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How To Sell A House Fast

Only in a perfect world you could put a house on the market, attract a buyer and then sell it for top dollar in less than a day. Everyone wants to sell a house fast! But especially today, that’s not always so easy. First, it is hard to determine if it is a buyer’s or sellers market. It is kind of a mix and it all depends on the property. In a buyers market, you will have to make sure that your house is in its best condition and has nothing that would ale buyer upset. In the seller market, you can slack a little because there would be more than one buyer for the house willing to pay more.

To Sell A House Fast, You Have To Keep the emotions out of the picture, it’s strictly business

Many experts agree that the first step to sell a house fast is to detach yourself from the place. Let go of any attachments you might have to your home. Think of it as “this house” instead of “my home,” to help establish it as an object. It can be easy to reminisce and bring up old memories, especially if it is your first home you are looking to sell. The further along you are in the process of selling, the less room emotions should have to influence your decisions. Take a run around the house, spending a few moments in each room, enjoying the memories you have. And then, make a resolution that you are going to look forward and think about the new memories you are going to make in your new home.

Clean, Make It Shine and Stage!

Then, clean up the place! You will want to make sure that the floors are all swept and vacuumed, the windows are washed, and those pesky dust mites are all cleaned out from on top of and under the furniture. Bring down any cobwebs and make sure that your rooms (especially the lesser used ones) are all smelling fresh. Make sure to clean up any spills or stains on the carpets. Replace or get rid of any stained or damaged rugs, and dust any furniture that might need it. In the bathroom, take some time to shine the faucets and fixtures, clean or replace mildewy shower curtains or doors, and throw up some fresh, nicely folded towels so that the place looks inviting. Remember, in order to sell a house fast, you have to present it in the best possible way!

Declutter and Organize

Take this opportunity to reduce some of the stuff cluttering up the house. If you want to sell a house fast, you have got to make sure it sparkles! When you move, you are going to have to go through everything anyway, so you might as well get a jump start. You can reorganize the closets to make them less stuffed, getting rid of old clothes that you dont wear or that doesnt fit any longer. And tidy up that pile of shoes, too! When prospective buyers come inside, they will take a look inside cabinets and closets, and you dont want any negative associations going along with what they see. In the kitchen and bathroom, you can arrange the cabinets so that things look nicer, too, with plates and cups stacked and organized, and pill bottles and lotions all facing the same direction.

Get rid of Personal Stuff

Go ahead and start packing up books and trinkets you might have situated on bookcases and shelves. Take down any personal items like family portraits or pictures so that buyers arent looking at them instead of imagining their own things in this house. Who wants a buyer to be studying photos of your old aunts and uncles when they could be imagining how great it would be to decorate the place with their own things? Also, a good rule of thumb is to remove any personal religious items, it keeps your home for sale neutral and much more appealing to potential buyers of other religions.

Become a Minimalist

Lots of real estate agents agree that houses with fewer pieces of furniture crowding the place sell faster. And you want to sell a house fast! So, one thing you can do is get a storage unit. Take out any furniture that makes moving around the house less easy. That way, your buyer can focus on the house itself and not on what you have in it.

Besides, you will want to take out any pieces of furniture that you might want to take with you. There have been times where sellers have suffered from keeping items around during showings. If you leave items you plan on taking with you, whether it is a light fixture, an appliance, or even a window shade, during a buyer visit that buyer might assume it comes with the house. Then, when you have to say that you are taking it with you, the buyer might still want it, and it could hurt your prospects for selling. Make sure you are clear on what goes and what stays with the house.

Do a Pre-Listing Inspection

Definitely use the time before buyers come to make any repairs or tackle any fixer-upper opportunities that you are aware of. While it might take a little out-of-pocket money and effort to get taken care of, it will ultimately be cheaper than having a buyer ask for money off the asking price if they have to do it themselves. Switch out any down-and-out lightbulbs, and do a little maintenance to faucets and fixtures. Any stuck doors or holes in the wall? Take care of them before rather than pay for them after. Get a pre-listing home inspection done which will help you identify the items that need to be take care of.

