“Fake news” has become one of the trendiest terms of the decade—even when it comes to real estate. Homeowners are often bombarded with selling advice that promises to get their home sold quickly and for top dollar…but more often than not, these “tips” are nothing more than misleading—and can throw you off-track.
As we end the year, we want to set the record straight. Here’s our list of the top four home selling myths, debunked.
Myth #1: It’s Just like Reality TV
If HGTV is your guilty pleasure, you’ve probably watched hundreds of buyers and sellers navigate the real estate process on camera. Although the shows do get some things right, they’re often scripted and don’t provide an accurate idea of what it takes to sell your property.
One of the biggest misconceptions created by these programs is the length of the selling process. Don’t fall for the TV magic—it actually takes a lot more than a showing and a phone call to close a deal. In reality, homes can sit on the market for 60 to 100 days or more, and the closing process might last for up to 45 days. Instead of expecting instant gratification, it’s best to talk with your agent to create a realistic timeline before listing. Continue reading →
Your personal home-buying schedule doesn’t have to correspond with the real estate market! In fact, buying during the “off season” can yield tremendous advantages.
The “off season” differs depending on your specific location, but always refers to the period of time during a calendar year when both inventory and competition are low. Usually, this corresponds with the weather conditions in a particular area.
If you’re going to buy a home, you may just want to begin looking for your dream home during this period of market inactivity. Here’s why:
There’s Less Competition
During the off season there are typically far fewer active buyers looking for homes, as most buyers prefer to look for homes when the weather is great or their kids are out on summer vacation. If you’re searching during the off season, you won’t feel as much pressure from other buyers looking at the same homes as you.
This gives you plenty of time to tour homes, think about them, and come to a decision about whether or not you want to put an offer down.
Imagine, after weeks of searching, that you’ve finally found your dream home. It’s in the perfect location with the right features and exactly the amount of space you need. But after requesting more information, your agent informs you that there are already several offers made on the house. How do you stand out in a busy market and snag your dream home?
When buyers are looking to make a lasting impression on sellers, they often opt to submit a letter to the seller. In fact, a recent study found that buyers who submitted letters were 9% more likely to have their offer accepted.
A Buyer’s Letter can work both with you and against you, so it’s important to understand what they are and when you should use one. Continue reading →
Picture this: you’ve finally found the home of your dreams. It’s got all the features you’ve been searching for, and it’s in the perfect neighborhood. There can’t possibly be anything wrong with it…right?
Though technically optional, a home inspection is highly recommended by most realtors, as it can save you thousands of dollars—or even prevent you from making a costly mistake all together. Here are some reasons why you need a home inspection before you move in—even if you don’t see anything wrong on the surface.
You Could Avoid Expensive Repairs
This is probably the biggest advantage of a home inspection. Certain problems can cost thousands to fix and may not be immediately visible. Wondering what kind of issues a home inspector can find and how much they’ll cost? Here are some of the biggest issues uncovered during home inspections (and typical costs to fix): Continue reading →
So, you bought a house. First of all, congratulations! The search is over, no more weekends filled with open houses and showings, and you can finally breathe a sigh of relief. Phew.
But your work isn’t quite done yet. Once you buy a house, there are a few things that need to happen before and after move-in day. Check out our list of to-dos, and get prepared for what comes after closing—trust us, your future self will thank you.
Do a Deep Clean
When you first buy your home, there won’t be any heavy dressers blocking off corners, couches and beds to clean under, or stacks of boxes covered in cobwebs in the attic. Your house will never be this empty again—well, until you sell it, that is—so take advantage of the wide-open space.
Whether you want to hire professional cleaners or DIY, you should pour some serious TLC into your new house. Dust, vacuum, mop, scrub, polish—look up a few cleaning checklists for inspiration—and put in some elbow grease. Continue reading →
A new home is a big financial investment. Not only will you likely be pouring a lot of your savings into the purchase, but you’ll also be choosing a place to call home for years to come. The last thing you want is to spend all of that time and money only to discover a costly maintenance or structural issue.
Even though you’ll get a professional inspection done, there are certain red flags that you should specifically be looking out for during the first walkthrough. By recognizing these problem areas right away, you can put emphasis on them during the inspection. Save yourself time, money, and stress, and know these major home-buying warning signs.
It’s not like you can pull the house up from the ground and get a closer look at the foundation, so how do you tell if there are any issues? A few surefire signs of a faulty foundation include sloping floors, swinging and sticking doors, visible cracks above window frames, and cabinets separating from the walls. Continue reading →
Stephen grew up in the Ann Arbor Area, attending Burns Park, Lincoln, St. Francis, and Greenhills schools. He graduated from Eastern Michigan University in 2005 with a BA in Journalism, and went on to pursue careers in hospitality, writing, and sales. New to real estate, Stephen is excited to work with the skilled and experienced team at the Bouma Group. He brings a keen eye for detail, passion for customer service, and commitment to excellence in helping clients find the home of their dreams. In addition to working hard, Stephen enjoys the great outdoors, biking, swimming, cooking, reading, music, art, and travel.
Martin Bouma and The Bouma Group have been servicing the real estate needs of Washtenaw County for more than 32 years and bring a unique, personal touch to each transaction. Thorough market knowledge, exceptional follow-through, and cutting edge marketing are the hallmarks of the Bouma Group’s continued success and have consistently made them the #1 real estate team in Ann Arbor. To find out more about home and condo buying opportunities in Washtenaw County, contact The Bouma Group at 734-761-3060 or visit their website at www.bouma.com
When it comes to buying a home, there are more things to consider than you may realize. After all, it’s a lot more complicated than walking into the grocery store to buy a gallon of milk!
Buying a home is one of the biggest purchases the average person makes. As such, you can expect there to be a lot of preparation, negotiation, and paperwork involved. In addition to obtaining a mortgage and signing the paperwork, there are a number of other tasks that need to be completed before you can open the doors to your new home.
Here’s a quick crash course in Home Buying 101: what service providers you need to hire while purchasing your new home.
Ideally, you should start talking to lenders before you even begin looking for homes—and get pre-qualified for a mortgage as soon as possible.
Pre-qualification involves reviewing all of your finances, including income, expenses, and savings, with a lender.
Then, the lender will do some math and let you know exactly how much the bank is willing to loan you.
If you’re actively looking for a new home to buy, it may be tempting to try and do it yourself, without a Realtor. After all, the agent isn’t really working for you, right?
There is a common misconception that real estate agents are only working for sellers, but that couldn’t be further from the truth!
When you’re buying a home, a real estate agent can help you make the right financial decision while maintaining your sanity.
Real estate agents live and breathe real estate, so they know how to navigate the market unlike anyone else.
The Right Buyer’s Agent Will Make All the Difference
An experienced Buyer’s Agent will keep you on top of the market, show you hard-to-find homes for sale, negotiate your buying terms, handle the bulk of your paperwork, and more. And it won’t cost you a penny!
Ever wonder why some homes sell for millions of dollars? As different as each listing might be, many share a number of common features that are known to bolster home values.
If you’re on the hunt for your dream home, some of these features could be yours! Don’t worry about breaking the bank; prioritizing your wants and needs can help you determine which of these luxury features will fit your lifestyle and your budget.
Here are 5 features of multimillion-dollar homes you can get at affordable price tags.
Who needs a neighborhood pool when you could have your own?
Imagine spending those warm summer days cooling off by your own private pool.
It’s not uncommon to see multimillion-dollar homes outfitted with gorgeous entertaining spaces, all centered around a luxurious in-ground pool—but many homes in lower price ranges also feature great backyard pool areas, too. Continue reading →
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