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Who Is Primarily Responsible for Determining the Market Value of the Home You Want to Buy?


This question is, unfortunately, a little more complicated than you might think. The short answer is:
depends on who is estimating it. There are 3 main ways to get the value of the home you want to
buy estimated: by a listing agent, by a random agent and by an appraiser. And the tricky thing is, all 3
are likely to have different estimations. In this article we’ll get into which way is the cheapest, which
tends to be the most expensive – in comparison with the market price, and what your own role is in
determining the price. Just keep on reading before you decide to buy the home of your dreams!


What is the Market Price?


Firstly, we need to discuss even is the market value of the home, as we will be using it as
a comparison. Wikipedia defines market value as:


"The most probable price (in terms of money) which a property should bring in a competitive and
open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently
and knowledgeably, and assuming the price is not affected by undue stimulus."


You might be thinking this definition is a bit too specialized, so let us help explain it to you. A
the competitive and open market is one where anyone can buy and sell – and additionally, as mentioned
in the definition, fair conditions must be applied – no corruption or theft.

A prudent buyer implies someone who leaves no money on the table and does not lose out to other buyers in a competitive market and is under no time or monetary pressure. Undue stimulus implies, at least when it comes
to a property market, inappropriate use of influence or incentive from parties different than the
buyer – such as pressure from family.

In short, the market value is the ideal value of the house if the monetary value of all things included – from walls to the roof – which would also account for their age and other influences. At the same time, the buyer would be deciding on his purchase alone using only his mind and the buyer and seller would be in equal power positions. In other words, ideal conditions can, unfortunately, never be met.


However, the reason this all had to be explained and the reason it is the perfect comparison tool is
that this is the ideal price of the house. The bigger the deviation from this amount, the more beware
you should be – the buyer may be setting the price far too high because they think you will still pay
it. It also means you’re not getting the best deal and therefore should instead look for other
property – of course, only if you aren’t willing to pay the price regardless.


The Listing Agent Option


The listing agent is the agent directly hired by the home seller to get the home sold for top dollar –
essentially trying to make the most of the value of the house. This, therefore, means that the price
will most likely be the highest one – and comparatively higher than the price determined by the
market according to its actual value.


The Independent Agent Option


The second option is hiring an independent agent, or possibly a friend to look over the house price
listed and how it compares to the actual house value. Here you may actually get a far more accurate
estimate, as the price is likely to be closer to the market value. However, it still begs a few questions.
The issue is that you have to keep in mind that around 95% of real estate agents do the job either
part-time or sell two or fewer homes a year. The point we are trying to make is – they simply rarely are
real home estate experts, and therefore are unlikely to be significantly more helpful in determining
the real prince of a property than someone who has no experience whatsoever.

The Appraiser Option


Another option is to hire an appraiser before making an offer. Just in case you did not know, an
appraisers’ job is to independently assess the monetary value of the given object – in this case
property.

Therefore, you would be hiring an independent agent who is likely, due to his or her
expertise and independence, likely to give you the most accurate estimate – that is one closest to
the market value of the home. However, due to the sheer amount of expertise required, is also likely
to be a quite time-consuming process. And in the property market, time is everything. If you choose
to do this process, therefore, you are likely to lose offers.

You could of course reserve the house with the buyer, but it is unlikely that they would agree to that – after all, they are probably trying to sell it for as much as possible in the shortest time possible. While your appraiser is determining the market value of the home you want to buy, another buyer will come and put the home under contract before you will even be able to make an offer.


So, What Are the Best Options?


The one option we have not talked about yet is to be working with a home buying specialist who
sells scores of houses (or more) each year. This is because you want someone who can advise you
precisely on what your offer should be.


An alternative is asking yourself, or your expert, what price would the home be sold at if it is not sold
to you but to another buyer instead. This is because the motivation for your purchase is likely to
affect how high the price the seller can go. That is, if you need to buy a home in a hurry, the
seller may exploit your need and increase the price of the offer. As such, it is always important to
consider what price would be given to a seller who is not pressured by time and therefore has the
upper hand in the sale.

