Thomas Murphy - Pine Shores Real Estate



Posted by Thomas Murphy on 8/12/2018

Let's face it there is no shortage of buyers competing for the top residences. However, there are many things you can do to rise above the homebuying competition, and these include:

1. Review the Local Housing Market

The housing market fluctuates. In some instances, the housing market may favor buyers. Or, in other cases, it may favor sellers.

If you analyze the local housing market closely, you can differentiate a buyer's market from a seller's market. You then can map out your homebuying journey accordingly.

To distinguish a buyer's market from a seller's market, you may want to look at available houses in your city or town. If homes are selling just days after they become available, a seller's market may be in place. Comparatively, if houses linger on the real estate market for an extended period of time, the real estate sector likely favors buyers.

2. Get Pre-Approved for a Mortgage

With pre-approval for a mortgage, you will know how much you can spend on a house. Then, you can narrow your house search to residences that fall within your price range.

To get pre-approved for a mortgage, you should meet with a variety of lenders. These financial institutions can teach you about many mortgage options and help you choose home financing that suits you perfectly.

Of course, selecting a mortgage can be difficult, regardless of whether you are a first-time or experienced homebuyer. But if you ask mortgage questions and perform a comprehensive home financing analysis, you can choose the right mortgage without delay.

3. Establish Homebuying Criteria

Homebuying criteria is a must, particularly for those who want to seamlessly navigate the property buying journey. Because if you enter the real estate market with homebuying criteria in hand, you can speed up the process of finding your dream residence.

As you craft homebuying criteria, you should try to define your dream house. Think about the features you want to find in a home. You next can include these features as "must-haves" on your list of homebuying criteria.

In addition, consider where you want to reside. If you hone your house search to residences in a select group of cities and towns, you may be able to quickly discover a great home that you can enjoy for years to come.

For those who require extra help during the homebuying journey, you may want to hire a real estate agent, too. In fact, with a real estate agent at your side, you can receive in-depth assistance as you pursue your ideal house.

A real estate agent understands what it takes to navigate any housing market, at any time. He or she will help you search for residences that match your expectations. Plus, if you have any homebuying concerns, a real estate agent will address them right away.

Gain a competitive advantage over rival homebuyers use the aforementioned tips, and you accelerate the process of finding and purchasing your dream residence.




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Posted by Thomas Murphy on 8/5/2018

A home showing offers a wonderful opportunity for a home seller, as it enables this individual to promote his or her residence to a potential homebuyer. But after a home showing is finished, how should a home seller proceed?

Ultimately, there are several steps that a home seller should expect following a home showing, including:

1. Waiting for a Response from the Homebuyer

The time between when a homebuyer views your home and when he or she provides feedback about a home showing may seem endless. However, home sellers should remain patient and understand that what happens immediately following a home showing often is beyond their control.

Remember, you only get one chance to make a positive first impression on a homebuyer. And if you went above and beyond the call of duty to enhance your residence before the home showing, you've likely done everything you can to put your best foot forward.

On the other hand, if you failed to clean up the kitchen, remove clutter from the basement or perform other home repairs and maintenance, there is no time like the present to get started on these home improvement tasks. Even if an initial home showing was far from perfect, you can always learn from it and allocate time and resources to enhance your house's appearance for future showings.

2. Consulting with Your Real Estate Agent

Your real estate agent will serve as a liaison between you and a homebuyer and keep you up to date with feedback about the home showing.

If the home showing was successful, your real estate agent may come to you with an offer on your house. In this scenario, you'll have a short period of time to decide whether to accept, reject or counter the proposal.

Or, if the home showing was unsuccessful, there is no need to fret. Your real estate agent will be able to share a homebuyer's feedback with you, which may help you discover ways to improve your home.

3. Enhancing Your Home

As a home seller, you may need to host many home showings to stir up lots of interest in your property. And with an experienced real estate agent at your disposal, you should have no trouble getting your home ready for home showings.

Your real estate agent understands what it takes to garner interest from homebuyers. Thus, this real estate professional will offer recommendations and suggestions to help you improve your home quickly and effortlessly.

Also, your real estate agent is available to respond to your home selling concerns and queries. That way, if you're uncertain about how to make your home stand out from the competition, your real estate agent will be able to provide insights and tips to help you do just that.

Collaborate with a real estate agent, and you can streamline the home selling process. This housing market expert will do everything possible to assist you before and after a home showing and ensure that you can promote your residence to the right homebuyers consistently.




Tags: Tips on selling  
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Posted by Thomas Murphy on 7/29/2018

No one should be forced to deal with a long, complicated home selling journey. Fortunately, there are many things a seller can do to navigate the property selling journey like a pro.

Now, let's take a look at three tips to help you enjoy a quick, profitable home selling experience.

1. Analyze the Housing Market

You may have entered the housing market in the hopes of enjoying a seamless property selling experience. Yet the real estate market offers no guarantees. But if you analyze the housing sector closely, you can gain the insights you need to price your home appropriately based on the present market's conditions.

Take a look at the prices of available homes in your city or town that are similar to your own. This housing market data can help you see how your residence stacks up against the competition. It also may help you determine how to price your residence so you can ensure it garners lots of attention from potential buyers.

Furthermore, don't forget to assess the prices of recently sold houses in your area, as well as how long these residences were available before they sold. If homes are selling quickly, a seller's market may be in place. Or, if homes linger on the real estate market for many weeks or months, the current housing sector may favor sellers.

