Preparing An Older Home For The Market: Tips For The Best Presentation And Price

A home that has been lived in for over fifteen years by the same owner should be carefully prepared for the resale market in order to present it competitively. Building codes have changed over time, and you will want the home to present well when the prospective purchasers have their home inspection. If attention is not taken before the property is listed, various defects may be unknown and cause serious problems which could result in a deal falling through if the buyer and seller cannot agree on a remedy. Then the home owner is faced with having to disclose deficits to other potential purchasers, and this may make the home less than attractive to possible buyers.

Our advice is to hire a qualified home inspector do a pre-inspection on the property, and to make the appropriate repairs before listing. Anything that would cost the home owner more than they wish to spend may be referenced on the listing as being sold in “as is” condition.

Some features that may come up would include are the following:

Vermiculite insulation- This can be a problem as some vermiculite contains asbestos which is a health hazard. A qualified laboratory can test samples of this product for around $400.00 and verify if asbestos is present.

Mold- This may be present in areas where moisture has penetrated. This can possibly be in the attic or basement or behind walls. There are various treatments to remove it from the home, and the reason it occurred in the first place must be dealt with. Is there a leak present that needs to be repaired as well?

Basement leaks- Be sure to have these repaired, and request that a warranty for the work is written on the bill.

Wood trim around windows and doors should be properly prepared and painted.

Downspouts should be extended six feet from the house to prevent possible basement leaks and dangerous ice build ups.

Replace or repair any defective outlets. If there is aluminum wiring on the property, be sure the proper outlets are installed.

Have the electrical panel and wiring checked to be sure it is up to code.

The recommend pre-home inspection carried out by a qualified home inspector will identify any unknown defects. Preparing a house properly may take some time and expense, but in the competitive real estate market it will allow you to market the house with confidence and negotiate for the best price.

If there are any structures that are close to the lot line, double check what the minimum set backs are for that part of town. Make sure if a structure is not conforming to current by-laws you are aware of it and you do your best to rectify the situation.

A well prepared house is far less stressful to sell.

One final point- Select your agent wisely. Be sure that they are willing to put the time and attention into your property before it goes on the market.

Six Important Negotiation Tips for Homebuyers

You’ve finally found a dream house. But have you closed the deal yet?

When it comes to buying a house, the one thing you should know is that everything in the world of real estate is negotiable. Real estate brokers and developers tend to throw words like fixed price and no negotiations at you, but they aren’t being honest. Don’t get intimidated by them. Keep these 6 tips in mind to sail through the negotiation process with your agent or seller.

1. Know the Real Estate Market

Real estate is a huge market, and knowing everything can get a little difficult. But, being well informed about the general property trends in the market, such as property prices in a neighborhood, can give you an upper-hand in your negotiations with an agent or a seller.

2. Always Remember, It’s Business

In business, you don’t just look for the best. You also look for what’s most profitable. Sometimes, a property might have all that you’re looking for. But showing your desperation towards buying it can burn a hole in your pocket. Staying calm and composed in such situations is the best way to set up a table for negotiations.

3. Let the Seller Make An Offer

While being the first one to start is considered ideal in debates, it is just not the case with real estate dealings. As a smart negotiator, you should always let the seller make an offer, so that you can decide on a midpoint. There are chances that the first offer made by the seller turns out to be better than what you were going to make.

4. Try to Identify the Seller’s Motivation

Everyone has a motive to sell a property. The motives might be financial, death in the family, job related, or other such family situations. Ticking on a seller’s motive can help you decide on a negotiation approach. If the seller seems desperate to sell, you could get the property for a good price. However, if you find that the seller is in no hurry to sell the property, your negotiations might not be as effective.

5. Show Your Interest and Give Them a Date

Make sure to clearly show your interest in buying the property at the offer price you’ve made. Close the discussions with giving the seller a deadline. Communicate to the seller that any delay in responding back to your offer might cost him or her a prospective buyer.

6. Be Quick With the Counter Offers

Timing is essential in bagging good real estate deals. If the negotiations are completed and the seller has given his or her final quote, too much delay in responding would allow other buyers to step in. This will only make you a part of the bidding war. It is advisable to avoid such situations.

Debt Negotiation and Settlement – How Stimulus Money Aids Consumers With Debt Settlement

USA is facing dark times with the economic crisis and other economic issues. Obama is trying to fix the problems by supporting the stimulus money plan. Stimulus money come from government founds and are used to provide help to consumers in debt which for various reasons can’t afford to pay their loan back alone. Before the economic crisis hit, a lot of consumers needed loans and so they took loans in the hope that they will be able to pay them back. The large number of loans given by the banks caused major problems when there weren’t enough real money. This caused for a mass increase in interest rates and penalties and the consumers were forced to pay back more than what they borrowed. Most of them couldn’t afford to do so and so they filled for bankruptcy which only made the situation even worse for the rest of the citizens. With a large number of consumers still in debt and bankruptcy not being a real option any more, the government was forced to provide help and so stimulus money was introduced. Stimulus money is given to the major credit card companies to cover any losses that might appear when they accept to reduce the debt of their clients which use debt settlement.

Debt settlement or debt negotiation will reduce your unsecured debt by a large percentage after talking with the creditor and making them see that you are unable to afford the whole amount. Rather than letting you file for bankruptcy, a creditor is more likely to accept the negotiations and reduce your debt by 50-60%. It is better to get some money back from consumers and some from stimulus money rather than letting the consumers file for bankruptcy and not get anything from the loan.

Not only does stimulus funds help consumers in the battle with debt by making the creditors more likely to accept negotiations but also you don’t have to pay taxes for the reduced amount even if it counts as an income.

Debt negotiation is the best use of stimulus money and can aid consumers in their problem with debt.