Colleen Griffin - RE/MAX Vision



Posted by Colleen Griffin on 1/28/2019

After you receive an offer to buy your house, you likely will have only a short period of time to determine whether to accept this proposal. As such, pressure can add up quickly, which often can make it tough to make the best-possible decision.

Fortunately, we're here to help you analyze your options and determine how to proceed with a homebuying proposal.

Let's take a look at three steps that every home seller should take after receiving a homebuying offer.

1. Weigh the Pros and Cons

Make a pros and cons list to examine a homebuying proposal – you'll be glad you did. With this list, you can assess the advantages and disadvantages of accepting a homebuying offer and proceed accordingly.

If you accept an offer, you can move forward in the home selling process. On the other hand, if you don't feel that an offer matches your expectations, there may be no reason to accept this proposal.

2. Evaluate Your Home Selling Goals

Consider your home selling goals as you evaluate an offer to buy your house. By doing so, you can determine whether an offer falls in line with your goals.

For example, if your goal is to sell your house as quickly as possible, the amount of the offer may not matter. In this scenario, you may want to accept a homebuying proposal to accelerate the home selling process.

Comparatively, if your goal is to maximize your profits, you will need to determine if a current offer is the best proposal that you could receive. If the answer is "Yes," then you may want to proceed with a home sale. Or, if the answer is "No," you may want to reject or counter a buyer's proposal.

3. Consult with a Real Estate Agent

Let's face it – evaluating a homebuying proposal can be difficult, particularly for a first-time home seller. If you consult with a real estate agent, however, you can get the help you need to make an informed decision about an offer.

A real estate agent can offer lots of housing market data to help you understand the current value of your house. Plus, this housing market professional can provide recommendations about whether to accept, reject or counter a homebuying proposal.

Perhaps best of all, a real estate agent will serve as a guide throughout the home selling journey. He or she can keep you up to date about any offers on your house, perform deep analysis of all homebuying proposals and ensure you can determine the best course of action on any offer, at any time.

Let's not forget about the housing market expertise that a real estate agent possesses, either. A real estate agent understands there is no such thing as a "bad" question. Thus, a real estate agent will respond to any home selling queries that you may have.

Take the guesswork out of assessing a homebuying proposal – use the aforementioned steps, and you can determine whether to accept an offer on your house.





Posted by Colleen Griffin on 8/6/2018

Making an offer on a home you’re hoping to buy is a stressful endeavor. You want your offer to stand apart from others, and if you don’t feel comfortable increasing the offer, a personalized letter is a good way to explain your situation and possibly sway the seller in your favor.

Sounds good, right? But when most of us sit down to write an effective offer letter we often come up stumped. What makes your situation different than any other hopeful buyer? How do you find the right tone in your letter? How do you sign off at the end? 

There are a number of things to consider when writing an offer letter. So, in this article, we’re going to help you craft an offer letter that will give you the best chance of getting accepted by a home seller.

 Begin with them

Before you start talking about yourself and why you love the house, start by addressing the seller by name. Thank them for letting you view their home, and compliment them on the work they’ve done to take care of it.

Why you love their home

A good place to start in your offer letter is to describe exactly what sets their home apart from the others you looked at. Are there defining characteristics of the home that make it perfectly suited to your family? Does it have a large yard that your dog will love to run in or the workshop you’ve always wanted to practice your woodworking?
Make your letter personal. This is your chance to show that you aren’t just concerned with the price of the home.

Share information wisely

Some buyers get excited about all of the changes they would make if their offer was accepted on a home. And while it’s okay to plan and be excited for the future, you might not want to share that information with the seller.

Remember that they have many memories and hours of work put into their home, and they might not appreciate you talking about how you’re going to start tearing down walls.

Be concise

Once you get into the flow of writing your letter, it’s easy to get carried away. However, sellers will be more receptive to reading and understanding your letter if it is short and to the point. Try not to go over a page, single-spaced.

Once you’ve written your letter, review it to see if there’s anything that can be simplified or removed altogether.

Peer review

Before sending your letter, have a family member, friend, or real estate agent look it over. Not only will they be able to catch small grammatical errors, but they’ll also let you know if something you’ve written is confusing or would be considered over-sharing.

Presentation

You might be tempted to hit the send button as soon as you’re done with your letter. However, receiving an email can be impersonal--we all get hundreds of emails that we never even open. Rather, print your letter on nice paper, sign it by hand, and consider attaching a family photo if you have one that’s suitable.







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