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The home inspections process is often one of the greatest obstacles to closing a swift sale. If the inspector finds issues with your property, your buyer can leverage these findings to negotiate a lower price or even walk away from the sale. According to the National Association of Realtors (NAR), home inspection issues were responsible for 11% of delayed contracts and 9% of contract terminations in 2021. Thankfully, you can take a proactive approach with a pre-listing home inspection. By completing a home inspection before you list your home, you can tackle necessary repairs upfront to avoid related delays and price reductions. The impact an early inspection has on your sale depends on your unique property and market conditions. We’ll break down how a pre-listing home inspection works and how it can benefit your home sale. Source: (ALPA PROD / Shutterstock) Pre-listing home inspections are just like standard inspections A pre-listing home inspection is the same as a standard ...

Today, the national average real estate agent commission fee sits around 5.8% of the sale price. The average commission fee fluctuates over time, although usually by just a few tenths of a percent. Since the listing agent and buyer’s agent split the commission, each Realtor® makes around 3%. While paying 5.8% commission is fairly standard, your commission may vary if your home sale deviates from the norm. For a more in-depth look at what percentage Realtors® make, HomeLight spoke to a leading real estate agent and analyzed the latest stats on real estate agent commissions. Real estate agent commission fees are split between agents “The seller pays around 6% commission and the buyer’s agent will take roughly half of that, so the total commission price is split between the two agents,” explains Shawn Hartmann , a top real estate agent in St. Paul, MN, who has over 16 years of experience and more than 400 transactions under his belt. You can estimate how much 6% commission will be f...

While contemporary industrial interior design is essentially a 20th century movement, its roots can be traced back to factory buildings of the 18th and 19th centuries . The style draws inspiration from unfinished, utilitarian factory spaces, highlighting the beauty of raw wood, concrete, brick, and exposed pipes. With mainstream popularity, industrial interior design furniture and accessories are available at retailers like Restoration Hardware , IKEA , and Anthropologie . “With the growth of online shopping and design, it’s easier for the everyday consumer to not be intimidated by the style that we once only saw in Tribeca and Soho,” notes Maria J. DePasquale , a top real estate agent in Princeton, NJ, who works with 65% more single-family homes than her peers. Today, you don’t need to live in a converted warehouse to embrace the industrial aesthetic. We’ve rounded up 11 tips to help you nail the look with help from DePasquale and Philadelphia-based designer and salvage expert, Chr...

Fire season seems to grow longer and more destructive each year . In California, the state with the highest fire risk in the nation, seven of the ten most destructive fires in the state’s history have burned in the last five years alone . As wildfires grow in size and ferocity, so too does the danger to nearby homes and their respective property values. One study published in the Journal of Forest Economics found that property values in a community just two miles from the burn zone fell as much as 15% . Another study published in the Journal of Real Estate and Economics found that house prices fell by 10% after a first fire and then fell again by nearly 23% after a second fire. Regions that experienced a second wildfire reduced property value by as much as 23% . San Jose real estate agents Jennifer and Andrew Oldham , who work in fire-affected areas, confirm this finding: “The first fire has an impact; then a second fire brings more awareness and there’s this exponential decrease...

Moving to a new place is exciting. Paying for the move, on the other hand, can feel like a nightmare. With boxes, truck rentals, new furniture, and other moving fees, the cost can add up fast. Moving.com estimates that it costs as much as $2,994 to move a 2 to 3 bedroom house just one zip code over (ouch). If you’re feeling overwhelmed by moving costs, we’ve got you. Here are eight simple steps to save money on moving costs: 1. Negotiate for your employer to subsidize your moving costs If you’re moving because of your job , you can negotiate for your employer to cover or subsidize your relocation costs. Some companies offer “relocation packages” to employees moving from out of the area. According to a survey by Allied Vans, about  26% of people moving for a job received relocation packages , while another 28% received funds to help with house hunting and miscellaneous expenses. Employment giant Monster.com recommends finding out what kind of relocation packages are typical at...

When Sedona, AZ, interior decorator Jessica Moreau of Moreau Design put her house on the market last year, she knew exactly how to showcase her home for a top-dollar sale. Instead of spending thousands of dollars to update her kitchen, Moreau focused on inspiring buyers with staging . She laid out fresh lemons, a wood cutting board, and a vase of fresh flowers. “It conveys the message of ‘This is a culinary experience,’” she explains. “If you can’t change the kitchen, you can put in culinary accessories. Playing with people’s senses is really powerful.” The home sold for $25,000 above asking price; the buyer placed the offer after a preview showing before the listing went live. Studies prove that staging helps homes sell faster and for more money. In the National Association of Realtors’ (NAR) 2019 Profile of Home Staging, 83% of buyer’s agents reported that it’s easier for clients to visualize themselves in a staged home. A quarter of surveyed agents said that staging a home resul...

You list your condo for sale, and your agent calls — she has a buyer. You’re mentally packing your bags, but not so fast. The buyer has a Fair Housing Administration (FHA) loan approval . And that means your condo association needs FHA approval , too. If you’re thinking about selling your condo , consider checking to see if your community is FHA-approved. A certified complex could help you sell faster, particularly in a buyer’s market when sellers vie for offers. “[FHA approval] opens your buyer pool to so many more buyers,” says Ellen Connelly , a top Massachusetts real estate agent who’s sold 52 more condos than the average agent in her area. That’s because FHA lenders approve first-time homebuyers who may not otherwise qualify for a conventional mortgage. The National Association of Realtors® reported in March 2021 that 16% of homebuyers financed their home with an FHA loan . FHA’s primary draw for buyers: accessibility . Among other benefits, FHA loan borrowers can qualify for a...