Classified Realty Group



Posted by Classified Realty Group on 1/8/2019

If you plan to pursue your dream house, it generally helps to evaluate housing market data. In fact, there are many reasons why homebuyers should assess real estate market data, and these include:

1. You can learn about mortgage interest rates.

Mortgage interest rates rise and fall frequently. As a homebuyer, you'll want to do everything you can to identify the lowest-available mortgage interest rates. And if you study the housing market, you may be better equipped than ever before to do just that.

In addition, it often helps to meet with banks and credit unions. These financial institutions can help you track mortgage interest rates and provide you with mortgage insights that you may struggle to obtain elsewhere. Plus, banks and credit unions can help you get pre-approved for a mortgage and ensure that you have finances in hand when you pursue your dream residence.

2. You can reduce the risk of spending too much to acquire your ideal house.

Let's face it – you want to buy your dream house, but you don't want to break the bank to do so. Fortunately, if you understand housing market data, you may be able to avoid the temptation to overspend on a house.

Examine the prices of available houses and recently sold homes in areas where you want to live. By doing so, you can establish a price range for your dream residence and find out whether you're preparing to enter a buyer's or seller's market.

3. You can quickly and effortlessly navigate the homebuying journey.

The homebuying journey may prove to be long and complicated, especially for those who fail to prepare for it. Luckily, housing market data can give you a better idea about what to expect as soon as you kick off your search for your ideal house. Then, you can use this information to identify and address potential homebuying hurdles faster than ever before.

For those who are unsure about how to collect and analyze housing market data, there is no need to stress. If you collaborate with a real estate agent, you can get the help the you need to discover your dream house.

A real estate agent can provide you with the right housing market data, at the right time, every time. He or she also will allocate the necessary time and resources to explain the importance of assorted housing market data and paint a picture of the current state of the real estate sector. That way, you can take a data-driven approach to buying a house.

Perhaps best of all, a real estate agent is available to take the guesswork out of the homebuying journey. This housing market professional will keep you up to date about new houses as they become available and ensure that you can find a terrific house that matches your budget.

Ready to make your homeownership dream come true? Use real estate market data, and you can become an expert homebuyer in no time at all.




Categories: Buying a Home   Real estate  


Posted by Classified Realty Group on 1/1/2019

If you've ever experienced the frustration of paying more than necessary for home repairs, remodeling, or upgrades, you're not alone! Most of us have done it at one time or another, and it's not a pleasant feeling!

The good news is that if you make up your mind to do a little research, ask questions, request a free quote, and get two or three estimates, then you probably won't have to repeat the same mistake. Unless it's a dire emergency, it's always better to take your time in choosing a contractor or repair technician for a home project.

While it may be a little more time consuming to get recommendations, compare prices, and talk to several contractors, it's well worth it -- both in terms of monetary savings and peace of mind. Since the typical homeowner incurs many expenses, every year, to maintain their plumbing, electricity, roof, floors, HVAC system, landscaping, appliances, and much more, the amount of money you can save from comparing estimates and researching contractors can really add up!

The ideal scenario for hiring a home contractor is to get a recommendation from a trusted friend, family member, or neighbor. That doesn't necessarily guarantee that you'll be getting the best value for your dollar, but it's a darn good starting point! Online reviews of contractors can also be helpful, but sometimes they lack the detail and credibility that's essential to a meaningful recommendation. No review is complete unless it says whether the customer would hire the contractor again and if they (the customer) would recommend them to family and friends.

Since no one's perfect, it's also helpful to know what the contractor could have done better. A lot of times people will say something like, "I was satisfied with the end result, but the project took a lot longer than expected and the contractor always showed up late." Asking questions, comparing prices, and asking for references are among the ways to increase the likelihood that you'll be satisfied with the contractor you choose and the quality of work they provide.

Depending on the scope of the project and its estimated cost, you may also want to check whether the contractors you're considering are accredited with the Better Business Bureau and if anyone has filed a complaint against them. Being accredited does not mean that the BBB endorses the business, but it does indicate that the business does meet certain standards and that they have agreed to make a good faith effort to resolve consumer complaints. In order to be accredited by the BBB, businesses need to submit an application, meet accreditation standards, and pay a fee. To keep their designation, they must maintain at least a "B" rating with the Bureau and continue to comply with its standards of professionalism, honesty, and customer responsiveness.





Posted by Classified Realty Group on 12/25/2018

Conducting an in-depth home search may prove to be difficult, particularly for individuals with limited time and resources at their disposal. Fortunately, there are lots of things that you can do to streamline your home search and discover your ideal residence without delay.

Now, let's take a look at three tips to help you seamlessly navigate the homebuying journey.

1. Create Homebuying Criteria

Not all homes are created equal, and the dream house for one buyer may differ from the dream house for another. However, if you craft homebuying criteria, you can define your dream house and map out your property search accordingly.

Think about the features you want to find in your dream residence. For instance, if you want to own a house that features a dazzling backyard, you can explore residences that offer this feature. On the other hand, if you want to purchase a home that boasts multiple bedrooms, you can search for residences that provide plenty of space.

Consider where you want to reside, too. By doing so, you can narrow your home search to residences in a select group of cities and towns.

2. Know Your Homebuying Budget

Get pre-approved for a mortgage – you'll be happy you did. If you enter the real estate market with a mortgage in hand, you'll know exactly how much you can spend to acquire your dream residence. Then, you can search for houses that fall within your price range.

