Anthony Joseph Real Estate LLC



Posted by Anthony Joseph Real Estate LLC on 10/11/2018

If you get an offer to buy your house, there is no need to make a snap decision. Instead, it generally is a good idea to allocate the necessary time and resources to analyze an offer and determine the best course of action.

Ultimately, there are lots of reasons why you should analyze a home offer, and these include:

1. You can boost the likelihood of getting the best price for your house.

An offer may fall at, above or below your house's initial asking price. However, regardless of the offer that you receive, it pays to perform a full evaluation to ensure you can maximize the value of your residence.

For many home sellers, it is beneficial to conduct a home appraisal prior to listing a residence. That way, when a home offer arrives, a seller can compare the proposal to a property valuation and proceed accordingly.

2. You can weigh the pros and cons of all of your options.

Let's face it – deciding whether to accept, reject or counter a homebuying proposal can be tough. Luckily, analyzing an offer enables you to weight the pros and cons of each option, making it easier than ever before to make an informed choice.

Oftentimes, creating a list of pros and cons can be helpful. This list will enable you to assess the advantages and disadvantages of each potential home selling decision. Then, you can use your list to guide the decision-making process.

3. You can receive expert housing market insights before you finalize your decision.

Imagine what it would be like to take a data-driven approach to decide whether to approve a homebuying proposal. Now, you can, thanks to the wealth of housing market data that is readily available to sellers.

As a home seller, you should have no trouble examining the prices of comparable houses that recently sold in your city or town. You then can use this housing market data to determine whether a proposal is "fair" based on the current real estate market's conditions.

Of course, as you assess a home offer, it often helps to collaborate with a real estate agent. This housing market professional knows exactly what it takes to sell a house – regardless of the real estate market's conditions. As such, he or she will enable you to conduct an in-depth review of any homebuying proposal, at any time.

A real estate agent also is happy to help you after you determine whether to accept, reject or counter a proposal. If you accept an offer, a real estate agent will help you move forward with the home selling journey. Or, if you reject an offer, a real estate agent will show you how to promote your house to potential buyers to boost your chances of receiving better proposals in the future. And if you counter an offer, a real estate agent can negotiate with a buyer's agent on your behalf.

Evaluate a home offer closely – you'll be glad you did. If you perform a deep analysis of a homebuying proposal, you can assess a home offer from multiple angles and make the best-possible decision based on your individual needs.





Posted by Anthony Joseph Real Estate LLC on 8/23/2018

Deciding whether to submit an offer to purchase a house may prove to be difficult. Fortunately, we're here to help you weigh the pros and cons of submitting a homebuying proposal so you can make the best-possible decision.

Now, let's take a look at three tips to help you determine whether now is the right time to submit an offer to purchase a residence.

1. Evaluate Your Budget

If you believe you've found your dream home, you should take a look at your budget. That way, you can verify whether you'll be able to afford this residence both now and in the future.

Oftentimes, it helps to get pre-approved for a mortgage before you start a house search. If you meet with banks and credit unions, you can learn about all of the mortgage options at your disposal. Then, you can select a mortgage that allows you to pursue a house with a budget in hand.

2. Consider Your Homebuying Criteria

You want to discover your dream residence as quickly as possible, but it is paramount to find a house that you can enjoy for years to come. If you have a list of homebuying criteria, you may be able to quickly determine whether a residence is right for you.

As you craft homebuying criteria, think about what you want to find in your dream residence. For instance, if you've always wanted to own a house on a beach, you can narrow your home search accordingly. On the other hand, if you would like to own a home that has an above-ground swimming pool but can live without this feature if necessary, you should include an above-ground swimming pool as a low-priority item on your homebuying checklist.

3. Assess the Housing Market

The housing market often fluctuates, and a buyer's market today may shift into seller's favor tomorrow. If you analyze the housing market closely, you can differentiate a buyer's market from a seller's one. You then can decide whether to submit an offer to purchase or hold off on providing a homebuying proposal until housing market conditions improve.

To distinguish a buyer's market from a seller's market, it generally is a good idea to look at the prices of recently sold houses in your city or town. You also should find out how long these residences were available before they sold. By reviewing this housing market data, you can assess the demand for houses in your city or town.

