employ an operator, you will likewise require someone who knows the area and the good property market in your general vicinity well indeed.

The post How to Sell My House Quickly appeared first on National Cash Offer.

from https://nationalcashoffer.com/how-to-sell-my-house-quickly/

0 notes

nationalcashoffer · 3 years

Text

How Much To Budget For Expenses After Closing

Investing in home ownership is a big step. There are additional costs that are involved, which are linked to getting a mortgage and monthly payments. Closing costs is one of the additional expenses involved in home ownership.

Closing costs need to be paid before closing on your home and add things such as ownership insurance, property taxation, appraisal fee, and title search fee. Closing costs also helps in providing payment to the people who have offered their services throughout the process of loan, such as real estate agents and appraiser.

It is essential to note that even though the name is closing costs, there are instances where you may be required to pay some of them as the action takes place. For instance, home inspection needs to be paid after the inspection.

All the closing costs are provided at closing. It may be prudent to ask the mortgage agent or banker to offer clarifications when things are not as clear as you would want.

What Is Closing Costs?

Closing costs are one-time fees that are linked to the sale of a home. The closing costs are provided to the buyer for payment, three days before finalizing home purchase. There is an agreed percentage of 3% from most experts, who advice home buyers to set this percentage aside to cover for the home’s closing costs.

Examples of closing costs are down payment and mortgage default insurance. However, this ought not to be included in the 3% calculation. It is also worth noting that mortgage default insurance is needed when the down payment is less than 20%. The mortgage default insurance is factored in mortgage payment to avoid the owner having to pay upfront.

Who Caters for the Closing Costs?

Homebuyers have the liberty to negotiate with the seller on who will cover for closing costs. Sellers may choose to cover overall closing costs, however, every loan has a different guideline about the amount that the seller can pay. Mortgage bankers can help you learn and understand the different options.

The Cost of Owning a Home

After moving in your new home, owners learn that there are things that need to be bought. There are purchases that may be need on the first day and others may take months after moving in the house.

Budget for Closing Costs

Experts in mortgaging and real estate recommend putting up a different account that will help in ease of managing funds for closing costs. If some or all of the closing costs options need to be catered by the buyer, it is important to ensure that the sum is included in the budget.

The budget should be realistic. It should be created in advance and there is need to stick to it. It helps the buyer to be more confident at the closing and minimizes the risks of unexpected surprises. The ability to map out and narrow down the expenses and payments increases the effectiveness of managing the overall costs. There is need to know how much you can afford before putting together an accurate budget.

Estimate the Closing Costs

Generally, the percentage for closing costs is between 2% and 6%. Therefore, the amount for closing costs is dependent on the budget of the buyer.

Mortgage bankers will provide a document after applying for a loan. The document breaks down the interest rate, monthly payment, taxation, insurance, and closing costs. The list of closing costs is a subject of change throughout the process. The indicated closing costs on the document provides a rough idea of what you should expect.

Managing All the Costs

Working with professionals, such as lawyers, estate agents or movers, may require you to get a detailed estimation prior to avoid surprises. This helps in finding out the amount that the outside services will incur ahead of time. Therefore, the buyer will be in a position to set aside finances for the additional costs.

Being aware of and closely tracking the different expenses from different sources is a good start to creating a realistic budget. This is because it helps in accounting for and meeting all the financial obligations.

It is important to seek help and clearance from a mortgage specialist as this helps in identification and sorting out different costs that are associated with closing costs.

Save Monthly

Saving for the down payment of a house may seem obvious, but there is need to set aside some cash for different expenses that are linked to home ownership. This is inclusive of closing costs as well as other unexpected expenses, such as emergency repairs.

Tips and Tricks for Saving

In any budget, looking at the current expenditure habit and deciding what requires to be cut down is very essential. This will help in pinpointing where less important budget can be cut and the money to be used in saving. The little savings will eventually be a lot of money and can be used in home ownership.

Another tip is setting aside bonuses or tax returns. Saving can prove to be hard, but putting aside extra or unexpected money that you receive directly in a savings account is necessary. The money saved in a savings account will not be used in irrelevant courses.

