#Home Selling Process

[brianwilder]

From Sold to New: Planning Your Next Steps After Selling Your Home

If you're thinking about selling your house and moving, you’ve probably noticed the shortage of available homes. Here’s some good news: this year, the supply of homes for sale—including newly built ones has increased in many markets.

So, how do you decide between buying an existing home or a brand-new one? It all comes down to what matters most to you.

Benefits of Buying a Newly Built Home

Here’s why opting for a newly built home might be the right choice for you:

Everything’s Brand New: Enjoy fresh appliances and materials that have never been used before.

Energy Efficiency: Take advantage of modern, energy-efficient options to save money and reduce your environmental impact.

Fewer Repairs: New homes typically require less maintenance and come with builder warranties for added peace of mind.

Builder Concessions: Builders often offer incentives and are more open to negotiations to close a sale, which can improve affordability.

Many builders are currently focusing on selling their existing inventory before starting new projects. As a result, they’re offering concessions and being more flexible in negotiations. Additionally, since many builders are focusing on smaller, more affordable homes, you might find that the median price for a newly built home is actually lower than that of an existing home—a rare scenario in today’s market. As Ralph McLaughlin, Senior Economist at Realtor.com, explains:

“Homebuyers who are looking for that ‘new-home smell’ may be in a relatively friendlier market than times past when new homes were considerably more expensive than used ones.” 

Perks of Buying an Existing Home

Let’s weigh the benefits of purchasing an existing home:

Established Neighborhoods: Move into a neighborhood with an established vibe and get a feel for the area before committing.

Variety of Styles: Choose from a wide range of floorplans and architectural styles that may not be available in new constructions.

Lived-In Charm: Enjoy the unique character and charm that only an older home can offer.

Mature Landscaping: Benefit from the privacy and curb appeal of mature trees and well-developed landscaping.

In addition to these lifestyle advantages, buying an existing home offers strategic value. You can always upgrade the property over time to incorporate the latest features, giving you the charm of an older home with the benefits of modern elements. This approach not only provides you with the best of both worlds but can also increase the home's value. As LendingTree highlights:

“they can personalize it and possibly increase its potential resale value with cosmetic upgrades . . . Plus, if a home comes with physical details or stories that add charm, in some cases, these elements are attractive enough to add to a home’s resale value”

Interested in exploring your options? Reach out to your real estate agent to view the available homes in your area and find one that suits your needs.

Bottom Line

There are a lot of factors that go into deciding whether to buy an existing home or a newly built one after you sell, but it’s essential in today’s market to understand the opportunities you can find in both. Let’s connect so you have expert guidance as you explore the options in our area.

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[collettemcdonald-property]

Relocation - Listing Your Home

Brought to you by eXp Realty, LLC, Office: 888-959-9461 & Collette McDonald, Direct: 770-500-8400. For more information or to contact us, please visit us at: http://www.collettemcdonald.com/

[365frederick]

How to Sell A Home: Essential Step-by-Step Guide to Success

Selling a home is a significant undertaking, one that involves numerous steps and decisions along the way. It’s a process that can be both exciting and daunting, especially if you’re unsure of where to begin. Just like any journey, having a clear roadmap of how to sell a home can make all the difference in ensuring a successful and smooth transition from homeowner to seller. … Navigating the…

[jollycryptid]

My student visa got approved!! I GET TO SEE MY FAMILY AGAIN!!!

[thebirdandhersong]

Lol. Lol. Lol.

[cosmikirby]

Happy Mad Rat Monday!!!❤️🐀🎩‼️‼️

This week i drew the official pin designs for good luck in actually trying to buy them🎉🎉 (and because I've always wanted to redraw them anyway haha)

[queerdraws]

I'M IN LOVE WITH YOUR ART, will you ever sell the last ones for the playlist in pdf or something like that? I'm from Brazil so is easy for me in those formats, and i would love to buy one. ❤💚❤💚

Thank youuu!! pdf? like I sell the fullsize image digitally & you'd print them off yourself? I hadn't thought abt that! I'd still need to redraw them at a larger size for print tho Here's the current sizing issue:

I genuinely wasn't expecting people to want merch lmaoo, I'm just drawing for my own sake (these were a fun lil side project) But esp since this is the third time someone's asked abt merch of these, I'm considering it! (gonna use these to fund my vitamin d tablet & multivitamin supply 😏) 🥲 i'm really glad my art is resonating w people so much ❤️

I know it's less of a "thing" these days but as w any of my art, u (and all my followers) have my permission to print out the tiny versions i've posted to tumblr [just for personal use, not for profit] & put them up on your wall or w/e. like those old-school anime collages.

