22 Mount Warner Rd, Hadley, MA 01035
You and your agent invested hours, days, weeks and even months searching for the right house. Time spent visiting open houses. But now all your efforts pay off. You’ve found the one. It’s the right size, the right neighborhood and within the budget parameters. This is the home of your dreams. It’s time to make an offer.
First Things First
Let your agent guide you. A great agent knows what the market will bear. They also have the experience and know-how to save you thousands on your home purchase. When you work with an agent, you can submit an excellent offer that the buyer wants to accept.
Don’t make the mistake many first-time homebuyers do of low-balling the offer. Of course, you want to pay as little as possible for the house, but too low of an offer, one that doesn’t account for proper market analysis, just frustrates the seller. If nearby, comparable homes recently sold for five to six percent less than the asking price, you can reasonably offer seven to nine percent less, leaving both of you room for negotiation. But if this is a seller’s market, offering less than the asking price exposes you to the risk of being outbid by other buyers. Your agent knows the temperature of the market. They’ve already experienced what buyers accept and what they reject. If this is the house you want, follow the guidance of your agent when making the offer.
Dot the I’s
Submitting a bid for real estate is a legally binding document. You don’t want to make a costly mistake that jeopardizes your purchase or forces you to buy a home that requires a lot of repairs and renovations to be livable.
Cross the T’s
Having a pre-approval sets you up for negotiating power. Remember that the seller actually wants to sell. And you actually want to buy. This is where a little give-and-take compromise wins the day. Once you make the offer, the seller counters, you resubmit, and they accept, your next action includes a home inspection. Your knowledgeable agent will have written contingencies into your offer for failures in significant systems that the inspection reveals. At this point, any HVAC, plumbing, electrical, foundation and roof systems that need repair are negotiable. Do not let anyone talk you out of doing an inspection. It is well worth the cost to protect yourself from major but hidden issues. Your agent can recommend a home inspector, or you can hire one yourself. Make sure they have all licenses and certifications.
The other primary contingency should be the final appraisal. To qualify for your loan, your lender will require an appraisal of the property’s fair market value. While the inspection protects you from future problems, the appraisal protects you from overpaying. If the appraisal comes in lower than your accepted offer, your agent will begin renegotiation for you.
Now you’re on your way to closing. The best day in the process. Use your professional real estate agent’s abilities to get you to the finish line.
22 Mount Warner Rd, Hadley, MA 01035
Selling a house the second time around may prove to be much easier than your initial home selling experience. In fact, a veteran home seller can learn a lot from his or her past home selling experience, including:
1. How to Establish a Competitive Initial Home Asking Price
Setting a competitive initial home asking price is paramount, regardless of a home seller's experience. If a seller establishes a competitive initial asking price from the get-go, he or she can increase the likelihood of stirring up plenty of interest in a house. Conversely, a seller who sets an initial asking price that is too high or too low may struggle to achieve the optimal home selling results.
Think about how you priced the home that you most recently sold. This experience may help you determine how you'll price your current house, as well as enable you to avoid potential pricing mistakes along the way.
Furthermore, it usually helps to look at the prices of comparable houses in your city or town. If you assess this housing market data, you can see how your house stacks up against the competition and narrow the price range for your residence.
2. How to Promote a House to the Right Groups of Buyers
If you previously struggled to showcase your house to buyers, you can learn from your past experience and avoid making the same mistakes once again.
Ultimately, a home seller should allocate time and resources to enhance the curb appeal of his or her home. If a house features a stunning exterior, it may generate lots of interest from buyers.
It often helps to maintain a clean home interior as well. If you keep your home neat, tidy and clutter-free, buyers should have no trouble envisioning what life might be like if they purchase your house.
3. How to Hire the Right Real Estate Agent
Conduct an in-depth search for the right real estate agent – you'll be glad you did. If you meet with a variety of real estate agents, you can find a housing market professional who can help you achieve your desired home selling results.
Don't forget to request client referrals from a real estate agent. Because if you can learn about past clients' experiences with a real estate agent, you can make an informed choice about whether to hire this real estate agent to guide you along the home selling journey.
Ready to add another house to the real estate market? Use your home selling experience to your advantage, and you can boost your chances of enjoying a profitable home selling journey.
Homeowners wishing to sell their home for top dollar might consider a kitchen remodel to increase its value and efficiency. Aside from the kitchen being the heart of the home, it also has several surfaces you can quickly upgrade that affect the entire space. The tips below give you a guide to which areas in your kitchen give you the best return for your investment.
Cabinets and Hardware
Cabinetry is often the primary component that determines the style of your kitchen. Replacing or refreshing your cabinets is one way to improve the look and feel of your kitchen. If the current cabinetry is in decent shape, refinishing or repainting the faces might achieve the look of new without the expense of a complete replacement. If you choose to tackle this project yourself, take the time to remove the doors, and hardware before you begin. For best results, closely follow notes for sanding and drying time for the paint or stain you’ve selected. Top off your cabinetry with updated hardware.
Paint or Wall Finish
A fresh coat of paint gives the house a clean, updated look. If you decide to paint your kitchen walls, create a neutral but inviting kitchen space. Colors trends are often regional, so let your realtor in on your plans and follow their lead for the best options.
Another trend for kitchen walls is adding a backsplash. While its purpose is to protect the kitchen wall from water damage, the backsplash has become a modern kitchen focal point. Choose neutral materials that complement the counter and cabinet surfaces and show the kitchen in the best light.
Countertops and Fixtures
Of all the surfaces that add value to your kitchen space, countertops are most desirable. Materials like natural granite and marble give you a good return on your investment. For people who want a countertop that can resist scratches and stains and requires little or no maintenance, quartz serves perfectly.
Replacing tired or scratched faucets with new, updated versions not only enhances the look of your kitchen, but it also improves functionality. Consider a high-profile faucet with a pull-out sprayer and single-handle operation in a style that matches your kitchen’s aesthetic.
Lighting has a powerful effect on a room. It brightens your kitchen up, making it appear more inviting. Use lighting to create a vintage style kitchen with chandeliers and or give a modern twist with recessed lighting or pendants. Under-cabinet or task lighting gives a soft glow and makes meal prep easier.
An overwhelming variety of flooring options exist for your kitchen; from vinyl and tile to laminate and hardwood. For stylish kitchen flooring design, choose a product that enhances the other elements in the room. A cohesive look is more important than spending all your money in one place.
There are many areas in your kitchen where you can make simple changes to add value to your home. Determine your budget and consult with your realtor on the best options for the greatest return on your investment.