Jeanne Little |


Selling a home takes patience. Especially when you’re balancing your time between settling into your new home, and keeping up with your work and family life. So, when you’ve finally gotten to the point of accepting an offer on your home, you’ll probably breathe a sigh of relief--and you should!  However, there are still a few more things that will need to happen and a couple of things to consider before closing the deal on your home sale.

Contingencies on the purchase contract

A purchase contract typically includes contingency clauses that are designed to protect the interests of both the buyer and the seller. These clauses mean that the contract is contingent upon the actions being completed before it can be legally valid.

There are three main contingencies that will likely be included in the purchase contract before closing--inspection, financing, and appraisal.

Inspection contingency

The inspection contingency allows the buyer to have the home inspected by a professional before closing (the time should be specified within the contract, but the inspection should usually occur no more than two weeks after you accept the offer). A home inspection lets the buyer know what to expect in terms of repairs that the home needs now or will need in the near future.

Financing contingency

Since the vast majority of buyers will be purchasing their home through a loan, a financing contingency is included to allow the buyer time to secure their mortgage. Getting pre-qualified and pre-approved makes this process easier, but the buyer will still have to finalize and close on their mortgage before their financing is official.

This clause exists to protect the buyer in the event that their mortgage application is denied, ensuring that they aren’t penalized.

Appraisal contingency

The third contingency most often found in purchase contracts is a home appraisal. The buyer will order an appraisal and then the appraiser will reach out to you to find a day to come and value your home.

If the home is then appraised at the amount agreed upon in your contract, this contingency is met. However, if the appraisal comes up lower than the purchase amount, the buyer can renegotiate the price.

Walkthrough and closing

Once the appraisal and inspection have been met and financing secured, the buyer will have a chance to do a final walkthrough of your home. The walkthrough usually occurs no more than two days prior to closing on the sale. A walkthrough allows the buyer view the home one last time to ensure that the condition of the home hasn’t drastically changed since the home was inspected or appraised. So, make sure the buyer is aware of any changes you planned to make to the home before closing.

Now you’re ready to close on your home sale. You’ll receive a disclosure form to review (read it carefully!) and sign. Once closing is complete, ownership of the home is officially transferred to the buyer.

While the closing process does include several steps, it’s important to be available and cooperative along the way to ensure a smooth sale and transition into your new home.



Rome was not built in the day, and much in the same vein, buying a home may prove to be an exhausting yet rewarding process.

Ultimately, buying a house can be a lot of work. A typical homebuyer may need to commit substantial time and resources to browse the housing market, set up home showings and submit offers on residences. Therefore, homebuyers may experience many ups and downs as the homebuying process moves forward.

What are some of the most common feelings that homebuyers may experience? Here's a closer look at three feelings that you might experience as you search for your dream home.

1. Excitement

Entering the housing market is a time of change, leading to unparalleled excitement.

When you begin your search for the perfect home, you'll likely start with a clean slate. You may be able to move to any city or town in the United States. Or, you can move close to family members and friends. You can even live on your own or with family members and friends.

The possibilities are endless when you start your home search. And with a real estate agent at your disposal, you'll be able to maintain your excitement throughout the homebuying journey.

Your real estate agent will keep you up to date about new homes as they become available. He or she also will learn about your homebuying needs and enable you to narrow your search accordingly. Thus, your real estate agent will help you stay excited as you navigate the journey from homebuyer to homeowner.

2. Stress

Unfortunately, stress is common for homebuyers. As you prepare to check out houses and submit offers on homes, your stress levels may rise accordingly.

Lucky for you, hiring an experienced real estate agent can help you minimize stress levels.

Your real estate agent is happy to respond to your homebuying concerns and queries without delay. By doing so, he or she will help put your mind at ease. And if your stress levels start to rise, your real estate agent is available to provide you with the necessary support to help you alleviate stress.

3. Relief

Relief occurs after a homebuyer secures his or her dream home. At this point, a home seller may have accepted a homebuyer's offer, and a homebuyer likely has completed a home inspection that meets or exceeds his or her expectations. As such, a homebuyer only needs to finalize a purchase agreement to acquire his or her dream residence.

With support from a real estate agent, you can reach the relief stage of the homebuying process quickly. Your real estate agent will go above and beyond the call of duty to streamline the homebuying cycle. As a result, you should have no trouble finding and purchasing your dream home if you collaborate with an experienced real estate professional.

Get ready for the homebuying journey – work with an experienced real estate agent, and you can move one step closer to buying your ideal home.



In a seller’s market, you shouldn’t have a home that’s simply sitting there. If a home isn’t selling and the market is hot, something must be wrong. There are many different reasons that your home isn’t selling. Below, you’ll discover some of those issues and what you can due to remedy the problems.


You Need To Adjust Your Expectations


Many people put their homes on the market expecting high results. While it’s good to have confidence, it can be detrimental to your home sale. Great expectations can lead to an overpriced home, a lack in marketing efforts, or lowering the price of the home too late. All of these situations can be detrimental to your home sale. Research and hiring a realtor to help you with the sale can keep you organized and assist ou in staying on top of the market. 


 You Don’t Understand Home Values


If you’re selling your home on your own, you may not have priced the property correctly especially if you have no professional experience. This is where a realtor comes in. A real estate agent can do the professional market research that finds the sweet spot for a price on a home for sale. Knowing that price is one of the best ways to sell your home fast. Without a well-valued home, it could sit idle in a good market. 


