The Ultimate Guide to Real Estate
Whether you're buying your first home, selling a house, or even investing in real estate, there's a lot to learn along the way. That's why we've put together this ultimate guide to real estate—to help you sort through all the information out there and find exactly what you need to know. We'll walk you through how to stage your current home when it goes on the market and go over some of our favorite decorating tips for your new space. By the end of this blog post, we hope you'll have everything you need to ask an expert (and feel like one yourself!)
Finding a Realtor
So, what is a Realtor? A Realtor® is a licensed professional who works with home buyers and sellers. They have access to MLS (Multiple Listing Service) which is the database of all properties for sale in a given area. The MLS is where you find most homes on the market and what most real estate agents use when showing you properties. While it's not necessary to hire an agent who's also a Realtor®, it can be helpful because:
They're more likely to have experience with selling homes like yours
They're part of an association that requires them to follow ethical standards when working with home buyers or sellers
What else should I look for in an agent? Before meeting with any real estate agents, talk about your expectations and goals. Are they focused on getting top dollar for your property or finding an ideal match? Do they specialize in specific types of homes (condos vs ranches vs new construction)? How much time do they spend marketing their listings online versus traditional print advertising? If possible, interview several different agents before deciding on one to represent you during negotiations; this way you'll be able to compare how well each understands your needs as well as their pricing strategy going forward.
Buying a Home
Buying a home is one of the biggest decisions you'll make in your life. It's also one that can be fraught with worry, stress and fear. There are many things to consider when buying a home, but let's start with what really matters: location, location and location!
The first step is to find out if you can afford it. Go to Bankrate’s mortgage affordability calculator for more information on how much house you can afford based on your income and debt load. Once you know where your money stands now—and how much it will take to support your lifestyle once you've moved out—you're ready to start looking at properties that might fit into those parameters.
Once you've narrowed down the type of property that interests you most (single-family homes or condos), use our link below to search for houses in certain neighborhoods with specific characteristics such as price range, number of bedrooms/bathrooms etc...
Selling Your Home
Know the value of your home
Before you can price your home, you need to know its worth. You can do this by getting a Comparative Market Analysis (CMA). A CMA is an analysis that looks at similar homes in your area and their current sales prices. One of our agents can help you to get comparative market data on your house's neighborhood and nearby homes that recently sold or are currently on the market.
2a. Price it right!
If possible, make sure that the price of your home reflects what buyers are willing to pay for similar properties in the area—and don't be afraid to adjust accordingly when necessary! You may have heard horror stories about sellers who "gutted" their houses and spent thousands of dollars fixing things up only for their property not sell because it was overpriced from day one (or even worse: priced too low). This doesn't mean that there aren't exceptions; sometimes homes need extensive remodeling before they're ready for sale so keep this in mind when thinking about what needs work done before putting it up for sale!
Staging Your Home
A buyer's first impression of a home is only as good as the staging. You want your home to look appealing, so be sure that your furniture and accessories are clean, neat and clutter-free. If you have a cluttered living room or an outdated kitchen, it could make buyers feel like they're not getting their money's worth. They might assume that the house will be in poor condition if it has been owned by someone else who was too lazy to keep up with things like cleaning or throwing out old junk. So if you don't want potential buyers passing over yours because it looks unclean or unkempt, spend some time sprucing up the place before putting it on the market.
Another thing to remember when staging is that buyers want an accurate representation of what life would be like if they lived there—so don't try to trick them into believing something about your home which isn't true! For example: Don't move old furniture around just so potential buyers won't think about how much space there actually is (even though there isn't much). Be honest about everything from square footage down materials used throughout construction—and don't try hiding anything from people who might use those details against them later down road.
Decorating Your New Home
Decorating your new home is the first chance you get to put your own personal stamp on the place. Your real estate agent should help you find a decorator who can help you furnish, design, and accessorize your new home.
One of the most important decisions about which pieces of furniture to buy is what kind of wood it will be made from—solid wood (such as oak or pine) versus veneer (a thin layer of actual wood over particleboard). Solid wood tends to last longer because its fibers aren't glued together in layers like veneer; however, solid wood costs significantly more than veneer versions.
Getting into real estate can be one of the most exciting and intimidating things in life. This is such a large purchase that many people will only do it once or twice, so they want to make sure they get everything right. With so many aspects involved there’s always something new to learn about buying or selling homes, but hopefully this article has helped you understand more about what goes into making these purchases as well as how you can find success by working with professionals who specialize in real estate for a living.
I hope you enjoyed reading through our guide!