Tag: Homebuyers

Downside Of Selling Without An Agent

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When you’re getting ready to sell your home, you have a lot of choices to make. Selling is one of the most significant financial decisions you’ll face in your lifetime. There are downsides to selling your home without an experienced agent to guide you. A Mel Foster Co. agent can help you answer these questions.

How Do I Know The Right Listing Price?

Pricing your home correctly from the start is critical to a successful sale. Will I have the tools and market analysis to calculate and set an accurate home value? What happens if the price I set exceeds the value after appraisal? Work with a Mel Foster Co. agent from the start, and they can provide you with a free competitive market analysis to help you price your home in line with market activity.

Who Markets The Property?

Some sellers choose to get the word out about their property independently, without the help of an agent. But is word-of-mouth enough to find a buyer? For sale by owner is one option for selling, but the responsibility to market the home falls solely on the owner. A  Mel Foster Co. agent, with their extensive marketing resources and understanding of how to drive buyers to your home, can give you the confidence that your property will be marketed effectively.

What Projects Should I Do First?

Small improvement projects to get your home ready to sell can make a big difference in how it shows to buyers. But how do you know which projects will make the best impressions to buyers and yield the largest return on your investment? With their expertise and guidance, an agent will help you assess and make the right decisions, providing the support you need during this crucial stage of preparing to sell.

Why Does Negotiating Feel Overwhelming?

Most homebuyers believe it will be stressful to negotiate a home sale. Will I know the legal terms and regulations? Will I remain stern with my evaluations of fair pricing and practices? Know that a Mel Foster Co. agent is professionally trained and has negotiation expertise. They offer advice and are your advocate during the selling process.

Find more selling tips for homeowners.

Difference Between Home Warranty and Homeowner’s Insurance

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You’re on the hunt for a new home. Know the difference between a home warranty and homeowner’s insurance and the steps you can take to ensure you’re covered when finalizing your purchase.

It’s important to note that a home warranty and home insurance are not interchangeable. A home warranty, typically a 12-month contract purchased from an accredited company, acts as a safety net against malfunctions due to normal wear and tear of the appliances and maintenance systems in the home. This includes major systems like HVAC, water heater, plumbing, electrical and major appliances. Our recommended local company, TMI Warranty, L.L.C., offers homebuyers a reassuring peace of mind that these systems will remain in working order after the homebuyer takes possession.

A homeowner’s insurance policy is a 12-month policy purchased from a reputable insurance company, like Mel Foster Insurance, that protects the home’s value and covers losses or damages caused by unexpected events like fire, flood, theft or storm damage. Most lenders require home insurance when you take out a mortgage. While you’re not legally required to purchase a homeowner’s policy when buying a home, you will likely still have to buy some policy to safeguard your belongings.

According to Consumer Affairs, home warranties are paid monthly at between $40 and $60, while the average cost of an annual home warranty is $450 to $600 per year, depending on the provider and level of coverage. This financial aspect is crucial to consider when planning your home purchase. If you’re purchasing a new construction home or one built recently, a home warranty may not be necessary since your major systems should be in good shape.

Shifts in the housing market have given homebuyers more power. Today, there is a better balance and opportunities for mutual concessions during home-buying. Buyers knowledgeable about home warranties may ask that a home warranty be included in the final sale. This can serve as powerful leverage during negotiations, empowering the buyer.

Find more buying tips for homeowners.


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