Cheryl Fleming, GRI, ABR's Blog
What should you expect after you make an offer on a residence? There are several steps that will take place between the time you submit an offer on a house to the date you finalize a purchase agreement, including:
1. Acceptance or Rejection of Your Initial Proposal
A home seller will have a short period of time to accept or reject your initial offer.
If a home seller accepts your proposal, you'll be able to move forward in the homebuying process. Conversely, if he or she rejects your offer, you may be forced to restart your home search.
On the other hand, a home seller may counter your offer as well. In this scenario, you likely will be given a set amount of time to accept or reject the counter-proposal. Or, you may be able to further negotiate with a home seller in the hopes of finding common ground.
The time between when you submit an offer on a home and receive a home seller's response to your proposal can be stressful. Fortunately, working with an experienced real estate agent ensures that you'll be able to stay up to date. This real estate professional will even help you put together a competitive offer on any home, ensuring that you can boost your chances of getting an instant "Yes" from a home seller.
2. Completion of a Home Inspection
Although a home seller has accepted your initial proposal, you'll still want to conduct a thorough home inspection to identify any major property issues.
For example, if a house has a faulty roof or defective hot water heater, an expert home inspector will be able to uncover such problems immediately. That way, you can learn about issues that may impact the long-term value of a home as part of an inspection.
If you find out about major issues with a home during a property inspection, you can rescind your initial offer and walk away from a house. Comparatively, if you still want to buy a home in spite of problems that were discover during an inspection, you can ask the home seller to complete home repairs or upgrades. You also may want to consider asking for a price reduction if major home repairs or upgrades are needed.
Ultimately, a home inspection will help you make an informed homebuying decision. After a home inspection, the ball is in your court, and you can choose to move forward with the purchase of a home, revise your initial offer or remove your proposal altogether.
3. Relocation to Your New Address
The final step of the home selling process involves closing on a home and relocating to your new address. At this point, all you'll need to do is pack up your belongings from your current location and move them to your new home.
Purchasing a home may seem impossible at times, but the homebuying process often gets easier as it progresses. Plus, homebuyers who collaborate with an experienced real estate agent can receive plenty of support as they navigate each stage of the homebuying journey.
119 Commonwealth Ave, Worcester, MA 01604
If you strive to make your home unique and have a particular style in mind, it can be difficult to find the right decorations to meet your needs.
With a Target in every town and strip malls containing the same stores carrying the same mass-produced furniture and decorations, where can you turn to find handmade home decor? In this article, we’ll share with you five sources for just that.
What started as a project in the founder’s New York apartment in 2005 has turned into a multi-million dollar online business. Etsy is the undisputed champion retailer of handmade goods.
From clothing to home decor, if you can think of it you’ll likely find someone who makes it and sells it on Etsy. One of the advantages of Etsy is being able to contact the seller personally and ask questions or make custom requests. This makes Etsy one of the best ways to find home decor that is made to order.
Another benefit of Etsy is how easy it is to search and browse. If you aren’t ready to buy an item or want to wait for a second iteration, you can always follow the seller or save them item for later on when you’re ready to purchase.
We know what you’re thinking. Pinterest is a place where you pin photos of home decor, not a place where you buy it. And while that may be true, it’s also a great way to find handmade goods that you might not see anywhere else. Here’s how to find handmade goods on Pinterest.
Search for and follow Pinterest boards that are created by or related to handmade home decor. You’ll find hundreds of boards like this already in existence.
Start pinning some of your favorite items so you can research them more later.
Pick the items you’d like to purchase off of your board and research the maker of those items. Oftentimes, the people who made the items are the ones who initially pin them. Other times the pins lead directly to the sellers webstore.
If you can’t find a webstore to buy the item from, try contacting them directly to see if the item is for sale online
Polyvore is a fascinating website. It’s like if you took Pinterest, a dressing room, and a webstore and mixed them together. Polyvore is often used for clothing, however they have a growing selection of furniture and home decor available.
You create an “outfit” of furniture and home decor to see how they will look together. Then you can place an order for the items you want to buy.
Before Pinterest, many craftsmen sold their goods on Ebay. And many still do to this day. Ebay is also a good place to find second-hand, unique home decor that you wouldn’t find anywhere else. And, if you’re lucky, you can win bids on items at a low price.
Uncommon Goods might not have common goods, but they do run a very conventional and straightforward online store that is easy to use and contains a range of unique home decor that you won’t find anywhere else.
118 Commonwealth Ave., Worcester, MA 01604
Adding a house to the real estate market should be simple. However, a home seller must consider various factors before listing a home, or risks missing out on opportunities to stir up interest from potential homebuyers.
Some of the top factors to consider before you list a residence include:
1. Your Home's Interior and Exterior
Ultimately, your home only gets one chance to make a positive first impression on homebuyers. If a home seller dedicates the necessary time and resources to update a house's interior and exterior, he or she may be able to increase the likelihood of a quick home sale.
To improve a house's interior, it is important to declutter as much as possible. Remove any non-essential items from a home; these items can be sold at a garage sale or online or put into a storage unit until a home sells.
Furthermore, to enhance a home's exterior, a home seller should mow the front lawn, trim the hedges and perform assorted home exterior maintenance projects. With a dazzling home exterior, a home seller can help his or her residence stand out from other available houses.
2. The Local Housing Market
How does your home stack up against the competition? Study the local housing market closely, and you should have no trouble establishing a competitive price for your home.
Examine the prices of available residences that are similar to your own. Also, take a look at the prices of recently sold houses in your city or town. With this housing market data in hand, you can understand whether you're preparing to operate in a buyer's or seller's market and price your residence appropriately.
3. Home Appraisal Results
When it comes to getting a home ready for the real estate market, it never hurts to conduct a home appraisal.
During a home appraisal, a property inspector will assess a house's condition. After the appraisal is finished, this inspector will provide a homeowner with a copy of a home appraisal report.
A home appraisal report offers valuable insights into a home's condition and enables a home seller to prioritize myriad home improvement projects. As such, the report may help a home seller find ways to enhance a residence before he or she adds it to the real estate market.
Lastly, if you're looking to list a house in the foreseeable future, working with a real estate agent is key.
A real estate agent is happy to help you prep your residence for the housing market. He or she will offer honest, unbiased home selling recommendations and ensure you can upgrade your house as needed. Plus, this housing market professional will set up home showings and open houses, negotiate with homebuyers on your behalf and do whatever it takes to help you sell your residence.
Get your house ready for the real estate market – consider the aforementioned factors, and you can transform an ordinary residence into an awe-inspiring home.