Joe Ruben

Why You Should Sell Your Home: The Housing Market in 2019

housing market in 2019

Over 6 million homes were sold in the US last year.

That’s a lot of people upping shop and taking their real-estate elsewhere.

Sure, they’ll be selling for all sort of reasons. For fresh starts, new neighborhoods, better schools, proximity to loved ones, and so on and so forth. However, many will be making the most of a hot housing market.

It’s always tempting to sell up when you can guarantee many thousands of dollars more than you bought it for. Indeed, the market has been particularly good to sellers over the last few years.

But is that about to change? According to some, all that might be coming to an end. Obviously, you don’t want to lose money on a property. Is now a good time to get out while you can?

Keep reading to learn all about the housing market in 2019 and why now might be the best time to sell.

The Housing Market in 2019: 7 Reasons to Sell Up

Thinking of selling your home? Here’s why it might be a good call to sell as quickly as possible.

1. Less Demand for Housing

Supply and demand is the foundation of most financial matters.

If supply outweighs demand, then prices fall. And vice versa. If demand outweighs supply, prices rise.

This has been the case in the housing market over the last few years. Sellers have been spoiled. There haven’t been enough homes for buyers to get their hands on. As a result, new houses to market get bombarded with hopeful buyers. In bidding-war style, sellers have almost been guaranteed offers above the asking price.

However, for the first time in a while, the number of new houses for sale is starting to increase (yours could be the next one…). For now, there are still more buyers than houses. But that ratio is falling. Selling earlier gives you a better chance of ensuring a higher price for your home.

The longer you leave it, the more options a buyer has. And that means less money in your pocket.

2. Slowing Hikes to House Prices

House prices have soared over the last 10 years or so.

In March 2009, the average sale price of a home in the US was $259,800. In March of this year, it was $376,000. That’s an impressive increase of around $120,000 in ten years. However, this sort of growth can’t go on forever.

Indeed, since 2017, the tide has been slowly turning. House prices are still going up. They just aren’t rising at such an insane rate.

Coupled with more houses coming to market, expect house prices to plateau at some point soon. Again, getting out sooner rather than later ensures you get full value for your property.

3. But You Can Still Make Good Money

However, don’t be too alarmed by the falling prices.

The good news is that you still stand to gain a good sum for your home (if you act soon).

Indeed, falling prices will heighten demand. After all, more people will be able to afford to buy. Selling in 2019 is a sure-fire way to get the most money possible. Waiting too long may mean the value of your home falls from its current level.

4. Home Sales Peaked in 2017

The end of 2017 saw the highest number of existing houses sold in over a decade.

From there, sales-figures have shown a steady downward trend.

Fewer houses are being sold in 2019 than over the last year and a half. It signals a cooldown in real estate in general. The market was hot; now it’s less so. It is as good a time as ever to make the most of your strong position.

5. Increasing DOMs

We don’t mean the gym-related ‘delayed-onset muscle soreness’ kind of DOMs.

No, these sorts of DOMs refer to ‘days on the market’.

And they’ve been gradually going up for a little while now (even in places where the housing market is especially strong). In all honesty, growing DOMs is not a great sign. The longer a house is on the market, the less demand there is from buyers. Essentially, fewer new buyers are entering the marketplace.

All things considered, there are increasing numbers of houses available for sale, with the same number of people looking to buy. Suddenly, supply begins to outweigh demand. Which, as we know, means prices fall. Sellers suffer.

6. Declining Jobs, But Low Unemployment

The US is currently enjoying the lowest unemployment rate it has had in decades.

However, fewer jobs are being made available on the market. Simply, the labor market is pretty much at full employment. It’s becoming less possible to create more employment opportunities. That’s bad news in the long run for employment rates.

Remember, high employment means more people are willing to make large payments (such as for a house). After all, with money coming in it’s less of a risk. For now, the unemployment rate is remaining steady.

But with an increasingly saturated labor market, that might not last forever. Demand may dwindle. 2019 is a good time to leverage the current positive state of affairs.

7. Impending Recession

Unfortunately, recessions are happening at an increasing rate too.

Since the dark days of 2008, the US has enjoyed a (relatively) lengthy period of economic growth and prosperity. However, many economic experts are predicting that a recession is due in the near future. Some are betting on 2020. That’s next year!

If that’s the happen, then your ability to sell at your home’s current value simply won’t be possible. A paucity of money means fewer buyers and a general drop in house value.

