RealEstateBuyMe.com: Illinois

Have you ever been involved in selling a home where an offer was made and you refused to counter the buyers offer? Here is some advice for sellers to consider, especially in today’s economic environment.

If a buyer has taken the time to put an offer on paper and submit it to your listing agent, I think you would agree that this is a good sign that they are interested in purchasing your home.

Your agent calls and says, “great news, we just received an offer!” They come over to review it with you and you immediately get defensive. The offer price is way too low or the terms of the contract aren’t favorable. These terms could include financing contingencies, a long and drawn out closing date or a request for you to pay some of the buyers closing costs.

Do your best to leave your emotions out of this! Consider this a business transaction that, when completed, will get you to your eventual goal. That goal may be buying your dream home, retiring to a different state or country, downsizing and buyer a less expensive home allowing you to stash some cash, and the list goes on.

I have been involved in a few transactions with sellers who have absolutely refused to counter a buyer’s offer. 9 times out of 10 this is the worst thing you can do! Your strategy is that if you do not counter, the buyer will come back with a better offer in a few days. What!? This is like catching and releasing a fish where there are other fishermen around you and hoping the fish decides to come back to you because you think you have better bait on your hook. Why would you take a chance at losing an interested buyer when there is a lot of inventory for them to choose from? Chances are there’s another home out there that could work for them. You may have a special home unlike any others on the market. If priced properly, maybe holding out is the right thing to do, but that is a big risk to take. Make sure holding out for a better offer is worth the risk.

If you have received multiple offers while listed on the market that you feel have been too low, perhaps your agent is not being upfront with you. There is a high probability that your home is overpriced. If your agent has made you aware of this and you have refused to listen and agree to a price reduction, then you are missing the chance to get your home sold for the best price with the least amount of stress. I have seen more sellers that have ended up in foreclosure, short sale, not selling at all or receiving 20% less than an offer they received months or a year earlier because they held out for a better deal. As an agent, it’s hard to see this happen to a client. The agents best bet is to walk away from the listing if there is no agreement to reduce the homes price. The ability to sell your home depends on you and your agent working together to achieve that goal. If you have done your homework and hired a full time, professional and knowledgeable agent, take the time to discuss your concerns with them, they will do the same. Listen to the advice they have given you. This is their daily job. They eat, breathe and sleep real estate!

They have their finger on the pulse of the market and know what needs to be done to get your home sold.

Make the counter offer and keep the negotiations moving. This may be changing the price and terms, just the price or just the terms of the contract. You may have to go back and forth 10 times to get to a final agreement, but there is a good chance you will come to an agreement if you and the buyer are reasonable along the way. Not countering an interested buyer’s offer is not reasonable!

You may not always like what your agent has to say.  It’s not your agents’ job to agree with you all the time or be your best friend.  There are days you will not like them and you’ll wonder why you hired them. Ultimately, their job is to sell your home.  If that means you getting upset because your agent gives it to you straight, that’s ok.  You’ll thank them and get over it once your home has sold and you’ll be glad they weren't sugar coating anything.  In fact, I have a good feeling you’ll become great friends…

I hope this helps to keep you focused on the ultimate goal of selling your home!

Dan Jasmer, GRI | RE/MAX Excellence
510 Bay Isles Road | Longboat Key, FL 34228
T: 941-284-9893 | F: 941-388-0000
http://www.jasmermatarese.com

5 Star Agent: Best in overall client satisfaction 2010

 

Happened to be home when Oprah was on this afternoon. The topic was Makeunders. Women who needed less not more. But this also applies to homes. Nate Berkus did a room Makeunder and it inspired me!

Every home that goes on sale needs a makeunder. The less of you, the quicker your home will sell. The bigger and more spacious your home looks the higher it's perceived value.

This means it's really important to edit your stuff so what's really important greets you (and your buyers) when you walk in the door. You want your homes' features to shine, you want buyers to say AH!

The trouble is we tend to keep adding stuff to our homes and don't stop to edit.
I compare it to getting dressed. You've got a great look going but then you keep adding accessories to your outfit. A scarf or two. All of a sudden your great look gets lost. No one will be able to focus on that perfect necklace or pair of shoes because there's too much to look at.

The best outfits are the ones with a simple color palette. A nice pair of jeans, a contrasting top and jacket and some great accent jewelry and shoes.

Your home is no different. It's an extension of who you are but it shouldn't be the catchall for everything you've ever wanted to bring home. Layering is wonderful but you have to know when to stop before your look gets lost.

Start with one room. Treat it like an extension of yourself. How would you dress it?

10 Easy Tips to "Make Under" Your Home

1. Keep in simple, Pick one or two main colors for your walls and floor. The fewer colors the more spacious your home will look.

2. Pick a third and fourth (if desired) accent color . Use these colors sparingly.

3. Keep your surfaces consistent.  Walls should be the same material if possible and painted or finished in the same color on all walls. Floors also. Keep flooring consistent throughout the house.

