Colleen Griffin - RE/MAX Vision



Posted by Colleen Griffin on 7/2/2018

If you receive an offer to purchase your house, determining how to proceed with this proposal sometimes can be difficult. Ultimately, a home seller needs to weigh the pros and cons of accepting an offer to purchase. And if the pros outweigh the cons, it probably is a good idea to accept the homebuying proposal.

When it comes to reviewing an offer to purchase, there are many reasons why a seller should accept this proposal, and these include:

1. An offer to purchase matches or exceeds a home seller's expectations.

If a home seller receives an offer to purchase at or above the initial asking price for his or her house, accepting the proposal likely is a no-brainer. In fact, a seller may want to provide an instant "Yes" to this offer so he or she can quickly move on to the next step of the property selling journey.

Of course, it helps to establish realistic home selling expectations before listing a residence. If a seller sets a competitive initial asking price that corresponds to his or her home selling expectations, then this individual may be better equipped than others to enjoy a seamless property selling experience.

2. An offer to purchase falls in line with the current housing market's conditions.

If you're selling a home in a buyer's market, you may pounce at the opportunity to accept any offer to purchase that comes your way. Comparatively, if you list your house in a seller's market, you may need to consider all of your options closely before you accept an offer to purchase.

As a home seller, you should evaluate the current state of the real estate market. If you allocate time and resources to learn about the housing market, you can gain real estate market insights to help you determine whether to accept an offer to purchase.

3. An offer to purchase enables a home seller to speed up the property selling process.

If you're operating on a tight home selling timeline, you may be more inclined than ever before to accept an offer to purchase, even if it falls below your initial expectations. Conversely, if you plan ahead for the home selling journey, you may reduce the risk of facing a time crunch to sell your house.

For home sellers, hiring a real estate agent is key. This housing market professional can help a seller prepare for the real estate market and ensure that a seller sets a competitive price for his or her house. Plus, a real estate agent will set up home showings and open house events to showcase a residence to prospective buyers. And if a seller receives an offer to purchase, a real estate agent can provide a recommendation about the best way to respond to this homebuying proposal.

Ready to add your house to the real estate market? Collaborate with a real estate agent, and you can boost the likelihood of getting an offer to purchase your home that allows you to maximize the value of your property.





Posted by Colleen Griffin on 5/28/2018

Deciding whether to submit an offer to purchase a house may prove to be difficult. Fortunately, we're here to help you weigh the pros and cons of submitting a homebuying proposal so you can make the best-possible decision.

Now, let's take a look at three tips to help you determine whether now is the right time to submit an offer to purchase a residence.

1. Evaluate Your Budget

If you believe you've found your dream home, you should take a look at your budget. That way, you can verify whether you'll be able to afford this residence both now and in the future.

Oftentimes, it helps to get pre-approved for a mortgage before you start a house search. If you meet with banks and credit unions, you can learn about all of the mortgage options at your disposal. Then, you can select a mortgage that allows you to pursue a house with a budget in hand.

2. Consider Your Homebuying Criteria

You want to discover your dream residence as quickly as possible, but it is paramount to find a house that you can enjoy for years to come. If you have a list of homebuying criteria, you may be able to quickly determine whether a residence is right for you.

As you craft homebuying criteria, think about what you want to find in your dream residence. For instance, if you've always wanted to own a house on a beach, you can narrow your home search accordingly. On the other hand, if you would like to own a home that has an above-ground swimming pool but can live without this feature if necessary, you should include an above-ground swimming pool as a low-priority item on your homebuying checklist.

3. Assess the Housing Market

The housing market often fluctuates, and a buyer's market today may shift into seller's favor tomorrow. If you analyze the housing market closely, you can differentiate a buyer's market from a seller's one. You then can decide whether to submit an offer to purchase or hold off on providing a homebuying proposal until housing market conditions improve.

To distinguish a buyer's market from a seller's market, it generally is a good idea to look at the prices of recently sold houses in your city or town. You also should find out how long these residences were available before they sold. By reviewing this housing market data, you can assess the demand for houses in your city or town.

Lastly, as you debate whether to submit an offer to purchase a residence, you may want to consult with a real estate agent. This housing market professional is happy to provide honest, unbiased homebuying recommendations. As a result, a real estate agent can help you perform an in-depth evaluation of a home and determine whether to offer to buy this house.

Make an informed decision about whether to submit an offer to purchase a residence Ė use the aforementioned tips, and you'll be better equipped than ever before to decide how to proceed with any house, at any time.





Posted by Colleen Griffin on 9/24/2017

If youíre a first-time homebuyer you might be worried or anxious about the process of making an offer on a home. After all, negotiating isnít something most of us look forward to on a day to day basis and we try to avoid it when possible. When it comes to buying a home, however, negotiating is usually part of the process.

One of the benefits of working with a real estate agent is that they have the knowledge and expertise to help you out through the negotiation process. Not only will they help you formulate your offer, but theyíll also present the offer for you and handle the in-person negotiations.

Buyerís vs sellerís market

Whether or not the odds are in your favor depends on many things. One important factor is the state of the real estate marketing. In a sellerís market, which is what weíre in right now, there are more buyers looking for homes than there are sellers trying to sell them.

However, you can still edge past the competition in a sellerís market if you plan accordingly. This is when negotiation comes into play, and when effective negotiation can get your offer accepted where others are declined.

Time is of the essence

When youíre shopping for a home in a sellerís market, youíll need to be swift with your offer and counteroffers to stay ahead of other prospective buyers. However, being too hasty with your offers can seem imposing or reckless. Itís better to take a day longer to come up with a more effective offer than it is to make an offer that looks bad to the seller.

Be clear and concise

Just as youíre nervous making offers on a home, sellers are usually nervous fielding them. So, if you want to make things easier for you and your seller, make sure your offer is simple and straightforward.

This involves removing unnecessary contingencies and sticking to the contract basics--inspection, appraisal, and financing. If the seller receives another offer that is riddled with contingencies, they might prefer to work with you since you presented them with a simple contract.

Be prepared

Having your paperwork in order, getting preapproved, and making yourself available as much as possible will go a long way in the negotiation process. Now more than ever itís important to be well-organized.

Do your homework on the house and neighborhood youíre interested in. Make sure you know if there is a lot of interest in the area and the house in particular. This will let you know how much breathing room you have.

Getting preapproved will not only help you know the limits you can offer but it will also signal to the seller that youíre a serious buyer.







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