Home Showings: Here’s What Sellers Need to Know

If you plan to sell your home, it often is a good idea to learn about property showings. That way, you can prepare for showings and boost the likelihood of a fast, profitable property selling experience.

Now, let’s take a look at three things that sellers need to know about home showings.

1. A showing may make or break the house selling journey.

As a house seller, you only get one chance to make a positive first impression on a potential buyer. And if your home fails to impress a buyer, this individual is likely to move on to other residences.

By taking care of your home, you can make it easy for a buyer to fall in love with your residence during a showing. In fact, completing home maintenance tasks can make a world of difference in the eyes of property buyers.

Mowing the front lawn and trimming the hedges can help you bolster your residence’s curb appeal. Meanwhile, removing clutter, vacuuming the rugs and scrubbing the floors enables you to improve your home’s interior. And if you perform these home maintenance tasks prior to a showing, you can help a buyer envision what life may be like if he or she purchases your residence.

2. Even an unsuccessful home showing provides a valuable learning opportunity.

If a home showing fails to result in an offer to purchase your home, there is no need to worry. A home seller should view each showing as a learning opportunity and use it to find ways to upgrade his or her residence.

Remember, there is always room for improvement, especially when it comes to differentiating your house in a competitive real estate market. And if you take a buyer’s feedback after a showing to heart, you can use this feedback to explore innovative ways to improve the look and feel of your home.

3. A home seller should strive to be flexible with property showing requests.

Ultimately, a seller may receive home showing requests on short notice. And in these instances, it helps to accommodate buyers’ requests.

If a seller is willing to temporarily vacate his or her house to accommodate a last-minute showing request, this individual can make it simple for buyers to view the residence without delay. As a result, this seller can show his or her house to many potential buyers to speed up the property selling cycle.

As you get ready to show your residence to buyers, it usually helps to hire a real estate agent. This housing market professional can teach you everything you need to know about the house selling journey and ensure you are fully prepared for any challenges that may come your way. Best of all, a real estate agent will do everything possible to help you promote your residence to dozens of prospective buyers so you can maximize your home sale earnings.

Hire a real estate agent today, and you can start showing your residence to potential buyers.

3 Ways Home Buyers Can Position Themselves for the Best Mortgage Terms

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The perfect home is not the only thing you’ll need to shop for when you want to become a homeowner. In order to get the best terms, the lowest monthly payment and a reasonable interest rate, start doing some homework now — before you even attend your first open house. 

1. Check Your Credit Score

Checking your credit score should be the first thing you do when you’re considering the purchase of a home. Why? Because every lender you speak to will use it as a benchmark for determining the likelihood of you being able to pay off the debt. The better your credit score, the more favorable terms and interest rates a lender might offer you. The earlier you know your credit score, the more time you have to address any issues that might be contained in it. Remember, you’re entitled to one free credit report from each of the three reporting agencies each year. Take advantage of this service and keep tabs on your credit score. 

2. Have Steady Employment 

Being able to demonstrate that you are gainfully employed will go a long way toward qualifying for a mortgage loan and being offered attractive interest rates. Aim for at least two years of unbroken employment. Be ready to back up your claims regarding the duration of your employment and the dollar amounts you bring home. 

3. Offer a Sizable Down Payment 

Come to the negotiating table with a lender and with a solid down payment, you’ll be able to enjoy lower monthly payments. There’s no fast rule regarding the amount of a down payment. That being said, most lenders like you to have at least 20 percent of the home’s purchase price as the down payment. There are some lenders, however, who accept less than 20 percent. If your lender accepts down payments that are less than the standard 20 percent, expect to have to purchase private mortgage insurance. This can be anywhere from .05 percent to 1 percent. 

4. Know Your Debt To Income Ratio

The debt to income ratio demonstrates your ability to pay off the mortgage as agreed upon. Most lenders like to see that your monthly debt payments are equal to or less than 43 percent of your gross monthly income. 

In a seller’s market, there might be several people vying for the same home. Addressing the items above can make you look more attractive compared to some of the other potential home buyers. 

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How to Throw a Housewarming Party on a Budget

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What better way to unwind after all the stress of moving and settling into a new house than to have a housewarming party? It doesn’t matter if it’s going to be a large shindig or small party, a fancy dinner or a casual barbecue. Whatever the plan, a housewarming party is a fantastic way to show off your new home.

After the cost of moving, you might not want to spend too much on your party. The good news is you can have a housewarming party on a budget. There are no rules or guidelines as to what a housewarming should look like, so work with your space, time, and budget — just ensure you and your guests have fun. Use the tips below as a guide for throwing a housewarming party in your new home without putting a dent in your pocket.

Make a Budget

The first thing to do is to figure out how much you want to spend. You do not have to go overboard financially to throw a great party; work with whatever amount you have available.

Set a Reasonable Date

Choose a date and time that’s comfortable for you — financially and mentally. After the stress of moving and settling in, give yourself enough time to recover before hosting friends and family.

Cap Your Guest List

When there is a budget constraint, limit the number of guests you invite. Restricting guests to your closest friends, your immediate family, and your new neighbors will help you keep costs down especially when it comes to providing food and beverages for a crowd.

Utilize Free Invitations

There are multiple free invite options available for you to use, but a simple Facebook or WhatsApp message will do. Request RSVPs from your guest so you can prepare for the number of people attending.

Skip the Decorations

The purpose of your housewarming party is to show off your new home. You do not necessarily have to use other forms of decorations. If you intend to decorate anyway, buy decorations that serve you after the housewarming such as a string of festive fairy lights or tiki lamps for your patio.

Throwing a housewarming party on a budget means inviting people over to your place to have fun with what you have available. Ensure you have fun while at it. Your agent is an excellent resource for local specialty shops to find unique party décor or local foods to try.