• What To Know if You’re Selling Your Home This Year

    lysthouse saves you money when buying and selling real estate

    The property market is turbulent and prices will go up and fall by the time you make up your mind to actually sell your home. When you need advice or just want to get a free home valuation to see how much your home is worth, give LystHouse a call. Our licensed experts can look at the market in your area, meet with you to consider enhancements, remodeling, or upgrades, and determine your home’s value.

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  • Preparing for the Home Buying Season – 10 Tips

    home buyer

    Finally, the home-buying season is coming up, as the real estate agents and home buyers start swarming the market. People often wonder “is this a good time to buy a house” or “is it a good time to buy property” – according to various experts, spring is the best time to find the house of your dreams and strike some outstanding deals whilst saving heaps in the process with LystHouse.

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  • Custom Closet Designs: 7 Details to Consider

    traditional-closet

    Custom closet design isn’t for the faint of heart. It takes time to itemize your belongings and create an efficient and organized wardrobe. The best approach is to assess your storage needs before meeting with your designer. Here are seven guidelines to follow if you’re lucky enough to be piecing together a new dream closet.

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  • Agents sell homes for more than FSBOs: study

    fsbo is obsolute and a thing of the past lysthouse

    Key Takeaways
    Agents tend to achieve higher sales prices for properties than comparable FSBO listings, enough to offset their commission fee, according to a recent analysis.
    Academic research has often cast doubt on the value of real estate agents, but a new study will come as music to their ears.

    It suggests that homeowners will net roughly the same proceeds whether they sell through a real estate agent or take the FSBO (for-sale-by-owner) route.

    That’s because agents tend to achieve higher sales prices for properties than comparable FSBO listings — enough to offset their commission fee, according to an analysis released by automated valuation model (AVM) provider Collateral Analytics.
    This makes a strong case for hiring an agent, considering that agents allow homeowners to reduce the work, risk, and time of selling a home, said Dr. Michael Sklarz, the CEO of Collateral Analytics and a co-author of the study.

    “Overall it is clear that FSBOs have a low probability of selling, and if they do they will likely net the same or less after closing issues, plus they are more likely to screw up on disclosures which may lead to lawsuits after the fact, when buyers discover material facts not disclosed,” added Norman Miller, who produced the study with Sklarz and is a real estate professor at the University of San Diego.

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  • The Best Time to Sell Your Home

    best time to sell your home in the spring

    When it is finally time to sell your house, conventional wisdom states that putting it up for sale during the peak season, beginning in spring and lasting through the summer, is the best option to take. However, what if you want to wait until the offseason break? Even though this might be a good move, would you be leaving your money on the table?

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  • LystHouse OfferNow

    OfferNow

    LystHouse OfferNow is a home buying option for home buyers who want to instantly make an offer on a home. In just a few clicks, home owners are able to make an offer with a licensed real estate agent. The instant offer is provided to the home buyer at no cost or obligation to buy. After a home buyer puts in their information, they will be contacted by a licensed real estate agent to verify and confirm information and answer any questions the home buyer may have. Next, LystHouse will reach out to the sellers and let them know that an offer is on its way for their review. Then the offer paperwork is electronically drawn up and sent to the home buyer to digitally review and sign before it is presented to the seller. Not a home buyer? We have answers for home sellers and investors too!

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  • Resolutions to Make If You Want to Buy a Home in 2018

    resolutions to buy a home

    Is one of the New Resolutions you made about buying a home? One of the most important factors which could make the home purchasing process a lot easier is to plan ahead of time. When you do so, you will be able to understand the process and choose the home which suits you the most. Planning well ahead of time also helps to discover some shortcuts which could be used in the home buying process. Here are some resolutions you should make to buy the dream home you always wanted.

    Resolution 1: Decide Exactly What You Want

    deciding what home to buy
    The very first and the easiest step is to decide what you actually want. You should be able to determine the where, when and what about this purchase. Some questions you should ask yourself are as follows:

    i. What type of house do you want?
    ii. What area would you like the house to be located in?
    iii. When would you want the purchase to be finalized?