Cut the cable cord. There is need to choose a subscription service rather than streaming online. You will be able to still watch your favorite shows and save the extra money that caters for streaming.

Eating at home. Eating out is very expensive. Therefore, meal planning and packing food to work will help in saving money.

Cutting down consumption of energy. Leaving the lights on while you are not in the room consumes too much energy. The utility bill can be saved from the simple actions such as lowering the thermostat.

Conclusion

Although the buyer may not be required to pay closing costs for each loan, it is prudent to pay for hidden costs that are associated with home ownership. Making small but necessary changes can help in starting a saving culture each month. This ensures that there is little money saved in cases of any emergency related to home ownership.

The post How Much To Budget For Expenses After Closing appeared first on National Cash Offer.

from https://nationalcashoffer.com/how-much-to-budget-for-expenses-after-closing-2/

0 notes

nationalcashoffer · 3 years

Text

What To Look For When Buying A Home

In any given year, about five million homes will be purchased. There are many reasons why people look to move, including the need to relocate, downsize, or buy a starter home. Whatever the case, it is all about the lifestyle that you seek and how your home can facilitate that lifestyle.

Come with us as we explore the top things to look for when buying a home.

Your Budget

There are several strategies you can consider when trying to figure out what to budget for your home.

Is this home an investment in that you’re looking to increase your wealth over time? Maybe you have wealth now and you’re looking to bury it in an asset? Do you want tax breaks?

When setting your budget, you’ll likely have to account for a mortgage. This means you must see how much you qualify for and what kinds of payment options are available to you. The last thing you want to do is spend a ton of time looking at homes that are way outside of your price range.

Beyond your mortgage, there are a few other things you need to consider when buying a home:

Homeowners Insurance

Annual Property Taxes

Lawn Care

Utilities

Maintenance

Lawn Care

Repairs

HOA Dues

Location

Ask yourself, where do you want to live?

Location is one of the most important factors when purchasing real estate and one of the most impactful elements when it comes to the cost of your home, the value of your home, and your overall lifestyle.

Remember, trends are in a constant ebb and flow. Even if a neighborhood is hot this year, something else will likely surpass it in the next.

There are a few things to consider when trying to figure out your location, including:

Walkability Score

Restaurant and Entertainment Proximity

Job Proximity

Transportation

Value

How Large Should Your Home Be?

How much space do you need and how much space is too much? Changing the amount of space in a home can be very expensive, which is why we highly recommend considering how many homes you need ahead of time. Do you need a gym or office? How many bathrooms will you need? Are you planning to add more people to the family in the coming years?

People often buy homes that are far too large for their needs, never utilizing the space. Living in a big fishbowl can be uncomfortable, especially when it comes to maintenance, repairs, cleaning, and energy costs.

Amenities

Consider what amenities in your neighborhood are important to you. Here are some of the most common amenities homebuyers look for:

Good School

Fitness Centers

Co-Working Spaces

Parking

Swimming Pools

Final Thoughts

Having an understanding of what to look for when buying a home is crucial, as there are some things that are very difficult to change once you buy your home.

Make sure to get in touch with us here at National Cash Offer today to see how we can help you sell your current home and take your next steps in life.

The post What To Look For When Buying A Home appeared first on National Cash Offer.

from https://nationalcashoffer.com/what-to-look-for-when-buying-a-home/

0 notes

nationalcashoffer · 3 years

Text

What Is A Home Appraisal?

When it comes to selling and buying a home, a home appraisal is extremely important. However, even among seasoned real estate professionals and real estate agents, it is often the most misunderstood.

Come dive in with us as we explore the ins and outs of a home appraisal.

What Do Appraisers Look For?

When it comes to getting a professional appraisal for your home, there are many factors to consider. Depending on the intended use of the property, the weight of each of these factors can vary.

There are a few things that remain constant when it comes to appraisals, which include:

# of bedrooms

# of bathrooms

Sale prices of comparable homes

# of spaces in the garage

Size of the lot

Property condition

Quality of the neighborhood

Special Features

How Long Does The Process Take?

The typical process for an appraisal is very short. For a full appraisal, you might need interior pictures of every room in the house, as well as the square footage. Even so, all of this can be gathered in under an hour. If you are busy and don’t have time to be there, your realtor might be able to accompany them.