Curb Appeal

One last step is to go outside and take a look at the house from the street. First impressions can be fateful, and you certainly want your buyers to have every opportunity to fall in love with your house at first sight. Try to think about what a stranger would think when seeing this place for the first time. Make sure plants and flowers and inviting and well-kept. Cut the grass if it needs it. Sweep the sidewalk. Power wash the exterior is needed.

Hire a Real Estate Agent

Although you can try and tackle it on your own, having a dedicated real estate agent on your team might save you time and money. Have an agent come look at your house and make a list of suggestions prior to making any repairs and getting it ready for sale. Real estate agents work with buyers all the time and know what they are looking for. Don’t be shy, ask for all the help you can get, after all agents get paid only when they sell it.

Buy vs Rent: 5 Signs Why You Should Keep Renting

Does Renting a Home Make More Sense For You?

A lot of us generally agree that buying a home makes more sense than renting a home but not always. There are a number of a occasions when renting makes more sense.


Cost is one of the biggest factors. Read this article that was written by chief economist at Trulia, it talks a lot about how buying a home is cheaper than renting and it should help you make a better and more informed decision

Job Security

If you’re not certain about your job and/or source of income – don’t buy a house. If your company is in the process of downsizing, you should think about the rather unfortunate possibility of you being laid off. If that were to happen, how difficult would it be to find another job, and one comparable to what you have now? And you can’t just think about job security, either. Sometimes positions with companies will force you to move to different parts of a state, and sometimes even the country. Is there a possibility that you will have to relocate? If so, you might want to hold off on buying a home.


Having a high debt ratio of 45 percent or more can mean that you might not qualify for a good loan and will have to pay a higher interest rate. If you have a lot of debts (credit cards, student loans, etc.) then it may be wise to check with lenders first to see if you would even be eligible for a loan that you could afford. Waiting a little bit and paying down your debts is always a good idea.


Maybe you don’t like the idea of having to keep up with things like mowing the grass or dealing with leaky pipes. Certainly, with renting these things are much less of a nuisance because of the fact that your landlord is the one who has to deal with them. If you own a home, those responsibilities fall on your shoulders. Not everyone knows how to fix those kinds of things themselves, or have a desire to tend to the upkeep of lawns and washed windows. And it can be costly to have an outside service come in to take care of things for you. Neither lawn nor repair services are cheap. Think about buying a home twice before making a move.

Credit Score

Finally, one of the big determining factors can be your credit score. A FICO score of about 620 and up is what’s needed if you’re going to be getting a decent interest rate for your mortgage. Anything below that and you’re looking at raised rates and high monthly payments, which is not what you want. If you happen to be below that score, you run the risk of having to pay a higher interest rate. Talk to a couple lenders that will advise you on what to do.

Determining whether or not you should buy a home or rent a home instead can be a difficult decision. On the one hand, owning a home may seem like something you want to do. On the other, owning your own place can have some serious drawbacks if you don’t have good enough credit or you’re uneasy with the thought of having to deal with some potentially major maintenance issues yourself. Ultimately, it’s important to take a moment and think about the pros and cons of buying a home. Don’t hesitate to call an experienced Realtor to discuss your options. If you do that, you’ll make a better informed decision that is right for you.

Why Buying A Home Makes Sense

Buying a home can feel overwhelming and stressful. After all, it’s a much larger investment than purchasing a new flat screen TV or an automobile. It is absolutely normal to have reservations and second thoughts when buying a home, especially if you are a first-time homebuyer. It can get even more overwhelming if you have friends and family offering you piece of advice left and right. Buying a home is a huge step in your life and a pretty serious commitment. The more you understand about the benefits of being a homeowner, the less you’ll have to feel intimidated about it. It is important you have a trusted real estate agent to help you buy a home. An experienced Realtor will guide you through home buying process and will offer a sound piece of advice.

Pride Of Homeownership When Buying A Home

One of the biggest reasons people want to buy a home is the feeling of accomplishment and pride that homeownership can bring. Buying a home means that you can decorate it how you’ve always wanted and bring all of your interior design ideas to life. You can literary do anything as long as local building codes permit…choose your own colors, build additions, and remodel a home entirely at your discretion. In your own home, you can enjoy things that you can’t when you rent an apartment. Owning a home also offers a feeling of permanence, stability, and the sense that you’re investing in your family’s future.

