RE/MAX Executive Realty



Posted by RE/MAX Executive Realty on 11/8/2020

What happens after a home seller rejects your offer to buy his or her home? Ultimately, there are many questions to consider in this scenario, including:

1. Why did the home seller reject my offer?

A home seller may reject an offer for a number of reasons. And if you work with a real estate agent, you may be able to gain insights into a home seller's decision.

Typically, your real estate agent will submit an offer to a home seller on your behalf. This real estate professional also may work directly with a home seller's real estate agent. As a result, your real estate agent may be able to find out why a home seller rejected your proposal.

2. Is there anything else I could've done?

Were you an informed homebuyer? If so, you've probably done everything you could to submit a proposal that would meet or exceed a home seller's expectations.

In most instances, an informed homebuyer will go above and beyond the call of duty to submit a competitive offer from the get-go. He or she will understand the ins and outs of the housing market and prepare an offer accordingly.

Furthermore, an informed homebuyer will learn about the condition of a home and the prices of comparable residences in the same city or town. By doing so, he or she will be able to differentiate a seller's market from a buyer's one.

An informed homebuyer also will do everything possible to avoid a "lowball" proposal.

If a homebuyer submits a lowball offer, a home seller is likely to dismiss his or her offer immediately. In addition, this homebuyer risks missing out on the opportunity to purchase a great home.

3. What should I do next?

After a home seller rejects your proposal, you can submit a new offer to the home seller. Or, you can always continue to browse the housing market. Regardless of which option you select, it is important to stay optimistic.

Remember, there are plenty of fish in the sea. Much in the same vein, you're sure to find a terrific house that satisfies your lifestyle and budget needs if you continue your home search.

When it comes to discovering the right home at the right price, hiring an experienced real estate agent is paramount.

An experienced real estate agent will work with you throughout the homebuying process. He or she will learn about your homebuying needs and budget and ensure you can check out a broad array of high-quality residences.

Moreover, an experienced real estate agent will take the guesswork out of buying a home. This real estate professional will keep you up to date about new houses as soon as they become available, set up home showings and much more. That way, you can accelerate the process of going from homebuyer to homeowner.

Employ an experienced real estate agent to help you with your home search you'll be thrilled you did. An experienced real estate agent will make it simple for you to find a stellar residence that you can enjoy for years to come.




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Posted by RE/MAX Executive Realty on 10/25/2020

If you intend to purchase a great house at a budget-friendly price, you should craft a homebuying timeline. That way, you can decide the best ways to achieve your homebuying goals.

Ultimately, creating a homebuying timeline can be simple here are three tips to ensure you can develop a successful homebuying timeline.

1. Know When You Want to Move

For those who want to buy a house, it helps to consider your current living situation. By doing so, you can determine the necessary steps to relocate from your current address and acquire your dream residence.

If you presently own a house, you may need to sell it before you purchase a new home. Or, if you currently rent, you may need to give your landlord sufficient notice prior to your relocation. But if you consider the aforementioned factors closely, you can set a deadline for your move.

With a deadline in place, you can start your dream home pursuit. And once you find this residence, you can submit an offer and proceed with a home purchase.

2. Get Your Finances in Order

If you want to develop a successful homebuying timeline, it generally is a good idea to consider your financial situation as well. Because if you lack the necessary home financing, you are unlikely to be able to acquire a wonderful house any time soon.

As you develop your homebuying timeline, you may want to meet with banks and credit unions. These financial institutions can teach you about a wide range of mortgage options and help you get the financing that you need to buy your dream house.

Furthermore, you should check your credit score when you craft your homebuying timeline. If your credit score is low, you may need to improve it prior to buying a house. Thankfully, you can account for this factor as you map out your homebuying strategy and plan accordingly.

3. Collaborate with a Real Estate Agent

Developing a homebuying timeline may prove to be challenging. Luckily, real estate agents are available who can help you take the guesswork out of purchasing a house.

A real estate agent can teach you the ins and outs of buying a home. As a result, this housing market professional will enable you to enjoy a quick, seamless homebuying experience.

Perhaps best of all, a real estate agent can make it easy to acquire a terrific house on your timeline. This means if you want to purchase a top-notch house as quickly as possible, a real estate agent will do everything possible to make your homeownership dream come true. Comparatively, if you want to take a slow, gradual approach to buying a house, a real estate agent is ready to respond to your homebuying needs.

When it comes to buying a house, it helps to have a timeline in place prior to starting a house search. Fortunately, if you use the aforementioned tips, you can streamline the process of establishing a successful homebuying timeline.




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Posted by RE/MAX Executive Realty on 10/18/2020

Enjoying a seamless home buying journey may seem virtually impossible, particularly for a first-time property buyer. Fortunately, there are lots of things you can do to boost the likelihood of quickly and easily finding your dream house, such as:

1. Hone Your Home Search

Consider where you want to reside and the features you want to find in your ideal residence. That way, you can hone your house search accordingly.

As you review potential home destinations, consider your short- and long-term goals. For instance, if you want to work in a big city, you may want to search for houses in or near a city that matches your expectations. Or, if you intend to start a family soon, you may want to pursue homes near parks and other family-friendly attractions.

Furthermore, make a list of home features you want to discover in your dream house. With this list in hand, you can focus on finding a home that you can enjoy for years to come.

2. Get Pre-Approved for a Mortgage

A mortgage usually is a must-have for a homebuyer. If you enter the real estate market with a mortgage in hand, you could speed up your house search.

Meet with a variety of banks and credit unions. This will allow you to learn about myriad mortgage options.

