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Sellers

Comparative Market Analysis (CMA)

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A Comparative Market Analysis (referred to as CMA) is a report prepared by a real estate agent that provides data comparing your property to similar properties in the marketplace.

An agent will first inspect your property. The real estate agent should view your home to make an accurate assessment of its condition and worth. Advise the agent if you intend to make changes before selling.

The agent then obtains data on comparable properties. This data is usually acquired through MLS (Multiple Listing Service) but a qualified agent will be aware of other properties on the market that have sold recently and take them into consideration. The agent will then be able to determine the worth of your property in the market.

The CMA process takes place before your home is listed for sale. It is not an appraisal; an appraisal must be performed by a licensed appraiser.

CMA’s are not only for prospective sellers. Buyers should also consider requesting a CMA if they are seriously looking at properties to determine whether the asking price is a true reflection of the current market. A CMA is also a good idea for an owner planning an upgrade or remodel as it will let them know how their property will compare to others in their neighborhood after the changes have been completed.

Selling your home?

We’re here to help you price it right – get a comparative market analysis today.

By providing a telephone number and/or email address, you give express permission for us to call you or email you, even if your phone number is on a state or national "Do Not Call" list.”

Listing Presentation

Home Inspections

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You should hire a licensed, professional inspector to conduct a thorough inspection…get recommendations and check their services and reviews.

You will want to be clear on exactly what is and isn’t included in the inspection price. Will they test for lead paint? How about asbestos in the ceiling tiles? Is that part of the basic inspection or will it cost more? The price, though you will pay it, is probably the least of your concerns. Most inspectors are in a similar range of $400-$700 anyway and any fluctuation is a small price to pay for what you will get.

Early in the home buying process start researching inspectors and have at least a couple in mind, especially if the market is busy. You’ll need to be sure you can get an inspection scheduled within your contract timeline, so if your first choice isn’t available, you need someone waiting in the wings.

Questions and Answers on Home Inspections

Berkshire Hathaway HomeServices Landmark Properties recommends Detection Inspection.

Contact: Scott Bachman

[email protected]

(828) 428-8505 or (704) 530-7050

Home Warranty

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Peace of mind depends on crafting a contract that leaves no loopholes and helps ensure a smooth closing. We will write a detailed, comprehensive contract and make sure all the T’s are crossed and the I’s are dotted for your new home. You’ll find that our North Carolina home warranty services keep you protected against any unforeseen costs arising due to repairs and replacements. You can trust Berkshire Hathaway HomeServices Landmark Properties’ innovative and reliable home warranty plans to safeguard your interests.

You’ll be glad to know that we’re as proactive in protecting you from unexpected expenses after you close as we are before. Berkshire Hathaway HomeServices Landmark Properties offers a home warranty by Cinch Home Services that helps you avoid facing a big bill if an appliance or home system breaks without a warning for months after you’ve moved in. Home warranties cover normal wear and tear on major appliances and the average homebuyer calls in their warranty 2.3 times each year.

Contact: Dani Napoli

[email protected]

(919) 519-6104

Financing

How much home can you afford? Use our finance center to learn about your loan options below. There are several loan programs available, and depending on your credit history, there is bound to be one that is perfect for you. Here are a few examples of the most popular programs offered today:

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FIXED-RATE LOANS

The fixed-rate mortgage is the most popular mortgage program in use today. Fixed-rate loans offer the borrow a fixed interest rate for the life of the loan, typically 15 to 30 years. Borrowers have peace of mind knowing that their monthly payment will not change over time. Conventional fixed-rate mortgages have underwriting requirements established by Freddie Mac and Fannie Mae and require certain down-payment and debt-to-equity ratios to qualify. Fixed-rate loans are especially attractive to buyers who plan to stay in their home for more than a few years.

ADJUSTABLE-RATE LOANS

With an Adjustable-Rate Mortgage (ARM), the interest rate changes periodically, and payments go up or down accordingly. Rates are tied to an index that reflects the cost of money at any given point in time. Generally, lenders charge a lower initial interest rate for the ARM than for the fixed rate mortgage. If you are expecting interest rates to decrease in the future, or if you are trying to maximize your purchase power today knowing your income will rise in the future, then this loan may be right for you. Adjustable-rate loans are attractive for buyers who expect to be in the home for a short period of time.

FHA AND VA LOANS

The Federal Housing Administration (FHA), offers loans for low-to-moderate-income home buyers. FHA loans have lower down payments and have relatively easier requirements than conventional fixed-rate mortgages. FHA mortgages have no income restrictions and even those with lower credit scores may be considered. Past bankruptcy does not necessarily disqualify borrowers from using this program!

In addition, the Department of Veterans Affairs (VA) offers a zero-down mortgage program. To take advantage of this program, borrowers need to be among those listed as veterans and service personnel in the U.S. military. One of the biggest benefits of this program is that it eliminates the need for private mortgage insurance!

LOCAL HOMEBUYING PROGRAM

There are often many state and local programs available. These programs offer down-payment assistance and programs for local home ownership.

Berkshire Hathaway HomeServices Landmark Properties recommends Prosperity Home Mortgage.

Contact: Malone Jarvis

Mortgage Consultant

NMLS # 1873708

6801 Carnegie Blvd. Ste 101

Charlotte, NC 28210

Mobile: (704) 230-7432

Fax: (844) 468-3332

Application Link: https://malonejarvis.phmloans.com [email protected]

Licensed in: AL, FL, GA, MS, NC, NJ, SC, VA, WV

Radon

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What is Radon?

Radon is a naturally occurring colorless, odorless, radioactive gas found in most soils and rock. It is caused by the normal decomposition of uranium, releasing radium atoms that emit alpha particles into the air we breathe. It is everywhere; no state is exempt. Outdoors, the concentration is so nominal that its impact on human health is negligible. However, in confined quarters, high levels of radon can be problematic. When we breathe, we inhale the radioactive alpha particles that can then lodge in our lungs.

Radon is the number one cause of lung cancer among non-smokers in the United States, according to Environmental Protection Agency (EPA) estimates. 1 of every 15 homes is estimated to have radon levels at or above the maximum safety level of 4.0 pCi/L.

More information on Radon from the EPA:

Health Risk of Radon

North Carolina – EPA Map of Radon Zones

Home Buyer’s and Seller’s Guide to Radon

Safe at Home: Preventing Lung Cancer by Reducing Radon in the Home