Paul Stonkus' Blog
The last thing you want to experience after purchasing a new home is "buyer's remorse!" With that in mind, it pays to look at all angles when house shopping. Although emotions and first impressions are going to play a big role in your home-buying decisions, a thoughtful analysis of the pros and cons of every home that appeals to you will help ensure you're making the best decision for you and your family.
While your real estate agent will help you find houses for sale that have the necessary number of bedrooms, bathrooms, and square footage, you'll need to make sure they're fully aware of your "wish list," your desired lifestyle, and your personal preferences. Here a few examples:
Commuting distance: Unless you've found your dream home that's absolutely perfect in every way (if such a thing exists), a long commute to work, every day, could dampen your enthusiasm about an otherwise great house. Since everyone has a difference tolerance for long commutes, there's no hard-and-fast rule for that facet of home buying. Having a comfortable vehicle, listening to books on tape, or streaming your favorite music or radio programs can help make a long commute more acceptable -- even enjoyable. If you take a train to work, every day, you also have the option of catching up on your reading, preparing for meetings, or even meditating. So while a long commute does not have to be a "deal breaker," it is an important factor worth pondering.
Privacy level: This is another aspect of home ownership that's based on personal preferences. However, if you realize -- after the fact -- that you don't have enough privacy from neighbors or passersby, then you might end up feeling less-than-satisfied with your new home. Fortunately, you can compensate for lack of privacy by installing fences or planting privacy hedges, but the best laid plans are generally formulated before you make a purchase offer. If you consider privacy to be a high priority, always take notice of a house's distance from neighbors and streets.
Leaky basements: Although there are solutions for wet basements, there's a lot of expense and inconvenience associated with having to implement them. Excessive moisture can not only damage stored furniture, books, and other belongings, but it's also a fertile breeding ground for mold and mildew. A qualified home inspector will generally point out issues like that, but it's much better to notice them before you get to that advanced stage in the home-buying process.
An experienced real estate agent who represents your interests can provide valuable guidance and help you notice potential "red flags" that could adversely affect your future enjoyment of a home. A buyers' agent can offer you the expertise, professional insights, and objective point of view you might not otherwise have.
If you want to achieve the best-possible results during the house selling journey, you need to be flexible. Because if your initial home selling strategy fails to deliver the desired results, you need to be ready to make adjustments.
Now, let's take a look at three tips to help you revamp your home selling strategy.
1. Analyze the Local Housing Market
The local housing market may play a role in your house selling success or failure. If real estate market conditions have changed since you originally listed your home, you need to adapt accordingly. Otherwise, you risk falling behind rival home sellers in a fierce real estate market.
Oftentimes, it helps to monitor home sales in your city or town. This will allow you to see if houses similar to your own are selling quickly. It also enables you to understand how your house stacks up against the competition and may help you find ways to differentiate your home from comparable residences.
2. Review Your Home Listing
If you find that buyers rarely set up home showings or visit open house events at your residence, now may be the perfect time to assess your home listing. That way, you can explore innovative ways to use your home listing to engage and inform buyers about your residence.
Generally, it helps to make a home listing as clear and concise as possible. If buyers can read your home listing and retrieve accurate information about your house, they can determine if your residence matches their expectations.
You may want to include high-resolution images of your home in your listing as well. These images can help you show off the true size and beauty of your residence to buyers. Plus, they may help you distinguish your home listing from all others.
3. Consult with a Real Estate Agent
For those who are struggling to stir up interest in a house, it may be beneficial to hire a real estate agent. In fact, with a real estate agent at your side, you can receive expert assistance as you navigate the house selling journey.
A real estate agent understands what it takes to make a home an attractive choice to buyers. He or she will learn about you and your home and analyze your past house selling efforts. Then, a real estate agent will offer recommendations to help you promote your residence to the right groups of buyers.
In addition, a real estate agent will set up home showings and open house events to showcase your residence to buyers. And if a buyer submits an offer to purchase your house, a real estate agent will help you determine whether to accept, reject or counter this proposal.
As you try to sell your home, you may want to consider revising your house selling plan. Thanks to the aforementioned tips, you can revamp your home selling strategy and move one step closer to enjoying a fast, profitable house selling experience.
If you recently bought or sold a house and plan to move out of state, now is the time to start planning for moving day. By doing so, you can ensure that you're fully prepared to take all of your belongings to your new address.
Now, let's take a look at three tips to help you prep for an out-of-state move.
1. Create a Moving Calendar and Budget
Determine how much time is available before moving day. Then, you can put together a list of items that you will need to pack, along with various pre-moving day tasks that must be completed. With this plan in place, you'll be better equipped than ever before to seamlessly navigate the moving process.
Also, don't forget to budget for your out-of-state move. If you craft a budget today, you can avoid the risk of overspending on moving boxes and other moving supplies.
2. Don't Wait to Start Packing
Moving day will be here soon enough, and as such, there is no reason to wait to start packing your belongings.
Enlist friends and family members to help you pack – you'll be glad you did. With loved ones at your side, you can get plenty of assistance as you prep your belongings for your out-of-state move.
