Is Your Offer to Purchase Good Enough?

If you plan to submit an offer to purchase a home, there is no need to leave anything to chance. And in most instances, it is a good idea to put your best foot forward with your offer to purchase. That way, you can boost the likelihood of receiving an instant “Yes” from a seller and moving one step closer to acquiring your ideal residence.

Now, let’s take a look at three tips to help you put together a competitive homebuying proposal.

1. Study the Housing Market

The current state of the housing market may impact the definition of a competitive offer to purchase. For instance, if the housing market favors buyers, you may face limited competition to acquire your ideal residence and can craft your offer to purchase accordingly. On the other hand, if the housing market favors sellers, you may need to submit an offer to purchase at or above a seller’s initial asking price to secure your dream home.

Take a close look at the housing market and analyze market data. Then, you can differentiate a buyer’s market from a seller’s market and determine how much to offer for a house.

2. Weigh a House’s Pros and Cons

A home has its strengths and weaknesses, and as a property buyer, you should dedicate time and resources to learn about all aspects of a residence. By doing so, you can determine whether a residence is right for you and submit an offer to purchase based on a house’s age and condition.

Consider any home repairs that may need to be completed as well. If you understand the costs of potential home improvements, you can craft an offer to purchase that accounts for these tasks.

3. Collaborate with a Real Estate Agent

Submitting a competitive offer to purchase sometimes can be difficult for experienced and first-time homebuyers alike. Fortunately, if you work with a real estate agent, you can get the help you need to create an aggressive offer to purchase.

A real estate agent understands the ins and outs of buying a house and can offer expert insights into the property buying journey. He or she will teach you about the real estate market and respond to your homebuying concerns or questions. In addition, a real estate agent will help you find your dream home, set up house showings and keep you informed about residences that become available and fit your homebuying criteria.

Furthermore, a real estate agent can provide in-depth housing market data and insights. He or she ultimately can help you take the guesswork out of crafting a competitive homebuying proposal. And as a result, a real estate agent will do everything possible to ensure your offer to purchase matches a seller’s expectations.

Ready to submit an offer to purchase your dream residence? Take advantage of the aforementioned tips, and you can bolster your chances of acquiring your ideal residence in the foreseeable future.

Interior Painting Tips for Homeowners

Giving the interior of your home a fresh coat of paint is one of the best ways to revitalize drab-looking rooms and make scuffed walls look new again.

While there are plenty of home improvement, repair, and decorating projects that are best left to the professionals, interior house painting is usually a task that can be successfully tackled by homeowners.

Advanced skills are not a prerequisite for doing a respectable job, but you do need patience, attention to detail, and the right tools. When you don’t start out with the right supplies, wall painting can end up being a frustrating and stressful task — not to mention messy! Here are a few pointers to help make the project go more smoothly.

  • Wear the appropriate clothing: If paint gets on your everyday shoes, your new jeans, or even a good watchband, it will basically ruin those articles of clothing. No matter how neat or precise you think you can be with a paintbrush or roller, it’s almost impossible to avoid dripping a few drops of paint in the wrong place or even accidentally brushing up against a messy ladder, paint can, or freshly painted surface. By taking the time to change into clothes you don’t care about, you’ll be saving the aggravation of messing up a favorite pair of pants, shirt, or shoes. Wearing a painter’s cap with a brim and disposable vinyl gloves can also minimize the amount of paint that gets on your face, hair, and hands. By making it easier to keep yourself clean, you’ll find painting to be a much neater and more satisfying experience.
  • Choose the right drop cloths: The temptation for many do-it-yourselfers is to save money and cut costs whenever possible. While this certainly makes sense in principle, there are certain cases in which it pays to spend a few extra dollars to get quality supplies. The perfect example is drop cloths — an essential item on your painting supplies list. Floors, furniture and appliances can get permanently damaged (cosmetically) if they’re not properly covered up while the wall and ceiling paint is being applied. The really cheap drop cloths that you’ll often find at hardware stores and other retail outlets are difficult to keep in place and could easily tear, become bunched up, or move a few inches from their intended spot. Those really light-weight, plastic drop cloths don’t stand a chance of staying put when breezes from open windows, fans, or doors exert the slightest bit of air pressure on them. The solution is to either purchase canvas or heavy-duty plastic drop cloths. (In a pinch, old bedsheets can often do the job, too!)
  • Painter’s tape is crucial: One of the most time-consuming, but necessary aspects of room painting is taping the edges of surfaces to be painted (or not to be painted). While not everyone takes the time to do this step correctly, it helps produce a professional-looking job you’ll be proud of.

Painting can be a messy, frustrating, and unsatisfying task if you don’t do the necessary prep work, wear the right kind of attire, and thoroughly cover floors, furniture, and anything else you want to protect from paint spills. Doing your own interior painting can save you hundreds, if not thousands of dollars, but you’ll be much happier with the outcome of your own work if you approach the job with patience, preparation, and the right supplies!

