Author

Nick petrov

Nick Petrov is the founder and writer of this website. he wrote many useful and awesome articles about real estate.

Sell Your House
Buy & Sell,

How To Sell Your House Without A Realtor And Avoid All The Hassles

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When it comes to selling your house, there are a dizzying number of options and nuances to consider. For example, there are differences in how you approach selling your house based on whether you’re a first-time seller, a former real estate agent, or a seasoned pro looking to upgrade your listing. And if you sell your house yourself, there are even more nuanced differences in how you can sell your house without a real estate agent. If you’re like most homeowners, you’re probably wondering: is all this extra effort worth it? In this article, we’ll answer some of the most common questions around selling your home without a real estate agent and help you decide whether it’s the right choice for you.

What are the Pros and Cons of Selling Your House Without a Norfolk Real Estate Agent?

Save money. You don’t need a real estate agent in Norfolk Virginia, so you can charge less. And while you don’t need to pay a listing agent, you can still save by listing directly with the MLS and marketing your home yourself.

Own your own destiny. Norfolk Virginia real estate agents are often paid a percentage of what you sell your house for. You can decide who shows up at your house, and you don’t have to rely on the whims of a stranger.

More control over the process. Real estate agents aren’t required to do business ethically, and they often aren’t bound by the same rules a homeowner is bound to. Selling your house without a real estate agent allows you to exert more control over how your house sells.

Less risk. Real estate agents in Norfolk VA take on a lot of risk when it comes to buying and selling houses. If they make a bad decision, they can be held legally accountable for it. Selling your house without a real estate agent also means less risk.

Faster sale. If you decide to go the traditional route and list your house with a real estate agent, you’ll most likely have to go through a lengthy process. Selling your house without a real estate agent gives you a head start in the process. Tea

Save time. You don’t have to find a buyer, set up showings, send out offers, negotiate offers, and so on. You also don’t have to attend open houses and long marketing tours. You’ll need to hire a crew to help you sell your house. If you list your house yourself and use an online platform like Zillow, you can sell your Virginia house without hiring anyone.

Save on marketing expenses. You won’t have to pay for any MLS listing fees, real estate agent fees, MLS advertising fees, MLS print costs, MLS Internet costs, marketing materials, logo design fees, billboards, billboards design fees, or any other MLS marketing fees.

Less pressure. Assuming you don’t list your house yourself and use an online listing, you’ll likely have more time to spend on other things while your house sells. Selling your house without a real estate agent means you don’t have to spend time on the sale while spending less overall.

More control over the selling process. You have more control than you would if you hired a real estate agent to sell your house in Norfolk Virginia. You can set the price, change the price, close the deal when you want, and move out when you want. You can also use an agent, but if you go this route, you can still sell your house without a real estate agent.

Things to Consider Before Making the Decision

How much time will it take? Listing and marketing your house is the easy part. Once it’s on the market, you’ll need to be ready to show and be ready to close on the sale at the drop of a hat. A listing agent takes care of these details for you, which means you’ll have to be ready to show your house whenever it’s time to show. Selling your house in Norfolk, VA without a real estate agent is simple, but you’ll still need to be ready to sell your house if it sells. You’ll have to set your expectations accordingly.

How much time do you have? Selling your house is a full-time job if you have a real estate agent on board. If not, it will take a significant amount of effort on your end, including hiring a crew to help you market your house, ready to close on the sale, etc. Selling your house without a real estate agent is done on your own time, so it will take as much or as little time as you have available.

Potential liability. Real estate agents in Virginia are licensed professionals, and most states require them to do business ethically. If you choose to sell your house without a real estate agent, you run the risk of hiring a shady or unethically motivated agent.

How much experience do you have? Selling a house is hard enough without having experience in the real estate industry. That’s why real estate agents exist: most people need help to sell a house, and real estate agents are the only people who can help most people. If you don’t have real estate experience, choosing to sell your house without a real estate agent can lead to poor decisions.

What will you do if your house sells for less than you expected? This could be a serious issue if you choose to sell your house without a real estate agent. If your house sells for less than you expected, you’ll need to adjust your expectations accordingly.