Time to Wrap Up

There you have it: why, from looking at the housing market in 2019, now might be the right time to sell your home.

Sellers have enjoyed a prosperous last decade. The market has been hot, buyers have been plentiful, and homes have been in short supply. House prices have sky-rocketed.

But everything seems to point towards a turning of the tables. To avoid the disappointment of a missed opportunity now is arguably as good a time as any to sell.

Did you enjoy this piece? Are you now thinking of selling up? Call us now to see how we can make it happen.

How to Offload an Ugly House When It’s Very Thought Churns Your Stomach

ugly house

It’s time to sell your house, but there’s a problem: It’s ugly. Embarrassingly ugly.

Do you wonder who in their right mind would buy it? It’s stressing you out because you need it sold – like yesterday.

Good news is there are ways to sell an ugly house fast. Even better news, there are people in the market for a house exactly like yours.

Ready to get started? Let’s look at how you can offload your ugly house and get money for it fast.

Focus on the Positive

Even if your home is ugly, it’s bound to have features that potential buyers would love. Focusing the attention on why they should buy the house will help them see past the why not’s.

Does it have wood floors that are in good condition? Was the roof replaced recently? Are there two bathrooms when most of the homes in the area have one?

Point out these positive features in your listing and, if possible, take good pictures of them to show off. Making a good first impression will help bring buyers through the door.

Don’t Hide the Flaws

Honesty truly is the best policy, especially when you’re trying to sell an ugly house. While it’s tempting to only talk about the good and hide the bad, that plan will likely backfire later on.

Whether it be through a tour of the home or a house inspection, the bad will eventually show itself one way or the other.

If you didn’t disclose that information in the beginning, it will make you look shifty. The buyer may then wonder what else you’re hiding and choose to walk away.

Being transparent about the house will avoid surprises and any delays resulting from it.

The Right Price

If you know your ugly house is going to be tough to sell, why would you list it for top dollar? When it comes to setting the price, think about it from the buyer’s perspective.

A buyer will likely have to sink a bunch of money into the home to give it the renovation it needs. Even if it’s the ugly house in the most desirable neighborhood, that kind of home will not sell for the same price as others in the area.

Do research on what a reasonable price will be. For an ugly house, a reasonable price will sell faster than top dollar.

Do a Deep Cleaning

An ugly house doesn’t mean it has to be a dirty house. In fact, the cleaner it is, the more appealing it will be to potential buyers.

Roll up your sleeves and start scrubbing!

Shampoo the carpets and wipe down the walls. Get rid of any smells by cleaning with bleach. Wipe out the cabinets and make the windows sparkle.

Don’t forget about the exterior! Mow the lawn and trim any shrubbery. And if needed, a good power wash is always a good idea.

Don’t want to do the work yourself? Hire professionals or bride friends to help with the promise of a pizza party.

Declutter the House

When trying to sell an ugly house fast, buyers have got to be able to picture themselves living in the home. But that’s not going to happen if they can’t see past all your stuff.

Now’s the time to declutter the house. You’re moving anyway, so consider this as a head start on the moving process.

Rent a storage unit or moving pod and start filling it with things you don’t need on a daily basis. Remove bulky furniture and all your knickknacks. Depersonalize by packing up family photos and mementos.

Then get rid of all trash, both inside and out. The cleaner and more streamlined the home is, the faster it will sell.

Know Your Audience

Many buyers are looking for a move-in ready home. That alone is going to limit your buyers’ market. So instead, target those looking for a fixer-upper to sell your home fast.

Real estate investors and house flippers are looking for a home just like yours. They’re more likely to buy the home in as-is condition. And many times they’ll buy the house with cash for an even quicker sell.

With that in mind, use the right keywords in your listing to grab their attention. Words such as “Fixer-Upper”, “Investors Wanted!”, and “Sold As-Is” will do the trick.

Make Small Upgrades

Even the smallest new details of a home can make a big difference, especially in an ugly house. The best news is, it doesn’t have to break your budget.

A fresh coat of paint is cheap and easy to do. Update the fixtures in the bathrooms and kitchen or lay down new carpet.

Even making small repairs will make the place look better. Patch up any holes in the wall. Or fix that broken backdoor.

Upgrading the outdoors is an area any potential buyer will enjoy because they could see it as something checked off the list of what they’d have to do themselves. New flowers, added bushes, or planting a new tree for shade are all considered upgrades.

