Trufant Real Estate



Posted by Trufant Real Estate on 1/20/2019

A "lowball" homebuying proposal is unlikely to do you any favors, particularly if you want to acquire your dream residence as quickly as possible. In fact, after you submit a lowball offer, it may be only a matter of time before you receive a "No" from a home seller.

When it comes to buying a house, it helps to prepare a competitive offer. That way, you can increase the likelihood of getting a seller to accept your home offer and speed up the homebuying journey.

Now, let's take a look at three tips to help you avoid the risk of submitting a lowball offer on your dream residence.

1. Analyze the Housing Market

Are you searching for a house in a buyer's or seller's market? Are homes selling quickly in the current real estate market? And are houses selling at, above or below their initial asking prices? These are just some of the questions that homebuyers need to consider as they assess the real estate sector.

With a diligent approach to buying a house, a homebuyer can become a real estate market expert. This buyer can assess a wide assortment of housing market data, and by doing so, gain the insights that he or she needs to submit a competitive offer on any residence.

2. Understand a Home's Condition

A home purchase is one of the biggest transactions that an individual will complete over the course of his or her lifetime. As such, the decision to submit an offer on a house should not be taken lightly.

To make the best-possible choice, it helps to look at all of the available information about a residence. You should review a home listing closely and attend a home showing. In many instances, it may be beneficial to check out a house a few times to get an up-close look at it before you submit an offer.

The condition of a home will play a major role in how much you are willing to offer to acquire a residence. Therefore, you should learn as much as possible about a house's condition. And if you feel comfortable with a home, you should be ready to submit an offer that will match a seller's expectations.

3. Collaborate with a Real Estate Agent

Hiring a real estate agent generally is a good idea, particularly for a homebuyer who wants to reduce the risk of submitting a lowball offer on a house. A real estate agent can help a homebuyer prepare a competitive offer, as well as ensure that a buyer can enjoy a seamless home transaction.

Furthermore, a real estate agent will allocate the necessary time and resources to help you analyze a house. He or she will even offer homebuying recommendations and teach you everything you need to know about the homebuying cycle.

Avoid the temptation to submit a lowball offer on a house use the aforementioned tips, and you can submit a competitive proposal to acquire your dream residence.




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Posted by Trufant Real Estate on 1/13/2019

Selling a home for the first time can be tricky. In fact, first-time home sellers often make mistakes that prolong the home selling process. Perhaps even worse, these errors may cause a home seller to miss out on opportunities to optimize the value of his or her residence.

Now, let's take a look at three common mistakes that first-time home sellers make, as well as ways to avoid these problems.

1. Setting an Unrealistic Initial Asking Price

Although you might have paid a hefty sum for your house a few years ago, what your home was worth then is unlikely to match its current value. However, if you set an unrealistic initial asking price for your residence, you risk alienating dozens of potential buyers.

Before you set a price for your house, it pays to perform plenty of housing market research. That way, you can see how your home stacks up against the competition and price it based on the current real estate sector's conditions.

Furthermore, you may want to conduct a home appraisal prior to listing your house. Following a home appraisal, you'll receive a property valuation to help you establish a competitive price for your residence.

2. Failing to Provide Full Details About Your House

No home is perfect, and a home seller who withholds information about his or her residence risks wasting precious time and resources. To better understand why this may be the case, let's consider an example.

If a home seller fails to include information about a faulty heating and cooling system in a home listing, a buyer will be unaware of the problem. A buyer then may submit an offer on this house that a seller accepts. But during a home inspection, a property inspector likely will discover the defective heating and cooling system, which leads the buyer to rescind his or her offer. And at this point, the seller will have to restart the home selling process from square one.

When it comes to selling a home, it helps to be honest. If you provide full details about your residence, you can help a buyer make an informed decision and reduce the risk of that a purchase agreement will fall apart after a home inspection.

3. Choosing an Ineffective Real Estate Agent

A real estate agent should have a seller's best interests in mind. As such, this housing market professional will collaborate with a seller throughout the home selling journey to ensure a seller can optimize his or her earnings.

Unfortunately, not all real estate agents possess the same skills. But if you evaluate a variety of real estate agents, you can increase the likelihood of finding one who matches or exceeds your expectations.

Employ a real estate agent with a proven reputation. And if you're uncertain about whether a real estate agent can help you achieve your home selling goals, it usually helps to request client referrals from this housing market professional.

Streamline the process of selling your home avoid the aforementioned first-time home seller mistakes, and you can boost your chances of enjoying a quick, profitable home selling experience.




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Posted by Trufant Real Estate on 1/6/2019

Selling a home may seem exceedingly difficult, particularly for those who are adding a residence to the housing market for the first time. Fortunately, there are many quick, easy ways to streamline the home selling process.

Now, let's take a look at three tips that you can use to become an expert home seller.

1. Examine Housing Market Trends

The current state of the real estate market may play an important role in your ability to maximize the value of your residence.

For example, a buyer's market may feature a shortage of property buyers. When this happens, home sellers may compete against one another for property buyers' attention more than ever before, leading to below-average home prices.

It is essential to consider how a seller's market works too.

In a seller's market, there is a shortage of home sellers. This means you may be in a great position to optimize the value of your residence, particularly if you have maintained a high-quality property. In fact, you may wind up receiving multiple offers on your home as soon as it reaches a seller's market.

To find out whether you're operating in a buyer's or seller's market, you'll need to study the real estate sector closely.

