Although you’ve enjoyed your residence for many years, all good things must come to an end. Now, as you get ready to embark on the next stage of your life, you’ve decided to leave your neighbors behind and sell your house.

Ultimately, there are many reasons why you should include your neighbors in the home selling process, including:

1. Your neighbors can help you promote your residence.

It may be tough to tell your neighbors that you plan to relocate in the foreseeable future. However, doing so may help you stir up interest from many potential property buyers.

For example, a neighbor may know a family member or friend who is interested in moving into the neighborhood. And if you give this neighbor a heads-up about your intent to sell your house, you may already have at least one person who is interested in buying your house as soon as it becomes available.

Your neighbors also can share your property listing with assorted family members and friends. In addition, don’t forget to encourage your neighbors to promote your house on social media.

2. Your neighbors may be able to offer home selling insights.

Your neighborhood likely is full of property owners who understand the ins and outs of buying a house. Furthermore, your neighbors may be able to provide home selling insights that you might struggle to obtain elsewhere.

It never hurts to ask a neighbor what he or she thinks of your home. By doing so, you can gain honest, unbiased feedback about your residence and may be able to identify problem areas that you previously did not consider. Then, you can allocate the time and resources to improve your home’s exterior and interior and ensure your house stands out in a competitive real estate market.

3. Your neighbors can help keep your neighborhood looking great.

Your neighbors may want you to stay in the neighborhood. But if your neighbors are true friends, they will probably do whatever they can to help you achieve your desired home selling results.

Letting your neighbors know that you plan to list your house may lead them to upgrade their properties as well. This may enable all of the houses in a neighborhood to stand out to visitors and will make it simple for homebuyers to envision what life would be like if they moved into the neighborhood.

Lastly, if you need extra help as you get ready to sell your home, feel free to reach out to a real estate agent. With a housing market professional at your side, you should have no trouble navigating the home selling journey.

A real estate agent will provide expert tips throughout each stage of the home selling process. Plus, he or she will set up home showings, negotiate with property buyers on your behalf and do everything possible to simplify the home selling cycle.

Collaborate with your neighbors throughout the home selling journey, and you can boost your chances of a quick home sale.

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If you are thinking of refinancing your mortgage, there are so many options available to you that address your needs. Whether you want to do some home improvement projects or provide a down payment for another property refinancing can be a good option for you. There are many different options when it comes to home loans and refinancing. Below, you’ll find some of the most popular choices and what they mean for your mortgage and your finances. 

Standard Refinance

A standard refinances requires that you have a certain amount of equity in your home. If you want to avoid Private Mortgage Insurance (PMI on the refinance, you need 20% equity in the home. Different lenders have different requirements for the amount of equity that you need in order to do this primary refinancing of your home loan. Keep in mind that a good credit score is also a requirement to do this type of loan.

Refinancing With Cash Out

This option is great when you need to take some of the equity out of your home. This way, you can get some of the equity out of your home without selling the house. This way, you’re able to refinance the mortgage, get a good loan term that’s affordable, and borrow a part of the equity you have built up in your home.

You can use the cash that you take out for just about anything you need including college, home renovations, business start-up costs, or to consolidate other debt you have. The only drawback is that you’re not able to borrow 100% of your equity. Usually, the highest percentage you’re eligible to borrow is 80%. The amount is based on both the equity you have built up in your home along with your income. Also, keep in mind that after you take out one of these loans, the amount of equity you have in your home decreases.  

Short Refinance

Short refinances may not be offered by all lenders. If you don’t qualify for a HARP loan or standard, refinance this could be a good option for you. If you hope to avoid foreclosure and are struggling to pay your mortgage each month, your lender may agree to the terms of this type of loan. The loan is in effect is a combination of a short sale and a refinance. The lender agrees to pay the existing mortgage off. The loan s replaced with a new mortgage. Beware that if you choose this option, your credit score may go down significantly. If you’re able to keep up with the new mortgage payments, you’ll be able to repair your credit score over time.         

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