Classic Properties REALTORS ®



Posted by Classic Properties REALTORS ® on 3/17/2019

If you receive an offer to purchase your house, determining how to proceed with this proposal sometimes can be difficult. Ultimately, a home seller needs to weigh the pros and cons of accepting an offer to purchase. And if the pros outweigh the cons, it probably is a good idea to accept the homebuying proposal.

When it comes to reviewing an offer to purchase, there are many reasons why a seller should accept this proposal, and these include:

1. An offer to purchase matches or exceeds a home seller's expectations.

If a home seller receives an offer to purchase at or above the initial asking price for his or her house, accepting the proposal likely is a no-brainer. In fact, a seller may want to provide an instant "Yes" to this offer so he or she can quickly move on to the next step of the property selling journey.

Of course, it helps to establish realistic home selling expectations before listing a residence. If a seller sets a competitive initial asking price that corresponds to his or her home selling expectations, then this individual may be better equipped than others to enjoy a seamless property selling experience.

2. An offer to purchase falls in line with the current housing market's conditions.

If you're selling a home in a buyer's market, you may pounce at the opportunity to accept any offer to purchase that comes your way. Comparatively, if you list your house in a seller's market, you may need to consider all of your options closely before you accept an offer to purchase.

As a home seller, you should evaluate the current state of the real estate market. If you allocate time and resources to learn about the housing market, you can gain real estate market insights to help you determine whether to accept an offer to purchase.

3. An offer to purchase enables a home seller to speed up the property selling process.

If you're operating on a tight home selling timeline, you may be more inclined than ever before to accept an offer to purchase, even if it falls below your initial expectations. Conversely, if you plan ahead for the home selling journey, you may reduce the risk of facing a time crunch to sell your house.

For home sellers, hiring a real estate agent is key. This housing market professional can help a seller prepare for the real estate market and ensure that a seller sets a competitive price for his or her house. Plus, a real estate agent will set up home showings and open house events to showcase a residence to prospective buyers. And if a seller receives an offer to purchase, a real estate agent can provide a recommendation about the best way to respond to this homebuying proposal.

Ready to add your house to the real estate market? Collaborate with a real estate agent, and you can boost the likelihood of getting an offer to purchase your home that allows you to maximize the value of your property.





Posted by Classic Properties REALTORS ® on 2/10/2019

Selling a house should be an enjoyable experience – not a stressful one. Yet problems may arise that cause a home seller's stress levels to rise. Fortunately, we're here to help you identify and alleviate home selling issues before they get out of hand.

Now, let's take a look at three tips to help you enjoy a worry-free house selling experience.

1. Learn About the Real Estate Market

Take a look at the prices of houses in your city or town. By doing so, you can see how your residence stacks up against comparable houses and determine how you should price your home.

Furthermore, evaluate the prices of recently sold houses in your area. This housing market data enables you to see how long it takes houses to sell and whether property sellers are receiving offers to purchase at or above their residences' initial asking prices. Then, you can find out whether you are preparing to enter a buyer's or seller's market and plan accordingly.

2. Identify Your House's Strengths and Weaknesses

Conduct a home inspection – you'll be glad you did. An inspection takes only a few hours to complete and enables a property expert to review your residence both inside and out. After the inspection is finished, you'll receive a report that highlights any underlying problems with your residence. You then can use this report to prioritize home repairs and transform property weaknesses into strengths.

It may be beneficial to remove clutter from inside your house and enhance your residence's curb appeal too. That way, you can make it easy for homebuyers to fall in love with your house whenever they view it.

3. Collaborate with a Real Estate Agent

A real estate agent is a home selling professional who is happy to help you navigate the property selling journey. In fact, he or she will make it easy to minimize stress from the moment you list your house to the day you complete your home closing.

Usually, a real estate agent will learn about you and your home selling goals and craft a custom property selling strategy. A real estate agent next will set up home showings and open house events to promote your residence to prospective buyers. And if a buyer submits an offer to purchase your home, a real estate agent will help you decide whether to accept, reject or counter this proposal.

Let's not forget about a real estate agent's industry expertise, either. A real estate agent understands the ins and outs of the house selling journey. And if you ever have concerns or questions about selling your home, a real estate agent is ready to respond to them.

The home selling journey may seem daunting at first. But ultimately, there is no need to stress as you prepare to list your house. Take advantage of the aforementioned tips, and you can boost the likelihood of a worry-free home selling experience.





Posted by Classic Properties REALTORS ® on 1/6/2019

If you live in one state, but are trying to buy a home in another state, you’ll face some obvious challenges. There’s certain steps that you can take to help you get through the home buying process in another state. Whether you’re buying a vacation home, or are in a complete transition, you’ll need to follow a few steps to make life easier for you. 


Know How Much Time You Have


First, you’ll need to ask yourself when you’re planning to move. If you have flexibility and are planning a trip to the new state before you need to move, that paints a much different picture than a more rushed move. Consider:


  • The time it will take to sell your current home
  • When the closing will be on the new home


Keep that timeline in mind.


You’ll definitely want to hire a realtor to handle everything for you on both ends when you’re in this situation. A Realtor’s knowledge and experience is definitely worth it to help you.


Get Your Finances In Order


You’ll need to apply for a loan on the home you’re buying in the new state. You should start by getting pre-approved for a mortgage in that state. You don’t want all of your important paperwork to be buried in the midst of packing and moving. Also, you’ll need to have that loan secured before you even head to the new state to close on the home. Everything should be in order. This situation may be more challenging for you than a typical home purchase. Since big purchases affect your credit score, you’ll need to hold off on buying a car, furniture, or any major appliances that you may need. 


