Bill Hoey - RE/MAX Renaissance Inc.



Posted by Bill Hoey on 10/9/2019

What happens after a home seller rejects your offer to buy his or her home? Ultimately, there are many questions to consider in this scenario, including:

1. Why did the home seller reject my offer?

A home seller may reject an offer for a number of reasons. And if you work with a real estate agent, you may be able to gain insights into a home seller's decision.

Typically, your real estate agent will submit an offer to a home seller on your behalf. This real estate professional also may work directly with a home seller's real estate agent. As a result, your real estate agent may be able to find out why a home seller rejected your proposal.

2. Is there anything else I could've done?

Were you an informed homebuyer? If so, you've probably done everything you could to submit a proposal that would meet or exceed a home seller's expectations.

In most instances, an informed homebuyer will go above and beyond the call of duty to submit a competitive offer from the get-go. He or she will understand the ins and outs of the housing market and prepare an offer accordingly.

Furthermore, an informed homebuyer will learn about the condition of a home and the prices of comparable residences in the same city or town. By doing so, he or she will be able to differentiate a seller's market from a buyer's one.

An informed homebuyer also will do everything possible to avoid a "lowball" proposal.

If a homebuyer submits a lowball offer, a home seller is likely to dismiss his or her offer immediately. In addition, this homebuyer risks missing out on the opportunity to purchase a great home.

3. What should I do next?

After a home seller rejects your proposal, you can submit a new offer to the home seller. Or, you can always continue to browse the housing market. Regardless of which option you select, it is important to stay optimistic.

Remember, there are plenty of fish in the sea. Much in the same vein, you're sure to find a terrific house that satisfies your lifestyle and budget needs if you continue your home search.

When it comes to discovering the right home at the right price, hiring an experienced real estate agent is paramount.

An experienced real estate agent will work with you throughout the homebuying process. He or she will learn about your homebuying needs and budget and ensure you can check out a broad array of high-quality residences.

Moreover, an experienced real estate agent will take the guesswork out of buying a home. This real estate professional will keep you up to date about new houses as soon as they become available, set up home showings and much more. That way, you can accelerate the process of going from homebuyer to homeowner.

Employ an experienced real estate agent to help you with your home search – you'll be thrilled you did. An experienced real estate agent will make it simple for you to find a stellar residence that you can enjoy for years to come.




Categories: Buying a Home   buying tips  


Posted by Bill Hoey on 10/2/2019

If you're selling your home mostly as is, with carpet that's a few years old, you'll need to give it a complete and thorough cleaning before you show the home. Even if you recently installed new carpet, you may have had to continue living in the house with your pets before you put your home on the market.

Carpet.

Don't skimp on the carpet cleaning. A basic vacuum job is not going to be enough to remove any pet hair or dander tracked around by your dogs or cats. Hiring a carpet cleaning service will save you time but will require more of a monetary investment. If you want to clean the carpet yourself be very thorough and detail oriented.

First, make sure your vacuum is emptied and cleaned to remove any hair or dander inside. Vacuum all the large areas of the carpet before moving on to the edges around your baseboard. Move slowly around the baseboard with a narrow hose attachment and look closely to make sure you're removing all debris (especially stray kitty litter!). If you have multiple pets or full-time indoor pets, you will likely need to go over your carpets 2-3 times to completely remove hair from all the fibers. Don't take a shortcut, take the time to prepare the carpet for cleaning thoroughly.

Second, rent a carpet cleaner from your local hardware store or grocery store. In most cities carpet cleaners are readily available at large grocery and hardware chains for a daily rental fee. Rental companies typically provide the cleaning chemicals for purchase along with the rental. Consider purchasing a spot-treatment compound as well. When you start moving furniture you might find some unknown stains you'll need to remove. Spend the few extra dollars to rent the machine the night before you want to clean so you can start on your carpet early the next day.

Third, starting top down (if you have a multi-story home or unit) clear out furniture as much as possible from the initial rooms you want to clean. Be aware that the carpet will need time to dry so this project will take multiple days, depending on your home size. When working in bedrooms start early in the day to allow ample drying time so you can replace beds in each room and get a good night's sleep for the second day of cleaning. Before you start in with the machine check the carpet thoroughly for stains and apply the stain treatment before you clean the entire carpet, this will allow the chemicals time to penetrate the fibers and lift the stain for the best possible results. Once you treat the stains (following the directions on the chemical you purchased), begin carefully going over the carpet one row at a time. Make sure you overlap your rows and always move the machine in the same direction.

It will be difficult to see results before the carpet dries, but you should be able to gauge stain removal when the carpets are about 50% dry. Check the stains you treated and see if you need to apply a second treatment to minimize them further. If you expect your buyer to replace the carpet, it may not seem worth it to spend additional time on one stain. Even if they plan to renovate, many buyers have a difficult time imagining changes to their space without imagining themselves in it. A clean canvas can make the difference to whether or not someone sees themselves in your home.

Lastly, check your carpets for any areas that your pet (cat) has scratched up. If needed, trim a handful of fibers from an area of carpet that is unlikely to be seen such as the back of a bedroom closet. Trim the knap carefully, so you're only taking the top of the fiber and not creating a bald spot in a new place. Then take the trimmed strands and attached them to the damaged area with a hot-melt glue until you've covered all the scratches.

With fresh flooring, beautiful carpet and a clean canvas of walls and doors your home is ready for show. One last tip! If at all possible remove your pets from the house before you have prospective buyers over. While an animal in the yard is okay, the presence of animals inside may cause your buyers to worry about damage even if you have made the necessary repairs. Ask a friend or neighbor to house your cats and indoor pets during the open house, so you have the opportunity to best show off your home.





