Lynne Hagopian - Coldwell Banker Residential Brokerage



Posted by Lynne Hagopian on 12/9/2019

If you buy or sell a home, it is normal to expect negotiations after an initial offer is submitted. However, differentiating between a "fair" counter proposal and an exorbitant offer sometimes can be difficult.

Lucky for you, we're here to help homebuyers and home sellers submit a successful counter offer at any time.

Now, let's take a look at three best practices to help you create a successful counter proposal.

1. Consider Your Counterpart's Perspective

If you are buying a home, consider the seller's perspective. Or, if you're selling a house, evaluate the buyer's perspective. In both scenarios, you can gain insights into what your counterpart might be thinking and tailor your counter offer accordingly.

For example, if a house has been available for several weeks or months, a homebuyer should consider this information as he or she preps a counter proposal. By doing so, a homebuyer can weigh the pros and cons of waiting out a buyer's market and craft an effective counter offer.

On the other hand, if a home seller has several offers in hand, this seller may want to consider submitting a counter offer that matches or exceeds a house's initial asking price. With a seller's market in place, a home seller should have no trouble stirring up plenty of interest in a home, even if a buyer rejects a counter proposal.

2. Evaluate the Housing Market

Take a look at the prices of available houses in your city or town. This housing market data can help you differentiate between a buyer's and seller's market something that may prove to be exceedingly valuable as you put together a counter offer.

Also, examine the prices of recently sold houses that are similar to the home that you want to buy or sell. By leveraging this housing market data, you can evaluate the prices of similar properties and boost your chances of submitting a competitive counter proposal.

3. Consult with a Real Estate Agent

If you're struggling to create a fair counter offer, it certainly helps to consult with a real estate agent.

Ultimately, a real estate agent is committed to helping homebuyers and home sellers achieve their respective goals. This housing market professional can provide a wealth of housing market data to help a homebuyer or home seller craft a viable offer. Furthermore, a real estate agent is happy to provide honest, unbiased home offer recommendations, ensuring both buyers and sellers can make informed decisions.

Let's not forget about the support that a real estate agent provides throughout the homebuying and home selling journey, either. A real estate agent will be ready to respond to a buyer's or seller's questions without delay. Plus, this housing market professional will go above and beyond the call of duty to ensure all parties involved in a home sale enjoy a seamless experience.

Ready to negotiate a counter offer? Use the aforementioned best practices, and you can quickly and effortlessly create a successful counter proposal.




Tags: Offer to Purchase   offer  
Categories: Uncategorized  


Posted by Lynne Hagopian on 12/2/2019

Photo by Paul Brennan via Pixabay

If you're like many prospective homeowners who've been looking at listings lately in preparation for moving forward with purchasing property, you've noticed listings for foreclosures. Some people in your position are attracted by the idea of saving money on foreclosures, while others may simply have fallen in love with a home that just happens to have been repossessed by the lending institution. Foreclosures are sold primarily in two ways through public auctions and by private sales by the banks that own the property. Here's what you need to know about buying a foreclosed property.

Foreclosed Properties Are Sold As-Is

Homeowners typically at least apply a fresh coat of paint and perform basic repairs before putting their properties on the market, but foreclosed properties are sold as-is. Because most of them have been sitting empty for quite some time, they may require serious repairs. You may think you're getting quite a bargain and wind up having to pay so much for repairs that you actually haven't saved any money. 

Foreclosure Auctions Can Be Tricky

You won't be allowed to see the home prior to the foreclosure auction, so you'll be basically flying blind when you make your bid and this means that you have no way of knowing what repairs the inside of the home may need to make it livable and how much they will cost. Although you certainly can drive by the property and see what kind of condition the exterior and the yard are in, you legally can't enter it. Another issue with foreclosure auctions is that most of those who attend are professional real estate investors who are very familiar with the auction process who can easily outbid the average inexperienced bidder provided the property is worth what they want to pay. Furthermore, auction sales of foreclosures need to be paid for in cash, and most buyers simply don't have as much free liquid capital as investors do.