In terms of getting your appraisal back, it completely depends on how busy the market is at any given time. In a slow market, it can take up to six weeks. In a fast market, however, you might get your appraisal in as little as a week.

An appraisal will remain good for anywhere from 60 to 90 days. If the market is changing quickly at the time, you may need to get a re-appraisal.

Do I Pay For a Home Appraisal?

Traditionally, the buyer will pay for a home appraisal, which will then be issued to them solely. In essence, a buyer can’t simply use an appraisal from another buyer who backed out of the sale.

Before trying to list for your sale, you might want to get a brought estimate of your home’s value using one of the many home value estimators out there.

Who Can Appraise My Home?

State-licensed real estate appraisers are the only people who are qualified to appraise a home. Most people aren’t aware that becoming a state-licensed real estate appraiser is often much more intensive than becoming a real estate agent, as appraisers must follow a strict compliance code.

Final Thoughts

Getting your home appraised is a very easy process. Of course, the report can be a bit complicated, though if you have a local expert that you’re consulting with and you have made sure to list your home at the right price, your appraisal shouldn’t act as a hurdle in the home selling process.

In the end, you may choose that you don’t want to go through the appraisal process and try to sell your home off-market. If so, make sure to give us a call here at National Cash Offer. We’ve helped thousands of homeowners just like you sell their homes quickly without any hidden costs or additional documentation.

The post What Is A Home Appraisal? appeared first on National Cash Offer.

from https://nationalcashoffer.com/what-is-a-home-appraisal/

0 notes

nationalcashoffer · 3 years

Text

Are There Risks To Selling My Home Fast?

The home-selling process can be fairly stressful. To get your home ready to sell, you must clean and declutter, do all the paperwork, market, and so much more. All of this can really wear a person down, which is often why people ask us if there are ways in which they can sell their homes fast.

Let’s take a look at the risks and rewards of selling your home fast.

Risks of Selling Your Home Fast

Selling your home fast without a realt0r poses a few risks. For starters, you will have to do a lot of the work that realtors typically do, including finding the right price through comps, getting your home listed on different platforms, such as the MLS, market your home and hold viewings, and negotiate with any potential buyers.

This work can add up. Plus, if you aren’t particularly skilled when it comes to marketing and negotiating, you might risk getting a lower price than you deserve for your home.

There are issues that you might have to deal with selling without an experienced realtor as well, including legal complications or listing service problems. It is easy to end up in hot water if you do not know what you are doing.

How Much Can I Make With a Fast Home Sale?

Of course, there are a few benefits to selling your home without a realtor. For starters, you may be able to sell your home much faster without having to deal with a ton of paperwork. Plus, if you market your home really well, you might be able to skip out on setting up open houses and having people come in to view your home.

The specific numbers as to how much you can make vary quite a bit depending on the location. iBuyers will sometimes offer prices that of as high as 98% of the fair market value for your home.

Selling a House That Needs Work Fast

If you own a home that needs a bit of work, there are a few steps that you can take to sell it much faster:

Clean your home to make it more attractive to potential buyers

Fix or repair any minute problems that don’t require significant investments, such as leaky faucets or loose floorboards.

Consider renovating, especially if you can get a loan for it.

Try not to price your home too high

Selling Your Home Quickly Off-Market

After all is said and done, selling your home quickly on your own might not be for you. The home selling process is a huge commitment and often requires quite a bit of work. You may not have the time or money to market your home, get professional photos done, or meet with potential buyers.

You might need to sell your home even faster due to a new job in a different location or personal family matters. Whatever the case, you might choose to sell off-market to a company like National Cash Offer. We’ve helped thousands of homeowners just like you sell their homes in as little as two weeks for fair-market prices. Get in touch with us today to learn more!

The post Are There Risks To Selling My Home Fast? appeared first on National Cash Offer.

from https://nationalcashoffer.com/are-there-risks-to-selling-my-home-fast/

0 notes

nationalcashoffer · 3 years

Text

What Expenses Can I Deduct When Selling a Home?