4. Group your family photos on one wall and use similar frames and mats to keep a unified look. Edit your photos first and keep only the ones you love.

5.  Group your plants also. Your plants will thrive and it reduces watering time. Toss out any that are unhealthy or dying.

6. If a room has more than one use make sure there's a dedicated space for each use. Screens or dividers can help separate living from office or exercise space.

7. Keep your window treatments clean and simple. Heavy window treatments that cut down on light can overpower a room. Invest in some light colored curtain panels instead hung on a simple pole. These look great over inexpensive 2" blinds.

8. Remove area rugs on carpet.  Visually they cut up the floor space and make the room feel smaller.

9. Edit your collections. Keep only pieces you love on display. Again grouping them will create impact and reduce visual busy-ness.

10. Keep it to 5. When in doubt, keep no more than 5 toys or 5 plants or 5 pillows or 5 frames or 5 lamps for example in a room at one time. If you want to add a new piece, take out an old one.

Remember keep it simple. Whether you are getting ready to sell your home or just want to live lighter, a professional home staging consultation can help you with your "makeunder".

Photos are not samples of Hampton Redesign staging but chosen to represent how a simplified color palette can makeunder a room.

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Hampton Redesign   817-891-9563   www.hamptonredesign.com

Tessa Skeens | Owner & Lead Staging Designer

Professional Home Staging and Redesign Services Serving Greater Fort Worth TX Including Aledo, Willow Park, Benbrook, Keller, Arlington, Southlake, Colleyville, Hurst, Mansfield, Burleson and Tarrant County

It is probably true that on half the home inspections I do the filter is installed backwards.  It is important that the filter be installed the right way!  Why?  Because one side is stronger and meant to handle the air flow's pressure.  There is an arrow drawn on every filter to tell you the air flow direction.  Put in backwards, and as it gets loaded with dust, the filter can literally get sucked into the system and even cause damage to the fan.

Someone took the time to draw which way the filter should be installed.

That way, when it is put into the slot, you only have to put the arrow on the filter in the direction of the arrows drawn on the return duct.

What if the arrows are drawn wrong?

THESE ARROWS ARE POINTING IN THE WRONG DIRECTION!!

How do you know which way the air blows?

The air will always be drawn TOWARD the blower.  From the blower it gets heated in the furnace or cooled on the AC coils.

So the air-flow arrows on the filter should point TOWARD blower.

This unit is 5 years old.  It was filthy.  The ducts in the house were filthy.  Could it be the bad information on the arrows contributing to that?

My recommendation:  If you don't know which way the air is blowing, put a piece of toilet paper on the end of a pair of pliers and stick it into the slot.  See which way the paper is drawn.  That is your air flow direction!  Don't believe me?  Check it yourself.  AND THEN DRAW YOUR ARROWS THE RIGHT WAY!

Seven Home Staging Steps That Will Sell Your New Hampshire Home

Home staging is preparing a house for sale.  It is not decorating, it is marketing...strategic marketing.   If you want to sell your New Hampshire home in the shortest time possible, a home staging consult, prior to listing, will give you all the information you need to guarantee that your product is ready for market.

Here are seven home staging steps that could mean the difference between SOLD and EXPIRED:

1.  Update Light Fixtures  

This is an area where a little money spent can make a huge difference and add tremendous perceived value to your house.  You can add thousands of dollars of value by only spending a few hundred dollars.

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2.  Identify Red Flags

A red flag is something that gives potential buyers the impression that there is an existing problem, was a problem in the past, or could be a problem in the future.  Common examples include water stains, storage or space issues, light switches to nowhere, protruding wiring, evidence of pets, and lack of light.

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3.  Pre-Pack Your Stuff

If you want buyers to consider making your house their new home, you need to remove all evidence of you and your family.  The mistake most sellers make is either not removing enough or removing too much, leaving the house cold and vacant. 

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4.  Define Space and Function

Only 10% of buyers can actually visualize a room any other way than how you show it to them.   Don't expect potential buyers to try and figure out how to better arrange the furniture.  It is very important, when preparing a house for sale, to clearly define the space and function of each room. 

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5.  Maintenance Means Money

Your house is only worth what buyers are willing to pay for it.  The more a buyer believes the house has been well maintained, the more valuable they perceive it to be.  Buyers should be greeted with a spotless, move-in ready home, which gives the appearance of being well maintained and cared for.

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6.  Don't Underestimate The Bathroom 

The most personal room in your house is the bathroom, and it is the last place buyers want to be reminded that you live there.  Buyers know that other people are living in the house and obviously use the bathrooms, but emotionally, they don't want to think about it. 

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 7.  Transform With Paint

The biggest bang for your buck is using paint to improve your home's appearance.  Paint will make a room cleaner, fresher, brighter, and more stylish.  It gives buyers the impression that the house has been well maintained and cared for.

Paint can be used to help minimize negative features and to help showcase positive features.  It can be used to create a flow throughout the house and to create a lasting positive impression.

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Consult with a professional home stager prior to listing your home for the best results!

 

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