10 Tips for Buyers and Sellers
Sellers: Start planning early. Work with a Realtor® to identify things you may want to do prior to listing your home for
1. sale. Some Realtors® may suggest you obtain inspections to identify any potential repairs you would need to
complete.
Buyers: Work on your loan pre-approval prior to looking for homes. Having your credit run early on will allow you
2. to work on errors or things you can do to improve your credit score. Both rates and programs are determined by
your credit score.
Realtor®. You may need to interview a few before you choose the one that is best for
3. Sellers: Hire the right
®
you. Find a Realtor that works full-time, is web savvy, and has a proven track record of success.
Buyers: Negotiate carefully. Analyze recent closed comps with your Realtor® and determine the best offer price.
4. Low offer prices are off the table in this environment. Respond to any counter offers quickly. If there are multiple
offers on the porperty, you may have to increase your price and accept fewer seller concessions.
Sellers: Technically, it is a seller's market so you should be able to obtain a great offer at favorable terms. Many
5. homes are even receiving multiple offers now. While interviewing the Realtors®, be suspicious if they are offering to
list your home way above market value. Anyone obtaining financing will need an appraisal to justify the sales price
and if you have an inflated price you may have to renegotiate and accept a lower price.
Buyers: You can buy again! Even if you have had a Bankruptcy, Short Sale, or Foreclosure in the past you may
6. be able to qualify to purchase in as little as one year. Don't be afraid to contact a Lender to find out exactly where
you stand and when you can buy again!
7.
Sellers: Do not do any major remodeling or home improvements if you intend to sell in the future without consulting
a Realtor®. Newly renovated homes may fetch a higher price, but it may be less than what you spent in
improvements. Increasing curb appeal, cleaning your carpets, and touching up the paint are always good
improvements!
Buyers: Get the scoop on the property prior to removing contingencies. Ask you Realtor® what the seller is
8. required
to disclose, but don't be afraid to ask for more information. Find out about local schools, sex offenders,
flooding risks, and potential issues with the neighborhood.
9.
Sellers: Don't listen to the hype you hear from friends on the news...base your decisions on accurate market data
your hear from a Realtor® or Appraiser. Real estate prices can vary drastically, even in adjacent subdivisions. If
you want to sell your home quickly, it is imperative you list at the fair market value that is supported by closed
comparables.
Sellers and Buyers: Pay attention to local market trends and consult with a Professional Realtor® or Lender to find
10. out the best timing for you to list your home or buy one. Interest rates change daily and can have a big affect on
the real estate market.
Call Paramount Equity Mortgage today for more great tips!
916-290-9999
Paramount Equity Mortgage, LLC. Arizona Mortgage Banker License #0922160; licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4170047; regulated by the Colorado
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Entity License #6967176; Washington Consumer Loan Company License #CL-30336; WI Mortgage Banker License # 30336BA; NMLS ID #30336. 8781 Sierra College Blvd, Roseville, CA 95661.