Your Home Is Neglected


If you have been neglecting various projects around your home, you could find that it’s more difficult to sell your home. Buyers want the best house for the lowest possible price. Homes that have been properly maintained with the right HVAC maintenance, yard upkeep, and regular appliance services are more likely to be scooped up fast by buyers. 


Before your home even goes on the market, you should do any tasks around the house that you have been neglecting. The investment of both time and money will be worth it for you in the long term when you go to sell your home. 


The Photos Aren’t Professional


The marketing efforts used to sell a home are very important. On the top of this list is the photos that represent the house. Most home buyers begin their search online. This means the first impression that they get of your home is from pictures. If these are not well done, it could be very detrimental to your home sale. 


For good photos, be sure that you get rid of all the clutter from your space before the pictures are taken. It’s really best to hire a professional to deal with his aspect of home marketing. If you must take the photos on your own, using a better camera than that a cell phone provides can really be a step up in the picture taking process.


              





Ready to buy a house? It pays to be proactive, especially if you hope to streamline the process of acquiring a terrific residence at a budget-friendly price.

A superb house is likely to stir up interest from large groups of homebuyers. Fortunately, with a proactive approach, you can stay ahead of the homebuying competition and boost your chances of securing a wonderful house.

Ultimately, there are several best practices for proactive homebuyers, and these practices include:

1. Search for Homes Early and Often

The early bird catches the wom. Much in the same vein, a proactive homebuyer is better equipped than others to achieve his or her desired results.

Keep a close eye on the housing market – you'll be glad you did. If you monitor home listings in your city or town, you can quickly identify potential properties that you may want to buy.

In addition, evaluate housing market trends and patterns. With this housing market data in hand, you can differentiate between a buyer's and seller's market.

2. Get Pre-Approved for a Mortgage

Meet with several banks and lenders in your area. By doing so, you can explore a variety of mortgage options and select one that complements your finances.

There is no shortage of mortgage options at your disposal. For example, many homebuyers prefer a 30-year fixed-rate mortgage, which guarantees they will pay the same amount each month for the life of a mortgage. On the other hand, some homebuyers choose a 15-year adjustable-rate mortgage, which features lower upfront payments that gradually increase over time.

If you're uncertain about which mortgage option to select, there is no need to worry. Banks and credit unions employ friendly, knowledgeable mortgage professionals who can help you make an informed decision.

Perhaps best of all, meeting with mortgage professionals guarantees you can receive expert responses to your concerns and questions. These mortgage professionals will devote the necessary time and resources to assist you and make it simple for you to select a great mortgage.

3. Collaborate with a Real Estate Agent

If you want to enter the housing market, there is no reason to wait. In fact, if you contact a real estate agent today, you can immediately launch a successful homebuying journey.

A real estate agent is dedicated to your homebuying success. He or she first will learn about your homebuying goals, ensuring you can start the homebuying journey on the right foot. Then, this housing market professional can help you narrow your search for your dream residence.

In most instances, a real estate agent will set up home showings, keep you up to date about new residences as they become available and help you submit home offers. This housing market professional also provides a one-of-a-kind homebuying resource. And if you ever have homebuying concerns or questions, a real estate agent is ready to respond to them.

Don't wait to kick off a homebuying journey. Instead, use the aforementioned tips, and you can become a proactive homebuyer.



After a thorough review of the real estate market, you've found your dream home. Now, you just need to submit a fair offer that the home seller will accept. Regardless of whether you're shopping for a home in a buyers' market or a sellers' market, you'll want to avoid the risk of submitting a "lowball" offer, i.e. an offer that a home seller will turn down immediately. Remember, if you want to land your ideal home, you'll likely need to submit an offer that is attractive to a home seller. And if you know what it takes to minimize the dangers of submitting a lowball proposal, you'll be better equipped to secure your dream house quickly. Making a fair offer on a home is simple – here are three tips to ensure you can avoid the dangers of submitting a lowball offer: 1. Review the Real Estate Market. As a diligent homebuyer, you've probably checked out dozens of residences in your search for the perfect home. Along the way, you might have even noticed that home prices vary depending on the size and condition of a residence. The real estate market remains in a constant state of flux, and what a home is worth today is unlikely what it is going to be worth in five years. However, a homebuyer who evaluates real estate market trends as well as prices of similar homes in a particular area should have no trouble submitting a fair offer on his or her dream house. 2. Evaluate the Condition of the Home. Keep in mind that the condition of the home may impact its short- and long-term value. Thus, you should try to submit an offer that accounts for the overall condition of a residence. For instance, a home's old furnace may need to be replaced in the near future, and doing so could prove to be both costly and time-consuming. But if you consider the cost of a new furnace installation in your proposal, you may be able to justify submitting an offer that is below a home seller's initial asking price. Or, in some cases, you may be able to convince the home seller to repair or replace this furnace to seal the deal. 3. Understand Your Budget. You've been pre-approved for a mortgage and know your budget for a new home. When you submit an offer, you should keep your budget in mind and ensure you'll be able to make the mortgage payments if a home seller accepts your proposal. A homebuyer who understands his or her budget can explore residences within a set price range. And ultimately, this homebuyer will be able to eliminate the chance of submitting a lowball offer on a house that he or she may be unable to afford down the line. When in doubt, don't be afraid to discuss your options with your real estate agent, too. This professional can offer insights into how much similar homes in an area have sold for recently, along with other housing market resources and tips to help you secure a house at a fair price. Avoid the dangers of submitting a lowball offer on a home, and you'll be better equipped to land your dream residence without delay.