Katie Fisher Team's Blog
As a home seller, it is essential to do everything possible to promote your house to the right groups of property buyers. However, as you approach the finish line of a home sale, you may encounter a "persistent" homebuyer. And if this happens, the home selling process may come to a screeching halt.
A persistent homebuyer may be more likely than others to demand home improvements or a price reduction to finalize a house sale. As a result, you may need to decide whether to accommodate this homebuyer's requests, continue to negotiate with him or her or walk away from a potential home sale altogether.
So what does it take to deal with a persistent homebuyer? Here are three tips to help you do just that.
1. Understand the Housing Market
Are a homebuyer's requests valid? If so, they are likely to be based on housing market data. Therefore, if you analyze the housing market closely, you can better understand a persistent homebuyer's demands and proceed accordingly.
Take a look at the prices of comparable houses in your city or town. By doing so, you can determine how your house's price rates against the competition.
Also, don't forget to assess the prices of recently sold homes in your area. This housing market data will help you understand the demand for houses in your city or town and determine whether you're operating in a seller's or buyer's market.
2. Stand Your Ground
A persistent homebuyer may be in a hurry to purchase your house. As such, he or she may push you to make rash decisions that may not be in your best interest.
For home sellers, it is important to take a step back and evaluate all aspects of any home selling decisions. And if you feel uncomfortable with a homebuyer's requests, you should feel comfortable walking away from a possible home sale.
Ultimately, declining a homebuyer's requests and walking away from a home sale is far from ideal. On the other hand, doing so will allow you to reenter the housing market and restart the home selling journey with a fresh perspective.
3. Consult with a Real Estate Agent
If you're unsure about how to deal with a persistent homebuyer, you're probably not alone. Lucky for you, real estate agents are available nationwide to help you handle tough negotiations with any homebuyer, at any time.
A real estate agent understands the art of negotiation and can share his or her housing market expertise with you. That way, you can get the support you need to make informed decisions at each stage of the home selling journey.
Perhaps best of all, a real estate agent will respond to your home selling queries as the property selling journey progresses. No question is too big or too small for a real estate agent, and this housing market professional is happy to answer your home selling questions time and time again.
Take the guesswork out of dealing with a persistent homebuyer – use these tips, and you can boost your chances of getting the best results from the home selling journey.
Pursuing a house can be difficult, regardless of the current housing market's conditions. Thankfully, homebuyers who plan ahead may be better equipped than others to enjoy a quick, seamless and successful homebuying experience.
Ultimately, there are many reasons to prepare for buying a house, and these include:
1. You can determine where you want to live.
A homebuyer who knows where he or she wants to live can tailor a home search accordingly. As a result, this buyer can speed up the process of acquiring his or her dream residence.
When it comes to planning ahead to buy a home, it generally helps to know where you want to go. If you make a checklist of home must-haves and wants, you may be able to hone your home search to specific cities and towns. Then, you can pursue residences in these areas and find your dream house faster than ever before.
2. You can enter the housing market with a budget in hand.
You know that you want to buy a house, but you still have no idea how you will pay for a residence. Fortunately, if you plan ahead for the homebuying journey, you can get your finances in order and enter the real estate market with a budget at your disposal.
Generally, it is a good idea to get pre-approved for a mortgage prior to pursuing a residence. A mortgage provides you with a set limit that you can spend on a house. Thus, a mortgage can help you minimize the risk that you'll spend beyond your means to acquire your dream residence.
Obtaining a mortgage can be quick and easy too. Meet with banks and credit unions, and these financial institutions can teach you about a broad array of mortgage options. Next, you can choose a mortgage and kick off your home search.
3. You can find an expert real estate agent to help you along the homebuying journey.
If you plan to enter the housing market, you may want to hire an expert real estate agent sooner rather than later. With an expert real estate agent at your side, you can streamline the homebuying cycle.
A real estate agent knows exactly what it takes to purchase a superb residence at a price that fits your budget. He or she first will learn about your homebuying goals and provide insights into the local housing market. This housing market professional then can customize a home search to ensure that you can achieve your desired results.
Let's not forget about the comprehensive support that a real estate agent delivers throughout the homebuying journey, either. A real estate agent will set up home showings and offer homebuying recommendations at each stage of the homebuying journey. And if you discover your ideal residence, a real estate agent will help you put together a competitive offer.
There are many great reasons to plan ahead for the homebuying journey. And if you start planning today, you may be able to enjoy a stress-free homebuying experience.