Consider a Facelift

If you want to go a little bigger then small upgrades, consider giving your home a fresh facelift with new siding. While it’s not the cheapest option, it will make a great first impression.

New siding will be attractive to all home buyers, even those looking to flip the house. It’s one less thing they’d have to do and that’s always a good selling point.

Plus, it will give your home a fresher, newer appearance, which might open the door to a few more potential buyers.

Just be careful not to overspend. Your home will still need a lot of renovations, even with the new siding. So you don’t want to spend more than what you could get back in the house sale.

Show Your Ugly House as a Diamond in the Rough

What you see as an ugly house, someone else sees as their future treasure. By using these tips, you can showcase your home to the right buyer and get it sold fast!

Want to get the process of selling your home started within the next 24 hours? Contact us today! Five Boro Homes will call you back to answer any of your questions and explain how we can get your house sold fast.

Sell Even Faster: Bring These Documents to Home Buyers to Speed up the Closing

home buyers

In 2016, 4% of home sales fell through after the sale was pending but before the sale closed.

Considering all of the work that goes into a home sale before the close, failing to close a deal is disheartening, to say the least. But there are steps you can take to help the home buyers along in the process.

Having all your paperwork in order at the time of closing will help close the deal faster. As such, you should be prepared with all the forms for selling a house before your closing meeting.

But what exactly are those closing documents? We’ll explain a bit about the more important ones below.

Residential Sales Contract With Home Buyers

Of all the paperwork in your home sale, the most important is the residential sales contract. Although this piece of paperwork is what initiates closing, it’s worth talking about.

The sales contract contains all the information related to the sale. That includes:

  • the purchase price
  • the date of purchase
  • the down payment amount
  • the date of possession
  • conditions (i.e. home inspection,financing)

When your purchase offer has been accepted and both you and the home buyers sign the residential sales contract, the contract is legally binding and you’ll enter into the closing phase of your home sale. The closing date is usually 30 to 60 days after the contract has been signed.

In this phase of the sale, your home sale is considered “pending”. During this time you’ll exchange things like the home inspection report and appraisal report. Then, you’ll need to prepare your documents for the closing meeting.

Closing Documents

To finalize your home sale, there will be a closing meeting. This meeting is hosted at a neutral third-party office. Whether the meeting takes place at an escrow company, a title company, or a mortgage lender will depend on the state in which you live.

If you have a sales agent, you may not be required to attend the closing meeting. However, the buyer and the agent are required to attend. There may also be a title company representative, real estate attorney, and loan officer present.

There are five important documents involved at the closing meeting. We’ll explain each in more detail below.

Closing Statement

The seller’s closing statement summarizes the amount of money you’ll receive from the home buyers. This number assesses and itemizes taxes, closing costs, and any other transaction fees. It lists all the fees and credits and tells you exactly how much you’re owed upon closing.

This document is the responsibility of the closing agent or title company. But to speed up the process during the closing meeting, you can ask for an advanced copy. Ask your agent to obtain a copy for you both to review and ensure the information is accurate.

Most Recent Property Tax Receipts

Your tax statement or property tax receipts will help you calculate the amount of taxes owed on your home at the time of the sale. The estate tax schedule of your geographic location will determine whether taxes are owed when you sell your home.

If the tax schedule in your municipality collects tax based on the following year, and your home is sold halfway through the year, you may be entitled to a refund. On the other hand, if the tax schedule in your municipality collects taxes based on the previous year, then you may owe taxes. You have to pay the taxes owed on your home to the point of the sale.

Make sure you have your property tax receipts and a good understanding of the municipal tax schedule where you live. This will help you figure out the taxes to be credited or charged on your closing statement.

1099-S Tax Form

In some cases, you may need to complete a 1099-S Tax Form for the IRS. This tax form indicates that you don’t qualify for a capital gains tax exclusion. The form tells the IRS you owe taxes on the sale of your home when it’s time to do your annual income taxes.

Title Search

The title search confirms the legal ownership of a property. It involves an examination of public records to find out what claims, if any, are on the property. The title search has to be finished before the title on the property can be given to the home buyers.

The title search must show that the seller is the owner of the property. As such, they have the sole right to sell the property to the home buyers. If there are any legal issues, such as a house lien, those will need to be dealt with prior to closing.

The Deed

Although the two are often confused, the deed is quite different from the title. Whereas the title search is a legal concept that defines ownership and, the deed is the physical document that transfers ownership to the home buyers.