Posted by Bill Hoey on 9/25/2019

If you find your dream house, there is no need to leave anything to chance. But if you submit a "lowball" homebuying proposal, you risk missing out on the opportunity to acquire your ideal residence.

Putting together a competitive offer to purchase can be easy. Now, let's take a look at three tips to help you craft an aggressive homebuying proposal.

1. Study the Housing Market

The housing market fluctuates constantly. If the real estate market favors buyers today, it may shift into sellers' favor tomorrow, or vice-versa. As such, you should study the housing market, determine whether it favors buyers or sellers and craft a homebuying proposal accordingly.

Oftentimes, it helps to look at the prices of recently sold houses in your area, as well as how long these homes were listed before they sold. With this housing market data in hand, you may be better equipped than ever before to differentiate a buyer's market from a seller's market. And as a result, you can boost the likelihood of submitting a competitive homebuying proposal.

2. Know Your Budget

If you know how much you can spend on a house, you can minimize the risk of submitting an offer to purchase that stretches beyond your financial limits.

To establish a homebuying budget, it generally is a good idea to get pre-approved for a mortgage. Banks and credit unions can teach you everything you need to know about different mortgage options and help you select the right mortgage. Plus, if you have any questions as you evaluate your mortgage options, banks and credit unions are happy to respond to your home financing queries.

3. Collaborate with a Real Estate Agent

If you hire a real estate agent, you can submit a competitive offer to purchase on any house. In fact, a real estate agent can offer in-depth housing market insights to help you put together an aggressive homebuying proposal that may receive an instant "Yes" from a seller.

A real estate agent is a homebuying expert who understands what it takes to purchase a home in any housing market. He or she first will meet with you, learn about you and your homebuying goals and create a personalized property buying strategy. Next, a real estate agent will help you pursue houses in your preferred cities and towns until you find one that matches your expectations. And after you discover your ideal residence, a real estate agent will make it simple for you to submit an offer to purchase that fulfills the needs of all parties involved.

Of course, if your offer to purchase your dream home is accepted, a real estate agent will guide you through the final steps of the homebuying process. Or, if your homebuying proposal is rejected, a real estate agent will help you reenter the housing market.

Avoid the danger of submitting a lowball offer to purchase your dream house – use the aforementioned tips, and you can craft a competitive homebuying proposal and move one step closer to acquiring your ideal home.





Posted by Bill Hoey on 9/18/2019

House hunting in your hometown can lead to a false sense of confidence. Knowing the lay of the land, best routes to commute and the quality of schools are all advantages. Yet, these can lead to assumptions which may cause you to miss out on hidden gems. Existing houses that have not been on the market in several decades and new land development could be just what you never knew you wanted. When looking at the housing inventory that is available online mapping what is for sale is only part of the story. An area once undesirable can now become that up and coming place to live.

The decision to stay within a particular geographic area can make moving a little less stressful. House-seekers can keep shopping at the usual grocery stores and also continue to use the same services (barber, dry cleaner, florist, etc.). School-aged children may be able to stay at their current schools. You can easily predict the commute time with accuracy. Making house hunting in familiar surroundings a creative adventure. 

Established neighborhoods

With some of the aging population looking to downsize, a family could find the square footage that fits their needs in a property still owned by the original purchasers. These houses may be in older established neighborhoods off the beaten path. Roads that as a local, homebuyers have not needed to travel through. In other words, a hidden gem in your hometown. 

New construction

New construction and planned developments can give a home buyer more updated options and conveniences. Plus, a built-in lifestyle layout within a neighborhood; many buyers like the idea of staying within a certain distance to their hometown stomping grounds. Keeping social ties and services that they know and enjoy. New, but familiar, with upgrades, can attract those buyers wanting a move in ready property.

Revitalized neighborhoods

With so many areas tight on available housing, buyers can put creativity to work to find the best house for their family. Knowing what kind of layout your family needs to navigate daily life is one thing to consider. Another is the neighborhood and how it functions. Common play areas or cul-de-sacs can be helpful for families with active kids. Pet-friendly neighborhoods and fenced yards that are good sized can really provide a quality of life for home buyers. Revitalized neighborhoods can provide hometown options in previously overlooked areas. A completely remodeled house or one needing a few updates can provide a buyer with the opportunity to enjoy customization in a locale that keeps them local. 

When hometown house hunting, you may enjoy formerly undiscovered treasures right in their own “backyard.” When ready to start the house hunting, ask your real estate professional about off-market homes in older neighborhoods.




Tags: older homes   homebuyers  
Categories: homebuyers   house hunting  


Posted by Bill Hoey on 9/13/2019


18 Cedarcrest Road, Wilmington, MA 01887

Single-Family

$500,000
Price

6
Rooms
3
Beds
2
Baths
Beautiful Saltbox Cape will WOW you with the NEWER kitchen and bathrooms! This exceptional home is move in ready. Awesome Living room/family room with fireplace and custom built in cabinets and bookcases. Spacious guest bedroom and full updated bath on the 1st floor. Newer 2nd floor ('80s) with large master bedroom, another nice bedroom and an updated full bath. Convenient covered patio off the kitchen for your summer cookout grill area. Great backyard with newer above ground pool and plenty of room for playing yard games. New heating system 2015. For commuters the T- Station is five minutes away and Route 93 is also close by. Call for a private showing! You will LOVE this home. OPEN HOUSE SUNDAY 1:30 to 3:30PM.
Open House
Sunday
September 15 at 1:30 PM to 3:30 PM
Stop by the FIRST OPEN HOUSE. Great home in a nice neighborhood.
Cannot make the Open Houses?
Location: 18 Cedarcrest Road, Wilmington, MA 01887    Get Directions

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Categories: Open House