Ryan Seward - RE/MAX Select Realty

Posted by Ryan Seward on 3/15/2018

Homeowners put a lot of time, money, and effort into maintaining, updating, and decorating their homes. So, when itís time to sell it can be frustrating to receive a lowball offer on your home.

Many sellers arenít sure how to react to a low offer. However, with so much at stake itís important to go into selling your home with a plan.

In this article, weíre going to talk about how to handle a low offer on your home so that you can capitalize on even the less-than-ideal prospects when selling your house.

Every offer deserves a polite response

So, youíve gotten an offer on your home that you consider to be way too low. The first thing you need to do is to detach your emotions from the situation so that you can formulate a polite, but appropriate response.

It is the custom of many people around the world to negotiate. And one common practice in negotiation is to start with a low offer. Therefore, donít be offended if you receive an offer that is low as it likely isnít meant as an insult to you or your home.

We understand that selling can be frustrating, so if you need to vent, talk it over with your family or agent. Together youíll be able to get past the initial frustration and come up with a quick, practical response to the offer.

Counter the offer anyway

Even if you think thereís a small chance that the prospective buyer will raise their offer to fit your requirements, itís still worth providing a counter offer. This will make it clear to the buyer that you have received their offer and considered it.

Failing to provide a counter offer could mean you miss out on a serious offer in some cases, so itís worth the small amount of time it takes to provide.

Donít waste too much time negotiating

So, youíve sent a counter offer and have received a response that still isnít getting anywhere close to what youíre looking for. Now what?

In this situation, itís best to send a concise and cordial message to the buyer that you wonít be able to adjust your offering price any further and then thank them for their time. After this point, it likely isnít worth your time to continue negotiating.

Low offers can be helpful

If youíre getting a lot of low offers and none in the range you hope for, it could be time to reconsider a few things. You might want to try a new approach, such as staging the home or highlighting certain details that you may have missed. If your listing photos arenít up to par you can upload new ones that are higher quality with better lighting.

Next, see if the comparable listings in your area have gone down in price. A substantial change in the local market since the time you listed your property is, in some cases, enough to influence the offers you receive.

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Posted by Ryan Seward on 1/18/2018

Want to add your condo to the real estate market? As a condo seller, you'll want to do everything possible to prep your residence so you can streamline the property selling process. Fortunately, we're here to help you do just that.

Here are three tips to help you simplify the condo selling process.

1. Conduct a Property Appraisal

What you paid for your condo a few years ago is unlikely to match what your residence is worth today. Therefore, a condo seller should conduct a property appraisal to understand the true value of his or her residence.

A property appraisal may prove to be exceedingly valuable for a condo seller. This appraisal ensures a property expert will examine your residence both inside and out and help you uncover any problems with your condo. Then, you can allocate the necessary time and resources to complete any condo repairs or mainteanance to boost your property's value.

With a property appraisal, you can learn about your condo's strengths and weaknesses and plan accordingly. You'll also be able to establish a "fair" price for your home based on your property's condition.

2. Declutter Your Condo

For condo sellers, decluttering a property is paramount. With a clutter-free condo, you can make it easy for condo buyers to envision what life would be like if they purchase your residence.

To declutter a condo effectively, you'll first want to remove any personal belongings from your property. Antiques, photographs and other personal belongings can be put in storage until your condo sells.

Furthermore, don't forget to clean your condo's interior as much as possible. A pristine interior can boost your condo's chances of making a positive first impression on property buyers as soon as they walk through the front door.

If you need extra help with condo cleaning, don't hesitate to hire a professional cleaning company. By doing so, you may be able to transform an ordinary condo into an awe-inspiring property.

3. Work with a Real Estate Agent

When it comes to selling a condo, why should you be forced to leave anything to chance? Conversely, work with a real estate agent, and you can take the guesswork out of selling your condo.

A real estate agent with condo selling experience understands what it takes to promote a residence to the right groups of property buyers. This real estate professional will go the extra mile to ensure you can move quickly and effortlessly through the condo selling process.

For example, a real estate agent will set up condo showings and open houses. These events will make it easy to showcase your residence to property buyers and increase your chances of receiving multiple offers on your condo.

A real estate agent also serves as a housing market expert. He or she will be ready to respond to any condo selling queries, at any time. That way, you can receive the support you need to make informed condo selling decisions.

Leverage these tips, and you can simplify the condo selling process.

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Posted by Ryan Seward on 1/11/2018

If you want to sell your house, you may want to take a close look at your home's interior. That way, you can identify any potential home interior issues and address them as quickly as possible.

Determining the best ways to transform your home's interior from drab to fab may seem difficult, particularly for a first-time home seller. Fortunately, there are several proven ways to enhance your residence's interior, and these include:

1. Cleaning

If it has been several weeks or months since you last cleaned your house, there is no time like the present to perform extensive home interior cleaning.

Wipe down countertops, mop the floors and clean every room of your house. By doing so, you can make your house look clean and pristine.

Also, if you need extra help cleaning your home, you may want to hire a cleaning company. With a team of home cleaning professionals at your side, you can speed up the process of improving your house's interior.

2. Decluttering

Clutter is an eyesore that home sellers should try to eliminate. Luckily, there are many quick, easy ways to remove clutter from your house.

Oftentimes, one person's clutter is another's treasure, and you may be able to sell excess items at a garage sale or online. Set competitive prices for your excess items, and you should have no trouble stirring up interest in these items.

You also can donate excess items to charities in your city or town. Reach out to local charities, and you may be able to get excess items picked up from your house.

