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Home Financing Page 6

Financing

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while financing your first home

Financing

Understanding A New Home Financing Process

Kenya Homes - April 23, 2020

AIRBNB MORTGAGE RULES: WHAT YOU NEED TO KNOW

Financing

AIRBNB MORTGAGE RULES: WHAT YOU NEED TO KNOW

Types of commercial mortgages

Financing

Types of commercial mortgages to know as an Investor

Commercial Mortgage Guide For Investors

Financing

A Commercial Mortgage Guide For Investors

How Long Does It Take to Refinance a Mortgage?

Financing

How Long Does It Take to Refinance a Mortgage?

should you pay off your mortgage early

Financing

Should you Pay off your Mortgage early?

Kenya Homes - July 24, 2019

Preapproved vs prequalified: Why does it matter

Financing

Prequalified vs. Preapproved: Why It Matters

Kenya Homes - July 23, 2019

what are sacco loans

Financing

Do SACCOs offer Home Loans?

Kenya Homes - July 22, 2019

What is refinancing

Financing

What is refinancing when you have an existing loan

Kenya Homes - July 18, 2019

Avoiding foreclosure rescue scams

Financing

Avoiding Foreclosure Rescue Scams

Kenya Homes - July 17, 2019

What is escrow and its it needed

Financing

What is Escrow in a Mortgage, and is it Needed?

Kenya Homes - July 16, 2019

How to use land as mortgage down payment

Financing

How to use your vacant land as Mortgage down payment

Kenya Homes - July 15, 2019

consideration s before taking a mortgage

Financing

Considerations before taking a mortgage

Kenya Homes - July 9, 2019

calculating your mortgage

Financing

Why Take Out a Smaller Mortgage Than You Qualify For

Kenya Homes - June 24, 2019

Saving tips for a new homeowner

Financing

How to Minimize Expenses as a New Homeowner

Kenya Homes - June 17, 2019

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Sell Your House

Why You Should Hire Us To Sell Your House

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HOT NEWS

Myths About Renting Out Your Home You Should Stop Believing Immediately

Home Improvement

Myths About Renting Out Your Home

If you're putting your home on the market, especially if you live in an area where prices are going up and buyers are competing for homes, you may be tempted to try listing it at a high price. Don't do it. Experienced real estate agents will tell you that pricing your home appropriately from the beginning is critical to getting it sold quickly and at the best price. Research shows that overpricing your home and then dropping the price several times while it languishes on the market usually leads to selling it at a much lower price than what you originally should have asked for it. The longer a home stays on the market, the deeper the discount is likely to be off the original price. Related Articles What Is a Listing Agent? Why a Home Sale Hinges on Agent's Expertise How Much Does It Cost to Sell a House? Here's a Reality Check How Much Is Your Home Worth? For example, according to McEnearney Associates, a McLean, VA, real estate company, homes that sold in August 2013 within their first week on the market sold for an average of 2.08 percent above list price. Homes that lingered on the market for four months sold for an average of 11.53 percent below their original price. How to price your home correctly Many homeowners want to set their list price based on what they paid for their home, the balance of their mortgage, or on the profit they want to make so they can move into another home. In reality, your home is worth only what the market will bear. If you price your home too high, some potential buyers won't want to look at it at all, while others will simply walk away without making an offer. If you're interviewing several real estate agents to choose a listing agent, you may be tempted to pick the sales professional who suggests the highest price for your property. But sellers, like buyers, need to beware. The real estate agent who provides the best comparative market analysis and explanation of how your home should be priced will be more likely to sell your home quicker and for a higher price than someone who tells you only what you want to hear. A comparative market analysis should include sales prices for similar nearby homes that sold in the last month or two. In addition, many real estate agents include prices for homes currently on the market that will be your competition, as well as homes taken off the market because they didn't sell. Other data real estate agents can use to suggest a price range include how many days homes were on the market at various price points and the average difference between the list prices and sale prices on homes that have sold. Your real estate agent can help you estimate who might want to buy your house and what else those buyers are looking at so you can measure your price against the competition. A knowledgeable real estate agent can factor in all of these issues in the context of your local market conditions, including whether home prices are rising or falling and whether it's a buyer's or seller's market. Choose the right professional to help you with your home sale and then listen to your real estate agent's advice and your transaction is more likely to go through quickly and smoothly from the beginning.

Financing

Your First Home Asking Price Is Crucial

Is Carpeted Flooring A Good Home Investment?

Interior Design

Is Carpeted Flooring A Good Home Investment?

Reasons Why Good Home Ventilation is Important

Home Improvement

Reasons Why Good Home Ventilation is Important