What will you do if your house sells for more than you expected? In this scenario, you might have more equity in your house than you thought, which means you can use that equity to make a down payment on a new house or pay off your existing mortgage early. Selling your house without a real estate agent gives you full control over how much your house sells for.

How much traffic will you get? Most real estate agents make their living through traffic. That is, as long as you have your house on the market, they’ll get you traffic. Selling your house without a real estate agent gives you control over what traffic you get, so it’s up to you to get the job done.

Are you ready to sell your house in Norfolk? No matter which route you choose, you’ll need to be ready to sell your house. Selling your house without a real estate agent is up to you, but it requires that you’re ready to sell your house when it’s time to sell your house. If you aren’t, it could take longer than it would have with a real estate agent.

Will You Use a Real Estate Agent to Sell Your Home?

The decision to list your Norfolk house or sell it yourself is a huge one and one that you can’t rush. As with anything in life, you shouldn’t dive in headfirst without doing your research first. You’ll be much better off if you have a plan and have considered all the options, and there are many ways to sell your house without a real estate agent.

Interior Designers
Building House,

Best Interior Designers In India Reveal How To Arrange Furniture In A Space!

They say about arrangement that it is math. We say that arrangement is a concoction of math and psychology and function and aestheticism. Just because you have a pretty piece of furniture does not mean that it will look pretty too. A bad placement has the ability to chisel out the beauty from the furniture. This is why the best Interior Designers in India, Radvi says, work hard on the right placement of the furniture in the given space (Click here about Radvi.) Interior Designers work on bringing different elements into a choir for a melodious harmony. For example, the colour of the wall must harmonize with the flooring and the furniture too.

The beauty is not in buying the expensive, it is in placing things at the right place.

Best interior designers tips about arranging the furniture in a space!

Arrangement and placement of furniture and other fixtures is a part of space planning. But why do you need to plan for furniture arrangement? Who does this? We tell you why. If you arrange your furniture based on functionality then you’ll find that it might not look pleasing to the eyes, although functional. On the other hand, taking notice of beauty alone troubles the same way. You will find later that their functional quality has decreased. And then you’ll start moving furniture around again. It will then create disruption in the aesthetic appeal for which you had worked earlier.

When we talk about furniture arrangement or placement, we talk about it with regards to two different aspects –

  • Functionality and Human factors
  • Aestheticism or elements of design

We’ll discuss these both separately. Going through these guidelines will help you have a better furniture arrangement at last. All the best Interior Designers in India, Radvi says, work through these factors, and so must you.

1 – Functionality!

Functionality gets decided by what do you want from a room. How do you want to use it? Do you want to use the room as a library alone or do you want to combine it with the dining area? Is it a living room that accommodates several different things in it? Interior Designers first ask their clients about their needs. It directs the furniture arrangement and placement.

There are three main things that the functionality includes.

  • Combining
  • Mechanical movements
  • Circulation or human movement

Combining means how you want to use the room as. Do you want to use the room as a standalone library or kitchen or bedroom? Or do you want a room to serve two or three different purposes? It will impact the type of furniture you’ll be buying. For example, if you wish to use the conversation area as an informal dining area, you’ll need to buy specific furniture that will work for both these things.

Mechanical movements mean any movement that the furniture will be making in the room. The movement of one furniture piece should not hinder the movement of another. For example, doors must have enough space to open up freely. Windows too must open freely without any interruption. If there is a furniture that has parts that open up, you need clearance space for it.

Circulation involves human and air movements. Furniture must be placed in such a way that they neither are blocking a person going from one space to another and nor are they blocking the flow of air.

Human Factors

Because furniture won’t be having any purpose without a human, we need to adjust them according to humans. All the best interior designers in India, Radvi adds, take care of Anthropometrics, which is the measurement of human dimensions. The furniture and space get planned according to this. Here are the things that you need to consider –

  • If there is a movement-impaired person at your home, you need to design space accordingly.
  • Main passages should be at least 3 feet wide.
  • The furniture or sitting area should have around 3 feet of foot clearance.
  • Dining area should have around 2 feet of space per person for proper dining.
  • An intimate distance between 2 persons is considered to be 1 foot 6 inch.
  • If you are using the space for social purposes, the advised social distance is 4-12 feet.
  • Take care of Proxemics while designing the space.

