When trying to sell a home, first impressions are extremely important. You want to make sure your home looks extremely clean and neat for all the prospective buyers who will be completely walk-throughs once your home is listed. If a buyer automatically sees a lot of issues with your home as soon as they walk through the door, they most likely won’t want to place their money in what is presented to them as a poor investment. Ask yourself if you would buy your home when taking just one glance. You should also consider:
When you are in the market to sell your home, real estate agents play a pivotal role in your ability to do just that! Your real estate agent will help you place your home on various listings to get the most visibility from potential buyers. They will also give you recommendations concerning what price point you list your home at and what offers you should accept. Los Angeles County is a great place for living a life of luxury and real estate agents are going to know exactly which buyers are going to fit best into the property you are trying to sell! Your real estate agent will help make sure you get as much money as possible when considering the true market value of your home. With their recommendations, you will place your home on the market at the right time which will give it the best chance of being sold!
Once you place your house on the market, you should be ready to show it all the time. You never know when a prospective buyer is going to drop by to see if they can get a quick tour of your home. At this point, you have already completed some valuable reparation projects that have made your home look much more presentable to prospective buyers. Now there are just a few more things you need to complete to make sure you put forth the best first impression you can. Before you show your house, you should:
Your real estate agent will most likely notify you every time a prospective buyer is about to come take a look at your home. Make sure you go through this quick check list below right before they get there to avoid any embarrassing issues.
The physical inspections that occur during the homebuying process allow the buyer to receive a professional third-party opinion on the property they want to purchase. There are various different types of home inspections that the buyer can chose to have completed for the property.
This is where the third-party professional determines the overall condition of the property regarding its functionality, safety, and overall integrity. The general home inspection helps the buyer understand the value and overall condition of the home or property they want to purchase.
The ground stability and soil condition of the property in question are evaluated during this inspection. The third-party professional will also be able to determine if there was any significant geological activity that occurred on the property.
This evaluation determines if there are any pest infestations that exist within the home or on the property. If any wood-destroying organisms such as termites did cause any damage to the home, the assessment will uncover what reparations need to occur before the buyer feels comfortable purchasing the home.
The initial purchase agreement that is signed between the buyer and the seller will determine who has to take responsibility for paying for any reparations that need to be made. The real estate professionals will advise on what is the most customary decision to make when both parties are negotiating who will be responsible for the repairs.
Most general, pest, and geological home inspections all uncover the same findings. Some of these findings are minor while others pose a major threat to the structural integrity of the home. Some of the most common defects include:
The home warranty provides the overall coverage associated with various systems within the house such as electrical, plumbing, and mechanical. If unforeseen incidents occur after escrow is closed, this insurance policy covers them. When the main systems within a home are exposed to any kind of damage, the cost can start at $300 and just go up from there. This depends on where the homeowner lives. The homeowner should choose the level of coverage they receive based on where they live to make sure the insurance policy is properly prepared a year in advance. The policy is given to the new policy holder after escrow is closed. The policy is able to be renewed annually so the new policy can take advantage of this renewal if they choose to do so. With a home warranty in place, the usual “payment responsibility” confrontations are avoided because everything is written out in the warranty. In most cases, the seller will cover any major issues that arise.
Every state has their own individual stipulations when it comes to insurance coverage for warranties. The main three plumbing, electrical, and heating system issues are usually covered by the basic home warranty plans. A per-item basis charge is most commonly applied if there are any issues with swimming pools, spas, or air-conditioning. The other comprehensive plans are utilized to make sure roofs and irrigation systems have the property amount of coverage.
After the insurance policy is officially created, the person who holds that policy has two options. They can allow the insurance company to get an outside service company to fix the problem or they can use the in-house services provided by the warranty company themselves. As always, the type of home warranty that exists for the home determines the level of service the policy holder will receive for their specific problem.
Whenever a buyer is looking to purchase a home or property from the seller, their real estate agent is going to assure an appraisal is completed on the home. An appraisal is made by professionals who have an unbiased opinion of the property or home being sold. The current state of the home is decided and a quality value is placed on the property. This allows the buyer and seller to understand if the value the property being sold at is reasonable given its current condition. The appraisal is done as of a specific date for lending purposes. The final quality value placed on the property may not have any true effect on its market value. The appraiser will make sure they evaluate both the interior and exterior portions of the home to determine its fair market value. They will compare the seller’s home to other homes that are in the area that have similar internal and external features such as construction, age, lot size, and the overall size of the home. These comparisons are mostly completed for the homes that have sold within the past six months of when the buyer is trying to purchase the house from the seller. The appraiser and the lender will then schedule a meeting discuss what the appraiser determined to be the true market value of the home. This will come in the form of a detailed report.