When Should You Sell Your Home?

There are tons of factors that affect the success or failure of a home sale. The house itself and the location of the house are among the two major factors; however the biggest factor perhaps that affects this business deal is the market activity.

Trends in the real estate market is like Desa Kudalari, dictate whether it’s a good time to sell your home or not. Of course, all real estate agents and brokers would say anytime is a good time to sell – that would keep their market afloat – but when is it really a good time in the market to sell your home? And by good market, we mean a market that allows for homeowners to put the homes on sale at average or above average market rates and not worry about sitting in the listing for more than three months.

When You Should Sell Your House

How do you know if it’s a good time to sell a house? Here are some good ways to know if the market is good for home selling:

  • Observe the homes for sale around you. If they sell quick enough, it could only mean the market is doing well enough. Home sales around you are as best and as accurate as you can get a glimpse of how the market is like; however, you’d have to move a little bit faster to ride with the good news and to get into it sooner before everyone else gets to it. Remember, a rise in supply with average demand can cause a drop in prices.
  • Ask a real estate investor. Compared to asking a Malaysian real estate agent or a broker, a real estate investor can get you answers that are more subjective. An investor, just like you, buys and sells homes and properties and sees things practically the way you do on the selling part. His opinion and expertise on the matter of reading market trends in the real estate industry can help give you a more professional perspective without fear of getting hyped by agents who would benefit from your sale.
  • Read real estate news and other current events materials. The real estate industry is huge and is always relevant. The big players of this industry therefore have to keep informing each other of the latest trends and movements in the market so they keep a fair competition amongst each other. Keep your information search as close to your locality as possible; this will help you get a more accurate, more appropriate search and data results.
  • Keep watch of real estate predictions. While they may never be fully accurate, the system is quite close to precision nevertheless. You can use this information on deciding whether it’s a good time to sell your home, and when exactly is the best time to do that. You can also get some insight on any special strategies that you as Malaysian homeowner can do to have a better chance as successfully getting your home sold.

Take time to do extra research on the market trends and don’t just sit there and let your agent do all the work. Be a proactive home seller!

What You Should Be Looking Out for When Buying a Home

Buying a new home can be as exciting as taxing.

Those house visits and tours takes a lot of time, and depending on how far it is from where you are currently residing, it could be tiring and expensive, too. The only thing that could make that worse is buying a problematic home.

What do we mean when we say problematic home? Simple – homes with more problems and more issues and expenses than actually getting a new house; pests, damages, structural problems, bad neighborhoods – that among many others.

Home owners won’t always tell you the bad things, otherwise, they would lose a sale. But there are things you can look out for to know whether or not it’s going to be a good buy, or a really bad one.

How do you know you’re getting a good purchase? If you’re living on my side of town, what you should be doing first is to go here to read property reviews to start off things properly. After that, ask yourself: How can you tell if you’re buying a bad/problematic house?

Answer: you cannot do things at a glance. You have to do a thorough inspection to get to the bottom of the house, literally, and it might take more time than usual to check it efficiently.

But here are some things you could look out for, without having to turn the house upside down, to know how well your purchase would be. Here are some red flags you should be wary about:

  1. Emptying neighborhoods– if everyone within ten meter radius is trying to move away and sell their homes, there must be something wrong with the community. Ask the neighbors about the situation in the area. It wouldn’t hurt to pry a little bit.
  2. Generally unkempt area– are the ceilings a little worn out (even under a fresh layer of paint)? Are the window grilles rusty? Are the gutters growing its own garden of vines and other things that should not have been there? A poorly maintained home may mean a lot of problems in the future. If you are purchasing a eco-friendly house, make sure that its heating and airconditioning systems are working. You might have to handle cost of repairs that you would have otherwise avoided in a well-maintained home.
  3. Problematic financing history– check if the house is good to sell or is owned by the bank. You do not want to be assuming past financial responsibilities by purchasing a financially problematic property.
  4. Off-Limits Rooms– on a house tour, a home owner generally lets you in the entire house and gives you a ‘feel’ of how it would be to live there. If there’s a room that they would not want you to see, even if you insisted, something must be there that you’re not supposed to see – something that would probably turn you off and discourage you from buying the house.

As for structural problems, the best way to know how well the house fares, structurally, is by giving it a full home inspection – top to bottom. It would cost you a bit, but it would be totally worth it.

Don’t let your excitement take you over. Get your mind ahead of the game so you do not end up regretting every extra penny you spend for repairs. For more tips and property investment advice, remember to check out http://www.goodmorningrealestate.com/.

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