Buying and selling real estate is a complex matter. At first it might seem that by checking local picture books or online sites you could quickly find the right home at the right price.

But a basic rule in real estate is that all properties are unique. No two properties – even two identical models on the same street – are precisely and exactly alike. Homes differ and so do contract terms, financing options, inspection requirements and closing costs. Also, no two transactions are alike.

In this maze of forms, financing, inspections, marketing, pricing and negotiating, it makes sense to work with professionals who know the community and much more. Those professionals are the local REALTORS® who serve your area.

How Do You Choose a REALTOR®?

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While it may be acceptable to snap up a pair of shoes on an impulse, buying a home requires thoughtful planning and decision making.

Whether you’re becoming a homeowner for the first time or you’re a repeat buyer, buying a home is a financial and emotional decision that requires the experience and support of a team of reliable professionals including a Realtor, a lender, a lawyer and a range of other individuals.

Why Do You Want to Buy?

The emotional part of the decision comes into play when you think about why you want to move. If you’re a first-time buyer, you need stability in your career and the desire to commit to living in the same community for five to seven years. You should want to establish roots in a neighborhood and look forward to decorating as you please without requiring a landlord’s permission.

Purchasing a home is a lifestyle choice that requires you to think about how you like to spend your time and the type of community where you want to live, such as a rural area without nearby neighbors, a highrise building in a city or a home within a planned community with recreational amenities. The more you understand your priorities for a home, the easier it will be for you to narrow your real estate decisions.

Homeownership can also be a powerful way to increase your personal wealth for you and your family, since you’ll be building equity in your home as you pay off your mortgage.

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Selling a vacant home has some benefits: you don’t have to negotiate move out versus move in dates, for example.

But there are also challenges.

When prospective home buyers view photographs of vacant homes in their internet search, it’s hard for them to get a sense of room sizes, how the room is used, and the actual layout of the home.

The buyer also may have these questions about why the home is vacant:

Those questions and others mean many vacant properties are passed over by buyers. You may have a perfectly valid reason for moving that has nothing to do with your on-the-market house—for example, a job change—but buyers don’t know that.

Even if a vacant home snags a few visitors, buyers often make higher offers on properties that are furnished and occupied. Buyers entering an unfurnished home struggle to imagine their own furnishings within the space of the rooms.

They also will assume if a property is vacant, the seller is desperate.

But there are these staging solutions for a vacant home on the market.

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Timing really is everything when it comes to home sales. Getting your asking price, and even attracting multiple buyers, can simply be a factor of the time of year when the home is sold.

Spring brings rain and flowers—and possibly extra green in the final sales price of your home. Families like to move during the summer when there’s a break in the school calendar so they don’t have to pull their children from class, and so they are well-settled before the new school year. Plus, it’s often easier to move in the warm spring and summer months than during winter snows.

REALTORS® say 50% of homes are sold during the summer.

Maybe your employer notified you of a job relocation in the fall and you missed the peak selling season for your home. Don’t despair. If you are selling your home in the fall, you can stage your open house with the warmth of the turning season to add to the appeal. Accentuating your landscaping with seasonal decorations, such as pumpkins and gourds, will appeal to the potential homebuyers.

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8 Costly Home Seller Mistakes

Wednesday, May 21st, 2014

Homeowners who want to sell their home know they need to get the place spruced up for marketing, but a tougher challenge for some sellers is to get mentally prepared for putting their residence on the market.

After all, if you’ve been happily living in your home for years, it can be emotionally hard to detach yourself from your memories and look at the place as a commodity you’re selling.

For a smoother sales transaction that garners the most possible profit from your sale, avoid these common, yet costly, seller mistakes:

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7 Tips To Make Packing Easier

Monday, May 5th, 2014

You’re ready to make a move, but your stuff is staring you in the face, silently mocking you. Packing up all your belongings is a daunting task, but there are ways to make your packing experience just a little easier. These seven easy tips will get you ready to pack with a vengeance.

Packing Tip #1: Don’t procrastinate. This seems simple enough, but getting started can be difficult. A few weeks prior to your move, start packing several boxes a day. Begin with items that are least essential to your daily life. If you pace yourself, you will be more organized and the job won’t be so overwhelming.

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You find a great apartment online, call to schedule a showing, only to find out the apartment was just rented. So you head out on the road, find another rental, take a tour and fall in love with the place. But when you call back the next day to say you’ll take it, you find out it was rented on the spot to someone else.

If you live in a fast-paced rental market, apartment hunting always seems to go like this for you—but it doesn’t have to.

You can find a great rental for a great price and sign the lease if you understand how to work with the market.

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When you have found a home you want to buy and submitted a purchase offer to the sellers or the sellers’ agent, the sellers have the right to accept it or make a counteroffer.

The likelihood of your receiving a counteroffer depends on several factors, including whether your local market is skewed in favor of buyers or sellers, how long the home has been on the market, how eager the sellers are to move, and whether your offer comes close to the sellers’ expectations.

Typically, a counteroffer will include a higher price and/or a larger earnest money deposit, a different closing date, a change in the contingencies or the timing of the contingencies, or an exclusion of specific fees. You can accept it, reject it, or make a counteroffer in return.

A counteroffer will always include an expiration date. If you don’t respond by the seller’s expiration date, the offer is void and the seller can accept an offer from someone else.

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If you’ve narrowed down your choice of a home to one, you may be eager to make an offer and get negotiations started. If you’re buying in a tight market where sellers have the upper hand you may even feel pressured to put in an offer the moment you see a house.

But, before you write that check for your earnest money deposit, you should take a little time to investigate the house and the neighborhood so you have a better idea of what you’re buying.

Your REALTOR® can be a valuable resource in gathering information for you and getting the answers to your questions from the seller’s agent. In the meantime, you can be proactive and do some of your own research.

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Homeowners who decide they’re ready to become move-up buyers face a chicken-or-egg dilemma: Should they sell their current home first and then buy another, or buy a new one and then sell? The answer depends on several factors, including your local market conditions, your financing options and your feelings about potentially moving twice if you sell your home before your next residence is available.

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