Patricia Betro's Blog
Selling a home may seem impossible at times, especially if you enter a negotiation with a homebuyer. And if you're not careful, you might even lose your cool during a negotiation – something that could put a potential deal with a homebuyer in jeopardy.
Don't let stress get the best of you during a home selling negotiation. Instead, use the following tips to avoid stress as you start negotiations with a homebuyer:
1. Understand the Housing Market
Your home has its pros and cons, and understanding what sets your house apart from others ensures that you can generate plenty of interest in your property when it reaches the real estate market. Meanwhile, assessing the housing market may help you determine whether to accept, decline or counter a homebuyer's offer on your residence as well.
Evaluate the real estate market closely. Take a look at the prices of comparable houses in your area to better understand how your home stacks up against similar properties.
Housing market data can help you make an informed decision about a homebuyer's offer. For example, if a homebuyer submits a competitive offer that meets or exceeds your expectations based on real estate market data, you can accept the proposal and avoid stressful negotiations. Or, if a homebuyer submits a proposal that falls below your expectations based on housing market data, you can politely decline the offer.
2. Maintain a Positive Outlook
There is no need to feel frustrated or mad if a homebuyer submits a "lowball" proposal on your house. Conversely, try to maintain a positive outlook throughout home selling negotiations, and you can avoid the risk of letting stress get the best of you.
Remember, stress can make a difficult negotiation even more challenging. But those who understand how to handle stress can boost their chances of maintaining a positive outlook and getting the best results possible from a home selling negotiation.
If you feel anxious at any point in a negotiation, feel free to take a break. Even spending a few minutes performing deep breathing exercises can help you feel calm, cool and collected. Plus, after you complete a stress-relieving activity, you may be better equipped to maintain a positive outlook throughout the remainder of a home selling negotiation.
3. Collaborate with a Real Estate Agent
Real estate agents are available nationwide and understand how to handle tough home selling negotiations. Therefore, employing an experienced real estate agent may make it easy for you to avoid stress throughout the entire home selling journey.
Your real estate agent will negotiate on your behalf and work directly with a homebuyer. This real estate professional also will keep you informed about home selling negotiations and offer tips and suggestions to ensure you can get the best price for your house.
Ultimately, hiring a real estate agent is a must for home sellers who want to avoid stressful negotiations. With a real estate agent at your side, you should have no trouble accelerating negotiations with a homebuyer and optimizing the value of your residence.
You already know that closing costs on a home can come at a hefty price. There are a few ways that you can actually cut down on the amount of closing costs that you may have on a home.
Compare The Costs
You have the right to shop around for a lender who offers the lowest closing costs. You can even ask your lender to match the closing costs of another lender that may have them for a lower fee. Certain fees that are included in the closing are negotiable and flexible. You’re allowed to shop around for inspections, title searches, surveys, and the like. There’s nothing that says you have to go with the company recommended by your lender for each. There should be a list of services that is included in the closing costs on your estimate that you receive form the lender.
Question What Each Fee Covers
When you get the loan estimate, don’t just accept it. Take a look at each item and inquire what the fee includes. See why each item costs as much as it does. Be on the lookout for fees with similar names. The lender could be double charging you without your knowledge. It’s always good to be informed especially where large investments are involved.
You have the right to negotiate with your lender on the closing costs. You can ask for obscure and unnecessary costs to be taken off from the closing. Getting the closing disclosure form as soon as you can will also help you to settle any discrepancies before it’s too late.
Ask The Seller
Some sellers will even be willing to sweeten the deal for you by either lowering the sale price of the home or covering some or all of the closing costs. Depending on the market, you may be able to get the seller to help reduce your burden of the closing costs.
If You’re Refinancing
Every time that you refinance your home, you’ll need to pay closing costs. There are a couple of ways that you can save in this situation. One is to waive the appraisal altogether. If the home has recently been appraised, you may be able to waive the appraisal completely. You can also request an automatic appraisal rather than a full appraisal in order to save some money.
The other option that you have when refinancing to save money is to save on the title insurance. You can ask for what’s called a re-issue date, which is a less expensive rate for the title insurance for refinancers.