In addition, you may want to contact a moving company that specializes in out-of-state moves. If you hire a moving company, you can receive comprehensive support throughout the moving cycle.
3. Cancel Various Services
Reach out to your current utilities providers, along with cable, internet and phone services providers. This will allow you to find out exactly what you'll need to do to cancel various services prior to moving day.
Remember to connect with services providers in your new city or town too. If you contact these services providers today, you can guarantee that all of your essential services can be set up as soon as you reach your new address.
Lastly, if you need help getting ready for an out-of-state move, you may want to reach out to a real estate agent. By collaborating with a housing market professional, you may be able to simplify the moving cycle.
A real estate agent is happy to help you buy or sell a house, as well as connect you with the best moving companies in your area. That way, you can receive plenty of assistance as you count down the days to your out-of-state move.
Furthermore, a real estate agent is happy to provide expert insights into the housing market. If you need to find a new house out of state, this housing market professional can help you discover a great residence at a budget-friendly price. Or, if you need to sell your current residence, a real estate agent will help you find the best ways to optimize the value of your house.
When it comes to moving out of state, why should you be forced to leave anything to chance? Instead, use the aforementioned tips, and you can streamline the out-of-state moving process.
As a home seller, it is crucial to do everything possible to get your residence "buyer-ready." In fact, if your house dazzles a buyer, you may be better equipped than ever before to optimize your home sale earnings.
Ultimately, it can be quick and easy to get a house buyer-ready – here are three tips to help you prepare your residence for prospective buyers:
1. Bolster Your House's Curb Appeal
When a potential buyer goes past your home, you'll want your residence to make a great first impression. And if your residence has outstanding curb appeal, a prospective buyer may choose to set up a property showing right away.
To improve your house's curb appeal, you should mow the front lawn, trim the hedges and do whatever it takes to make your residence attractive to potential buyers. Of course, if you need extra help to bolster your home's curb appeal, you may want to employ professional contractors as well.
2. Remove Clutter
Antiques, paintings and other décor may help you transform your house into a home. However, these items may do more harm than good when you try to show your residence to prospective buyers. And in some instances, various personal belongings may make it tough for you to show off the true size and beauty of your residence.
It generally is a good idea to remove as much clutter as you can from your residence. Remember, your goal as a home seller is to make it simple for a buyer to envision what life may be like if he or she purchases your house. If you eliminate clutter from your residence, a buyer should have no trouble imagining what life may be like as the owner of your home.
3. Clean Each Room of Your Home
A neat, tidy home is sure to impress prospective buyers. Thus, if you allocate time and resources to clean each room of your house, you could boost the likelihood of a fast, profitable home sale.
Oftentimes, it helps to hire a professional home cleaning company. With this company at your disposal, you can get the help you need to improve the appearance of each room of your home.
As you get ready to add your house to the real estate market, you also may want to hire a real estate agent. This housing market professional is happy to help you get your house buyer-ready, as well as prepare for each stage of the property selling cycle.
A real estate agent will offer expert guidance throughout the home selling journey. He or she will provide recommendations and tips to help you showcase your residence to the right groups of prospective buyers. In addition, if you ever have concerns or questions during the home selling journey, a real estate agent is ready to address them.
Get your house buyer-ready – use the aforementioned tips, and you can improve your home's appearance and increase your chances of enjoying a seamless property selling experience.
The decision to buy a home can bring all sorts of emotions. From stress to joy to fear, you need to be prepared for any situation to arise. From saving up enough money for a down payment to securing financing to hoping for a smooth closing, buying a home is a complex event. Just about the worst thing that can happen in the process is finding the home of your dreams and then having your offer rejected. If you do lose out on the house to another bidder, below, you’ll find a few reasons why.
The Home Is Above Your Means
If you go after a home that’s above a price that you can afford, it’s likely that your offer will be declined. Look at all of your numbers and find a reasonable price point with your real estate agent. Be sure that your agent won’t show you homes that are far above your budget. Don’t risk falling in love with a house that you can’t afford. If you start big, you may be disappointed at the type of home you actually can fit in with your budget.
A Better Offer Came In
In high competition markets or for a home that’s receiving a lot of attention, sellers may get multiple offers. All that attention is why it’s always best to keep your offer as close to the asking price as possible. Don’t assume that other buyers will bid low. Remember that sellers want to get the most return on their home, which means they are going to take the highest offer in most cases.
You also don’t want to get too carried away in asking for contingencies. If you ask too much of a seller’s, they won’t bother giving your offer serious consideration when other buyers have asked them to put less time and money into the home. Don’t ask for unnecessary repairs or over the top back costs.
You’re Not Approved For A Mortgage
The seller wants you to have a home loan pre-approved so that the process of selling their home will be that much smoother. Some seller may only consider bids by buyers who have been pre-approved for a loan. You should definitely be pre-approved before you even set out on your home search.
To get your offer accepted on a home you love, you need to do your homework. As a buyer, you want to keep the needs of the seller in mind. Although you want the best deal for yourself, you're more likely to get a property that you want if you compromise a bit.