Top Tips for Buying or Selling Your Home

1. Top Tips for Buying or Selling Your Home Buyers: Looking for a home? Use the Internet for an overview of properties, communities, and schools. Visit potential neighborhoods at different times of the day. Research price trends in communities and neighborhoods. Consider resale prospects on a home before you purchase. Get your new home inspected before you buy. Hire a home Real Estate Agent. If you are near Evergreen and the surrounding areas, you can contact real estate agents Evergreen CO they are awesome. Attend inspection, ask questions, and take notes. Use an inspection tour to verify home fits your needs. Submit inspection problems to the seller for remedy. Research home financing options before making a decision. Fixed-rate. The interest rate you pay is fixed over the term of the loan. Adjustable-rate. Interest rate changes at the end of an adjustment period. Seller financing. Mortgage contract between property seller and you. Avoid paying Private Mortgage Insurance. An insurance fee charged monthly to higher-risk borrowers less than a twenty percent down payment. Retain a real estate attorney and buyer's real estate agent. An attorney should review contracts before you sign them. Your attorney is your legal advocate from contract to closing/escrow. Locate a real estate agent who has a fiduciary responsibility to you. Fiduciary. Part of the common law of agency indicates a relationship based on trust. Understand standard contract terms. A provision in a contract requiring individual acts to be completed before the deal is binding. Approvals. Contract period where the sellers, their attorney, or your attorney can approve or void the contract. Earnest money deposits. Money given to the seller at the time of the contract is made as a sign of the buyer's good faith. Tax Pro-rations. Credit issued at closing from the seller to the buyer for unpaid property taxes.

2. For Sellers: Gather opinions of value from professionals on your home. Invite three real estate agents to submit a price range based on recorded recent sales. Consider hiring an independent real estate appraiser. Use similar properties based on age, condition, and size. Properties sold in the last six months offer the best indicators of value. Stage your home before buyers come through. Streamline clutter and place the focus on your home. Neutralize colors so buyers can visualize their belongings in your home. Visit new- construction model homes to gather ideas from the pros. Invite family, friends, or real estate agents over for feedback. Internet marketing provides broad exposure for your home. Have a virtual or digital tour of your home on multiple websites: 1.Post interior and exterior photos of your home on the Internet. 2.Hire a professional to write a description of your home. 3.Utilize maps to showcase your location for out-of-town buyers. Understand the elements of a contract to purchase. Require all offers to be in writing. A fair deal has favorable terms in addition to the price. Limit fixtures excluded from sale of the home to a maximum of three. Keep negations non-emotional and amicable. Recognize the variables that real estate agents can't overcome. Buyers bypass over-priced homes—homebuyers discount homes in poor condition. Households with low locations have longer market times. Buyers are more relaxed and curious during showings when sellers are gone.