While selling a home can be quite costly, there are many ways that you can save when it comes to taxes by deducting your expenses. Typically, homeowners earn a 36.3% return when they sell their homes.

When filing, there are many tax deductions that you can make to save a fair amount of cash.

Capital Gains Exclusion

If you make less than $250,000 or $500,000 if you are a married couple from selling a home that is your primary residence, you will not need to report any of your earnings to the IRS.

Typically, long-term capital gains are taxed at 20%, meaning you could save up to $100,000.

To benefit from capital gains exclusion, you must have lived in and owned your home for at least two out of the past five years. The amount of time you live in your home does not need to be consecutive either.

Capital Improvement

Adding capital improvements is a great way to increase your cost basis if you made more than the maximum amount for capital gains exclusion. Of course, these particular renovations must have increased the value of your home by a meaningful amount. Simple repairs, decorations, or maintenance, do not count.

If you upgraded your HVAC system, added a new room, or updated the kitchen with new appliances, you can reduce the amount of taxes you owe.

Selling Costs

Selling costs, such as real estate commissions, can be very costly. You will need to cover both the seller’s agent and buyer’s agent fees when selling your home, which can be about 6% of the sale price of your home.

Luckily, you can deduct these fees from capital gains. Some other deductions you might want to make when selling your home include:

Attorney fees

Escrow fees

Title insurance

Advertising Costs

Recording fees

Inspection fees

Mortgage Interest & Property Taxes

If your itemized deductions exceed the standard deduction for that year, you’ll be able to deduce your mortgage loan’s interest.

Any homes purchased prior to December 15, 2017, can be deducted in interest by up to $1 million. Homes purchased after that data have a $750,000 mortgage debt cap.

Avoiding Selling Costs Altogether

If you don’t have the cash or time to update your distressed home and get it ready for selling, you might consider selling your home off-market. Of course, just because you are selling off-market does not mean that you have to sell your home for less than the fair market value.

Here at National Cash Offer, our goal is to provide our clients with the highest possible offers. We don’t have any hidden fees and we can provide you with a fair market value price. We’ve closed homes with our clients in as little as 10 days.

You don’t need to spend time or money working with a realtor or go through the hassle of making your home ready to sell. Plus, if you earn less from the sale of your home than the capital gains exclusion limit states, you won’t have to pay any taxes on it!

Get in touch with us today to learn more.

The post What Expenses Can I Deduct When Selling a Home? appeared first on National Cash Offer.

from https://nationalcashoffer.com/what-expenses-can-i-deduct-when-selling-a-home/

0 notes

nationalcashoffer · 3 years

Text

Short Sale Pros and Cons for Sellers

When we say short sale, we’re not referring to the length of time it takes to sell a home. Instead, the short refers to the fact that the purchase price of the home is less than what the current owner owes to the lender.

There are many advantages and disadvantages to short sales, which are important to know if you’re considering it.

Why Do Sellers Perform Short Sales?

Short sales are often attempts by sellers to avoid foreclosure. Eager buyers will also make offers below the mortgage value if a homeowner is struggling financially.

The Short Sale Process

There are typically four minimum requirements when it comes to short sales, including:

A homeowner must have an eligible hardship

A buyer must have financing in place AND be unaffiliated/unrelated to the seller

The buyer must give the seller a reasonable, fair market value offer.

Any lender with title interest must agree to a short sale.

Even if the buyer and seller agree to go through with a short sale, the lender can still reject it. Sometimes, lenders ask for other loss-mitigation options to be put into place before they allow a short sale to go through.

Short Sale Advantages

There are many benefits for sellers that decide to go through with short sales, including:

Sellers can avoid foreclosure and release themselves from lender mortgage obligations.

Sellers will be able to get approval for financing on another home much faster after performing a short sale than going into foreclosure. According to Quicken Loans, credit recovery is also much faster.

Sellers are allowed to remain in their homes until the short sale is complete.

The lender might offer the seller some form of payment for a relocation expense as part of the closing package.

The lender will pay broker fees and closing costs.

Short Sale Disadvantages

Of course, every advantage comes with a disadvantage. Here are some of the most important to consider:

The seller loses their home and any potential equity that they had in it.

