REAL ESTATE RESOURCE CENTER
With AskMrRealtor.com, learn the ins and outs of real estate investment and how to become a successful real estate investor, invest in real estate and save on taxes
| Real Estate Facts |
| Buying your house Foreclosures Investing in real estate Loans Mortgages Owning your house Selling your house >> Home |
| CURRENT MORTGAGE RATES | |
| 30 Year Fixed | |
| 5.71% | + 0.01% |
| 15 Year Fixed | |
| 5.29% | + 0.01% |
| 30 Year Fixed Jumbo | |
| 5.95% | + 0.03% |
| 15 Year Fixed Jumbo | |
| 5.45% | + 0.02% |
| 5 Year Balloon | |
| 5.20% | + 0.03% |
| 7 Year Balloon | |
| 5.25% | + 0.04% |
| 1/1 Arm | |
| 3.97% | -0.23% |
| 3/1 Arm | |
| 4.86% | + 0.04% |
| 5/1 Arm | |
| 5.11% | + 0.01% |
| 1/1 Jumbo Arm | |
| 4.49% | + 0.10% |
| 3/1 Jumbo Arm | |
| 4.85% | + 0.04% |
| 5/1 Jumbo Arm | |
| 5.27% | + 0.07% |
| FHA 30 Year Fixed | |
| 5.76% | -0.04% |
| FHA 1 Yr ARM | |
| 4.44% | -0.02% |
| VA 30 Year Fixed | |
| 5.73% | + 0.02% |
Are you buying a home? Those tips are for you!
Where Do I Get Information On Housing Market Stats? What Is The Best Way To Find A Real Estate Agent? What Is The Best Time To Sell Your House? Defining What You Want Are Taxes On Second Homes DeductibleAre you a home owner? Find the amswers to your questions here!
Where Do I Get Information On Condo Association Laws? Can A Co-owner Force Someone Off A Shared Deed? What Is APR? Should You Pay More Or Less "up-front"? How Do I Find A Real Estate Agent?GET A LOAN FAST - LOCK IN YOUR LOW RATE
WHAT ARE THE TWO MOST IMPORTANT FACTORS WHEN SELLING A HOME?
Price and condition are the two most important factors in selling a home, even in a down market. The first step is to price your home correctly. Use comparative sales information from your agent, or pay for a professional appraiser (usually $200 to $300), to objectively evaluate your home's worth. Second, go through the house and repair any obvious cosmetic defects that could deter a buyer. In a down market, you may have to consider lowering your price and/or making a major repair, such as replacing the roof, in order to lure a buyer. Also, make sure that your home is getting the exposure it deserves through open houses, broker open houses, advertising, good signage and a listing on the local multiple listing service or online listings provider. If this isn't happening, take it up with your agent or agent's broker. If you are still not satisfied you are getting the service you need, you may have to switch agents. Read moreWHO GETS THE FURNISHINGS WHEN A HOME IS SOLD?
It depends. Fixtures, any kind of personal property that is permanently attached to a house (such as drapery rods, built-in bookcases, tacked-down carpeting or a furnace) automatically stay with the house unless specified otherwise in the sales contract. But anything that is not nailed down is negotiable. This most often involves appliances that are not built in (washer, dryer, refrigerator, for example), although some sellers will be interested in negotiating for other items, such as a piano. Read moreHOW DOES SOMEONE SELL A SLOW MOVER?
Even in a down market, real estate experts say that price and condition are the two most important factors in selling a home. If you are selling in a slow market, your first step would be to lower your price. Also, go through the house and see if there are cosmetic defects that you missed and can be repaired. Secondly, you need to make sure that the home is getting the exposure it deserves through open houses, broker open houses, advertising, good signage, and listings on the local multiple listing service (MLS) and on the Internet. Another option is to pull your house off the market and wait for the market to improve. Finally, if you who have no equity in the house, and are forced to sell because of a divorce or financial considerations, you could discuss a short sale or a deed-in-lieu-of- foreclosure with your lender. A short sale is when the seller finds a buyer for a price that is below the mortgage amount and negotiates the difference with the lender. In a deed-in-lieu-of-foreclosure situation, the lender agrees to take the house back without instituting foreclosure proceedings. The latter are radical options. Your simplest, and in many cases most effective, option is to lower the price. Read more| Real Estate Facts |