Gowen Realty - brokered by eXp Realty

Every situation is different but one of the biggest factors to consider is how long you plan to stay in the home. To benefit financially most experts recommend staying in a home five years before selling. There are many rent vs. buy calculators online that can help you determine what might be best for your situation.

A home inspector inspects all major systems and structural elements of the property. The emphasis is on identifying any existing or potential problems that could affect a purchasers buying decision.

An appraiser will make a physical inspection of the property and then gather information on comparable, recent home sales. Using this information they determine a fair market, or appraised, value of the property.

In determining pricing we prepare a comparative market analysis (CMA) looking at recent sales of comparable properties, similar properties that are under contract and currently active listings in your price range. Our goal with pricing is to increase visibility and interest in your property to maximize demand.

Pre-qualification is an estimate of what you may be approved for based on the verbal information you provide. Pre-approval means the lender has verified your income and debt information and run a credit check.

The length of time on the market depends on the market in your area and whether the home is priced realistically. On average, a home that is priced right will go under contract in two to three months.

We always recommend having a home inspection. A home inspector will give you an unbiased evaluation of the home's condition and will educate you about one of your greatest purchases.

1. Prepare it - clean, declutter, stage 2. Advertise it - determine price, strategic marketing 3. Show it - negotiate offers, get under contract 4. Sell it - Inspections & appraisal, closing day!

Closing Costs are fees that are associated with the purchase of property that are paid at the closing of a real estate transaction. They vary depending on where you live, the type of property you purchase, and the type of loan that you choose to take out. Typically, buyers will pay between 2% to 5% of the purchase price for closing costs.

Studies have shown the top 5 updates that give you the most bang for your buck are: paint, backsplash, windows, cabinets and bathroom vanity.

A buyer’s market means there are more homes on the market than there are buyers. In a buyer’s market, buyers have more negotiating power because they know that they can easily move on and get their desired terms met on another property.

When the supply of houses for sale is low, it’s much harder for buyers to find homes to purchase. As a result, competition among purchasers rises and more bidding wars take place, making it essential for buyers to submit very attractive offers. As this happens, home prices rise and sellers are in the best position to negotiate deals that meet their ideal terms. If you put your house on the market while so few homes are available to buy, it will likely get a lot of attention from hopeful buyers.

1. Price your house right 2. Keep emotions in check 3. Stage your house properly

Market value is the estimated amount active buyers would be currently willing to pay for a property. The assessed value for a property is used for taxation purposes and is calculated by a public tax assessor.

Under normal market conditions, the home buying process, from search to closing, takes about 10-12 weeks. Once a home is selected and an offer is accepted the average time to closing is 30 to 45 days.

Yes, for a few reasons. 1.Talking with a bank will help you understand exactly how much you can afford. 2.If you're a first time home buyer the are many first time home buyer loan programs available. 3.A mortgage professional can clearly explain the costs associated with buying a home. Having a clear picture of what you can afford will direct your home search and help avoid the disappointment of falling in love with a home out of your budget.