It’s a seller’s market! Those two words get everyone that’s about to put their house on the market all giddy. But “seller’s market” doesn’t mean license to be a real estate snob. Somewhere between what the last people paid for a house like yours and the highest price suggested to you by a REALTOR – that’s your sweet spot. But pinpointing it isn’t always easy. Here are five tactics that will help.
It’s natural to want to save money when you’re making a purchase as large as a home. You want to buy the best home in the best neighborhood at the best price, and to do that, you may think you have to shop in the bargain bin. Here are five ways a low price can backfire on you:
Try to compare a 30-year loan with 20 percent down to a 20-year loan with 25 percent down. Throw in paying a point on one loan but not the other and you can see why comparing loans leaves many borrowers ready to give up and just do what their loan officer tells them to do.
Did you know that if you bought a new condominium in the District, you can sue the developer if the unit wasn’t in the good condition you expected it to be even if it wasn’t the one selling it? And if you bought a resale condo in Maryland, did you know you can sue the association and property management for misrepresentations they made in the resale package, even if they were not the ones selling the unit? That’s the decision of the high court in Maryland..
Liquidated damages provisions are commonly used in residential purchase agreements. When buyer and seller agree that the deposit (and sometimes a second, increased deposit) will be subject to liquidated damages they are saying that, should the buyer default, the deposit amount is the damages amount that will be owed to the seller.
Conflict is a natural part of human relationships. Self interest is a top priority while others interests are usually somewhere down the list (WAY down). People become embroiled because interests or values are challenged. Here are a few suggestions for quelling the quarrel in your Homeowner’s Assoication:
After being a net recipient of foreign inward investment for decades, China is now turning the tables, with by far the biggest part of its overseas investing going into real estate. In fact, investment in foreign property projects reached a massive US$5.4 billion in the first six months of 2014, representing an increase of 17% year on year. So what exactly is driving China and it’s demand for global property?
Waterloo, Calgary, Ottawa, Richmond Hill, Vancouver and St. John’s get top marks in a Conference Board of Canada report that assesses the attractiveness of Canadian cities to newcomers.
Fall leaves. They’re not just a wonder to gaze at – and a nuisance to rake up. They also offer countless opportunities for home décor and arts and crafts. What’s better than making your house look good and giving your kids something fun to do? Not much.
There’s one piece of advice that every real estate agent on earth will tell you – ‘If you overprice your home, it will take longer to sell and sell for less money.’ Yet, sellers ignore them, and overprice their homes anyway, hoping their home will be the one to defy market physics. Why do they do it? Lots of reasons: