Sunday, February 7, 2010

The Final Countdown (insert 80's tune here)!

The countdown has begun! There are only 81 days left to execute a contract on your dream home before the $8,000 and $6,500 tax credits are gone.

Selling a home takes time. You'll need to:
Get your current home ready for sale (to get top dollar in this market your home has to shine brighter than the competition),
Receive an offer (average days on market for all MLS areas is 100 days),
Negotiate the offer (can take a day, a week, or more depending on the terms being discussed),
Survive the option period (typically 7 -10 days in which the buyers can back out of the contract for a minimal fee),
Get to the closing table (taking anywhere from 30 - 60+ days depending on the type of loan and a variety of other factors).

Buying a home takes even more time because you'll need to:
Get pre-qualified for a loan,
Determine the area/neighborhood in which you want to live,
Identify your dream home,
Make and negotiate an offer (can take a day, a week, or more depending on the terms being discussed),
Complete the recommended inspections during the option period (typically 7 - 10 days),
Negotiate any repair requests (if the seller is not willing to make the repairs you want or decrease the sales price, you may be back at step #3),
Get to the closing table (taking anywhere from 30 - 60+ days depending on the type of loan and a variety of other factors).
If you've considered buying or selling a home, call me, and let's get you started on your way to owning a new home.

Respectfully,

Brooke Hengst, REALTOR®, CDPE
Your Castle Real Estate
C: 720-988-5952
F: 720-920-9850
brookehengst@yourcastle.org
www.brookehengst.com

- I don't just list your home For Sale, I get it SOLD!

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