You might be responsible for any difference between the money that you owe and the sale price if you do not have the entirety of the debt eradicated. This is what we call a deficiency judgment. You might even be taxed on the difference if it is forgiven.

A short sale can put a big dent in your credit. According to Equifax, one of the country’s major consumer credit agencies, ome lenders don’t distinguish short sales from foreclosures when looking at credit reports either.

You may have to pay taxes on relocation.

The Bottom Line

While it is preferable to go with a short sale over a foreclosure, it does not mean you will become exempt from any financial downsides.

Instead, you might consider selling your home off-market instead of going with a short sale. Working with a company like National Cash Offer, you can sell your home in “as-is” condition. You’ll never have to make repairs, declutter, or host showings. Get in contact with us today to learn more.

The post Short Sale Pros and Cons for Sellers appeared first on National Cash Offer.

from https://nationalcashoffer.com/short-sale-pros-and-cons-for-sellers/

0 notes

nationalcashoffer · 3 years

Text

Sell My Arizona Home Without A Realtor Fast

One of the most common questions that we get from sellers here at National Cash Offer is “can I sell my home without a realtor?”

The answer is “absolutely!”

Many people decide to sell their homes without realtors, as they get to retain all of the profits and they don’t have to worry about fees. Before we dive into what you can expect from a financial standpoint, let’s talk about how to sell your home quickly without a realtor.

Prepare Your Home

The first thing that you’ll need to do is clean and de-clutter your home. Fix anything that is noticeably broken and make it look as good as you possibly can. The more attractive the home, the better and faster it will sell.

Pick the Right Price

Going realtor-free can make it a bit harder to choose the right price. Your best bet is to check different listings in your area to get an idea of how others are pricing their homes. Remember, your buyers will be performing research of their own. You need to make sure you do your research as well.

Get On The MLS

Getting on the MLS is very important. In fact, it is one of the easiest ways for you to get exposure for your home.

Hold Open Houses

Of course, open houses are a bit old-school, especially in a post-COVID society, though they can still be very helpful for promoting a home. Plus, when you hold an open house, you can show off the best parts of your home.

Negotiate With Buyers

Prospective buyers will give you offers. It is up to you to negotiate. Your realtor would usually be the one negotiating. However, since you don’t have a realtor, you need to pick up the slack to sell your home for the right price.

How Much Can I Make By Selling My House On My Own?

You open yourself up to a few unique benefits when you choose to sell your home without a realtor. For starters, you don’t have to do as much paperwork, which can make the selling process a lot less daunting. If you market the home well, you might be able to avoid a ton of open houses and a long closing process too.

When it comes to the specific numbers, it depends on a number of factors. An iBuyer, for example, might offer you around 98% of your home’s fair market value.

Consider Selling Your Arizona Home to An Investor

If you don’t want to go through all of the work of selling your home on your own, you might consider selling your home to an investor like National Cash Offer. We offer close to fair market value for homes and purchase them in as-is condition, meaning you never have to spend the time and money on repairs or renovations.

If you’re ready to take the next step in life and sell your home, we’re ready to help. Drop us a line today to learn more.

The post Sell My Arizona Home Without A Realtor Fast appeared first on National Cash Offer.

from https://nationalcashoffer.com/sell-my-arizona-home-without-a-realtor-fast/

0 notes

nationalcashoffer · 3 years

Text

Top 5 Best-Kept Home Selling Secrets

There is no doubt that the home-selling process can be stressful. However, if you’re under a time crunch, the process can be borderline nerve-wracking. Regardless of why you need to move fast, there are a few strategies that you can implement to market your home better and attract better offers.

Let’s dive in.

Home-Selling Secret #5: Conceal Your Furry Friends

While you might think that your adorable little dog will attract googly-eyed buyers, you might be wrong. Just because you love your pet does not mean everyone else will. The last thing buyers want when they walk into a home is to smell kitty litter or see a bowl of dog food in the middle of the kitchen.

Consider having your furry friends stay at someone else’s place for the day if you plan on showing your house to potential buyers.

Home-Selling Secret #4: Remove Personal Belongings

It is important to de-personalize a home when trying to sell it. The more personal belongings you have in your home, the harder of a time you’ll have selling it. Move your memorabilia, family photos, and other keepsakes into storage.

