Deborah Goldberg's Blog
Selling a home may seem exceedingly difficult, particularly for a first-time property seller. However, if you receive an offer on your residence that falls just short of your initial expectations, you may be able to negotiate with a homebuyer.
How you handle a negotiation with a homebuyer may dictate how quickly you sell your residence.
If you're unwilling to understand a homebuyer's point of view, you risk missing out on an opportunity to get the best results from your home sale.
On the other hand, if you stay calm throughout a home selling negotiation, you may be better equipped to understand a homebuyer's perspective. This may help you find common ground with a homebuyer and ensure you can speed up the home selling cycle.
What does it take to remain calm during a home selling negotiation? Here are three tips to help home sellers maintain their composure throughout a negotiation.
1. Keep Your Emotions in Check
A home selling negotiation can be stressful. But home sellers who manage to keep their emotions in check can boost their chances of a quick home sale.
If you feel stressed during a home selling negotiation, don't hesitate to take a step back and look at the big picture.
Remember, your ultimate goal is to sell your residence. With the lines of communication open, you and a homebuyer can work together to ensure all parties involved in a negotiation are satisfied with the end results.
2. Look at All of the Options at Your Disposal
If a home selling negotiation goes south, there is no need to panic. Instead, consider all of the options at your disposal, and you'll be able to determine how to proceed from here.
For home sellers, it is essential to note that many homebuyers are on the lookout for high-quality residences in cities and towns around the country. Thus, if a negotiation with a homebuyer fails to work out, you can continue to promote your house on the real estate market.
3. Work with a Real Estate Agent
A real estate agent is a must-have for many home sellers, and for good reason. This housing market professional will handle a home selling negotiation and ensure you can seamlessly navigate the entire home selling journey.
Typically, a real estate agent can negotiate with a homebuyer on your behalf. He or she will keep you up to date about any homebuyer requests and offer honest, unbiased home selling suggestions. As a result, you can receive expert home selling guidance and make informed decisions at each stage of a home selling negotiation.
A real estate agent also will respond to your home selling concerns and questions at any time. That way, this housing market professional will make it simple for you to alleviate stress in a high-pressure home selling negotiation.
When it comes to handling a home selling negotiation, there is no need to worry. Take advantage of the aforementioned tips, and you should have no trouble remaining calm, cool and collected during a negotiation with a homebuyer.
Getting ready to buy a home is one of the most exciting times in life. The purchase of a home is one of the biggest financial decisions that you will ever make in your lifetime. When you make the decision to buy a home. There are a few key things that you need to do to be prepared for the process of a property purchase. It can be simple if you have the right preparation and knowledge.
Find The Right Realtor
A good realtor will steer you in the right direction when it comes to finding the home of your dreams. Your real estate agent also will help you each step of the way on the road to buying that home. There’s a lot of paperwork that must be done in a timely manner throughout the buying process. The right realtor can even help you to get the offer in for the right home in on time. In a competitive market, having a realtor who is on top of things can mean the difference between purchasing the home you want and letting it fall through the cracks.
Know That You’re Signing A Lot Of Legal Paperwork
The purchase of a home does involve a contract. If you need more time for anything such as reviewing your home inspection or waving certain contingencies, you’ll need to state that. Every piece of the transaction is important and needs to be formally processed when it comes to purchasing a home. Your realtor will be there to help you through all of these complicated processes.
Think Of The Future
When you’re choosing a home, you’re not just buying for your life as it stands right now. Are you hoping to have a big family? Do you need a home office? How much entertaining are you planning on doing? All of these things are important when it comes to the type of home that you’ll buy. If you don’t plan for the future, you’ll outgrow the home that you’re in quite quickly.
Look For Potential
See what potential the homes that you’re looking at have for you. Some homes may have major cosmetic issues that can easily be fixed. Perhaps The walls just need some fresh coast of paint. Maybe the deck needs to be stained. If you go into the house search with an open mind, it will be a lot easier for you to find the right home. You don’t need a home that is absolutely move-in-ready unless of course, you’re building a brand new home from scratch.
