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4 Signs That It’s a Good Time to Sell Your Home

Danica A • Apr 01, 2022

You might already know for a fact that you’re ready for a new home. But before you pull the trigger on selling your current home, you want to know that you’ll get top dollar and be financially secure for the long haul. Here are four signs that there’s no time like the present to put your home on the market.


1. You Don’t Need Any Big Repairs or Remodeling


Sure, upgrading a bathroom sink might make you feel better about what potential buyers see when touring your home. But don’t sweat the small stuff. You aren’t likely to recoup the expenses you put into most home improvement projects, much less turn a profit. The important thing is that your home doesn’t need some type of major overhaul that sends buyers running for the hills – something like a leaky roof or cracked foundation. Barring any such severe flaws, just double check with your real estate agent to make sure there aren’t any renovations that would significantly raise your home’s value. If there aren’t, then you should consider your home ready to hit the market.


2. You Have Positive Equity to Avoid Out-of-Pocket Costs


Equity is the difference between what your home is worth and what you owe on it. Say your home is worth $100,000. If you only owe $50,000 to pay off your mortgage, that means you have $50,000 in positive equity. Ideally, you’d like to have enough equity to cover closing costs and put some money down on your next home. At a minimum, you want to have enough to cover the current balance of your mortgage, so you can avoid paying out of pocket. As long as you have even a small amount of positive equity, that’s a positive sign that you’re ready to transition to a new home.

3. You Know You’re in a Strong Market


Chances are you have a general idea of housing prices in your area if you’ve been in your home for at least a couple years. That said, you want to look for trends to make sure you strike while the iron is hot. Look at the average number of days that homes have been on the market. Has that number been decreasing? At the same time, has the price per square foot of homes in your neighborhood been rising? If the answers are yes and yes, those are indicators of a strong market. Of course, you can always look at homes like yours that have sold in your neighborhood recently, too. If you’d be happy with the price that comparable homes are selling for, now could be the right time to list your home.


4. You Can Comfortably Transition to a New Home


Buying a new home while selling your current home is tricky. Buy before you sell, and you may need to carry two mortgages for a while. Sell before you buy, and you may need a place to crash while you search for your new home. There’s a lot to consider when weighing your options, which is why it’s wise to consult with an experienced real estate agent to help you figure out your best course of action. The important thing is that you’re able to come up with a game plan that doesn’t jeopardize your financial future or leave you without a place to stay. If you have the resources in place to facilitate a smooth transition to your next home, the timing to sell may never be better.


Work with a Real Estate Agent to Ensure It’s the Right Time to Sell


A great real estate agent can help make sure all your ducks are in row before putting your home on the market. Plus, they’ll work to make to make sure you get top dollar.

What does sale pending mean?

By Danica A • 01 May, 2022
You’ve spent months searching for the perfect home, and you think you may have finally found it. But when you hop online to do some additional research, the home’s status is listed as “sale pending.” Are you entirely out of luck? It doesn’t say “sold,” after all. Find out more about what “pending” means on a house for sale, and what your options are if you’re interested in it. What does sale pending mean in real estate? A pending sale in real estate simply means that the seller has received and accepted an offer on their home. However, the deal is not yet finalized — hence “pending” and not simply “sold.” If you’re interested in a pending property, your agent should consult with the seller’s agent to learn more about the status. You may still have a chance, though it is likely slim. Can you make an offer on a house that is pending? In short, yes. But it may not be worthwhile. A pending deal is not set in stone, but it’s not exactly open for discussion either. Unless the pending deal falls through, you can’t simply win over the seller by offering more money or waiving certain contingencies. In fact, most sellers are contractually obligated to honor the current offer, even if a higher bid comes in. Still, if you’re really interested in the home and counting on the current deal to fall through, you do have the option to submit a backup offer. Be sure to consult with your real estate agent for advice on the best way to move forward in this situation. Reasons a pending sale may come back on the market It is possible, if not likely, for a pending sale to come back on the market. There are many reasons why this could happen: Below are some common reasons why real estate purchase transactions sometimes fall through.

Foolproof Paint Colors That Will Sell Your Home

By Danica A • 01 Feb, 2022
Selling a home with an electric, lime-green living room is going to be more difficult than you originally anticipated. In fact, your home might sit stagnant on the market for quite some time. The reality is that paint color packs a serious punch in the real estate game. So, which colors are going to sell your home? A home remodeling guide and contractor liaison website, surveyed 200 leading interior design experts and influencers to uncover the upcoming paint trends for owners to keep in mind before selling their home. We’re armed with Fixr's Paint & Color Trends Report and ready to dish on the hues to use and hues to lose before putting your house on the market. (Hint: Lime green didn’t make the list.) The Kitchen: White or Warm Gray Design pros believe that warm gray or classic white tones are best for painting interior rooms like the kitchen. Some of our favorite white and warm gray paint colors to check out for your kitchen include Revere Pewter and Simply White by Benjamin Moore or Pure White and Agreeable Gray by Sherwin Williams. The Living Room: White When in doubt, white it out. Surveyed pros believe white paint will sell your home because not only does it provide future buyers with a blank slate, but it gives living rooms a fresh, well-kept appearance that appeals to the masses. Our tried-and-true white paint colors include Snowbound or Greek Villa from Sherwin Williams or White Dove and Chantilly Lace from Benjamin Moore.

$100M-Plus Club: The 5 Most Expensive Homes in the U.S.

By Danica A • 01 Jan, 2022
These days, we’re all in on guilty pleasures. In search of dreamy real estate, we cast our eyes to the apex of the market—the rare air of America’s most expensive homes on the market right now. When we last looked in summer 2019, the nation’s most expensive home was Chartwell, the renowned Bel-Air estate, priced at $195 million. However, it’s no longer on our list, thanks to its $150 million sale late last year. It’s a new cast of eye-popping places, with a few familiar faces from our sojourns into seriously expensive mansions. And while it may seem counterintuitive to have a $100 million-plus listing on the market at this moment in history, the time might be exactly right for a rarified group. Major pieces of property with lots of land and high-end amenities are quite appeal ing in this era of sheltering at home. And what better way to encase yourself in a bubble than in one of these 5 regal residences? Scroll on down for a full look at the priciest properties for sale in America.
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