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11 Real Estate Secrets Everyone Buying Or Selling A Home Needs To Know


Whether you’re putting your home on the market or looking for a new place for you and your loved ones tomake your own, the process is hardly everas easy as we hope it will be.

Both sidesof the equation areputting in exhausting levels of work, research, and preparation butif you happen to know a real estate agent, or are one yourself, you probably know quite a few secrets for making the whole process more seamless and less stressful.

Take a look below to see what you need to know before making ortaking an offer, especially if you’re a first-time buyer or seller. Even those of you who have been down this road a few times before might find yourself surprised by something you’ve been missing out on when it comes time to make a deal.

Did we miss any expert tips you rely on regardingreal estate? Let us know in the comments and be sure to SHARE with your friends!

[H/T: Trulia, Reddit]

1. Sellers Can Negotiate More Than You Think


Most people assume your agent is required to receive a standard six percent commission, but according to antitrust laws for real estate brokers, it would be a violation to have a fixed fee across the board.

2. Your House Probably Smells Weird


We all get used to the odors around us, so if you’re trying to sell your home,make sure you’re giving your abode a fresh aroma for perspective buyers.

3. There’s A Fine Line Between Lived In And Messy


There’s no need to go crazy with the cleaning supplies before an open house or showing you want folks to know they can be just as cozy and comfortable in the house as your family has been.

However, that doesn’t mean you should leave your laundry thrown around or dishes piled in the sink.

4. Your Agent Should Supply References


You’re trusting them with a very important job, so it’s only fair to see how they’ve done in the past with their previous clients. If they refuse, it’s probably not a great sign.

5. Fridges Can Cause Fights


Before anyone signs any paperwork while buying or selling a home, make sure you have a clear conversation about whether or not the refrigerator will be going with the seller or staying put. Sometimes sellers wait until the paperwork is printed to reveal their intentions, which can lead to some deal-breaking heated discussions.

6. It’s All Too Easy To Go Overbudget


It might be tempting to ask for a slightly larger loan from the bank or cut some of your personal spending to get your hands on your dream home, but you ultimately could end up wasting everyone’s time and even more frustrated than the arduous search process has already made you feel.

7. Flood Zones Can Be Sneaky


Even if the house is nowhere near a body of water, the path might make its way toward your new home, which is, of course, something to consider when it comes to insurance and protecting your belongings.

8. Pest Inspectors Might Not Find Everything


Even if you get an all-clear from an inspection, you might find your new home infested with termites, carpenter ants, and several other nasty critters you didn’t realize weren’t included in theroutine checklist.

9. Built To Code Doesn’t Mean What You Think


Though the phrase makes itsoundlike you’re getting a sturdy structure, it really just means the house meets the bare minimum requirements and could besecretly on shaky legs.

10. Plans To Remodel Can Save You Money


Not only do they need to make sure to tell your home inspector of what you’d like to remodel, just so they can verify the foundation is actually able to sustain your plans, but their information can also sometimes be usedas leverage to negotiate a lower price on your offer.

11. Closing Costs Need To Be Factored In


People often think they’re done shelling out dough after making their offer, but there’s always a two to five percentclosing costbefore they can hand you the keys. It depends on the final price tag, but on average, you can expect a sum around $3,700.

Did we miss any insider tips you’ve heard about buying and selling a home? Let us knowbelow and be sure to SHARE with your friends!

Originally found athttp://littlethings.com/