Know Your Finances
One of the most important things about buying a home is knowing your finances. Don’t buy a home that you can‘t afford. From looking at your own budget to getting pre-approved, you’ll be able to have a better understanding of your own financial situation and how much house you can afford.
If you're in the process of preparing your home for the real estate market, get ready to roll up your sleeves and make your home as irresistible as possible!
While this may sound like an enormous undertaking that you don't have the time or energy to tackle, remember one thing: When you put your home up for sale, there's a lot at stake!
Generally, the longer your house stays on the market, the less marketable it becomes. If potential buyers learn that your house has been on the market for longer than, say, a few months, one of the first questions they'll ask or think will be "What's wrong with it?" Once questions like that start arising, the overall appeal of your home begins to decline. As you can imagine, your ability to get the highest possible price for your house also weakens over time. That's why it's important to do everything possible to enhance the look and feel of your home.
Home Staging Counts
Although effective home staging can be a crucial aspect of selling your house quickly, there is a point at which diminishing returns may come into play. Few home sellers have unlimited time and money to invest in staging their home, and it's easy to go above and beyond what's actually necessary to secure a buyer.
There are dozens of variables that affect a house selling strategy, including the real estate market and the condition of your home. If it's a "buyers' market" and there are a lot of comparable houses for sale in your neighborhood, then you might have to work a little harder to make your home stand out and attract offers. If you're fortunate enough to be in a desirable area and not facing a lot of competition from other home sellers, then the law of supply and demand should work in your favor! However, it's still important to make the most of your property's curb appeal and the overall appearance of your home's interior.
The cost of home staging can range from a few hundred dollars to thousands, but your real estate agent can provide invaluable guidance on how to cost-effectlively maximize the "eye appeal" of your house and property. While perfection is generally an unattainable standard in home staging (or anything else), optimal results only come from putting your best foot forward.
Several words to remember and be guided by when preparing a house for sale are "immaculate", "spotless", "manicured" (lawn), "fresh" (looking and smelling), "updated", "well-maintained", and "charming". If prospective buyers are using those words and phrases to describe your home, then you know you're on the right track! Your agent can provide you with helpful insights and suggestions for making a great impression on potential buyers -- without having to spend more on home staging than necessary!
Moving is an exciting time. Whether you’re moving across town, state or country you get to create a clean slate to build your home and life upon. But for children, this can be a confusing and scary time. Routine and familiarity are comforting for children and a move shakes up the very foundation they are used to.
But you don’t have to leave your child in the dark. There are several things you can do to help better prepare your child for the big move. By taking the time to spend with your child discussing the changes ahead. As you start house hunting and throughout the moving process involve your child where possible.
Keep an open dialogue with your child. Ask them what they are excited for and what their fears may be. Collect books either from the library or for your family bookshelf on stories about moving. Reading stories helps children process their feelings and become more familiar with the process. Using storytime is a great way to create a natural conversation about moving with your child.
If possible bring your child to walk or ride their bike around the new neighborhood. Take note of any parks, playgrounds or schools in the area your child may be interested in. If they have a hobby such as dance or soccer look up information about the classes and teams. Talk about the similarities and differences they will experience.
Take the time to research information about the new school they will be attending. What will be the same? What will be different? Ask if your child has any specific questions for you to seek out answers while you do your research to help ease them into the transition.
Assure your child they will be able to stay in touch with friends and family. Collect contact information from their friends as well as the form of communication their parents are comfortable with. Offer options like sending letters, scheduling video chats and visiting the area.
Even if you’re child is especially excited about the move it’s a good idea to keep things as similar as possible. Refrain from changing out furniture and bedding right away. And if possible maintain your usual schedule throughout the days and weeks ahead. Sticking to a familiar routine will be soothing for your child as they transition to their new environment.
Moving is a big change for children and often their first major life transition. And while they may feel confused or scared you can ensure they feel understood. By keeping an open conversation with them throughout the process you can cater to bother their excitement and fears. A new home can create both a clean slate and more importantly an opportunity to bring your family even closer together.