5 Reasons Selling Without an Agent is a Bad Idea
Do-it-yourself projects are in vogue these days. You can find advice online for everything from investing in crypto-currency to tearing down the living room wall. When considering the cost of moving, it’s natural to wonder if real estate commissions are one way to save money, but it would be a mistake. A good real estate agent might make it seem easy, but the fact is that selling your own home could actually cost you thousands of dollars. 5 Reasons You Shouldn’t Sell Your Home without an Agent The Safety of Your Home and Family is a Priority – Real Estate agents control access to your home.Most Serious Buyers Start their Search Online – A professional listing area will market your home aggressively online, which is where the buyers are searching.The Buyer Might not be Qualified – A real estate agent knows how to qualify a buyer and what to look for with lender letters. Selling your home on your own risks wasted time with an unqualified buyer.You Don’t Know How to Negotiate Properly – Every aspect of a real estate transaction is negotiable; you don’t have the experience to know what to negotiate to get the best deal.You Could Expose Yourself to Liability – Required disclosures and paperwork for a home sale is extensive; unless you plan to use an attorney, you could miss critical disclosures and expose yourself to financial harm.Finally, more often than not, sellers net more when they use an agent than when they try to do it themselves. In addition to selling faster, a professional agent knows how to properly price and promote your home, ensuring you get the best possible sales price and terms. If you are ready to list your home, reach out and let me help you get started. www.amyneuharth.com 907-232-2807
When Should You Invest In Rental Properties?
Interested in investing in real estate? Last week my assistant and I attended an amazing workshop with Landmark Collective about real estate investment. Perfect timing for me to share some information if you are considering this route. If you are considering becoming a property investor, you may wonder why you should buy a rental and what indicators to look for when trying to find a property. Here are some signs to look for if you are on the fence about investing in a rental that indicate it is a great time to buy! Low Interest Rates When mortgage rates drop, it is much easier to make a property produce income. The best place to figure out what kind of interest rate you will get for an investment property is with a lender. Check in with them to figure out how to start the process, and contact an agent to help you start viewing potential properties. Home Equity Check in with a local Realtor to see how much your current home is worth! Some investment properties require a high down payment, but low-interest rates, refinancing and knowing your home value can make a difference. For example, if you need to borrow 10%, many homes in good markets can appreciate 10% of their value in just a year, depending on the condition and the location. Chat with a lender to see if you can qualify, and check in with your current mortgage company to discuss your plan. Scarcity of Units Do you live in a location where rental units are in high-demand? Maybe your city is growing and the demand for a space to rent is higher than the available properties. If that is the case, now is the best time to find a property to purchase for rental purposes. Return Rate If the rate of return in your county is growing, it might be a good time to invest in property. If there is a yearly increase, you can make significant gains over time. If this is something you are considering or would like to learn more about, let’s chat! Reach out to me at www.amyneuharth.com or 907-232-2807
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