Look at the prices of recently sold homes and find out how long these properties were available before they were purchased. Also, you should check out the prices of comparable homes that are currently available to find out how your house stacks up against the competition.

2. Consider the Homebuyer's Perspective

How will a homebuyer feel when he or she sees your residence for the first time? Ultimately, the first impression may dictate whether a homebuyer moves forward with your home or decides to pursue other properties.

Allocate plenty of time and resources to enhance your home's curb appeal you'll be glad you did. Completing home maintenance tasks like mowing the lawn and clearing exterior walkways may help your house stand out in a competitive real estate landscape.

Don't forget to declutter your home's interior as well. By doing so, you can make it simple for homebuyers to imagine what life would be like if they purchase your house.

3. Consult with a Real Estate Agent

Becoming an expert home seller rarely, if ever, happens overnight. Instead, you may need additional help along the way.

Lucky for you, real estate agents are available to teach you about the intricacies of selling a home.

A real estate agent is happy to respond to your home selling concerns and queries at any time. He or she can offer guidance throughout the home selling journey and ensure you can get the best results possible.

When it comes to selling your home, it is important to do everything you can to optimize the value of your property. And with extra support from a real estate agent, you should have no trouble stirring up plenty of interest in your residence.

Use these tips, and you can become an expert home seller in no time at all.




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Posted by Trufant Real Estate on 12/30/2018

Finding the right house that meets your family's needs is an important decision; it's one that can affect the quality of your life for years to come. That's why it's especially important to be in a focused, resourceful state of mind when house hunting. It's also helpful to have a clear idea of what you're looking for and have a system in mind for comparing the strengths and weaknesses of every house you visit.

Knowing What You Want

Chances are, you're going to approach your house search with some preconceived notions about features like the floorplan, bedrooms, and number of bathrooms. You may also have strong preferences for a particular school district, the size of the back yard, and proximity to neighbors. One thing's for sure: There are a lot of details on which you'll need to concentrate as you meet with your real estate agent and visit different homes for sale. While conditions are not always ideal for taking it all in, here are a few tips which may help you get the most from the experience.

  • Work from a checklist: Before plunging into a serious house-hunting campaign, it's a good idea to prioritize the features and characteristics you're looking for in a new home. Ideally, you should have a separate copy of the list for each home you visit and create a simple rating system for evaluating how well each property lives up to your expectations. Make note of your impressions and take a few photos of key rooms, such as the kitchen, master bathroom, or whatever areas are most important to you. As a courtesy, ask the real estate agent if they or the homeowner would mind if you took some pictures.
  • Arrange childcare if possible: When you're going over important details with your real estate agent or visiting a listed house for the first time, you'll be able to get more out of the experience if you can devote your full attention to it. Children, especially young ones, tend to be more focused on their own agenda, including hunger, boredom, sibling conflicts, and the impulse to wander off on their own to explore unchartered territory! When the opportunity arises to check out a potential new home, you'll want to have 100 percent of your mental and emotional resources available to appreciate and absorb all the details, nuances, and possibilities of a house that's for sale. Since "the best laid plans of mice and men often go awry", it won't always be feasible to arrange alternative (and sometimes last minute) childcare plans for your little ones. When it is possible though, you'll have more of your wits about you for the important task at hand.
  • While it's unrealistic to always expect house hunting to go smoothly and without a hitch, a focused and organized approach to finding the home of your dreams will always yield the best results!
     





    Posted by Trufant Real Estate on 12/23/2018

    A home showing is a valuable opportunity for a buyer, as it enables him or her to walk through a residence and find out what a house is all about. At the same time, a single home showing may be insufficient.

    Ultimately, there are many reasons why you may want to schedule a follow-up house showing, and these include:

    1. You can get responses to any unanswered home questions.

    A second home showing gives you the chance to gain additional insights into a residence. Thus, if you failed to get answers to certain home questions during an initial showing, you may want to schedule a follow-up showing.

    Of course, it often helps to craft a list of questions prior to a showing. This list will help you learn about all aspects of a residence.

    2. You can analyze any potential problem areas in-detail.

    If you want to get a close look at various home issues, you may want to schedule a second showing. That way, you can assess these problems in-detail and determine your next step in the homebuying journey.

    Sometimes, it helps to bring a home improvement professional with you during a house showing. If you have a friend or family member who is a home improvement expert, for example, you may want to bring him or her along for a follow-up property showing. This home improvement expert then can provide comprehensive insights into the condition of the house.

    3. You can determine if a house matches your expectations.

    If you are still on the fence about a home following an initial showing, it never hurts to take a second look at this house in-person. Because if you attend a second home showing and find a house matches your expectations, you then can submit an offer to purchase this residence. On the other hand, if you discover a home is not a great fit for you during a second property showing, you can continue your search for your dream residence.

    As you navigate the homebuying journey, it generally is a good idea to hire a real estate agent, too. This housing market professional will go above and beyond the call of duty to help you find a terrific residence that you can enjoy for years to come.

    Typically, a real estate agent will teach you about the homebuying journey and offer tips to help you prepare for property showings. He or she also will attend a home showing with you and respond to your concerns and questions. Plus, if you want to schedule a follow-up home showing or submit an offer to purchase a residence, a real estate agent is happy to help.

    When it comes to navigating the homebuying journey, it usually is beneficial to err on the side of caution. Therefore, if you strive to learn as much as possible about a home after an initial showing, you should schedule a follow-up showing. By doing so, you can perform a full home analysis and determine if a house is right for you.




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