Tips for what you're doing today

It’s true that selling your home is very stressful and complicated these days.  At the same time, buying a house takes attention to detail and lots of stamina.  When the news about real estate markets changes from day to day – up, down, all around town - you need to keep a cool head. 

A few months ago, Fortune Magazine published tips for buyers, sellers, and stay-putters. They covered a lot of ground but there were a few key points: you need to know the neighborhood, know the market, and choose a professional to look out for your interests. 

Sellers

• Choose an experienced and reputable Realtor® who will help you throughout the complex sales process. Your agent will have current information about your market and recent sales in the area, and will have the marketing expertise to get your home noticed.
• Price your home right; don’t cling to memories of what houses were selling for six months or a year ago. The world has changed and you’ll only hurt your chances of getting a good deal if you won’t listen to your Realtor’s advice.
• Present your home at its best.  De-clutter even if it means renting a storage locker to hold extra furniture. Potential buyers need to see themselves in your house. We can help you with suggestions on how to stage your home to best advantage.

Buyers

• Take your time and get to know your market. There are more homes available today, but the best will still go quickly.  Know the areas that interest you so you are ready to make a decision when the home of your dreams appears.
• Get pre-qualified for a loan before you start house hunting. That way you will know what you can afford, and your Realtor can help you find the right fit for your budget. 
• Do your homework about the school system, zoning issues, jobs, and property taxes.
• Have a home inspection to spot any issues that might need repair.
• Remember that price is not the only issue. Your Realtor will help you see the whole package and negotiate for the best combination of terms.

Staying Put

• If you have an adjustable-rate mortgage, keep an eye on the interest rates that have recently been rising. And if you’re facing a big adjustment, consider switching to a fixed-rate loan.
• Revisit your retirement plans – does the gain on your home represent a large part of the funding? That’s fine, but don’t ignore your other retirement savings. Real estate is a great investment, but diversification is still the best plan.

Whether buying, selling, or sitting back and watching your home investment grown, call on the "Special" Ed Haraway Team to help you reach your real estate goals.

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