Darryln Leikauskas - CENTURY 21 Commonwealth

Posted by Darryln Leikauskas on 3/9/2018

What happens if you receive an offer on your home that fails to meet your expectations? Ultimately, you may want to decline the offer. But before you do, there are several questions you'll want to consider, including:

1. Is the offer "fair"?

Let's face it one home seller's definition of a "fair" offer may differ from another's. However, an informed home seller will be able to differentiate a "lowball" offer from a strong proposal.

A lowball offer typically fails to account for a home's condition and the current state of the housing market. As such, this proposal may fall far below a home seller's initial asking price.

On the other hand, a strong proposal may meet or surpass a home seller's initial asking price. This offer likely accounts for a home's strengths and weaknesses, along with the needs of a both the homebuyer and home seller.

2. Are there any other offers on the table?

If you receive an offer on your home, you'll probably have one to two days to decide how to proceed. And if you have multiple offers in hand, you likely have a lot to think about in a short period of time.

In some cases, the best offer is not necessarily the highest offer, and for good reason.

For instance, a homebuyer may submit an offer on a home that exceeds a home seller's initial asking price. But if this homebuyer has not been pre-approved for a mortgage, he or she likely will need to obtain financing to proceed with a home purchase.

Conversely, a homebuyer who has been pre-approved for a mortgage knows exactly how much money is at his or her disposal. When this homebuyer submits an offer, he or she may be better equipped than other homebuyers to acquire a residence.

3. Can I afford to be patient?

Consider your timeline as you debate whether to decline an offer.

If you're in no rush to sell your home, you can afford to be patient with offers on your house. Or, if you want to relocate to a new address as soon as possible, you should price your home aggressively from the get-go.

4. If I decline an offer, what will happen next?

After you decline an offer on your home, the homebuyer has the option to submit a new proposal or move on to other houses.

As a home seller, it is important to take an informed approach to home offers. With a real estate agent at your side, you should have no trouble making the best decisions on any proposals.

A real estate agent understands the ins and outs of the housing market and can help you evaluate all offers on your residence. He or she can provide you with honest, unbiased real estate recommendations and ensure you can get the best results during the home selling journey.

Collaborate with a real estate agent you'll be glad you did. A real estate agent will enable you to evaluate home proposals and maximize the value of your house.

Categories: Uncategorized  

Posted by Darryln Leikauskas on 3/2/2018

Want to sell your residence? As a home seller, you'll want to take a cautious approach to the real estate market. That way, you can improve your chances of getting the best price for your residence, regardless of the current housing market's conditions.

Ultimately, there are many reasons why home sellers should err on the side of caution as they prepare to add their houses to the real estate market, including:

1. The housing market constantly fluctuates.

For home sellers, it is important to differentiate between a seller's market and a buyer's market. By doing so, a home seller can assess the current housing market and proceed accordingly.

In a seller's market, there is usually a shortage of high-end houses and an abundance of interested homebuyers. This means home sellers who operate in a seller's market may be more likely to stir up plenty of interest in their houses as soon as these properties become available.

Conversely, a buyer's market typically favors homebuyers, as it features a limited number of homebuyers and a wide range of home sellers. If you're selling your home in a seller's market, you'll likely need to price it competitively to help your residence stand out from the competition.

Allocating the necessary time and resources to analyze the housing market is key. With housing market data in hand, a home seller can determine whether he or she is getting ready to list a house in a buyer's or seller's market.

2. What your home was worth yesterday is unlikely to match what it is worth today.

The price that a home seller initially paid for a residence is unlikely to match what the house is worth today. Thus, a home seller should perform a home appraisal to learn about the present value of his or her residence.

During a home appraisal, a property inspector will assess a house both inside and out. Then, the property inspector will identify any problem areas with a house that could negatively affect the residence's value.

A home appraisal is exceedingly valuable to home sellers. It enables them to understand a house's strengths and weaknesses as well as uncover ways to transform a home's weaknesses into strengths. As a result, a home seller can use a home appraisal as a learning opportunity and find innovative ways to enhance a residence before adding it to the real estate market.

3. Homebuyers are always on the lookout for bargains.

Although a home seller will do everything possible to learn about the housing market, there is always the danger that a homebuyer will submit a "lowball" offer on a house. Conversely, a home seller who errs on the side of caution will be able to differentiate between a legitimate offer and a lowball one time and time again.

Lastly, if you need extra help as you get ready to sell your house, don't hesitate to work with a local real estate agent.

Real estate agents are available in cities and towns nationwide. They can help you get your house ready for the real estate market and ensure you can reap the benefits of a quick, seamless home selling experience.

Become a cautious home seller, and you can move one step closer to maximizing the value of your house.

Categories: Uncategorized  

Posted by Darryln Leikauskas on 2/9/2018

After you accept an offer on a home, you likely will only have a few weeks to pack up your belongings and vacate the premises. As such, there are many questions that home sellers need to consider at this point, including:

1. Where am I going to live?

If you haven't figured out where you're going to live after your home closing, there is no need to panic. Consider all of your potential living options now, and you can plan accordingly.

Oftentimes, friends and family members may be willing to provide you with a temporary place to live. These loved ones may enable you to stay in their houses until you buy a new residence. Or, in some instances, you may be able to permanently move in with friends and family members.

On the other hand, if you enjoy being a homeowner, you may want to kick off a home search right away. This will enable you to find a new place to live in the city or town of your choice. Also, if you work quickly, you may be able to finalize your home purchase around the same time that you sell your current house.

