How Do I Make A Home Ready To Sell?

 

As we show you in this video, start several months before the property is made available. Look through the eyes of a buyer

  • What needs to be cleaned?
  • Repainted?
  • Repaired?
  • Or tossed?

Ask yourself – or a friend If you were buying this house what would you want to see?

The goal is to show a home that looks good makes the most of its assets like space and location and attracts as many buyers and as much demand as possible.

Allow yourself enough lead time – not just a day or two – to make the most of the sale. And get help from a real estate agent – early.

What Should I Look Out For During The Final Walk-Through?

 

Well, as this story shows, this will likely be the first opportunity to examine the house without furniture giving you a clear view of everything.
Check the walls and ceilings carefully as well as any work the seller agreed to do in response to the inspection.
Any problems discovered previously that you find uncorrected should be brought up prior to closing. It is the seller’s responsibility to fix them.

How Does Purchasing A Home Compare With Renting?

 

The one advantage of renting is being generally free of most maintenance responsibilities. As well, you are generally not tied to a particular market should you wish to move quickly.

However, by renting, you lose the chance to build equity and take advantage of tax benefits and protect yourself against rent increases.Also, you may be at the mercy of the landlord for housing.

Owning a home has many benefits. When you make a mortgage payment, you are building equity increasing YOUR net worth.

Owning a home also qualifies you for tax breaks that assist you in dealing with your new financial responsibilities like insurance, real estate taxes, and upkeep which can be substantial. But given the freedom, stability, and security of owning your own home they are worth it.

For more information, please consult your financial advisor and Realtor for a good comparison of the advantages and disadvantages of owning vs. renting.

Seaview Title Company, LLC …

Small Town Friendly … World-Class Service … Closings Made Easy!

Can I Pay Off My Loan Ahead Of Schedule?

 

Usually, Yes. As the guy in the video says, by sending in extra money each month or making an extra payment at the end of the year you can accelerate the process of paying off the loan.

When you send extra money, be sure to indicate that the excess payment is to be applied to the principal and keep records.

Remember that payment applied to loan principal is not tax-deductible. Most lenders allow loan prepayment, but some loans may have prepayment penalties.

Ask your lender for details.

How Can I Find Out About Schools & Community Resources?

 

Your Realtor often is the best source of information about the community in which you plan to buy.

As well, your local Chamber of Commerce will have promotional literature which includes: welcome kits, maps, and other information.

You can get information about school systems by contacting the city or county school board or the local schools.

You may also want to visit the local library. It can be an excellent source for information on local events and resources and the librarians will probably be able to answer many of the questions you have.

After closing, we will send you an email with coupons and discounts on local vendors who we recommend you patronize.

At Seaview Title, we believe in “Closings Made Easy!”

What Are “Home Warranties”, And Should I Consider Them?

 

Your Realtor may recommend a Home Warranty for your home, and it’s often a good investment for an older home especially.

Home warranties offer you protection for a specific period of time, such as one year, against potentially costly problems like unexpected repairs on appliances or home systems which are not covered by homeowner’s insurance.

Warranties are becoming more popular because they offer protection during the time immediately following the purchase of a home a time when many people find themselves cash-strapped.

It’s important to note that some home warranties have many exceptions, and are not quick to replace appliances, unless specifically noted in the warranty policy.

It’s a good idea to read the warranty coverage carefully before choosing which policy to purchase.

At Seaview Title, our aim is to help educate you on all aspects of home ownership, and we work in tandem with your Realtor and Lender to provide valuable advice and information throughout the home buying and selling process.

What Is RESPA?

 

RESPA stands for the Federal Real Estate Settlement Procedures Act. This video tells you about it all.

RESPA requires lenders to disclose information to potential customers throughout the mortgage process. By doing so, it protects borrowers from abuses by lending institutions.

RESPA mandates that lenders fully inform borrowers about all closing costs, lender servicing and escrow account practices and business relationships between closing service providers and other parties to the transaction.

RESPA also protects consumers against unfair business practices.

At Seaview Title, we believe in consumer choice and full disclosure!

We welcome questions about our fees, all of which are disclosed on our website, and will be shown on your preliminary closing statement.

We think you should consider your Realtor’s and Lender’s recommendations when choosing a title agent because they have the experience to know which companies do a great job.

But in the end, it’s always your choice! We invite you to compare us to our competitors.

For more information on RESPA, visit HUD.GOV.

Seaview Title … Closings Made Easy!

How Do I Set The Price On My House?

 

The aim of this video is to help you get the best price AND terms in your market during the period you’re selling.

Market conditions, interest rates, and competition all matter.

The price you want, and the price a buyer will pay are framed by those complex conditions So pricing isn’t completely predictable.

Other factors include:

  • How your home compares to other homes for the same buyers
  • The inventory of homes and the level of buyer demand

Your needs also affect negotiations – for example, if you must sell quickly – but the final price will be determined by the market not by your needs.

Buyers look at the same comparables and market conditions and they want to pay as little as possible while meeting their needs.

Remember that the price isn’t the entire deal – repairs, closing, points, appliances and other factors can all change the value you finally receive. Listen to your broker, stay informed, be patient if you can and make your best reasonable, unemotional decisions.

We at Seaview Title wish you all the best on the sale of your home.

Remember, through our affiliated law firm we can handle your side of the sales transaction as a seller— from contract preparation through closing. As well, if you are selling without a Realtor, we can assist you with your contract and negotiations.

Also, sellers keep in mind at the beginning, it may be advantageous for you to offer to pay the buyer’s title insurance, and have them pay the transfer tax. It’s cheaper for you to do so, and you would get to choose the Closing Agent.

Call us and we can walk you and your Realtor through the process of negotiating this, and other terms in any counter-offer.

Seaview Title … Closings Made Easy!

How Do I Choose The Right Lender For Me?

 

There are some great tips in this video. Choose your lender carefully. Look for financial stability and a reputation for customer satisfaction.

Be sure to choose a company that gives helpful advice and that makes you feel comfortable.

A lender that has the authority to approve and process your loan locally is preferable since it will be easier for you to monitor the status of your application and ask questions. Plus, it’s beneficial when the lender knows home values and conditions in the local area.

Do your research, and ask family and friends.

We work with a number of great lenders at Seaview Title and would be happy to make several recommendations.

How Can I Determine My Housing Needs Before I Begin The Search?

 

Your home should fit the way you live, with spaces and features that appeal to the whole family.

Before you begin looking at homes make a list of your priorities – things like location and size.

  • Should the house be close to certain schools? your job? to public transportation?
  • How large should the house be?
  • What type of lot do you prefer?
  • What kinds of amenities are you looking for?

Establish a set of minimum requirements and a ‘wish list.” Minimum requirements are things that a house must have for you to consider it while a “wish list” covers things that you’d like to have but that aren’t essential.

At Seaview Title, we can’t wait to help you make your dreams come true!

Closings Made Easy!