Thomas Murphy - Pine Shores Real Estate



Posted by Thomas Murphy on 10/23/2016

Selling your home can conjure up a variety of emotions, ranging from exuberance to sadness. If you associate your home with raising a family or starting a life with your spouse, then putting it on the market can be a bittersweet experience. In addition to the emotional side of things, there's also the stress that inevitably comes with change and uncertainty. Putting your house up for sale raises several fear-based questions in your mind, such as "How long will it take to find a buyer?" On the average, houses remain on the market for a month or two, but it's not unusual for it to take much longer. To complicate matters: If you're in the position of selling your home before you have another one to move into, then your stress level is probably even higher. Although some factors are outside of your control, such as ever-changing market conditions, there are a few ways you can tip the scales in your direction. Pick the Right Real Estate Agent The real estate agent or Realtor you choose can make a big difference in how fast your home sells and the price it ultimately sells for. A seasoned agent can also make the whole experience a lot less stressful by providing regular progress reports and helping you navigate through the various disclosures, inspections, and paperwork that's required. An exceptional real estate pro will also provide you with valuable advice on how to improve the marketability and appearance of your property. Since "time is of the essence" when you put your home up for sale, it's important to get as many qualified prospects walking through your house, as possible. Good salesmanship, competitive pricing, and sharp negotiating skills can also help bring in bonafide offers on your property -- possibly even multiple offers. Stress Reduction Tips For Home Sellers In addition to having the support of a dependable real estate agent, there are also other strategies you can use to maintain your equilibrium.

  1. Make lists of all the things that need to be done, so that you don't wake up in the middle of the night wondering if you forgot to do something important. Staying mentally organized is one of the keys to feeling like you have some control over all the chaos that's going on in your life. Writing things down is also the first step to getting them completed. Keeping track of appointments, documents you need to gather, and professionals to confer with can also help prevent delays, miscommunication, or confusion.
  2. Schedule time for recreation, entertainment, and physical activity. Selling a home can bring with it a lot of ups and downs, so activities like socializing with friends, going for a walk in nature, or meditating can help maintain a positive outlook and a more balanced perspective on things.
Perhaps the most desirable attitude to adopt is to expect the best, but be prepared for temporary setbacks. While it's true that some properties languish on the market for months, countless others have been scooped up by eager buyers in the first week or two on the market. It depends on a lot of factors, including preparation, excellent timing, and a smidgen of good luck!





Posted by Thomas Murphy on 8/21/2016

Open houses are essential for selling your home. They give buyers the opportunity to tour your home and visualize them living there. But an open house can also have a negative affect on buyers if the proper steps arenít taken in advance. Letís take a look at the tips below to help ensure a successful open house. Clean & Organize: It is very important to clean and organize your home before your open house. A clean home gives the buyers an opportunity to see the home for what it is, and not all of your stuff and clutter. While touring your home, it will give the buyers the opportunity to visualize themselves living in the home and how they would set up each room. Clutter makes it difficult to do this as it makes rooms look smaller and covers up the true potential. Remove Personality: Itís best to remove your personality from your home when selling, and especially before an open house. You can always add your things back in after the open house. Things like pictures and picture frames, your childrenís drawings on the refrigerator, other personal belongings, and so on. Removing your personality and creating a neutral home will better allow for buyers to visualize themselves living there and making it their own. Photos & Video: Since online research is often the first step one takes in the home buying process, the photos and video of your home will be the first impression that a buyer has. And you want to make that the best first impression possible. Having amazing photos of your home and posting them with your listing and online will likely attract more interest and therefore attracting more buyers to your open house. Photos that are not so great may make even the most amazing home seem drab and not worth the travel to the open house. The photos you place online could make or break a homebuyers interest and desire to see more. Social Media: Utilizing social media is the best way to get the word out about your home being on the market and your upcoming open house. Realtors and agents are already using it, but you should also be taking advantage of it. Sharing or creating posts of your online listing and asking your friends to share will only benefit you. Youíd be surprised how many will comment on posts to tag their friends and family. It may bring more buyers and in turn speed up the sale of your home. Follow these tips for the most successful open house possible. Itís important to be mindful of the market and your home when determining what successful means, but what is important is an offer or multiple offers if youíre lucky. So spruce up your home and follow these tips and you should be on your way to placing a sold sign in front of your home in no time.





Posted by Thomas Murphy on 11/22/2015

What do buyers want in a home? Is it location? Is it size? Could it be an endless list of amenities ? According to a survey done by The National Association of Homebuilders, they want all of the above. According to the survey, buyers say they want a home that is approximately 2,000 square feet. Unfortunately, only†one-third of the current homes on the market have 2,000 or more square feet of livable space. Most homes†are nearly 40 years old and don't have many of the amenities buyers want. So what is a seller to do? If your home is smaller than what most buyers want, play up on your homes good points. Here are some other features buyers want that could help overcome the objection to the homes smaller square footage. Location: Buyers may consider a smaller home if it's located in the†best school district or in a great commuter location. Possibilities: A smaller home may have†potential for expansion, making the home suddenly more appealing. Great space: The home may not have the square footage buyers want, so show off the space it does have.†Remove any furniture that doesn't complement the home, making the home seem spacious and uncluttered. If your home is smaller than what many buyers want,†emphasize the amenities that it does have. Help buyers see the potential in your home. Don't let them rule it out just because its current condition doesn't meet all of their needs.    





Posted by Thomas Murphy on 9/20/2015

It is common question that real estate professional get; what is my home worth? Unfortunately, it is a question that does not have an exact answer. There are ways to determine about what your home is worth. You may find online estimates that say one thing but is that a true test of what the market will bear? So, how can you really determine what your property is worth? 1. Consider Solds-Look at other comparable homes in your area that have recently sold. This will give you a good idea what buyers are willing to pay. 2. Consider Under Agreements/Pendings-Although it is difficult to tell what a home has sold for before it closes you may be able to tell the demand in a price range. Look at the asking price of the home and how long it was on the market. If you see a trend of homes going under agreement quickly you may assume they are going closer to the asking price. 3. Consider Active Listings-Real estate is about competition just like any other commodity. It is important that your home be competitively positioned against other comparable listings. The asking price is a part of the†marketing plan of the home. 4. Online Values-Be wary of online estimates. The very definition "online" takes the human factor out of determining the value. †A computer program cannot take into account the nuances of location, home style and home condition. 5. Sell It-The only way to know a home's true market value is to sell it. At the end of the day a home is only worth what a buyer is willing to pay.  





Posted by Thomas Murphy on 3/15/2015

Buying property can definitely be a very lucrative investment. However, before you decide on buying and selling real estate, you have to have a good understanding of the markets. In other words, if you are looking to buy so that you can sell down the road to make a profit on your real estate, then you are better off achieving this when the housing market is slow, as there is less demand for buying houses, thus forcing sellers to lower their prices. This in turn will allow you to get a home at the lowest price possible, and then being able to sell it at a higher price once the markets begin to move again. Of course, investing in real estate is not only about the current conditions of the housing market. In addition, you also have to look at other factors such as the location the real estate will be in, the condition of the real estate, and the reason why the owner is looking to sell. In the end, buying and selling real estate carries the same risks as any other type of investment, and the only way to avoid these risks is through proper research. More importantly, you will be spending a good amount of money on real estate compared to other types of investments, and so you want to make sure that your money is well spent. By keeping these valuable points in mind, you will be able to find the right property to invest in.