Celebrate Moving Into Your New Home With a Housewarming Party

Hosting a housewarming party after purchasing a new home may seem like an outdated tradition. However, what better way to celebrate such a milestone than by getting together with friends and family? Such a gathering is a fantastic opportunity to relax after the stress of moving and spend time sharing ideas and settling in. It is a time to share your vision for any changes you plan to make and to kick off a new season. Celebrate without Stress You may feel pressure to have everything unpacked and in its place before opening your doors. However, part of the fun of a housewarming party is celebrating transition! Take some of the pressure off yourself and just unpack the essentials. Don’t be bothered by boxes in the bedrooms. Feast without Fanfare Similarly, keep the cuisine simple. Your friends don’t expect you to serve a complex meal after a big move, so you shouldn’t either. Save yourself the hassle and serve simple snacks on cute paper plates. A vase of flowers or a few candles will keep the casual serving area festive. Share Your Dreams When you give the grand tour, share your dreams for the home. For example, even if all of the walls are still white, paint a picture of the changes you plan to make. If you imagine a certain wall red or hope to install an entertainment center, share these details. Your guests will not only share in your excitement but may also have recommendations for great painters or carpenters. If you’re ready for everything that comes with owning your own home, take a look at the...

Pros and Cons of Buying a Foreclosure

If you’ve recently started your search for real estate, you’ve likely noticed a significant number of foreclosures on the market. These properties are often available at a much lower price than other similar properties.   At the end of the day, the goal is to get the best value. Sometimes, a foreclosure offers just that, but in other cases, buying a foreclosed piece of real estate is more trouble than treasure. The Pros of Purchasing Foreclosed Property The most obvious benefit to buying a foreclosure is the reduced price. Due to various circumstances, banks are often willing to part with these homes at a loss. Their loss can be your gain.   Similar to the foreclosure is a pre-foreclosure. This type of property is just about to go into foreclosure but is still technically owned by an individual. In this unique situation, you may be able to expedite the process and shorten the escrow period. The Cons of Purchasing a Foreclosure While the lower price is appealing, sometimes it’s also warranted. Whether due to normal lack of maintenance or to vandalism, foreclosures tend to require more restoration. Make sure you have a strong understanding of what repairs will be needed before committing to buy.   Because banks typically want to get the property off their books as soon as possible, they aren’t often willing to pay for repairs. If you do choose to pursue such reimbursement, the process will slow significantly.   Finally, in many cases the foreclosed properties are still occupied. As the new owner, it becomes your responsibility to carry out evictions and potentially endure drawn out...

How to Sell Your Home at Top Dollar

When the time comes to sell your home, the last thing you want to be is unsure. From determining the initial asking price to deciding what—if anything—ought to be updated, the process can be daunting. How can you be confident that you’re doing all you can to get the best price? By taking a few precautions and making some small investments, you can simultaneously reduce your stress and increase your chances of getting more for your home. Choose the Best Agent The best agent is not always the one with the most advertising. The best agent is one who is willing to work with you to make sure you get what you want out of selling your home. Even if it means shopping around, finding an agent or company that is willing to work with you will make a significant difference. When meeting with various agents, make sure you are clear in communicating your desires and expectations. Ask the agents to give their honest evaluations of those expectations, and be willing to brainstorm. Consider Hiring a Staging Company When selling a home, particularly one you’ve lived in for a long period of time, it can be difficult to view the décor as an outsider. Remember that potential buyers may not have the same style preferences, and they almost definitely will not share in your love for family heirlooms. By inviting a staging company to enter your home, you’re allowing an objective third party to help make it appealing to individuals who are ready to make serious offers. This may call for sacrifice on your part for a short time....

3 Reasons Why You Should Work with a Real Estate Agent while Selling a Home

Selling a home is no easy task, and without a large amount of time on your hands, it can be a nightmare to do on your own, especially if you don’t know much about the current real estate markets in your area. Real estate agents are there to make the selling process easier. While your immediate reaction to a suggestion about getting a real estate agent might be that you could surely handle it yourself, there are many reasons why paying for an agent will actually do you a lot of good. Having a Liaison to Meet with Buyers Showing a home and making appointments to meet with potential buyers can be a real pain, but a real estate agent can help mitigate the problems that might arise during that process. Because you will have informed them of your schedule, they can work with you and save you the hassle of organizing everything. Letting Someone Else Negotiate for You Negotiations are rarely easy, and if a buyer is being unruly or rude, you should not have to deal with him or her. Instead, you can convey your negotiation concerns with your real estate agent to ensure that you are getting the most for your property and are not settling for less than the property is worth. Making Sure that the Market Is Working in Your Favor A real estate agent can also help you with choosing when would be the best time to sell your house to get the most out of it. Depending on the season and the market trends, the real estate agent could save you thousands...

What You Should Know Before Renting Out Your Property

For many people, becoming a landlord is not always their first option. Sometimes, when the market is not in your favor or you are having a difficult time finding a buyer at the price you want, the option to rent out the property for a time until the market turns or you find someone who is interested starts to become more appealing. After all, having someone to pay for the mortgage will help you cut the vacancy costs. However, becoming a landlord is no small venture. Between having to draft up rental contracts and managing maintenance emergencies, being a landlord can easily become a part-time job. The Responsibilities of a Landlord When you rent out your property, you add many responsibilities to your plate. The following are examples of those: • Ensuring that your tenants pay you on time • Calling maintenance teams for issues with the appliances • Performing regular inspections of the rental property • Recording the profits on your taxes at the end of the year • Getting informed about legal issues regarding landlords and tenants There are many more tasks than we could possibly list here, but we hope that that have given you a better idea of what you should be ready for when you rent out your property. Is Selling Your Property the Better Option? If you had a guarantee that your property would sell, would you take it rather than bother with renters? At The Marshall, we guarantee that your home will sell within 86 days or we will buy it from you. That way, you can get the burden of trying...