A Good Agent Can Help You Navigate a Foreclosure Purchase

However, if you've fallen in love with a particular foreclosure and it's not yet slated to be sold at auction, a good real estate agent may be able to help you purchase it.  Buying a bank-owned foreclosure comes with far fewer obstacles than purchasing their counterparts that are available via the auction process, and a skilled agent can walk you through it. You'll be able to inspect the property and get an idea of what repairs are going to run, which will provide you with protection against unforeseen financial losses. Bank-owned foreclosure sales happen just like their conventional counterparts, and it's also possible to get financing on foreclosed properties in this stage.  




Categories: Uncategorized  


Posted by Lynne Hagopian on 11/25/2019

When you stop and think about all the details you have to take care of as a homeowner, it sometimes feels like you're running a business! That's especially true if have to coordinate everything from family doctor appointments to home remodeling projects.

Many people get so caught up in their daily routines and responsibilities that they lose sight of all the things they actually can handle, do overcome, and can accomplish!

No matter how organized and motivated you are, though, problems, oversights, and blunders do occasionally happen. Fortunately, there are steps you can take to minimize the chances of making mistakes or forgetting something important.

Don't depend on your memory. Writing and revising lists of daily priorities, appointments, and reminders can be a valuable strategy for organizing your day. Mobile devices also have scheduling capabilities, note taking apps, and calendar features that can help you stay on track. When you commit a priority to writing or set up a reminder on your cell phone or tablet, you're increasing the probability that you'll remember appointments, fulfill obligations, and keep household projects moving forward.

Start with small steps: One challenge many people struggle with is motivating themselves to tackle an important project around the house. For example, let's say you desperately need to paint a room, straighten out a closet, or organize your filing system. Whether you're "too busy to turn around" or just plain unmotivated, it can be difficult to get started on a home improvement or organization project!

While you may have a few pet theories on why you can't seem to get started on a project, it might boil down to Newton's Laws of Motion. Back in the 17th century, physicist Isaac Newton stated that a stationary object (one that's not moving) tends to stay out of motion -- unless it's acted on by an outside force! Granted, he may not have been talking specifically about human beings, but the same principle seems to apply. Whether you're trying to get out of a warm, comfortable bed in the morning or take advantage of your new gym membership, it's often difficult to nudge yourself into action when you're in a state of rest. It's a problem we all have at one time or another.

The solution is to start small and build momentum as you go. Taking small steps at first, such as buying the supplies you need for a home improvement project, can often provide the extra push you need to get started. Telling a friend or family member that you're going to accomplish something this weekend can also help propel you forward.

If you need help in remembering things, consider buying a couple notebooks for writing daily lists. If you view yourself as a "technophobe," make it your mission to learn how to use the calendar app on your phone or tablet.

In addition to old-fashioned schedule reminders like wall calendars, appointment books, and desk calendars, you can even send yourself reminders via email or enlist the help of friends, family, or colleagues to remember appointments and priorities.

However, regardless of how many memory devices you use to organize your schedule or tackle household projects, keep in mind the motto of U.S. President Harry S. Truman: "The buck stops here!"





Posted by Lynne Hagopian on 11/11/2019

Buying a vacation home may prove to be a great investment. It enables you to spend time at a terrific location at your convenience all without having to worry about hotel or motel costs. Plus, a vacation home can be tailored to your individual needs. You can decorate your vacation house however you would like, and ultimately, find ways to make this residence a fun spot to visit any time you choose.

If you decide to search for a vacation home, it helps to prepare for the house buying process accordingly. Now, let's take a look at three tips to help you launch a successful search for a vacation residence.

1. Know Where You Want to Go

Consider where you want to purchase a vacation house, as well as how far away you want this residence to be from your primary home. Then, you can narrow your vacation house search to residences in a select group of cities and towns.

