Richi Khanna's blog

If you're looking for your first home, a fixer-upper might sound appealing. These houses offer significantly lower rates because they require considerable repairs or upgrades. In today's market, where saving for a down payment on a house is extremely difficult for many people, the affordability of fixer-uppers is a huge benefit. Other buyers, maybe influenced by reality TV shows, may be interested in the potential gains from flipping property.

The appeal of a move-in ready home, on the other hand, is undeniable, and it may even come as a relief after a long home-hunting process. When...

To determine how much to offer for a home you're interested in, you must first understand how sellers price their homes.

Here are 4 common strategies you’ll start to recognize when you begin to view homes:

1. Clearly Overpriced:

Every seller wants to get the most money they can for their home, and real estate agents understand this. If more than one agent is competing for the listing, an easy way to win is to quote the seller an exorbitant price. This happens far too often, with many homes priced 10- 20% above their true market value.

Unfortunately, this is not in the seller’s best...

You may hear your real estate agent recommend home staging to improve its chances of selling. Before you dismiss an idea as unnecessary, you should first understand what it means and how you can benefit from it. House splits should not only clutter the house, but also personalise it. This is when you hire professionals to redesign the living space for new potential buyers. Home furnishing professionals understand how to optimise a home's layout and can usually use the furniture and accessories you already have. Small changes can sometimes have a significant impact!

Let your home attract...

Why It Is So Important That Your Home Is Correctly Priced and Marketed Properly

While many agents may promise to sell your home for the price you want, the reality of today's real estate market is that this is not always possible. The truth is that the majority of homes sell for less than the sellers were led to believe.

There are two variables at play here. On the one hand, be wary of agents who set unrealistically high list prices for homes just to get listings. This is extremely unfair because it sets homeowners up for disappointment and failure.
On the other hand, there...

Most people believe that figuring out how to get your home ready to sell and the best ways to make the most money is easy.

Here are the 5 Tips for Getting Home Ready to Sell

1. Pricing

Do your homework before deciding on a price. Price is marketing; it's your first impression. When I ask potential home sellers how much they believe their home is worth. They would state that it is X amount from the sender's website. You know, I've sold many homes for tens of thousands of dollars more than the asking price on this website. This is a private website, so do not rely solely...

An agent can cost or save you thousands of dollars

Choosing an agent is a critical decision that can cost or save thousands of dollars. You should ask very specific questions to ensure that you are best representing your needs. Some agents may prefer that you do not ask these questions because the information you gain from their honest responses will provide you with a good understanding of the expected outcomes of using them as an agent. Let's face it: not everything in real estate or life is equal.

Hiring a real estate agent is similar to any other hiring process: you sit at...

The housing market is changing, and if you are considering selling your home, properly estimating your home has never been more important.

We've all heard the big news about rising loan fees and a real estate market slowdown. Following the 2008 housing crisis, it appears that everyone will go crazy at the first sign of a housing market shift. The housing market has been steadily rising over the last decade, so it stands to reason that a correction would occur at some point to create a more stable market.

For those considering putting their home on the market sooner rather than...

Electrical

An overall home inspector may tell you that the electrical box is so old that it no longer meets city code. However, an electrician can tell you the best brands to replace it with and how much it will cost. In addition to other things, they can make various revelations. So, electrical boxes typically cost between $1,000 and $2,000. Check the electrical board and Google the base number to ensure it hasn't been reviewed or is about to be replaced.

Lead-based paint

Around 1990, the federal government prohibited the use of toxic paints. However, older homes and even...

Electrical

An overall home inspector may tell you that the electrical box is so old that it no longer meets city code. However, an electrician can tell you the best brands to replace it with and how much it will cost. In addition to other things, they can make various revelations. So, electrical boxes typically cost between $1,000 and $2,000. Check the electrical board and Google the base number to ensure it hasn't been reviewed or is about to be replaced.

Lead-based paint

Around 1990, the federal government prohibited the use of toxic paints. However, older homes and even...

When selling your home, one of the most common questions is: How much can I sell my home for? In this blog, we will discuss the standard practices used by realtors and appraisers to determine the value of your home. We will also talk about what factors, both directly and indirectly, influence the value of your home.

What Is A Home Value?

Home value has a slightly different meaning if you ask a mortgage holder, appraiser, or expense assessor. In any case, home value typically refers to the price at which a house is likely to sell, also known as current market value.
 

What...