In addition, don't hesitate to ask mortgage questions. A mortgage sometimes is confusing, and as such, it helps to get plenty of information about a mortgage before you start a house search. If you consult with mortgage specialists at banks and credit unions, you can gain the insights you need to make an informed mortgage selection.

3. Establish Realistic Expectations

Although you likely want to find your dream residence as quickly as possible, it is important to remember that the home buying journey often has ebbs and flows. If you establish realistic home buying expectations, you can avoid potential disappointments as you search for your ideal residence.

Sometimes, it helps to consider the worst-case home buying scenarios. If you plan ahead for these situations, you can determine the steps you will need to take to avoid them altogether.

You may want to collaborate with family members and friends during your home search as well. With loved ones at your side, you can receive plenty of support and guidance as you conduct a home search. Plus, your loved ones can help you keep things in perspective, even if the home buying journey becomes stressful.

When it comes to finding and buying a home, you may want to employ a real estate agent, too. A real estate agent understands the ins and outs of the home buying journey. They will learn about you and your home buying goals, and help you plan properly. Thus, a real estate agent can provide you with the support you need to enjoy a seamless home buying journey.

Ready to conduct a successful home search? Take advantage of the aforementioned tips, and you can navigate the home buying journey like a pro and quickly discover your dream home.




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Posted by RE/MAX Executive Realty on 10/11/2020

A seamless home search may be a dream come true for property buyers. Yet for those who want to accelerate the homebuying journey, problems sometimes may arise that make it tough to streamline a home search. Fortunately, there are many things you can do to speed up a home search and find your dream house without delay.

Now, let's take a look at three tips to help you expedite the homebuying journey.

1. Establish Realistic Homebuying Expectations

You know you want to buy a house, but you still have no idea what you want to find in a dream home. If you establish realistic homebuying expectations, however, you could simplify your house search.

Think about what you want in your dream house, as well as where you want to reside. Then, you can search for houses that have the features you want and are located in your preferred cities and towns.

2. Get Pre-Approved for a Mortgage

A mortgage generally is a must-have for a homebuyer. If you enter the real estate market with a mortgage at your disposal, you'll know exactly how much you can spend to acquire your dream residence. As a result, you can search for homes that fall in line with your budget.

To get pre-approved for a mortgage, you should meet with a variety of banks and credit unions. These financial institutions can teach you everything you need to know about different types of mortgages and help you find the right mortgage based on your individual needs.

Of course, as you search for the right mortgage, don't hesitate to ask questions. Banks and credit unions employ courteous, knowledgeable mortgage specialists, all of whom are happy to assist you in any way possible.

3. Collaborate with a Real Estate Agent

A real estate agent goes above and beyond the call of duty to support a homebuyer. He or she understands the ins and outs of buying a home, and as such, will do what it takes to help you discover a great house at an affordable price.

Typically, a real estate agent will meet with you and learn about your homebuying goals. He or she next will craft a homebuying strategy for you and put this plan into action. A real estate agent then will help you conduct an in-depth house search. And once you find a home you want to buy, a real estate agent will help you put together a competitive offer to purchase this residence.

A real estate agent also works diligently to help you achieve the best-possible results at each stage of the property buying journey. He or she is ready to respond to your homebuying concerns and queries and ensure you can make informed decisions throughout your quest for your dream house.

Want to expedite your home search? Take advantage of the aforementioned tips, and you can quickly and effortlessly find a home that suits you perfectly.




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Posted by RE/MAX Executive Realty on 10/4/2020

Image by Muntzir Mehdi from Pixabay

A seller's market poses a challenge for any buyer - when there are more buyers competing for homes than there are homes in market, you have to be ready to move swiftly when you find a home you like. Since the inventory of luxury homes is usually small when compared with more conventional homes on the market, a seller's market could make it more difficult to get the home you want, even if your financial details are in order and you're ready to buy. 

What is a Seller's Market? 

A seller's market simply means that there are more people who want to buy a home than there are homes for sale. When this happens, homes can move very swiftly -- some will sell within days of listing -- and buyers need to be able to offer appealing contracts to secure a home. While the luxury market often contains a smaller inventory, there are also fewer buyers competing for homes, but the market can still favor sellers. 

Tips for Buying a Luxury Home in a Seller's Market

Visit in Person: Your real estate agent can help narrow down the possibilities and you can even send someone ahead to take a first look for you -- but you should view the home sooner rather than later if you want to see it in person before you buy. Luxury homes in high end vacation destinations can go very quickly in a sellers market, so you may not have the amount of time you are used to for viewing the property. 

Streamline the Process: Work with your luxury real estate agent to prepare a compelling offer that is free of contingencies, or as free as it can be. The fewer conditions you have and the easier you are to deal with, the more likely it is the seller will accept your offer. Offer a swift and easy closing, request no contingencies and be ready to go swiftly when you find the home you want.  

Have Financing in Place: If you need a mortgage, you should have your details worked out and ready to go. A seller with an advantage will be reviewing multiple offers and yours should indicate there will be no delays in closing. If you are a cash buyer, the funds should be available in time for closing; make preparations early and assume you will need to close within a month. 

Be Prepared to Pay Full Price: The most common impact of a seller's market is that homes sell for the asking price -- or even more than the list price. Your agent can help you determine if a full price offer is right, or if you should even consider offering above the selling price. This is most likely in a hot market where homes are selling as soon as they list. If the home is still available after a week on the market, a full price offer may not be needed, if everything else is in order. 

Make the most of the process by working with a skilled agent who is familiar with the complexities and demands of the luxury market. They will be more adept at helping you find and secure the property you want than a conventional agent. When you do find a home you like, be ready to act quickly so it does not get away; these steps will help ensure you don't miss out on a property you love. 




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