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Rejection is a hard thing to face in life, whether it’s from a potential client, a potential boss or a potential home seller. As a Lakewood Ranch area home buyer, your stress level might be reduced if you’re aware of some of the reasons a seller may reject your offer.
Before I give you the list of reasons, I’d like to mention that even if you and your buyer’s agent do everything right, the seller may still reject your offer. It frequently has nothing to do with you.
Here are 5 common reasons sellers reject offers on their homes:
1. The offer wasn’t enough for them to pay off their mortgage. For most sellers, the bottom line is paying off their mortgage. If your offer won’t cover the mortgage, they cannot accept it.
2. They may have just been testing the waters to see what they can get for their home.
3. Their plans may have changed. People put their homes on the market because they need to move, they want to upgrade their home, or they can no longer afford their home. If the circumstances change, they may not need to sell their home.
4....
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When you first set out to sell your home, you are probably excited by all the possibilities, maybe a little scared, and often thinking about the best ways to save money. Many times saving money when selling Lakewood Ranch real estate means trying to sell it as a FSBO (For Sale By Owner). If you have the conviction, the salesmanship, and the knowhow you might be able to sell your home yourself and keep the commission in your pocket. There are, however, a few key elements you should be aware of when attempting to sell your own home.
Your House—Not Your Home
The first trick of selling your own home is to immediately stop thinking about it as your home. It may seem like an insignificant change and purely a matter of semantics but as your 'home' you will have far less ability to coldly assess its value than simply as a piece of Lakewood Ranch real estate—a house.
As a 'home' it will be harder to handle rejection, off-handed comments by prospective buyers, and a feeling of general violation as strangers traipse through your rooms at all...
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Sometimes the simplest solution is right under your nose. Sure, renovations, additions, upgrades and updates are great—and should not be overlooked. But common sense says buyers make their first judgment of homes for sale based on the exterior of the home.
Buyers Are More Discerning In Today’s Real Estate Market
Today’s real estate market is challenging for sellers, all the more reason why every little detail matters. Buyers know they are in a strong buyer’s market and literally won’t put up with any rubbish, when window shopping for homes.
Before a potential buyer even considers stepping foot inside your home, they want to see curb appeal—and not just any curb appeal, mind you. The discerning home buyer of today wants everything “just so.”
GOOD CURB APPEAL
Here’s what buyers are looking for:
• Precision lawn care: That means weekly mowing and edging in the warm months. The perfect lawn features mowing done in precise straight lines resulting in a very symmetrical, uniform look. Don’t forget to trim around the driveway, stones, garden, trees, and especially the sidewalk....
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For homeowners getting ready to put their Lakewood Ranch homes on the market, here are a few stunningly-easy tips to help get your home sold faster and maybe even for more money.
Keep in mind that your prospective buyers will most likely be viewing several Lakewood Ranch homes on the same day as your showing. The emotional elements you include will have a profound impact on their memory, and will make your home standout when they review what they’ve seen with their agents at day’s end.
Preparing your home for the perfect showing is essential and comprises three basic elements that will make your home sparkle.
Curb Appeal
• A buyer is first introduced to your home from the outside. Make sure all shrubs, grass and lawn ornaments are looking their best. This gives the buyer a more positive outlook before they enter your home.
Atmosphere
• Soft classical music
• Simmering potpourri
• If you feel ambitious, bake an apple pie or some cookies in the oven.
• Well-lit rooms and inviting indirect lighting
• Air conditioning or heating set at a comfortable temperature
Decorations
• Garden-fresh bouquet of flowers...
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Going it alone and listing your home as a for sale by owner can be exciting at first, but there is a turning point where the prospect of losing money makes it necessary to bring in help. Here are four reasons to change your plan and list your home with a Lakewood Ranch Area Realtor® in order to facilitate a sale.
1. Speed: If your property has been languishing on the market for more than three months, it is no longer fresh. People will avoid it simply because it hasn't sold. A Realtor can give your home wider exposure and get traffic moving through it again.
2. Knowledge: Fresh eyes on a project are helpful in any business endeavor. You can be too close to your home. You love it and see it in a positive light that can often overlook minor items that could prevent a sale. Your Realtor® can help you see the problems you didn't even know existed.
3. National Exposure: As a FSBO (for sale by owner) seller, you are not able to list your home on the official MLS (multiple listing service). This exposure alone can get...
