Timothy Dent's Blog
When you think of buying or selling a house, the first thing that comes to mind may not be the legal aspects associated with the process. You may want to reconsider this rather boring part of the process as an important one. Hiring a lawyer can help both buyers and sellers to get through many hurdles that buying a home can present.
There will be many negotiations and a lot of back and forth throughout the process of buying a home. Everything that’s involved with buying a home needs a contract for it to be legally binding. A real estate attorney will negotiate on your behalf and be sure that the contracts adhere to all state and local laws. The lawyer will also help you to address issues that may affect the future of the property such as botched inspections, liens against the home, and other items that could affect you as the home buyer.
Real estate attorneys will perform what is called a title search. This allows them to see if there are any outstanding liens or judgements against the house. This title search will also make sure that the seller has the right to actually sell the property that’s being sold. An attorney can do all of this much quicker than the average person since they have working relationships with title companies.
Transfer Of Property
If a property is being transferred through a corporation, trust, or partnership, things can get complicated. It’s good to have an attorney who is used to working with these complex situations and understands the legal boundaries within the state or municipality that the property is in.
If You Choose Not To Have A Real Estate Attorney
Many times, a real estate attorney isn’t required to buy a property. It is advisable to have one, however. Without an attorney you increase your chances of problems arising in the future. You run the risk of:
- Being sued for failure to disclose information
- An improper property transaction takes place
- You could miss relevant facts about the property
- Failing to file the correct documents at both the state an local levels
- Deeds are not transferred
- Building permits weren’t correctly filed
Having a real estate lawyer on your side is important due to the complex nature of property transactions. While some states require that an attorney be present throughout your property transaction, many states do not have this stipulation. You are smart to hire a competent real estate attorney to protect your own interests as either a buyer or a seller.
If you're getting ready to put your home on the market, one of the best things you can do is adopt a "go with the flow" attitude!
Unless market conditions are ideal and all the stars are in perfect alignment, there will probably be a few ups and downs on the road to getting your house sold!
In all probability, there will be encouraging days and a setback or two, but with the help of a resourceful real estate agent and a little planning on your part, good luck is sure to come your way! What do we mean by the word "luck" in this case? The answer to that question can be found in a quote by the ancient Roman philosopher, Seneca: "Luck is what happens when preparation meets opportunity!"
While a proactive real estate agent will create opportunities to attract potential buyers and present your home to its best advantage, the "preparation" part of the formula will mostly be up to you. Here are a few tips to help you make the most of that "window of opportunity" that opens up as soon as your agent puts your house on the market and plants a for sale sign in your front yard!
Curb appeal: Making a great impression from a street point-of-view can be one of your most effective forms of advertising. When your property looks neat, well maintained, and nicely landscaped, you'll be sending a positive message to potential buyers. By showing people that you have pride in ownership, they'll realize and appreciate the fact that your home has been well taken care of. Some homes require more preparation than others to convey that image, but when you pay attention to details, the desired results often follow.
Home staging: Staging your home for maximum impact involves strategies like arranging furniture in conversational groupings. In other words, if the configuration of your furniture lends itself to socializing, relaxation, and comfort, you'll be sending a positive message to people about the desirability of your home. It's also to your benefit to convey a feeling of spaciousness, cleanliness, and good taste. Although everyone has different taste when it comes to decorating, your real estate agent can offer helpful tips, based on their experience, objectivity, and training.
Most upgrades, repairs, and improvements to your house can potentially increase the chances of selling your home within the shortest period of time. Your agent can help you prioritize tasks you need to do to make a favorable impression on house hunters. They will provide you with professional advice on factors like cost effectiveness, urgency, and putting your best foot forward. In many cases, there are simple and relatively inexpensive measures you can take to improve your home's marketability, eye appeal, and perceived value.
If you plan to sell your home, you should consider how you can stir up interest in your residence. Because if you know how to promote your house to buyers, there may be no shortage of home showing requests as soon as your residence becomes available.
Ultimately, it is important to give buyers lots of reasons to view your home. If you promote your residence to the right groups of buyers, you could reap the benefits of a quick, profitable house selling experience.
To better understand how to achieve the best-possible home selling results, let's take a look at three tips to help you showcase your residence to buyers.
1. Focus on Curb Appeal
Your home only gets one chance to make a positive first impression on buyers. Fortunately, if you allocate time and resources to improve your house's curb appeal, you may be able to differentiate your home from other available residences in your city or town. And as a result, you may receive lots of requests to view your home.
To enhance your house's curb appeal, you can mow the lawn, trim the hedges and perform other lawn care tasks. Don't forget to repair or replace any damaged home siding as well.
Remember, the better your home looks to buyers, the more likely it becomes that buyers will want to check out your house in-person. If you prioritize your home's curb appeal, you could make your house an attractive option to dozens of buyers.
2. Craft an Engaging Home Listing
A home listing often represents a great starting point for buyers to learn about your home. Thus, if you craft an engaging home listing, you may be able to transform your house into a must-see residence for buyers.