2. Perform Home Upgrades

For those who want to speed up the home selling process, improving your house's curb appeal is ideal. Because if your home boasts amazing curb appeal, you can make it easy for buyers to fall in love with your house.

To bolster your residence's curb appeal, you should mow the lawn, repair any damaged siding and perform other home exterior improvements. That way, your house is sure to impress buyers as soon as they see it for the first time.

In addition, allocate time and resources to transform your home's interior from drab to fab. If each room of your home dazzles, buyers will have no trouble envisioning what life may be like if they purchase your house.

3. Hire a Real Estate Agent

Generally, it helps to hire a real estate agent if you are selling your home. And if you have a real estate agent at your side, you can quickly and effortlessly promote your residence to the right groups of buyers.

A real estate agent will offer recommendations to help you upgrade your residence's interior and exterior, set up home showings and open house events and much more. Plus, if you are ever unsure about how to proceed along the property selling journey, he or she is happy to offer home selling advice.

For those who prepare for the home selling journey, it may not take long to sell a house. If you take advantage of the aforementioned tips, you can plan ahead for each stage of the property selling journey. As such, you will be able to navigate this journey like a pro.




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Posted by Thomas Murphy on 7/22/2018

Before you launch a home search, it helps to prepare for the property buying journey as much as possible. Fortunately, there are many things you can do to get ready to find your dream house.

Now, let's take a look at three tips to help you prep for a home search.

1. Establish Homebuying Criteria

If you know you want to buy a home, it generally is a good idea to define your ideal residence as well. That way, you can streamline your house search.

Consider where you want to reside. For example, if you work in the city, you may want to focus on houses in or near the city itself. On the other hand, if you plan to return to school, you may want to search for a home near top colleges and universities.

Think about what features you want in your ideal home, too. If you have always wanted to own a home that boasts a luxurious outdoor swimming pool, for instance, you can map out your home search accordingly. Or, if you want to purchase a residence that features a state-of-the-art kitchen, you can search for a home that offers this amenity.

2. Get Pre-Approved for a Mortgage

A mortgage typically is a must-have, regardless of where and when you search for a home. And if you enter the housing market with a mortgage at your disposal, you will know precisely how much you can spend on a residence.

Getting pre-approved for a mortgage can be simple. If you meet with banks and credit unions in your area, you can review your options and select a mortgage that complements your finances.

If you have concerns about home financing, don't hesitate to ask questions. Banks and credit unions employ courteous, diligent mortgage specialists who can respond to your home financing queries. As such, you can work with these specialists to gain the home financing insights you need to make the best-possible mortgage decision.

3. Hire a Real Estate Agent

As you get set to conduct a home search, there is no need to work alone. If you hire a real estate agent, you can collaborate with a homebuying expert who can take the guesswork out of finding and purchasing a house.

A real estate agent is happy to provide guidance throughout the homebuying journey. He or she can offer tips and recommendations to ensure you can find a terrific home at a price that matches your budget. Plus, a real estate agent will simplify the process of setting up home showings. Perhaps best of all, if you are uncertain about whether to submit an offer to purchase a home, a real estate agent is ready to provide insights to help you analyze all of your options.

Dedicate time and resources to prepare for the homebuying journey. By doing so, you can enter the housing market with the insights you need to succeed.





Posted by Thomas Murphy on 7/15/2018

There is no reason to stress about the home selling journey. In fact, there are many things you can do to enjoy a quick, seamless property selling experience.

Now, let's take a look at three tips to help you streamline the home selling journey.

1. Enhance Your House's Curb Appeal

Curb appeal is a key part of the house selling process. If your residence boasts amazing curb appeal, you may be able to speed up the home selling cycle.

To enhance your house's curb appeal, you may want to mow the lawn, trim the hedges and perform other lawn maintenance tasks. Also, it may be beneficial to fix any cracked or damaged siding and conduct other home exterior repairs to bolster your house's appearance.

If you require assistance with home exterior projects, you may want to reach out to professional contractors too. That way, you can receive expert support as you upgrade your home's curb appeal.

2. Eliminate Clutter

For those who have a large assortment of items that are longer needed, there may be no time like the present to get rid of these items. By doing so, you can show off the true size of your living space to prospective buyers.

If you are in a rush to eliminate clutter, you can host a yard sale or sell excess items online. Or, you may want to donate excess items to a local charity or give them to family members or friends.

In addition, if there are items you want to keep but store outside your house, you can rent a storage unit. With a storage unit at your disposal, you can secure a broad array of items until your residence sells.

3. Collaborate with a Real Estate Agent

A real estate agent can help you navigate the home selling cycle and will go the extra mile to ensure you can quickly and effortlessly sell your house. As such, if you work with a real estate agent, you can achieve the best-possible results throughout the home selling journey.

Usually, a real estate agent will meet with you, learn about your house selling goals and help you plan accordingly. Once a home selling strategy is in place, you and a real estate agent can work to put this plan into action. Then, you and a real estate agent can work together to enjoy a fast, profitable home selling experience.

As you proceed along the home selling journey, a real estate agent is happy to provide plenty of assistance. Therefore, if you are unsure about how to price your residence, a real estate agent will help you establish an aggressive initial asking price. On the other hand, if you are uncertain about whether to accept an offer to purchase your residence, a real estate agent can help you make an informed decision.

Ready to enjoy a quick and easy home selling experience? Take advantage of the aforementioned tips, and you can navigate the home selling journey like a pro.




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