2. What is the homebuyer's next step?

In most cases, a homebuyer will have a set amount of time to schedule a home inspection after you accept his or her offer. Once the home inspection is complete, the buyer will receive a report that provides insights into the condition of your house.

For home sellers, a home inspection can be stressful. If a property inspector discovers problems with a residence, a buyer may choose to walk away from a home purchase or ask a seller to complete various home renovations.

When it comes to selling a house, it pays to be honest. If you provide honest responses to a homebuyer's questions about your residence, you can help the buyer make an informed purchase decision. Plus, with this approach, you can minimize the risk that a home inspection may lead a buyer to rescind his or her offer.

3. What will I need to do to finalize the home sale?

The time between accepting a home offer and reaching the closing date may seem endless. However, a patient home seller will be able to stay calm, cool and collected, even if challenges arise along the way.

As a home seller, you should try to do everything you can to reach the finish line of a property sale. If you maintain consistent communication with a real estate agent, you can seamlessly navigate all stages of the home selling cycle.

A real estate agent works on a home seller's behalf and will do everything possible to minimize potential pitfalls. Thus, this housing market professional is happy to respond to a home seller's questions to ensure this individual is fully supported in the weeks and days leading up to a home closing.

Collaborate with a real estate agent, and you can receive plenty of support throughout the home selling journey.

Categories: Uncategorized  

Posted by Darryln Leikauskas on 1/19/2018

If you want to sell your house and achieve the optimal results, it helps to plan ahead as much as possible. Lucky for you, we're here to help you get ready for the home selling journey.

Now, let's take a look at three tips to help you plan ahead for selling your residence.

1. Conduct a Home Inspection and Appraisal

What you originally paid for your house is unlikely to match your home's current value. Fortunately, you can perform a home inspection and appraisal to ensure that you can price your house appropriately.

During a home inspection, a property expert will examine your house both inside and out. This property expert will identify any underlying problems with your house, allowing you to address such issues before you list your residence.

Meanwhile, a home appraisal ensures that you can receive a property valuation based on the age and condition of your residence, as well as pertinent housing market data. This appraisal enables you to better understand how to price your house, enabling you to establish a competitive initial asking price.

2. Enhance Your House's Interior and Exterior

A dazzling home interior and exterior can make a world of difference for any home seller, at any time. If you dedicate time and resources to perform home upgrades, you may be able to boost the likelihood of a fast, profitable home sale.

To enhance your house's interior, you may want to remove as much clutter as possible from your home. That way, you can make it easy for homebuyers to envision what life may be like if they buy your house.

Furthermore, you should trim the front lawn, clear outdoor walkways and do everything you can to improve your house's exterior. Because with a stunning home exterior, your home's curb appeal will increase, making it more likely than ever before that potential buyers will fall in love with your residence as soon as they see it.

3. Collaborate with a Real Estate Agent

If you're uncertain about how to plan ahead for the home selling journey, there is no need to worry. In fact, you can hire a real estate agent, and this housing market professional is happy to help you get ready to sell your house.

A real estate agent is a housing market expert who will learn about you and your home selling goals. Then, this housing market professional can help you develop an effective plan to sell your house and maximize its value.

In addition, a real estate agent will serve as an expert guide throughout the home selling journey. He or she will help you craft an engaging and informative home listing, promote your house to the right groups of buyers and review any offers on your residence.

When it comes to selling a house, it may be a good ideal to plan ahead. If you use the aforementioned tips, you can create a home selling strategy that ensures you can quickly and effortlessly navigate the home selling journey.

Categories: Uncategorized  

Posted by Darryln Leikauskas on 12/29/2017

Dealing with a lot of stress as you try to sell your house? You're not alone. Fortunately, there are many great ways to minimize stress during the home selling process, including: 1. Prepare Before You List Your Home on the Real Estate Market A diligent home seller will prepare for the best and worst case scenarios, ensuring he or she is ready to deal with any challenges that may arise. For instance, you should conduct extensive research before you list your house on the real estate market. By doing so, you can determine a fair price for your residence and may be able to reduce the need for potentially stressful negotiations with prospective homebuyers. Don't forget to get your home appraised, too. A home appraisal will enable you to find out what your home is worth and discover ways to boost the value of your house as well. 2. Try to Focus on the Positives Unfortunately, when it comes to selling your home, it's often easy to see lots of negatives. From homebuyers who seemingly demand the world from you to the stress associated with keeping your home pristine in the event that you need to host a home showing on short notice, these negatives can add up quickly. And as such, they can cause a tremendous amount of stress. As a home seller, it's important to focus on the positives of your day-to-day life and use these positives to outweigh the negatives frequently associated with selling a home. Whether it's spending time with family members and friends or simply going for a walk on your own, there are many stress-relieving activities that you can enjoy any time you choose. Try to find stress-relieving activities that make you smile, and you should have no trouble maintaining a positive outlook as you try to sell your residence. 3. Work with a Dependable Real Estate Professional Why should you leave your home sale to chance? Instead, work with a reliable real estate agent, and you can minimize stress throughout the home selling process. Many real estate agents are available, and you should try to find one who will collaborate with you during every stage of the home selling journey. Ideally, the perfect real estate agent will possess extensive industry knowledge that makes him or her qualified to sell your residence. You also should strive to find a real estate professional who understands your wants and needs and will stand by your side in both good times and bad. Perhaps most important, your real estate agent should be ready to answer any concerns or questions that you may have at any time. Thus, this professional will be able to help you relieve stress and streamline the process of selling your house. There's no reason to let stress get the best of you as you try to generate interest in your home. But with the aforementioned tips, you'll be able to alleviate stress throughout the home selling process.