Becky Dalke and Associates' Blog
5 Hilltop St, Grafton, MA 01536
The local real estate market has been very competitive this summer. Many homes have been selling within the first few days of being on the market and Seller’s have had multiple offers to choose from! This can be frustrating for Buyer’s looking to obtain their dream home. As always, the best solution is to have a solid strategy to compete in this hot selling market.
Proper Preparation Prevents Pain! Things move very quickly when offers are coming in, it is best to spend time crafting the best offer than scrambling for all your supporting documents. Make sure you have at the ready the following items:
Checkbook and Initial Deposit: You will need to submit a deposit of typically $1,000 with your offer
A “Love Letter” This is a letter from you to the seller introducing yourself and what you are looking for in a home. You can quickly personalize this letter to fit with what you love about the home you are putting the offer on, this can help to put a face to all the formalities of the sale process.
Pre-Approval Letter: Make sure a qualified bank or Mortgage Company has already pre-approved you for a loan that will cover the cost of the home.
Flexibility: Sometimes the winning bid goes to the person who can move quickly or can meet the sellers preferred closing date.
Down Payment: The more the better. Sometimes a seller will not go with the highest offer but with the most financially sound offer insuring that the buyer will make it to the closing table.
Home Inspection VS “As-Is”: This can always be a little tricky but can be very powerful if worked correctly. A savvy buyer’s agent would rarely advise against dropping the Home Inspection Contingency, however there are several ways to make one look more attractive to the Seller. For example consider purchasing the home “As-Is” with a home inspection for informational purposes only; or you will conduct a home inspection AND if a major or structural problem is detected you can consider not moving forward, however you understand that you are buying the home in its current condition. Many items found in a home inspection can be easily fixed and although they may require extra money from you to fix, you may have to make this concession in order obtain a “hot” property.
Ultimately the best tool in your home buying kit is a Professional Buyer’s Agent, their experience can help to navigate even the toughest negotiations. If you are looking to jump into the home buying process contact me today so we can start to strategize the best approach in obtaining your dream home!
Yesterday was Marathon Monday, and I got to thinking about all the runners as they embarked on 26.2 miles. The race ahead of them had, I am sure, highs and lows, struggles and triumph. But keeping their eye on the finish line took determination, motivation and sustainability. I began to realize that the home selling process is much like a marathon. The process from start to finish has a lot of ups and downs and pitfalls but like with a marathon, determination and having the right support team behind you can insure that you make it to the closing table with ease. Here are a few must dos when considering selling your home:
Get in Shape: Buyers can be very savvy and you always want to put your best foot forward. If your home has some deferred maintenance now is the time to address those “honey-do” lists. Give yourself plenty of time like 6-8 weeks to get things done. This does not mean you have to renovate but everything in your home should sparkle and be in good working order
Time to Shed a Few Pounds: Look around your home and declutter, donate, and store. A home clear of clutter and extra furniture allows buyers to see all that your home has to offer and will not be distracted by anything else.
Interview Coaches: All marathon runners need a good support network and a trainer, home sellers should have the best real estate team behind them as well, willing to work for you to advise and sell your home. A Realtor can offer the best advice with respect to proper pricing, marketing and staging.
Know Your Competition: There is a lot that goes into selling a home within your area. Make sure you have done your research with respect to your local market. What is true in the big city may or may not be applicable to what is trending in your backyard. Make sure you understand what similar homes have sold for, which other active listings you will be compared to by buyers, current interest rates, and financial forecasts.
Be Flexible: Once you list your home there will be times when you can hold your ground. However, more often than not, being flexible will net you the greatest amount of money in a shorter time. There are many steps to selling a home, so there will be give and take between you and the prospective buyer. Simply remember your goal is to sell, at the best price, with the least pitfalls and to walk away satisfied at the accomplishment.
Hire a Top Notch Coach to Win the Race: Just like hiring the best coach, you will want to hire the best Realtor to ensure your success. A full-time professional Realtor can make the entire process seamless. No matter how many hurdles you need to jump along the way, your Realtor should have great solutions to minimize pitfalls. Your Realtor should have a proven track record of success, just as any good coach would. They should be a able to provide you a list of hundreds of other ecstatic buyers and sellers whom they successfully got to the finish line.
Here at Becky Dalke & Associates we are currently coaching a number of enthusiastic buyers and sellers. We have a few more openings for those who are ready to make a commitment to their success. We hope to hear from you soon!
This Single-Family in Grafton, MA recently sold for $372,000.
This is a Split Entry style home and features 5 total rooms, 2 full baths, 3 bedrooms, 0.51 acres, and was sold by
Becky Dalke - KELLER WILLIAMS REALTY
This Single-Family in Grafton, MA recently sold for $582,500.
This is a Colonial style home and features 9 total rooms, 3 full baths, 1 half bath, 4 bedrooms, 0.34 acres, and was sold by
Becky Dalke - KELLER WILLIAMS REALTY