Thursday, May 18, 2023 / by Shane Kilby
Three things you should do to successfully sell a fixer-upper.
The selling process is already difficult enough, but when you add noticeable problems with the property into the equation, it can make the home sale even more complicated. Inventory is now increasing, and buyers have more options to choose from. Your home, which needs repairs, won’t likely be their first choice, and those who are interested in purchasing may make an offer that’s less than what you wanted to sell it for.
Selling a house with major issues takes a lot of work, and there’s never enough time to do it. The longer the home stays with you, the more expensive the costs of repairs and maintenance will be. If you don’t act soon, that property could end up becoming a liability. Fortunately, there are ways to reach the closing table and make a profit. To sell a fixer-upper, here are three things you should do:
1. Get a home inspection. You know the property is in bad shape, but you&r ...
Thursday, May 4, 2023 / by Shane Kilby
Two calculations to determine if a rental property is a good investment.
Have you ever thought about investing in a rental property? Real estate investments can be a great way to earn passive income, but you need to be careful. Not all rentals are the same, so you need to know how to identify which ones make sense financially. That can change based on various factors, but the main way to determine if an investment will be a good one is to run the numbers. Whether or not you like math, that step is crucial to finding an excellent real estate investment. However, this is challenging and daunting for many people, so I’m here to simplify it for you.
The first thing you should do is figure out how much your rental income, operating expenses, and mortgage payment would be. There are many calculators online that will help you take a mortgage price and turn that into what your monthly payment would be, and you can talk to a local lender for advice on that. Then you can ...
Monday, April 17, 2023 / by Shane Kilby
Three home upgrades that will fetch you a high return on your investment.
When preparing your house for sale, you may be led to believe that the more upgrades you make, the higher the price you can list for. However, not all home upgrades are created equal; some will have you pouring money down the drain, while others will get you immediate resale value. Understanding which projects to take on can help you make thousands of dollars more. So, what home improvements should you do if you want to get a fantastic return on your investment?
To answer this question, we have to take into consideration the changes that happened in the past few years. Our homes were recently put through a massive re-evaluation. In response to the pandemic, there are now certain features in a home that have become much more attractive to buyers. If you can include them in your upgrades, you can increase the value of your house and turn it into a coveted property in the market. In particular, there are ...
real estate, home selling
Friday, March 31, 2023 / by Shane Kilby
Three things to focus on when preparing your home for the market.
It is crucial to thoughtfully prepare your home before you put it up for sale. A home that is correctly staged and prepped will sell for thousands of dollars more. However, how do you know where to start? There are a lot of things you could prioritize, and you don’t want to put your time and money into the wrong things. That is why I have created a list of three things to focus on when preparing your home:
1. Do the three d’s. They are: declutter, depersonalize, and deep clean. These are the basics that shouldn’t be overlooked. Move as much of your stuff as you can into a storage locker or your friend’s garage temporarily to make your house look bigger. Take down your pictures and other personalized trinkets so potential buyers can picture their family in the home, not yours. Then make sure every surface is as clean as it can be, inside and out. Don’t forget about things like cei ...
Friday, March 17, 2023 / by Shane Kilby
These are the two main ways you can sell your home as fast as possible.
Do you need to sell your home ASAP? There are plenty of reasons why a homeowner might need to sell their home immediately, whether they changed jobs, need their equity, or just want to skip the hassle of a sale. Whatever your reason is, what can you do to spend as little time selling your house as possible?
Home sellers who need to move quickly have two main options: using an all-cash offer program or listing with an agent who knows how to sell fast.
All-cash offer programs have no strings attached; they’ll take your home off your hands before you can blink. You don’t have to worry about long waiting periods, inspections, showings, appraisals, or anything else that might gum up a sale. Around 87% of buyers finance their home purchases, and while there’s nothing wrong with that, it leaves a lot of room for things to go wrong. An all-cash offer lets you skip the hassle e ...
real estate, home selling