The deed will have the names and information of both the seller and the home buyers. It will also have a detailed description of the property being sold. Once the deed is transferred to the home buyers, they legally own the property.

Sell Your Home Faster (And For Cash)

The process of selling your home is a long one that involves a lot of paperwork. After you sign the sales contract with the home buyers, you should start preparing the closing documents.

The closing documents include the closing statement, the title search, as well as the deed. But you’ll also need to prepare tax documents and ensure those are credited or charged on the closing statement. Having these items ready will help you sell your house faster.

And for the fastest kind of home sale, think about selling your home for cash. Contact us to learn more about how it works.

The Best Time to Sell a House May Not Be When You Think!

best time to sell a house

When’s the best time to sell a house? If you’re like most people, you may think it’s the spring and summer, when inventory tends to be higher and the warmer weather brings more potential home buyers to open houses.

But with the housing market expected to weaken through 2020, that may not be the case. Unexpected events can also arise and force you to put a house up for sale any time of the year.

As with many things in life, timing is everything when selling your home to get top dollar for it. Here are some tips on when to list your home to increase your chances at receiving a fair offer for it.

Your Home is Ready to Show

If your home needs minor repairs or you’re planning to renovate the kitchen, bathroom, or another area you may want to hold off selling it until everything is taken care of.

Upgrades and cosmetic fixes not only add to your home’s value (thus justifying a higher list price), they also help your home display well in photographs and in person. Even minor work such as power washing the exterior, trimming weeds and bushes, and applying fresh paint can boost curb appeal. Eliminating clutter will help show your home in the best possible light as well.

The Market is in Your Favor

Like the economy, the real estate market fluctuates every few years. Putting your home up for sale while the market favors sellers is a wise move, because anything can change in a few months.

When inventory is limited, you’re most likely to receive competing bids for your home. The downside is it can be a bad time for you to find a new home with so many buyers vying for the same properties.

But just because a market is favoring buyers doesn’t mean your home won’t sell. It all depends on what are of the country your live in and what the local economy and job outlook there is like.

Your Finances Are Healthy

Moving isn’t exactly cheap. Most people like to have a new home purchased and waiting for them before they move out of the current one. This requires having enough money to pay for the new home and cover moving expenses, closing costs, and staging if necessary.

That’s why if you’ve been on the fence about selling your home and you’re financially viable with secure employment, now may be a good time to switch addresses. This includes being debt-free and having enough money set aside in a nest egg to cover unforeseeable repairs.

The timing is even better if interest rates are low, as once they begin to creep up you’ll face higher mortgage payments.

You Have Equity

Buying a home is an investment and hopefully one where your return is greater than what you paid for the home. You don’t want to sell yet if you don’t have equity in your current residence. Enough of your mortgage should be paid off so that you make some money through the sale.

You Need to Relocate

Sometimes our dream job is one that requires us to move out of state or across the country. Or perhaps you need to move to care for a sick loved one or are getting a divorce.

Whatever the case may be, sometimes we’re forced to move when life throws us a curve ball, or we’re faced with an opportunity that may never come again such as meeting the love of our life or finding a better job. In these situations, the time of year you put your home up for sale becomes irrelevant.

You’re Ready to Downsize

Maybe you’re an empty nester or widow who now finds you have too much living space to maintain. If downsizing into a smaller home can reduce your expenses and stress, that’s a sign you may want to sell your current home.

Keep in mind that in any of these circumstances, you also want to be emotionally ready to sell. This means being willing to vacate your home at a moment’s notice, working with a real-estate agent, and keeping your home clean and presentable. Selling a home can sometimes feel like a full-time job, so don’t do it unless it feels right to you.

Is the Best Time to Sell a House During the Warmer Months?

To be honest, the theory that homes tend to sell faster during the spring and summer doesn’t really have evidence to back it up. If you live in an area such as Arizona or Florida where the climate is pleasant during the winter, then your home is going to attract buyers any time of the year. Some buyers also like to make offers during the winter months because they’re facing less competition.

There are many factors that affect how long it takes to sell a home. Your location, the home’s condition, and listing price can play a part in getting an acceptable offer.

You may want to wait to sell your home until everything has fallen into place and you just know in your gut that it’s the right time to make a move. Selling a home is an important life milestone that shouldn’t be treated lightly.