3. Interior Upgrades

If you notice home interior lights are no longer working, cracks or dents in your walls or other minor home interior issues, you should spend some time performing various upgrades and repairs.

In most instances, minor home interior upgrades and repairs may require just a few minutes to complete. Meanwhile, these home interior improvements can make a world of difference in the eyes of homebuyers and can help your home stand out to potential buyers.

Clearly, there are many ways to improve a house's interior in no time at all. But if you require additional assistance, you can always hire a real estate agent to help you generate interest in your residence.

A real estate agent knows exactly what it takes to bolster a house's interior. He or she can help you assess your home's interior and prioritize assorted home interior improvements.

Furthermore, a real estate agent will make it easy to navigate all stages of the home selling process. This housing market professional will help you list your house and promote it to large groups of potential buyers. Plus, if you receive offers on your house, a real estate agent can help you evaluate these proposals and make an informed decision.

Don't hesitate to enhance your home's interior. Instead, consider the aforementioned options, and you can take the first step to improve your house's interior.

Posted by Ryan Seward on 11/16/2017

As a first-time home seller, it is important to avoid shortcuts. By doing so, this home seller may be better equipped than others to reduce the risk of accepting a "lowball" offer on his or her residence.

A lowball offer is something that every home seller would like to avoid. Yet a home seller who lacks real estate knowledge and insights may struggle to identify a lowball offer, particularly if he or she is listing a residence for the first time.

Ultimately, there is no need for a first-time home seller to settle for a lowball offer. Lucky for you, we're here to teach you how to identify a lowball offer in any real estate market, at any time.

Now, let's take a look at three tips to help a first-time home seller identify and address a lowball offer on his or her residence.

1. Learn About the Housing Market

The housing market often fluctuates, and a real estate sector that favors home sellers today may morph into one that favors homebuyers tomorrow. As such, a first-time home seller should allocate the necessary time and resources to monitor real estate market patterns and trends closely.

To learn about the housing market, it is essential to analyze available houses in your city or town. Furthermore, don't forget to assess available houses that are similar to your own.

Housing market data can provide pivotal insights that a home seller can use to stir up substantial interest in his or her residence. Plus, these insights can help a home seller establish a competitive price for a home, thereby reducing the risk of receiving a lowball offer on his or her house.

2. Understand Your Home's Value

For first-time home sellers who want to avoid lowball offers, a home appraisal is ideal. In fact, a home appraisal can make it simple for a first-time home seller to understand what his or her property is worth based on its current condition.

As part of a home appraisal, a property inspector will assess a house both inside and out. After the appraisal is completed, the inspector will provide a home seller with a report that outlines his or her findings. Then, a home seller can use the report findings to review a house's strengths and weaknesses and complete home improvements as needed.

A home appraisal can help a home seller uncover ways to bolster a house's interior and exterior. In addition, the appraisal can provide insights that highlight a home's true value and help a home seller minimize the risk that he or she will accept a lowball proposal.

3. Collaborate with a Real Estate Agent

A first-time home seller may be uncertain about how to proceed with an offer. Fortunately, real estate agents can provide unparalleled insights into the housing market and help home sellers make informed decisions.

In most instances, a real estate agent is happy to discuss an offer with a home seller. This housing market professional can offer honest, unbiased home selling recommendations to ensure a home seller can differentiate between a lowball offer and a strong proposal as well.

Avoid the danger of accepting a lowball offer on a residence Ė use the aforementioned tips, and a first-time home seller will be better equipped than ever before to accept the best proposal for his or her house.

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Posted by Ryan Seward on 10/26/2017

Many home sellers face a dilemma. In most instances, it is important to set a competitive price for your property to stir up plenty of interest in it. Conversely, it is essential to explore ways to maximize the value of your residence.

For home sellers, establishing the right price for your house is key. By doing so, you can set a price for your home that meets your needs as well as homebuyers'.

What does it take to establish the right price for your residence? Here are three tips to ensure home sellers are equipped to do just that.

1. Study the Housing Market Closely

The housing market fluctuates constantly. As such, what your home was worth yesterday may not be what it is worth today.

If you study the housing market closely, you can price your residence based on the current real estate sector's conditions. Thus, you'll be better equipped than other home sellers to garner attention from homebuyers and accelerate the home selling process.

Examine the prices of comparable houses in your area, along with the prices of recently sold houses similar to your own. This will make it easy for you to establish "fair market value" for your property and price it accordingly.

Also, don't forget to conduct a home appraisal before you add your home to the real estate market. With a home appraisal, you'll be able to receive comprehensive insights into your home's condition and complete home repairs to boost its value.

2. Set Home Selling Goals

Do you want to sell your house as quickly as possible? Or are you looking to optimize the value of your home, regardless of how long it remains on the real estate market?

Set home selling goals prior to adding your house to the real estate market, and you can establish a fair price for your residence.

For example, if you want to sell your house so you can relocate quickly, you may want to price your residence competitively. On the other hand, if you can afford to be patient, you can always wait out a buyer's market to maximize the value of your residence.

3. Hire an Experienced Real Estate Agent

Your real estate agent will play a key role in your ability to sell your house and get the best price for it. And if you employ an experienced real estate agent, you should have no trouble accomplishing your home selling goals.

With an experienced real estate agent at your disposal, you can receive extensive support throughout the home selling process. This real estate professional will offer expert tips and advice to help you get your property ready for the real estate market. In addition, he or she can offer guidance about how to price your home competitively, whether to accept or reject a homebuyer's offer and more.

Collaborate with an experienced real estate agent, and ultimately, you can simplify the process of selling your home.

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