Frequently asked questions
American Resource Realty
Frequently Asked Questions
The exact price of your own home will depend on its size, neighborhood, and lots of other factors. Further complicating matters is your own skewed perspective: We tend to mentally inflate our home’s positives and airbrush out the flaws that are all too apparent to the cold, calculating eyes of buyers. “People always seem to compare their house to the most expensive sale in the neighborhood.”
To successfully sell a home, it needs to “win a price war and a beauty contest” all at the same time. If you hope to achieve the highest selling price and the shortest amount of time on the market, you want to make certain that you home shows well.
The answer to the question is YES! There are tons of reasons why you should talk with a bank and get pre-approved before looking at homes. First and foremost, talking with a bank before looking at homes can help you understand exactly how much you can afford. There is no reason to look at homes that are listed for $250,000 if you can only afford up to $200,000.
A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage.
The process varies significantly and depends on the state in which you are buying and the type of property you are purchasing. Once the seller has accepted your offer, it takes an average of 36 days to close.
Whether you purchased your vacation ownership directly from the developer or through a timeshare resale source, you typically do not have to sell through the resort. Often, those owners who try to resell with the resort are either turned away or placed on a lengthy wait list.