Cheryl Caldwell - William Raveis - The Dolores Person Group

Posted by Cheryl Caldwell on 3/29/2019

As a home seller, it is essential to do everything possible to promote your house to the right groups of property buyers. However, as you approach the finish line of a home sale, you may encounter a "persistent" homebuyer. And if this happens, the home selling process may come to a screeching halt.

A persistent homebuyer may be more likely than others to demand home improvements or a price reduction to finalize a house sale. As a result, you may need to decide whether to accommodate this homebuyer's requests, continue to negotiate with him or her or walk away from a potential home sale altogether.

So what does it take to deal with a persistent homebuyer? Here are three tips to help you do just that.

1. Understand the Housing Market

Are a homebuyer's requests valid? If so, they are likely to be based on housing market data. Therefore, if you analyze the housing market closely, you can better understand a persistent homebuyer's demands and proceed accordingly.

Take a look at the prices of comparable houses in your city or town. By doing so, you can determine how your house's price rates against the competition.

Also, don't forget to assess the prices of recently sold homes in your area. This housing market data will help you understand the demand for houses in your city or town and determine whether you're operating in a seller's or buyer's market.

2. Stand Your Ground

A persistent homebuyer may be in a hurry to purchase your house. As such, he or she may push you to make rash decisions that may not be in your best interest.

For home sellers, it is important to take a step back and evaluate all aspects of any home selling decisions. And if you feel uncomfortable with a homebuyer's requests, you should feel comfortable walking away from a possible home sale.

Ultimately, declining a homebuyer's requests and walking away from a home sale is far from ideal. On the other hand, doing so will allow you to reenter the housing market and restart the home selling journey with a fresh perspective.

3. Consult with a Real Estate Agent

If you're unsure about how to deal with a persistent homebuyer, you're probably not alone. Lucky for you, real estate agents are available nationwide to help you handle tough negotiations with any homebuyer, at any time.

A real estate agent understands the art of negotiation and can share his or her housing market expertise with you. That way, you can get the support you need to make informed decisions at each stage of the home selling journey.

Perhaps best of all, a real estate agent will respond to your home selling queries as the property selling journey progresses. No question is too big or too small for a real estate agent, and this housing market professional is happy to answer your home selling questions time and time again.

Take the guesswork out of dealing with a persistent homebuyer – use these tips, and you can boost your chances of getting the best results from the home selling journey.

Posted by Cheryl Caldwell on 11/3/2017

It may not look like it, but a one level house can be as roomy as a two story home. Newer one level homes are designed with highly functional open floor plans. Colonial or ranch style roofs give these homes a traditional appearance, making them look as if they are two floors instead of one from the outside.

Because a one story house may be longer or wider than a two story house, you may get more yard with a one story home. Both housing structures offer rewards and limitations. Following are key features, including pros and cons, that are good to consider when trying to decide whether you want to buy a one level house or a two story home.

Square footage – If you live alone, you may not need or want much space in your home. You may be happy with a house that’s 900 square feet. A small, one level home may cost less while giving you all the room that you want. Should you have a large family, you may want 900 square feet of space on each floor, for a total of 1,800 square feet of living space.

Functionality– Houses that are designed with lots of rooms and doors may feel cramped, even if there is a lot of square footage in the house. Do you want a house that allows you to keep an eye on young children? Not only could an open floor plan help meet this need, so too could a one level house. On the other hand, if you have older children and want them to have a great deal of privacy, a two story house could prove best. A two story house would allow your older children to spend time upstairs in their bedroom for an hour or two while you had free reign on the house’s first floor.

Physical health – Arthritis and other health challenges could make it hard to climb stairs. Other challenges that stairs cause include children falling down stairs and older pets having to climb stairs. If you plan on living at your house for several years, think about what your lifestyle will be like a few years after you move into the house. Right now, you may not mind climbing stairs each time you do laundry, head to bed or retrieve an item from your bedroom. Yet, five to six years later, you may not want to climb stairs so frequently. Having older parents living with you is another point to consider when thinking about whether to buy a one level or a two story home.

Number ofrooms – Two story homes tend to have more rooms with doors. You may want roomswith doors for office space, bedrooms for teenage children or guest space. Ifyou plan on renting out a portion of your home, a two story house is almost amust.

Think about the different ways that you will use your home. For example, if you plan on using your home to conduct business, a two story house may prove more efficient.That way, you could use one level for the business and another level solely for family.

Categories: Real estate   buying a house