You’ve Found “The Home.” Now What?


The long, tiring search is over and you’ve kissed a lot of frogs. You've finally found your dream home and want to make an offer on the property. How do you know how much to offer and if you’re getting the most value for your money in this Brandon MB market?


The offer phase of purchasing a home isn’t always straightforward and you need to at least know the market on homes in that area so you can determine if you’ll be getting the fair market value for that home. Ask your real estate agent to go through neighborhood  comparable actives and solds with you.  This report should be helpful with the offer process.


Lowballing is a common term in the world of real estate. It means that you’re offering to buy the house for a number that’s far below the market value. You run the risk of insulting the seller and losing the home for good.


But, if you don’t know the fair market value of the home you could overpay by thousands of dollars. To zero in on the market value of the home you’ve chosen, you should know if you’re in a seller’s or buyer’s market.


A buyer’s market means that there are plenty of homes for sale, but a shortage of buyers. This gives you more power to bid lower than the asking price and to even ask the seller to pay for some or all of the closing costs. In a buyer’s market, you’ll find the seller more willing to negotiate.


If you’re in a seller’s market, there is a shortage of homes for sale and you’re likely to have several potential buyers making offers at the same time. A seller’s market is a little tougher to negotiate in because you may need to compete with other buyers.


It’s sometimes devastating to a potential home buyer when their good-faith offer is rejected – especially without a counter offer. This could happen when the seller receives many offers and your offer was much less than the others. Or, the seller may back off of your offer to see if he can eventually get a better one.


All may not be lost, even if your offer has been rejected by the seller. The seller may not have accepted any offer on the home and you may still have time to negotiate by moving rapidly with a higher offer. This may result in a bidding war that your real estate agent will need to help you with.


A buyer’s agent is extremely helpful if you’re a first-time home buyer. He or she will be familiar with the local market and be able to negotiate the best deal on your behalf. You’ll learn a lot during this process, which may be helpful to you when you decide to sell.


If you’re working in a seller’s market and there’s a real shortage of homes in the area, you may still be able to get your dream home. Find a home you really love in an area you’re interested in and write a letter to the homeowner.


It’s a true leap of faith to try this method, but it’s worked for thousands of buyers and it just might work for you. Even if you receive a “not interested” reply, at least you’ll know you tried.


Never rush to make an offer in any market until you’re sure the home is right for you. Unless you do the proper research on the home, you may be rushing in to a situation that you’ll later regret.


Whether you live in Brandon MB, Virden MB or you're searching for acreages in these surrounding areas, the search can be strenuous and time consuming.  You can call on me to be your trusted go to REALTOR®, with insight on all new listings and recent home sales, within our local real estate market.

Key Areas to Focus on When Staging a Home for Sale

First impressions are everything, especially when you’re trying to sell your home. Give your property a boost by sprucing it up before you list it. There are many ways to do so, and if you take your time, you should be able to sell it at the price you want. It’s also important to pick a running theme and stick to it somehow because the last thing you want is for the person buying a house to balk from you only because of the property’s interiors.


When staging a home, every nook and cranny should look its best. However, there are specific areas in a home that you need to focus on.

The Basement 

Potential buyers do not want or need to see a basement that is teeming with disorganized piles of junk. Even an unfinished basement must be clean, dry, and as brightly lit as possible. Little things like neatly organized boxes and a quick coat of paint on a concrete floor can make all the difference.


If you are unable to deal with the piles of disorganized items from the basement, at the very least, have them moved elsewhere until the trash bags come. An empty, unfinished basement is still better than one that is full of clutter. If necessary, rent a storage unit for your things in the meantime. 

The Living Room

If the furniture is pushed up against the walls in order to maximize the space, it hampers the effort to sell your home. Rearrange the furniture in your living room to create an ambiance that encourages conversations instead of it looking like a place to just watch television or store children’s playthings.


If there is a fireplace or a big window, make that the focal point. Place a couch, a pair of chairs, and a coffee table in such a way that it is set intimately. Toss in a few decorative pillows for colour and warmth. A textured blanket will also do wonders for the overall aesthetic of the living room.


Brighten up the entire area by placing a floor lamp or table lamp there. Window treatments can also definitely make a huge difference.

The Kitchen 

What is essentially the main selling point of a home, the kitchen must be given special attention. A lot of the home value rests in what is the heart of every home. If it is cluttered and messy, it will make the home much more difficult to sell. Clear the counters to emphasize the kitchen, including any small appliances like toasters and personal items such as phone chargers and the mail. Incorporate items that promote healthy living, such as a fruit bowl, a curated collection of cookbooks that are interesting, and maybe even some snacks. Give people room to imagine themselves actually living in the home.

The Bathroom 

If a bathroom is modern and sleek, that’s an immediate bonus selling point right there. However, if the cards are played right, a dated bathroom can also do wonders with some work. Clear the counters and all the other areas, then give your bathroom a thorough scrubbing from top to bottom.


Do not overlook your medicine cabinet and under-the-sink storage. Buyers can be nosy, thoroughly examining every inch of the home for sale. Brighten the whole space by getting a high-quality, brand-new shower curtain.

Conclusion

Home staging is an essential step on your journey to selling your home. With just a few tweaks and adjustments, you can boost the chances of it actually being sold for top dollar in a timely manner.


Need a reliable real estate agent to help you sell your home? I am Chris Low, a real estate agent dedicated to assisting you throughout the home selling and buying process.


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