What is the Eight Second Decision?

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Statistics have shown that buyers decide whether they like a home or not in the first eight seconds of seeing it. After this, they either fall in love or are just honoring the appointment. This may be unnerving for you if you're trying to sell in Bloomington.

This is why it's so important to repair your home before you try to sell it, because it's likely that buyers will be turned off if you have glaring problems with your home. If you have time and a budget, you can hire a professional to assess the problems and fix them. This is more expensive than making your own evaluation, but it will likely end up being a better solution. 

Once you do take a look at your home and notice the small problems, you may feel a bit overwhelmed, but all of these little repairs will pay off in the end. Make sure your landscaping is done well and that any other noticeable issues are taken care of. 

If you're thinking of buying or selling your Bloomington home, please don't hesitate to call me at (812) 360-3863! I would be very happy to do a free consultation with you. 

How Can You Improve Your Credit?

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You may be wondering why there are credit repair companies out there. These credit repair associations (CRA's) act quickly to investigate and correct erroneous information so that you can get approved for a mortgage loan. 

If you contact a CRA, they must investigate the validity of your claim within 30 days (at no charge to you). However, if the CRA drops the dispute, it's considered an expedited dispute resolution. Once the CRA has done this, it no longer has to do the other protections it provides. If you run into the same problem again, your credit report may once again go back to square one. 

So, what can you do instead of hiring CRA experts to fix your credit? You can call me.

I have a local lender who can help solve your credit report problems. I would be very happy to connect you!

Do You Need Relocation Assistance?

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If you have been thinking of relocating, or if you're in the process of moving from one place to another, we can assist you.

Even when you know where you're going, there will be many other things that you need to think of. We suggest recognizing and prioritizing your needs before picking a home. If you have children, you'll want to consider which school districts to place them in, and what part of town you'd like to raise them in.

It's also helpful to look into upcoming community events like fairs, festivals, concerts, or holiday celebrations in order to get a better feel for where you will be living. Attending one or two events like these can help make your decision much easier. 

Population density and traffic should also be a factor for you. Considering what your daily commute will be like is important, and this should also be an important factor for relocation. 

Accessing all of this information is much easier on the Internet, which in turn can make your relocation process much easier. 

If you would like more information about the relocation process call us today at (812) 360-3863!

How Should You Deal With Multiple Offers?

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Welcome back, today we are discussing multiple offers. In our current market, we are seeing multiple offers quite frequently, which is a consequence of having more buyers in the market than homes. In the $100,000-$125,000 price range, we have a 2.5 month supply of homes. That means if no other homes came on the market, the homes currently available would sell in just 2.5 months. An average market supply is around 6 months.

Although price is always important, there are other important terms and conditions to consider in a contract, including the following questions:

• Is the buyer paying in cash, or with financing?
• What kind of financing do they have?
• Is the buyer asking for seller concessions?
• How soon is the buyer ready to close?
• Is the buyer willing to have a late closing? 
• What about inspections and a home warranty?

Generally speaking, writing a personal letter to appeal to the sellers emotions can never hurt, but unless you are up to par on your terms and price, it won't move you up to the front of the line. It could, however, tip the scale in your favor if the offer is close.

You should always be prepared in a market like this, so you can make an offer fast. Being able to compete means making an offer at the drop of a hat. You can't do that without being pre-approved.

If you receive multiple offers within the first few days of listing your home, you should seriously consider them. Those first buyers are the most motivated and the most ready to act. Those first offers are usually your best. The best offer may not always be the one with the highest price, but the one that gives the seller what they want. 

If you have any questions for us, feel free to give us a call or send us an email. We would love to hear from you!

What Common Mistakes Do Home Buyers Make?

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Hey everyone, welcome back to our blog. Today we are going to be discussing some of the most common mistakes that home buyers make in our market.

One of the biggest mistakes that buyers make is not being ready to compete in the market. As a buyer, before you start your search, you want to save as much money as possible for a down payment, clean up your credit report, and get a pre-approval letter as well. Doing this before you start looking for homes ensures that you will be in the best position possible when the time comes to purchase one you really like. 

Another mistake we see often is putting too much stake in online values. You can't believe everything you see on the internet, and that extends to home valuation sites as well. If online information were truly reliable, banks would be using these sites to get values of homes instead of hiring appraisers, who are much more expensive. Tax records and sale numbers just can't give you all the information you need in order to know what your home will truly sell for in Bloomington.

Hesitations often sabotage buyers without them even knowing. Those who hesitate to make an offer can lose out on the home entirely. 

Making a low-ball offer is a huge mistake as well. Sellers are usually either offended by these offers, or they ignore them completely. Not initially offering a fair price may come back to haunt you down the road.

With over 50 years of combined experience, The Marker Miller Team has the most experience in helping you buy your dream home. Hiring a team of experienced professionals like us will give you an advantage. We have been through all the practical examples and understand the potential pitfalls that you can't learn in a classroom. 

If you have any questions for us, feel free to give us a call or send us an email. We look forward to hearing from you soon!