Top 10 Real Estate Tips

Whether you are a buyer or a seller, you’re a valuable part of the real estate market. Now that the market is starting to rebound, it’s a good time to get back into the market again. Here are some tips for both sellers and buyers to keep in mind.1. Sellers in many places are getting not only the prices they want, but sometimes more. This might soften a bit if home building rebounds. Many experts think 2014 will see home prices rise as much as 5%. To help take advantage of the current conditions, start by getting your home inspected, and be ready to address any issues that arise.2. Staging is everything. You might need to invest a bit in some landscaping to create a better curb appeal. Or, you may need to do some painting inside to brighten up lived-in rooms. You can get some ideas from decorating or DIY magazines, or from open houses in your area. Keep in mind, some remodels don’t provide an immediate return on the investment, so those might not be worth doing.3. Strike while the iron is hot. The market is rebounding, but the future is always uncertain. Right now there are a lot of people who are much more confident in the economy and they are willing to buy, so if you’ve been meaning to sell, now’s the time!4. Talk to several agents, until you find the one who will do what you want in the way you want. You should find one who is an expert in your particular market, and is willing to try a number of different ways to sell your home. Younger buyers will be more likely to use internet or mobile searches, so make sure your agent knows how to use these tools. That way they can cast the widest net for buyers possible.5. Be wary of any really low offers. You should, based on your inspection, know just what your home is really worth. A low offer might not be from a quality buyer, and the deal might fall through.6. If you are a buyer, you should request your credit report. You are entitled to one free report from each of the major agencies each year. Look it over to see if it’s accurate, and if not, follow the steps the credit bureau has set up to get things corrected.7. In markets where inventory is really low, bidding wars have broken out. If you are willing to take part, be prepared for a wild ride! Otherwise, have a limit and know when to back out. Have some backup plans in mind of homes you are also interested in should the first house not work out.8. Don’t be afraid to ask questions about the house and the area. Is it a home where someone died? How good are the schools? (Even if you don’t have school-aged children any more, it gives an indication of the quality of the neighborhood.) What is the geology like/is the home built in a landslide area? Are there any utilities in the area with major plants?9. Don’t be swayed by what you see on the national evening news. What is true for one market may not be true in your market. Study the trends in your market to see what is happening.10. Understand your agent’s fees before the deal goes through. This is very important when budgeting to be sure you get the right amount for your loan.It’s been a long time coming, but finally the real estate market is making a comeback. With these tips and some research under your belt, you are set to have a pleasant experience. Enjoy your new home!