What you Need To Know About Selling Your Home

When you decide to sell your home, there’s a long list of things that you’ll need to do from finding a real estate agent to making repairs around the home. It’s nice to have a to-do list handy to help you figure out what you need to do and when throughout the course of the sale of your home. 

Find Out The Estimated Value Of Your Home

You should do a quick search online to see what your property is valued at. Some websites even have the number of views that your property has gotten over its lifetime on the site. This will give you an idea of how much you might get for the sale of your home as well as how much interest there may be in buying the home to begin with. If you see what your, home has listed in a basic online search, you’ll be able to tell what needs to be updated when the home is actually listed by your realtor.   

Get Things Fixed

If there have been issues in the home, you should work on getting them fixed. You’ll also need to know what has happened in the home over the years in order to put together a proper disclosure. Has the basement flooded? Did you face an electrical fire?  All of these problems need to be listed. You can also disclose what you did to remedy the issues. The buyer has a right to know and understand that they are moving in under good conditions. 

Learn About Potential Real Estate Agents

It’s so important to hire the right agent when you’re selling your home. You are getting a return on your initial investment, so you want it to be a good one! You’ll also want to know that you have someone who will be there to do home showings, process paperwork, and be your advocate throughout the process. You can contact various references that real estate agents provide and ask how they felt about the agent’s work. 

Find Out How Your Home Will Be Marketed

In Today’s technology-based world, there are so many ways that a home can be marketed. This includes the use of websites, social media, open houses, video tours, and photos. Your agent should be well-versed in all of these areas, or be able to hire people who do know how to best use these areas of marketing. Every avenue that is used to get buyers for your home is beneficial to you as a seller.

Understanding the process of how a home is sold can help you to be prepared when you’re ready to sell.

Items to Sell Before You List Your Home

After you decide to sell your home, it may be only a few weeks before you need to pack up your belongings and relocate to a new address. Thus, it may be beneficial to start planning ahead for moving day. By doing so, you can sell any items you have no plans to bring to your new address before moving day arrives.

Ultimately, there are many items that you may want to sell prior to listing your residence. These items include:

1. Appliances

An outdated refrigerator, washer or dryer is unlikely to do you any favors when you show your home to potential buyers. At the same time, you may be unlikely to bring these appliances to a new home in the foreseeable future.

If your current appliances no longer serve your needs, you may want to sell your appliances and pick up new ones. New appliances may help make your home more attractive than ever before to potential buyers. Plus, you can account for the price of any new appliances when you set your home’s initial asking price.

Meanwhile, you should have no trouble selling appliances online or at a yard sale. You also can donate appliances to a local charity or give them to family members, friends or others.

2. Furniture

Your couch, work desk or other furniture have been staples in your residence for many years. Yet these items may take up lots of space. And in some instances, your furniture may make it tough for you to show off the true size and beauty of your house.

When it comes to selling your current furniture, there may be no reason to wait. If you sell your current furniture today, you can earn extra cash that you can always use to buy new furniture for your new house. Furthermore, you can avoid the challenges commonly associated with moving big, bulky furniture from your current address to a new residence.

3. Decorations

As a home seller, it is important to make it simple for prospective buyers to fall in love with your residence. And if you have decorations set up around your home, it may be difficult for a buyer to envision what life may be like if he or she purchases your house. As such, if you have lawn decorations, paintings or other decorations outside and inside your home, you may want to sell these items sooner rather than later.

Selling decorations online or at a yard sale is an effective option for those who want to get rid of various decorations. On the other hand, if you need to get rid of decorations immediately, you can give your current decorations away for free.

Lastly, as you get ready to sell your home, you may want to hire a real estate agent too. With a real estate agent at your side, you can receive expert recommendations as you navigate each stage of the property selling journey. As a result, you can receive comprehensive home selling support and boost the likelihood of a fast, profitable property selling experience.

Why You Might Not Be Ready To Buy A Home

Buying a home may seem like a smart financial move. However, it may not always be the right time or the right move for you. While buying a home is a great investment, you may not be ready to buy a home of your own. The following questions should help you to determine whether or not you are fully ready to buy a house in the near future.

