Thomas Murphy - Pine Shores Real Estate



Posted by Thomas Murphy on 6/11/2017

Looking to add your home to the real estate market? Ultimately, you'll want to do everything you can to maximize the value of your residence.

For home sellers, getting the best price for a residence may seem virtually impossible at times. Fortunately, we're here to help you plan ahead so you can get the best price for your house as soon as it hits the market.

Now, let's take a look at three tips to help you optimize the value of your residence, regardless of the current real estate market's conditions.

1. Examine the Housing Market

When it comes to the real estate market, it is important to understand how your residence stacks up against the competition.

Collect housing market data to learn about the real estate sector. Then, you can establish a "competitive" price for your home and boost your chances of a quick home sale.

Typically, home sellers should look at the prices of currently available residences in their cities and towns. This will enable home sellers to understand the local real estate market and establish a price range for houses that are similar to their own.

Don't forget to review the prices of recently sold houses as well. With this housing market data in hand, home sellers can find out whether they are about to enter a seller's or buyer's market.

2. Complete a Home Appraisal

Let's face it – what your home is worth today is unlikely to match what you initially paid for your residence. If you have completed a wide range of home upgrades over the years, the value of your residence may have increased. Or, if you failed to maintain your house's interior and exterior, your residence's value may have fallen.

A home appraisal will enable you to learn about your house's strengths and weaknesses. This assessment is performed by a professional property inspector who will take a close look at your house's interior and exterior. After the assessment is finished, the property inspector will provide you with a report that can help you price your house appropriately.

If you want to boost your home's value after a home appraisal, you can always complete various home interior and exterior improvement projects. That way, you can enhance your house both inside and out and move closer to maximizing the value of your home.

3. Consult with a Real Estate Agent

A real estate agent is a difference-maker for home sellers, and for good reason. This housing market professional will do everything possible to help you prep your house and ensure you can receive the best price for it – without exception.

Usually, a real estate agent will set up home showings and open houses, negotiate with homebuyers on your behalf and much more. He or she will even provide honest, unbiased home selling recommendations to ensure you can streamline the home selling journey.

Don't leave anything to chance as you get ready to add your house to the real estate market. Use these tips, and you should have no trouble getting the best price for your house.




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Posted by Thomas Murphy on 5/7/2017

Like it or not, selling your home can be a tumultuous time. As such, you may experience a wide range of emotions after you add your house to the real estate market.

Some of the most common feelings that home sellers may experience include:

1. Excitement

Selling your home can be exciting. In fact, the home selling process represents a time of change, one that enables you to move on to bigger and better things.

For home sellers, the sheer volume of home selling options may excite you as well. At this point, you'll need to consider the asking price for your home, whether to complete various home improvement projects and other home selling essentials. Plus, you'll need to consider where you'll go after you sell your residence.

With an experienced real estate agent at your disposal, you should have no trouble staying excited throughout the home selling process. Your real estate agent will ensure that you have a plan in place to sell your house and relocate after it sells.

Furthermore, your real estate agent will keep you informed about home showings, offers on your residence and much more. He or she will do everything possible to stir up interest in your home and create plenty of excitement about your residence among potential homebuyers too.

2. Sadness

When the time comes to finally leave your home, it can be difficult to relocate.

Sadness is common among home sellers, particularly as the home selling process progresses. For example, you may feel sad as you look back on all of the great memories of your house. And after you receive an offer on your residence, you may start to realize that your time in your current residence is running short.

If you ever feel sad during the home selling journey, reach out to your real estate agent. He or she is available to support you through the ups and downs of the home selling journey. Also, your real estate agent understands the challenges associated with selling a house and is happy to support you in any way possible.

3. Elation

Elation arrives on the day that you sell your house. At this time, a homebuyer will be ready to purchase your residence, and you and the homebuyer have agreed to terms. Now, you just need to finish the final paperwork, and you will complete the home selling journey.

Your real estate agent understands that the home selling journey may seem endless at times. However, this professional will offer expert recommendations and suggestions to ensure you can get the best results possible.