After you are done with the factors involving functionality, it is time to look for the factors that hover around aestheticism and beauty. A furniture placement must also look mesmerizing to the eyes.

2 – Factors related to elements and principles of design.

A thing of beauty is a joy forever, and this thing of beauty should also weave the furniture placement. There are elements in interior design that the best interior designers in India take care of while designing the interior. Here are the elements of design that you need to work on –

  • Color
  • Space
  • Light
  • Line
  • Pattern
  • Texture
  • Form

The things in the home should be placed and designed around these elements. It leads to an environment where dreams come true and life thrives.

2.1 – Balance and Mass of the elements

There are ways that you can make a piece of furniture look massive while others look tiny. One such way is to put a skirt on the furniture and it’ll create an illusion of massiveness. Furniture must be placed in such a way that the visual mass gets divided as per the desire. If you want one area to look massive while other areas tiny, work around the things. Dark furniture looks more massive than light furniture.

2.2 – Rhythm

When we talk about rhythm in furniture placement, we talk about patterns in forms and textures. There must be a rhythm in how furniture gets placed. Using the same furniture throughout creates a sense of monotony. Monotony rarely works for the better and interior designers understand it well. So, you would want to create a sense of rhythm in your furniture placement. For example, you might alter using upholstered furniture and plain wooden furniture.

2.3 – Line, Geometry, and Harmony

It is about how lines and other geometrical aspects in the room behave. Lines could form in the way you place furniture together. Lines could also form through the use of patterned upholstery. You need to have an idea of these lines and make sure that these lines do not contradict each other.

2.4 – Use of Space and Form

You would want to make use of positive and negative space in a manner. Negative space in the space that holds no object at all. This space is used to create a sense of calm and helps neutralize things around.

Large pieces of furniture should be moved a little away from the wall. This creates a sense of calm and air flows throughout the room. The eyes do not feel that they have been trapped at last by the wall with nowhere to go.

These are all the few things that interior designers throughout the world use. Know that things go far more deeper when you actually go through things. If you have a big space that you need to design, we suggest you look for an interior designer. It will help you make sense out of your beautiful home. If you are looking for the best Interior Designers in India, Radvi is your name – Click here about Radvi and its graceful ways of shaping a house into a home. At last, revere how you shape your home and it will bless you with peace.

redecorate house
Building House,

Tips to redecorate and renovate your house for the festive season

Decorating your house for festive seasons gives you a fresh perspective and lets you see what you can do better in the house. The cozy corners, the lively terraces, and the beautiful artifacts that you have collected so lovingly demand to be seen. Your decorations, knickknacks, ornaments, and streamers can turn around the vibe of your home and make it festive ready within minutes. However, if you are looking to take it to the next level, you could look at making some changes in your home and getting onboard the enthusiastic bandwagon.
Here are a few ways you can decorate the house and make it a memorable holiday for your entire family!

Things to consider while decorating your house

  1. Redo the walls – During the festive season, you often decorate the house and wonder how best to do it without damaging the furniture or the walls. Well, what if you could change the walls themselves! You can paint your walls with plastic paint and stick all sorts of lively decorations and not worry about the wall getting spoiled! A lovely shiny wall can only add to the festive spirit. The plastic paint price of 20 liters will shock you and you will be surprised with how much area you can cover with 20 liters. Murals on walls can’t hurt either.
  2. Repaint the furniture – Nothing says cute like a painted cupboard or shelf. The lovely colour on your dresser can brighten up the room and a table near the entrance can set the tone for the rest of the house. Hand-painted furniture with little drawings for the festive season can’t hurt either.
  3. Donate the things that you have in excess – Holidays are the time for giving and receiving blessings. One of the best ways to spread cheer is to share your wealth with the less fortunate. Declutter your home and give away the things that you don’t need. One of the ways to decide whether something is useful or not is to evaluate whether you have used it in the past year.
  4. Recycle your decorations – Most of us end up damaging or losing the decorations and spend the next year again on decorations. Is it not better to save the decorations and use them again? You can also reuse some of the artifacts in your house to create innovative vases, display potpourri, or other smaller artifacts.
  5. Identify the things you wish to change and make a budget – Take a hard look at your house and identify the things you want to change. Once you have done that, allocate a budget for every task. If you are looking to paint your walls fresh then you can use a painting cost per square foot calculator to assess the budget for wall painting. SImilarly, looking for furniture, or more lighting options one of the most important things to do is to finalize how much you can spend in total and make plans accordingly.