You might even consider hiring a staging professional to showcase the best of your home.

Home-Selling Secret #3: Kitchen Is King

Beyond selling your house, you need to sell your kitchen. There are so many benefits to a great kitchen, which is why so many people remodel kitchens before selling their homes, as it brings in an 85% ROI on average.

If your kitchen looks dated, you’ll have to knock a few thousand, if not more, off of your overall asking price. Even buying a single, high-end stainless steel appliance will make your kitchen look more appealing.

Home-Selling Secret #2: Be Prepared To Show At Any Time

You never know when a buyer is going to want to come in and check out your house. You need to be ready and available, all while making sure your home is in a constant state of good shape. Never leave your dishes in the sink or hair in your bathroom sink. Keep your home dust-free and floors scuff-free.

While it might seem inconvenient for the time being, it will make a huge difference when a prospective buyer walks in and sees a shimmering home.

Home-Selling Secret #1: You Only Have One First Impression

Regardless of how well your interior looks, a buyer will judge your home the second they pass through the doorway. The first impression is one you’ll never get again. It is your job to make prospective buyers feel cozy and welcome when they pull up to the house.

Elevate your exterior with brightly colored flowers or a fresh paint touch-up.

Final Thoughts

If you don’t have the time and money to sell your homes using traditional methods, you might consider selling your home as-is to National Cash Offer. We’ll provide you with a fair cash offer and help you sell your home in as little as two weeks.

Give us a call today to learn more about how we can help you take the next steps in life.

The post Top 5 Best-Kept Home Selling Secrets appeared first on National Cash Offer.

from https://nationalcashoffer.com/top-5-best-kept-home-selling-secrets/

0 notes

nationalcashoffer · 3 years

Text

Create Curb Appeal On A Budget

There is no doubt that a healthy lawn and lush greenery can add value to a home. 94% of agents noted that curb appeal is a wonderful way to increase your asking price.

Of course, some landscaping projects can be quite expensive. If you’re looking to add curb appeal to sell your home, continue reading to find out more about how you can renovate on a budget.

Cut Your Grass

If you have access to a mower and an edger, cutting your grass yourself is easy. If you don’t, expect to pay anywhere from $30 to $80 for someone to come out and mow it. Of course, the cost depends on the square footage.

Having properly cut grass looks great and can help create striking curb appeal without paying too much.

Apply Some Fresh Mulch

If you want to reduce weeds, retain moisture, and create a landscape that looks fresh and new, add mulch. At $1.60 per bag for 2 cubic feet, you don’t have to spend a lot on it.

Darker colors like brown and black are great for most homes, though some have the ability to pull off red. However, red mulch decomposes faster than the other two, as it usually uses recycled wood chips.

Brown helps plants appear more vibrant.

Plant Flowers

Purchasing potted flowers is easy and can cost you less than $100 if you do it correctly. Planting flowers can be as simple as putting a few out on the porch to give your home that much-needed pop of color.

Amy Fedele from Pretty Purple Door says to group specific colors or plant types together in clusters of three to seven, as it creates a strong, drift of plants.

Stain Your Deck

Weather can be your deck’s worst enemy. Over time, it can weather away the stain on top, leaving your wood vulnerable to cracks or rot. Prior to staining your deck, we recommend giving it a good power wash. Once clean, apply two coats of stain.

With the right equipment, it’s easy to take on this type of project on your own. To rent an electric power washer, you’ll end up paying about $39 per day. Stain can cost you anywhere from $20 to $20 per gallon.

Include A Water Feature

Adding “white noise” of some sort helps mask unappealing sounds, such as nearby traffic or noisy neighbors. A small outdoor fountain can cost you as little as $50 depending on the material and size.

If you go with a modern fountain, you may even be able to adjust the irrigation settings using Bluetooth or Wi-Fi, which can help optimize your energy efficiency.

Final Thoughts

There are many ways to add value to your home with landscaping. Not only will you raise the bottom line when selling, but you’ll also be happy knowing that you’re providing both physical and emotional benefits to the next buyer.

