Posts with tag 'For sellers'

If you're thinking about selling your home soon, you'll definitely want to keep the millennial homebuyer in mind. Although this generation wasn't a major player in the real estate market in past years, research shows that there's been an uptick in millennials buying their first homes. 

Our REALTORS® have recently helped many millennials find the perfect Beavercreek homes for sale. What we've noticed is that the features that are important to these homebuyers are different than what other generations were looking for. Before you make any changes or upgrades to your home, take a look at these five desirable features, and three you really should skip. 

1. A Nice-Sized Yard
   If you're thinking about a home addition that creeps into yard space, you might want to reconsider. Surprisingly enough, the number one feature millennials want in a home is a nice-sized yard. Having enough room to add a garden and plenty of space for future kids to play were some of the reasons cited in research surveys. Millennials in general value the lifestyle that having outdoor space affords them. They also realize that you can always update the interior of a home, but you're stuck with your yard for life.

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Buying a new home when you own another one with a mortgage can be a complicated situation. Most lenders won't qualify you for a new loan until you have sold your current home. Unless you're comfortable with moving into a temporary living situation, you'll need a bridge loan. Our REALTORS® are happy to explain what bridge loans are, how they work, and why they're an attractive option for homeowners who are in fixed situations.

What is a Bridge Loan?

It's all in the name. A bridge loan is a type of financing that is meant to bridge the gap between closing on a new home and selling an existing home. Also called "gap financing" or a "wrap," bridge loans enable individuals to address current needs before securing a mortgage or long-term loan. Bridge loans are usually short-term and can be arranged with little documentation. If you urgently need to buy a new home but are still saddled with your current one, you can facilitate the purchase with a bridge loan. In this case, your existing property becomes the collateral for the loan.

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When you're selling your home, you're probably overwhelmed with just how much work goes into it between listing and closing. However, one area that our REALTORS® insist that you shouldn't neglect is your seller disclosure form. There are few things that can scuttle a sale quicker than a missing or inaccurate disclosure form, and failure to disclose everything required by law can come back to haunt you even if you complete the sale.

The Importance Of Full Disclosure

When adding your property to the inventory of Beavercreek homes for sale, you should take the first available opportunity to prepare your disclosure form. Virtually every home has something that must be disclosed to potential buyers. This not only ensures fair negotiation of the price but also provides transparency on the motivations behind the sale. The form protects not only the interests of the buyer but also the seller. The form will need to be signed by the buyer so they will not have grounds to pursue legal action based on any pre-existing condition of the property that is disclosed.

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It isn't only the color of the leaves that changes when fall's chilly fingers spread across the region. If you plan to promote your property as the best of the best among Beavercreek homes for sale this autumn, you'll need to change your maintenance plan to match the season. As the weather cools down and the leaves start to fall, the following are steps that will help your property stand out:

• Take Summer Photos
  Add summer photos to the listing to show prospective buyers how the landscape looks when grass, flowers, and trees are at their best and brightest.

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Our REALTORS® know today's buyers want a move-in ready home. That means major repairs or updates can be a deal-breaker or cause your home to sell for less than it should. If your home is in need of updates to any of these things, before you sell is the time to do it.

1. Roof. An aging or failing roof will strike fear in the hearts of buyers. Everyone knows that water damage can cause big headaches and thousands of dollars of damage. It can even mean that there is water damage, mold, or rot that can't be easily seen or detected. Replacing a roof is considered home maintenance so neglecting it can have an effect on how buyers perceive your home.

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