Whether you are looking for small changes or a grand gesture to make the holidays more memorable, it is best you start planning in advance. That way you have plenty of time in hand to complete the house before the season starts and you can enjoy the new look of your house with your family and make it a part of your joyful celebrations!

renting apartments
Rent,

Jamaica Plain Apartment Vacancies Above The Boston Metro Average

There has been a decline in the number of people interested in renting apartments in Jamaica Plain. Both the real-time availability rate and vacancy rate bear testimony to this fact. Though the demand for apartments in several other neighborhoods in and around Boston like Back Bay and South End has recovered, rental demand has been slower to return in Jamaica Plan.

This trend has been illustrated by two key apartment supply metrics. The real-time vacancy rate (RTVR) is calculated by dividing the number of vacant apartments by the total supply of apartments. The real-time availability rate (RTAR) in Jamaica Plain can be calculated by adding the total number of Jamaica Plain apartments available for rent(not just vacant) and dividing it by the total supply of apartments.

As of now, the Jamaica Plain vacancy rate is at 2.56%. This is quite a high percentage and slightly alarming considering the fact that the vacancy rate in JP is nearly double than the vacancy rate for all Boston apartments (1.33%). In Beacon Hill, the vacancy rate stands at 0.77%. At 0.41%, the vacancy rate in Back Bay is even lower. The vacancy rate in Fenway, which stands at 0.50%, is also quite low compared to Jamaica Plain.

One is further alarmed to see the change in the RTVR % of Jamaica Plain over the past year. The YOY RTVR% has increased by+166.67%. When you compare it to the YOY RTVR % of East Boston, which is at just +5.23%, you realize how high the percentage is. It must also be noted that many areas in Boston like Fort Hill and North End have witnessed a decline in their RTVR % coupled with an increased demand for rentals.

At 3.12%, the real-time availability rate in Jamaica Plan is well above the city average (1.88%). Only Dorchester (3.39%), Mattapan (4.10%), Roxbury (4.69%), and Hyde Park (4.09%) currently have a higher apartment availability rate than Jamaica Plain.

So look for apartment prices to remain low in Jamaica Plain at least for the short term.  Lower rent prices in inner Boston may have attracted some renters away from more affordable rental markets like Jamaica Plain over the past year, as many landlords dealt with soaring vacancies in these core areas.  As prices return to normal over the next year, look for the apartment supply to contract in Jamaica Plain.

Student Loan Debt
Building House,

How Should I Purchase a Home if I have Student Loan Debt?

The student loan debt crisis has spiraled out of control. Millions of recent graduates are struggling to make ends meet with jobs that offer incredibly low starting salaries and costs of living that are rising all across the nation. As a result, many new graduates feel that their dreams of purchasing a home are too far out of reach.

Luckily, those that are navigating a mountain of student debt while looking to buy a home have some options available to them.

The Issue of Debt-to-Income Ratio

Applying for a mortgage is a stressful process. Further complicating the matter for new graduates is the fact that lenders often consider an applicant’s debt-to-income ratio more heavily than almost any other factor.

Debt-to-income ratio is fairly intuitive and can be understood from the name itself. Essentially, it is number that demonstrates how much a person owes in credit card debts, school loans, etc. vs. how much they make each year in salary.

For recent graduates, debt-to-income ratio is difficult to improve due to a number of reasons.

First and foremost, employers that hire new grads often see the employee as a risk. There’s no telling whether or not this new grad will be a good worker in this position, as this is likely their first time working in a full-time capacity. Therefore, businesses will often see no problem with offering new graduates less in compensation.

Secondly, as was discussed earlier, new graduates often have significant levels of debt due to their student loans.

Taken together: companies feel justified in paying new graduates less, and new graduates owe a ton of money in student loans. This combination reflects unfavorably on their debt-to-income ratio.

Improving Debt to Income Ratio

Fortunately, there are ways to improve debt to income ratio for those with crippling student loan debt.