Of course, if landscaping isn’t in your budget or timeline, you could always choose to sell to a home investor like National Cash Offer. Get in touch with us to learn more about how we can help you sell your home in “as-is” condition in as little as two weeks.

The post Create Curb Appeal On A Budget appeared first on National Cash Offer.

from https://nationalcashoffer.com/create-curb-appeal-on-a-budget/

0 notes

nationalcashoffer · 3 years

Text

How Has Covid-19 Impacted Moving Trends?

While remote work may be the best thing that has ever happened for some people, it has been quite a nightmare for others. With vaccinations underway, many Americans are starting to consider returning to the realities they once knew.

Covid-19 changed a lot of things about the real estate market and showed that both millennials and baby boomers were starting to move out of the metropolitan areas in what researchers called “city flight.”

Will people begin moving back to cities or will the trend of finding housing in rural or suburban areas continue?

Let’s find out.

Covid-19 Generational Trends

More millennials moved to the suburbs during the height of the pandemic, though even before Covid-19 swept throughout the US, the shift was already well underway. A lot of millennials are easing into the family formation and home-buying parts of their lives.

For many professionals, however, staying put was the move. Professionals needed to stay within good distance to the city or their places of work. While the hybrid work schedule became popular, the constant promise of a return to normality kept people in place.

It is clear that there was a generational preference during the pandemic. Young millennials were looking for good starter homes to purchase during the pandemic while older millennials and Gen X’ers were looking at local schools for their young children.

Experts noted that once things started opening back up, white-collar workers would begin moving back to the city and buying townhouses or condos within walking distance to office spaces, dining, and entertainment. The predictions, as we now see, were correct.

The prices of homes and apartments in cities have surpassed price growth in suburban and urban areas.

The Impact of Baby Boomers

There is no doubt that baby boomers have had a hard time during the pandemic. A lot of baby boomers feared that they would have to retire early due to the fact that they could not work remotely. Younger baby boomers had to worry about their older parents or young adult children during the pandemic too.

Many considered downsizing, though out of fear that they would have a family to take care of, did not.

Geographic Trends

According to a CBRE migration study, the largest number of move-ins in 2020 was in the city of Sacramento compared to the 30 largest metro areas in the United States.

People moving from San Francisco to Sacramento increased by a whopping 70% in 2020. A very similar pattern appeared in Los Angeles as well, as many Angelenos made moves to the Inland Empire. The percentage of Inland Empire move-ins rose by 14%.

Final Thoughts

While many people thought the pandemic would decimate urban centers, new data shows that it’s simply not true. As urban amenities start opening up once again, we are starting to see cities back on the rise. The urban outflow could mostly be attributed to young, well-educated, and affluent adults.

Whether you’re wondering if you should sell your city home to leave the urban center or make a flock back to the city from your rural abode, get in contact with us here at National Cash Offer to see how we can help.

The post How Has Covid-19 Impacted Moving Trends? appeared first on National Cash Offer.

from https://nationalcashoffer.com/how-has-covid-19-impacted-moving-trends/

0 notes

nationalcashoffer · 3 years

Text

Should I Stage My House To Sell It?

In the process of selling your home, you may have considered hiding your personal items away and staging. When sellers stage homes, they create a blank slate for potential buyers who want to be able to envision themselves living there.

Staging provides the interior of a home with a modern, appealing look. In many cases, staging a home can help it sell faster too. A recent report from Neighbor showed that staged homes, on average, sell in about 6 days. That’s a pleasing piece of data in comparison to the typical 48-day home-selling average.

How Does Staging Work?

You may consider hiring a professional stager depending on your budget and time constraints. Professional stagers add unique furniture and arrange decor to create a clutter-free and comfortable living environment. Setting up various rooms and properly utilizing each space is the job of a professional stager. They are meant to evoke the various emotions 0f a home, a strategy that has proven effective time and time again.

Why Should I Stage My Home?

One of the main reasons you might choose to stage your home is that you can sell it faster. When professionally staged, homes can sell for up to 17% above the asking price on average. According to the National Association of Realtors, every $100 invested in staging yields an average of $400 in return.

