Real_Estate_Buying_And_Selling_Tips by georgetitan


Real Estate Buying And Selling Tips

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Buying or selling a house has always been complicated and some homeowners would prefer to avoid the
hassle and leave it all to an agent. But for those interested in going through a hands-on process, consider
these tips before immersing yourself to the world of real estate.

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Article Body:
In purchasing a property, an interested buyer should consider the time he intends to stay in the place, since
selling a house too soon would probably not be a profitable move, especially if there is instability in the
market. Make sure that you stick with your price range and to minimize lower depreciation for your house,
buy a property that is a little bit cheaper than those in your neighborhood. The added wisdom in this is lesser
vulnerability to market volatility, with nearby luxury homes pulling the neighborhood’s price range in times
of market boom. It would also be beneficial if you talk to a real estate agent on the market condition of your
desired neighborhood.

Ask for special incentives in buying a house, as there are a lot of sellers now and the market is quite
saturated. Be very attentive on the financial terms offered by the seller and try to determine any possibility
of reducing your transaction costs, such as asking the seller to shoulder the closing cost.

More importantly, always consider the location of the house you wish to purchase. Try to avoid properties
near busy streets or places where a lot of people converge at particular times of the day. Choose a house
located in a community with viable economy, to ensure your property will still sell a few years down the
line. Examine also the local services available, as well as the crime rate. A property near a good school is
considered a good find. Do not be discourage if the house is located in a community with higher property
tax, as this often translates to better services and infrastructures.

Hire a home inspector to check whether appliances are in good working order, the electrical wirings are all
in order, and determine the state of the heating and air conditioning systems. A good home inspector should
also scrutinize the exterior of the house, including the roofing. Have the inspector check the plumbing,
ventilation and the general foundation of the house.

At the other end of the spectrum, selling your house also entails that you must first formulate a good
marketing plan. This includes considering several listing contracts with your real estate agents, who will be
the one bringing the clients to your house. Evaluate also your asking price and try to adjust it with the
current pricing trends in the local area. Timing is also important as it will do you no good to sell during a
market slump. Next, improve your house’s appeal through cleaning, tidying up the yard and even adding a
fresh coat of paint. Remember that first impression always makes a big impact on potential buyers. Make
sure that you are also familiar with disclosure laws in your area. Lastly, be discriminating in who you allow
inside your house. The value of a good real estate agent comes into play here, as it is always good to have
somebody around who is quite knowledgeable and can answer questions regarding real estate.

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