A few methods of improving an applicant’s chances of receiving a good mortgage offer is for them to refinance their loans and to pay off any debt they may have, such as a credit card. Taking these steps, however small they may be, will show lenders that the applicant is trying to improve their financial situation.

Another option stems from a recommendation made by Fannie Mae, the government loan assistance program. Fannie Mae recommends that applicants use what is known as “debt paid by others” to improve their mortgage application.

Essentially, this means that family or friends can assist the mortgage applicant by helping pay off some of their car loans or other debt. This “debt paid by others” will not count against the potential homebuyer, and can significantly improve their application status.

A Mortgage Professional Can Help

Throughout the homebuying process, many questions will come up. Some applicants may even question if it’s worth it to attempt to purchase a home in their current financial state.

But regardless of an applicant’s income, debt level, or any other factor, qualified mortgage professionals, like the ones at Rex Homes, can help. These experts in the housing field know everything there is to know about the mortgage and homebuying process, and they are ready to help you today!

Real Estate Investor
Real Estate,

5 Tips for Becoming a Successful Real Estate Investor

The real estate sector is a perfect place for a person to invest their resources. Investing in this sector offers the opportunity to generate favorable returns based on your investment. Furthermore, investing in real estate is much safer than investing in stock markets. However, it is essential to carry out intense research before undertaking any process. The following are some of the tips you can apply to and become a successful real estate investor.

Choose your Timing and Market Wisely

If you want to become a successful real estate investor, it is essential to understand both the local and national markets. Moreover, the choice of a person’s investment and its success are mostly determined by the various factors in the particular real estate market. Generally, it is recommendable to avoid rushing to invest in extremely hot markets, especially if you are new in the industry.

Understand the Market

Different sectors have their challenges and variances. Understanding the real estate market is one of the best ways to avoid issues when investing in the sector. Having adequate knowledge about your real estate market helps in evaluating the value of an investment property. For instance, you should know the value of the property you intend to purchase and the amount of income it can generate. Renovating a building can also attract more buyers when selling it.

Manage Your Risks in the Investment

As an investor, you need to develop various strategies for managing risks in a real estate investment. According to Steven Taylor Los Angeles, one of the most recommended ways is avoiding going too much into debt. When purchasing an investment property for sale, you should place at least a ten percent down payment. However, twenty percent is much better since it yields lower interest rates on loans and excludes private mortgage insurance. It is also good to maintain a big cash reserve.

Optimize the Value of Real Estate

It is also important to adopt mechanisms that increase the value of the property. This can help you to generate more profits. For instance, you can consider renting out certain areas of the building to a bank to install an ATM. Such steps can help in ensuring the building is fully rented, hence generating more income. If you have invested in an apartment, you can also maximize the property’s value by offering value-added services.

Understanding the Regulations and Rules of Real Estate Investment

Various rules govern the real estate sector. Therefore, Steven Taylor LA suggests that you should be aware of the rules and regulations guiding real estate investment based on the area you intend to invest in. For instance, you should not turn your basement into a rental area until you establish whether it is allowed. Some areas are also restricted to turning a building’s first floor into a commercial area based on their zoning laws. Understanding these laws prevents you from conflicts with the authorities.

Real estate is a profitable sector that you should consider. However, it is important to understand the dynamics of the industry before beginning your project.

real estate agent
Real Estate,

Advantages of a real estate agent

For every private seller, the question arises as to which property platform or which other way he should offer his property.

The real estate agent has the advantage to know of up-to-date, conventional and new sales channels. With regard to the costs involved, it starts to be considered whether it is worth taking the risk of the advertising costs yourself. Doubts about not successfully selling your own property and thus staying put on the costs lead us to consider whether it might not make sense for property owners to commission a real estate agent to sell their house. After all, placing real estate ads is one of his core competencies and the broker should therefore operate all platforms that make sense for your sale.

But is that true at all? How can private sellers tell whether a real estate agent seeks out all possible sales channels when selling your house?

Advertisements on real estate portals

Many real estate portals also allow a real estate ad from a private seller.

There is even a property portal where you can advertise your real estate for free. Such an example is www.listproperty4free.com

If your real estate is incredibly cheap, let’s say it is a property below 20,000 EUR you can list it on www.propertyunder20k.com where many buyers are already waiting for your property.