What are the worst months to sell a house?


Like many other things when you sell your house is as important as every other factor. It can influence how fast and at what price you will sell your property. In this article, you can find the best and the worst months to sell your property. Comparing how the house is selling in all four seasons.


Ignoring the myths about the success of sales in the spring and summer here we will compare how the market goes in each season:


Summer


The best one of the three summer months in June and the worst one August. Due to the summer break while all the kids are home and it is time for family trips the market is at a standstill. If you don't put your property for sale till the end of July and the beginning of August the chance to be stuck with the left houses from the spring sales is high. During this period, the competition is fierce and you will have to make sure your house looks
rival.

What Are The Worst Months To Sell A House?


Autumn


All of the autumn months are good for selling but the best one is October. Those three beautiful months have always been great for the market. The competition is a little bit less than in the spring. Don't wait until the last moment to make your announcement because after October the market dies.

What Are The Worst Months To Sell A House?


Spring


The market is great during spring except around the Easter holidays. In that time the houses look their best with their bloomy gardens and the time predisposes the buyers. A minus is that with the growing numbers of buyers there is growing competition too.

What Are The Worst Months To Sell A House?


Winter


The winter is a very poor season for the sellers. The best month for selling is February. But on the other hand that can make the sellers more negotiable and it can make the winter a great season to buy.

What Are The Worst Months To Sell A House?


When to sell different types of properties?


Believe it or not, the various types of properties are selling differently. It depends on what people are looking for in different seasons.


Apartments


Most often searched by first-time buyers & young couples. The best time to sell is in
January, February & September


Family homes


Most often searched by the second steppers planning to have kids or the ones who already have them.
You better sell outside of school holidays
Christmas holiday: 19th Dec (’17) – 5th Jan (’18)
February half-term: 12th Feb – 23th Feb

Easter holiday: 1st Apr – 13thApr
May half term: 28th May – 3rd Jun
Summer holiday: 13th Jul –6th Sep
Autumn half term: 19th Oct – 31th Oct
Christmas holiday – 21st Dec (’17) – 7th Jan (’18)


Bungalow & retirement homes


The best target is elderly downsizers. Avoid selling between the end of Summer and the beginning of Spring.
The worst months to sell a house. The reports show that the sales are lowest during the coldest months. Most specifically October and December.

The stormy weather and the new school years have a big influence on the market. Through the winter season, there are many holidays, and buying a house is not a priority for most people. You still have a chance to sell during the winter. Just like the sellers, there are buyers throughout the whole year. Some people put on sale their house after New Year, hoping on the new year resolutions like '' new year new me'', but the truth is that the market doesn't start going up until the middle of February.

If you come to market in its lowest stage for example in December your property will look aged by the time the
majority of customers do come back into the market around February.


The best day to sell a house?


You heard it right, there are better days to sell your property. The best day to sell is Monday and the worst one is Sunday. Studies show that the properties that are launched on Monday take 176 days to be saved, and the ones on Sunday tasks 213. Of course, you can sell any day you choose. Just keep in mind that if you want fast success you better not do it around holidays or important events.

Which of the Following are Common Maintenance Procedures for Home Fitness Equipment?


The average gym user may not realize just how much it takes to keep the gym clean. And it’s only
after you get a home gym, whether with just a few dumbbells or actual machines, that you see just
how important its maintenance is. One of the most important responsibilities in taking care of a gym
is, you guessed it – cleaning it. According to the American Council on Exercise, even a little bit of
preventative maintenance in the form of cleaning can maintain the gym to be a safe and productive
environment.


Two Types of Gym Maintenance


There are two main types of gym maintenance: corrective and preventive. Corrective maintenance is
mainly concerning machinery as it requires expertise of gym equipment engineers. It also means you
will have to contact the manufacturer of your machine for the promised after-sales service, including
gym maintenance.

Preventive maintenance, on the other hand, serves as a preventative measure to avoid any problems which could arise in the future. Additionally, it helps extend the life expectancy of all equipment, therefore giving you a certain return on investment. This is the type we will be focusing on in this article as, you guessed it, it is the one done by you – the owner of the equipment. Now, let us get into how to maintain your gym equipment at home without excessive costs!