There is no substitute for creating an attractive listing. Think about it. Your listing is the very first thing potential buyers will see. It is your job to leave them in awe of your home. Staging could be the thing that motivates them to come to check it out in person.

A potential buyer should be able to see themselves entertaining family and friends, enjoying a movie night in the den, or whipping up a delicious home-cooked meal in the kitchen.

Cons Of Staging A Home

One of the biggest downsides to hiring a professional to come in and stage your home is that it can be expensive. If you have a big house and a backyard that needs fitting, the price can skyrocket.

On average, you will pay around $300 to $600 to stage a home. Of course, the numbers are dependent on your home’s asking price, where you live, and the square footage.

Just like an interior designer would charge you a fee for consultation design, you can expect the same thing from a professional stager.

What Do I Get With Home Staging?

A home stager is there to take care of the following things:

Decluttering

Maid service

Necessary paint touch-ups

Modern furniture and decor additions

Yard and garden improvement

Bottom Line – Should You Stage Your Home?

The answer to whether or not you should stage your home depends on your budget and timeline. Check out what other homes on the market in your area are doing and get an estimate as to how much it will cost you to stage.

Of course, if staging doesn’t sound like a good fit for you, you can always choose to sell off-market with National Cash Offer. When you sell with us, you don’t have to worry about staging, repairs, or additional fees. Get in contact with us today to learn more!

The post Should I Stage My House To Sell It? appeared first on National Cash Offer.

from https://nationalcashoffer.com/should-i-stage-my-house-to-sell-it/

0 notes

nationalcashoffer · 3 years

Text

Top 8 Ways To Prep Your Home For Appraisal

If you’ve decided that it is time to refinance your mortgage or put your home up for sale, you will need to have it appraised to find out how much it is truly worth. The only way to get an appraisal is through a licensed professional.

Of course, the more money you have your home appraised for, the more you will be able to get when selling or refinancing.

The best way to achieve the most favorable results is by following these simple steps to prepare for your appraisal.

Install or Repair Safety Equipment

From carbon monoxide alarms to home security features, you want to make sure that you have safety equipment installed and working before your appraisal.

Check For Damage

Are your gutters clogged? Do you have loose floorboards? Is anything leaking? These things, among others, are things you want to look out for before an appraisal. In essence, they show that your home is well taken care of.

Showcase Improvements

Make sure that you showcase any home improvements to your appraiser, including new gutters, siding, roofing, HVAC units, kitchen appliances, etc. Quality improvements often mean better appraisals.

Breathe New Life Into Your Home

Consider doing some paint touchups, hang new window treatments, install new faucets, or change out that old broken doorknob that’s been hanging off the hall closet for all these years. One small change won’t mean a lot in an appraisal, but many small changes can add up.

With an updated appearance, your home is more likely to create a positive impact on your appraiser.

Research Homes In Your Area

Check out similar homes in your area and see if you can get some insight into potential problems they dealt with during appraisals. If you’re not comfortable with speaking to your neighbors about these things, you’ll be happy to know that a lot of this information is on public record.

Clean and Declutter

Shampoo your carpets, wash your walls, and get rid of any clutter you might have lying around. Make sure that the exterior of your home is in tip-top shape. There is nothing quite like curb appeal to attract buyers and appraisers, which brings us to our next point.

Spruce Up The Yard

Something as simple as mowing your lawn and trimming your hedges can have a major impact. You may even want to consider removing dead plants and replanting new, colorful flowers.

If you live in an area with snow, make sure that it is shoveled away so that the appraiser can see your driveways.

Update Home Materials

Replace old floors, update old countertops, or consider replacing some cabinetry. Linoleum is so 1970s. Get some inexpensive laminate flooring and you can give your home an entirely refreshed feel!

Final Thoughts

Of course, if you don’t have the time or money to prepare for appraisals, you might consider alternative options. Here at National Cash Offer, We’ve helped thousands of Americans sell their homes quickly and inexpensively.

Make sure to get in touch with us to see how we can help you take the next steps in your life.

The post Top 8 Ways To Prep Your Home For Appraisal appeared first on National Cash Offer.

from https://nationalcashoffer.com/top-8-ways-to-prep-your-home-for-appraisal/

0 notes