October 2024 Real Estate Roundup
Even though the Federal Reserve dropped the Federal Funds Rate, mortgage rates did not go down and instead went a little higher since the reduction. Mortgage rates usually track the US ten-year bond. The hot real estate markets still are performing well, but other markets are seeing a slowdown. Check out some of the great real estate reads from this month down below.
How to Recover from an Expired Home Sale
There are usually some common reasons why a home does not sell. Given the right price a home should sell in any market. If the homeowner does not want to reduce the price there are other things they can do to make sure the home sells when listed for sale. Some of these updates and repairs can have a good return on investment which means the seller can recover the cost once the home is sold.
How Much Does It Cost to Sell a Home?
When it comes to selling a home, many homeowners are not familiar with what is all needed in order to make sure the home is ready for today’s buyers. In order to attract the most buyers and bring in strong offers the home should be properly prepared. In this article by Bill Gassett he explores the various costs homeowners can expect when getting their home ready for sale. He covers things like working with an agent, taxes, repairs, staging and more.
Haunted Listing?
In this article by Bob Gordon he explores whether one must disclose a haunted home. Not every sound, electrical problem, or smell means a home is haunted. Often times there are common explanations for sounds, smells and more in the home rather than a home being haunted. Bob explores some of the issues that can make one think a home is haunted and what the disclosure rules might be if it is indeed haunted.
Dealing with Lowball Offers
When selling a home sometimes a buyer will come along and put in a lowball offer. The first reaction for the seller may be anger, but what the seller should be doing instead is looking at the offer as an opportunity to get the home sold as Vicki Moore explains. Are other offers being submitted or are other buyers showing interest at the current price? Someone who takes the time to submit an offer is showing interest and converting them to a buyer at an agreeable price can be the best strategy forward.
Adding Children to Home’s Deed
Those listed on a deed to a home have an ownership interest in the home. The owners may have children they wish to add to the deed especially as the get older in age. Adding children to the deed comes with its own set of pros and cons that must be considered as Kevin Vitali explains in his article. There could be tax consequences, legal issues of the children could impact the home and more. Kevin advises that homeowners considering this should consult with an attorney and explore the different ways this can be done.
How Not to Annoy Your Real Estate Agent
In this article from Luke Skar he looks at some of the ways a buyer client could unintentionally annoy their real estate agent. The relationship between the agent and the buyer should be one of mutual cooperation. While real estate agents are working everyday with clients, the clients themselves may only be interacting with the agent once or twice over their home buying lifetimes. In order for both the buyer and the agent to have a great experience they need to work together.
Can a Landlord Charge You a Move-Out Cleanout Fee?
For those who are renting their homes during the move out period there could be questions as to whether the property owner can charge tenants a cleanout fee after move out. In this article by Joe Boylan he looks in depth at whether or not a property owner can charge a cleanout fee on moveout. The answers can vary and one must look at the lease, how much cleanup is needed and more. Tenants need to read and understand the terms of their lease so they are prepared.
What other articles about real estate did you find helpful? Feel free to share in the comments below.
Real Estate Roundup for October 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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