Mike O'Keefe's Blog
When it comes to buying a house, there is no need to deal with a stubborn home seller. However, you may encounter a stubborn home seller, regardless of how well you prepare for your homebuying journey. And if you're not careful, a stubborn home seller may cause you to miss out on an opportunity to purchase your ideal residence.
Don't let a stubborn home seller get the best of you. Instead, use these tips to ensure you can handle negotiations with a stubborn home seller like a pro.
1. Don't Panic
If you are forced to deal with a stubborn home seller, there's no need to get discouraged. Conversely, consider the property seller's perspective, and you may be able to get the best results out of a tough situation.
Open the lines of communication with a home seller – you'll be glad you did. If you maintain open communication, you may be able to find out the root cause of a home seller's stubbornness and plan accordingly.
Also, don't panic if a home seller fails to communicate with you, and try to avoid assumptions at all costs. By doing so, you'll be able to remain calm, cool and collected and maintain your patience as you try to figure out the best way to acquire your dream house.
2. Be Prepared for the Best- and Worst-Case Scenarios
In the best-case scenario, a stubborn home seller will explain his or her demands. Then, you can negotiate with a home seller, find common ground with him or her and work toward finalizing a home purchase agreement.
On the other hand, it is important to understand the worst-case scenario as well.
In the worst-case scenario, you and a home seller may be unable to find common ground. And if this occurs, you should be prepared to walk away from a potential homebuying negotiation and restart your search for the perfect residence.
3. Consult with a Real Estate Agent
Are you unsure about how to deal with a stubborn home seller? There's no need to worry, especially if you consult with a real estate agent.
With an expert real estate agent at your side, you should be able to overcome any potential homebuying hurdles.
An expert real estate agent will act as a liaison between you and a home seller. He or she will learn about the needs of a homebuyer and home seller and ensure both parties can achieve their ideal results.
Furthermore, an expert real estate agent can respond to any homebuying concerns and questions. This housing market professional can teach you about the ins and outs of purchasing a residence and provide honest, unbiased homebuying recommendations. As a result, a real estate agent can help you simplify the homebuying process and ensure you can secure a first-rate house that matches or exceeds your expectations.
Ready to streamline the homebuying journey? Take advantage of the aforementioned tips, and you can get the support you need to deal with a stubborn home seller.
Is your house leaky? According to the EPA (US Environmental Protection Agency), household water leaks account for up to a trillion gallons of water wasted each year. According to their calculations, the average home leaks about ten thousand gallons annually or more than 90 gallons every single day. So how do you tell if your home is leaking?
First, pull out your water bills from the past year. Organize them by the months of colder weather when you’ll use less water for landscaping purposes and hotter weather when you’ll use more. In the winter months, December through February, the monthly average for a family of four should be under 12,000 gallons. If it’s more than that, you may have a leak.
Where does the leak come from?
The most common source of leaks is a worn toilet flapper or a dripping faucet. When you hear a hissing sound from the toilet tank, or it flushes randomly, you need to update the flapper. Dripping faucets start slowly, but unless you correct the problem, the leak only gets stronger. In fact, homeowners can save around ten percent on their water bills by merely fixing a few leaking fixtures.
How do you find them?
Turn off all the running water in your home, then read your water meter. Wait for two hours with no water use and then reread the meter. If the meter changes, it’s likely that you have a leak. Note that some water utilities have electronic meters with smartphone apps so you can track water leaks while you’re away from your home.
To determine if your toilet leaks, you’ll need some food coloring. Add one to two drops to your toilet’s tank. Wait for about 10 minutes to see if any of the colored water appears in the bowl. If you see it, that means your flapper does not seal properly and needs replacing. Once you’ve determined if it’s leaking, you should make sure to flush your toilet right away to completely expel the colored water from the tank to avoid staining your toilet bowl. A leaky faucet or showerhead is more straightforward. Often, you’ll see the drip coming from the fixture. Other times you’ll see a rust stain on the sink bowl or tub from the slowly dripping water. Other leaks can come from the connectors under sinks and behind toilets. If the valves are damp it could merely be condensation, so wipe them dry and leave them exposed to the air (leave cabinet doors open). Recheck them in an hour or two. Also, check for mold or mildew build-up since damp, leaky areas promote their growth.
Another area to find a hidden leak is in your landscaping. If your grass is greener in one area, or the ground sinks in when you step on it, you may have a broken sprinkler pipe. Landscaping and sprinkler professionals can trace the leak for you so that you can have it dug up and repaired.
How do you fix them?