How Much Money Do You Make? How Much Have You Saved?

buying a home is a significant expense. First, you’ll need quite a large sum of money for a downpayment and closing costs on the home. Second, to get approved for a mortgage, the lender will look at every part of your finances from your income to your assets. Once the home is purchased, you’ll also need quite a bit of capital for expenses including insurance, taxes, HOA fees, emergency funds, utilities, and furniture. You don’t want to buy a home only to be overwhelmed with costs. You want enough of a financial cushion to enable you to furnish your home, decorate your home, and not have a completely empty bank account. That’s why you should make sure that you do make enough money to buy a home.

How Much Debt Do You Have?

If you have established that your income is enough to buy a home, the next thing that you need to establish is that your debt isn’t too high. Before you enter into the adventure of homeownership, you’ll need to make sure that your bills are under control. These expenses include things like car loans, student loans, and credit card bills. Your lender will put your debt into consideration as a part of your entire financial picture. Your debt (including your proposed mortgage payment) should be less than around 36% of your gross income. Before you take the leap into buying a home, you’ll need to make sure that your debt is under control. If you need to take a step back and pay your bills down before you start house hunting, you should as it will make buying a home easier for you.

Are You Seasoned At Your Job?

In order to secure a mortgage for a home, you’ll need to show that you have been at the same job for a certain period of time. Your average income will probably be calculated based on how long you have been at the company and your job history. You should be able to explain any income gaps, changes in positions or companies. Otherwise, you’ll appear to be an unstable person to lend to. Lenders want to know that you’ll have a steady, stable income.

How Is Your Credit?

In order to secure a mortgage, you’ll need to have a good credit score. Check on your credit report when you begin thinking about buying a home. If your credit is on the low side, you’ll want to work on bringing that score up. 

     

Automate Your Home Expenses and Never Worry About Missing a Payment Again

In this day and age, there’s no reason to have to worry about forgetting to pay your bills on time. There’s also no reason to have to write a check or even log into a website each month to pay your bills.

Using a combination of digital tools, it’s possible to fully automate your bill-paying process so that you can spend less of your free time trying to remember your passwords and entering debit card numbers and more time doing the things that make you happy.

Benefits of auto-pay

There are plenty of reasons to automate your household bills. More free time and less time stressing about money are two of them. But, did you know that automation can also be a great way to help you boost your credit score?

Late payments on mortgages, student loans, utilities, internet, and cable bills can all negatively affect your credit score. By setting up auto-pay, you can make sure you make your payments on-time, helping to build your credit.

Another huge benefit of bill automation is that you can actually earn money and other rewards by making on-time payments.

For example, setting up your bills and utilities to charge to a credit card with cash back rewards can help you earn money by paying your bills. The one caveat is that you need to make sure you pay off your credit card balance in full each month. How do you do that? With auto-pay!

Where to automate

As I mentioned before, many monthly bills can be charged to a credit card which you can use to earn rewards. However, you won’t be able to use a credit card for all of your bills. Mortgage payments, student loans, auto loans, and oftentimes utility companies will require a checking or savings account with a routing number.

In these cases, it’s still possible to set up auto-pay through either the company’s website, or through your bank’s bill-pay feature.

Need help with a list of things you could be automating? Consider setting up auto-pay or bill-pay for these services:

  • Cable

  • Internet

  • Cell phone

  • Electricity

  • Entertainment (Netflix, Amazon Prime, Hulu, Spotify, etc.)

  • Rent

  • Mortgage

  • Student Loans

  • Insurance

Automation of the future

So, we’ve covered some of the most common ways to automate your home expenses. However, recent technologies are making it even easier to run your home and keep up with the bills.

One new innovation is Amazon’s Dash button. This service enables you to just tap a button on your smartphone or tablet whenever you need to order new pantry items for the home. Alternatively, you can subscribe for common household goods like cleaning productions, paper towels, and dish soap so that you never run out. And, with Amazon Prime, you don’t have to worry about shipping costs.

Between home automation and auto-pay, you should be able to make your home significantly easier to manage and reduce the amount of stress related to paying the bills.