Quick: Off the top of your head, what can a real estate agent do to sell a house that you can’t do?
“Frankly, I don’t think a Realtor® does much that I can’t do myself,” a New Jersey homeowner told CBS News. After all, real estate agents just stick a sign in the yard, hold an open house or two, and fill out a couple of papers, right? Since you, too, can perform these duties, why not sell the house yourself and keep the commission money?
This is a fallacy many Americans operate under when judging the job of a real estate agent. Keep in mind, however, that lots of jobs look easy when you aren’t the one performing them.
Before you decide to plunge head-on into the world of the For-Sale-By-Owner, here are there key points you may want to consider.
Here’s a clever real estate dictum for you: Don’t buy the best house in a bad neighborhood; buy the worst house in a good neighborhood.
There are several reasons for this rule, but the main one has to do with property values, which are determined in large part by the surrounding homes. If you buy the best home in a bad neighborhood, your home sets the highest price consideration in the area.
If you purchase a lower-priced home in a good neighborhood, you’ll pay less for it, and with improvements, you can greatly increase its value. The higher-priced homes surrounding it will also buoy its value.
This doesn’t necessarily mean you need to purchase a fixer. Sometimes a small home in a good neighborhood offers a good value if there is room to add to it. A fixer, however, presents you with the best opportunity to quickly build equity.
Not all real estate transactions turn sour. In fact, few do. But once in a while, a bad apple ends up either selling or buying a home, and can throw the entire transaction into chaos.
From buyers allowing their children to run wild through a house they’re viewing to sellers trying to hide home defects, the potential to behave badly in a real estate transaction is ever-present.
Let’s take a look at some of the ways homeowners sabotage the sale of their homes.
There are many things to consider when planning your child’s nursery. There’s a wave of excitement to tap into when designing a room that will be your baby’s. Naturally, it should welcome them to your home and be a cute, cozy and comfortable environment.
There’s no shortage of themes to choose from, but function, safety, and organization should also be top priorities. Cost should not be discounted, and is often a sensitive topic requiring additional planning.
Most importantly, follow your instincts when creating the ideal nursery for both you and your baby.