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Action Real Estate: A Buy and Sell Guide

Conveniently situated in the foothills of the Great Smoky Mountains, which now welcome over 11 million tourists every year, is where you’ll find Action Real Estate.
Because Action Real Estate has an established competence that has been accumulated over the years, customers benefit from the extensive knowledge that is at their disposal when the company is working on their behalf.

The skilled members of the company’s staff are standing by, ready to ACT ON YOUR BEHALF at all times.

When it comes to real estate, there are also good number of highly qualified real estate agents who are always available to assist you in turning your goals into reality.

Action Real Estate: A Home Buy and Sell Guide

Action Real Estate Buying Guides

You are on the right path whether you are looking for your first property, upgrading to a larger home, planning a vacation or retirement trip, or even looking to upgrade your current residence:

The guidance and recommendations that are provided in this article will assist you in getting started on the path that leads to your new house.

However, there are several potential hazards along that road.
Because of this, it is essential for you to collaborate with a real estate agent that possesses both professional experience and a valid license.

Someone who will make it their mission to locate for you the ideal house at the most reasonable cost.

Shouldn’t you have an experienced real estate agent on your side as well, considering how hard sellers’ agents fight to ensure that their customers make the most money possible from the sale of a home?

Please allow our team of professionals to assist you in locating your next dream home by completing the following tasks for you:

  • Reducing the scope of your search.
  • Putting together a short list of potential residences to tour.
  • Granting you entry inside residences for the purpose of conducting home inspections and walk-throughs.
  • Assisting you in identifying your strengths, shortcomings, and areas in need of repair
  • Considering the prices of homes in the surrounding area to get an accurate market value.
  • Performing a check on the school districts as well as other crucial aspects of the area.
  • Finding a good mortgage lender and an insurance agent might be challenging.
  • Taking care of the necessary legal documentation in order to make an offer.
  • Price haggling and agreeing to a binding contract are next on the agenda.
  • You will receive assistance throughout the entirety of the process of purchasing a property.

You can get in touch with our representative over the phone if you have any questions or if you are ready to get started.

See: Wisconsin Real Estate License Lookup

Action Real Estate can assist you in locating and purchasing the ideal residence, regardless of the type of property you’re searching for: an apartment for retirees, a house on the water, or everything in between.

Consider the price tag of the home you want to buy

When looking to buy a home, the first thing you need do is evaluate how realistic your ideal home is.

Simply put, how much of a mortgage payment can you afford each month? The first stage in the process of choosing your new home should be to calculate a rough estimate of how much you can spend on a house.

This will help you save time by eliminating houses from your search that are out of your price range or that are too simple.

There is a fair possibility that you will be able to locate a home lender who is willing to lend you most of the purchase price of your new property if you have a steady work and a credit history that is at least somewhat acceptable.

Mortgages are a type of home loan, and the word “mortgage” comes from a Latin term that literally translates to “pledge till death.”

Lenders don’t take your pledge to pay back the loan as as seriously as you may think, but they still anticipate getting their money back on schedule.

Keep in mind that the lender will have some sort of ownership stake in the property until the loan is completely repaid.

Home loans are often available in sums ranging from 80% to 95% of the price that you are paying for the house.

These percentages can vary slightly from lender to lender. The remaining balance must be paid in cash from your personal resources, as this is how it is customarily done.

You probably already know that it is considerably simpler to qualify for loans with lower interest rates.

The fact that history has demonstrated real estate to be such a good investment justifies the fact that the lender is ready to lend you up to 95 percent of the value of your house.

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The investment that lenders make in your home is regarded as very secure since they anticipate that the value of your property will increase over time relative to what it is currently worth.

Because of this, the interest rate that you may get on a house loan is among the most competitive you’ll find anywhere.

Think about the fact that the largest and most powerful companies in the United States borrow at a rate that is referred to as the “prime rate,” but yet you may get a house loan that is fixed at the same rate for many years at a rate that is significantly lower than the prime rate today.

Lenders have discovered that home loans tend to be excellent investments, and you profit each month when you make your loan payment by having access to the equity in your property.

