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Lexington Park Real Estate News / Help for Buyers and Sellers5 Steps To Sell Your Lexington Park HomeSelling your Lexington Park home is a process that involves five basic steps. These steps are Preparing the Home for Sale, Finding a Buyer, Qualifying the Buyer, Negotiating the Terms, Handling all the Details needed to finalize the sale. If you list your home your real estate agent takes responsibility for each step. If you sell on your own, it is your responsibility to complete each step. Lexington Park Real Estate CyclesWhat makes most sense is the "buy and hold" strategy. Buy a home you expect to remain in for at least seven years or more. Lexington Park is no different than most, although the Lexington Park market does have it's own special circumstances. Want to get a clear and up-to-date picture of the Lexington Park real estate market? Call me at any time. I am happy to share my knowledge of the real estate market with homeowners and prospective homeowners who want to take advantage of market trends to buy and/or sell wisely. Guidelines for Buying Lexington ParkThe Internet is great but nothing really substitutes for your personal inspection of homes that are for sale in the Lexington Park. When you have visited plenty of homes online and in person when the right property comes along you will know it. It is perfectly normal for buyers to have a general idea of what they want in a home without a great deal of specificity. Research, both online and in person will help you define your Lexington Park needs but you can and should know your financial needs before you even start looking. I recommend that buyers go through the process of prequalifying with a lender or at least with a real estate agent in order to narrow the search among homes that are a possibility. Many agents refuse to show homes to prospective buyers who have not been pre-qualified. Building Lexington Park Home EquityAs a Lexington Park homeowner you have the right to pay more towards the principle loan amount each month. Let’s say your monthly payment is $700.00 a month and $100.00 a month is being applied to the principle. If you choose to pay $900.00 instead of $700.00, the $200.00 overage will be applied entirely to the principle. Thus, instead of gaining $1,200.00 a year in Lexington Park home equity, you gain $3,600.00. The only factor being considered here is Home Equity. In individual cases it may be wiser to invest than to pre-pay your home loan. It also may be wiser to pay off high-interest, non-deductible loans before considering your Lexington Park home equity building options. Your financial advisor is the one to consult for these matters. If you would like up-to-the-minute information about Lexington Park home appreciation values in your area, please call or E-mail me today. Green Remodeling Your Lexington ParkReduced material waste and resource conservation. When remodeling your Lexington Park, there is often a large amount of construction waste: 136 million tons of waste annually, or about 20% of the waste in landfills, according to the EPA. If you are planning to remodel your Lexington Park anyway, going green offers money-saving advantages. In addition to increasing the value of your home, you will cut monthly operating costs, reduce waste and improve overall health. What Makes Lexington Park Sell?The Condition affects its salability and possibly price. Lexington Park that is in move-in condition will usually sell for a higher price than a home that suffers from deferred maintenance. The Home’s Accessibility refers to just that. Is the Lexington Park accessible to shopping and local transportation? For some this would be a necessity and for others, the more remote the better. Marketing Exposure refers to how Lexington Park is advertised. Today the Internet is a fantastic way to market a home but it is still true that the best service a listing agent can do for sellers is to promote the home heavily with local brokers and agents. The Internet and other advertising certainly help, but it is still true that in most cases it is the agent that sells the home by making sure the right buyers know about it. |
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