If you’re handy, you can purchase a new flapper seal at your local hardware or DIY store. You’ll find instructions on YouTube, other websites or you can inquire about it while in the store. Leaky showerheads and sinks might need new gaskets, so start there. If your faucet’s fittings are inside walls, or it’s a complex system such as a touchless fixture, seek professional help in tracking down the leak and replacing seals and gaskets. Some leaks in valves and pipe joints only need plumber’s tape or pipe glue, but others might require replacing. To avoid flooding your home, let a professional handle the more complicated repairs.
For a referral to a plumbing or landscaping professional near you, ask your knowledgeable real estate agent.
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The home selling journey sometimes can be long and complicated. Lucky for you, we're here to address home selling challenges and ensure you can seamlessly list your house and maximize your home sale earnings.
Now, let's take a look at three tips to help you approach the home selling journey with confidence.
1. Learn About Your Home's Strengths and Weaknesses
Let's face it – even though you've allocated significant time and resources to upgrade your home over the years, your house is far from perfect. Fortunately, if you take an objective look at your residence, you can identify problem areas and address them before you list your house.
In many instances, it helps to conduct a house inspection prior to adding a home to the real estate market. This inspection enables a property expert to assess your residence and provide valuable feedback. Then, you can use a home inspection report to prioritize house improvements.
For home sellers, it is important to do everything possible to transform various home weaknesses into strengths. If you perform home repairs, you may be able to boost your house's value. Plus, completing home repairs may help you differentiate your residence from the competition and speed up the house selling journey.
2. Analyze the Real Estate Market
The real estate market moves quickly, and a buyer's market today could morph into a seller's market tomorrow, or vice-versa. If you learn about the real estate market, however, you may be able to identify opportunities to distinguish your residence from comparable houses in your city or town.
For example, if you find that houses are selling at or below their initial asking prices and take many weeks or months to sell, you may be operating in a buyer's market. To differentiate your house in a buyer's market, you may want to upgrade your residence's curb appeal. Also, it may be beneficial to set an aggressive initial home asking price that is sure to garner buyers' attention.
3. Work with a Real Estate Agent
When it comes to selling a residence, it helps to work with a housing market expert. If you hire a real estate agent, you can get the help you need to streamline the house selling journey.
A real estate agent is dedicated to helping you achieve the best-possible results. He or she first will learn about your home selling goals and craft a custom house selling strategy for you. Next, a real estate agent will promote your residence to the right groups of prospective buyers and set up home showings and open house events. And if you receive an offer to purchase your home, a real estate agent will provide a recommendation about whether to accept, reject or counter this proposal.
If you need assistance as you get ready to sell your home, you may want to contact a real estate agent. By working with a real estate agent, you can receive extensive support as you navigate the house selling journey.
As a first-time home seller, it can be difficult to determine exactly what you need to do to prep your house for the real estate market. Lucky for you, we're here to teach you what it takes to sell a house in any real estate market, at any time.
Now, let's take a look at three important questions that every first-time home seller needs to consider:
1. Am I ready to sell my house?
For many first-time home sellers, the answer to this question is a resounding "No," and perhaps it is easy to understand why.
Adding a home to the real estate market requires home sellers to conduct plenty of real estate research. By doing so, a first-time home seller can determine how his or her house stacks up against comparable residences that are currently available.
Also, it may prove to be worthwhile to complete a home appraisal. This assessment will enable you to identify your house's strengths and weaknesses and complete any property repairs immediately.
2. After I sell my house, where will I go?
It is important for a first-time home seller to think about the big picture. Thus, you'll need to consider where you'll go after you sell your residence.
If you think about where you'd like to relocate, you can start planning accordingly. In fact, you can establish a home selling timeline and find ways to make the most of the time and resources available to you.
In addition, if you need to relocate as soon as possible, this may have far-flung effects on how you market your residence.
A home seller who needs to move right away may be more likely that others to list his or her house at a below-average price. On the other hand, a home seller who can afford to be patient can wait out the real estate market if necessary.
3. What should I expect when my home hits the real estate market?
Unfortunately, the housing market offers no guarantees. This means a dedicated first-time home seller who goes above and beyond the call of duty to prepare a home may watch his or her house linger on the real estate market for months. On the other hand, a home seller who does minimal prep work may watch his or her house sell immediately.
When it comes to getting ready to add your house to the real estate market, there is no reason to leave anything to chance. With an expert real estate agent at your side, you can boost your chances of getting the best results during the home selling journey.
An expert real estate agent can answer any questions that you may have about selling your house. Plus, he or she will help you list your residence, promote it to potential property buyers and set up home showings and open houses.
Ready to add your house to the real estate market? Use the aforementioned tips, and any first-time home seller can seamlessly navigate the home selling process.