Is the Price Right?

2023-07-25T01:19:28-05:00

Whether you’re selling your home or making an offer to buy one, setting a price is an important decision. How do you choose a number to attract the highest offers or get your offer accepted without overpaying? Consider the following: Where Is It? You know location matters, but keep in mind that even small differences can increase or decrease the desirability and price of a home. One side of a street may have a better view, the next block over can be zoned for a different school district, or a tranquil setting can be only a short distance away from noise and traffic. Be Careful With Comparisons Just because two homes are similar in size doesn’t mean their prices will be similar, too. Variations in age, quality of materials, condition, features, layout, lot size, and other factors can have a significant effect on what a home is worth. The Market Can Change Quickly The market may shift as the number of people selling and buying homes changes. Mortgage rates and local economic conditions also affect home prices. Just because a home sold for a certain amount a little while ago doesn’t mean that home is worth the same today. Motivation Might Matter If you need to move quickly, you may want to factor that into your pricing decision. It’s possible that being more flexible on your price can save you the costs and hassles that come with moving twice or paying two mortgages at once. Your REALTOR® can discuss current market data and your real estate goals to help you come up with a winning pricing strategy.

Is the Price Right?2023-07-25T01:19:28-05:00

What Property Owners Can Do To Detect Fraud

2023-07-11T01:16:41-05:00

Real estate scams are on the rise. One con to be aware of is seller impersonation fraud, in which criminals sell owners’ property without their knowledge. Here are a few things you can do to find out if you’ve become a victim of fraud: Confirm Forwarding Address Many scammers target unoccupied properties such as vacant lots, second homes, or short-term rental properties. If you do not live at the property, double-check that the appraisal district has the correct forwarding address. Set Up Google Alerts To create an alert for your property, sign into your Google account, go to google.com/alerts, and add your name and address. You’ll get an email when there is a matching search result. Check For Activity Make a habit of searching for your property on the market. Some appraisal districts and third-party sites, such as Zillow, Trulia, and realtor.com, offer automatic alerts or email notifications for property activity. If you suspect you are a victim, reach out to the title company and the brokerage “selling” the property, and contact the police.

What Property Owners Can Do To Detect Fraud2023-07-11T01:16:41-05:00

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