Which Of The Following Are Common Maintenance Procedures For Home Fitness Equipment?


Firstly, Wipe-Downs Ideally After Each Use


This is the most common maintenance task, and you should therefore beware that antibacterial wet
wipes will be your best friend from now on. Wipe-downs should be performed multiple times per
day, depending on the frequency of use.

Alternatively, you can also use a clean rag and water-based disinfectant, in case you have those lying around at home. However, a little warning with this strategy – be careful not to spray too much disinfectant into the air, as an excessive amount could harm your natural state of airways and subsequently lungs.

The best strategy is to spray the disinfectant directly into the rag before wiping down the surface. Whichever of the two techniques you choose, the effect will be the same, namely the prevention of the spread of communicable illnesses through viruses and bacteria, according to a Club Industry report. This is because dirt, dead skin, rust and lifting chalk collect on the surfaces over time, and that is not to mention the fact that
gym weights can carry over 300 times more bacteria than a toilet seat.

Therefore, it’s crucial to get rid of this and at least once per week use the antibacterial techniques mentioned. And ultimately, as little as antibacterial wipes or spray and rug will make your home gym a much more pleasant
experience.


Lubrication of Resistance Machines


You might have not known this, but resistance machines actually have moving parts that must be
lubricated on at least a monthly basis. The best way to apply the lubrication needed is again with the
use of a rag and this time silicone. Spray the silicone directly into the rag and apply it to the weight
tracks. Additionally, you should always spray the silicone into the bearings and move them around a
little afterwards to make sure they can move freely and without any tension.


Lubrication of Cardiovascular Machines


Most cardiovascular machines, such as treadmills, are actually self-lubricating. This means that all
you need to do as far as its oiliness is concerned, is checking the reservoirs and filling them according
to the manufactures' instructions.


The Additional Work on Treadmills

Treadmills are one of the most popular machines for weight loss training, so we simply must cover
their maintenance in this article. As mentioned already, their first thing to keep in mind is their
lubrication.

For cleaning, the same wipe-down technique can be used. The last important factor in the
life expectancy of a treadmill is the engine – so do not forget to check it often enough – sometimes it
is even recommended to check it after every use.

Why though, you may be asking yourself? The reason is simple – to check whether it has not overheated. It will almost always be hot, but if it is burning, you should consider its placement – it may need further ventilation. Sufficient ventilation does not only prevent overheating, which may stop the engine from working but even if this does not happen, will inevitably shorten its life expectancy.

Maintaining Your Indoor Cycle


Once a Month Inspection for Wear and Tear


Usually, when a machine is broken, you will obviously notice while you’re working out. However,
some issues may not be as obvious. Because of this, it is important to check the proper functioning
of your equipment.

Further, you might actually be preventing an increased chance of injury! In general, all you need to do is look over all the various equipment and check for cracks, bends, etc.,
that shouldn’t be there.

Additionally, do not forget to inspect the various weld points on the machines for cracks as a result of aging or wrong usage. A particular focus should be given to cables and resistance bands, if you own any, as they are likely to cause injury if broken down.

High-quality aircraft-rated cables should not experience too much wear down within the first one to two years, but later the chance increases – and additionally, there are no guarantees. The best strategy to check the cables is to inspect them starting at their various attachment points, then visually examine them along their entire length, paying particular attention to parts of the cable that make contact with pulleys. The same technique applies to resistance bands. If any of your equipment is broken, check with the manufacturer, if applicable, for a refund or an expert repairment.

And if not applicable, remember that it is always better to simply replace the equipment, whatever it may be,
then continue using an, even if only slightly, broken one and by implication increase your chance of
injury.


Is Home Maintenance of Your Gym Equipment Really That Important?


The answer is simple – yes! Properly maintained equipment is likely to have a higher life expectancy
and additionally minimize your chance of injury, and that simply is worth your time and money. This
is not to mention, that it is actually also really easy to do, not time-consuming and if the techniques
mentioned in this article are used, also really cheap!

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