Obtaining a mortgage will require you to meet with banks and credit unions. You should review mortgage options from a variety of banks and credit unions, as this will allow you to select a mortgage that complements your finances.

Don't hesitate to ask mortgage questions, either. Banks and credit unions employ home financing specialists who are ready to respond to your mortgage queries. Plus, these specialists can offer home financing insights to help you make an informed mortgage selection.

3. Hire a Real Estate Agent

A real estate agent understands the challenges associated with finding a great house at an affordable price. Thankfully, he or she can make it easy for you to conduct an in-depth home search in no time at all.

Typically, a real estate agent will keep you up to date about new houses that become available in your preferred cities or town. If you want to view any of these homes, a real estate agent will set up a house showing. And if you find a home you want to buy, a real estate agent will help you craft a competitive offer to purchase this residence.

As you get set to search for your dream home, you should try to prepare as much as you can. By using the aforementioned tips, you can simplify the process of conducting a comprehensive home search. Best of all, you can use these tips to discover a wonderful home that is sure to serve you well both now and in the future.





Posted by Classified Realty Group on 12/18/2018

If you plan to sell your house in the foreseeable future, it often helps to declutter. That way, you can eliminate excess items from your house and make it easy for buyers to envision what life may be like if they purchase your residence.

Before you start to declutter, there are several steps that you should follow to achieve the best-possible results, and these are:

1. Consider Which Items That You Want to Keep

One homeowner's treasure is another's clutter, and vice-versa. Thus, you'll want to take a close look at your personal belongings and determine which items are keepers and which items are clutter.

If you find that you have lots of clutter, there is no need to worry. Remember, you can always sell excess items at a yard sale or online. You also may be able to donate various excess items to charity or give them to family members or friends.

2. Examine Clutter in Each Room of Your Home

Clutter rarely is confined to one room of a house. As such, you'll want to closely examine each room of your home and identify all clutter before you list your residence.

Oftentimes, it helps to make a home decluttering checklist that includes each area of your home. This checklist will enable you to take a room-by-room approach to remove clutter and may help you streamline the decluttering process.

3. Evaluate Your Storage Options

Although you likely will find plenty of clutter in your home, you may identify a wide range of items that you want to keep too. At the same time, you probably want to remove as many items from your house to show off the true size and beauty of your home to potential buyers.

Ultimately, it helps to evaluate storage options prior to decluttering. This will ensure that you have plans in place to store myriad items as you start to remove clutter from your house.

Many home sellers choose to rent storage units for their personal belongings. These units generally can be rented on a monthly basis and enable home sellers to keep their belongings safe until their houses are sold. Furthermore, it may be beneficial to pick up storage bins to temporarily store myriad belongings in your house's attic or basement.

If you need extra assistance as you prepare to declutter your house, it frequently helps to reach out to a real estate agent. This housing market professional can offer expert decluttering tips, as well as guide you along the home selling journey.

A real estate agent will set up home showings and open house events, negotiate with a buyer's agent on your behalf and much more. Therefore, with a real estate agent on your side, you can increase the likelihood of a quick, profitable home selling experience.

Ready to declutter and list your residence? Follow the aforementioned steps, and you can eliminate clutter and move closer to selling your house.





Posted by Classified Realty Group on 12/17/2018

As recently as 20-25 years ago, most people thought “staging” was for the theater and model homes. The idea of professionally temporarily decorating a home to sell it was not on the average homeowner’s radar. All that changed with the advent of TLC, HGTV, and other networks dedicated to home buying/selling and renovating shows.

If you’re selling a home after years out of the housing market, you may balk at the idea of the added expense of hiring a stager, but last year’s National Association of Realtor’s report ‘Profile of Home Staging’ indicated that a massive 77 percent of buyers’ agents believe staging contributed to their client’s ultimate purchase.

Visualization is key
Living in a visual world means most people make snap judgments by what they can see. If buyers cannot “see” themselves living in the home, they’ll keep looking. First-time buyers, especially, may need that extra nudge to make the plunge. Staging for the online photos is even more important. Potential buyers indicated they were more likely to walk through a home that had staged online images.

Faster is better
While some studies completed in the past few years indicate that staging does not change a buyer’s perception of a home’s value, it does help the home sell more quickly. In the world of real estate, where the seller is balancing the mortgage on the current home with the new mortgage on the home they want, selling the home more quickly for a fair price pays for itself. After all, who wants to be carrying two mortgages?

More is also better
Ultimately, it comes down to the outcome. Yes, the house may sell more quickly when staged, but does it sell for a higher price? Is the cost of staging recouped? The evidence is less clear here, but in the same NAR study, 49 percent of agents believed staging got the seller a higher offer. And while most of those indicated the increase was in the one to five percent range of the sale price, that was more than enough to cover the cost of staging.

Is this a time for DIY?
Binge-watching renovation and real estate shows may give a seller a false sense of their own ability to effectively stage their home. Professional stagers and design professionals can cast that critical eye that allows them to minimize a home’s flaws while accentuating its features. They also have a plethora of furnishings to utilize. To do it yourself might not be worth it on balance for what you get with a professional.

The most important key is to be on the same page as your local agent. They know your local market and are aware of the comparable homes for sale in your area. They know the potential buyers and what they expect to see in your home’s price range. Put their knowledge to work for you.