Tag Archives: Choosing the Right Agent

Fees to be Aware of When Purchasing a Home

Purchasing a home is arguably one of the biggest financial decisions you will make in your lifetime. As you start your hunt, don’t forget there will be other costs associated with your purchase than the price of the home. This is valuable information, especially for first-time homebuyers. These are all good reasons to hire an experienced Real Estate Agent to help navigate you through the process, plus the fact of multiple offers and homes now selling above listing price.

Here are 5 fees to keep in mind as you begin to budget.

  1. Home inspection. This is a crucial step in the home buying process. The findings that come from the inspection can help you negotiate price and repairs. Generally, you can expect to pay between $300 to $500 depending on the home and the location.
  2. Title services. Title services encompass the transfer of the title from the seller and a thorough search of the property’s records to ensure to no one will pop up with a claim to the property. Additionally, you may need to buy title insurance which will protect the lender or your investment in the home.
  3. Appraisal fee. Before getting a loan, you will likely be required to get an appraisal of the home to determine its estimated value. This will be conducted by a third-party company and the cost can land anywhere between $300 and $1,000, depending on the size of the home.
  4. HOA fees. Many communities have a homeowners’ association that enforces monthly fees. This money is used for general maintenance and updates to areas like pools, parks, and more. Typical HOA fees are around $200 per month.
  5. Taxes. The taxes each buyer pays at the closing table differ, but it is not uncommon for it to be up to two months’ worth of county and city property taxes. Additionally, there may be taxes for the transfer of the home title.

I would be happy to talk with you as you prepare to buy or sell and devise a plan to help you transition as smoothly as possible.

Sincerely,

Marie Dinsmore

The Dinsmore Team

Experience, Passion, and Commitment to Excellence

Getting Ready to List

When you’re getting ready to list your home, it’s of the utmost importance to ensure you are showing it in the best light. Taking time to highlight its strengths and fix up some of its possible weaknesses can make a big difference in how fast it sells. Here are our top four recommended projects to do before listing your home.

Repaint walls.

Giving your home a fresh coat of paint is one of the most cost-effective ways to spruce it up, and generally, it can be a do-it-yourself project. Make sure to cover any walls with scratches and chips and consider updating any accent walls with a more neutral coat.

Repair or replace floors.

Hardwood floors are a very desirable feature in a home, so you want to ensure they look their best by fixing scratches or dull areas. If your carpet is worn or stained, consider replacing it. And don’t forget the tile in your kitchen or bathrooms. Re-grouting can go a long way in making dingy tile work look brand new!

Refresh the landscaping.

Show buyers your home is the full package by dressing up the outside as well as the inside. Clean walkways and driveways, plant seasonal flowers and plants, trim hedges, and trees, install outdoor décor pieces and fill in mulch and gravel. Some potential buyer won’t even come inside if they don’t like what they see outside.

Fix your fixtures.

Leaky faucet? Rusted drains? Loose drawer handles? Making these small fixes can make a big difference to potential buyers with detailed-orientated minds. Improve your kitchen. An outdated kitchen can be a real eyesore in a home. Updating cabinetry, repairing or replacing countertops, and installing new faucets and sinks may be worth the investment

I have a complete checklist that I go over with my potential sellers.  Give me a call and let’s go over where to start.

Marie Dinsmore

RE/MAX Around Atlanta

Experience, Passion, and Commitment to Excellence

The Value of a Good Realtor

Despite COVID 19 the market is still doing well.  The best thing about the real estate market right now, are those who are buying and selling property are serious.  What is getting listed, is selling fast.

So, why do you need to enlist the help of a good realtor to sell your property and not do it yourself?

  1. Overpricing. Experience shows that when the home is overpriced it usually doesn’t sell quickly; if at all.  A good realtor can get you good comparisons on what has sold nearby and advise if you need to have your property appraised prior to listing.
  2. Selling in “As-Is Condition. In today’s competitive market, you need to take the effort to make your house sparkle like the day you bought it.  If there are reasons that you have to sell ‘As-Is,’ then a good realtor will have alternative solutions, i.e. the I-Rep program, know of investors, etc. looking for property in the area.
  3. Drive-By Appeal. First impressions decide whether the buyer even stops to come in.  Depending on your location, you may not be able to depend on drive-by traffic to even get potential buyers interested except for perhaps your immediate neighbors.  And in today’s market people want a preview of the inside, so you need great photos for a virtual tour.  Your realtor will get your property listed on all the real estate listing sites so that all serious buyers and other realtors have access to the information on your property and can schedule showings.
  4. Dark Home Syndrome. The brighter and cleaner a home is, the better it shows.   A good realtor will ensure you have plenty of notice prior to bringing potential buyers to see your property to give you sufficient time to tidy up.
  5. Overvaluing Your Home. Beware of spending too much on your property so that you overvalue its worth in the neighborhood.  Having a conversation with a good realtor can give you good sound advice on where to make improvements and what will help your home sell.  It is advisable to have that conversation as soon as you’re thinking about listing your property.
  6. Financing. Be willing to be flexible with closing costs.  This is all part of why you hire a realtor.
  7. Do It Yourself Syndrome. Unless you know the laws about Seller’s Disclosure and termite reports you could cost yourself thousands of dollars by doing it yourself.
  8. Stay Out Of The Way. If you are underfoot when showing, a buyer does not feel free to really look at your home.  Put away and lock up any valuables before showing.  Yes, you love your home and you may think you can point out all it’s best features, leave this to your realtor.  Realtors screen potential buyers before bringing them into your home so as to only bring those who are serious.
  9. Attitude. A positive attitude is best; remember your taste is not everybody else’s.  Another reason you want to leave the showing of your property to your realtor.  They can also advise you on how to best prepare your home for showing.
  10. Seller’s Remorse. Respond to offers quickly, the first might be the best offer.  Your realtor will advise you on pricing your home correctly.  In today’s market, the offers come in quickly and are on target for what the property’s value truly is.  By not responding and being able to negotiate may delay the sell and getting the best price.