Build Long-Term Wealth

When buying a home, you will find yourself reading a lot more about real estate market than you normally would. The Office of Federal Housing Finance Agency monitors home values. Using its House Price Index, it keeps track of the changes not only on a national level but also by state and metro areas. Everyone knows that the housing market can be a roller coaster ride, especially looking at what we’ve experienced in the past 10 years. It is easy to get side tracked by all the media attention that house market gets but it is important to keep in mind that real estate is cyclical and even if market is down now, it will eventually go up again. Take a look at US House Price Index Report prepared by FHFA.

A lot of the home owners lost up to 40% of equity in some areas of the country when we went through the recent housing market crash in 2008 but in 2012 values started to slowly rise and by 2014 values have bounced to almost the same levels as prior to market crash. Homeowners that panicked and decided to sell their homes when market was down, lost their equity and took a financial hit. But homeowners that waited and ignored temporary market conditions gained their equity back. If you look at real estate prices history over a long period of time, the data suggests that real estate has maintained an upward climb. And with the prospect of inflation, people who buy a home have less of a chance of being affected as much as those that rent. Take a look at this graph showing price index change between 1991 and 2014

Enjoy Tax Benefits

Tax Deductible Interest

Buying a home might mean more tax benefits for you. Interest portion of your mortgage payments is tax deductible. You will get a Form 1098 IRS from your lender at the end of the year with a total amount of interest that you paid throughout the year. Just like any other loan payment, your mortgage payment consists of interest and principal. At the beginning of your loan interest portion is significantly higher than principal, especially if you took out a 30 year loan with minimal down payment so getting some of that money back can be a great relief when tax season comes around.

Tax Deductible Property Taxes

Also, your property taxes paid are also tax deductible which increase your tax return even more. You can look at Publication 530 from the Internal Revenue Service to check out more valuable information for first-time homebuyers.

Avoid Paying Capital Gains Tax

For those people who’ve lived in their homes for three of the previous five years, they can be exempted from up to $250,000 for an individual (or $500,000 for married couples) of profitable income from capital gains (check with IRS as numbers might have changed). No age restrictions apply, nor are there any guidelines stating that you have to be over a certain age. Also, buying a replacement home is not necessary. These exclusions are available to individuals (or couples) every three years. That means that you could sell a home every three years and enjoy capital gains (which can be subject to certain limitations) without having to pay taxes on it. Buy a home again, improve it and sell in a few years if you gained additional equity. There are tons of people doing it and you could be one of them.

Build Equity

As we discussed earlier, when buying a home you make your mortgage payment each month, part of that amount is put towards the principal balance of your loan. This reduces your loan obligation and builds equity. When your payments are amortized, part of those payments are increased each month so that the earliest payments are smallest and then the later payments are larger, increasing bit by bit each month (Check out amortization schedule calculator to see se how it works).

Buying A Home Might Give You More Borrowing Power

Although borrowing against your home is probably not the best idea and should be the last resort but it is a great borrowing tool in case you have an emergency and need cash or maybe need starting capital for a business that you always wanted to open. Equity loans carry deductible interest, which can be a major benefit compared to credit cards, which can often carry 17% to 23% interest rates. Home equity loans have significantly lower interest rates and much better terms. And again, that interest is tax deductible. Some homeowners choose to use their home equity to borrow money for a wide range of things, including (but not limited to) paying off credit card debt, making improvements to their house, or funding additional education. That type of loan you wouldn’t be able to get without owning a home. This is just another great reason why buying a home makes sense!

Buy a Home To Generate Cash Flow

Of course, not everyone wants to be a landlord but after buying a home wouldn’t you think that you would be a subject expert when it comes to home maintenance? You will learn all there is to it about home ownership so why not keep buying property for rental purposes to build more wealth? You don’t have to be an active landlord and don’t have to be a property manager. There are tons of property managers out there that will gladly take over your landlord duties for a very a small and affordable fee. Think about it!

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