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One that is 10 % below offering. Think of this as the price you pay for selling a nice home that is perceived as "nothing extra special". That will of course increase to 20% if there is obvious updating that needs to be done. In the case of a 500K propoerty, we are talking about alot of money. HINT: its way cheaper to do the fix ups (renos as they're called nowadays) and stage it. Then you might just get some people starting at full price as the compete!
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Do first time homebuyers ever build their own home? I don't think I know of one that has, but there may be some one somewhere. Generally one does not visualize a person under the age of thirty buyng a lot, deciding on a floor plan, thinking about upgrades etc. But this certainly could happen. There is an apriori sense about everything even choice of residence. In other words you just might know enough about home ownership without ever having experienced it.
There probably are a few good real estate agents that are also good at staging. But there aren't many. Real estate agents sell houses; acrredited stagers get them ready for the sale. it takes alot of thought and preparation to get a house to a point where an agent can do an effective job of selling it. It also takes alot of sometinmes brutal honesty to point out what needs to be done so that it becomes open house perfect. Telling you that and then doing is therefore a job better left to a stager (even in the unlikely happenstance that your lister was once an interior designer).
Yes but it depends on the type of home that you are selling. If it is the type which would normally appeals to first time home buyers, it will be harder. The stated income income programs of the past are becoming more scarce and actual downpayments are becoming more universally necessary. But harder is not the same as impossible. People adapt and companies will continue to find ways around the problem.Some of these are alluded to in my mortgage section.
There is no such thing as a bad or a good time to buy. There is such a thing as a decison to make a life style change. This reflects a deep urge to express a more authentic self or a need to decrease current obligations so that more time is available for more important things. Those are 2 of the best reasons to buy, regardles of what everyone else is doing.
No. It generally says "What happened" meaning death or divorce. This suggests "bad karma" as they say nowadays. You don't want to send that message. It attracts lower offers after longer periods of time--sometimes very long. The national average is double the time that it takes to amrket a similar home in a comparable market.
I will not tell you that I am the only one that can get it for you. But it is harder to get than it has been for the last two years. It is better to tell you that it might make some sense to stay with mom and dad for a while before you start looking. That's because even 5% can be alot of money nowadays, 10K on a 200K house. Nevertheless those with excellent credit can still qualify for 100% financing. Those with scores under 620 probably not, especially if your income is not W-2.
