Paul R. Andrews' Blog
The ideal luxury house in Florida varies from homebuyer to homebuyer. Thus, the perfect luxury home for one buyer may be located along a dazzling Miami beach. On the other hand, another buyer may find his or her dream luxury residence just minutes from Disney World.
Regardless of whether you locate your ideal luxury home in Fort Lauderdale, Jacksonville or any other Florida city or town, it helps to know exactly what to do when you discover your dream house. Now, let's take a look at three tips to help you map out the next steps after you find your ideal Sunshine State luxury home.
1. Stay Calm
Let's face it – once you find your ideal Florida luxury home, the urge to submit an offer to purchase can be strong. In some cases, property buyers may panic. And if this occurs, a buyer risks paying too much to acquire a luxury residence in Orlando, Tampa Bay or any other Florida city or town.
Ultimately, it helps to remain patient, even after you discover your perfect Florida luxury home. Because if you stay calm, cool and collected, you can reduce the risk of making a rash homebuying decision.
2. Put Together a Competitive Offer to Purchase
A competitive offer to purchase your dream Florida luxury residence is a must. If you put together a Sunshine State luxury homebuying proposal that matches or exceeds a seller's expectations, you can increase the likelihood of enjoying a successful property buying experience.
To prepare a competitive offer to purchase a Florida luxury home, it often helps to analyze the local luxury housing market. For instance, if you want to buy a luxury home in St. Augustine, it may be beneficial to look at the prices of recently sold luxury residences in the city. That way, you can differentiate a buyer's market from a seller's market and craft your offer to purchase accordingly.
3. Consult with a Real Estate Agent
If you're unsure about how to navigate the Florida luxury homebuying journey, there is no need to worry. You can always hire a real estate agent who can help you make sense of the luxury housing market in Lake Worth, Gainesville or elsewhere in the Sunshine State. As a result, you and a real estate agent can work together to achieve the best-possible results during the Florida luxury homebuying journey.
After you find your ideal Florida luxury home, a real estate agent will make it simple to submit a competitive offer to purchase this residence. If your homebuying proposal is accepted, a real estate agent will help you schedule a home inspection, appraisal and any other tasks to finalize your house purchase. And if you ever have concerns or questions during the Florida luxury homebuying journey, a real estate agent is ready to respond to them.
Don't hesitate to acquire your dream Florida luxury residence – use the aforementioned tips, and you can make your Sunshine State luxury homebuying dream come true in no time at all.
Although preparing your house for a real estate showing can be hectic, there are ways to make it easier and less stressful. One source of stress for many people is that nagging feeling that they're forgetting to do something important.
Admittedly, overlooking some things could result in lost sales or even lost valuables, but a little advance planning and organization can help prevent those problems from happening.
The solution is to create a checklist of important reminders and tasks you have to complete before leaving the house. Your real estate agent will provide helpful guidance and tips on effectively preparing your house for showings.
Putting Your Best Foot Forward
When your house is up for sale and it's being actively marketed, appointments with prospective buyers are sometimes made on the spur of the moment. While real estate agents will be scheduling the appointments and conducting the tours, it's up to you to ensure that your home is always in tip-top condition. Hopefully, you'll be able to enlist your family's help in picking up clothes, putting dirty dishes in the dishwasher, and cleaning up after themselves. If you have small children, they will undoubtedly need assistance in putting away their toys and making their bedrooms look civilized! Here are a few guidelines to keep in mind when getting ready for house showings:
- Cleanliness (or a lack thereof) will be one of the many things that house hunters notice. While your house may meet their requirements for number of bedrooms, bathrooms, and overall layout, they could quickly lose interest if your floors, countertops, and sinks are visibly dirty.
- Pets can be a potential issue if your home is scheduled for a showing. Not only can dogs be a distraction if they bark a lot or have other undesirable behaviors, but some people are allergic to dogs and cats. The ideal solution is for a friend, family member, or neighbor to take care of your dog while the house is being shown. Unfortunately that's not always possible. Sometimes confining your dog to a fenced-in back yard (briefly) or a comfortable crate that they're accustomed to may be a viable, short-term solution. Several factors would come into play, including the weather, the temperament of your dog, and whether it's going to bother the neighbors by being outside.
- Doing your best to eliminate clutter throughout the house is another strategy for making the best possible impression on potential buyers.
Protecting Your Valuables and Privacy
Another priority that some homeowners forget is to hide valuables, such as jewelry, mobile devices, checkbooks, and cash. It's also a good idea to make sure your computers are password-protected, and that you turn them off before leaving the house. If you have any concerns about security during home showings, you might want to hide computers, personal items, and yesterday's mail in a secure place. Although most people touring your house will only be interested in its features, décor, and condition, it's always good to exercise a little caution when opening your house up to the public.
When you’re trying to sell your home, there are a few mistakes that could make or break completing the sale of the home in a timely manner. While some things like a tough market or a home with a lot of extra-special features are out of your immediate control, there are plenty of things that you can do when it comes to selling your home. Read on for expert selling tips on what to avoid when your home is going on the market.
Your Home Is Overpriced
Overpriced homes tend to sit on the market for a longer period of time. This is because buyers can see that the price isn’t right and are waiting for a price drop. It’s so easy to overestimate the value of your home as well.
When a home sits on the market for a longer period of time, buyers also wonder if there’s something wrong with the home. Was there a botched inspection? Does the home need major work that’s not visible to the naked eye? An idle home sale leaves buyers wondering, and your home still left on the market.
