Brenda Maggy'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.
For homebuyers, there may be nothing better than searching for a house in a buyer's market. Typically, a buyer's market is defined by several key characteristics, including:
1. Shortage of Homebuyers
In a seller's market, competition among homebuyers remains fierce. Therefore, a homebuyer may be forced to compete against several homebuyers to secure his or her dream home.
Comparatively, a buyer's market features a shortage of homebuyers, resulting in less competition for quality residences. As a homebuyer, this is ideal because it means that you may be able to improve your chances of securing a great house at a price that matches your budget.
If you're a homebuyer in a buyer's market, the ball is in your court. As such, you should take your time exploring the housing market and find a residence that suits your budget and lifestyle perfectly. By doing so, you likely will be able to secure your dream home without having to worry about the stress of competing against other homebuyers or exceeding your budget.
2. Abundance of Home Sellers
A buyer's market may be a tough time for home sellers. At this time, there may be many homes available, and home sellers might need to reduce the prices of their residences to stir up interest.
Meanwhile, an abundance of home sellers ensures there is a large supply of homes available. This may make it easier for a homebuyer to check out many terrific homes and find one at a below-average price.
Although a buyer's market presents many opportunities for homebuyers, it is important to avoid taking shortcuts. Instead, a homebuyer should devote ample time and resources to assess homes that meet his or her criteria and respond accordingly.
Furthermore, homebuyers should avoid the temptation to submit a lowball offer on a residence – even in a buyer's market. If you submit an offer that falls below a home seller's expectations, you may miss out on the chance to acquire your dream home altogether.
3. Steady Supply of Real Estate Agents
When it comes to shopping for a home in a buyer's market, working with a real estate agent is a great idea. A real estate agent can provide you with plenty of information about first-rate residences that you can enjoy for years to come. Plus, a real estate professional may be able to offer insights into a home that you may struggle to obtain elsewhere, making it simple for you to purchase a top-notch home at a bargain price.
Perhaps best of all, your real estate agent can offer recommendations throughout the homebuying journey. He or she also will be able to respond to any concerns or questions you have, ensuring you can remain calm, cool and collected as you transition from homebuyer to homeowner.
Employ a real estate agent to guide you along the homebuying journey in a buyer's or seller's market. With a real estate professional at your side, you can navigate the challenges of the real estate market and secure your dream house without delay.
156 Front Street, Exeter, NH 03833
Although you may have listed your residence in the hopes of a fast home sale, the real estate market has been tough to navigate thus far. As a result, your house has lingered on the real estate market for several weeks, and no end to the home selling journey appears in sight.
Fortunately, we're here to help you generate interest in your house and speed up the home selling process.
Let's take a look at three quick, easy ways to stir up interest in your residence.
1. Clean Your Home Both Inside and Out
Your house's exterior can make a world of difference in the eyes of homebuyers. If your house has a pristine lawn, immaculate siding and other outstanding exterior features, it may stand out to large groups of potential buyers. Conversely, if your residence fails to make a positive first impression on homebuyers, it is unlikely that these buyers will set up home showings.
Mow the lawn, trim the hedges and perform assorted home exterior maintenance and repairs. By doing so, you can instantly boost your house's curb appeal and make your home an attractive choice to dozens of potential buyers.
Furthermore, don't forget to mop the floors, wipe down countertops and ensure your home interior dazzles. Because if your home interior impresses homebuyers, it may be only a matter of time before these buyers submit offers on your house.
2. Declutter As Much As Possible
Clutter can make your house appear smaller than it actually is and get in the way of a potential home sale. As such, you should remove as much home clutter as possible.
Renting a storage unit is a great option for any home seller. With a storage unit at your disposal, you can pack up excess items and store them securely until your house sells.
Also, keep in mind the homebuyer's perspective as you declutter your residence. A homebuyer wants to envision what life would be like if he or she purchases your house. Therefore, you should remove artwork, photographs and other personal mementos from your home to help a homebuyer imagine life as the owner of your residence.
3. Collaborate with an Expert Real Estate Agent
A real estate agent possesses the skills and know-how to help you promote your residence to the right homebuyers, at the right time, every time. Thus, if you hire a real estate agent today, you can move one step closer to selling your house.
Ultimately, a real estate agent will support you in a number of ways. He or she will help you list your residence, set up home showings and host open house events. Also, a real estate agent will keep you up to date about any home offers and provide recommendations throughout the home selling cycle.
Accelerate the home selling process – use the aforementioned tips, and you can quickly and effortlessly stir up plenty of interest in your home.