Realtors ® Answer What Makes Gets Homes Under Contract

Dated: 06/30/2018

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Under the Roof News Letter:Real Estate news eXPLAINED

By Brett Young Multi Million Dollar Producer

Serving Clients Since 2000

Call    216-703-5740              or                   602-363-6551

 

Getting our clients Real Estate Needs Done

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How To Sell That Extremely Hard House To Sell

 

There are homes out there that are very hard to sell because of their condition and location. Location can be difficult if your in a city that does a lot of inspections and homes with tenants. If a home needs a lot of work that the seller does not want to do.
This article comes from 
http://www.streetdirectory.com/ by Tom Beaty that talks about mostly financing a property and some creative ways to do it. I love the title.....
Some homes have issues that need to be attended to when you are trying to sell a home. For example we sold two homes for a client that had tenants in them and they were not being reasonable about letting potential buyers see the homes. I had to get involved with the property manger and we made sure the home could be shown and sold them. There was a similar issue with this clients other tenants and we dealt with the issue and the home is closing this week.
Lori my wife that is also an agent is really good at getting the city paperwork finished and making sure the sellers are being updated on their properties. Follow ups is very important to getting these issues done.
Other homes are just need a lot of work and cannot sell at market value or most home buyers do not want to handle a remodel job. These homes can set on the market for a long time if your agent does not know how to market to other buyers.
We are closing on a home that has basement issues and it was fully disclosed with a quote in the repairs. We advertised to people and investors that look for homes in that area. We sold the home and both parties got a great deal on the home and it is now being rehabbed.
When a home is extremely hard to sell you need a Realtor that can assist in getting cost of getting the home rehabbed and ready to live in or rent. We also deal with a lot of cash buyers that can get your home sold as is and no fuss. I recently bought a home from 2 estates that needed to sell. Both parties were very happy that we purchased the homes quickly and at a fair price.
Getting extremely hard to sell homes or any home sold is what we are great at. I'm Brett
216-703-5740
EXP Realty Ohio and 602-363-6551 EXP Realty Arizona. Let's get coffee and chat about your real estate needs. 
 

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Attention Realtors

Learning how to Create your own Marketing system to get a ton a leads 6/23/18

 

Remodeling Home in Pepper Pike Ohio 

Making a home like new and in a great location is rare, this ranch home is in Pepper Pike Ohio. I shot a video of the work we have started. We will be getting new updates weekly to watch the process until we are finished. This home will have a new kitchen, flooring, Windows, Interior and Exterior Paint. An much much more

 

Needing a first floor master bedroom? Remodeled home om Pepper Pike? We have one that will be priced in the mid $300's Call me I'm Brett 216-703-5740 EXP Realty Ohio. Getting a nice home in today's real estate market can be a chore. 

 

Look at this one before it goes on the market

      

We have Buyersthat want your home

 
We have many buyers that want to buy a home.We have already sold over a ton of real estate this year and we can sell yours. With our unique marketing plan and years of experience we get real estate done. Please call me I'm Brett 216-703-5740 EXP Realty, you can also click on the link below and get me your information there also.

Click here to to get more information on selling your home

 

Live Your Life: Let us do the rest for you 

 
 

Making your life a lot easier by handling all your Real Estate Needs.


We have you covered Call 216-703-5740 for your private consultation.

 

Tired of being a Landlord and need to Sell your home? 

Click here to email us 

 

CallBrett 216-703-5740 or

Lori 440-695-3379

We can get your property SOLD Quickly Let us help 

Want to Sell your Home Fast?We've sold 100's of homes

 

 

 

Getting Real Estate Estate Done is not rocket science with a Seasoned Agent. We get you home sold quickly with our No Stress Listing Package. We SOLD 100's of homes just like yours.

 

Call 216-703-5740 Century 21 Premiere 

 

Real Estate Agents Answer:What Makes A Winning Offer? 

 
This is an article from https://www.forbes.com/ by Tara Mastroeni , that trys to answer the question What makes a winning offer. In today's real estate market in a lot of areas that sell quickly and you need to know how to write offers that get accepted.
""If it is really a home you like, I would suggest making an offer that's as close to the list price as possible, if not above. Most desirable homes are getting multiple offers within the first week of being on the market, so offers below list price are not even being reviewed. Of course, you should only offer up to where you feel comfortable, but if you want to be competitive against multiple offers, make sure your offer is your highest and best.""
 
Look at the area and the price, you can get reports from your agent on how fast homes sale in the area you are looking at. For example if you see low days on market then you would want to consider paying market price and make sure your financials where strong for the purchase. 
 
The way a buyer is financing a home is a large part of a sellers decision making on an offer. For example is it an FHA, VA, Conventional, Cash or Private. The more money down shows the strength on the buyers and that is usually a great sign that they will close the home. You can also have a larger escrow deposit to show how much you want the home. 
 
" I always encourage buyers to write a letter to the seller introducing them to who they are and why they're interested in the home. I suggest keeping it short and easily digestible – two paragraphs at most. The first paragraph can be about exactly how they felt when they first walked in to the property, and the second is about the buyer themselves, so that the seller can feel a strong emotional connection to them."
 
