Thomas Murphy - Pine Shores Real Estate



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!





Posted by Thomas Murphy on 7/3/2016

Independent studies have confirmed that deploying particular scents in a home for sale can dramatically increase the home's appeal to a potential buyer.  With that being said, what is the best way to go about changing your home's "scentmosphere"? 1. - The Friend Test - Often times, we get used to particular scents in our home, so much so that we don't even notice that they're there.  Litter boxes, old couches, bathrooms, and bedrooms can all breed their own "scentmosphere", and some can be more noticeable and offensive than others.  Have a friend come over and, well.....Smell your home.    Your friend doesn't live in your home.  They can pick up on things that you may not be able to, like the smell of dirty laundry, a musty-smelling finished basement, or a well-lived-in bedroom.  These "other person" smells can turn off a buyer in a heartbeat.  If you are a smoker, then stop smoking inside while your house is on the market.  Keep children's rooms tidy and clean-smelling. 2. - Kitchen Comfort - There are many scents that can be utilized in the kitchen to make it more appealing.  Candles, lemon wedges chopped up into a garbage disposal, cinnamon sticks in the oven, and fresh-cut flowers can be utilized for this purpose. Some people swear by citrus scents, others by baked goods, but it really boils down to personal preference.  Lavender has been shown to produce a calming effect, and fruit scents like apples and peaches can carry classier undertones. 3. - Subtlety is key.  You want a noticeable "scentmosphere", but not one that is overpowering.  Pick your scents accordingly.  If you overdo it, people may think you're trying too hard to cover something up.  Remember that because we breathe, we smell things constantly.  Each individual smell shouldn't be strong enough to cover multiple rooms in your house.  You don't want your entire downstairs to smell like the cinnamon you have in the kitchen.  Likewise, a fresh lemon scent all over the entire house can make it seem like there are smells that will creep into the "scentmosphere" once the lemon scents wear off.  Less is more.  





Posted by Thomas Murphy on 5/29/2016

Believe it or not, your unfinished basement can make or break your home in the eyes of a prospective homebuyer. And ultimately, your basement may dictate whether a homebuyer makes an offer or considers other residences. An unfinished basement represents an opportunity for home sellers around the country. And those who devote the necessary time and resources to improve the quality of their homes' unfinished basements could reap the rewards of a fast sale. So what does it take to revitalize an unfinished basement? Here are three basement improvement tips that every home seller needs to know about: 1. Use floor mats. Your basement's concrete floor likely remains cold and unattractive. Fortunately, foam mats can help you add a splash of color and improve your basement floor's appearance instantly. Foam mats come in a variety of shapes and colors, ensuring you'll be able to find mats that fit your basement floor beautifully. Plus, these mats can help you showcase the true value of your unfinished basement to prospective homebuyers. Whether homebuyers want to use an unfinished basement as a workout area, a den or a workspace, you can leverage floor mats to create an awe-inspiring setting that helps transform a bland basement into an exceptional one. 2. Install storage. Want to show off the massive amount of space available in your home's unfinished basement? Installing shelves and using storage units to your advantage enables you to highlight how an unfinished basement can serve as a great storage area. From storing sports gear to tools and everything in between, your basement can serve as a one-of-a-kind storage space that enables you to keep excess items out of sight. And with the right storage units in place, you'll have no trouble showing prospective homebuyers what it's like to stay organized and maximize the space available in your unfinished basement. 3. Stop the moisture. Notice a wet, damp smell that lingers across your basement? Moisture likely is the culprit behind this odor. However, you can eliminate moisture and the associated smell by picking up a dehumidifier. With a dehumidifier, you will be able to eliminate moisture without delay. And in the event of moisture that causes leaks and puddles in your basement, you may need to consider weatherproofing your basement to keep moisture at bay consistently. When it comes to your unfinished basement, you'll want to do everything you can to ensure it serves as an asset – not a liability. But those who are committed to improving the quality of an unfinished basement can take the right steps to minimize moisture and its associated odor. Remember, your unfinished basement is an important part of your home. And even though your basement may be one of the final areas a prospective homebuyer examines, you'll want to make this space as attractive as possible. Enhance the quality of an unfinished basement to ensure this space can help you boost your home's attractiveness to prospective homebuyers. By doing so, you may be able to increase your residence's value and generate interest in your home from a wide range of homebuyers.





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 8/23/2015

Trying to buy and sell a home at the same time can be tough. Sometimes these buyers and sellers are referred to as being in a sandwich because they are in the middle. The reason this can be difficult is because there is no guarantee that your new home will close at the same time as your old home. Selling and buying a home at the same time is possible but you will need help. Here are a few tips on how to get into your home while closing on your own home: 1. Hire a real estate professional. This is almost an impossible task without having a seasoned professional by your side. There are lots of details that go into selling and buying and an experienced real estate professional will know just what to do to get you to both closing tables. 2. Sell first, and then buy. This is probably the easiest and safest plan. List your home for sale and secure a buyer. You can either close on your home before purchasing another one, or ask the buyer for a contingency to allow you time to find a new home before closing on the previous one. There are many advantages to selling first, it allows you to know how much you can spend on a new home, and you don’t have to worry about temporary financing. 3. Try to schedule the closing date on the purchase of your new home on the same day, but after the closing on the home you are selling. This way, you can stay in your present home until you move into your new one. Bottom line, when it comes to selling and buying a home use the expertise of your real estate professional. Your plans may change depending on your circumstances and your local market.