Wednesday, August 16, 2023 / by Sherry Platt-Huang
When it comes to selling a home, it's commonly believed that the highest offer always comes out on top. But that's not always the case. Here are three scenarios where the highest offer may not be the winning one:1. Cash is king: A seller will often prioritize an all-cash offer because it eliminates financing risks and instills confidence.2. Speed matters: If you can close the deal quickly, it can give you an edge, particularly if the seller has a tight timeline.3. No contingencies: Offers without any contingencies, such as inspection or appraisal contingencies, can be highly appealing to sellers as they minimize potential complications and delays.Remember, while offering a competitive price is essential, it's crucial to consider other factors that may influence a seller's decision. Each seller has their own unique priorities. ...
Wednesday, June 7, 2023 / by Sherry Platt-Huang
Selling a home is no simple task. It requires planning, strategizing, and a bit of market understanding to get the best deal. But even the most seasoned home sellers can occasionally trip up. So, to help you navigate the process with ease, here’s a list of common mistakes to avoid when selling your home.
1. Overpricing Your Home: Pricing your home correctly is a delicate balancing act. Sellers often inflate their property’s price due to emotional attachment or simply overestimating its value. However, an overpriced home could scare off potential buyers and languish on the market. To avoid this, conduct a thorough comparative market analysis (CMA) or hire a professional appraiser. Set a competitive, realistic price to attract the right buyers.
2. Neglecting Repairs: Before listing your property, make sure it’s in prime condition. Small defects like a leaking faucet, damaged flooring, or faulty appliances can deter buyers. It’s a common mistake to assu. ...
Wednesday, May 24, 2023 / by Sherry Platt-Huang
The journey of buying a home can be a thrilling, yet sometimes complex process. One of the most critical stages is the closing, which marks the official transfer of ownership from the seller to the buyer. For many, the time it takes to close on a home may seem like a mystery. In this blog post, we’ll break down the key factors that influence the closing timeline and provide helpful tips to ensure a smooth, timely closing process.
The Closing Process: What Factors Determine the Timeline?
Closing on a home typically takes between 30-45 days, but this can vary depending on several factors. Here are the most common elements that influence the timeline:
1. Mortgage Pre-Approval and Loan Processing
One of the first steps in the home-buying process is obtaining mortgage pre-approval. This process can take anywhere from a few hours to a few days. Once you’ve found a suitable property and have an accepted offer, the loan processing begins. This incl; ...
Wednesday, May 18, 2022 / by Raysun Frost
Our nation is in the midst of a serious housing crunch. Last year, a lack of inventory and soaring prices left many would-be homebuyers feeling pinched. But now, with interest rates climbing, many of them are also feeling desperate to lock in a mortgage—which has only added fuel to the fire.1
Fortunately, if you’re a buyer struggling to find a home, we have some good news. While it’s true that higher mortgage rates can decrease your purchasing budget, there are additional ways to compete in a hot market.
Yes, a high offer price gets attention. But most sellers consider a variety of factors when evaluating an offer. With that in mind, here are five tactics you can utilize to sweeten your proposal and outshine your competition.
At Homes by Raysun with OMNI, we can help you weigh the risks and benefits of each tactic and craft a compelling offer designed to get you your dream home—without giving away the farm.
Read on to find outt ...
Tuesday, May 3, 2022 / by Enrique Castillon
Whether you have been house hunting lately or just browsing Zillow fantasizing with those big beautiful homes that most people can't afford, you have seen how fast houses are selling. This has been a popular topic recently and if you have been following me on social media, you've heard me talk about this deep seller's market we are in. The combination of limited inventory and historically low rates has created rapid home appreciation and a very competitive environment for buyers. There are a number of different ways real estate professionals measure the strength of the market and one of those ways is through months supply of inventory.
One of the ways real estate professionals know if we are in a buyer's market or seller's market is through technical measurements like months supply of inventory. If you aren't involved in the real estate world, you have probably never heard of this term before, but that all changes today! Months supply of inventory (also commonly referred to a ...