We Can Help You Sell Your Home Fast

Usually the best time to your sell a house is when you know it’s time. But sometimes, as mentioned above, you may have to sell your home right now—and quickly.

Five Boro Home Buyers pays cash for homes in the New York City area. If you can’t afford to wait to sell your home for whatever reason, contact us for a fair cash offer.

8 Tips for Finding the Right Companies that Buy Houses for Cash

companies that buy houses for cash

Selling a house takes time. And it costs money. The average home sale costs the sellers more than $10,000!

Sure, you’ll make some money, but what can you do when you need to get out of your house fast? Not everyone has time to wait for their home to sell through the traditional real estate agent setup.

That’s when you should start looking for companies that buy houses for cash. They’ll pay you upfront and close on the house quickly.

But how can you find a company you can trust? What should you look for?

We’ve got you covered. Here are a few tips to help you find a reputable company to work with.

1. Speak with Friends

Lots of people sell their homes for cash, especially if they need to get out of the house quickly. And that means lots of people have worked with companies in the past. So, ask around.

Speak with friends who have sold their homes recently. Ask your coworkers for recommendations. You can even ask your attorney for suggestions.

Word of mouth is key and if someone else had a good experience with a company, you probably will, too.

2. Read the Reviews

Every cash home buying company will have reviews online. And it’s worth checking them out.

See what their reputation is like on the internet. Remember, internet reviews are anonymous and people often feel more inclined to say exactly what they’re feeling. This can give you insight into how the company operates.

If the reviews are good, the company is worth working with. If they’re bad or several people report the company as a scam, steer clear.

3. Check Their Profile at the BBB

General internet reviews are a great place to start, but once you have a list of companies you’re interested in, do a bit of digging on the Better Business Bureau’s website.

There, you’ll find additional reviews from verified customers. And you’ll be able to check the history of complaints filed against the company. Ideally, look for companies with A ratings.

4. Ask for References

It’s normal to interview more than one company when trying to get the best offer on your house. And that’s the perfect time to ask for references.

Reputable companies have previous clients that are more than happy to discuss their experiences with you. But you need to ask for those references and follow up with them.

If their past clients recommend them and had no concerns during the selling process, you’ll be in good hands.

5. Make Sure a Cash Sale is What You Want

Before you start working with a company, you want to make sure that a cash home sale is what you want. Otherwise, any company is going to feel like a bad fit.

Think about what you’re looking to accomplish. Are you hoping to get the most you can out of your home sale or are you needing to sell as fast as possible?

Cash sales may not be the right fit for every seller. And that’s okay.

6. Beware Pushy Tactics

Selling a house for cash does mean you’ll likely get a lower-than-market offer for your house. Why? Because the company is paying you in cash and sparing you the expense of working with a realtor.

But if the sales team is overly pushy and tries to get you to agree to a deal without giving you time to think about it, walk away. This is a surefire sign of a disreputable company.

Good cash home buying companies want you to make the best decision for your needs. This means they’ll be understanding if you need to think about the offer or want to discuss it with your family.

No homeowner should feel pressured out of their home, no matter what the circumstances are.

7. Look for Surprise Fees

Just as reputable companies won’t use pushy sales tactics, they won’t charge you any fees you’re not fully expecting.

If a company requires an application fee before they look at your home or asks you to pay a commission on top of other processing fees, walk away. These companies are out to nickel and dime you out of the money you deserve.

Trustworthy companies will always be upfront about any fees you have to pay (if you pay any at all). They’ll always give you an offer for your property for free. And you should never feel forced to accept that offer.

And you should never have to pay for the closing costs or any repairs during a cash sale. Your home should sell as-is and the cash house buying company should cover all closing costs and filing fees.

8. Go Over the Deal

Reputable companies want you to make sure you’re doing the right thing and that you’re comfortable with the situation. Go over the offer in detail with everyone involved. You can even take the written offer to an attorney and have them inspect it.

The most important thing is that the company offers you the chance to think about the deal before taking it. And you’ll know immediately if the company is one you should avoid—they’ll refuse to give you time to think.

The Best Companies That Buy Houses for Cash Aren’t Hard to Find

There are hundreds of companies that buy houses for cash. But not all of them are trustworthy, fair, and worth your time. Use these tips to weed out the bad from the good and get rid of your unwanted property fast.

If you’re ready to sell, whether the house is in good condition or needs a bit of TLC, don’t wait. Contact us today and let our experienced New York real estate pros get you a fair cash offer for your home.