Last but not least, there is the option of taking out a mortgage loan with a repayment duration of typically 15 or 30 years.

The loan with the shorter period will have a somewhat lower interest rate; therefore, if you are able to afford the larger monthly payments, selecting the loan with the 15 year term will save you money in interest charges.

With interest rates as they are today, a loan with a term of 15 years will result in a monthly payment that is approximately 27 percent higher than one with a duration of 30 years.

But the truly incredible thing is that financial institutions are even willing to consider providing loans with fixed interest rates for such a long length of time.

It is superior financing to what you might acquire for almost any other venture you would make.

Check your credit score

The financial foundation for purchasing a home is established by your credit score.

Because your mortgage lender will undoubtedly check your credit before deciding whether or not to give you a loan, it is in your best interest to review your credit report well in advance of the application process.

Your credit score is determined by the information that is contained in the credit reports that are obtained on your behalf from the three major credit reporting agencies, which are Equifax, TransUnion, and Experian.

When communicating with your mortgage lender, it is important to review the information contained in each report and rectify any errors in order to avoid unpleasant surprises.

We strongly advise you to steer clear of any services that, in exchange for a fee, offer to obtain all of your reports on your behalf.

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You want the information to come directly from the reporting agency, with all of its flaws and shortcomings included.

It is in your best interest to check into your credit history and make any necessary corrections as soon as possible.

No matter how many times you’ve been turned down for credit in the past, there are two things that you should always keep in mind.

To begin, information in your credit file that is detrimental to your credit score can only remain there for a maximum of seven years.

After that, it is no longer relevant and cannot even be taken into consideration.

The only exception to this rule is personal bankruptcy, which can still be reported after ten years have passed. However, after that, you have what is essentially a blank slate to work with.

Second, when it comes to determining whether or not to lend you money, lenders are much more concerned with how you have been managing your credit in recent years as opposed to what happened in the past several years.

Even if you have filed for bankruptcy in the past, it is possible that you will be eligible for a loan after as little as two or three years if you have been responsible with your finances and have not gotten into any legal trouble since then.

To avoid any surprises, check your credit reports as soon as possible.

Find the Location That Suits You Best

The location of a home is one of the most important aspects that determines its worth, both on the open market and to the individual buyer.

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The good news is that there are strategies to ensure that you are paying the appropriate price for the appropriate place.

If you enjoy the neighborhood you’re thinking about moving into, you should investigate how it compares to the competition in the market.

The following are some of the areas that need to be analyzed for you:

  • The standard of the schools
  • Values of properties
  • Traffic
  • Crime rate
  • Future construction
  • Location close to schools, places of employment, hospitals, stores, public transit, airports, freeways, parks, stadiums, beaches, and cultural events like museums, concerts, and theaters.

If you are a first-time buyer with limited financial means, it is prudent to purchase a property that satisfies your primary needs and is located in the area that offers the best value for the money you are willing to spend.

When looking for the ideal neighborhood, make sure to keep your financial constraints in mind, in addition to the suggestions made above.

How to go about an offer in Action Real Estate

We will sit down with our notes on the home and the neighborhood, which will include the prices of other homes in the area, and figure out the most that you are willing to pay for the home, as well as the price that you anticipate paying, in order to arrive at the initial offer that you will make on the property.

Your first offer will probably be lower than the maximum price that you are ready to pay, but it shouldn’t be so low as to insult the seller.

Always keep an open mind and be willing to negotiate. Because of the very personal nature of real estate, any tension that is created between the buyer and the seller will only serve to make the transaction more challenging for all parties involved.

A proposal to buy comprises both the price and the terms, despite the fact that most of the focus is placed on the offered pricing.

In certain circumstances, the terms of a deal can provide thousands of additional dollars’ worth of added value for buyers, or they can represent additional costs.

The terms are incredibly important, and you need to go through them very carefully.

How much is the offer?

You might run into the recommendation that the price of your offer should be a given percentage lower than the seller’s asking price or a given percentage lower than the amount that you are truly willing to pay.