Think about your vacation home must-haves, too. Oftentimes, it helps to make a list of vacation home must-haves that you can use to guide your house search. Once you have this list at your disposal, you can use it to accelerate your quest to find a vacation home that suits you perfectly.

2. Establish a Homebuying Budget

Find out how much you can afford to pay for a vacation residence. Because if you conduct a vacation home search with a budget in hand, you could find a superb house that offers the ideal blend of affordability and quality.

Generally, it helps to meet with banks and credit unions before you launch a vacation home search. These financial institutions employ home financing specialists who can teach you about various mortgage options. Also, you can work with a home financing specialist to establish a house buying budget that ensures you won't have to spend beyond your means to acquire a first-rate vacation residence.

3. Consult with a Real Estate Agent

When it comes to searching for a vacation home, there is no need to work alone. If you employ a real estate agent, you can receive expert assistance as you navigate the homebuying journey.

A real estate agent understands what it takes to purchase a vacation home in any city or town, at any time. First, he or she will meet with you and learn about your vacation homebuying goals. A real estate agent next will help you hone your vacation home search and set up property showings. Finally, if you find a vacation home you want to acquire, a real estate agent will help you submit a competitive offer to buy this residence.

Ready to purchase a vacation home? Take advantage of the aforementioned tips you will be happy you did. By using these tips, you can quickly and effortlessly perform a comprehensive vacation home search. Perhaps best of all, you can speed up the process of finding a top-notch vacation residence that matches your expectations.




Categories: Uncategorized  


Posted by Lynne Hagopian on 11/4/2019

You've sold your home, and moving day is almost here. As such, now may be the perfect time to pack an overnight bag; that way, you're ready to survive with only limited supplies until you get settled into your new house.

Ultimately, there are several essential items to include in an overnight bag, such as:

1. Clothing

It is important to pack enough clothing to ensure that you can dress comfortably until you get unpacked. Thus, you'll want to consider how long that it will take you to get settled into a new house as you prep your overnight bag.

For example, if you plan to take several days to unpack, you'll want to pack your overnight bag clothing accordingly. In this scenario, you'll likely need work clothes for the days that you're in the office, along with pajamas and other comfortable clothing that you can wear around the house.

2. Cash

If you know that you're going to be living outside a traditional home environment for a few days, it never hurts to pack cash in your overnight bag. By doing so, you'll have money available to buy food, beverages and other items as needed.

Consider how much money that you'll need to survive even a few days outside of a traditional home setting. Also, be sure to keep extra cash close to reduce the risk of losing this money while you relocate to a new address.

3. Toiletries

Shampoo, toothpaste and other toiletries should be included in your overnight bag. These items ensure that you can maintain a clean, neat appearance, regardless of where you're staying.

Many convenience stores and supermarkets sell travel-size versions of popular toiletries. Therefore, you may want to purchase travel-size toiletries to limit the chance that assorted toiletries will take up too much space in your overnight bag.

Furthermore, you can pack only the toiletries that you know you'll need for a set period of time to conserve additional space in your overnight bag.

4. Smartphone Charger

Let's face it no one want to lose access to his or her smartphone for any length of time. Fortunately, if you pack a smartphone charger in your overnight bag, you can recharge your smartphone at any time.

Include a smartphone charger and any smartphone cords or wires in your overnight bag. In addition, don't forget to test your smartphone charger and accessories to ensure they work properly.

Packing an overnight bag can be quick and simple, particularly for those who plan ahead. And if you include the aforementioned items in your overnight bag, you should have no trouble surviving outside a traditional home setting.

Lastly, if you need help as you get ready to vacate your house, a real estate agent may be able to provide assistance. A real estate agent serves as an expert guide along the home selling journey and will do everything possible to guarantee that you are fully prepared for an upcoming move.




Categories: Uncategorized  




Tags
UA-143044978-1