Our home has been on the market for one month. We started at $698,500 and reduced it to $685,000 after two weeks. The house is 3,564 square feet in a desirable older neighborhood. We’ve had two showings and much positive feedback. The only negative is that we have no backyard. Our agent now is recommending we lower the price again. We are not in a hurry to move as we have no other place in mind. Do we lower the price or take it off the market and relist it when we are ready?
First time or frequent buyer, here is advice to heighten your home-buying experience. “When buying a home, buyers often have many questions running through their mind,” wrote Joey Marino, president of Stark County Association of Realtors last year when he posted an article about “Security Tips for Homebuyers” at the association’s website.
How can I find the best mortgage loan? Monty’s Answer: I answered this question several years ago, but it bears repeating. Comparing the cost of mortgage loans is a challenge for most mortgage shoppers. Do this before you look for your home. The most helpful lender may also have the best preapproval letter. Here are 10 facts to help you find the right loan.
We bought our current home a year ago. We realize houses and their systems are always wearing out, but in this house, it feels like the repairs and replacements are inordinate. The latest example is electrical. The electrical panel box was new, but we have had several electrical issues. The home inspector said electrical was satisfactory.
If you’re planning to a buy a house this spring, a consultation with one or more lenders should be on your agenda now. Lenders are there to educate you and evaluate your financing options, and homebuyers should be prepared with a few questions of their own.
Every home has its flaws. We can try to hide them, but the truth eventually comes out. Hiding the truth from a buyer can, at the very least, result in the termination of a contract. Substantial revelations about the condition of your home can cost money and even a potential lawsuit.