I have never done this, but it could be a great way to get a home. In today's real estate market this might be a great way to do it. I did have a seller that wrote a note to my buyers that was very nice. She actually purchased them a gift card at the local nursery so they could get some plants. Nice
 
" Do whatever you can to eliminate risk from your offer. Often buyers want to add a laundry list of contingencies – like inspections or the sale of their current home – to the offer for their own benefit. However, the seller is trying to reduce all potential for a buyer to back out of an offer and accepting an offer multiple contingencies is a risk. I encourage my clients to do some homework and really prioritize their contingencies to include only the essentials."
 
Contingencies are a risk, but inspections and appraisals are usually ok with sellers. Selling a home to purchase, long closing, items a buyer adds to the contract is always going to be a red flag.  I had a home for sale and the buyer needed 6 months to qualify for the home. That is usually a big no! This buyer added $70,000 to escrow and made it non-refundable. That is a strong offer and the buyer will close the deal or lose $70,000. There are ways to make strong offers when you need to add contingencies. 

" "Agreeing to buy the home "as is" essentially means that you are agreeing to purchase the home in its current condition and releasing the sellers from the responsibility of making any repairs. In this case, any inspections the buyer elects will be for informational purposes only, meaning that any repairs will be the buyer’s responsibility. This move is attractive from the sellers' point of view because it increases their net profit.""
 
You can still inspect the property, you just are not asking the seller to repair anything. These offers are usually on homes that need work and your not paying market price for them. If you have a team that knows the cost of repairing something then you can get the approximate cost of any repairs. 
 
We do as is deals all the time and have a detailed quote for our client to repair the items needed. This allows them to have more homes that they can purchase. 
 
I hope this helped you in writing a winning offer. If you need an agent that has all the services you will need to buy any home I'm Brett call 216-703-5740 EXP Realty Ohio and 602-363-6551 EXP Realty Arizona. We can also go get some coffee and discuss your real estate needs  

 

 

Some reasons real estate professionals want you to stop watching HGTV

 
This article is a very informative article that shows what agents laugh about in some of these shows. I was watching love it or list it show and watched this property being rehabbed at a very fast pace. They added on to the home and it seemed like it was very easy and took no time. That is simply not the case when you are working with a city and inspectors. This article comes from http://www.foxnews.com/ by Katie Jackson | Fox News
""The No. 1 problem with real estate television shows is that they significantly shorten the amount of time that almost anything takes, for the purposes of advancing the narrative,” explains Kevin Deselms. The Hollywood film-editor-turned-Colorado-Realtor®, says this gives his clients unreasonable expectations for timelines. For example, on “House Hunters” — which has been publicly called out for misleading viewers — prospective buyers only view three houses. That, and a lot of editing, is how home purchases happen in less than 30 minutes. (TLC’s hit show “Trading Spaces” practically invented the 48-hour room transformation, but the show also caught a lot of flak for leaving homeowners with things like shoddy work, wet paint and unfinished flooring.) "
 
It sometimes takes looking at a lot of homes before you find the perfect home. I recently found a home for a couple and we started looking last October. Sometimes it takes time when a buyer has specific needs and has to find a certain home. The rehab also takes time and it needs to be done correctly. 
 
We are currently rehabbing a home and the windows where ordered late last month and they were just installed on June 22nd. We had a budget we needed to meet and had to order the windows from a contractor that was backed up for orders. 

""I wish clients would stop watching HGTV so I can stop explaining that negotiations occur over a couple of days through emails, not on the phone in a coffee shop," says Evan Roberts, a real estate agent and founder of Dependable Homebuyers. The typical televised scenario that takes a matter of seconds (there’s no such thing as phone tag on TV) is very misleading, he says. "Buyers should expect that the sellers are busy living their lives as well.""
 
That is true sometimes, and if you have a seller that needs to sell their home it goes quickly. We are buying a home for a client and the seller is in China, we are getting the documents signed at the American Embassy. That is taking some time. You can also have sellers that need time to consider the contract and counter. With email and cell phones it can get done fast, but not always. 
 
Negotiating is an art for Realtors that know how to do it. It takes transactions and knowing how to look at a home and what the market is for the areas. I recently closed a deal that took 2 months to negotiate, we got our price and the my client was happy. 

""HGTV shows like to feature flips with full kitchen and bath remodels because the before-and-after shots make for more compelling viewing,” says Bobby Montagne, CEO of Walnut Street Finance, who also counts himself a fan of “This Old House” because it’s more slowly-paced. “In fact, aspiring fix-and-flippers are often better off doing small-scale renovations that just need carpet, paint and some freshening up, especially for their first projects.” Montagne says smaller budgets, less room for error, and less time on the job often equal the ROI winning combination."
 
Kitchens can cost a lot of money if you do not know where to get supplies. For example we can get cabinets that cost as low as $2000 for a whole kitchen. There are other nice upgraded cabinets that can cost a little more. The time and man power to do new kitchens needs to be done quickly. Getting the new upgrades you want

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Brett Young

With over 17 years in the real estate industry, Brett’s primary focus has been on the improvement of housing in neighborhoods . He cooperates well with other brokers and agents that have clients in ....

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