In addition, your real estate agent wants the home selling process to be seamless. To accomplish this goal, he or she will allocate the necessary time and resources to promote your residence to potential homebuyers. By doing so, your real estate agent will make it simple to accelerate the homebuying journey.

Employ a real estate agent to help you sell your house, and you can speed up the process of selling your house.




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Posted by Thomas Murphy on 10/30/2016

Your home's wood floors have experienced heavy foot traffic over the years. As a result, they are scratched and battered and must be improved before you can add your home to the real estate market. Unfortunately, it may prove to be costly to have a professional floor refinisher remove wood floor scratches. And as a home seller who has already invested in a number of home repairs, the last thing you need is another hefty home repair bill. So what does it take for home sellers to remove wood floor scratches on a budget? There are many fast, cost-effective ways to eliminate scratches on your wood floors, including: 1. Disguise the Scratches. You may be able to use a crayon or marker to camouflage your wood floors' scratches. Wax sticks also are available at just about any home improvement store and contain stain and urethane that can help you cover up scratches and safeguard your floors' finish. In addition, you may want to try mixing colors to find the right combination to match the color of your hardwood floors. But remember, hardwood floors boast a combination of hues and tones. Therefore, even if you're unable to find the right blend of colors, you should be able to cover up white scratches instantly if you apply similar colors from crayons, markers or wax sticks. 2. Leverage a Combination of Vinegar and Olive Oil. Using a mixture of vinegar and olive oil may help you minimize scratches on your wood floors as well as transform your ordinary floors into dazzling ones. Typically, you'll want to pour a mixture that is equal parts vinegar and olive oil onto the affected area of your wood floors. After 24 hours, wipe off the mixture, and you should notice a significant improvement. It is important to note that this mixture won't deliver instant results every time. However, applying a new coat of vinegar and olive oil onto an affected area of your wood floors over the course of several days may help you eliminate scratches altogether. 3. Use Sandpaper to Your Advantage. Lightweight sandpaper may prove to be an ideal option to fix wood floor scratches. For instance, you can sand the affected area of your wood floors, use wood filler on this area and seal the area accordingly. This may allow you to enhance the appearance of your wood floors and ensure they look brand new. Keep in mind that you may need to sand, fill and seal an affected area of your wood floors a few times to eliminate scratches. But home sellers who remain persistent can use sandpaper to their advantage and minimize scratches on their wood floors without delay. Getting your home ready to list on the real estate market sometimes can be tricky, but your real estate agent can help you find ways to help your residence stand out in a competitive real estate market. In fact, this real estate professional can offer expert insights and ensure you can find ways to maximize the value of your house. Work toward improving the wood floors in your home, and you may be able to speed up the process of selling your residence.





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 aren’t taken in advance. Let’s 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: It’s 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 children’s 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. You’d 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. It’s 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 you’re 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 8/7/2016

real estate shopping onlineSellers beware! Most sellers realize there will be a bit of negotiation once an Offer to Purchase is made on their property. Sellers may receive an offer that is lower than what their property is listed at. In this case it is common for the seller to counter that offer, the counter to be accepted or denied at the discretion of the potential buyer. Due to the anticipated negotiation process, it may seem like it would make sense to put your house into MLS at a value far over the value that you understand your property is worth. Sellers feel that if their end game is receiving X amount of money for their house, if they list it at X+15, and after negotiations accept their originally desired amount of X, it seems like they participated willingly in negotiations and accepted below asking price for the sake of the buyer. This idea is good in theory, but does not actually work to the benefit of the seller for the following reason: Listing your house at the exact price you're looking to receive allows for maximum exposure potential via MLS. In order to search for a listing on MLS, you must enter a minimum and maximum price range. Buyers seeking homes at your desired price of X will not see your listing in their MLS search because of the additional 15 you've added to your listing price. Their search will be cut short at X and as a seller, you will lose potential buyers. For more information on allowing for maximum exposure potential for your property please contact me!