If I do ever make a better print-size version, and u still want it, u can always buy it whenever that happens :)

[trashbaget]

tell me your failed/embarrassing flirting stories to make me feel better, i’ll go first: today i said “get out of my way” forgot to say “i’m kidding” then immediately said “bye”

[applejarjar]

Shitstorm of a day

[alloutshirt]

disclaimer : this is a personal life vent look away

shouldn’t be sharing this but i need to take it off my brain (wow reading it back it really sounds like i lost my mind but unfortunately it’s all true and not all of it fits in 30 tags lmaooo)

[askshivanulegacy]

There's a certain chaotic texture to AI art that really makes you stop and wonder about it. The incoherency is striking: sharply defined, intricate but oddly obscure random details next to smudged streaks next to pixelated nonsense. Features you remember being clearly delineated in concept art just a year ago fading into the sky as if the artist was unable to cap a structure with a simple line. Textured, Renaissance "paint" that supposedly shows incredible complexity in the details, but you look close and you can't tell what those details actually ARE. The architecture and designs aren't symmetric. The angels in the alcoves are a certain kind of ambiguous suggestion. In the lazier examples, you have copy-paste intriguing towers of buildings that are really just Cthulian nightmares with zero actual structure.

You remember that lines aren't actually hard and real concept art is readable.

You realize that the artist could have painted over the entirety of the AI, at minimum, to develop a full artwork, and just didn't, leaving the chaos in plain sight.

You realize that the entire artwork doesn't belong to or originate with the artist. The composition, lighting, and feel isn't theirs.

The composition. Good God. Isn't that the first fundamental?

They don't confess to using AI, and you also realize that there's nothing stopping you from taking and using the same way because it's really just free-for-all, free-for-use anyway. It isn't THEIRS. It might as well be equally yours. What credit is due? None at all.

[asherbrien]

How Is The Selling Process Different With A Cash Offer?

The selling process for a home differs significantly when a cash offer is involved, compared to traditional financed purchases. Here are the key distinctions:

Initial Offer and Acceptance

In a cash transaction, the buyer presents an offer stating they intend to purchase the home without the need for mortgage financing. This often makes the offer more attractive to sellers due to the speed and certainty it brings. Once the offer is accepted, the process moves forward quickly since there are fewer contingencies and less paperwork involved.

Simplified Paperwork

Cash offers entail less paperwork than financed purchases. There are no mortgage applications, lender disclosures, or financing contingencies to manage. This streamlined paperwork process reduces the administrative burden and speeds up the transaction significantly.

No Financing Contingencies

Traditional home sales often include financing contingencies, which allow the buyer to back out if they cannot secure a mortgage. With cash offers, this contingency is eliminated, reducing the risk of the sale falling through. This certainty can be a major advantage for sellers, particularly those who need to sell quickly.

Faster Closing Process

Without the need to wait for mortgage approval, the closing process for cash sales is much quicker. While a financed purchase can take 30-60 days to close, cash transactions can often be completed in as little as one to two weeks. This expedited timeline is especially beneficial for sellers in a hurry to move or who are facing financial pressures.

No Appraisal Requirement

In a financed purchase, the lender requires an appraisal to ensure the home is worth the loan amount. If the appraisal is lower than the agreed price, it can complicate the sale. Cash buyers typically do not require an appraisal, which eliminates this potential hurdle and simplifies the transaction.

Fewer Inspections and Contingencies

Cash buyers are often willing to waive certain inspections and contingencies, further speeding up the process. While it is still common for buyers to conduct a home inspection, they may be more willing to accept the property “as-is,” meaning the seller is not obligated to make repairs or adjustments.

Title and Escrow Process

The title and escrow process is more straightforward in a cash sale. The title company conducts a title search to ensure there are no liens or legal issues with the property. Once the title is clear, and both parties have fulfilled their obligations, the sale can close. The escrow process, which involves holding funds and documents until all conditions are met, is typically quicker since there are fewer contingencies.

Reduced Costs

Without the need for a mortgage, there are no lender fees, mortgage insurance, or other financing-related costs. This can reduce the overall closing costs for both the buyer and the seller. Sellers may also save on holding costs, such as property taxes, utilities, and maintenance, by completing the sale more quickly.

Conclusion

Selling your house for a cash offer simplifies and expedites the process significantly compared to traditional financed transactions. With fewer contingencies, no need for mortgage approval, and a faster closing timeline, cash offers provide sellers with a level of certainty and efficiency that is highly desirable. Understanding these differences allows sellers to appreciate the advantages of cash offers and make informed decisions that align with their selling goals and timelines.

[maresident]

Home Buyers: Navigating the New Landscape for Home Buyers: What You Need to Know

Starting August 17, 2024, home buyers will encounter some significant changes in how they work with realtors. Here’s a guide to help you understand what to expect and how to navigate this new landscape effectively. Since this is an evolving change, you will have to ask many questions of your Realtor. Buyer Agreements and Realtor Compensation Gone are the days of just clicking the “Request A…

[top10estateagentsuk]

How to Sell a House in Birmingham - 15 Steps

[lovingazhomes]

The Phoenix Report

The Phoenix Report For May 30 through June 2, 2024 Tina Marie Miller, REALTOR May 28, 2024 This week in The Phoenix Report for  May 27th through June 2nd, 2024            Diamondback Baseball Schedule The Phoenix Report would like to congratulate: Ketel Marte, with 10 home runs and 58 hits! Smash away, Christian Walker, with 33 RBI’s and a batting average of 0.226! Yeah, I’m really a Cubbies…

[givemaycoffee]

Guess who slept almost 9 hours and has literally nothing planned for the day but a dinner date with J in the evening 😌

Ch’girl is gonna relaaaax