Real Estate

The Most Important Sections of a Real Estate Development Agreement

The real estate development agreement is said to be an agreement that is made between a construction company and an individual, a commercial builder, and a city and a business organization and a city. It assists in buying and selling real estate property and is an agreement to develop an area of land for the purpose of commercial use.

The real estate development agreement has no legal regulation and so they are affected by the local laws and the contract laws. It is advisable that you take the help of the proper real estate guidance so that you can buy and sell the real estate property in the right way.

Sections of a real estate development agreement

You need to expand your knowledge about the real estate development agreement. You can go through this article to know about the 6 sections of a real estate development agreement.

First section

The first section of the agreement consists of the basic information about the agreement such as the name of the person who is associated with this agreement. It also includes the location as to where the property will be developed, the date when the agreement was signed, and the date of the beginning of the agreement.

The second section

The second section consists of the terms and conditions of the agreement. In case the agreement is only of construction of a simple home, it will only have 2 to 3 definitions and with the help of real estate guidance, your work will become much easy.

The third section

The third section highlight the plan of the project which includes the ground rules and property limits of the project. With the help of proper real estate guidance, you will get a clear picture of the plan of the project.

Fourth section

The fourth section is said to be the improvement section and it contains all the details of the improvement section.

Fifth section

The fifth section is said to be the witnessed section which clearly states all the necessary things that the real estate builder needs to follow so that the development agreement gets approved by the city. Before the approval of the agreement, it is the work of the city authorities to find out whether or not your plot is sectored for the property the real estate builder will intend to do.

Sixth section

The sixth and the final section stresses the landscaping rules, parking rules, and the other rules for the construction of the plot in the future. The time limit to complete the project is also given in this section of the agreement.

It is very important that you follow the six sections of a real estate development agreement properly. A real estate development agreement is said to be the most difficult agreement that you make in your life. You will find many of the forms of the agreement consist of one or two pages. However, these forms can be read and filled out in a very short time.

Real Estate

Do You Need a Real Estate Agent to Sell Your Home

The housing market is finally on the upswing again. But does that mean that you can strike it out alone and try to sell your home? Although this might seem like an appealing option, it might actually be a huge mistake.

Here, we will tell you the reality of whether you need a real estate agent or not to sell your home. We can tell you the many ways that it can help you when it comes to the whole process. The answer might just surprise you.

Save Money

Most real estate agents have the experience and community connections that you need to help you save money. When your house is sold faster, you can save serious money on the upkeep of your home while you are no longer actively living there.

Having a professional on your side during the negotiation process allows you to also get a better overall price for your home. Not only do you save money, but you will also earn more! They may also be able to put you into contact with local contractors who can help you with improvements you need for a lower price.

Save Time

Time is money (or so the old cliche goes). Selling a home can sometimes take months. Do you seriously have hours and hours to sink into selling your own home? We did not think so. But when you have a real estate agent who can take care of things like inspections and filling out paperwork, you can save lots of time.

You can use this time to do things like spend more time with your family, focus on more important work, or even use some of this time to complete projects to raise the value of your home.

Final Verdict

Selling a home can be a huge task. Clearly, a real estate agent is a great idea, no matter where you are selling. If you are not sure how to contact a trusted, local agent, simply do a quick online search. Or look in the yellow pages of your local phonebook.

Chances are there are more than a few around. A real estate agent can help you to save time, money, make you more money, and will give you valuable, instant connections in the community. How can you really say no to that entire in one package?

Real Estate

You Can Make in Real Estate When Selling Your Home

If you’re ready to put your home on the market you need to ensure that it’s in good repair and that it looks appealing to potential buyers. The real estate market is very competitive in most areas right now, so your home must stand out from the crowd.

Be warned however that not all home improvement projects will actually increase the resale value of your home or appeal to all buyers, so consider the best projects you might take on when selling.

Kitchens and Bathrooms

It’s said that kitchens and bathrooms sell a house, probably because most home buyers know how much money and time it takes to remodel and renovate these rooms. Homebuyers prefer the work to be done before they move in.

You don’t need to put inexpensive appliances or fancy fixtures in a bathroom and in some cases, these can be too personal and may not appeal to every buyer, but updated cupboards in the kitchen along with simple energy-saving appliances can be a great choice.