Get As Much Information As You Can


As a buyer who is from out of state, you’ll need to do your homework. Maybe you have visited the state many times before. Perhaps you know nothing about it. The more you know ahead of time, the easier that your transition will be. You’ll need to find recommendations about which neighborhood to search in. You’ll also want to learn a bit more about the lifestyle the area provides for activities like dining, entertainment, and recreation. You can learn a lot in the internet, but talking to locals- even a local realtor- can help you to find the right spot to live in. 


Find The Right Realtors


You’ll need to find the right realtors in both your home state and the state that you’re moving to. The seller’s agent will assist you in getting your old home sold. From marketing the listing to home showings to sending you all of the paperwork that you’ll need to sign, a seller’s agent is very valuable to someone who needs to move out of one state and into another. 


The buyer’s agent can help you in your new state, communicating with you on new listings and advising you on the neighborhoods that you’ll be the most happy in. Hiring these two realtors may be one of the most important steps in your feat of moving across two different states.


With the resources that are available online, moving from state-to-state isn't as hard as it may seem. Do your research for a smooth transition. Happy moving!





Posted by Classic Properties REALTORS ® on 12/9/2018

Selling a home for the first time can be tricky. In fact, first-time home sellers often make mistakes that prolong the home selling process. Perhaps even worse, these errors may cause a home seller to miss out on opportunities to optimize the value of his or her residence.

Now, let's take a look at three common mistakes that first-time home sellers make, as well as ways to avoid these problems.

1. Setting an Unrealistic Initial Asking Price

Although you might have paid a hefty sum for your house a few years ago, what your home was worth then is unlikely to match its current value. However, if you set an unrealistic initial asking price for your residence, you risk alienating dozens of potential buyers.

Before you set a price for your house, it pays to perform plenty of housing market research. That way, you can see how your home stacks up against the competition and price it based on the current real estate sector's conditions.

Furthermore, you may want to conduct a home appraisal prior to listing your house. Following a home appraisal, you'll receive a property valuation to help you establish a competitive price for your residence.

2. Failing to Provide Full Details About Your House

No home is perfect, and a home seller who withholds information about his or her residence risks wasting precious time and resources. To better understand why this may be the case, let's consider an example.

If a home seller fails to include information about a faulty heating and cooling system in a home listing, a buyer will be unaware of the problem. A buyer then may submit an offer on this house that a seller accepts. But during a home inspection, a property inspector likely will discover the defective heating and cooling system, which leads the buyer to rescind his or her offer. And at this point, the seller will have to restart the home selling process from square one.

When it comes to selling a home, it helps to be honest. If you provide full details about your residence, you can help a buyer make an informed decision and reduce the risk of that a purchase agreement will fall apart after a home inspection.

3. Choosing an Ineffective Real Estate Agent

A real estate agent should have a seller's best interests in mind. As such, this housing market professional will collaborate with a seller throughout the home selling journey to ensure a seller can optimize his or her earnings.

Unfortunately, not all real estate agents possess the same skills. But if you evaluate a variety of real estate agents, you can increase the likelihood of finding one who matches or exceeds your expectations.

Employ a real estate agent with a proven reputation. And if you're uncertain about whether a real estate agent can help you achieve your home selling goals, it usually helps to request client referrals from this housing market professional.

Streamline the process of selling your home – avoid the aforementioned first-time home seller mistakes, and you can boost your chances of enjoying a quick, profitable home selling experience.





Posted by Classic Properties REALTORS ® on 10/21/2018

If you want to streamline the home selling journey, it usually is a good idea to develop goals. That way, you can identify any potential home selling challenges and address them before you list your residence.

Ultimately, there are many problems that may arise during the home selling journey, and these include:

1. Poor Curb Appeal

How your home looks to buyers is key. If your residence fails to impress buyers when they see it for the first time, these individuals are unlikely to schedule a house showing. As a result, your home may linger on the real estate market for an extended period of time.

Devote time and energy to improve your house's curb appeal – you will be happy you did. By mowing the lawn, removing dirt and debris from exterior walkways and performing other home exterior upgrades, you can make your home an attractive option to buyers. You may even differentiate your residence from the competition – something that may lead to a successful home selling experience.

2. Cluttered Interior

If your home is full of personal belongings, you may want to remove some of these items. By doing so, you can show buyers the full potential of your residence.

For those who want to cut down on clutter, there are many options. Oftentimes, it helps to rent a storage unit that allows you to keep your belongings safe until your residence sells. On the other hand, if you want to get rid of excess items, you can host a yard sale, list your items online or give these items to family members, friends or local charities.

3. Exorbitant Home Price

An exorbitant initial home asking price may be an instant turn-off for buyers. Fortunately, if you analyze the local housing market and your residence, you can establish a competitive initial asking price for your home.

Evaluate the prices of available homes in your area that are similar to your own. Also, you may want to conduct a house appraisal and review an appraisal report. With this information at your disposal, you can price your house competitively.

As you get set to enter the housing market, you may want to employ a real estate agent, too. This housing market professional will help you establish realistic home selling goals, as well as determine the best steps to help you achieve your aspirations.

A real estate agent is committed to a home seller's success, and he or she will do what it takes to help you thrive. If you want to sell your residence as quickly as possible, for instance, a real estate agent can help you do just that. Or, if you want to optimize your house sale earnings, a real estate agent will ensure you can get the best price for your home.

Ready to add your home to the real estate market? Develop home selling goals, and you may be better equipped than ever before to enjoy a fast, profitable house selling experience.