As far as price goes, if your home has been sitting on the market, you’ll need to consider dropping the price in a timely fashion if the price isn’t right. You also should be open to bargaining with buyers. In the grand scheme of selling a home sometimes being stubborn with $5,000 doesn’t pay off in the end.
You Didn’t Clean Before A Showing
When your home goes on the market, you’ll need to do a deep clean of the home. This could mean shelling out some money for a professional cleaning service. Buyers want to see homes that are in pretty good condition. It’s hard to picture living in a place where there’s a lot of dirt and clutter. If you need to, put some of your stuff in storage for the showing. Buyers need some vision to help them decide on the home that’s right for them. You can help them to find that vision with a spotless house.
Using Subpar Photographs
When it comes to selling your home, you want the best possible photographs to depict your property. Most home buyers start their search online these days and high-quality photographs are the best first impression of your property that you can give. A few cell phone pictures just won’t cut it. If you can’t get professional photographs done to sell your home, you might want to find someone with a more professional camera or a bit of amateur photography skills. Buyers are focusing on the pictures way more than they are the words in descriptions for online listings. Find the best way to give buyers an overview of your property in images with a good impression.
If you buy or sell a home, it is normal to expect negotiations after an initial offer is submitted. However, differentiating between a "fair" counter proposal and an exorbitant offer sometimes can be difficult.
Lucky for you, we're here to help homebuyers and home sellers submit a successful counter offer at any time.
Now, let's take a look at three best practices to help you create a successful counter proposal.
1. Consider Your Counterpart's Perspective
If you are buying a home, consider the seller's perspective. Or, if you're selling a house, evaluate the buyer's perspective. In both scenarios, you can gain insights into what your counterpart might be thinking and tailor your counter offer accordingly.
For example, if a house has been available for several weeks or months, a homebuyer should consider this information as he or she preps a counter proposal. By doing so, a homebuyer can weigh the pros and cons of waiting out a buyer's market and craft an effective counter offer.
On the other hand, if a home seller has several offers in hand, this seller may want to consider submitting a counter offer that matches or exceeds a house's initial asking price. With a seller's market in place, a home seller should have no trouble stirring up plenty of interest in a home, even if a buyer rejects a counter proposal.
2. Evaluate the Housing Market
Take a look at the prices of available houses in your city or town. This housing market data can help you differentiate between a buyer's and seller's market – something that may prove to be exceedingly valuable as you put together a counter offer.
Also, examine the prices of recently sold houses that are similar to the home that you want to buy or sell. By leveraging this housing market data, you can evaluate the prices of similar properties and boost your chances of submitting a competitive counter proposal.
3. Consult with a Real Estate Agent
If you're struggling to create a fair counter offer, it certainly helps to consult with a real estate agent.
Ultimately, a real estate agent is committed to helping homebuyers and home sellers achieve their respective goals. This housing market professional can provide a wealth of housing market data to help a homebuyer or home seller craft a viable offer. Furthermore, a real estate agent is happy to provide honest, unbiased home offer recommendations, ensuring both buyers and sellers can make informed decisions.
Let's not forget about the support that a real estate agent provides throughout the homebuying and home selling journey, either. A real estate agent will be ready to respond to a buyer's or seller's questions without delay. Plus, this housing market professional will go above and beyond the call of duty to ensure all parties involved in a home sale enjoy a seamless experience.
Ready to negotiate a counter offer? Use the aforementioned best practices, and you can quickly and effortlessly create a successful counter proposal.
For homebuyers, a home inspection is paramount. This inspection enables you to look closely at a house and identify any problem areas. It also may force you to rethink your decision to buy a house, particularly if you discover a wide range of problems during the inspection.
Ultimately, it pays to consider your options following a home inspection. In fact, if you take an in-depth approach to potential home repairs, you can determine whether to ask a seller to complete these repairs before you finalize a purchase agreement.
Before you ask a seller to perform home repairs, there are several questions that you should consider, and these are:
1. How much will it cost to complete assorted home repairs?
A damaged roof is much more expensive to repair than a defective light fixture. Fortunately, if you assess the costs of potential home repairs, you can differentiate major home repairs from minor ones and plan accordingly.
If a home requires thousands of dollars in repairs, it may be worthwhile to ask a seller to complete these repairs. Otherwise, you'll be responsible for allocating the necessary time and resources to perform costly home repairs after you finalize your house purchase.
On the other hand, minor home repairs may be easy to handle on your own. If you feel comfortable completing minor home repairs, you may want to avoid submitting a request to a seller to perform these repairs. Because if you ask a seller to complete myriad minor home repairs, he or she may walk away from a potential home sale.
2. Are there any required repairs that must be completed right away?
Required repairs, i.e. repairs that will address hazardous conditions in a house, sometimes will need to be completed following a home inspection. These repairs include water penetration issues and local code safety violations.
If required repairs go unaddressed, your lender is unlikely to provide you with the financing that you need to acquire a house. Thus, you should request a seller complete these repairs as soon as possible.
3. Is it worth my time to ask a seller to complete home repairs?
There is no right or wrong answer to the aforementioned question, as every homebuyer and home seller is different. If you are uncomfortable with a house following an inspection, you should examine the inspection report and determine the best course of action. And if you feel that asking a seller to perform home repairs is essential, it is important to do just that.
Lastly, if you need assistance throughout the homebuying journey, it helps to work with an expert real estate agent. This housing market professional usually will attend a home inspection and help you assess a house. Plus, an expert real estate agent is happy to provide recommendations and suggestions to ensure you can make an informed home purchase.
Take the guesswork out of evaluating a house following an inspection – consider the aforementioned questions, and you can determine whether to ask a seller to complete home repairs after an inspection.