The homebuying journey may be long and arduous, regardless of whether you're pursuing a house for the first time. However, if you bring your A-game to the homebuying journey, you can speed up the process of finding and acquiring your dream residence.
Now, let's take a look at three tips to help you bring your A-game to the homebuying journey.
1. Establish Homebuying Criteria
There is no need to waste time and resources as you search for your ideal residence. Thankfully, with homebuying criteria in hand, you can streamline your home search.
Consider the cities and towns where you may want to reside. Then, you can narrow your house search to a select group of cities and towns.
Also, think about the features you want in your dream house. If you want to own a residence that offers a beautiful outdoor swimming pool, for example, you can hone your house search accordingly. Or, if you require a home that provides multiple spacious bedrooms, you can pursue houses that match your criteria.
2. Get Pre-Approved for a Mortgage
Pre-approval for a mortgage is paramount, particularly for homebuyers who want to know exactly how much they can spend on a residence. If you meet with banks and credit unions, you can get pre-approved for a mortgage in no time at all.
Of course, when you meet with banks and credit unions, don't hesitate to ask home financing questions. Banks and credit unions employ knowledgeable home financing professionals who can teach you about the differences between fixed- and adjustable-rate mortgages and much more. As such, these professionals can help you make an informed mortgage selection.
You should consult with a variety of banks and credit unions, too. That way, you can learn about all of the mortgage options at your disposal and choose a mortgage that suits you perfectly.
3. Work with a Real Estate Agent
Ultimately, there is no reason to work alone when you search for your ideal home. But if you hire a real estate agent, you can receive expert guidance as you navigate the homebuying journey.
A real estate agent knows the ins and outs of the housing market and is happy to share his or her homebuying insights with you. Plus, a real estate agent will craft a plan to help you quickly discover your dream home. And if you are concerned about acquiring a house at the lowest-possible price, a real estate agent is ready to negotiate with a home seller on your behalf as well.
Furthermore, a real estate agent can guide you through the home closing cycle. He or she will help you finalize your home purchase and ensure you can relocate to a new house without delay.
Bringing your A-game to the homebuying journey can make a world of difference in any housing market. By using the aforementioned tips, you can simplify your home search and accelerate the process of acquiring your dream residence.
Want to acquire the perfect home at the perfect price? You're not alone. As such, you'll likely need to allocate significant time and resources to your home search if you hope to transform your dream into a reality.
Lucky for you, we're here to help you navigate the real estate market so you can move closer to purchasing a top-notch house at a budget-friendly price.
Now, let's take a look at three tips so you can buy your ideal home at a price that matches or exceeds your expectations.
1. Establish Realistic Homebuying Goals
Although you may have lofty dreams of purchasing a deluxe house quickly, it may take some time to find a house that fulfills your needs.
Setting realistic expectations for a home search is ideal for property buyers. With realistic goals, you may be able to avoid disappointments and frustrations along the homebuying journey.
Evaluating the current real estate market often offers a great way to help you map out your homebuying plans. This will enable you to examine the prices of assorted homes, determine which houses you like and define a price range for your ideal house.
Also, it never hurts to look at the prices of recently sold houses, either. This will allow you to see how quickly residences are selling and determine whether you're about to enter a buyer's or seller's market.
2. Get Pre-Approved for a Mortgage
You know that you want to own a house, but how do you intend to pay for it? Ultimately, you may want to get pre-approved for a mortgage – something that can help you accelerate your journey from homebuyer to homeowner.
Meet with banks and credit unions to learn about all of the mortgage options that are available. Then, you can choose a mortgage that will help you avoid the temptation to overspend to acquire your ideal home.
When you consult with banks and credit unions, be sure to ask plenty of mortgage questions as well. That way, you can learn about the ins and outs of various mortgage options and select a mortgage that suits you perfectly.
3. Collaborate with a Real Estate Agent
A real estate agent is a housing market expert who is happy to help you make your homeownership dreams come true.
Typically, a real estate agent will set up home showings, keep you informed about new residences as they become available and offer honest, unbiased homebuying recommendations. He or she will even negotiate with property sellers on your behalf, ensuring you can get the best price on any home, in any real estate market.
With a real estate agent at your side, you can receive expert guidance throughout the homebuying journey. In addition, a real estate agent will respond to your homebuying concerns and questions, guaranteeing you can make informed decisions time and time again.
Ready to acquire your dream home at your dream price? Use these tips, and you should have no trouble purchasing a terrific house without breaking your budget.