Duarte/Downey Real Estate Agency, Inc



Posted by Duarte/Downey Real Estate Agency, Inc on 11/3/2019

When you want to sell or buy a property, knowing its value is essential. For sellers, especially, there are higher chances that your home won't outperform other listings if they are of low value. The listing price of a home can even change after an appraisal of its value. Here are some crucial factors that can affect the value of your home:

Location

Where your home sits plays a vital role in evaluating the selling price of a home. Your house may have all the things you need, but appraisals consider more factors to place a value on it. For your home to be of a maximum value, it must be close to quality local schools, shopping, entertainment, and recreational centers. Added to that, an abundance of employment opportunities, proximity to highways and public transit can improve a home's value.

Home size

The estimated market value of a home is also dependent on the home size. Bargains are often carried out based on price per square foot. For instance, if you list your home for $100,000 and it has 2000 square feet of living space, the price per square foot would be $50. Apart from that, houses with more livable space offer luxury, ample space for parking, and probably some bonus areas have higher values than houses without those. The number of full bedrooms and bathrooms a home contains also matter to the potential asking price. More beds and baths mean a higher value for your home. 

Age

Newer homes tend to have higher values than older ones because of many factors. In a new house, some parts are less likely to break down. Plumbing and electrical work, for example, are still fresh, up to code, and with adequate warranties. Most buyers don't want to spend extra on fixing major systems after acquiring a home. In newer houses, a new roof with a guarantee of at least ten years means that the buyer won't need to spend on replacing the roof anytime soon.

Upgrades

Who says older homes can't have high values too? When you upgrade the appliances in your home to the latest versions, the value of your home climbs. Including new technologies like smart thermostats will not only raise your home's worth, but it will also help you cut costs and make your home more efficient.

The local market

Even when your home meets other requirements, influence from your local real estate market can affect your home's value. If your home is in a location where the buyers' offering bids for homes outrank the number of listings, chances are you'll sell your home for more because it is a seller's market.

Talking to a local real estate agent will help you list your home closest to the market realities in your area and ensure you get the best possible price for your house.




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Posted by Duarte/Downey Real Estate Agency, Inc on 6/16/2019

A persistent home seller may go above and beyond the call of duty to promote his or her residence to potential homebuyers. And as a property buyer, it is up to you to decide whether to proceed with a home purchase or walk away from a persistent home seller altogether.

Ultimately, dealing with a persistent home seller can be challenging, particularly for a first-time homebuyer. Lucky for you, we're here to help you take the guesswork out of negotiating with a persistent home seller.

Here are three tips to help you get the best results during a negotiation with a persistent home seller.

1. Learn About the Housing Market

Although a persistent home seller wants to do everything possible to find a buyer for his or her residence, it is important for a homebuyer to determine whether a residence is worth the price. As such, you should allocate the necessary time and resources to learn about the real estate market.

Look at the prices of available homes that are similar to the one that you're currently considering. By doing so, you can determine a price range for your home search.

Also, check out the prices of recently sold houses in your city or town. This housing market data will help you determine whether you're operating in a buyer's or seller's market so you can plan accordingly.

2. Establish Realistic Expectations

It is common for homebuyers and home sellers to negotiate with one another. However, it is essential to establish realistic expectations before you enter a homebuying negotiation; otherwise, a homebuyer may struggle to acquire his or her dream residence at an affordable price.

For example, a homebuyer who expects a home seller to accommodate all of his or her requests may be disappointed if a property seller submits a counter-proposal. Conversely, a homebuyer who keeps an open mind and listens to a home seller's concerns can determine the best course of action.

Also, it is important to remember that a homebuyer can walk away from a persistent home seller at any time. This means if you feel uncomfortable with the price or other terms associated with a home purchase, you can step back and restart your search for the perfect house.

3. Consult with a Real Estate Agent

If you are uncertain about how to deal with a persistent home seller, don't hesitate to reach out to a real estate agent for extra help.

Typically, a real estate agent can act as a liaison between a property buyer and seller. This housing market professional will do whatever it takes to ensure a negotiation fulfills the needs of all sides. Plus, he or she can provide honest, unbiased homebuying recommendations to help you make informed decisions throughout the property buying journey.

Perhaps best of all, a real estate agent will answer any of your homebuying questions, at any time. This housing marketing professional understands what it takes to deal with a persistent home seller, and as a result, will do everything to help you simplify the homebuying cycle.

Ready to acquire your dream home? Use these tips, and you should have no trouble buying a house from a persistent home seller.




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Posted by Duarte/Downey Real Estate Agency, Inc on 5/12/2019

For most people, the idea of moving conjures up dread and stress. There are things to sort, boxes to pack, fears that the dishes might get broken because you didn't add enough padding to keep them safe, and concern that you'll lose something, miss something, forget something.

But moving doesn't have to be all stress and bother. You can make a game of moving and have some fun while you do it. Look for the easiest ways to arrange things so that both packing and unpacking go more quickly.

  • One down - leave things as they are: If your dressers are full of clothes, instead of removing the clothes and repacking them in boxes. Just leave them in the drawers. Grab some plastic wrap—available at most moving rentals stores, big box DIY stores, and office supply outlets—and wrap the furniture to hold the drawers in place. If you're not sure how to complete this yourself, ask your movers to wrap it for you. And use a garment box for hanging clothes. Just grab a group of hangars and move them from the closet onto the bar in the box. They’re all set to transfer back into the new closet.
  • Two or more - leave utensils and flatware in their trays. Find boxes that will fit the whole tray but slip a plastic or paper shopping bag over the entire thing before you slide it in the box. That way, the bag holds the items in the tray and protects one tray from rubbing on another. When you get to the new home, just move the trays directly into the new drawers. Easy as pie!
  • Three to go - Race to see who can fill the most boxes. Give kids easier options such as games and books and other flat objects that fit into boxes easily. And have a bigger box for stuffed animals and dolls.
  • Four on the floor - use smaller boxes. A tendency for novice movers is to fill large boxes that are then impossible to move. The problem is, you often fill large boxes with a mixture of things that may not even belong in the same room, merely to fill the box. Using smaller boxes more strategically might give you more boxes overall, but will save you time, effort, and an aching back when you reach your destination. Label each box as you go, then stack them like a Jenga puzzle until moving day.
  • Five-minute rule - if you're trying to pack yet keep your regular life flowing smoothly, spend just five minutes at a time packing. Grab a packing box and fill it up, then go back to putting on makeup or finish your workout.

If moving seems daunting to you, download a moving app to help you stay organized and keep you moving.




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