As you create a home listing, consider your house's features. Include relevant information about any distinct house features in your listing, and you may be able to help your home stand out from other available residences in your city or town.
Provide accurate information in your home listing, too. If you make it simple for buyers to use a listing to learn about your house, you can help these individuals determine if your residence matches their expectations.
3. Work with a Real Estate Agent
For those who want expert assistance as they promote a home to buyers, it generally is a good idea to hire a real estate agent. In fact, if you have a real estate agent at your side, you can seamlessly navigate the house selling journey.
A real estate agent understands how to generate interest in a house. He or she will help you promote your residence to the right groups of buyers. Plus, a real estate agent will set up home showings and open house events, ensuring you likely won't have to wait long before you receive an offer to purchase your residence.
Take advantage of the aforementioned tips, and you can make it easy for buyers to fall in love with your home.
An open house can have a significant impact on the property selling journey. As such, it is important for a property seller to allocate time and resources to prepare for an open house. If a seller plans for an open house, he or she may be able to boost the likelihood of a fast, profitable property selling experience.
Now, let's take a look at three things that every seller needs to know about open houses.
1. There is no shortage of open houses held on weekends in cities and towns nationwide.
Many open house events are held throughout the year in cities and towns across the country. These events commonly take place on weekends and enable sellers to showcase their residences to dozens of prospective buyers at the same time.
Ultimately, it is important to find ways to differentiate a home from the competition. If a seller can promote his or her residence to the right groups of potential buyers, this individual may be able to convince buyers to attend one open house over another.
2. An open house gives a seller a great opportunity to make a positive first impression on buyers.
As a seller, it is paramount to embrace the opportunity to connect with buyers. An open house allows a seller to do just that, as it ensures this individual can provide buyers with a stress-free opportunity to view his or her residence.
When it comes to getting ready for an open house, it generally is a good idea to clean both inside and out. Also, a seller should perform home repairs and remove home clutter. Because with a neat, tidy residence, a seller can make it easy for buyers to envision what life may be like if they decide to purchase a particular residence.
3. Every open house provides a seller with a valuable learning experience.
Regardless of how much a seller prepares for an open house, there is no telling how this event will turn out. However, a seller who sets realistic expectations for an open house can plan accordingly.
In the worst-case scenario, no buyers will attend an open house. If this happens, there is no need to worry. In fact, a seller can learn from the experience and use it to find new ways to promote his or her residence to prospective buyers going forward.
For those who need help selling a home, it may be beneficial to hire a real estate agent. In addition to helping you get your residence ready for an open house, a real estate agent will offer tips and guidance so you can achieve the optimal property selling results. Perhaps best of all, if you ever have concerns or questions during the home selling journey, a real estate agent is ready to address them at any time.
Streamline the home selling process – hire a real estate agent today, and you can receive comprehensive assistance as you navigate each stage of the property selling journey.
Selling a home may seem simple at first, but negotiating with a homebuyer sometimes can be problematic. Fortunately, home sellers who understand the art of negotiation may be better equipped than others to accelerate the home selling process and optimize the value of their residences.
What does it take to become an expert home selling negotiator? Here are three negotiation tips for home sellers:
1. Stay Patient
It is easy to become emotionally attached to your residence, especially if you have lived in a home for many years. However, a home seller will need to do everything possible to keep his or her emotions in check during negotiations with a homebuyer.
In some instances, emotions can get the best of a home seller. And if this happens, a potential deal with a homebuyer may collapse.
For home sellers, the goal of a home selling negotiation is to maximize the value of a residence. Keep this goal in mind as you navigate negotiations with a homebuyer. By doing so, you may be able to maintain a calm, patient approach as you work toward selling your house.
2. Evaluate the Real Estate Market
Although you've allocated substantial time and resources to enhance your home over the years, the value of your residence may fluctuate based on the current real estate market's conditions. But if you conduct plenty of housing market research before you enter negotiations with a homebuyer, you can understand exactly what your home is worth today.
Conducting a home appraisal usually is a good idea. This appraisal will enable you to learn about your home's pros and cons and identify potential issues that may prevent you from maximizing the value of your property.
Furthermore, study the prices of comparable homes in your area. With this housing market insights at your disposal, you can enter a home selling negotiation with the information that you need to make data-based decisions.
3. Hire an Experienced Real Estate Agent
Home selling negotiations can be tricky, and for home sellers who want extra help, hiring an experienced real estate agent is essential.
An experienced real estate agent understands the ins and outs of home selling negotiations. As such, he or she will share expert negotiation insights with you to ensure that you can get the optimal price for your residence.
Your real estate agent will provide recommendations and suggestions throughout the home selling process and may even help you avoid negotiations altogether. Plus, this real estate professional is happy to negotiate on your behalf. That way, you can avoid the stress and anxiety commonly associated with negotiating directly with a homebuyer.
With an experienced real estate agent at your disposal, you may be able to accelerate your journey through the home selling process. Your real estate agent will keep you up to date about offers on your home and ensure you can get the best results possible.
Employ an experienced real estate agent, and ultimately, you can boost your chances of stress-free home selling negotiations.