Chad Goldstein - Gold Key Realty LLC



Posted by Chad Goldstein on 6/4/2018

After you accept a homebuyer's offer on your residence, he or she likely will complete a home inspection. Then, the homebuyer may choose to move forward with the home purchase, rescind or modify his or her offer or ask the home seller to complete home improvements.

Ultimately, a home seller is likely to have many questions following a home inspection, including:

1. What did the homebuyer discover during the home inspection?

As a home seller, it is important to do everything possible to enhance your residence before you add it to the real estate market. By doing so, you can boost your chances of generating substantial interest in your house. Plus, when a homebuyer performs a home inspection, he or she is unlikely to find any problems that may slow down the home selling process.

An informed home seller may conduct a home appraisal prior to listing his or her house on the real estate market. This appraisal enables a home seller to identify potential trouble areas within a residence and explore ways to address such problems.

If you failed to perform a home appraisal, there is no need to worry. For home sellers, it is important to see a home inspection as a learning opportunity. And if a homebuyer identifies problems with your residence during a home inspection, you should try to work with him or her to resolve these issues.

2. Should I stand my ground after a home inspection?

Be realistic after a home inspection, and you'll be able to make the best decision about how to proceed.

For example, a home seller who goes above and beyond the call of duty may address major home problems prior to listing his or her house on the real estate market. This home seller will dedicate the necessary time and resources to correct home problems and ensure a homebuyer is able to purchase a top-notch residence.

But what happens if a homebuyer identifies problems during a home inspection, despite the fact that a home seller already tried to correct various home issues?

A home seller should consider the homebuyer's inspection report findings closely. If minor home repairs are needed, he or she may be able to fix these problems to move forward with a home sale. Or, if a homebuyer is making exorbitant demands, a home seller may feel comfortable allowing the homebuyer to walk away from a home sale.

3. How should I proceed after a home inspection?

A home inspection can be stressful for both a home seller and a homebuyer. After the home inspection is completed, both parties will be better equipped than ever before to make informed decisions.

If a homebuyer encounters many problems with a residence, he or she will let the home seller know about these issues. Then, a home seller can complete assorted home repairs, offer a discounted price on a home or refuse to perform the requested home maintenance.

Working with a real estate agent is ideal for a home seller, particularly when it comes to home inspections. A real estate agent will negotiate with a homebuyer on your behalf and ensure you streamline the home selling process.





Posted by Chad Goldstein on 5/21/2018

A home appraisal often helps a property seller determine how to price his or her residence. As such, an appraisal is important. And with a great appraisal, a seller may boost the likelihood of earning top dollar for his or her house.

Ultimately, there are many reasons to trust the final results of a house appraisal, and these reasons include:

1. A home appraisal is conducted by a property expert.

An expert home appraiser will allocate significant time and resources to complete his or her report. This professional also will perform a home analysis as part of his or her assessment. That way, a home appraiser can provide an accurate property valuation.

As you consider home appraisers, you may want to search for professionals with comprehensive experience. By doing so, you can find a home appraiser who knows the ins and outs of evaluating properties.

2. A home appraisal is based on your home's condition and real estate market data.

Although many home sellers believe an appraisal's property valuation is based solely on the age and condition of a house, other factors come into play. In fact, a home appraiser generally evaluates the current state of the housing market, the prices of comparable houses that recently sold and other real estate market data to determine the optimal property valuation.

Of course, it typically is a good idea to perform myriad property upgrades before an appraisal is completed. This may help you improve your chances of receiving the best-possible property valuation.

3. A home appraisal provides home selling insights you may struggle to obtain elsewhere.

A home seller won't have to wait too long to receive an appraisal report, as a home appraiser usually can provide this report over the course of a few days. Meanwhile, the report includes a property valuation and other home insights that a seller may be unable to obtain elsewhere. And as a result, the report may prove to be exceedingly valuable, particularly for a seller who wants to maximize the value of his or her house.

When it comes to conducting a home appraisal, you may want to consult with a real estate agent. This housing market professional can explain how a home appraisal works and answer any concerns or questions that you may have. Plus, a real estate agent may be able to put you in touch with the top-rated home appraisers in your city or town.

Let's not forget about the assistance that a real estate agent can provide throughout the house selling journey, either. A real estate agent will help you list your home and promote it to prospective buyers. And if you receive an offer to purchase your residence, a real estate agent can offer a recommendation about how to proceed with this homebuying proposal.

Ready to add your residence to the real estate market? Perform a house appraisal, and you can move one step closer to establishing a competitive initial asking price for your home.




Categories: Selling Your Home   appraisal  


Posted by Chad Goldstein on 4/30/2018

If you intend to sell your house, it generally helps to allocate time and resources to improve your home's condition. That way, you can impress potential buyers as soon as they see your residence.

Now, let's take a look at three tips to ensure you can bolster your house's condition before you list your home.

1. Install Energy-Efficient Fixtures

Updating fixtures usually is quick and easy. Plus, if you install energy-efficient fixtures, you may be able to reduce your home energy consumption while you sell your house.

Energy-efficient fixtures use a fraction of the energy of traditional fixtures. Meanwhile, energy-efficient fixtures may prove to be a key differentiator for your house, one that is sure to garner homebuyers' attention.

2. Revamp Your Bathroom

Believe it or not, the appearance of your bathroom can make a world of difference in the eyes of homebuyers. If your bathroom looks modern and beautiful, it may help your house stand out to potential buyers. Conversely, if your bathroom appears small and outdated, it is unlikely to do you any favors as you try to sell your house.

