Maureen Giuliano - Classified Realty Group


Classified Realty Group



Posted by Maureen Giuliano on 4/6/2018

Do you know home selling lingo? If not, miscommunications may arise that prevent you from maximizing the value of your house. Perhaps even worse, you risk making poor home selling decisions due to the fact that you don't fully understand the real estate terms included in a home sale agreement.

Fortunately, we're here to bring clarity to assorted home selling terms that you may encounter as you proceed along the home selling journey.

Let's take a look at three common home selling terms that every property seller needs to know.

1. Depreciation

Over time, the value of your home may deteriorate due to age, wear and tear and other problems. This is referred to as "depreciation," and depreciation ultimately may impact your ability to get the best price for your house.

To find out how much your house's value has depreciated, it may be worthwhile to conduct a home appraisal before you list your residence. That way, you can analyze your house's strengths and weaknesses. You also can uncover innovative ways to boost your home's appearance both inside and out, thereby ensuring you can set the optimal initial asking price for your residence.

2. House Closing

A house closing refers to the final transfer of ownership from home seller to homebuyer. Thus, once you and a homebuyer are ready to dot the I's and cross the T's on a home sale agreement, you'll complete the house closing process.

During a house closing, all terms of a contract between a home seller and homebuyer must be met. Moreover, the home deed will be recorded, and the house will finally be sold.

The house closing is a key part of the home selling cycle. At this point, a home seller will receive final payment for a house and transfer ownership of the property to the buyer.

3. Real Estate Agent

A real estate agent plays a pivotal role in the home selling process, and for good reason. If you hire an expert real estate agent, you should have no trouble navigating the home selling journey.

Typically, a real estate agent handles all of the tasks associated with listing and selling a house. This housing market professional will help you promote your residence to potential homebuyers, host open houses and home showings and even negotiate with homebuyers on your behalf. Plus, if you receive an offer on a home, a real estate agent can offer honest, unbiased recommendations about whether to accept or reject the proposal.

You don't need to look far to find a qualified real estate agent in your area, either.

Real estate agents are employed across the United States. In fact, if you interview multiple real estate agents in your area, you can find a real estate agent who makes you feel comfortable and confident about selling your house.

Allocate the necessary time and resources to learn various home selling terms. With a clear understanding of home selling terms, you can avoid potential pitfalls throughout the home selling journey.




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Posted by Maureen Giuliano on 9/18/2015

When it is time to sell your home you may have much work to do before the sign is placed on the front lawn. If you would like to sell your home for more money or in less time you will need to prepare your home to sell. One way to sell your home for more money in less time is to stage your home. Statistics show that home staging is credited with selling 95 percent of homes within 35 days or less. Here are some tips to get your home ready for the market: Prepare your home to sell to the most likely buyer. The average buyer nationally is 32, while the average seller is 57. Remove items in the home that may be out dated and add in more modern items that appeal to a younger buyer. Start at the front door. The front door is the first thing a potential buyer will see, so make a good impression. Spruce up the landscaping, wash the front door and clean up the trim around the door. Make the entry neat and welcoming. Clear out the clutter. A good rule of thumb is to remove about one third of your belongings. Pay special attention to removing extra pieces of furniture, like ottomans, bookcases, and decorative pieces. Depersonalize the home by removingall photos, memorabilia and other personal items. This will help the buyer envision the home as their own, picturing their personal items around the house rather than yours. Clean the home very thoroughly. Dust under the furniture, clean the grout and all the other places that may not receive everyday upkeep. Freshen up the paint and neutralize your wall colors. It is best to stick with white, cream or pale earth tones.