An offer on your home moves you one step closer to the finish line in the selling process. And if you're lucky, you'll receive multiple offers from a range of bidders.
The highest bid is the obvious choice, right? Not necessarily. Here's what to consider before moving forward on an offer:
Focus on your priorities. Take this step early, before any offers roll in. Make a list of what's most important to you in the sale of your home, like a tight moving deadline or your financial needs. Are there any requests that would make an offer a deal breaker for you?
Review the contingencies. Now that you've established your top priorities, determine your bidders' conditions for the sale. Common contingencies for potential buyers include a property appraisal and a home inspection.
Compare earnest money amounts. People who are interested in purchasing your home need to show you that their offer is made in good faith. An earnest money deposit proves the buyer is serious about the transaction. The more money they put into the deposit, the more likely they are to be able to back it up with financing.
Be aware of unusual requests. A bidder could ask you to make unnecessary repairs or leave all your appliances in the home for them. Their offer might be high, but if something unusual interferes with your top priorities, it might be best to move on to another option. Together, we'll carefully read over their requests and discuss any questions or concerns you may have.
Are you ready to get a great offer on your home? Get in touch today.
Essentials to Keep in Your Emergency Kit
Let's face it: You can't predict the future. That's why having a fully stocked emergency kit is so important. No matter the time of year, it's always better to play it safe.
Would you and your family be prepared, just in case? Putting essential supplies together doesn't have to be a chore and can even be done fairly quickly. You just need a list and a plan.
Need ideas? See below for useful items in any situation.
There's no telling what the future may bring, so it's important to be prepared for anything. Get in touch today for more home safety tips.
4 Reasons To Buy A Home This Fall
If you have been thinking of buying a home now might be the time to act, while interest rates are low and the economy is gaining strength. Still on the fence on if you should buy a home or not? Here are a few reasons that might help convince you:
1.Unprecedented importance of home
Covid 19 shut downs have had an impact on our lives and has changed how we do business, making to so we had to focus on being at home and figure out how to do work and school from home, we became conscious of the pros and cons of our living situation. We were forced to adapt, we made alterations to our living spaces and reorganized, and in doing so, we became sensitized to the quality of sunlight, air, sound and the amount of space we had to work with. With so much time at home it has motivated many homeowners to assess their immediate surroundings and consider upsizing or downsizing or helped them decide if they need to move to a new environment altogether.
Just like we Brokers depend on the banks, banks depend on brokers real estate transactions to help keep the economy moving. Mortgages are one of the primary sources of income for banks, which they can't survive without. Conforming loans under $760,000 are not kept on the banks books but are sold to Fannie Mae and Freddie Mac these are the bread and butter of most banks given the number of properties traded in this price range. To stimulate mortgage activity, the Federal Housing Finance Agency lowered interest rates. The lowered interest rates have motivated current homeowners to refinance mortgages, first-time buyer's and new homeowners to apply for mortgages and current homeowners to refinance their current loans.
Home sellers tend to go on the market for the first time in the spring. They often list their homes too high out of the gate, which could mean that a series of price reductions follow during the spring and the summer months.
These sellers have fewer chances to capture buyers after Labor Day. By October, buyers are likely to find desperate sellers and prices that may, in fact, be below a home's true market value.
Do you want to move forward in finding a new home but not sure where to start or how to navigate in this crazy real estate market, contact me and I will walk you through the steps and help you on your way to finding the perfect place for you to call home!
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How to Buy a Home Sight Unseen
If you're thinking about buying a house right now, you're probably wondering how best to go about it. The truth is, you can still do in-person tours in some places, depending on the local regulations, but many people are buying homes right now without stepping foot inside until the deal is done.
Setting the Right Price for Your Home
Determining the right price to list your home can be tricky business. It is both an art and a science. Use these tips to arrive at a listing price more easily.
The Pricing Dilemma
The trouble with pricing your home above its value isn't just that you might not end up getting that price. After all, you can always lower the price later, right? The real trouble is that the longer your home stays on the market, the more it loses its luster, and the more difficult it will be to sell.
On the other hand, setting your price too low isn't necessarily a disaster, though it can be. Sometimes, a home priced below its worth will receive multiple offers, driving the price up to market value. But there's no guarantee that it will work out that way, so it's still a big gamble. The question is, how do you zero in on that magic number?
Check Out Comparable Listings and Sales
Research homes similar to yours listed in your neighborhood during the last three months.
Find a Great Real Estate Agent
One of the keys to setting the right price for your home is having the right real estate agent in your corner – someone with the skills, experience, and resources to help you get every penny your home is worth.
Please don't hesitate to reach out when you're ready to learn more about listing your home! I'm here to help with answers to any questions you may have, from setting the price to closing the sale.
5 Tips To Make Moving Day Easy
If you're not exactly jumping for joy at the thought of packing up your life and moving to a new home, you're not alone. Just when you think you've cleaned your last closet and sorted through that final bin, "BAM!" more work suddenly appears.
To keep your move (and head!) from spinning out of control, follow these five tips to make moving day as easy as can be.
By using these tips, you may not be able to move mountains but you can at least make moving into your new home easier.