February 2024 Real Estate Roundup
We get one extra bonus day in February due to being a leap year. Take some time with that extra day and check out these great real estate reads. Whether you want to buy or sell a home understanding the process is important. The articles in this month’s round up includes tips for selling a home by owner, FHA mortgage guide, figuring out the value of a home, safety tips and more.
Don’t be Mislead by the Value of Your Home
When selling a home pricing it right is important in order to get interested buyers. By pricing too high many sellers will see their home sitting on the market for a long time with no buyer interest. Some agents pitch a higher value in order to “buy” the listing and then hope to reduce the price later on. In this article by Bill Gassett he provides important tips on how to properly determine the value of a home and what pitfalls to avoid.
FHA Loan Requirements in 2024
The FHA home loan allows buyers who might not qualify due to credit or income issues under a conventional mortgage to get a loan to buy a home. In this article by Eric Jeanette he looks at the requirements of the FHA mortgage in 2024. In addition this article looks at some of the benefits of the FHA mortgage as well as dives into the eligibility requirements for the home as well as the home buyer.
Blueprint For Selling a Home For Sale by Owner
For Sale By Owner or also known as FSBO is when a homeowner opts to sell a home on their own without the help of a real estate agent. In this article by Kevin Vitali he provides and in depth guide for the steps home sellers need to take to sell their home on their own. Homeowners need to understand the pros and cons of selling FSBO, what to expect from buyers during the process, how to best determine home pricing and more in order to have a successful sale.
How an Electrician Can Make Your Home Safe
Electricity in a home is an essential thing for modern living. Electricity can also be dangerous when incorrectly installed or when it becomes damaged for whatever reason. Having an electrician make electrical repairs or upgrades will ensure the work is done in accordance with local electrical codes and can help prevent bad accidents from happening which could result in loss of the use of the house or worse as Karen Highland explores.
Watch Out For Buyers Offering to Take Over Your Mortgage
Only some mortgages have the actual legal ability to transfer it to another buyer. With low interest rates on mortgages obtained in the recent past some buyers are hoping to transfer that mortgage to them and take on that low rate. The problem that can arise is where the transfer is not official according to the terms of the mortgage but instead done on a separate contract. This article from Paul Sian explores which mortgages can be transferred, how that process can be done and also takes a look at the problems that can arise when a mortgage is not properly transferred.
Benefits of Using an Electronic Lockbox When Selling a Home
Many real estate agents have access to electronic lock boxes they can put on a home that is listed for sale. The biggest advantage of electronic lockboxes as Michelle Gibson explains is the fact that only authorized agents, appraisers, and home inspectors can access the boxes and the time of access is logged on a computer. With a manual lockbox anyone with the code can open the box at any time of day and get access to the home. The electronic lock boxes also allow the homeowner through the agent to restrict the time of showings and more.
Agents Should Share Comparables With Appraiser
An agent getting ready to list a home for sale will pulls comps or recent comparable home sales in order to get a price at which the home should be listed for sale at. Those home sales comparables can and should be shared with the appraiser as this article from appraiser Tom Horn explores. Tom explains the role of the appraiser and what benefits can be had when the listing agent and the appraiser compare notes on the value of a home.
Signs a Home Needs a Bathroom Update
Updating a bathroom can help refresh the look of a home and depending on what is being done can be done on a budget. In this article from Vicki Moore she looks at ten signs a bathroom should be updated. Noisy or leaking fixtures, bad odors, excess humidity and more can add up to signs an updated bathroom will be in the forecast. Bathroom updates usually represent one of the best return on investments as well when it comes to home improvement.
What other real estate articles did you find to be helpful? Feel free to share them in the comments below.
Real Estate Roundup for February 2024 was provided by Greater Cincinnati Area Luxury Realtor Paul Sian of United Real Estate Home Connections. Paul is a licensed real estate agent in the states of Ohio and Kentucky and has over 17 years of experience. Do you have a home you are ready to sell now in Greater Cincinnati or Northern Kentucky? Be sure to contact me now!
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