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Showing posts from April, 2022

How much should I put my house on the market for?

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How to decide on a selling price for your property? Selling a house can be a big deal. Of course, there’s all of the stress that comes along with it, and selling a house can severely impact your finances positively or negatively, depending on how it pans out. On top of that, there may also be an emotional aspect to it. If you’ve lived in a house for long or you have fond memories there, it can be hard to say goodbye Learn about which factors play a role in adding value to your home on both the interior and the exterior of your home. When choosing a selling price for your home, keep in mind the minimum price that you are prepared to accept, and what costs you will need to incur as part of the sales transaction.   Other ways to decide on a selling price include: Comparative market analysis Researching similar properties on Private Property Property reports from companies specialising in property reports Reasons to avoid overpricing your home If you want to sell your home as easily as pos

How to buy your first house... Corena Botha - eXp Realty Estate Agent

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  THE INS AND OUTS OF BUYING YOUR FIRST HOME  The first step to buying a home is being prepared. What should your credit score be in order to secure a home loan at the best rate, and how can you take steps to raise your credit score before applying? 1. Affordability Probably the most important aspect is being able to afford property. The economy has a lot to do with that because poor growth usually means cost hikes and pressure on  what you can afford . Allow for room in your budget, especially in view of potential cost hikes such as pertrol/electricity. Buy below, rather than above your means. If you buy smart, you can always grow with your house. 2. Prequalify Most first-time buyers require home loan financing and need to understand what is required, as well as the process. Once you know  what you can afford , you need to ensure that you qualify for a home loan. This means a clear credit record and regular fixed income.  Get a home loan prequalification before buying so you know you

When is the right time to sell my property?

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  As a homeowner you have decided that this is the right time to look at selling your property.   There’s nothing wrong with wanting to sell your property fast, but you have to be smart about it. If you try to sell your home on your own, you might avoid paying commission, but it could end up costing you in other ways. Selling your house is a big step, and your main goal would be to sell your property in the shortest possible time with maximum financial return. Considerations when selling a home: Right Price Buyers can easily find out what other homes in your suburb, street or complex have sold for by checking home values. As the Seller, doing similar research will be a useful guideline to help you establish a fair market-related price: one which is not too high or too low and this is where an agent will be useful. After all, they work on commission and would want to have the same goal as you, the seller: To sell your home in the shortest time and for the highest price possible. Timing