In the bathroom, storage is key so a new vanity around the sink and shelves where they fit can be a good option. A low-flow toilet can also save the homeowner money on their water bill and this too might appeal to buyers. In both rooms, new flooring and a fresh coat of paint can also make space look more inviting.

Repairs and Replacements

Other home improvement projects that are good for when you want to sell your home may include replacing your old windows with new vinyl windows that have an upgraded energy efficiency rating. These can save homebuyer money on their utilities and are always appreciated in new homes. A new roof or repairs to a roof along with new gutters and downspouts will protect home and a homebuyer will typically be concerned with the condition of the roof before buying.

An energy-efficient hot water heater, new furnace, and a new central air conditioner should also be considered if yours are years old. These too can save homebuyer money on utilities and they will know that they won’t need to worry about repair or replacement of these when they’re brand new.

These are the best home improvement projects you can consider when putting your home on the market. Ask your real estate agent for additional suggestions on how to improve your home as well.

Real Estate

The Best Time to Purchase a Home in Real Estate

Oddly enough there is a better time to purchase a home than others. Even if you put aside the buyers’ market/sellers’ market information (by the way you do want to buy a home when it is a buyers’ market) there are times of the month and year when you can make out better financially if you buy a home.

Buying a home during the holidays like Christmas is a great opportunity to buy. The prices are typically lower during the holidays although closings can take longer because so many people are out for the holidays so it can be a slower process but a better financial deal for you.

As a matter of fact buying in the winter, in general, is a better way to buy. No one buys houses in the winter. Everyone likes to move in the spring or summer when the kids are out of school by winter every one wants to stay put until the spring or summer so you may find a better deal in the winter.

In addition to the limited buyers out there let’s face facts a seller that is trying to sell their home during the holidays is a motivated seller. No agent would advise their client to list their house during the holidays unless they knew that this house had to be sold. Motivated seller, fewer buyers equals a great deal for you!

Let’s Talk About Rates

If someone would have said 30 years ago that mortgage interest rates were going to be less than 5% for people with good credit, people in the industry would have laughed. At one point in time, the mortgage interest rates in the 1980′s were as high as 13% and that was for people with decent credit!

The rates are low! Should that push you to buy? YES! If you can find a home that you want now while the rates are historically low than that is exactly what you should be doing. Get a 30 year fixed rate loan at those low rates and you will be set for life.

Frankly, it is a gamble to wait to see if the rates fall even lower. You can always refinance down the road if the rates do come down even more. The time to buy is when the rates are reaching historic lows because typically there is only one place to go up from the historic lows and that is up!

Real Estate

What to Do When Your Home Does Not Sell in Real Estate

If your house has been on the real estate market for quite a few months without any real offers, it might be time to take a new approach. If you are having trouble selling your home, it is easy to start feeling overwhelmed. However, there are a few things that you can do to try and sell your home once and for all.

Why is Your Home Not Selling?

There are a variety of reasons why your home may not have sold in a timely manner. You might have your home priced too high or it might just not be a house that shows well. No matter what the reason is behind the problem, you can do a few things to try and spark interest and get your home sold fast.

Temporarily Leave the Market

It is easy for listings to grow stale over a short period of time. This means that potential buyers might start overlooking your property. If you have not been able to sell your home in 90 days, you might want to try taking a break from the market.

Potential buyers start to examine why your home hasn’t sold yet and it makes your home not seem as desirable as other properties. Try taking your home off the market for 2 months and see if the new pool of buyers shows more interest. A fresh start might be just what you need to finally sell your home.

Lower You’re Asking Price

This might not be your favorite way to fix your problem, but it might just be the best solution. If you are not getting a lot of offers on your home, it might be time to reconsider your asking price. Listing your property at a slightly reduced price should attract more interest. This will help you sell your property faster and keep you from having to sit on it for a year or more. Adjusting your price slightly can often make a huge difference.

Give Your Property a New Look

Not selling your property doesn’t always have everything to do with price. You might need to freshen up the look of your home a bit to attract potential buyers. Making some fast and affordable changes to the look of your home can make a big difference.

The best part is that you oftentimes don’t have to invest a lot of money in your home. A fresh coat of paint or simply staging your home can be the change that helps you finally make a sale.