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bidding war on house

Bidding War on House

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A competitive market can lead to a bidding war when multiple home buyers compete against one another to submit the highest offer price. Bidding wars are common when housing inventory is low. Learn what a bidding war is, how it may affect the sales process, and a few tips buyers can use when navigating one. … Continued
no sales

What Stops a House from Selling

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The selling process can be excruciating and take months, and if the home does not sell, it can result in frustration and financial loss. Several things can hinder the selling process, like curb appeal, natural light, or your furry friends.  In this article, we will discuss pricing strategies, staging, the house’s condition, and other things … Continued
counteroffer

What Is a Counter Offer in Real Estate?

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When a seller responds to a purchase offer, they may accept it or reject it in entirety, or they may submit a counter offer. Real estate counter offers allow sellers to make a revised offer, often proposing a different price or contingency terms. Use this guide to learn about counter-offers in real estate, including why … Continued
old roof

Selling a House With a 20-Year-Old Roof

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Selling a home can be both stressful and exciting. You may be worried about securing a great deal from a buyer, but you are excited about earning a profit from years of equity and purchasing your next home.  Depending on the home’s market appeal, and if it’s currently a competitive market, you could make thousands … Continued
house title transfer

House Title Transfer

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Whether buying a new home, selling an existing property, estate planning, or gifting a residence to a family member, you must officially transfer the title. A house title determines a property’s ownership rights, making this a crucial step to transfer the property. Learn everything you need about house titles, including the different types and steps … Continued
time money

Can You Sell Your House After a Year?

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Although becoming a homeowner is an investment in the future, it can come with some financial challenges. Changing home values, property taxes, interest rates, insurance costs, and many other factors can affect your budget when you own a home. These hidden costs are often surprising to first-time buyers. Unforeseen circumstances could force you to sell … Continued
checklist downsizing

Downsizing Home Checklist

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Taking care of a home is a lot of work. Between the constant cleaning, unexpected repairs, and maintenance costs, being a homeowner is a big responsibility. On top of all this, you have mortgage payments, property taxes, insurance policies, and utility costs to keep up with. In many cases, homeowners live in houses they cannot … Continued
values scxale

Appraisal Value vs Market Value

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Sellers may be presented with two values—the appraised value and the market value. While both are important to determining a property’s worth, understanding what each value means and how it’s determined is crucial. Appraised value and market value may not always be equal, which can present sellers with a few challenges. Learn what each assessment … Continued
alienation clause

Alienation Clause in Real Estate

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An alienation clause in real estate requires the immediate repayment of the remaining mortgage balance following the sale or transfer of a property. While an alienation clause can be found in most existing mortgage contracts today, it still presents some challenges to the owner when selling. Learn what an alienation clause is and how it … Continued
real estate agreement

What Is a Kick-Out Clause in Real Estate?

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A kick-out clause in real estate is a contingency that allows the seller to continue showing the property after accepting an offer. With a kick-out clause, the seller can kick out the buyer and void the contract if they receive a better deal. Learn how kick-out clauses work in real estate, when to use them, … Continued
right to sell

What Does Exclusive Right to Sell Mean?

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Many sellers choose to work with a real estate agent or broker to market and sell their properties for top dollar. However, before signing a listing agreement, make sure you understand the different types and what they mean. An exclusive right to sell gives one broker the legal right to sell a property. Learn about … Continued
sellers remorse

Understanding Seller’s Remorse

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Selling your home is a huge decision that can impact you financially and emotionally. Even when you decide that selling is the right move, you may still second guess your decision, a phenomenon referred to as seller’s remorse. Learn what seller’s remorse is, why it happens, and what you can do to prevent these emotions … Continued
home short sale

How Long Does a Short Sale Take?

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When you own a home and plan to sell it, the top priority is typically making more money from the sale. If you have owned that property for a long time and have a lot of equity, it is easier to turn a profit. However, not all sellers can afford to pursue a traditional sale, … Continued
rebuilding a house

Cost to Rebuild a House

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When homes are unsafe due to natural disasters, fires, or severe deterioration, complete rebuilding may be the only solution for creating a livable space. However, with the costs of construction materials steadily increasing, understanding the factors that influence rebuilding expenses is crucial. Table of Contents Factors Influencing Rebuilding Costs The cost to rebuild a house … Continued
pros and cons

HOA Pros and Cons

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Homeowners associations offer buyers both pros and cons. Residents pay dues to access shared amenities and help maintain consistent property values. However, homeowners associations can also have many regulations, which may limit a homeowner’s control over their property. Learn about the pros and cons of homeowners associations. We’ll also review a few things to consider … Continued
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