March 2021 Real Estate Roundup
Homes are still in record demand all over the US. As soon as homes hit the market sellers are seeing buyers line up to view the home and seeing multiple offers all within the first day. Prices are getting pushed up as a result. Regardless if one is buying or selling a home, proper preparation is still required and the articles in this month’s roundup provide some great tips for getting ready to do just that.
Ten Smart Steps To Take For A Vacant Home
A vacant home can be an invitation for someone to break in steel all the copper or even worse decide to live in the home as their own. By taking the right steps owners of vacant homes can help ensure safety and security of their property as Sharon Paxson explores. Many of the ideas are very easy to set up and can help one keep an eye on the home with very little effort. Homeowners have large investments in their property so keeping it safe and secure can help ensure that investment does not go to waste.
Pros and Cons of Selling A Home FSBO
Selling a home for sale by owner (FSBO) is not a new concept and some homeowners have great success doing so whereas on the other hand some homeowners have had nightmare experiences. In this article by Bill Gassett he explores the pros and cons of selling a home FSBO and what a homeowner can expect. Learn about the positives versus negatives before deciding which way to go so one can understand the challenges involved.
Tips For Being A Stronger Buyer In A Seller’s Market
Buying a home in a market strongly leaning in favor of sellers can be an exercise in frustration. Losing out bid after bid to other buyers is common. In this article by Eileen Anderson she provides some excellent tips for how home buyers can better position themselves competitively against other buyers. Coming in with strong pre-approval letters from known lenders, preparing to shorten time frames, working with knowledgeable real estate agents and more can help home buyers become more competitive and more likely to win the offer on the next home they want to buy.
Hiring Out Property Management Versus Self-Management
When it comes to owning investment real estate there are two schools of thought. Investor owners should self-manage so they can maximize their returns or they should hire out property management so they can focus on other things that make them money. Neither option is wrong and both options offer different pros and cons as Danny Margagliano explores in his article about whether you should self-manage or hire out a pro for managing investment real estate. It all comes down to personal goals in the end and this article does a great job of exploring the pros and cons of each.
Should You Sell Your Home Off or On Market?
Selling a home on market usually means listing with a real estate and having that home on the local Multiple Listing Service (MLS). Selling off-market on the other hand can mean different things, from a private sale, to FSBO or something else. In an article by Vicki Moore she provides three reasons to sell a home on market versus three reasons to sell off market. On market home sales are the more traditional way of selling a home and will result in getting a better price due to multiple buyers being able to see and make offers on the home, selling off market may be beneficial for some as this article explores.
What To Do When You Sell and Can’t Find Another Home
The nice thing about the current real estate market is that when it comes to home selling the process is very quick. Buying on the other hand is the challenge. Does that mean homeowners should hold out on selling? Not necessarily as Petra Norris explores in her article about what to do about your living situation when your house sells quickly. In this seller’s market, buyers are at the mercy of sellers and that means sellers can better control the time frame of the sale. All of which can help when it comes to finding a new place to live.
Major Mistakes To Avoid On Moving Day
The process of selling or buying a home can be stressful enough, add onto that the need to move once the process is near complete and stress can shift into overdrive. Thankfully Luke Skar put together this great article which provides twelve moving mistakes to avoid on moving day. When it comes to moving there are literally a lot of moving parts with plenty that can go wrong. Moving is not fast process and instead requires proper planning as this article explores.
Home Inspection Mistakes To Avoid
The home inspection is one of the more important activities a home buyer will engage in and one which helps make sure the home they are getting is a good investment. As a result getting the home inspection done right means avoiding major home inspection mistakes as Kyle Hiscock points out. Things like ignoring important areas like the roof, HVAC, foundation and more. Hiring the lowest priced inspector to save some money or not getting enough recommendations for inspectors could lead to a costly period of homeownership where issues need to be fixed after the buyer moves in.
Commercial Real Estate Podcast
In this podcast Paul Sian sat down with Bruce Hopkins which is a commercial real estate attorney with Finney Law Firm. In the podcast about commercial real estate they discussed the role of an attorney when buying or selling commercial real estate, commercial real estate leases, tips for buying commercial real estate and more. This is a great podcast for those interested in learning about commercial real estate and looking to make the leap into commercial real estate investing.
Have any thoughts as to the current real estate market from your perspective as a home buyer or seller? Share your comments below. Feel free to also share suggested topics for future blog articles you would like to see as well in the comments below!