What Results Should Sellers Expect From an Instant Offer?

You might be hearing a lot of buzz about instant offers right now, but is this approach to selling worth it? Let’s discuss a few key points.

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation

Have you heard about the concept of an “instant offer?” If not, allow me to explain. The term “instant offer” refers to a scenario in which a company buys a seller’s home outright so that the seller can avoid the listing process.

These days, instant offers are becoming much more mainstream. But is this approach to selling worth it?

In an instant offer scenario, the company purchasing the home will close as quickly or slowly as the seller wants, and also help them transition into their next home. This sounds incredible, right?

After all, who wants to go through all the hard work of preparing a home, finding an agent, arranging showings, hosting open houses, haggling with negotiations, and everything else that goes into a traditional listing process?

While instant offers may be less of a hassle, they won’t earn you top dollar.

However, as convenient as an instant offer may seem, it’s important to consider the more subtle aspects to this approach—because while instant offers may be less of a hassle, they won’t earn you top dollar. These companies are not in the business of holding real estate.

They want to buy your property for much less than it’s potentially worth in order to sell it for a profit later, all while making the seller feel as if they’re being done a huge favor.

By all means, pursue an instant offer sale if this arrangement fits well with your goals—but do your research. Find out what fees they’re charging and what price you might earn, and then speak to an experienced agent about the results you might see from a traditional listing process. You may find that the work involved with a conventional selling experience is worth it, after all.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Buyers and Sellers: Don’t Get Caught up in the Past

If you can’t let go of the past, your real estate goals will suffer. Buyers and sellers alike must be able to change with the market.

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation

It isn’t always easy to let go of the past.

We’ve been experiencing a strong seller’s market for almost seven years now. As a facet of this, home prices have been aggressively appreciating all the while.

The best advice I can give anyone who is thinking of buying or selling is to let go of the past.

However, our market is shifting gears. Homes are taking longer to sell and appreciation has slowed down. And, beyond that, inventory and rates are both on the rise.

The best advice I can give anyone who is thinking of buying or selling is to let go of the past. It’s important to base your goals and expectations on what’s happening right now, instead of what was going on a month ago.

Buyers and sellers who don’t move with the market are setting themselves up for failure. Sellers, in particular, should remember that less is more. Pricing your property slightly below where you may have in the recent past could help you sell sooner and for more money than you would earn by overpricing.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Why Our Team Takes an Honest Approach to Your Transaction

Being realistic about market conditions when planning a real estate transaction is key, even if it sometimes means changing your expectations and goals.

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation

You’ve probably heard the saying “The customer is always right,” but is this saying true in real estate? Are buyers and sellers always “right?”

Oftentimes when I speak to buyers or sellers, it becomes apparent that they’re operating within an assumption of how their transaction “should” go, instead of basing their strategy on how the deal is actually playing out.

Especially with our market beginning to shift, it’s important that buyers and sellers do away with this mindset. People give too much thought to what they see on social media or in articles online. My team and I deal with many different clients on a daily basis, so our perspective is one you can trust.

I want my clients to not only win in the market, but to also understand what’s going on.

We are always honest with our clients, even it if means not always being on the same page. Our goal is to be realistic and to help our clients become successful in their real estate goals as a result.

If you’re working with a Realtor who only ever tells you “yes,” this is a major red flag. If a seller comes to us and wants to sell for $900,000 but market conditions don’t support that figure, I will guide them toward a more feasible price.

Of course I want my clients to earn the best deal possible; however, unlike certain sycophantic agents, I know that succeeding in this market will require a more pragmatic approach. I want my clients to not only win in the market, but to also understand what’s going on.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Knowledge Is Power: The Key to Overcoming Market Paralysis

Many people looking to enter the market have been paralyzed by indecision. However, there is a cure for that condition.

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation

In my discussion of the market today, I want to reinforce the old adage “knowledge is power.”

When I say that phrase, what do I mean? Well, if you’ve been following my videos, you’ll know that I’ve brought up market shifts a number of times. With our own clients, we’ve noticed that with all the things going on in the market, there is an uncertainty about the future of the market that is causing a sort of paralysis. Is the market going up or down? Is it stabilizing? Is it a bad time to buy or sell? A lot of people have just stopped dead in their tracks and are wondering what they should do.

Knowledge is the key to curing that paralysis.

Interest rates and home prices have gone up, homes are taking longer to sell, and the demand for property is dropping. So what can you do to keep yourself from being paralyzed in the market? Here are some tips:

Knowledge is the key to curing market paralysis.

1. Stay educated. Work with a local professional who will help you understand what’s going on in your micro market. Every single market is different from the next, and the same is true of individual price points and clients. Just because it’s a great time to buy or sell for one person doesn’t necessarily mean that it’s a great time to buy or sell for someone else.

2. Work with a knowledgeable agent. Now more than ever, it’s critical to work with a real estate agent who understands the area and the market you’re looking to buy in.

3. Talk to a great lender. Your agent should also know where to find a great lender who will help you understand what you qualify for, whether you’re a first-time homebuyer or a move-up buyer.

When you’re uncertain about a decision, you’re probably always going to say no to it. That’s why learning more about why you’re looking to make a move or why you’re looking to buy a home is going to help you gain the knowledge and power to make the best decisions for you and your family.

If you have any questions, don’t hesitate to reach out to me. I’d be glad to help you.