 |
Further
Reading ...
|
|
Systems - Marketing Your Business Successfully - Michael A Fowler M B A
Business Systems that work for anyone, are a fundamental necessity for any networking venture. While most people rely upon their own company business system or plan for success, there is always a different option. The three fundamental elements...
How To Start A Home Based Business - Stephen Warren
Knowing how to start a home based business is the first step to actually creating your own home based business. Do you know how to start a home based business? No? Then read on to learn more. Starting a home based business can be as simple...
Stop Debt Collectors Cold and get Back on Your Financial Feet - John Ventura Gerri Detweiler
As a consumer law attorney who counsels people with debt problems, I’ve heard my share of horror stories about debt collectors. For example, a college student client was threatened that she’d be arrested if she did not pay a credit card debt, and...
The Newest Case for Human Capital - Eileen McDargh CSP CPAE
The United Kingdom-based Institute of Personnel and Development recently released a study showing that investing in people rather than technology makes a far greater contribution to an organization’s bottom line. The seven-year study of more than...
|
|
|
6 MISTAKES TO AVOID WHEN TRADING UP TO A LARGER ANN ARBOR AREA HOME
|
 |
Written By:
Tony Dulgeroff
|
|
|
6 MISTAKES TO AVOID WHEN TRADING UP TO A LARGER ANN ARBOR AREA HOME
Unlike the experience of buying a first home, when you’re looking
to move up, and already own a home, there are many factors
that can complicate your situation.
It’s very important for you to
consider these issues before you list your Ann Arbor area home for sale.
Not only is there the issue of financing to consider, but you
also have to sell your present home at the right time in
order to avoid either the financial burden of owning two homes
or, just as bad, the dilemma of having no place to live during
the gap between closings.
In this article, I outline the six most common mistakes other Ann Arbor area
homeowners have made when moving to a larger home. Knowledge of these
six mistakes, and the strategies to overcome them, will help you
make informed choices before you put your existing home on the
market.
Keep these six points in mind. The Ann Arbor area has a very active home buying market. Ann Arbor area home sellers are getting acceptable offers every day, during any part of the year. Proper pricing is always the key to selling any home.
Help-U-Sell Spectrum Realty in Saline Michigan offers a wonderful menu of services to their clients.
Since Help-U-Sell charges thousands less than the traditional 6-7% that most of the other Ann Arbor area real estate agents are charging, you'll have more pricing flexibility and greater negotiating power.
Avoid these common mistakes-
1. Looking though rose-colored glasses.
Most of us dream of improving our lifestyle and moving to a
larger home. The problem is that there's sometimes a discrepancy
between our hearts and our wallets. You drive by a home
that you fall in love with only to find that it's already sold or
that it’s more than what you are willing to pay. Most homeowners
get caught in this hit or miss strategy of home searching when
there's a much easier way of going about it. For
example, all Help-U-Sell full service, full time Realtors offer a Home Buyer System that will put you in the home that fits your needs and wants. This program cross-matches your criteria with ALL available homes that are on the market. A program like this helps homeowners take off their rose-colored glasses and, affordably, move into the perfect home.
2. Failing to make necessary repairs and improvements.
If you want to get the best price for the Ann Arbor area home you're selling,
there will certainly be things you can do to enhance it and make it more desirable. These repairs and improvements do not necessarily have to be expensive. But even if you do have to make a minor investment, it will often come back to you ten-fold in the price
you are able to get when you sell. It's very important that these
improvements be made before you put your home on the market. If
cash is tight, investigate an equity loan that you can repay on
closing.
3. Not selling your existing home first.
I always recommend selling before you buy your next home. This way you will not
find yourself at a disadvantage - continued below ...
|
|
|
continued ...
at the negotiating table, feeling
pressured to accept an offer that is below-market value because
you have to meet a purchase deadline. If you've already sold
your home, you can buy your next one with no strings attached.
If you do get a tempting offer on your home but haven't made
significant headway on finding your next home, you might want to
put in a contingency clause in the sale contract which gives you
a reasonable time to find a home to buy. If the market is slow
and you find your home is not selling as quickly as you
anticipated, another option could be renting your home and
putting it up on the market later - particularly if you are
selling a smaller, starter home. You'll have to investigate the
tax rules if you choose this latter option. But, if your Ann Arbor area home is priced right, you should have no problem selling it regardless of the level of market activity.
4. Failing to get a mortgage pre-approval.
Pre-approval is a very simple process that many homeowners fail to
do first. While it doesn't cost or obligate you to anything, pre-approval gives you a significant advantage when you put an offer on the home you want to purchase because you know
exactly how much house you can afford, and it’s saves time when you’re ready to make your move. With a pre-approved mortgage, your offer will be viewed far more favorably by a
seller - sometimes even if it's a little lower than another offer that's contingent on financing. Don't fail to take this important step. Help-U-Sell Spectrum in Saline has a great in house lender with guaranteed low rates. Call (734) 883-9597 for more details.
5. You already found your ideal home, what to do now?
.
Your biggest dilemma when buying and selling is deciding which to
do first. You don't want to end up with the terrible situation of
owning two houses, or worse, owning none! Point number 3 above
advises you to sell first, but what if you found the ideal home before your house has sold and you want to write an offer NOW? Simply, write the offer contingent upon the sale of your existing home. This is very common in an area like Ann Arbor.
6. Failing to coordinate closings.
With two major transactions to coordinate -- together with all
the people involved such as mortgage experts, appraisers,
lawyers, loan officers, title company representatives, home
inspectors or pest inspectors -- the chances of mix-ups and
miscommunication increase dramatically. To avoid a logistical
nightmare, ensure you work closely with your agent.
Keep these six points in mind when you start looking for a new
home. They'll make your life easier, and will save you a lot of money.
Tony Dulgeroff
Help-U-Sell
Saline, MI.
(734) 883-9597
http://www.WolverineRealEstate.com
About the Author
Tony Dulgeroff
Real Estate Professional
Help-U-Sell Spectrum Realty
Saline, MI 48176
(734) 883-9597
Homes@MgoBlue.com
http://www.WolverineRealEstate.com
Ann Arbor native, full time Realtor.
|
|
|
|
 |
|
|
| _Additional Resources ... |
|
Chandler Hill: Body Language Can Make or Break Interviews - Sarah Hightower
What you are saying in a job interview may not be coming out of your mouth. Experts agree that non-verbal elements such as appearance, posture and eye contact can account for 60 percent of what you're communicating in a job interview. "Confidence...
HOW TO DOUBLE YOUR DEBT COLLECTIONS - Jim Finucan
Believe it or not the success or failure of your attempt to collect a debt is usually decided right at the beginning of your phone call - with the very first thing you say after the other party says hello. Knowing exactly what you’re going to say,...
Screen Press Printing: Looking at the process - Marlon D Ludovice
Screen printing also called silk screen print also called serigraph was invented in the Far East around 2000 years ago. No supplemented data on when or where exactly it originates, but originally used to make the screen printer's screen. A paper...
|
|
|
|
|
|
|
|
|
|
