Twila E. Palmer's Blog
If you plan to submit an offer to purchase a home, there is no need to leave anything to chance. And in most instances, it is a good idea to put your best foot forward with your offer to purchase. That way, you can boost the likelihood of receiving an instant "Yes" from a seller and moving one step closer to acquiring your ideal residence.
Now, let's take a look at three tips to help you put together a competitive homebuying proposal.
1. Study the Housing Market
The current state of the housing market may impact the definition of a competitive offer to purchase. For instance, if the housing market favors buyers, you may face limited competition to acquire your ideal residence and can craft your offer to purchase accordingly. On the other hand, if the housing market favors sellers, you may need to submit an offer to purchase at or above a seller's initial asking price to secure your dream home.
Take a close look at the housing market and analyze market data. Then, you can differentiate a buyer's market from a seller's market and determine how much to offer for a house.
2. Weigh a House's Pros and Cons
A home has its strengths and weaknesses, and as a property buyer, you should dedicate time and resources to learn about all aspects of a residence. By doing so, you can determine whether a residence is right for you and submit an offer to purchase based on a house's age and condition.
Consider any home repairs that may need to be completed as well. If you understand the costs of potential home improvements, you can craft an offer to purchase that accounts for these tasks.
3. Collaborate with a Real Estate Agent
Submitting a competitive offer to purchase sometimes can be difficult for experienced and first-time homebuyers alike. Fortunately, if you work with a real estate agent, you can get the help you need to create an aggressive offer to purchase.
A real estate agent understands the ins and outs of buying a house and can offer expert insights into the property buying journey. He or she will teach you about the real estate market and respond to your homebuying concerns or questions. In addition, a real estate agent will help you find your dream home, set up house showings and keep you informed about residences that become available and fit your homebuying criteria.
Furthermore, a real estate agent can provide in-depth housing market data and insights. He or she ultimately can help you take the guesswork out of crafting a competitive homebuying proposal. And as a result, a real estate agent will do everything possible to ensure your offer to purchase matches a seller's expectations.
Ready to submit an offer to purchase your dream residence? Take advantage of the aforementioned tips, and you can bolster your chances of acquiring your ideal residence in the foreseeable future.
Let's face it – reviewing an offer to purchase can be difficult. And if a home seller feels unsure about a homebuying proposal, this individual may want to consider rejecting the offer to purchase.
Ultimately, there are many reasons why a home seller may decline an offer to purchase, and these include:
1. An offer to purchase fails to meet a home seller's expectations.
If a home seller receives a "lowball" offer to purchase, he or she may submit an instant rejection. In fact, this seller likely will have no regrets about declining the offer to purchase and continuing to wait for a homebuying proposal that matches his or her expectations.
As a home seller, it is vital to establish realistic property selling expectations before you list your residence. If you set a competitive initial asking price for your home, you may reduce the likelihood of getting lowball homebuying proposals. And as a result, you may be better equipped than ever before to speed up the home selling journey.
2. A home seller has multiple offers to purchase at his or her disposal.
If a home seller receives multiple offers to purchase his or her home, this individual likely has a tough decision to make. Fortunately, a seller can review his or her options and make an informed decision.
When a home seller receives several offers to purchase his or her residence, there is no need to rush to reject or accept a proposal. Instead, a seller should evaluate each homebuying proposal closely and use all of the information at his or her disposal to determine the best course of action.
3. A home seller can afford to wait.
If a home seller lists his or her residence in a buyer's market, the demand for houses may be limited. Conversely, if a seller lists a home in a seller's market, this individual may receive many offers to purchase as soon as his or her residence becomes available.
Sometimes, a home seller who can afford to be patient may choose to reject an offer to purchase in a buyer's market, even if the proposal is competitive. Because if the seller waits for the real estate market to improve, this individual may be able to optimize the value of his or her residence at a later time.
For home sellers who are committed to getting the best price for a home, it generally is a good idea to employ a real estate agent. This housing market professional will help a seller establish a competitive initial asking price for his or her residence. Plus, a real estate agent will set up open house events and home showings to promote this house to potential buyers. And if a seller receives an offer to purchase, a real estate agent can recommend whether the seller should reject, accept or counter the proposal.
Want to list your house and streamline the property selling journey? Hire a real estate agent, and you can work with a home selling expert to evaluate any offers to purchase your residence.
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When we decorate and organize our homes, few of us give more than a passing thought to the way our choices will affect our mood and behavior in our home. Most of us simply organize and decorate based on what we like on a whim.
There are, however, entire fields of study devoted to the way our environment affects us (environmental psychology), and ways we can engineer and design our environments to change our moods and behaviors.
If you’ve ever visited a big city like New York you will likely have noticed an example of this firsthand in city parks.
When you sit down on a park bench, you’ll likely find that it isn’t the most comfortable place to sit. There’s more than just a tight budget at play here. Many engineers who plan parks use the idea of “unpleasant design.” They create benches with the intention of dissuading people from lying down the benches by making them curved or putting arm rests in the middle of them.
In the same way that a city park can be designed to affect your behavior, your home can as well. In this article, we’ll give you some tips on how you can better arrange and decorate your home to have a positive impact on both your mood and behavior.
Organize to your advantage
Many of us think of our homes as the opposite of work--it’s a place we relax after a long day. However, there are a number of chores and tasks you’ll complete at home that can be optimally engineered to save you time.
One simple example is to think about the placement of the items you use in the kitchen. Is your trash can far from the countertop, requiring you to constantly walk away to toss out scraps?
A good way to find out the needless extra work you’re doing around the house is to take note of how you go about your daily routine. This will give you insight into areas where you might better use your time.
Declutter for productivity
Whether you work from home frequently or you just need a quiet place to do taxes or pay bills, a home office can be a good way to avoid distraction. That is, until you fill your home office with distractions.
When organizing your office, think about the content of it. For most people, a decluttered minimalist environment is most conducive to work. Leave out the television, keep your cell phone at bay, and don’t cover your desk in papers that you’ll constantly be rearranging.
Similarly, your computer needs to be tailored to productivity as well. We all know how tempting it is to head over to Facebook or Reddit when we should be focusing on work. A good way to help break this habit is to utilize a time tracking app that lets you know when it’s time for a break. Alternatively, you can use an extension or add-on for your browser that blocks sites like Facebook during the time you specify.
Colors matter more than you think
Each room in your home serves a different purpose. The kitchen is a place of activity and conversation, the bedroom is one of relaxation, and the home office one of focus.
Studies have shown that there is a correlation between the colors and brightness of the room we are in and our moods.
So, when you’re decorating a room in your home, think about the type of colors that fit how you would like to feel in that room.