The Essentials for a Successful Open House

From the cleaning to the organizing to the small fix-ups around the house, there can be a lot of minor details that go into staging a successful open house. However, there are a few essential items you should be sure not to forget about when you prep your home for an influx of potential buyers.

Choose The Right Time

If you happen to be selling your home in the busy season, it’s important to set your open house at a time that gives potential buyers room to breathe.

While weekends are a popular time for open houses, you may want to choose a day or time that is a little different from other homes in your area. This means visitors to your home will be able to take their time and really see the details that make your home distinct and worth a second look.

The Exterior Speaks Volumes

With so much cleaning and so many small maintenance duties, it can be easy to forget about the first thing that guests will see when they show up at your doorstep, the exterior. However, this will provide the initial impression so you’ll want to ensure that it’s a positive one. Before organizing your open house, make sure the lawn is cleared and cut, the hedges are trimmed and your doorway is well maintained.

Make The Marketing Count

If you’ve primed your home for your open house, it’s important to ensure your marketing efforts are up to snuff and will get people through the door. While your real estate agent should feature your home and some professional photos on their website, you should also consider handing out flyers to your neighbors and advertising on social media to reach anyone who might be interested.

Engage All The Senses

It might sound strange, but a house that smells and sounds good in addition to a house that looks good can actually work wonders in swinging a buyer in the direction of your home. While having a clean, clutter-free place is ideal, you may want to consider baking beforehand or even leaving a little music on so people will feel relaxed and right at home.

There are a lot of little tricks that go into a successful open house and it’s important to utilize all of them to get the best results.

If you’re putting your home on the market, let me know and I’d be happy to assist you.

Maria Lopez
RE/MAX Advance Realty
(305) 467-0774
MLopez5020@gmail.com

The Best Way to Submit an Offer Below the Asking Price

You’ve found it: A large new home for your family. It’s in the area of the city that you love, with the perfect architectural style and lots of room for entertaining guests. It would have been perfect for you, but there’s only one problem – you’re not quite ready to pay the price the seller is asking for. You’ll have to put in an offer below the seller’s asking price – a risky move.

Although you will be rolling the dice with an offer below asking price, there are ways that you can increase the likelihood that your offer will be successful. Before you submit your offer, use these three strategies to make it more appealing.

Work Out Other Terms in the Seller’s Favor

If you’re going to ask for a lower selling price, it helps to show that you’re willing to compromise on other terms – that way, you come across as a reasonable human being and not a bargain hunter.

By offering to give the seller the better deal on other terms, you’re showing that you want to close a sale – and the seller will see you making an effort to come to an agreement and respond in kind.

There are several ways to do this. When you submit your offer, see if you can negotiate an arrangement that has you paying the closing costs or a closing date that works better for the seller. Or, offer to make the down payment in cash or give the seller a larger deposit.

Arm Yourself with Facts to Make Your Case

If the home you want to buy is priced well above fair market value, you can easily use that to your advantage and turn it into a benefit for the seller.

First, you’ll want to look up property values for similar homes in the area. You should also investigate how long it takes homes in that area to sell and the difference between the average asking and average selling price in the area.

If you can show the seller that their asking price is above their neighborhood’s average sale price or that their home has been on the market longer than the average home (or both), then you can make a strong case for a lower offer.

Submitting an offer below asking price can work, but it’s not something that should simply be done on a whim. It takes careful planning and a great strategy to actually win a bid if you’re coming at a below-asking price.

Feel free to reach out to me if you are or someone you know is in a similar situation and I would be happy to help in any way possible.

Maria Lopez
RE/MAX Advance Realty
(305) 467-0774
MLopez5020@gmail.com

This is Why Millennials Play a Major Role in Real Estate

Millennials are finally starting to enter the real estate market, but as is expected with a generation as different as Gen Y, they’re buying homes in a completely different way. Millennial buyers intend to own for shorter periods of time and want to live in metropolitan areas, and they’re also actively interested in real estate as an investment.