Lastly, as you debate whether to submit an offer to purchase a residence, you may want to consult with a real estate agent. This housing market professional is happy to provide honest, unbiased homebuying recommendations. As a result, a real estate agent can help you perform an in-depth evaluation of a home and determine whether to offer to buy this house.

Make an informed decision about whether to submit an offer to purchase a residence – use the aforementioned tips, and you'll be better equipped than ever before to decide how to proceed with any house, at any time.




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Posted by Anthony Joseph Real Estate LLC on 3/7/2018

Once you decide to buy a home, you need to buckle in because you’re in for an emotional roller coaster. You need to be prepared for any type of situation. You’ll need to hunker down and save a significant amount of money for a downpayment. Securing the financing for your home will be at the top of your list. You just don’t want to find the home of your dreams only to find out that your offer is rejected, leaving you in a giant puddle of letdown. 


If you have already experienced the pain of having your offer rejected on a home, fear not. Below, you’ll find some of the most common reasons why offers get rejected and what you can do about it. 


You Can’t Afford The Home


If you try and get a house that you can’t afford, chances are that your offer will be rejected. You need to find a reasonable price point to shop for a home. Make sure that your real estate agent understands your budget and won’t show you homes that are above your budget. If you know you won’t be able to resist, you definitely shouldn’t risk finding a home that you love and is above your budget. 


There Was A Better Offer


Especially in highly competitive markets, it’s easy for bidding wars to arise. A “war” may be avoided if buyers offer an amount far above the asking price. You always want to keep your offer as close to the asking price as possible. Never assume that other buyers will bid lower than the asking price. If you think like a seller, you’ll have a better shot at getting the home of your dreams.     

 

Don’t Ask For Too Much


Nothing annoys a seller more than too many contingencies. Many buyers can get carried away here. It’s a good idea to speak with your realtor about the reality of what you hope to get in return for purchasing the home. Your agent can help you to figure out what’s a necessity to ask to be done in the home and what isn’t. 


You Didn’t Get Pre-approved


Getting that pre-approval letter is oh so crucial to finding the right home. The seller wants the process to go as smoothly as you do. That means you need to get pre-approved before you even head into the field to search for a home. Some sellers may also only consider bids made by buyers who have been pre-approved. 


If you do your research, you’ll be able to compete in any type of housing market. All you have to do is be prepared!  

  


To get your offer accepted on a home you love, you need to do your homework. As a buyer, you want to keep the needs of the seller in mind. Although you want the best deal for yourself, you're more likely to get a property that you want if you compromise a bit. 





Categories: Uncategorized  


Posted by Anthony Joseph Real Estate LLC on 10/9/2014

After lots of searching you have found the house that you'd like to call home. Next step, you'll need to make an offer. Purchase contracts vary from state to state but a basic offer includes the price you're willing to pay for the house, your financing terms, and contingencies. When it is time to put your offer on paper you will want to make sure it is well planned. There are seven key elements to a good offer: 1. A realistic offering price In order to put forth a great offer you will want to set your price based on similar homes recently sold in the neighborhood. Your real estate agent will help you look at comparable properties to determine that price. You will also want to keep in mind the state of the market in your area. If homes are selling quickly and receiving multiple offers, you'll need to bid competitively. If home sales are slower you may want to be a little more conservative in your offer. 2. Realistic financing terms Always make sure you are pre-approved for a loan before making an offer. Include proof that you are pre-approved with your offer, many lenders will give you a letter. 3. A property inspection clause A home inspection clause will give you a chance to have the property inspected. You will want to use a professional home inspector to thoroughly inspect the property you are buying. 4. Any concessions or contingencies Sometimes there are additional items that should be covered in the offer. You will want to outline any concessions like closing costs or repairs. If you are financing your home you will need to include a financing contingency. 5. Conveyances Always put in the offer what is included in the sale. For instance, a washer and dryer or any other items that are included in the sale of the property. 6. A deadline An offer should always include a deadline for a response. 7. It is all in writing Everything should always be in writing. Never rely on verbal agreements.