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*Knowledge Base*

Price your home realistically.

Sales statistics show that properties that are initially priced too high eventually sell for less than properties that were correctly priced in the first place. Also, over-priced properties can take years to sell, while properly priced properties usually sell much faster. When selecting your agent, make sure that each professional you interview presents a CMA (Comparative Market Analysis) that shows what he or she thinks your property is worth.

Make high-return improvements

There are a number of improvements that you can make to your property that will provide a greater-than-100% return on your initial investment. Consult with Mac for further details regarding your particular property.

Figure out your finances.

That means determining how much money you can raise for your down payment and how much you can afford to pay on a monthly basis. Go to a lender to find out the size of mortgage you qualify for and get pre-approved. Better yet, use a recommended mortgage broker to find you the best mortgage rate possible. When calculating the costs, remember to plan for insurance, property taxes, utilities, repairs, and maintenance.