If you want to sell your home to a Millennial, you’ll need to change the way you stage and market the house in order to make the sale. Here’s how you can make your home more attractive to Millennial buyers without having to plan a massive renovation.

Millennials Want Investment Properties, Not Storybook Homes

One of the major characteristics that defines the Millennial generation is that they are nomads. Millennials don’t want to hear about how a property is the perfect place for them to live out their Happily Ever After. For a Millennial, marriage and kids and the white picket fence are still a long ways off – and that’s if they’re in the picture at all.

Instead, present your home as the ideal investment property – something they can easily renovate and flip for a nice, tidy profit, or something they can rent out to help pay their student loans. Millennials are entrepreneurial by nature, so appeal to that entrepreneurial zeal.

Convert an Unused Room into a Home Office

Millennials are also very career-minded and tend to be passionate about side projects. Millennials are leading the charge in the work-from-home movement, and the more easily they can see themselves working out of your home, the more likely they are to buy it.

If there’s a room in your home that you aren’t using, converting it into a home office will help you show Millennials that they can run their online business in a great environment.

Ditch the Carpets and Opt for Hardwood Instead

Millennials want their homes to look modern, and carpets will simply make them think of every 1970s stereotype there is. If you want to reach a Millennial buyer, an easy way to make them see your home as more desirable – and more valuable – is to tear out your carpets and replace them with hardwood flooring. Hardwood is also easier to clean, which will appeal to their desire for a low maintenance home.

Millennials have traditionally been difficult to understand, but an experienced real estate agent can help you navigate their market’s demands and stage your home in an appealing way.

Please feel free to reach out to me if you have any real estate related questions.

Maria Lopez
RE/MAX Advance Realty
(305) 467-0774
MLopez5020@gmail.com

How to Deal with Selling Your Home and Buying a New One at the Same Time

If you’re in the process of simultaneously buying and selling a home, you may be in for the most stressful experience of your life. One US-based real estate survey of over two thousand people found that buying and selling a house is more stressful than divorce, bankruptcy, a death in the family, becoming a parent for the first time, and even planning a wedding!

It’s not easy, but staying calm will help you to plan for your upcoming home purchase and sale and make the process easier. So how can you avoid the stress? Here are some strategies that will keep you calm, no matter what may happen.

Have a Thorough Plan in Place

Much of the stress that you’ll experience will probably be the result of poor planning. You may feel stressed if you don’t have enough time to move or if you have to pay mortgages on two homes because your old home isn’t selling fast enough.

Before you get too far into the buying and selling process, talk with a real estate agent and ensure you have a solid plan in place for how you’ll manage buying and selling at the same time. Leave a time and expense buffer for unexpected complications – even if nothing goes wrong, it’s still nice to know you have some room to work with.

Be Ready to Improvise if Things Go Sideways

There are a number of ways that buying and selling at the same time might result in complications. Poor timing might mean you need to move out before you have a home to move into, or it might mean you don’t have the money for your new home if your old home hasn’t sold.

Be prepared to rent a hotel room, take out a short-term loan, or move your belongings into storage if the sale doesn’t go according to plan.

Talk Out Your Problems with Loved Ones

In times of stress, it’s helpful to turn to friends and family for a helping hand. Studies have shown that having a strong social support network can mitigate the effects of stress, and even the Mayo Clinic suggests reaching out to loved ones when you feel overwhelmed.

Don’t be afraid to ask your friends for emotional support, and whenever you have an opportunity to socialize, take it – you’ll find it easier to handle stress after a fun night out with friends.

Buying and selling a home at the same time is bound to be stressful, but an experienced real estate agent can minimize the agony.

Contact me if you are thinking about moving and I’ll be happy to guide you through the process.

Maria Lopez
RE/MAX Advance Realty
(305) 467-0774
MLopez5020@gmail.com