Of course, you should always keep in mind that real estate agents have a lot of experience and usually they benefit from having a pool of possible buyers who might be interested in your real estate. Although they will charge a fee to sell your property, you probably sell your house quicker with them.

The experts in home sales are real estate agents. Many experiences have shown that the effort and knowledge required to sell real estate can be handled by a private seller only by investing a lot of time from his part. The completeness of an exposé for the house sale alone determines the success and failure of a real estate advertisement. Pre-selection of prospective customers and checking their solvency is also a difficult task.

If an interested buyer has any questions about the property, you can trust an expert and there will probably be questions that you, even as the owner, cannot answer directly.

Are you a real estate agent?

As a real estate agent, you give people their new home. You work in a very emotional field and it is precisely these emotions that are the basis for successful marketing.

Happy faces of satisfied customers in combination with fantastic looking real estate is the secret recipe for many interactions on the social media channels. As a real estate agent, you should take high-quality photos that advertise real estate in a visually appealing manner.

These pictures and videos can be published on a wide variety of channels, such as Facebook, Instagram, YouTube and Pinterest, to address your target group.

Not all brokers are the same

Often it is little things that make or break the decision to buy a specific property. The most important goals are always who is your target group to buy your property, how much you can get for it in the end and how much time did it take.

Pay attention to the professionalism of the real estate agent.

The more expensive the property, the smaller the potential group of buyers. Knowing the right agent that has already some established connections to possible buyers is a great opportunity that shouldn’t be missed.

Sometimes it is the search for the needle in the well-known haystack. If you want to tackle this adventure without a specialist, then you only have the property portals. You may be lucky, but the professional search for the right buyer is often much more difficult.

House
Real Estate,

6 Steps to Take Before Putting Your House on the Market

If you are looking to sell your house, you can easily list it via any property websites, banks, or real estate agents.

However, you may also want to do your research about the procedure, requirement, and items to look out for first so that you will be getting the right value for your property.

Keep in mind that people buy houses for various reasons, including a primary residence, as a building investment property, or as a vacation home.

Below, we will suggest some steps that you can take before you list your house for sale.

Declutter Your Home

First impressions matter for house listings. When you have visitors come by to view the house in person, you will want them to see a clean home that will impress them.

Give your house a deep cleaning session or consider hiring a deep cleaning professional to help you out.

You will want to clean the toilets, wipe down the walls, countertops, and other hard-to-reach surfaces, clean the rugs, and more. Basically, do a complete spring-cleaning.

Organize your belongings to make your property appeal to prospects. Do not leave your clothes and dirty dishes lying around the house.

Get a Property Appraisal

Property appraisals will help you to understand the real value of your house. Rather than putting a rough figure on the market so that you can sell your house fast, why not get a property appraisal done so that you will not be underpricing or overpricing your property?

These appraisals are easy to get too, so you will not have to worry about getting one. You can ask about their property appraisal services and schedule a convenient date to get the task done.

Real estate agents also are more familiar with the listing prices for houses in your area so that you will be getting the right figures.

Find a Listing Agent

If you have done your property appraisal, this step should not be too difficult for you. You might be able to get the appraisal and the listing agent all in the same agency.

However, you may also want to check your listing agent’s credentials and specialties, such as their connection to your neighbourhood, their social media expertise, and more.

Regardless of which agency you decide to go with, your selected listing agent or any other person in charge should be able to walk you through their plans on how they are going to sell your home.

You should ask questions and understand the process as the homeowner too.

Fix & Repair

Leaky taps, busted pipes, and cracks in the ceiling does not do much to increase your prospects’ confidence in your property.

Have your handyman contacts ready and take note of anything you need to repair. You may not notice all defects concurrently, but you can fix any you find as you go.

When you keep your maintenance up to date, you will not be giving off the impression that your house is poorly maintained.

This would increase the buyers’ confidence that they are purchasing a home for fair value, so this step is highly recommended.

Touch-up Walls & Floors

Consider repainting your walls and polishing your floor. A fresh coat of paint gives a new lease of life to any house. And doing so could make your decade-old house look brand new.

Sand and repolish wood flooring to make them look brand new. If you have carpeted flooring, then you can also vacuum and clean it.