In actuality, the offer is determined by the fundamental rules of supply and demand, which are as follows: If there are a lot of bidders vying for homes, the sellers will most likely get offers for the entire price, and perhaps even more than that.

If there is a low level of interest, it may be prudent to make offers that are lower than the asking price.

What is the procedure for making an offer?

The method of making offers varies from one region of the country to another.

Your normal next step will be to fill out an offer form, which your real estate agent will then present to the property’s owner and the owner’s representative.

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In response, the owner has the option of either accepting, declining, or making a counteroffer to the initial offer.

Because counteroffers are prevalent (any change in an offer can be called a “counteroffer”), it is essential for buyers to maintain close communication with the real estate agent during the process of negotiation.

This will allow any proposed adjustments to be immediately evaluated.

How many checks have been performed?

Transactions involving residential real estate typically include a few different inspections.

Termite inspections, boundary surveys, appraisals, title reviews, and structural inspections are all part of them.

Appraisals are used to evaluate the value of a property for lending purposes.

In particular, inspections of structures are quite significant.

An inspector will visit the property during these inspections to evaluate whether or not there are significant physical flaws, as well as whether or not it is likely that costly repairs and replacements will be necessary over the next few years.

Buyers are encouraged to attend these inspections, which typically last between two and three hours and are performed on single-family homes.

When you take advantage of this opportunity, you will have the chance to investigate the property’s mechanisms and structure, as well as to ask questions and get significantly more information about the property than is possible during a casual walk-through.

If you make an offer on the property that might become your dream home, you go one step closer to turning your fantasy into a reality.

However, this step is extremely important because determining and offering the appropriate price for the item could either make or break the transaction.

Finishing the Transaction in Action Real Estate

It usually takes about a month from the time that the last offer is accepted and a contract is obtained until the transaction for the home can be finalized.

The following are some of the events that take place during the last month:

Get Loan Approval

We will contact your lender as soon as you have a contract so that we can inform him or her that it is time to receive the final approval on your mortgage.

If you took our recommendation and were pre-approved for your loan, then the majority of the work that needs to be done with your lender has already been completed.

Get Your Insurance

To be able to close on the house, you are required to have homeowner’s insurance in hand.

Call your insurance agent and provide them with the information about the home, your lender (who will be a co-beneficiary of the insurance), and the date that you will be closing on the property.

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If you do not currently have an insurance agent, we are able to make recommendations for reliable insurance agents who will be of assistance to you.

Get Your Initial Deposit Here

Check to see that you have ready access to the funds that you will be spending for the down payment.

At the time of closing, you will be responsible for paying this sum.

Prepare Yourself For The Final Stage

Because you do not want to be surprised at closing, we will make certain that you are aware of any additional charges that you will need to pay (or put onto your mortgage) at the time of closing.

These include the points (which you will have already discussed with your lender) as well as any costs (appraisals, inspections, a credit report), as well as any additional charges that were incurred by your lender.

We will be sure to carry a cashier’s check for the down payment and closing costs, a copy of your homeowner’s insurance policy, and any other papers requested by your lender when we go to the closing on the property.

The process of closing on a home can be difficult and nerve-wracking, but we will be there to guide you through it step by step.

There will be a flurry of signatures and documents, cheques will be exchanged, and before you know it, you will be holding the deed and keys to your new house if everyone has prepared themselves appropriately.

Because selecting and purchasing a home is one of the most important decisions you will make in your financial life, it is critical to have the assistance of a trained professional who can help you save time, money, and your sanity.

Begin in touch with Sylvia Collins as soon as possible to get the process rolling.

Action Real Estate Selling Guides

The process of selling your home can frequently be a stressful one, what with having to schedule appointments, having people come in and out of your home, negotiating a contract, knowing who to call to get questions answered, and working with lenders to get the home financed.

However, selling your home can also be a financially rewarding experience. Not to mention the expense of marketing your home as a potential purchase!

The process of selling your home can frequently be a stressful one, what with having to schedule appointments, having people come in and out of your home, negotiating a contract, knowing who to call to get questions answered, and working with lenders to get the home financed.