    Because buying a new house is an extremely serious commitment you should definitely spend a lot of time in thinking about the whole process before making a decision. Choose a house in which you will be happy for several years to come.

    Resolution 2: Get Your Finances in Order

    saving to buy a home

    Once you know what exactly you are looking for, it is time for you to get realistic about what you can actually afford. How much money have you set aside for the down payment? What is your monthly budget for the mortgage going to be? Do you have the amount required for closing taxes and costs? Is your financial position stable? There are very few people who can purchase the house using cash. Therefore, start planning on getting a loan as well. Which leads us to our next resolution.

    Resolution 3: Get the Pre-Approval Before You Begin To Look for Houses

    get preapproved to buy a home
    Pre-Approval means speaking with a loan officer to have your credit files reviewed and getting the approval of the loan officer before-hand. If your loan officer believes you qualify for the given loan amount only then proceed to apply for a loan. Based on your income, debt, and other information, the lender is going to provide you with the pre-approval letter, which will effectively show your borrowing power.
    Even though it is not the final loan approval, these preapproval letters will be used to show that as a home buyer you have the ability to move forward with a home purchase successfully and is generally required to submit an offer on a home. This information is extremely important for homeowners as they are unlikely to accept offers which are probable to fail due to the finances. Loan officers are going to be very carefully reviewing your financial situation which includes your credit reports and other information and then s/he will suggest programs which meet all your requirements.

    Resolution 4: Use a LystHouse Real Estate Agent

    lysthouse real estate agent
    Purchasing and selling property is a highly complicated process. Even though at first it might seem that you can find the correct home by simply by searching for homes online ; houses differ, and so do the contract terms and conditions, finance options, inspection requirements and also the closing rates. This is where you would require the help of a LystHouse real estate agent. A LystHouse real estate agent has information about the in’s and out’s of the industry and knows how to effectively deal with the home seller to get you the perfect house in the price range you have. The best part is you’ll save money buying a home with a LystHouse real estate agent because LystHouse give .5% CASH BACK to first time home buyers. For those that are selling and buying, you sell for FREE when you buy your next home with LystHouse that saves you 3% on the sale side.

    By choosing and opting for the above mentioned real estate resolutions, you might be able to purchase the dream house you have always wanted in 2018!

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  • The Difference Between FHA and Conventional Home Loans

    the difference between conventional and fha home loans

    There are a lot of different questions regarding the conventional mortgage loans from those who want to buy a house. They often question why conventional loans are so much harder to get than the FHA Home Loans. Another frequently asked question is regarding the major differences between the FHA Home Loans and the conventional home loans.

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  • 9 Gift Ideas for New Homeowners on Your Holiday List

    happy holidays

    Buying a home is a big deal, whether it’s your first one or your fifth. There are so many things to buy, clean, paint, remodel, and more. If you have new homeowners on your holiday list, you might be thinking of ideas of ways to give them what they actually might need.

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  • The Best Time to Buy a House (SPOILER ALERT) …. It’s NOW

    winter mid century modern home for sale

    Home sales mostly tend to rise with the temperature. Summer and spring are historically supposed to be two of the best times to consider buying a house. The weather is comparatively warm, the inventory high, and the school year is slowly winding down. However, those who purchase the house during these peak buying seasons will also have to face more competition and even higher prices. On the other hand, all the home buyers who can brave the cold weather might be able to benefit in numerous ways by buying a home now.

    Even though winter home buyers are generally going to come across a small inventory, they have a noticeable advantage as they would have a fierce competition to face. Furthermore, in January the prices are supposed to be at their lowest. In 2019, with the mortgage rates likely to increase, there are numerous reasons why January is considered the best time to buy a house. Following are some reasons why you should purchase a house in January.

    The spring of the home selling season begins at the very beginning of the year which is January. Right after the very first day of the year, there is a sudden burst of activity from those people who have been waiting for the holiday season to end. It is this time of the year when people start to post about home listing and the prices are comparatively lower.

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