Douglas Schmidt - REALTY EXECUTIVES Boston West



Posted by Douglas Schmidt on 11/13/2017

After you receive an offer on your home, how should you respond? Ultimately, there are many questions for a home seller to consider before accepting a proposal, including:

1. What is my home worth?

Did you get your home appraised before you added it to the real estate market? If so, you may want to review a home offer in contrast to your home appraisal. This will give you a better idea about whether the offer is "fair" based on your home's condition.

If you have not received a home appraisal, there's no need to worry. In fact, there are many ways to assess your home to determine whether to accept or decline a proposal.

Check out the prices of comparable residences in your city or town. This will enable you to see how these houses are priced and better understand how to proceed with an offer.

Also, review the prices of homes that recently sold in your area. With this information, you can learn about the current state of the housing market.

2. Are there any other offers to consider?

As a home seller, you'll likely have 24 to 48 hours to respond to an offer on your residence. But if you receive multiple offers at the same time, you'll want to evaluate these proposals in conjunction with one another.

Even if you receive two offers for the exact same price, these proposals may differ.

For example, a homebuyer who has financing in hand will be able to streamline the process of going from homebuyer to homeowner. On the other hand, a homebuyer who submits an offer without financing in hand may require additional time to secure a mortgage from a bank or credit union.

Take a close look at all of the offers on your home. Review these proposals with a fine-tooth comb, and you'll be able to make an informed decision.

3. Does this offer meet or exceed my expectations?

An offer on your home may fall short of your initial asking price, but this offer can still meet or surpass your expectations.

Consider what you hope to accomplish as a home seller as you review an offer.

For instance, if your goal is to sell your home as quickly as possible, you may be more inclined to accept one of the first offers you receive. Or, if you can afford to remain patient, you may want to take a wait-and-see approach to ensure you get an offer that matches or exceeds your initial asking price.

4. What will happen if I accept the offer?

After you accept an offer on your home, a homebuyer likely will want to complete a home inspection.

If the home inspection goes well, the homebuyer probably will proceed with his or her purchase. If it does not, you may need to complete home maintenance or repairs to finalize the purchase agreement.

Remember, if you accept an offer, there are still several steps that will need to be completed before you sell your house. With an expert real estate agent at your side, you'll know exactly what to expect at each stage of the home selling process.





Posted by Douglas Schmidt on 11/6/2017

Getting your home ready to sell entails quite a lot. Staging, taking photos, stocking the toiletries, and--in the case of an open house--entertaining guests. You want the visitors to your home to feel welcome and like they could live there someday.

To achieve this it takes planning and an eye for what really “works” in your home. To do this you’ll have to let go of everything you’ve made your home into and turn it into a blank slate where others can imagine it fitting their personal taste.

In this article, we’re going to give you some tips on preparing your home for an open house or showing to leave the best possible impression on your visitors.

Remove yourself from the picture

It might be sad to take down your family photos and personal effects, but imagine yourself in a visitor’s shoes. When you enter a home you’re thinking of buying, you don’t want to be distracted by what the previous family did with the home. Rather, you want to look forward and imagine your own family making a life there.

Declutter

Even the most minimalistic of homeowners tend to accumulate a lot of stuff over the years. However, walking into a home filled with items is distracting from the features of the home. You want to draw people’s eyes toward the best characteristics of your home--whether that’s spaciousness or architectural features.

We suggest packing your belongings by room and renting out a storage facility while you wait to move into your new place.

Stage appropriately

Working with someone to stage your home is a guaranteed way to make sure your house looks welcoming for your guests and photos. However, if you plan on doing the staging yourself take a look at some similarly styled homes online to find out what looks good in their photos. When we furnish our homes, we do it based on our personal taste, comfort, and utility. Staged homes are about aesthetics and atmosphere.

Once you’ve finished staging, it’s time to clean up after yourself. Wipe down surfaces, polish wood, and clean the windows.

Don’t neglect the exterior

The outside of your home is as important as the inside. It will be visitor’s first impression when they arrive at your driveway. To prepare, make sure your siding and windows are clear of dirt, the lawn mowed, the gutters cleaned, and the doors freshly painted, if necessary. Sweep the driveway and remove any yard tools from sight.

Welcoming guests

Your real estate agent knows how to run an effective open house. However, here are a few key things to remember on the day your guests will arrive.

First, light a candle and use air fresheners where necessary. A neutral smell is the best option, but an air freshener is better than a bad one if there are parts of your home that are prone to bad smells.

Next, make sure the bathrooms are stocked with toilet paper, tissues, and clean towels. If yours are getting old, it could be a good time to replace hand towels altogether.

Finally, welcome your guests with a new welcome mat at the front door to make a great first impression.





Posted by Douglas Schmidt on 10/2/2017

Congratulations on your recent home sale! Now, you just need to figure out how to tell family members, friends and other loved ones that you'll be packing up and moving out of your current residence.

Informing loved ones about a home sale may seem challenging at first. Fortunately, we're here to help you keep your cool as you tell loved ones that you've sold your house.

Here are three tips to ensure you can avoid the stress and headaches sometimes associated with informing loved ones about your decision to sell your home.

1. Get Ready for Questions

Loved ones have your best interests in mind, and as such, likely will have many questions about why you sold your residence.

What prompted you to sell your home now? How much did you receive for your home? And where do you plan to live in the future? These are just some of the questions that you should be ready to face from family members, friends and other loved ones.

Moreover, answer loved ones' questions as best you can. And if you are uncertain or uncomfortable about answering a question, you can politely decline to respond.

2. Keep an Open Mind

Things will move quickly after you sell your home. Although you may have plans to buy a new residence or relocate out of state at some point, you might still need time to finalize your next move.

