Kristen Meleedy, CBR's Blog
If you receive an offer to purchase from a property buyer and decide to submit a counter-offer, it is important to err on the side of caution. Because if your counter-proposal fails to meet a buyer's expectations, you risk missing out on the opportunity to sell your house and maximize your home sale earnings.
When it comes to reviewing an offer to purchase and submitting a counter-proposal, it helps to prepare as much as possible. Fortunately, we're here to help you perform a full analysis of a homebuying proposal and ensure that you can submit a counter-offer that matches the expectations of both you and a buyer.
Now, let's take a look at three tips to help you put together a "fair" counter-proposal to a buyer's offer to purchase your home.
1. Use Housing Market Data to Your Advantage
Take a look at local housing market data – you'll be glad you did. If you take a data-driven approach to craft a counter-offer, you may be better equipped than ever before to put together a counter-proposal that meets the needs of all parties involved in a property sale.
Analyze the prices of recently sold houses in your city or town that are similar to your own. Furthermore, find out how long these residences were available before they sold. With this housing market data in hand, you should have no trouble crafting a fair counter-proposal.
2. Consider the Buyer's Perspective
As you examine a buyer's initial offer to purchase, think about why this individual chose to submit the proposal. Try not to get emotional if you feel the offer is too low; instead, think about how you can work with a buyer to find common ground.
Oftentimes, it helps to maintain open communication with a buyer. If you put together an counter-proposal that accounts for the buyer's perspective and keep in touch with this individual, you and a buyer may be able to work together to come to a fair agreement.
3. Consult with a Real Estate Agent
If you are unsure about what to propose as part of a counter-offer, there is no need to stress. In fact, if you collaborate with a real estate agent, you can get the assistance you need to craft a counter-proposal that may lead to an instant "Yes" from a buyer.
Usually, a real estate agent will inform you about an offer to purchase your home and provide recommendations and suggestions as you craft a counter-proposal. He or she also will negotiate with a buyer's agent on your behalf. And if you ever have concerns or questions during the property selling journey, a real estate agent is happy to address them.
Allocate time and resources as you craft a counter-offer. If you consider the current state of the real estate market and the buyer's perspective, you could increase your chances of putting together a counter-proposal to close a deal on your home. Perhaps best of all, you can submit a counter-offer that allows both you and a buyer to achieve your respective goals faster than ever before.
Let's face it – a showing can be a stressful experience for a house seller. If a seller makes even a single mistake planning for a showing, a buyer may be turned off by his or her residence. And as a result, a seller's home may linger on the real estate market for many weeks or months.
Ultimately, each showing is a valuable learning opportunity for a house seller. If a seller fails to receive an offer to purchase after a showing, there is no need to worry. In fact, there are many things that a seller can do to upgrade his or her residence in the aftermath of an unsuccessful home showing, such as:
1. Bolster Your Home's Curb Appeal
Curb appeal is a key part of the home selling experience, and for good reason. If your house boasts amazing curb appeal, buyers may fall in love with your residence as soon as they see it. Thus, terrific curb appeal could help you speed up the house selling journey.
To upgrade your home's curb appeal, lawn care is crucial. You should mow the lawn, trim the hedges and do everything you can to keep your home's exterior looking neat and tidy.
Also, if you need expert help with curb appeal upgrades, lawn care and home improvement professionals are available. These professionals are happy to help a home seller – regardless of his or her residence's size or location – and will ensure you can enhance your house's curb appeal in no time at all.
2. Revamp Your Home's Interior
If your home's interior looks drab and outdated, now may be a good time for an upgrade. Fortunately, you don't have to be a professionally trained interior decorator to transform your house's interior from drab to fab.
Oftentimes, repainting the walls can make a world of difference inside a house. Using neutral colors may boost the likelihood that your house's interior will capture buyers' attention, too.
Don't forget to clean each room of your house. By doing so, you can maintain a pristine home interior that is sure to hit the mark with buyers.
3. Declutter Your Home
Personal items in your home should be put into storage for the time being. That way, you can help buyers envision what life could be like if they purchase your residence.
Furthermore, remove any items you no longer need from your house. In this instance, you can donate unwanted items to charity, give them to family members or friends or sell them.
As you get set to sell your house, you may want to hire a real estate agent. This housing market professional can offer home exterior and interior improvement tips, as well as help you prepare your residence for showings and open house events.
For those who are worried about home improvements, it is important to remember that there are lots of ways to upgrade a residence. Thanks to the aforementioned tips, you can quickly upgrade your house's appearance and move closer to achieving your desired home selling results.
If you intend to sell your home, you may want to host a yard sale. Thanks to a yard sale, you can eliminate clutter from your residence. Furthermore, a yard sale enables you to connect with your local community and inform community members about your plans to list your house.
Ultimately, there are many ways to ensure a yard sale is an instant success. These include:
1. Determine Exactly What You Want to Sell
You know you have a lot of items you want to remove from your house before you add it to the real estate market. As such, you should allocate time and resources to determine which items to keep and which items to sell.
If you have a variety of items you intend to keep, you may want to rent a storage unit. With a storage unit, you can keep your personal belongings safe until your residence sells.
Meanwhile, with items you want to sell at your yard sale, ensure they work properly and look great. You also may want to perform research to determine a fair price for these items based on their age and condition.
2. Pick a Good Date for Your Yard Sale
A Saturday or Sunday morning is the perfect time to kick off a yard sale. Select a date and time for your yard sale, and you can start counting the days until this event takes place.
