Ask Cary Real Estate, What is a Short Sale?

What is a Short Sale?  A Short Sale occurs when a home seller is allowed by their lender to sell the home for less than what’s owed on the mortgage.

If you are a home seller you may be thinking – I like that idea – not having to pay back as much as I owe – well, of course, it’s not that simple.  Typically several things need to occur before your mortgage holder will consider a short sale:

1)  You are delinquent on your house payments

2)  You have no other assets or ability to cover what you owe

3) Short Sale is the only option to avoid Foreclosure

4) Lender considers short sale necessary and possible

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What to Expect During the Home Inspection, Home Buyer Tips from Cary Real Estate

home inspector during home inspectionMost buyers really don’t know what to expect during the home inspection. Should they attend?  How long will it take?  Here’s a few tips to help you be prepared and know what to expect.

Should you attend the home inspection?     Yes.

If at all possible plan on attending the home inspection.  While it is not required for the buyer to be present during the inspection I’ve found that it helps.  You get to see the inspector working and can learn great tips about preventative maintenance items. (more…)

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How to Avoid a Huge Home Pricing Mistake, Home Seller Tips from Cary Real Estate

quotation-marks seller pricing

There are many factors that go into properly pricing a home, this is a simple yet powerful tip!  We all know the age old marketing ploy, price something at $9.99 instead of $10, it just sounds better right? No doubt this approach works it’s magic on our minds when we stroll the aisle of Target but don’t make the mistake of using this strategy with your home.

It can be a HUGE MISTAKE to price your home at $299,999 instead of $300,000!!

Curious Why?  I hope so.  It’s one of those simple things that’s so easy to miss.

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