The 10 Dumbest Mistakes Smart People Make When Buying or Selling a Home – and How to Avoid Them

The 10 Dumbest Mistakes Smart People Make When Buying or Selling a Home – and How to Avoid Them

Buyers

 

Mistakes 

Prevented By 

1. Not knowing how much they can afford to pay for a house before they make an offer.

Get pre-qualified for a mortgage from a Lender, so you know in advance exactly how much you can afford.

2. Not finding out in advance whom the real estate agent represents.

Asking your Realtor. Most people think their agent is working for them. But unless the agent is working as your buyer representative, he/she represents the seller.

3. Not realizing that the wrong mortgage can cost thousands of dollars in unnecessary interest and taxes.

Consulting with a mortgage consultant, accountant, and/or financial planner before making a final decision on which mortgage to choose. CPAs can tell you the long-term effects on your income.

4. Not discovering hidden defects before buying a home.

Hiring a professional to conduct a pre-purchase home inspection.

5. Not knowing how debt can affect their ability to buy or refinance a home.

Asking your mortgage professional to help you review and repair your credit file in advance.

 

Sellers

 

Mistakes 

Prevented By 

6. Setting their asking price too high because of personal need or emotion rather than fair market value.

Consulting with a professional real estate agent. He/she can assist you in pricing your home correctly.

7. Failing to “showcase” their home by highlighting the best features.

Thoroughly cleaning, repairing, and readying your home for showing before you put it on the market.

8. Signing a listing contract with no way out.

Asking your real estate agent if you can cancel your listing agreement at any time, no questions asked, prior to signing the contract or agreement.

9. Choosing an agent for the wrong reasons. (For example, listing a home with the agent who works for the most popular company.)

Selecting a listing agent with the best marketing plan and track record.

10. Not knowing their legal rights and obligations. 

Consulting a knowledgeable, trustworthy professional who understands the technical and legal aspects of a real estate transaction. Contracts are legally binding. Neglected details can wind up costing sellers thousands of dollars.

 

This report courtesy of

Candie Worsham

Nashville Area Homes

615.400.5230

3 reasons sellers need a Realtor to price their home | Inman News

3 reasons sellers need a Realtor to price their home | Inman News.

What Are the Time Tested, High ROI Remodeling Projects? | RISMedia’s Housecall

What Are the Time Tested, High ROI Remodeling Projects? | RISMedia’s Housecall.

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Fun Facts About Fall

Don’t Look Where You Don’t Want To Go

September, 2014

 

 

Don’t Look Where You Don’t Want To Go

 

Are you familiar with the idea that we tend to attract more of what we focus on? Here’s a great story that perfectly illustrates this concept.

 

A man who was afraid of heights decided to conquer his fear by rappelling down the side of a steep cliff. A guide was on hand to help him, but as he stood on the edge of the cliff, the sight of the long drop and the rocks waiting for him down below made him freeze.

 

The guide gave him some simple advice: “Don’t look where you don’t want to go.” By this simple twist on familiar goal-setting advice (“look where you want to go”), the man was able to complete his descent.

 

The following Monday at work, the man remembered his mountaineering advice. He had been stressing about all the stuff he didn’t like about his work: his boss, his effectiveness, his job duties, some of his co-workers. He had been trying to create goals for himself, but they just made him feel anxious and incomplete.

 

After his climbing trip, he realized that he was overly focused on what he didn’t like about his workplace. So he resolved to not look at the things he didn’t like. He chose instead only to focus the entire day on what he liked.

 

The result? He found himself relaxing more, getting along with his boss better, and getting more done.

 

After reading this story, I spent the entire day reciting things I like about my work and the people I work with. I refused to look at my problems or shortcomings. Within minutes I felt great. Give it a try and see for yourself, and let me know what you think!

 

Sincerely,        

Candie     

Your Real Estates Consultant For Life

P.S. I’ve learned that providing exceptional service makes me feel great, too. If you or your friends and neighbors need real estate help, email me at Candie@Worsham.com or call me at 615.400.5230.

Top 5 Reasons to Buy a House Right Now – Real Estate News – realtor.com

Top 5 Reasons to Buy a House Right Now – Real Estate News – realtor.com.

Looking for information?

Dear Consumer, In today’s real estate world, there are a ton of sites that are fun to visit and look at homes. Some provide their opinion of values, some provide their opinion of what’s going on in the market. And a few may give their opinion on the effects of government rules regulations and tax code changes that will affect you. But the bottom line is this. NONE of those folks have boots on the ground. They are not the ones working directly with buyers and sellers and experiencing the challenges and opportunities first hand. They aren’t the ones working with mortgage reps, navigating ever changing lending rules that make borrowing more difficult. They certainly are not the ones who go into every house on the market, hear how confident or not the buyers and sellers are. And I’ve never seen them at the closing tables. Know where else they aren’t? In Washington speaking directly to members of Congress and regulatory agencies such as FHA, working to make sure you can have access to mortgages, benefit from owning a home and protecting the Homeownership Dream. All of those sites and so called experts get all of their information from guess who? That’s right. The Realtors and their MLS’s who put out those market statistics and provide those insights.SO, the next time you have a question about real estate, go to the experts who are responsible for creating the data and understand the market better than any website. Ask a Realtor. It’s the trusted source for accurate information on the market and the value of your home.

 

August 2014 Newsletter


 


 


 


 


 


 


 


 


 


 


 

5 Mistakes That Could Decrease Your Homes Value | Century 21 Blog

 

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5 Mistakes That Could Decrease Your Homes Value | Century 21 Blog.

Need More Inventory

 

 

July 16, 2014

Dear Friends:

 

The real estate market has been making a rebound for the last couple years. Many homeowners who considered moving felt the market was too uncertain, and many of us have been waiting it out. As a real estate professional, I’m thrilled to report a positive outlook for those who are thinking about selling.

Here are some stats:

-According to Realtor.com May home inventories which represent the available number of homes for sale are down 5.8 percent from May 2013.

-According to the National Association of Realtors, national home sales rose 4.9 percent in May from April. The 4.9 percent month-over-month gain in May was the highest monthly rise since August 2011

-Additionally the National Association for Realtors reported that single family home prices nationwide are 4.9 percent higher in May 2014 than May 2013.

I am sharing this information with you because inventory in Nashville & Brentwood is low, and I am hearing from agents and prospective buyers that they just can’t find what they are looking for.

If you’ve thought about selling please give me a call. I’d love to visit with you for a no obligation and no pressure consultation.

Best Regards

Candie Worsham, Broker

Nashville Area Homes

615.400.5230