You may want to hire a professional carpet cleaner for this task and get the job done well. You can also take this opportunity to hire someone to clean your roof tiles too if you have the budget to do so.

Hire a Professional Photographer

Let us start by saying that the photos you took with a 2MP camera phone from the 2010s will not make a good impression.

Now that you have deep cleaned, decluttered, and repaired anything that needed it, upload high-quality images of your house.

Hire a professional photographer to get beautiful, eye-catching photos for your property listing. Some realtors would also have their in-house photography services to inquire about that from the agency you chose.

These photographers should already have plenty of experience taking photos for house listings, so they know the best angles, the lighting required, and how to touch-up your photos to make them look better for your listing.

Home Appraised
Buy & Sell,

7 Reasons Why You Should Get Your Home Appraised

When you plan to buy or sell a home, it is a good idea to have it appraised first. A professional real estate appraiser can assess the home and determine its certified appraisal value.

They consider several factors to determine the appraisal value, such as public property appraisal records and the home’s current condition.

This third-party appraiser does not work for any local city or county government agencies, so their appraisal is not an official market assessed value.

Instead, it is a more specific value that considers the current market trends, comparable sales, and other factors that a local public appraiser fails to check.

It costs money to hire a home appraiser regardless of whether the home sells or not. Sometimes the buyer and seller split the appraisal service costs, while other times, it is the buyer or seller that pays for it entirely.

It depends on which party has more to gain from the appraisal. Make sure you hire a licensed appraiser who is authorized to provide appraisal values in your location.

Many professional real estate agencies, such as Arnold Property, can perform an appraisal for you too.

Below are seven reasons why you should get your home appraised.

1) Get Approval of a Mortgage Loan

Mortgage lenders want to know the home appraisal value before they issue a mortgage loan to a borrower.

The home is the collateral of the loan in case the borrower defaults on it. The lender wants to make sure the home appraisal value is not lower than the mortgage amount.

Many lenders will deny your mortgage loan application unless you show them a certified appraisal report of the home.

So, if you are a buyer who desperately wants to purchase a particular home, you should invest in a home appraisal service to get that report.

If the home appraisal value is higher or equal to the sales price, then your loan application will likely get approved.

2) Get a Better Deal as a Buyer

Homebuyers do not want to get ripped off. A home might look beautiful on the surface, but it could need dozens of repairs to its electrical wiring, plumbing, flooring, and appliances.

You will not know it without the help of an appraiser. A home appraiser considers the estimated costs of the repairs needed, which ends up lowering the final appraisal value.

That way, the buyer will not overspend on a home that is a fixer-upper in disguise.

3) Get a Better Deal as a Seller

If you are a home seller, you will want to sell your home for the highest price possible. But you cannot rely on the assessed public value because it will not consider all the improvements and

upgrades you have made to the home.

Their assessments are done from the outside only. On the other hand, a third-party

appraiser does a thorough inspection of the inside and outside to determine its real value.

All the repairs and renovations made to the home will get factored into the final appraisal value. As a result, you could end up with a higher appraisal value than what is listed in the public records.

Then you can ask for a higher sales price when you list your home on the market.

4) Refinance Your Home

If you have made on-time mortgage payments for a couple of years, you could be eligible to refinance your mortgage for a lower interest rate.

But before your refinancing application gets approved, the lender will want to see an updated appraisal report.

You will not need to pay for a comprehensive appraisal. A straightforward “drive-by appraisal” is

all that is required for a refinancing application to get approved. It costs less and can get done quickly.

5) Get a Business Loan

Are you starting a small business and plan to apply for a business loan? If so, the lender will want to see your home’s value because it will be used as collateral for the loan.

An appraisal report will give them this information. You will get approved for a business loan if your home’s appraisal value is higher than the loan amount or at least equal to it.

6) Find Good Investments

Real estate investors frequently hire appraisers to help them find valuable investment properties.

Since investors might not be familiar with market locations, they depend on appraisers to give them the actual value of individual homes of interest.

Use an appraiser to help you find a good investment opportunity in your desired location.

7) Getting a Divorce

Are you getting divorced? Divorce usually results in the marital assets getting split between the husband and wife.

Before a house gets split, its appraisal value must be given to the court. The judge will use the appraisal value to determine how much money each spouse receives from the home’s sale.