However, selling your home can also be a financially rewarding experience. Not to mention the expense of marketing your home as a potential purchase!

When it comes to coordinating the closing, I have everything under control; the termite report, the survey, the title, and the loan approval are all taken care of.

I can give you as the seller the peace of mind that your home will be shown to buyers who are pre-qualified, that when there is an offer presented, it will be reviewed and broken down for you so that you know what to expect at closing, and that when it comes to coordinating the closing, I have everything under control; the termite report, the

Which of these is the most compelling argument in favor of working with me to sell your house? AFFORDABILITY.

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Set your price tag

When it comes time to sell your home, it will go through a number of different “prices,” including the asking price, buyer offers, counteroffers, and the final purchase price.

The value of your home is the single most important factor in determining the selling price, but all of these prices are based on the same number.

It can be challenging to get started determining the value of your home and to set a price for it. The following recommendations will be of assistance:

Call a Realtor.

When you make the decision to relocate, Sylvia Collins will be happy to provide you with a comparative market analysis, also known as a CMA, as a marketing service with the intention of gaining your business.

A comparative market analysis (CMA) presents the prices of recently sold homes in the area that were comparable to yours, as well as the prices of homes that are currently on the market that are comparable to yours.

We are able to provide you with a general estimate of how much your house is worth, taking into consideration its dimensions, its current state, and the conditions of the housing market in your area.

Get an Appraisal.

Contrary to a CMA, a professional appraisal is almost never offered at no cost.

However, if you are going to make a significant financial choice that is dependent on the value of your home, spending several hundred dollars on an appraisal might be money well spent.

The amount of money you will need to spend on the appraisal will depend on the size of your home and the level of difficulty of the work.

An opinion of value is arrived at by appraisers after an on-site inspection of the subject property, a review of recent transactions involving properties that are comparable, and the consideration of other relevant data.

The report that the appraiser provides is a detailed description of your property along with the criteria that were used to determine the value.

Attend open houses in the neighborhood.

Attending open houses is a great way to view comparable homes that are currently on the market in your neighborhood and engage in conversation with real estate professionals about the current state of the local housing market.

Keep in mind that it might be difficult to be impartial about your own property, and you shouldn’t automatically assume that the price listed on a home that is for sale is equivalent to the home’s actual value in the market.

When all of these considerations are taken into account, the data obtained through open houses can be a valuable addition to the information obtained from other sources.

Do some digging online.

A variety of websites, some of which are free and some of which charge a fee, provide information on the value of homes.

Steps in Selling a home in Action Real Estate

Organize Your Residence

To begin, purge clutter from every room of the house, including closets, attic storage, kitchen cabinets, drawers, bathroom vanities, and shelves. Remember, now is not the time for sentimentality: if you don’t use it, you’ll lose it.

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Clutter turns off potential buyers, and most of us have far more possessions than we need.

When getting rid of clutter, don’t forget about the furniture and fixtures — most of us stuff too much into too little space, giving the impression that your home is too small to a buyer.

Then, with everything you’ve collected, have a great moving sale and use the proceeds to buy paint or other materials for repair projects.

If you can’t bear parting with some items, store them in the attic or somewhere else where a potential buyer won’t see them.

It’s time to deep clean after you’ve cleared out the clutter.

Have the carpets professionally cleaned, the floors stripped and polished, the bathrooms scoured, the laundry room inspected, the furniture polished, the cabinets scoured, the windows and window coverings washed, and the ceiling fans and kitchen appliances cleaned. Simply put, clean everything.

Don’t forget about the outside: paint or power-wash anything that needs it. Keep in mind that this is a ceiling-to-floor, roof-to-foundation clean-up.

Renovate and repair the home

Make sure your house is in the best possible condition before the first buyer arrives. Any flaws are a turnoff for potential buyers who expect nothing less than perfection in their new home.

Repair the screens, tidy up the porch frame, and make your entryway truly shine.

Remember to water your grass and landscape beds, and to trim, mow, edge, and remove any sick or dying plants.

