Archive for Home Buyer
How To Do Home Inspections?
Posted by: | CommentsIt is a rare thing to happen for a home to be bought without any home inspection followed through first. Even if the seller is advertising their home “as is” this doesn’t mean that you can not get it inspected. If it is a house that the bank owns then a home inspection is very important. This is because they do not give any disclosures, nor do they know of any problems these will be needed to be discovered entirely on your own.
People by the handfuls are out there that do advertise themselves as home inspectors. You probably will not get the best direction from your agent. Agents are scared that you may find a problem that will turn you away from the deal if you have a good inspector. Times are tough but an agent should be loyal to their customers.
If you have an inspector that is just going to give you a visual inspection, this is not good, you could do this on you own; looks like there was a water leak there. Good inspections should include a turn on of all appliances to check for temperature, check of the furnace and the air cooling system, a water heater check for pressure, all outside lighting needs to be checked, all lights and fixtures need to be turned on, check all plumbing and also check for water damage, check foundations for any cracks, get up on the roof, go through the attic, and check the garage along with all storage spaces. This is just the beginning of a good inspection. When the home inspection is done you will get a report of everywhere and everything that has been followed through with, and from that you should be able to make a well informed decision.
For an agent getting a bad call would be a dark part of their day, for them to avoid this they should advise all buyers first to be sure that the homes are inspected before the buyer buys.
When you inspect a home, always be diligent in doing so. You must always remember that you will be living there, thus the home inspection is a big help for you and your family.
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Pricing Your Home Correctly
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If you are contemplating selling your San Fernando Valley real estate, you should speak with a San Fernando Valley Realtor about pricing the home right, as well as other marketing strategies. The biggest mistake any seller can make is pricing their home too high in today’s real estate market.
Sherman Oaks, Encino, Van Nuys and North Hollywood sellers are competing with other comparable properties in their neighborhoods, as well as short pay, foreclosure and bank owned REO properties. Savvy buyers are looking for well priced homes. Only smart and motivated San Fernando Valley sellers are able to compete in this marketplace by pricing their homes at or slightly below market.
Factors to Consider When Determining the Right Listing Price
Here are some factors to take into consideration to help you price your San Fernando Valley real estate:
1. Recent comparable sales in the area.
2. Special features and amenities of your home.
3. Your motivation for selling.
4. Market conditions. Buyer’s market or seller’s market?
Your San Fernando Valley Realtor will prepare a comparative market analysis for you which contains information about the active listings, pending sales and closed sales in your neighborhood. She or he will recommend a suggested list and sales price that you can expect to get for your home and also recommendations on how to make your home more attractive to a large pool of buyers.
Only Motivated Sellers are Selling Their Homes
If you are not motivated to sell your home, this is not the right market to test the waters. For those sellers that are realistic and have a true need to sell, if you price your home at fair market price and are willing to offer concessions and other incentives to buyers such as seller financing, paying homeowners dues, or contributing to the buyer’s closing costs.
Marketing the Home
While price is important in selling your home, you also need a good marketing campaign to expose your home to qualified buyers. It is recommended that you list your property with an experienced Sam Fernando Valley Realtor who will place the listing in the MLS, and advertise it in several different Internet websites to reach a large pool of buyers both locally, nationally and internationally. Trying to sell your home on your own is difficult today because there is a large inventory of homes on the market in the San Fernando Valley, and you are competing with distressed properties, bank owned and REO properties.
The right price, a good marketing campaign and an experienced San Fernando Valley Realtor will enable you to get top dollar for your Sherman Oaks, Encino, Van Nuys or North Hollywood home, and help you sell your home quicker.
David Hitt – San Fernando Valley Realtor and Training Director – has been serving buyers and sellers in the San Fernando Valley areas for over 13 years. His knowledge of the real estate market in Encino, Sherman Oaks, Lake Balboa, Studio City, Van Nuys and North Hollywood have helped him achieve an excellent reputation throughout the Coldwell Banker network (818)422-1702 or (866)981-3438 http:///www.san-fernando-valley-ca-real-estate.com/thevalleyblog http://www.san-fernando-valley-ca-real-estate.com/north-hollywood http://www.san-fernando-valley-ca-real-estate.com/van-nuys
Home Invasion 8/12/2007 First Turn FUN
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First turn footage at the last SFVISBF race “Home Invasion” on 8/12/2007. Obviously not as exciting as turn two, eh boys?
Real Estate TV for the San Fernando Valley
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Title: Real Estate In Review Where: Time Warner Cable TV West Valley When: Sunday Time: 7:00PM Channel: 34 Join us each week as we introduce to you to interesting guests discussing timely and important topics about San Fernando Valley Real Estate. Or, catch all the episodes right on our realestateinreview channel. Click on the Subscribe button now! Do you have an interesting topic? Find out more on how you can appear on the show by emailing Steven at realestateinreview@gmail.com