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Both Sellers and Buyers are worried about the real estate market. There are plenty of people on both sides of the market with a case of cold feet.
For instance, some with Lakewood Ranch homes for sale took them off the market. Others, who’ve thought of selling, haven’t.
The same can be said for buyers. Many potential homebuyers change their minds or still worry over that age-old question of, “Should I or shouldn’t I?”
Two Cases of Cold Feet
A 26-year old with a steady job, good paycheck and good credit, sums it up for many potential buyers. “My job’s steady and my credit is good. I keep watching the houses that go up for sale, thinking I could go ahead and buy, but then the ‘what if’s’ pop into my head. I don’t want to miss this opportunity to get a great deal and lock in a low interest rate, but there are so many unknowns…”
A former seller shares why he took his home off the market. “My wife and I decided to sell and went through the process of hiring an agent. The agent suggested having someone come in and redecorate the...
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In today’s real estate market, it’s helpful when homeowners add incentives to sell their Lakewood Ranch homes. Incentives may include paying a portion of the buyer’s closing costs, reducing the sale price or offering a home warranty.
Many sellers and buyers are unaware of the advantages of home warranties, so below are answers to some frequently asked questions about home warranties:
· What is a home warranty? A home warranty is a policy that covers the repair or replacement of home systems and appliances. They are typically annual policies that can be renewed and usually cost between $250 and $500.
· Who pays for a home warranty? Either the seller or the buyer can pay for the home warranty, but sellers usually cover the cost as an incentive for selling their home. Sometimes real estate agents offer home warranties as a closing gift.
· What is covered? This will depend on the terms of your warranty. Most warranties cover the air conditioner, dishwasher, furnace or heating system, water heater, ductwork, garbage disposal, inside plumbing, electrical systems, range and oven, to name a few. Check...
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It’s time for some tough love, here. Your home doesn’t fit in with other Lakewood Ranch homes for sale. It doesn’t play well with others. When you put it on the market, you priced it more than 8% higher than the other Lakewood Ranch homes for sale. Frankly, it’s a market bully.
We understand that you want to make the most out of your investment. Maybe you’ve done some serious remodeling that you feel warrants the price hike. We understand, but we’d be doing you a disservice if we let you ignore the facts.
There is no longer a federal tax credit to entice buyers and get them interested.
Your house is competing with several foreclosures – many of which are priced as low as the lender can handle.
If your house sits on the market too long, waiting for a buyer, the harder it will be to actually attract a buyer.
There is very little incentive for buyers to go out and buy now, especially higher priced homes.
Mortgage rates are low, but lender qualifications are much tighter now.
Any seller hitting the market in today’s economy has two choices: wait or cut your losses. They...
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As I’m sure you know, the real estate industry is in a down market, and the last thing you want to do is pay commission to a real estate agent. Not to mention that you’re almost positive you can sell your home just fine on your own. Before sticking a “For Sale by Owner” sign up, however, make sure you’re ready for the work and headaches.
Time. Yes, you can sell your Lakewood Ranch real estate on your own without the help of an agent, but it takes a lot of preparation and time. How much is your time worth and how much time do you have? Before you step out on your own, make sure you can afford the time and energy investment.
Extra services for better value. You’ll lose out on a wide variety of services offered by real estate agents. For example, many agents provide home staging services as well as extensive advertising and marketing services both online and off.
Dealing with the legalities. Selling a home involves contracts, closings and a multitude of legal issues that can make or break a sale. Real estate transactions...
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Have you ever seen a child right after a huge chewing gum bubble pops on his face? A mess everywhere, eyes wide, mouth in an “O” – rather reminiscent of the real estate industry when its own bubble popped. Homeowners panicked and began trying to sell their homes.
As more pushed to unload the instantly unwanted “step child” of homeownership, the real estate market became glutted, resulting in lower sales prices. Two years later, some owners are still trying to sell their homes, still panicking, and still worried about what the future will bring. However, you might be like some homeowners, who are indecisive about selling their homes or who realize they don’t really want to sell.
Stop.
Take a deep breath.
Quit worrying for a moment and ask yourself… Why am I selling?
There are good reasons to sell:
• Your house has become hard to afford.
• You’re getting older and need to move somewhere that doesn’t take as much maintenance.
• You need to relocate for your job.
But there are a lot of not-so-good reasons to sell:
• You’ve read so much about people who have been unable to sell their homes that you became alarmed and put...
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