Few families scrumble to sell out their houses, even when they have huge potential. This is mostly due to how does my house lookss, smells, and feels when prospective buyers come in for viewings. For this reason, my house should look impeccable for every open house show, so that visitors are more likely to put in an attractive offer.

If all of this sounds exciting to you, you’re probably ready to pursue a career as a real estate agent! Our team at Illinois Brokers Academy is here to help you with our real estate courses for any real estate career you want.

Home Decoration Tips Without Money

While some people are lucky enough to spend heaps of money on refreshing their house for open house showings, not everyone is so prosperous. Flukily, I can still impress my buyers with home decoration ideas within the smallest of budgets. Read on to find out how.

Set Aside Budget for Basics

People with a little amount in hand wish to increase the value of their home and attract more potential buyers by doing small investments. I’ll use this money to tackle the basics, such as sealing cosmetic scratches in walls to updating key furniture.

For instance, families may intend to use their cash to get a new sofa, as it’s likely theirs will have sagged over time. Although Lovesac used to be an actual trendy couch, there is a bundle of other sofa options I can go with. The exceptional part is I can take this sofa with me once I have found somewhere new to shift into. From there, I can paint my walls with neutral colors so my space looks bigger and cleaner.

Pull in Pals to Assist

 Not every one of us can afford a designer to add flair to our houses, but most people know someone with a creative side who can bring their mesmerizing input to the table. From carpenters to art fanatics, I’ll ask for favors from close friends and family when I want to refresh my home look.

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The money I may generally spend on a painter can be saved by simply giving more quality time to those I adore.

Get Creative

For houses that require a bit more personality, there’s always room to get creative without spending leaps of money. From knitting my own bedspread to designing cushion covers out of old fabric, will surely bring a new texture into space.

One of the simplest projects I’ll try will be with my whole family. We will use a large canvas, create our own artwork by splashing paint or making handprints on the surface. This will undoubtedly create a vibrant art piece that I’ll place in my now-neutral living room. Once I have been able to make a sale, I can transport my new art with me to my next home.

If this sounds like too much mess, I can always try my hand at photographing some of my local areas and framing the pictures. This may assist interested buyers to become more invested with my home’s location in their consideration.

Which few finishing home decoration touches you would like to add?

The outstanding way to see my home as I set it up for showings is as if I’m baking a cake. I begin with the basics, design to perfection, and end with some vital finishing touches. In the house, these finishing touches don’t always appear in the form of what I see. Sometimes, it’s adding a few warmer lighting, and in other scenarios, it’s lighting a scented candle to stir up assertive emotions in visitors.

Whatever I select, I’ll always look at my home objectively: would you put in an offer, or is there something missing?

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If all of this sounds exciting to you, you’re probably ready to pursue a career as a real estate agent! Our team at Illinois Brokers Academy is here to help you with our real estate courses.

Why did my credit score drop after clearing off my loan?

For credit score calculation, there is a particular formula. The credit score is an indicator of how likely I am to pay back my debt on time. Thousand of factors contribute to the credit score formula, and clearing off debt does not assertively impact all of them. Clearing off debt may cause a credit score drop if it changes my credit mix. Also changes in credit utilization, or average account age.

Here are some scenarios that could be the reasons for a credit score drop:

I eliminated my only installment debt or revolving debt:

Creditors like to see that I’m able to manage different types of debt. If I eliminate a specific debt that makes my credit report less diverse. It can be one of the reasons for my credit score drop. For instance, if I pay off an auto debt and are left with only credit cards, my credit mix will suffer.

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• I’ve increased my overall credit utilization:
• Keeping the overall utilization of my available credit low results in a stronger credit score. But when I clear off a revolving line of credit or let the account go inactive (which often leads to it being closed), it lowers the total amount of credit I have available, potentially increasing my remaining utilization rate.
• I’ve lowered the average age of my accounts:
• The longer my accounts have been open and in strong position,the better. Having a 20-year old account on my report is a green flag,even if I don’t use it.If I will lose the account and leave accounts no more than five years old,it will dramatically reduce the average age of my accounts.

What must be your next step?

Clearing off debt is rarely the wrong decision, especially high-interest consumer debt. This holds right even if it causes a credit score drop. My financial health is more crucial than my credit score, especially because there’s no way to fully predict the results of each action I take. Consequently, if I continue to make timely payments on my outstanding debts and keep my spending in check, I will see my credit score start to boom again with time.

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Let’s look a deeper look at the history of percentage-based real estate commission and then understand the real estate commission major problem so that this confusion could be clear in several minds.

If all of this sounds exciting to you, you’re probably ready to pursue a career as a real estate agent! Our team at Illinois Brokers Academy is here to help you with our real estate courses for any real estate career you want.

Percentage-based Real Estate Commission History

Percentage-based pricing was started by the real estate industry almost 100 years ago when selling houses really was a mystery to a bundle of people. It was a latent pricing system ‘plucked from the sky,’ or made up on the fly. Real estate consumers didn’t inquire about it because they didn’t know what they were paying for.

If I fast forward through the decades, there have been major changes in the real estate industry. Agents began to encourage one another on closing deals and the Multiple Listing Service came into existence. The Internet matured over time, real estate consumers became wiser and savvier about the real estate buying and selling procedure. Everything evolved and the real estate industry start to flourish at a relatively lighter speed.

What didn’t evolve? The way real estate agents charge consumers! It’s the same old percentage model that made no sense in 1956. It doesn’t make any sense in 2021 as well. Dozens of tools have appeared to make real estate buying and selling comparatively easier.

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Understanding The Major Problem

How to justify the percentage-based real estate commission? How come the guy with the $350,000 house pays more to sell it than the guy in the $300,000 house? (At, say, 6%, the $350,000 homeowner pays $21,000 while the $300,000 homeowner pays $18,000.) Each homeowner will get the same basic level of service but one pays $3,000 more than the other! Does this percentage-based real estate commission make any sense like that?

I made the decision more than 7 years before to become GreatNest because it made great sense to me. It made sense from an operational and a service standpoint too. And it made sense from a pricing standpoint also.

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Is this percentage-based real estate commission justified to you? Share your thoughts.

Our objective is always to sell the property, make enough money for it to be worthwhile (it is), and save thousands of consumers over what they’d pay to an ordinary real estate agent. In fact, we get just as excited about the money our clients save as we do about the fees we earn!

I hope now this real estate commission major problem must be clear to you. Happy Reading Ahead!