Close with Confidence: The Most Important Real Estate Terms for New York Home Sellers

real estate terms

Selling a home can be a trying time. First, you must prepare your home for the market which includes a long list of to-do items like cleaning and fixing minor or major issues. Then, you have to list your home which is a whole new world of real estate terms and big numbers.

That’s why you need to know real estate terminology before you list your home for sale. It could actually help you make the right decisions as you prepare for this extreme life event.

Whether you’re thinking about selling your home or you’ve already listed it, we’re here to help. Keep reading for a comprehensive list of all the important real estate terms that sellers should know.

Real Estate Terms Sellers Need to Know

Real estate jargon is a complicated language with a lot of terms and definitions. Not knowing what something means when your real estate agent or buyer or even banker is speaking to you can cost you time and money in the long run. It can also cause you to be taken advantage of if you’re not careful.

Take a look at these terms and make yourself familiar with them so that you can have educated discussions with all involved throughout the process of selling your home.

Listing Agent

If you’ve already listed your home, you may be familiar with this term. The listing agent represents the seller to home buyer’s and buyer’s agents.

Real Estate Agent

Sometimes also known as a realtor. Realtors must be members of the National Association of Realtors. Real estate agents and realtors can represent buyers and sellers as long as they hold current licensing.

Real Estate Broker

Real estate brokers generally work over other agents. They have passed a state broker’s exam and met a minimum number of qualifications to earn this title and responsibility.

Buyer’s Agent

You may have had a buyer’s agent when you bought your home. This agent represents the buyer during the sale process and transaction.

Loan Officer

A loan officer assists buyers with the purchase of a home. They generally work for mortgage brokers or banking institutions.

Commission

Real estate agents and loan officers earn their living off commission. This is the premium charged, typically a percentage of the sale of a home, for services provided.

For Sale By Owner (FSBO)

If you are interested in selling your home without representation, you may list it yourself. You will be solely responsible for advertising the home. This is an easy way to avoid paying commission.

Owner Financing

May also be known as seller financing. This definition is just like it sounds – the buyer finances the home directly through the seller thereby bypassing conventional mortgage lenders and financial institutions.

Multiple Listing Service (MLS)

One of the most important real estate terms to know when trying to sell a house is MLS. The multiple listing service is a nationwide listing site where agents and sellers can list details of their property for sale so that buyers can find them.

Staging

Many sellers find it beneficial to stage their homes according to trends in decor and design in order to appeal to buyers’ interests. You can hire a home stager or do it yourself.

Pre-Qualification

In realtor terms, a pre-qualification simply means that a buyer has the credentials to purchase a home.

Pre-Approval

A pre-approval indicates that the buyer has the financing to purchase the home.

Appraisal

When selling your home, you must have it appraised in order to evaluate the market value. The appraiser will determine this value by comparing your home to other homes in the neighborhood.

Equity

Once your home is appraised, you will know how much equity is in the home. This is the amount of worth minus the difference in what you owe on the home. In other words, it is the profit you will receive for selling the home if you receive full asking price.

Inspection

Each home for sale must have several inspections before a mortgage company will approve the purchase. This may include structural inspections, pest inspections, and others upon request of the buyer.

Contingency

Contingencies are certain stipulations in a real estate contract that must be met prior to the final sale of the home. These are generally provided by both buyer and seller.

Counteroffer

Once a buyer offers you an amount on your home, you should always come back with a counteroffer. This should be a lower amount than what the buyer proposed but within your comfort range.

Purchase Agreement

There’s always a lot of paperwork when it comes to selling a house. Including a purchase agreement. This agreement demonstrates the buyer’s intent to purchase your home.

Title

A home title is similar to a car title – it represents your rights to the property. Each time a home is sold, the title is transferred from seller to buyer which gives the buyer legal rights to the property.

Closing

The closing is the last stage of a sale transaction. You will meet with the buyer and any agents that have been involved as well as a title closer to sign all necessary documents which legally transfers the property from you to the buyer.

Final Thoughts

Knowing all of the proper real estate terms will benefit you throughout the process of selling your home. Keep this real estate glossary with you as you navigate buyers and agents so that you have something to reference when they start throwing around mortgage language. Not only will you feel more confident, but you’ll also come off as knowledgeable to those you’re dealing with.

If you have questions or want to sell your home fast, don’t hesitate to contact us. We buy homes for cash!