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361 Realty

Don't buy a house that will be difficult to resell.

Normally, most of a property's value is not in the house, it's in the land. You would do well to heed the old adage of buying the worst house on the best street, not the best house on the worst street. If you buy a house that is overdeveloped compared to neighboring houses, you may think you're getting a great deal when you buy it, but you will probably have a hard time getting back what you paid for it when it's time to sell.  Energy efficiency is something many buyer's are starting to demand.  Ask me more about GREEN HOMES and information.

Don't buy your new home until you have sold your current home.

This is generally sound advice unless you live in an extremely hot market and your Realtor is sure you'll be able to sell your home quickly. Timing is crucial, so start working with your agent to find a new home as soon as yours is listed. With a little bit of luck, the day you accept an offer on your home, you'll be able to make an offer on a new home and close both deals on the same day. At worst, you may have to live in a rental for a couple of months, but most people agree that moving twice is preferable to being stuck with two mortgage payments!  The days on market has been extend quite a bit since fall of 2008.  There is quite a bit of inventory in the Coast Bend and will be through at least 2010.

Select your agent to maximize your exposure.

When selling your home, you should select a real estate agent who can expose your property to the biggest market to ensure the fastest sale at the best possible price. Many buyers are online now days and internet exposure is crucial.  Ask your prospective agents about the different ways they plan to advertise your home. Good agents should use the MLS, national and local promotion on the Internet, yard and neighborhood signs, as well as ads in various newspapers and real estate publications depending on the market and demographics.