Buy & Sell your Home by employing 10 tips from a Real Estate Professional

With the economy on a path of rising slowly in order to get back to form, still makes the people stuck in a dilemma and not able to gauge whether to buy or sell a home says Linda Turner a real estate agent.

She further adds to this, it is an appropriate time for people who are seeking to buy a property. With a low mortgage interest all the time, it tends to be a perfect time for the first-time buyers, investors or existing homeowners who are planning to upgrade to purchase a property. Also the interest rates are anticipated to boom in the next approaching months and with the new HST looming.

Linda has presented 10 fore mentioned tips to carry out the proceedings whether you are a buyer or seller or even both:-

Tips for buyers:

1.  Understanding the Location - You need to understand the relevance of location whether it is a case of a first-time buyer, investor or existing homeowner. If comparing the localities of a small or a grandeur house, small house will win the battle of being located in the best of the street, also counting on the rewards when it comes to sale, it will give a solidifying proof to this fact.

2.  Make Condominium your choice - Make sure your realtor is able to negotiate and crack a good deal for you to buy a condominium, as there is a myriad of condominium options in the market. If it is the case of you being the investor and not first time home buyer, you will have to consider leasing out your suite for a good span of years before you further plan to sell it.

Home Buying Tips

3.  Figure out your credit rating - Before you start with your buying process, you definitely should get your rating checked rather than simply assuming it, so that you can timely resolve any issue that come by your way before meeting a lender etc.

4.  Know your budget - A prime most step before you start house hunting is to meet with one or more mortgage lenders to obtain a pre-mortgage and once you are sure of how much you will spend, you further can narrow down your choices.

5.  Move out of the City - Sometimes you need to move out of your nutshell field depending upon your needs in regards to your home, thus you badly need to broaden the horizon of prospective locations, adds Linda.

Tips for Sellers:

Home Selling Tips

1. Accentuate the look - You should consult to a professional in order to make your home ready for sale. Adding mild style and decor to the furniture and interiors in order to keep the charm alive of your home.

2.  Upgrade & Update - Don’t create a fuss to get the entire renovation done rather work on small areas which could solve the purpose. For instance, updating areas that are tired, replacing worn carpeting etc.

3.  Price Conformity - Price your property rightly in the first go in harmony to the latest market conditions of the particular area. For instance, sellers overprice their residential property which is a big turn off for the prospective buyers as they are much price & budget conscious which might then lead them to skip over it.

4.  Don’t get disturbed for the closing conflict - If you receive a likeable offer but the closing date up to 30 days later than the closing date of the property you already purchased don’t get disturbed as the mortgage lenders will approve bridge financing for approximately 30 days.

5.  Choose best representative - Select a reliable real estate agent who has got a solidifying marketing plan and a proven history of successful negotiated sales in the past.