Real Estate Blog

Why have a consultation?

real estate consultationConsultations are incredibly important for people in the housing market. Regardless of selling or buying, meeting with a professional in the industry is necessary. As much information as you can retrieve from personal studies and expectations of the housing market, there is still a profession that has experience and knowledge of how the system works.

When you sit down for a consultation with the realtor, what you are getting out of the conversation is clarity. When you sit down with the realtor, you both are working through your expectations of what the process is and stating the reality. On top of the clarity you receive, you will also now know the direction with which the process is going. You will know everything you need

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The Road to Closing

selling a houseIf you think you are ready to sell your home, perhaps your first home, it’s vital that you read this guide before fully considering the options. Selling a home in this market can be pretty tricky, there are a lot of people out there who are looking and more than enough people out there not ready to buy.

There are a few steps you should follow before beginning to play the housing market. Depending on your area, the status of your home, and the current marketplace it might not be a good time for you to do so. There are always going to be homes and locations available on the market but playing your particular home at just the right time can be a decision that could save you or cost you thousands of dollars.

Can you sell your

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Learning the Market!

learning the housing marketNow that we’ve created a checklist for what to do to sell your home, it’s time we learn the market. Now, to be frank, there is no learning the market, the housing market changes and adapts constantly. But we can determine optimal times to doing things. Your house can be in the best condition it’s ever seen, but if the market isn’t looking for it, then you aren’t going to get what it’s worth.

So to sell your home, we have to learn two things:

• How much it objectively costs to sell your home

• How much the market will currently sell your home for

Assessing your Homes Value

There are two primary ways that you can assess the value of your home. Hiring an appraiser who will also help with consulting and using online

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How to Advertise your home for Sale!

advertise your real estateThe broker will work their hardest to push for your home to be sold, but these are cooperative efforts. There are many things that you can do to help sell your house. To help you with some idea, we have created this guide for how to give your real estate a real edge!

Photography

Conventional – Conventional photography is one of the most common ways to showcase a home. Take a couple of dozen photos and let people have several angles with which to view rooms and the home. This is necessary for any real estate sale; no one will inquire about a house with no pictures.

Aerial – The next big step in real estate photography is aerial photography. Most people can take 360-degree photos of the surrounding

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If you haven’t heard of a CLUE report, it has nothing to do with the table game searching for a murderer. It is a report showing the insurance claims on your home and car for the past five to seven years.

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This database is used by insurance companies to evaluate risks and determine rates. C.L.U.E. stands for Comprehensive Loss Underwriting Exchange. Rates can be increased not only due to legitimate claims but data entry errors also. Sometimes, simply asking a question without filing a claim can be logged as a claim.

For that reason, similar to verifying the accuracy of your credit report, it is important to check out the CLUE report on your home and car. The reports are free and there is a process for

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How to use an amortization calculatoramortization calculator

If you’ve ever owned a house, rented a house, tried to sell a house, or taken high-school math, you know that there is such as thing as an amortization calculator. It is without a doubt the most important tool that realtors and homeowners alike must know how to use proficiently. Yet, so few people know how to use it correctly. Luckily, there we have the answer.

What is an Amortization Calculator?

First, technically it’s an Amortization Schedule Calculator. An Amortization Schedule is a table that details and explains how each payment accrues during an amortizing loan. While amortizing loans are not specific to houses, they are always in mortgages. Amortization is the process of paying off debt, and when it

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The different types of Mortgages

Mortgage TypesBy definition, a mortgage is used by purchasers of real estate to raise funds to buy real estate. On a basic level, it is that simple. A person needs money for a home, asks a financial institution and agrees to the terms. But there is a myriad of complex stipulations that change mortgages from person to person. To help navigate this minefield, Century 21 has created this blog on the different types of mortgages there are.

Fixed & Adjustable Rate

What is the rate? – The rate is shorthand for the interest rate. You pay interest on the amount of money borrowed. That means that you pay the amount you borrowed plus the interest amount.

Fixed-Rate: This means that throughout your mortgage the interest rate will be

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What is a Short Sale

REOThere are many listings available on the market. If you are looking for the best way to purchase a home, there are many options for you to entertain. With that, you will often hear people talking about short sales and how they are different than regular sales. But what exactly is a short sale?

A short sale means that the sale will result in the financial institution coming up short on the transaction. Many people believe that a short sale simply means that it will take a shorter amount of time to process the transaction, but this is not true.

The fact is if a current tenant cannot keep up with their mortgage payments and they are financially incapable of owning the house they can opt in for a short sale. They would approach

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Preparing to buy a home

warning signsWhen you are getting ready to buy a home, it’s hard not to see them with rose tinted glasses. At any given moment, people will want to buy the house and settle into their dreams. But you need to be careful and bring professional help whenever you can because if not, you could end up falling for any of these five warning signs when you are buying a home!

The Five Warning Signs

Pest Problems – Moths, rats, ants, termites. Each of these leaves behind tells tale signs of their presence, if possible, closely inspect the window sills and outside towards the foundations of the house for any signs of unwanted intruders.

Foundations – While you’re by the foundations, why not inspect them too? Are there any signs of structural

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5 Real Estate Trends to Expect in the Next Few Months

Hey there future home buyers/sellers, this week we’re going to talk about the projected real estate trends of this year. Take the information at face value and apply it to your real estate problems to overcome!

The Next Big Real Estate Trends

Real estate trendsHigher Prices – As the market increases in value so will the prices of real estate, this is not a new idea, but it has proved true over the past few decades and is anticipated to stay true this year.

Higher Availability – On the other hand, it is also suggested that there will be higher availability for places. As more people are staying for longer with their parents, dorms, apartments, etc. Fewer people are seeking to buy these lavish houses, and none

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