Have questions?  Give us a call.  We can help you through the maze of selling or buying in today’s market.

Sincerely,

Marie B. Dinsmore
RE/MAX Around Atlanta
Marie@DinsmoreTeam.com
www.DinsmoreTeam.com
770-712-7789

 

There’s More than One Way to Sell a Home

When it comes to selling your home, it’s a big undertaking.  Unless you’ve maintained your home in pristine condition, it make take a few months to get it to the point you can list and show it.  And what about those repairs that need to be done?  And do you invest in doing those upgrades or not?  Which upgrades will bring you your best ROI?  Just so much to take into consideration.

What if there was a way to get an idea of what your home value would be in it’s ‘as is’ condition?  Well, you may be thinking, I can just look at the other homes in my neighborhood.  Or call a Realtor who can give you an assessment.  Yes, those are viable options, but what if there was a way to present your property to multiple sources and receive multiple offers without the guess work?  What if I told you, there is a way?

I am now iRep certified.  Which means I can assess your property and put together a presentation to all those companies who advertise to give you cash offers on your home.  But you’re probably thinking, well can’t I just do that myself?  Yes, you could, but by using my services and expertise, I can help get you the best offer.

Typically, what happens when you go directly to one of these companies, they do no prior assessment of your property.  They just look at the basic information and what has sold around you and send you an offer.  If you want to proceed, then they send someone out to inspect your property and then give you the real offer, which is much lower than what they initially offered.  Why, because they see all the things that needs to be repaired, replaced, upgraded, etc. and lower their offer.  When you use my services, I provide the assessment to the company upfront which includes any repairs, etc. that need to be done.  You then get an offer of the true value of your property because they know upfront the condition of the property.  Plus, since I am representing you, you won’t be bombarded with emails and phone calls should you decide this is not the route you want to pursue.

Using my iRep services can help the home selling process in a couple of different ways.  First, if you’re thinking about selling and want to get a really good idea of what your home will bring, this is a good option.  Second, after receiving your offer, you can decide if you want to go through the listing and showing of the traditional route.  Perhaps you have small children, animals, or elderly parents that going the traditional route would be very disruptive to your home life.  Perhaps the difference between getting a cash offer and what it would take to get your home ready to list and show is not in your time constraints.  Perhaps you have a reason that you need to sell and move quickly.  All of these are very valid reasons to consider using the iRep process.

To learn more about the iRep process give me a call and we can discuss what is best for you and/or see our webpage at https://www.dinsmoreteam.com/irep/ for more information.

What Exactly Do Real Estate Agents Do?

bigstock_Female_Real_Estate_Agent_Handi_6207483“You hire them to help you sell or buy a home, right?”

While defining the role of a real estate agent may seem somewhat cut and dry, the truth of the matter is that many people lack a true understanding of what agents actually do during the buying or selling process.

In short, yes, a real estate agent is someone who helps you either sell or purchase a property (which may or may not include an actual structure).  However, their actual job involves everything from property valuation and the use of successful marketing techniques to negotiation and home organization.

With this, a truly great agent is someone who not only knows the immediate area, but who keeps up with local and regional market activity, as well as industry news.  In addition, they continually research active, pending, and sold listings in an effort to understand pricing trends so that their clients are better equipped to remain competitive within the market.

Furthermore, while it’s one thing to simply list a home and hope it sells, successful agents are able to assist with everything from staging advice to making recommendations for professional cleaners, painters, and contractors.  Generally speaking, most house hunters are looking for certain things when they tour available properties, so real estate agents come armed with an understanding of buyer behavior and the types of home attributes that will garner positive attention.

Therefore, even if you’re not looking to buy or sell at the current moment, real estate agents are a fantastic resource when looking to understand current housing trends, what your home is worth, or what you can do to prepare for the market.

With that being said, if you have questions, don’t be afraid to make contact with an agent who can share a bit of their knowledge with you.  Yes, they assist with the buying or selling process, but more than anything, real estate agents comprise a wide network of individuals who have an abundance of professional connections to assist you with anything you may need.

To learn more about what an agent can do for you, please contact me.  I’d love to help you along the way.

Marie Dinsmore | The Dinsmore Team | www.DinsmoreTeam.com | 770-712-7789