To renovate your bathroom, you may want to replace the vanity, old plumbing and lighting fixtures. In addition, it may be beneficial to install a new tile floor that will help you transform your bathroom from drab to fab.

It also is important to keep in mind that bathroom renovations may prove to be less expensive than renovations in other areas of your house. Thus, if you complete assorted bathroom renovations, you may be able to increase your house's value without a significant time and resource investment.

3. Enhance Your Lawn

If you've failed to maintain your lawn over the years, there is no need to worry. In fact, you can replace patchy weeds and grass with fresh new sod to improve your house's condition and curb appeal.

Oftentimes, you can perform lawn care and maintenance on your own. But if you want expert help, you can always hire a professional landscaping company. Because with a team of professional landscapers at your side, you can quickly and effortlessly enhance your lawn.

For home sellers who want extra assistance as they get ready to list their houses, real estate agents are available to provide expert support as well.

A real estate agent understands the challenges associated with selling a house and can help a seller identify and address such issues. Furthermore, a real estate agent will provide a home seller with recommendations and suggestions about how to improve a house's condition.

Perhaps best of all, a real estate agent will offer assistance at each stage of the home selling journey. From the moment a house is listed to closing day, a real estate agent will do whatever it takes to guide a seller along the home selling process.

Ready to add your house to the real estate market? Use the aforementioned tips, and you should have no trouble beating the home selling competition thanks to the condition of your house.





Posted by Chad Goldstein on 3/26/2018

From the time an offer is made on a property, and the deal is done, you may face quite a few challenges. Whether youíre buying or selling a home, the process can be dizzying. There are a lot of things that go on from the time an offer is accepted, and the closing table is reached. The entire process of home buying and selling is designed with built-in protections to help both buyers and sellers avoid feeling a lot of regrets. Below, youíll find some familiar situations in the buying and selling process, and whatís available to help you avoid disappointment.


Once An Offer Is Accepted, Is It Binding? 


If you were overzealous to accept an offer on the home youíre selling and wish you had looked at others before making a decision, youíre not out of luck. Once youíre under contract, youíre obligated to sell to a buyer. The reason you may want to look at other offers is that it doesnít hurt to have a ďbackupĒ buyer. If something falls through with the first buyer, the second buyer in line becomes automatically under contract. While you may not necessarily sell for more, in this case, thereís a sure way available to help you sell your home fast. 


The Buyer Doesnít Have The Financing They Thought They Did


If a buyerís financial backing falls through or if the buyer is unable to get financing by the closing date, as a seller, you can walk away. Any financial changes to the contract that would impact you as a seller including a change in the type of loan, downpayment amount, or any variation from the contract terms allow the seller to end the contract unscathed. 


Something Wasnít Disclosed About The Property


Not everything is required to be disclosed by a seller. It all depends upon the rules within the state where you are buying. Understand whatís required to be revealed. If you feel uncomfortable with something, you can inquire about it, or add a contingency to have the problem addressed. Things like a death on the property can't be changed, for example. Your state may not even require that these events be disclosed.


The Home Inspection Raised Some Concerns 


If the home inspection reveals some issues that the seller isnít willing to fix, you have the right as a buyer to walk away. In many cases, these problems would be things like wiring or plumbing issues. 


The Property Appraised For Less Than The Offer


If the property appraises for less than what you offered for the home, you may feel quite upset as a buyer. Donít worry! There are a few things that you can do. Lenders wonít give you more than what the property appraises for. You can, however, bring more of your own cash to the closing table. You can also wait for the seller to adjust the asking price, or withdraw your offer altogether. The problem with the last solution is that you may lose any earnest money deposits      






Posted by Chad Goldstein on 3/19/2018

When youíre selling a home, remember that honesty is the best policy. If you do decide to be dishonest as a seller, there can be some major legal consequences heading your way at a later date. As a general rule, if you think you should disclose something then you probably need to tell the buyer about it. There are a few things that are major concerns for sellers. If you know about any of the events mentioned below, you need to include it in your sellerís disclosure.


Lead Paint


Lead paint is a major concern especially for families with children. If your home was built before 1978, youíll need to sign a disclosure stating whether or not you know of any lead paint on the property. If you are unaware of any issues with the paint, then you are not legally obligated to provide information, since you donít know any better. If you did know that the home was de-leaded or have had lead paint testing done, youíll need to disclose this info for the buyerís knowledge. 


Emotional Defects


If there was ever a death on the property that you knew about, youíll need to disclose this to your buyers. Murders, suicides, and violent crimes all need to be revealed if they happened on your property. While itís an unpleasant thing to think about, buyers have a right to know. Deaths that have occurred before a certain time span may not need to be disclosed. You can check with the specific rules in your own state.    


Paranormal Activity



When it comes to selling your home, there are certain things that you may find silly but others find that they need to know. This includes any kind of paranormal activity like ghosts. Some states require that you release any information you may have about ghosts on a property in order to sell your home. If you believe the house is haunted, you have an obligation to tell buyers about it. If an exorcism or other strange activity has occurred on the property, youíll need to tell buyers about that as well. Thereís no issue too small when it comes to disclosing things about your home.


Water Issues


If your home has any kind of flooding problems or drainage issues, you should tell your buyers about it. Everything from a basement that floods to standing water in the backyard can be an issue. If you know about it as a seller and do not tell your buyers, you could face some serious consequences from it. If you have fixed these issues in the past, itís also worth adding to your disclosure as buyers will know that you have been proactive in taking care of any problems on the property.







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