You may be thinking, But Rachel, in my hot market, homes usually sell way above asking price. Well, that could be true. But even if buyers are willing to pay more than the asking price, your home still has to go through an appraisal once an offer is accepted. What’s an appraisal...
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While it doesn’t replace an agent’scomparative market analysis (CMA)orappraisal, our freeHome Value Estimatoris a great place to start in your determination of home value. Answer afew quick questionsabout your home, such as how much work it needs and whether it’s a single-family or tow...
she warns sellers against using an appraisal that they may have recently had done for a refinance. “Those numbers won’t necessarily translate into an appraisal number for a home sale,” she says. “When you’re refinancing [your home], it’s a different kind of appraisal. They’re tryin...
Some homeowners might be tempted to save on paying a commission and instead sell their home themselves, without an agent. This is known as “for sale by owner.” The amount sellers stand to save on that fee can be significant, usually 2.5 percent or 3 percent of the total sale price. ...
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There will also be far less hassle when wondering if a buyer will get their loan or if there will be a home appraisal problem. You will also have reduced closing costs without paying a real estate commission. Remember, however, even factoring in these lower costs, you will have a much lo...
• No appraisal fees • No repair costs Alternative Solutions A “typical” real estate transaction has sellers re-arranging their homes, have a sign in the yard, tons of buyers and nosey neighbors coming through your home, has the seller paying ALL the commissions and thousands of dollars...