Harold (Buddy) Pope's Blog
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.
If you're preparing to buy or sell a home, why should you be forced to work with a real estate agent who won't listen to your concerns and questions? Instead, hire a real estate agent who is a great listener, and you can receive consistent support throughout the homebuying or home selling journey.
There are many signs that a real estate agent is an outstanding listener, such as:
1. Your real estate agent responds to your concerns and questions as quickly as possible.
Let's face it – buying or selling a house can be stressful. Fortunately, a real estate agent who is an active listener will do what it takes to help clients alleviate stress time and time again.
An active listener will learn what it's like to walk in another person's shoes. Meanwhile, a real estate agent who actively listens to a homebuyer or home seller will be ready to respond to urgent client requests without delay.
Furthermore, it is important to employ a real estate agent who boasts comprehensive homebuying or home selling experience. With this housing market professional at your disposal, you can get expert responses to your concerns and questions. Then, you'll be better equipped than ever before to make informed homebuying or home selling decisions.
2. Your real estate agent follows up with you regularly.
A real estate agent who understands the value of active listening will follow up with clients regularly. By doing so, this housing market professional can limit the risk of miscommunication and mistakes along the homebuying or home selling process.
In addition, a real estate agent who provides constant updates will take the guesswork out of buying or selling a home. He or she will make it simple for you to streamline the homebuying or home selling process. And as such, this real estate agent will reduce the chance that you'll encounter potential homebuying or home selling roadblocks that otherwise could prevent you from achieving your desired results.
3. Your real estate agent asks questions and requests feedback.
When it comes to choosing a real estate agent, it is vital to select one who asks questions and requests feedback. In fact, this housing market professional may prove to be an amazing listener who will go above and beyond the call of duty to support you in any way possible.
Ultimately, a real estate agent who asks questions wants to learn about a client's homebuying or home selling needs. He or she wants clients to succeed and will dedicate the necessary time and resources to help each client buy or sell a home.
On the other hand, a real estate agent who requests feedback is always searching for ways to improve, and this commitment to excellence usually separates an ordinary real estate agent from an exceptional one.
Kick off the homebuying or home selling process by hiring a real estate agent who knows how to listen to his or her clients. That way, you can increase the likelihood of a successful homebuying or home selling journey.
Have you been wondering lately about why you are always broke? You will need to ask yourself a lot of important questions to know exactly what you are doing wrong. These are the questions that will help you point out the primary reasons for your financial woes.
Going by data made available by the World Bank, a considerable number of workers can hardly survive through the month and also there is an increasing gap between the rich and the poor. At this point, you need to take measures so that you do not join the league of people who never have savings. Here are some reasons you could be facing financial issues:
The mistake people make is that they base their spending plans on their gross income instead of their net income. The outcome is spending more than your earrings. In order to avoid being broke due to this situation, it is advisable to adjust your lifestyle according to your disposable income.
Medical expense is one of the reasons why many people go broke. Do you pay your medical bills from your pocket or you have medical insurance? It has been discovered a lot of people go bankrupt as a result of substantial medical bills. The best way to minimize your medical expenses is by choosing the appropriate insurance coverage.
When you spend more than your income, there is a high tendency of going broke. You should try and minimize some lifestyles that attract lots of spending. Examples of such lifestyle are driving posh cars, going on frequent holidays, dressing in designer clothes and many more. Such an expensive lifestyle can make salary earners go broke if they don't take care.
Many young adults spend nearly half of their income on housing. To avoid massive spending on housing, you should look for affordable housing that should not be more than 20% of your income. Staying in the city outskirt, getting a roommate, or renting a room that is smaller will help you save on housing.
Lack of Saving
Many people go broke today because of lack of money. A good practice that all workers should cultivate is saving for a rainy day. When you don't save money, you are likely to incur enormous debt when there is an emergency. Saving can put an end to debt and brokenness. You should know that nothing is too small to save.
An open house can have a significant impact on the property selling journey. As such, it is important for a property seller to allocate time and resources to prepare for an open house. If a seller plans for an open house, he or she may be able to boost the likelihood of a fast, profitable property selling experience.
Now, let's take a look at three things that every seller needs to know about open houses.
1. There is no shortage of open houses held on weekends in cities and towns nationwide.
Many open house events are held throughout the year in cities and towns across the country. These events commonly take place on weekends and enable sellers to showcase their residences to dozens of prospective buyers at the same time.
Ultimately, it is important to find ways to differentiate a home from the competition. If a seller can promote his or her residence to the right groups of potential buyers, this individual may be able to convince buyers to attend one open house over another.
2. An open house gives a seller a great opportunity to make a positive first impression on buyers.
As a seller, it is paramount to embrace the opportunity to connect with buyers. An open house allows a seller to do just that, as it ensures this individual can provide buyers with a stress-free opportunity to view his or her residence.
When it comes to getting ready for an open house, it generally is a good idea to clean both inside and out. Also, a seller should perform home repairs and remove home clutter. Because with a neat, tidy residence, a seller can make it easy for buyers to envision what life may be like if they decide to purchase a particular residence.
3. Every open house provides a seller with a valuable learning experience.
Regardless of how much a seller prepares for an open house, there is no telling how this event will turn out. However, a seller who sets realistic expectations for an open house can plan accordingly.
In the worst-case scenario, no buyers will attend an open house. If this happens, there is no need to worry. In fact, a seller can learn from the experience and use it to find new ways to promote his or her residence to prospective buyers going forward.
For those who need help selling a home, it may be beneficial to hire a real estate agent. In addition to helping you get your residence ready for an open house, a real estate agent will offer tips and guidance so you can achieve the optimal property selling results. Perhaps best of all, if you ever have concerns or questions during the home selling journey, a real estate agent is ready to address them at any time.
Streamline the home selling process – hire a real estate agent today, and you can receive comprehensive assistance as you navigate each stage of the property selling journey.