Of course, as you consider yard sale dates, be sure to avoid scheduling your yard sale on a holiday. And remember, if you start your yard sale early in the day, you can give visitors plenty of time to check out your event.
3. Promote Your Yard Sale Properly
Create yard sale posters and set them up around your community. That way, you can promote your yard sale to a large group of community members in the days leading up to your event.
In addition, you may want to promote your yard sale online. Social networks make it easy to share information about your yard sale and may help you reach many people beyond your city or town.
As you get set to sell your home and host an upcoming yard sale, you may want to reach out to a real estate agent too. A real estate agent can help you get ready for the house selling journey and ensure you can achieve the optimal results.
A real estate agent is a home selling expert who is committed to client satisfaction. He or she will help you promote your residence to prospective buyers, analyze offers to purchase your home and much more. Plus, if you have any concerns as you navigate the home selling process, a real estate agent can respond to them.
Want to sell your home in the near future? Host a yard sale, and you can move one step closer to eliminating clutter from your home and adding your residence to the housing market.
Believe it or not, upgrading your residence's curb appeal won't necessarily force you to break your budget. Now, let's take a look at three cost-effective ways to improve your house's curb appeal.
1. Mow the Lawn
Tall grass and weeds are unlikely to do you any favors, particularly if you want to reap the benefits of a fast, profitable home sale. Fortunately, if you spend some time mowing the lawn and trimming the hedges, you may be able to boost your house's curb appeal.
It generally won't take long to perform lawn maintenance tasks. Then, once you complete these tasks for the first time, you can set up a schedule to complete them every week or every other week until your residence sells. That way, your lawn will continue to look great in the eyes of potential buyers.
2. Clear the Walkways
Dirt, dust and debris may make your home's exterior walkways look messy. Perhaps worst of all, these problems may drive prospective buyers away from your house.
On the other hand, neat, tidy walkways could help your residence stand out to potential buyers. If you devote time and resources to sweep and clean your house's exterior walkways, you can increase the likelihood that your residence will make a positive first impression on buyers.
3. Remove Decorations
Although plastic flamingoes, lawn gnomes and other home exterior decorations have helped you distinguish your house from others in your neighborhood, now may be a good time to put these decorations into storage. Because if you keep decorations on your lawn, it may be difficult for a buyer to envision what life may be like as the owner of your house.
Remember, your goal as a home seller is to make your residence as appealing as possible to prospective buyers. By removing home exterior decorations, you can show off your residence's full potential. As such, you can make it easy for buyers to fall in love with your residence as soon as they see it for the first time.
As you search for ways to upgrade your house's curb appeal without breaking your budget, you may want to consult with a real estate agent too. This housing market professional is happy to provide home selling recommendations and can help you transform your home's exterior from drab to fab.
Typically, a real estate agent will provide expert guidance at each stage of the house selling journey. He or she first will help you craft a home selling strategy and promote your residence to dozens of prospective buyers. Plus, once you receive an offer to purchase your home, a real estate agent can help you analyze this proposal. And if you accept an offer to purchase your house, a real estate agent will do whatever it takes to help you quickly finalize your home sale.
Ready to list your residence? Upgrade your house's curb appeal today, and you can move one step closer to achieving the best-possible results during the property selling journey.
For those who want to enjoy a fast, profitable and seamless home selling experience, there is no need to worry. In fact, there are many things that you can do to minimize the risk of a home selling fiasco, and these include:
1. Conduct a Home Inspection
A house inspection usually is completed after a seller accepts a buyer's offer to purchase a residence. At this time, a buyer typically requests an inspection to identify any underlying house issues. If a buyer is satisfied with the inspection results, he or she likely will proceed with a home purchase. Or, if a buyer encounters myriad home problems, this buyer may reconsider his or her offer to purchase a residence.
By conducting a home inspection before you list your house, you can immediately identify any underlying home problems. You then can work to correct various house problems and avoid the risk that such issues could potentially slow down or stop a home sale in the near future.
2. Perform Home Upgrades
When it comes to selling a house, it generally is a good idea to be proactive. And if you allocate time and resources to upgrade your house now, you may be better equipped than ever before to stir up lots of interest in your residence as soon as it becomes available.
To enhance your house's exterior, you should mow the front lawn, fix any cracked or damaged home siding and perform assorted home exterior repairs. By doing so, you can improve your house's curb appeal.
Furthermore, don't forget to devote attention to your house's interior. If you can clean every room of your home and eliminate clutter, you could boost the likelihood of a successful home selling experience.
3. Collaborate with a Real Estate Agent
Getting the best results – and avoiding potentially time-intensive and costly problems – is paramount for any home seller. If you collaborate with a real estate agent, you can get the help you need to quickly sell your house and maximize your earnings.
A real estate agent is happy to help you kick off a successful home selling journey. First, a real estate agent will meet with you and learn about your house and home selling goals. He or she next will help you craft a home selling strategy based on your residence and the current real estate market's conditions. Then, a real estate agent will promote your residence to buyers and host open house events and home showings. And once you receive an offer to purchase your residence, a real estate agent will help you review this proposal and make an informed decision.
Let's not forget about a real estate agent's industry expertise, either. If you ever have questions during the home selling journey, a real estate agent will instantly address these queries.
Reduce the risk of encountering problems when you sell your house – consult with a real estate agent today, and you'll be able to receive comprehensive assistance at each stage of the home selling journey.