Closing costs are a part of the process when you buy a home. If you’re careful, you might be able to save some money on these mandatory fees.
One exciting part of moving into a new home is dreaming up all the ways you will redecorate and make it your haven. Here’s a guide to picking the perfect paint colors and types for a gorgeous home.
Part of choosing a great color selection is understanding what makes your colors work together so well. You want to pick and stick to one of three color schemes.
Here’s a quick art lesson for today:
Analogous colors are next to each other on the color wheel. These colors when used together allow one color to really stand out.
Monologous colors are shades in the same color family. This color scheme creates a soothing, calm feel to a room.
Complementary colors are opposite one another on the color wheel. The colors in this type of color scheme balance each other equally.
Before heading to the home improvement store for some paint samples it’s best to have the rest of your room’s decor picked out first. Once you have furnishings and accessories picked out you can find a shade for your walls that will tie the entire room together.
A general rule of thumb is:
If you choose a bright or vibrant color for your furniture, choose a neutral shade for your walls.
If you choose neutral colored furnishings you can bring in a bright, vibrant color for your walls.
When designing your entire home it’s best to think of the overall design scheme cohesively. Not every room needs to look the same or have the same colors. However, it should feel like a natural flow and progression as you move from room to room.
Now that you know your colors you’re ready to pick out your paints.
Have you ever wondered why there are so many paint sheen options? And if there is someone out there painting their house entirely with high gloss paint?
While I cant answer the latter question the answer to the former is this: the glossiness of paint directly affects how easy it is to clean.
Here a general guideline of where to use which type:
High gloss should be used for high traffic areas that come into a lot of contact. Think railings and furniture. High gloss can be more costly per gallon but worth the relatively small investment in the long run.
Semi-gloss is great for places that come into contact with a lot of moisture. These are areas like cabinets and trim.
Satin sheen is great for bathroom and kitchen walls. It’s a great balance between a gloss and the matte finish many prefer for their walls.
Eggshell is perfect for bedrooms and other rooms where they aren’t likely to meet as many messes or moisture as the bathroom and kitchen.
7 Memory Lane, Johnston, RI 02911
An open approach to selling a home can make a world of difference for any seller, at any time. In fact, there are many reasons to maintain an open approach to selling a house, and these include:
1. You can consider all of your home selling options.
The prices of homes in one part of the country may vary from the prices of similar houses in another. Fortunately, a home seller who keeps his or her options open can map out the home selling journey based on the current housing sector's conditions.
As you prepare to sell your house, it helps to analyze the local real estate sector and keep your options open. That way, you can price your house appropriately, promote it to the right groups of buyers and boost the likelihood of a fast, profitable home sale.
2. You can wait to accept an offer that matches your expectations.
Let's face it – no home seller wants to deal with underwhelming offers to buy his or her residence. If you maintain an open approach to selling your home, however, you may be better equipped than others to avoid selling yourself short.
Ultimately, an informed home seller is open to any offer on a residence but will only accept a proposal that matches his or her expectations. If this seller receives a "lowball" offer, he or she will have no trouble politely declining the proposal. Or, if this seller gets a "fair" offer, he or she can accept the proposal and move forward in the home selling journey.
3. You can reduce the risk of making rash home selling decisions.
The pressure to sell a house can be immense, particularly for an individual who is selling a residence for the first time. But with an open approach to selling a house, you may be able to avoid making rash home selling decisions.
When the going gets tough for a home seller, he or she knows how to calm down and stay focused. By taking a deep breath and looking at the big picture, a home seller can think and act logically. Then, this seller can allocate the necessary time and resources to make informed home selling choices and increase the probability of making the right decisions based on his or her individual needs.
For those who are getting ready to sell a house, it helps to maintain an open approach to the home selling journey. Furthermore, if you need extra assistance as you prepare to list your home, you may want to reach out to a local real estate agent.
A real estate agent will help you showcase your residence to potential buyers and review offers. Perhaps best of all, he or she can provide honest, unbiased home selling advice and help you remain calm, cool and collected in even the toughest home selling situations.
Make the most of your home selling experience – take an open approach to the home selling journey, and you can move one step closer to accomplishing your home selling goals.