Patch the grout in the bathrooms and on tile floors, adjust any doors that need it, fix any scratches on the walls, hide any stains, and make sure any plumbing issues are resolved.

Also, getting all of this done before having us make the first listing is an excellent idea – Sylvia Collins will advise you on what has to be done.

Also, if you have friends who are ready to be brutally honest about what your house needs to sell, have them appraise the repair requirements.

There is, however, a cost-effective alternative to the sweat equity gained from a thorough renovation.

An “as-is” sale allows you to avoid undertaking all of this work, but a buyer will value your home at roughly double what you would have paid for repairs.

Before making an offer, the buyer will subtract that amount from your asking price.

Home Promotion

It’s time to entice buyers once you’ve cleaned, shined, mowed, refurbished, and otherwise whipped your house into shape.

While Sylvia will implement effective marketing techniques, you must also contribute.

Whether you or a broker promote your home, there are a few extra things you can do to entice purchasers.

Open the blinds and turn on the lights, for example, even if it’s bright outside.

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Also, open all of the inside doors to give the impression of more space. Remove all of your children and pets.

Make sure your pet’s litter pail is clean as well, so your home smells clean and fresh rather than like air freshener.

Remember that you should make your home available to prospective buyers with as little notice as possible.

That means less than an hour, preferably less than five minutes.

Open houses are also a great way to make your home open to a large number of people at once.

The realtor usually advertises that the house will be open for a specific amount of time (2-5 p.m. on Saturday).

The Sylvia Collins hosts the home during the open period while the owners are away for a few hours.

The Sylvia will distribute material, keep a guest log, and answer questions at the open house.

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We’ll get feedback on the house and opportunity to follow up with potential buyers by communicating with guests.

Selling a House

Every seller anticipates the day when they receive their first offer on their home – and many sellers are disappointed.

Your buyer’s first offer is likely to be lower than what you’re willing to accept – and certainly lower than what he or she is willing to spend.

Don’t take the first offer too seriously.

If you were the buyer, you’d probably make a low initial offer.

It’s also crucial to keep in mind that the offer is more than a figure. It’s a contract that specifies what the buyer wants, how much he or she is willing to pay, and what criteria must be met in order for the sale to go through.

Contingencies, or unexpected events, are a vital component of the process. Some of the most common ones are as follows:

We make a counteroffer after we discuss the initial offer and you decide how it aligns with your objectives.

Perhaps you can divide the difference between the asking price and the first offer.

If you can keep a favorite fixture, you might be ready to accept a lower price for the house.

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We’ll continue to display the house and seek other buyers while the offer and counteroffer dance continues.

The more people who are interested in your home, the higher your final sales price will be and the more likely you are to get a good bargain.

Closing and Relocation

Selling a house is one of the most significant financial decisions you will ever make. A process known as “closing” occurs after the final offer has been made and accepted.

In essence, the buyer presents you with a large cheque (from their mortgage company) and you hand over the keys.

The process of closing can take up to a month. The buyer receives final permission on the house’s financing.

At this stage, you have two key responsibilities: closure preparations and moving out preparations.

Meet Action Real Estate Team of professionals 

Action Real Estate will be coordinating the majority of the closing details with the title company and other parties as your agent; ideally, you’ll just show up and accept the money.

However, we will keep you updated throughout the process so you can see how things are progressing as we get ready for the big day.

You should also prepare to leave the property after closing because it will no longer be yours.

If you’ve already had an offer accepted on your new home, it’s time to schedule the closing and schedule your move.

If you’re still looking for a new place to live, you’ll have to plan for interim accommodation and storage.

At closing, there will most likely be several people present: me, you, the purchasers, their agent (if applicable), and representatives from the title and mortgage firms.

The company will accompany you as you sign and initial paperwork and receive money for your home; we’ll both double-check what you’re signing to make sure it matches what we agreed to with the seller.

You’re finished once all the documentation and checks have been exchanged.

Congratulations on the sale of your home! A significant milestone in your life has been reached, and we would be honored to assist you in achieving this vital goal.

For any of your real estate needs, please contact Action Real Estate Team

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