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Expert Tips for Navigating the Real Estate Market

My mission at Watters International Realty is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, I can answer any questions you might have about
real estate. Subscribe to this blog to get the latest news on local market trends and receive
expert tips for buying or selling a home.

Can You Stay in a Home After Closing?



Looking to buy in the Austin area? Get a full home search, 
 Selling your Austin area home? Get a free home value report.
Today we are excited to be answering another one of your great questions. This particular one comes from a seller who wants to know, "Can the buyer charge me for staying in the home after closing?"

If you need to stay in your home for a little while after closing, you can. All you need to do is temporarily lease the home, which is something we do for our clients quite regularly. When you lease back, you will need to come up with a fair price to pay based on how long you are staying in the home for.

What we do to determine the figure is find out what the buyer's total monthly cost for the home (PITI) is, and divide that by 30. After that, you will have a daily cost, which you can use to negotiate the leaseback. On a $200,000 home with a $1,500 monthly PITI, the leaseback rate is about $50 per day, which is a fair price. 

We try to be reasonable with all our requests, and it's important to remember everything is negotiable. If we get ourselves into a multiple offer situation, we may be able to do the leaseback at no cost to you. 

If you have any questions for us, we would love to answer them in our next video. Just give us a call or send us an email, and we will get you the answers you need!

Should You Vacate Your Property When Trying to Sell?



Looking to buy in the Austin area? Get a full home search, 
 Selling your Austin area home? Get a free home value report.

Hey everyone, thanks for joining me once again. Recently, we had a seller call and ask us the question, "Would it be better for me to vacate my property before I list it, or should I stay in it during the selling process?"

This is a great question, and we are going to answer it today. Obviously if you are able to, it would make things far easier for you to vacate the property. Now you don't have to deal with real estate agents calling you at all times of the day asking if you can get up and leave your house for a showing. It interrupts your daily routine.

However, several studies have shown
that a well-staged home will sell significantly better than a vacant home will. A well-staged home can make rooms look larger, and give the buyer an idea of what it would be like to live in the home.

One cool thing about working with our team is that we have a complimentary home staging consultant, who will spend a few hours with you if you're thinking of selling, and show you how to stage your home so it shows in its best light.

If you are thinking about selling this spring, be sure to give us a call or send us an email. We look forward to hearing from you!