home selling tip

home selling tip

Home selling tips are everywhere – some suggesting things you might never thought of, some are general ones you’re likely to find everywhere. But just because they’re common doesn’t mean we should stop making them. Here are some home selling tips of our own:
· When putting out your advertisement, never use the words “asking” or “negotiable” with your selling price. This will only make it seem like you’re not sure of the value of your home. Why bother setting the price in the first place if further negotiation is likely to change it anyways?
· When preparing your house, try to look at it from the buyer’s point of view. Would you want to buy a house like your own?
· Unless you’re sure you’re up to the challenge, hire a good agent and attorney to do the home selling for you. It may cost more, but it can save you a lot of pain.
· Make sure you have a full Multiple Listing Service coverage – this is a powerful tip to remember. Multiple Listing Service is the strongest selling tool for your home. Some people would not even advise you to check for any offers before you see you home on MLS!
· Home showings through an open house is a good idea, especially if you live in a small town.
· Getting your clutter out of the way will not only improve the home showings, but also makes it easier for you to … Read the rest

Refinancing Your Mortgage 101

Refinancing Your Mortgage 101

Practically everyone has refinanced or thought about it at one point in time. We’ve seen the dozens of commercials that urge us to do it. With rates at record lows over the past few years, refinancing has helped many borrowers lower their monthly payments.

Refinancing your mortgage can be a very hard and confusing experience. When you’re making your decision, there are several things to keep in mind.

First, even a small rate cut can pay off quickly.

Second, if you are planning to stay in your home for at least three to five years, it may make sense to pay “points” (a point equals 1% of the loan amount) and closing costs to get the lowest available rate.

And third, you can avoid a cash layout and still get a low rate by adding the fees and closing costs to your new mortgage. This does not mean shouldering a lot of extra debt. If you’ve had your current mortgage for at least three years, you’ve probably reduced your balance by several thousand dollars. So you may be able to tack your closing costs onto your new loan, lock in at a lower rate, and still end up with a mortgage amount that’s less than your original one. More importantly, a lower monthly payment.

Another factor to consider is how long you expect to stay in your home? If you’re planning to move in the next few years, the monthly savings may never add up to … Read the rest