Thinking About Selling Your Home? We're your local experts on houses for sale in Amarillo!
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Selling Your Home - Q & As for those with houses for sale in Amarillo
Should I add on or buy a bigger home?
Consider these questions before making a choice between adding on to an existing home or moving up in the market to a bigger house:
What do all of those real estate acronyms in the ads mean?
If you find yourself stumbling over weird acronyms in a real estate listing while searching for houses for sale in Amarillo, don't be alarmed. There is a method to the madness of this shorthand (which is mostly adopted by sellers to save money in advertising charges). Here are some abbreviations and the meaning of each, taken from a recent newspaper classified section:
assum. fin. -- assumable financing
dk -- deck
gar -- garage (garden is usually abbreviated "gard")
expansion pot'l -- may be extra space on the lot, or possibly vertical potential for a top floor or room addition. Verify actual potential by checking local zoning restrictions prior to purchase.
fab pentrm -- fabulous pentroom, a room on top, underneath the roof, that sometimes has views
FDR -- formal dining room (not the former president)
frplc, fplc, FP -- fireplace
grmet kit -- gourmet kitchen
HDW, HWF, Hdwd -- hardwood floors
hi ceils -- high ceilings
In-law potential -- potential for a separate apartment. Sometimes, local zoning codes restrict rentals of such units so be sure the conversion is legal first.
large E-2 plan -- this is one of several floor plans available in a specific building
lsd pkg. -- leased parking area, may come with an additional cost
lo dues -- find out just how low these homeowner's dues are, and in comparison to what?
nr bst schls -- near the best schools
pvt -- private
pwdr rm -- powder room, or half-bath
upr- upper floor
vw, vu, vws, vus -- view(s)
Wow! -- better check this one out.
"Real Estate's Ambiguous Language You Oughtta Understand"< https://www.barnesandnoble.com/w/real-estates-ambiguous-language-glennon-h-neubauer/1001744213>, Glennon H. Neubauer, Ethos Group Publishing, Diamond Bar, CA; 1993.
How long do bankruptcies and foreclosures stay on a credit report?
Bankruptcies and foreclosures can remain on a credit report for 7 to 10 years. Some lenders will consider a borrower earlier if they have re-established good credit. The circumstances surrounding the bankruptcy can also influence a lender's decision. For example, if you went through a bankruptcy because your employer had financial difficulties, a lender may be more sympathetic. If, however, you went through bankruptcy because you overextended personal credit lines and lived beyond your means, the lender probably will be less inclined to be flexible.
What are some tips on negotiation for reasonably priced houses for sale in Amarillo?
The more you know about a seller's motivation, the stronger a negotiating position you are in. For example, seller who must move quickly due to a job transfer may be amenable to a lower price with a speedy escrow. Other so-called "motivated sellers" include people going through a divorce or who have already purchased another home. Remember that the listing price is what the seller would like to receive but is not necessarily what they will settle for. Before making an offer for one of our houses for sale in Amarillo, check the recent sales prices of comparable homes in the neighborhood to see how the seller's asking price stacks up.
Some experts discourage making deliberate low-ball offers. While such an offer can be presented, it can also sour the sale and discourage the seller from negotiating at all.
Do sellers have to disclose the terms of other offers?
Sellers are not legally obligated to disclose the terms of other offers on houses for sale in Amarillo to prospective buyers.
How do I prepare the house for sale?
First and foremost, call The Connie Taylor Group! Then, put it in the best condition possible, especially if you are in a market with few buyers and lots of houses for sale in Amarillo. That means taking care of any major repairs that could deter a buyer (such as replacing any broken windows or replacing a leaky roof) if you can afford it.
Next, work on your home's curb appeal. Make sure your landscape is pristine. Mow the grass, clean up any debris and weed the garden beds. Plant a few annual flowers near the entrance or in pots to be placed by the door. Other quick fixes that don't cost a lot of money but can help you get top dollar for houses for sale in Amarillo are:
Clean the windows and make sure the paint is not chipped or flaking.
Be sure that the doorbell works.
Clean and freshen up rooms, furnishings, floors, walls and ceilings. Make sure that bathrooms and kitchens are spotless.
Make sure the basic appliances and fixtures work.
Replace leaky faucets and frayed cords.
Eliminate the source of any bad smells, such as the kitty box. Use air freshener or bake a batch of cookies before your open house to ensure that the house smells inviting.
Invest in a couple of vases of fresh flowers to place around the house.
For more information and tips on how to make your houses for sale in Amarillo more enticing, please follow us on social media.