Buying

What should I do to prepare my home for showings?

Answer: Preparing a home for showings is an extremely important task as a home that is well prepared for home showings will likely sell faster than the competition.  Make sure your home is cleaned, de-cluttered, bright and that no foul odors are present. Additionally, have your windows cleaned, and make sure all the lamps are working! Also, de-personalize your home so potential buyers can more easily envision themselves living there. And arrange your furniture so each room has a distinct purpose. These are just a few tricks to prepping your home for a quick sale.

Why is the assessed value different than what my realtor says my home is worth?

Assessed value and market value are not the same and it is not uncommon for homes to sell at prices significantly below or above assessed value.  The assessed value of a home is used for the purpose of taxes and has little to no impact on how much your home is worth to a potential buyer in the open market. The true market value for your home takes into account many factors outside the purview of a home assessment – including recent market activity and local competitive inventory.

How many homes should I see before making an offer?

The short answer is, see as many homes as it takes to get you comfortable making the offer on the home you want!

Q: How do I know if the property is a good deal?

While there is no science to determining whether a certain home is a bargain and will appreciate, with research you can keep surprises to a minimum. Start with comparable properties in the area and investigate whether prices are trending up or down in that particular set. Also, consider the neighborhood; is it up and coming with new coffee shops, grocery stores, etc? Often, buying a fixer upper in a great area leaves more room for appreciation than buying the best house in less desirable location.

Q: Should I get a home inspection?

Yes. It is better to be safe than sorry. For buyers, a home is among the largest transactions of their lives and a home inspection prior to making an offer can alleviate any nagging concerns by looking into important aspects of the home such as the roof, heating, electricity and plumbing. For sellers, completing an inspection prior to listing your home is often recommended as you wouldn’t want an issue to appear down the road and potentially sidetrack a pending sale.

Why are refinancing rates higher than mortgage rates?

Great question. Ace Watansuparp, Executive Vice President at Citizens Bank, has your answer.  All things equal, refinance and purchase have the same rates. But in a refinance boom with interest rates at an all time low, as we have now, two things tend to happen: 1) Refinance volume dramatically increases. Because purchase transactions have hard deadlines - closing dates, etc. - many times refinances can affect the banks ability to deliver the loans to meet those hard deadlines. Interest rates on a refinance slightly increase to dictate the amount of volume coming in relative to the banks capacity in order to maintain a high level of service on the purchase transactions. 2) We see lock-jumpers. When a client applies for a refinance it is not always guaranteed that the loan closes: – there could be appraisal issues where the value does not come in at the target value. – if rates … Read More.

Why do condos sell for more than co-ops?

Q:  Why do condos sell for more than co-ops? Read More.

How difficult will it be for me to find an apartment if I declare bankruptcy?

Question: How difficult will it be for me to find an apartment if I had to declare bankruptcy last year? Answer: The process can potentially be problematic for a renter who has filed a bankruptcy petition;  however one of our experienced agents may be able to show properties where the landlord will be understanding. In this connection, the potential renter needs to be prepared with a few items: 1. A reference letter from their current landlord representing they are good tenants; 2. A creditworthy guarantor to co-sign in the event they default with their rent payments; and 3. Additional security or pre-paid rent. De som skulle vara sublim bör ta en titt på balklänningar sålda Vi erbjuder ett brett utbud av balklänningar. Du kan välja färg, längd, stil, halsen, silhuett, etc. Känn dig fri att berätta din storlek och beställa en … Read More.

In which domestic markets does Douglas Elliman do business?

Q: In which domestic markets does Douglas Elliman do business?   Read More.

What does Douglas Elliman’s relationship with Zillow mean to the homeowner?

Q: What does Douglas Elliman’s relationship with Zillow mean to the homeowner? Read More.