Should You Sell Your Home Yourself?Written by Sameer S Panjwani
Should you sell your home yourself? Yes and no. Yes, you should leave option of selling on your own open and no, you shouldn’t rule out using services of an agent to help you sell. There are a considerable number of advantages of using an agent to sell your home but their services do come at a price – up to 6% commission on sale price! That’s quite a sum, a precious $6,000 for every $100,000 your home is worth. Agents are not indispensable. With advent of Internet, a fairly sizeable number of owners have been able to successfully sell on their own. Statistics have it that 80% of home buyers begin their search for a home online. So, putting your home details on Internet is one effective medium of advertising your home and reaching out to a large number of buyers.So now, how would you go about doing ‘yes and no’ at same time? Well, agents may not tell you about this but there is a type of listing arrangement you can have with them, known as an ‘Exclusive Agency Listing’. Under terms of this listing, they would be exclusive agents handling marketing of your property and should they or another agent find a buyer for your place, your listing
| | How To Save Thousands In Interest On Your Home MortgageWritten by Sameer S Panjwani
So you have a mortgage on your home or planning to get one? Here’s something to consider if you want to reduce your interest payment and save on thousands of dollars. Consider going in for a bi-weekly mortgage payment plan.So, what is a bi-weekly mortgage payment plan? The difference in this type of mortgage plan lies in frequency of payments. Out here you make your payments every two weeks instead of every month. By going in with such a payment plan, you end up paying for 52 weeks in a year, i.e. 1 month more than otherwise 12 payments you would make with monthly plan (52 / 4 = 13 payments in a year). You may think why pay extra? But benefits are there for all to see. By going in for such a mortgage plan, you are reducing tenure of your loan as well as continuously reducing principal and interest which has to be repaid.
|
