Real Estate Blog

4 Buyer Red Flags All Sellers Need To KnowSelling a home is a big endeavor that no homeowner takes lightly. But sometimes, finding a buyer can be difficult, especially if the market is cold, and that can make homeowners feel like if they don’t sell to the first person who makes an offer, the home won’t get sold. This is a common but misinformed mindset because not every buyer is a good buyer, and sellers need to be aware of the signs that a buyer may cause trouble and hurt the sale of the home. Here are some telltale warning signs that all sellers need to know when considering offers.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

The Buyer Is Only Pre-Qualified For a Loan

When setting out to

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Red Flags to Watch for When Purchasing a New HomeShopping for homes can leave your mind spinning. Knowing what to look for can help you weed out the properties with serious structural damage or maintenance problems. If you're looking for a turn-key property and a smooth buying experience, watch for these warning signs when going to home showings.

Deferred Maintenance

Deferred maintenance can take many forms. A drippy faucet, cracked window, or a puncture hole in the wall are all signs that a homeowner has been neglecting their maintenance duties. While these problems may seem small, they can be a sign of larger poor maintenance practices.

Homeowners often fix up their home before putting it on the market. Those that neglect to do this may have other poor maintenance practices that could lead

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What You Need to Know About Deferred MaintenanceTo be safe for human habitation, homes need to be properly maintained. Homes that are not properly maintained may be plagued by plumbing leaks, electrical problems, structural damage and more.

Homes that have a lot of deferred maintenance can decrease in value, because many home buyers are reluctant to purchase a home with serious deferred maintenance. If your home has a lot of deferred maintenance, you may have a difficult time selling your property. Here's what you need to know.

Why Deferred Maintenance Is a Problem

Small problems become large ones when they're not addressed in a timely manner. Plumbing leaks are one of the best examples of how a minor problem can become significant in a short period.

Plumbing leaks can cause wood in the

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The Future Is Now: Virtual Reality Creates Home-Buying ExcitementWhether you fully embrace technology or would favor a return to more traditional home-selling strategies, there is no doubt that high-tech improvements have made an impact on real estate marketing.

While a virtual tour may not ever fully replace an actual property visit, it represents a dynamic way for buyers to preview properties of interest without spending undue time, effort or dollars on actual travel. The benefits, however, accrue to real estate agents as sellers, however, as well as to buyers. Professional photography has long been recommended to boost the chances of a quick sale; then came virtual tours, a kind of moving picture that highlighted home features. Now virtual reality tours take it a step further, and an increasing number of real

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Everything You Need to Know About Refurbishing CabinetsOld cabinets can really drag down the appearance of your kitchen. Cabinet replacement can be very expensive, but refurbishment is much more affordable. Cabinet refurbishment can be done as a DIY activity or with help from a contractor. If you're thinking about refurbishing your cabinets, there are many things to know about the process. These tips can help.

Pick a Stain or Color

The stain or color of the cabinets can have a big effect on the appearance of the kitchen. Darker kitchens benefit from lighter colors, while lighter kitchens benefit from darker colors.

Before the homeowner settles on the stain or paint color, it's important to apply samples to a piece of cardboard or wood. Viewing the samples in different lights and at different times

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Everything You Need to Know About Hiring a Real Estate PhotographerThey say a picture is worth a thousand words, but in real estate, pictures can also be worth thousands of dollars. Real estate photography, along with other things, helps sell homes by attracting buyers, encouraging competition, and making a good impression before the buyer ever enters the home. If you're a homeowner who is thinking about selling your home sometime in the near future, here's what you need to know about real estate photography.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Buyers Like Attractive Listings

Buyers like to look at attractive home listings. When they see an attractive listing, they often spend more time looking at it and

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A Homebuyer's Guide to Paying Property Taxes in CanadaWhen buying a home, people need to know about their property tax obligations at every stage of homeownership. Without this knowledge, homebuyers can get caught off guard as tax payments come due. To handle all property tax payments with confidence, homebuyers can fill their minds with information about paying property taxes in Canada early and often. This guide aims to help homebuyers learn all they need to know about property taxes before buying a home.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

New Builds Require an Upfront Tax Payment

When homebuyers elect to purchase a newly-built home, or have one custom built, they must cover an upfront tax

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Debt-to-Income Ratio BasicsSome may think that they are finally ready to buy a home. After all, there are plenty of mortgage loan options to make homeownership more accessible. That being said, the amount of current debt one has can make it harder to qualify for a conventional or other type of mortgage loan.

Debt-to-income ratio is one of a few important factors a lender will review when making their determination to approve an applicant for a home loan. Understand more about what a lender wants to see when it comes to debt-to-income ratio.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

What Is Debt-to-income Ratio?

An applicant may think that they have a high likelihood of

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What Do I Need to Disclose as a Home Seller?Home sellers may have very different ideas about what they need to share with potential buyers. Some may want to give the buyers all the information they could ever want to know, while others would prefer to keep the conversations to the bare minimum. It's why local legislators decided to impose a few guidelines to protect the buyers and promote honesty among the sellers. Those getting ready to put their home on the market and market it to sell - should keep the following in mind.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Different Forms, Same Result

A disclosure document is one that lists the defects of the home straight from the sellers'

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Home Improvements that Reduce Your Home's ValueMany homeowners naturally assume that any home improvement they make will improve their home's value. This is not always the case. Some home improvements can actually make a home harder to sell, and can lead to lower offers from buyers. If you're a homeowner who wants to improve your home's value, the following home improvements are best avoided.

Altering a Bedroom to Become Something Else

Bedrooms add value to a home, but what happens if the homeowner takes a bedroom away? For example, imagine a homeowner wants to convert their spare bedroom into an office. To do this, they build a desk into the walls. The room no longer qualifies as a bedroom when the time comes to sell the home. This can reduce the value of the house. Homeowners who want

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