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Top Tips for Buying and Selling a Home
Looking for a home
-Use Internet for overview of properties, communities, and schools.
Get your new home inspected before you buy.
-Hire a home inspection professional who is certified or licensed.
Research home financing options before making a decision.
-Fixed rate. The interest rate you pay is fixed over the term of the loan.
Retain a real estate attorney and buyers real estate agent. -An attorney should review contracts before you sign them. -Your attorney is your legal advocate from contract to closing/escrow. -Locate a real estate agent who has a fiduciary responsibility to you. -Fiduciary. Part of the common law of agency, indicates a relationship based on trust.
Understand common contract terms.
-Contingencies. A provision in a contract requiring certain acts to be completed before the contract is binding.
Gather opinions of value from professionals on your home.
-Invite three real estate agents to submit a price range based on recorded recent sales.
Stage your home before buyers come through.
-Streamline clutter and place the focus on your home.
Internet marketing provides wide exposure for your home.
-Have a virtual or digital tour of your home in multiple websites..
Understand the elements of a contract to purchase.
-Require all offers to be in writing.
Recognize the variables that real estate agents can't overcome.
-Buyers bypass over-priced homes.
Mark Nash real estate broker, writer and author of 1001 Tips for Buying and Selling a Home (Thomson 2005) specializes in helping others succeed in real estate. http://www.1001realestatetips.com
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