lynchteam@amerifirst.us

530.244.0913

Thinking of Selling your Home?

 

 

Download Free Seller Report

Download our FREE 15-page report

Strategies for Selling Your Home & Buying Another in Today’s Market.

 

What’s in the Report?

  • Clear instructions on how to find out what your home would likely sell for.
  • How to calculate how much you’ll have left after it’s sold.
  • Suggestions on finding the right agent to sell your home.
  • How you and your agent can make sure your home sells quickly and for the right price.
  • How to play with different scenarios for the home you would be buying, how much of your proceeds to use for a down payment and how that affects your monthly payment and the total cost of the new mortgage.

    Fill out our form for a free download now

    Strategies for Selling Your Home & Buying Another in Today’s Market

    This doesn’t have to happen to you.

     

    The way to avoid what happened to Marci and Steve is to know and understand your options before you even think about looking for the home you want to buy.  And most importantly, know how much house you can afford before you try to buy one!

    After Marci and Steve got turned down by their lender, they came to us to see if we could save their chance at buying that home.  We couldn’t do that – it was too late – but we did help them set a goal to get their finances in order and qualify to buy a home within the 6 months..  They stuck to the plan we helped them set up and 6 months later we pre-approved them for a loan, they found a house they loved, and they’ve been living in that home now for several years.

    You want to make sure you can be approved for mortgage financing before you start looking for a home.  All of us on the Lynch Team are dedicated to helping you find the answers you need, so you know all these things:

    • How to be pre-approved for a mortgage ahead of time — even if you’ve had credit problems in the past
    • Why all banks and mortgage lenders are not alike
    • Rates and closing costs are not the same everywhere
    • How your income will be used to figure the payment you can afford
    • How to negotiate with the seller to get your home for the lowest possible price, given current market conditions
    • How to work with credit counselors if your credit has been damaged
    • How to choose the loan program that will work best for you (there are many, and some you’ve probably never heard of).
    • Why you need to use a “Buyer’s Agent” type of real estate agent to help you buy your first home.

    Sneak Preview of our Report

    #1 Technique

    If you are a home owner and you would like to sell your home and buy something that would be better suited to your current needs, you may be wondering about the current value of your home and whether you would net enough from its sale to buy that next home.    How would that whole process (selling your current home and buying another one) affect your overall net worth and financial position?

    A great deal depends on your specific situation. Let me give you an example:

    Let’s say that you purchased your current home in 2008, for $250,000.  Let’s further assume that you made a down payment of about $25,000 and borrowed the rest — which means your original loan amount would have been about $225,000.  Interest rates at that time ranged from 3.5% to 4.5% and your monthly mortgage payment would have been about $1140 per month.

    #2 Tips and Techniques for Selling Your Home

    1.Monitor your agent’s online marketing. 92% of homebuyers start their search for a home online and they will never even get in the car to come see your home, if your  online listings aren’t attractive.  In real estate, that means pictures!  A study by Trulia.com shows that listings with more than 6 pictures are twice as likely to be viewed by buyers as listings that had fewer than 6 pictures.

     

    2. Choose Your Words Carefully. For a seller, advertising that you’ve recently painted your house seems like a no-brainer.  But in a study that looked at nearly 60,000 residential real estate transactions in Texas, listings that mentioned new paint, new carpet and/or roof work sold, on average, for slightly less than those that did not. Thomas A. Thomson, the study’s coauthor and the director of the Real Estate Finance and Development Program at the University of Texas at San Antonio, says that buyers aren’t going to be fooled by a problem house simply because it has a fresh coat of paint.  “It’s kind of like putting lipstick on a pig,” he says.  But even if there’s nothing wrong with the house, an ad that talks about new features can set off alarm bells in a buyer’s mind.  If a seller says everything is new a buyer might wonder why everything needed to be replaced—and whether there are other defects lurking.  Thomson recommends sellers take the simpler route: Let potential buyers be surprised by the quality of the home instead of disappointed by how average it is compared

    Strategies for selling your home and buying another in today’s market

    Download Our Free Report