Oftentimes, loved ones may pressure you to move in a certain direction following your home sale. But it is essential to keep the best interests of yourself and your family in mind at all times.

If family members or friends pressure you to make a move that makes you feel uncomfortable, let them know. Remember, your loved ones want you to be happy, and they should be willing to listen to your concerns after you share the news that you have sold your residence.

3. Operate Fearlessly

After you accept a homebuyer's offer for your residence, the toughest part of the home selling journey is over. At this point, you can finalize your home sale and move forward with the next stage of your life.

It takes a lot of courage to sell a house, and you should maintain this confidence as you tell loved ones about your home selling decision.

Regardless of how a loved one feels about your decision to sell your house, what's most important is how you feel about your choice. If you believe you made the best decision possible, you should feel good, even if family members or friends disagree.

When it comes to telling loved ones about your home selling decision, don't forget to reach out to your real estate for assistance. This real estate professional understands the challenges of informing family members and friends about a home selling decision and may be able to offer expert guidance. That way, you can remain poised and confident as you share your home selling news with others.





Posted by Douglas Schmidt on 8/7/2017

Selling a home requires time, dedication and patience. As such, you need to be aware of the biggest dangers associated with selling a residence before you add your home to the real estate market; otherwise, you risk wasting your valuable time and resources. One of the biggest home selling dangers often remains ignored – self-sabotage. And if you're not careful, you may sabotage your chances of selling your residence without even realizing it's happening. So what can you do to avoid the danger of self-sabotaging your home sale? Here are three tips that home sellers can use to eliminate this risk altogether: 1. Be Realistic About the Price and Value of Your Home. Employ a professional appraiser to evaluate your home before you list it on the real estate market. By doing so, you'll be able to better understand what your home is worth and price it appropriately. Also, keep in mind that what you ask for your house may not be what homebuyers offer for your residence. For instance, in a seller's market, you might actually receive multiple offers that exceed your initial asking price. Conversely, in a buyer's market, you may wind up getting numerous offers at or below your original asking price. Regardless of whether you're selling your residence in a buyer's or seller's market, however, it is important to remain flexible. Ultimately, you need to feel comfortable with the initial asking price you set your house and the offers you receive for your residence, and only then will you be able to finalize an agreement that works well for both you and a homebuyer. 2. Act Fast on Any Offers You Receive. It is paramount to prepare for offers before they arrive, as this will enable you to act quickly and efficiently. Typically, you'll only have a short amount of time to decide whether to accept a homebuyer's proposal. And if you plan for prospective offers you'll receive, you can act confidently under duress. Consider how you'll respond if you receive an offer that meets or exceeds your initial asking price, along with how you'll respond to an offer that falls below your initial expectations. Because if you plan for the best- and worst-case scenarios, you'll be better equipped to minimize the chance of sabotaging a home sale. 3. Work with an Experienced Real Estate Agent. Collaborate with an experienced real estate agent, and you'll be able to prevent the risk of self-sabotage. A real estate agent will help you determine the best price for your home and get your residence ready for a home showing. Meanwhile, this professional likely will possess years of experience and ensure you understand the ins and outs of the real estate market, allowing you to make the best decisions possible relative to your home sale. Find the right real estate agent to sell your home – you'll be thrilled you did! With an expert real estate agent at your disposal, you'll be able to improve your chances of finding many interested homebuyers and getting multiple offers for your residence. Understand the danger of self-sabotage, and you can prevent this problem from arising as you attempt to sell your house.





Posted by Douglas Schmidt on 7/17/2017

The home selling journey is an exciting time, and for good reason. Ultimately, the home selling journey represents a period of endless possibilities. And for those who start planning ahead for the home selling journey today, they may be able to enjoy immense profits down the line.

What does it take to reap the benefits of a profitable home selling journey? Here are three tips to help you do just that.

1. Understand the Real Estate Market

The housing market may seem like a moving target at times. However, home sellers who analyze the real estate sector closely can identify patterns and trends and plan accordingly.

Home sellers can look at the prices of recently sold houses in their cities and towns to better understand the current state of the housing market. Then, these home sellers may be able to differentiate between a seller's market and a buyer's market.

Also, home sellers can assess the prices of available homes that appear similar to their own. This housing market data enables a home seller to understand how his or her residence stacks up against the competition.

2. Assess Your Home Both Inside and Out

It never hurts to upgrade your residence, especially if you want to optimize your house's value. Fortunately, a home appraisal makes it simple to assess your house's interior and exterior so you can determine a competitive price for your residence.

A home appraisal requires a property inspector to look at a house's interior and exterior. Following the appraisal, a property inspector will provide a home seller with a report that details the condition of a house.

For home sellers, it is important to review all of a property inspector's findings. This will enable home sellers to identify opportunities to enhance their residences and prioritize various home improvement projects.

3. Collaborate with a Real Estate Agent

When it comes to enjoying a profitable home selling journey, it pays to go above and beyond the call of duty. With a real estate agent at your side, you can take the guesswork out of selling your home and move closer to getting the best price for your residence.

A real estate agent is committed to client satisfaction, and as such, will go the extra mile to promote your residence to the right groups of homebuyers. That way, you can boost your chances of receiving multiple offers on your home as soon as it hits the market.

Plus, a real estate agent will set up home showings and open houses and negotiate with homebuyers on your behalf. He or she will even provide expert home selling recommendations at each stage of the home selling journey. As a result, a real estate agent will help you streamline the process of selling your house and maximizing your residence's value.

Don't miss out on an opportunity to enjoy a profitable home selling journey. Instead, use these tips, and you can improve your chances of selling your home at a price that matches or exceeds your expectations.




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