Best Practices for Submitting a Successful Counter Offer

If you buy or sell a home, it is normal to expect negotiations after an initial offer is submitted. However, differentiating between a “fair” counter proposal and an exorbitant offer sometimes can be difficult.

Lucky for you, we’re here to help homebuyers and home sellers submit a successful counter offer at any time.

Now, let’s take a look at three best practices to help you create a successful counter proposal.

1. Consider Your Counterpart’s Perspective

If you are buying a home, consider the seller’s perspective. Or, if you’re selling a house, evaluate the buyer’s perspective. In both scenarios, you can gain insights into what your counterpart might be thinking and tailor your counter offer accordingly.

For example, if a house has been available for several weeks or months, a homebuyer should consider this information as he or she preps a counter proposal. By doing so, a homebuyer can weigh the pros and cons of waiting out a buyer’s market and craft an effective counter offer.

On the other hand, if a home seller has several offers in hand, this seller may want to consider submitting a counter offer that matches or exceeds a house’s initial asking price. With a seller’s market in place, a home seller should have no trouble stirring up plenty of interest in a home, even if a buyer rejects a counter proposal.

2. Evaluate the Housing Market

Take a look at the prices of available houses in your city or town. This housing market data can help you differentiate between a buyer’s and seller’s market – something that may prove to be exceedingly valuable as you put together a counter offer.

Also, examine the prices of recently sold houses that are similar to the home that you want to buy or sell. By leveraging this housing market data, you can evaluate the prices of similar properties and boost your chances of submitting a competitive counter proposal.

3. Consult with a Real Estate Agent

If you’re struggling to create a fair counter offer, it certainly helps to consult with a real estate agent.

Ultimately, a real estate agent is committed to helping homebuyers and home sellers achieve their respective goals. This housing market professional can provide a wealth of housing market data to help a homebuyer or home seller craft a viable offer. Furthermore, a real estate agent is happy to provide honest, unbiased home offer recommendations, ensuring both buyers and sellers can make informed decisions.

Let’s not forget about the support that a real estate agent provides throughout the homebuying and home selling journey, either. A real estate agent will be ready to respond to a buyer’s or seller’s questions without delay. Plus, this housing market professional will go above and beyond the call of duty to ensure all parties involved in a home sale enjoy a seamless experience.

Ready to negotiate a counter offer? Use the aforementioned best practices, and you can quickly and effortlessly create a successful counter proposal.

Tips for Getting Your House Ready to Sell

If your house is already on the market, you’re probably familiar with the hectic process of getting it in presentable condition for the next showing.

Since there are so many things to remember, it can be helpful to create a “pre-showing checklist” you can refer to whenever you need it. Your reliance on the list will probably diminish over time, but it can be a good way to become more organized, focused, and efficient.

Even the simple action of writing down your priorities will make an impression on your mind and help reinforce your memory of what needs to be done prior to a showing or open house. Here are a few tips for staying on track, simplifying the process, and remembering important tasks that are all-too-easy to forget.

Stay One Step Ahead of Dust

Ideally, every room in your house should be dusted at least once a week, but that chore often tends to get postponed, overlooked, or just plain avoided! The problem with not dusting on a regular basis is that it tends to accumulate and get worse. What often occurs to home sellers is the sudden realization — typically, just before walking out the door prior to a scheduled house showing — that there’s a thick layer of dust on your window blinds, baseboards, or book shelves.

If you’re literally minutes away from a real estate agent showing up at your front door with clients, it’s generally too late to do anything about the dust accumulations. However, if you’ve tackled those issues a day or two before they’re walking up your front pathway, you can put your mind at ease that you’ve conquered the “grunge factor”! If you happen to have a housekeeper handling those details, it might pay to casually remind them to do an extra-thorough job on those dusty, grungy areas.

If you have kids (and even if you don’t), dirt, finger prints, and hand smudges can often be found around light switches, cabinets, and door areas. While that might be the last thing you think about when preparing your home for a showing, it could be one of the first things potential buyers notice. Although perfection is an unrealistic standard to aspire to, “the devil is in the details!” In other words, it can be the small, easily overlooked details that undermine your chances for making a great impression on prospective buyers.

A Word About Mouse Traps

Whether you live in a mansion or a bungalow, nearly all homeowners occasionally have problems with mice sneaking into their basement, garage, or attic. Sometimes the little critters even find their way into your main living area (eek!). That’s why it makes sense to set up a few mouse traps in areas where mice are most likely to enter. Mouse traps come in a variety of designs, some of which are better for homes with pets, children, or squeamish adults!

When it comes to preparing for a house showing, it’s always a good idea to check mousetraps for “victims” that may have sprung your devices. Ideally, mousetraps shouldn’t be placed in conspicuous spots, but you definitely don’t want buyers to see dead mice anywhere in your house. Granted, live ones are worse, but — in either case — any infestation (or the perception of one) could be a deal breaker!