Samson Kimani - REALTOR® - RE/MAX Welcome Home | Taunton, MA Real Estate, Avon, MA Real Estate


Once you have gone through the pre-approval process and have narrowed down your home search, there’s a good chance you’ll soon find a place that you want to make an offer on. This can seem like a huge step for any first time homebuyer. Even seasoned home buyers feel butterflies when the time comes to make an offer on a home they love. Before you even start your home search, you should become educated on how to make a good offer in order to land the property that you really want. There’s so many factors that effect your offer including the surrounding properties and the current state of the market. Here are a few very important pieces of advice that you should heed in order to have a successful time securing a home and closing the deal. 

Craft A Persuasive Offer

In many areas there’s a low inventory of homes and a high number of those seeking to buy. This means that you’re not guaranteed to get a property that you have made an offer on. Lowball offers might not be at all competitive and even insulting to sellers in certain markets. Often, you may need to make an offer of more than the asking price if you’re in love with a home. By working with your real estate agent and doing the right research, you can craft an offer on a home that will be compelling for sellers.    

Decide On Your Contingencies 

Once an offer has been accepted, it’s time to get to work on those contingencies. Be especially mindful of financing contingencies. If something falls through in the process, you’ll want to be sure you can get the deposit you made back. Also keep in mind that sellers love reliable buyers who have already been preapproved.  

Home inspection contingencies are another area of importance. After you sign the purchase agreement and the inspection is complete, you’re allowed to ask the seller to make repairs or provide you with a counter offer. While this can be one of the more nerve-wracking aspects of home buying, it has many positives. Home inspections protect buyers from purchasing a home that they can’t live with in cases of extreme mold, termites and other environmental and structural issues. 

The appraisal contingency is also important. In order for you to qualify for a loan, the property must be appraised. The property must be valued at or above the purchase price. A loan will only be approved by a lender up to the appraised value. If your home loan is $400,000 but your home of choice is appraised at $390,000, you’ll have a problem.       

Your Finances Matter Until You Get To The Closing Table

Don’t go crazy with all kinds of purchases before you reach the closing table. Opening a new credit account at your favorite furniture store, for example, could lead to a disastrous surprise on closing day. Hold off on big purchases until after you secure your home. Also avoid making large transfers or deposits from your bank account. don’t do anything to negatively affect your credit score

  

Know What To Bring To The Closing

Don’t show up to the closing for your home purchase unprepared. You’ll need to have the following items: 


  • Photo ID
  • Checkbook
  • Cosigners 



Think Ahead


Be sure that you think of the future when you’re purchasing your home. You’ll need to have enough cash flow to pay for things like property taxes, home insurance, utility bills and even new furniture for your home. Plan your future mortgage payments accordingly. Some companies have payments that are monthly or bimonthly. 


While buying a home is a huge undertaking, with the right plans in place, the process will be as seamless as possible. With the right plans, the moving truck will be pulling into the driveway before you know it.      


You can't help but admire people who have an independent spirit and are determined to do things on their own. It's reminiscent of early pioneers who lived by the belief that "God helps those who help themselves." While it may be true that qualities like self sufficiency and initiative can help you get ahead in life, there are instances in which it makes sense to team up with an expert. You can't always go it alone, and when the stakes are high -- like in real estate sales -- the last thing you want to do is try to reinvent the wheel! Advantages of Working With a Professional Realtors and real estate agents know the ropes, when it comes to the intricacies of marketing a home, finding qualified buyers, and negotiating the best possible deal. If you attempt to sell your own house without the benefit of an agent, you'll be facing a steep learning curve and a lot of potential pitfalls. Perhaps one of the most compelling reasons for hiring a real estate agent is that time is of the essence. From the minute you put your house on the market, the clock is ticking. If your property is still on the market after a few months, then its perceived value will start to drop. Many people will assume there's something wrong with it -- whether it's a diamond in the rough or a polished gem! Real estate professionals are not only attuned to the pulse of the local marketplace, but they can guide you through the often complicated process of selling a home. Here are a few of the many ways that agents can simplify your life, help you avoid costly mistakes, and increase the probability that you'll receive top value for your home and sell it in the shortest possible time.
  • Home staging: By taking advantage of their knowledge and expertise, you can make sure your home is presented in its best light. Your agent should advise you of cost-effective ways to improve your home's curb appeal and correct any potential issues on the inside that may detract from its marketability.
  • Salesmanship: A good real estate agent is skilled in the art of persuasion, establishing rapport with people, and helping them focus on both the positive aspects of your home and its future potential. Many homeowners, on the other hand, tend to either undersell or oversell the desirability of their property. Their lack of objectivity can also cause them to overprice their house, resulting in lost opportunities.
  • Negotiating skills: One of the skill sets that real estate agents have is negotiating the terms and final price of a home. Since they do this for a living, a seasoned real estate agent has the practical experience, knowledge, and insights to help you get the most value for your home. They generally know how to push the envelope, without pushing too hard. Homeowners who attempt to negotiate a real estate sale on their own may make one or more "fatal errors," which can derail a potential sale.
If you're unsure whether you want the help of a real estate agent or Realtor in finding a buyer, handling the paperwork, and jumping through all the legal and regulatory hoops that real estate transactions involve, then test the waters, first. Set up a meeting with a couple different real estate agents and pick their brains. That way, you'll be sure to make an informed decision when you decide which path to take in selling your home.

What happens if you receive an offer on your home that fails to meet your expectations? Ultimately, you may want to decline the offer. But before you do, there are several questions you'll want to consider, including:

1. Is the offer "fair"?

Let's face it – one home seller's definition of a "fair" offer may differ from another's. However, an informed home seller will be able to differentiate a "lowball" offer from a strong proposal.

A lowball offer typically fails to account for a home's condition and the current state of the housing market. As such, this proposal may fall far below a home seller's initial asking price.

On the other hand, a strong proposal may meet or surpass a home seller's initial asking price. This offer likely accounts for a home's strengths and weaknesses, along with the needs of a both the homebuyer and home seller.

2. Are there any other offers on the table?

If you receive an offer on your home, you'll probably have one to two days to decide how to proceed. And if you have multiple offers in hand, you likely have a lot to think about in a short period of time.

In some cases, the best offer is not necessarily the highest offer, and for good reason.

For instance, a homebuyer may submit an offer on a home that exceeds a home seller's initial asking price. But if this homebuyer has not been pre-approved for a mortgage, he or she likely will need to obtain financing to proceed with a home purchase.

Conversely, a homebuyer who has been pre-approved for a mortgage knows exactly how much money is at his or her disposal. When this homebuyer submits an offer, he or she may be better equipped than other homebuyers to acquire a residence.

3. Can I afford to be patient?

Consider your timeline as you debate whether to decline an offer.

If you're in no rush to sell your home, you can afford to be patient with offers on your house. Or, if you want to relocate to a new address as soon as possible, you should price your home aggressively from the get-go.

4. If I decline an offer, what will happen next?

After you decline an offer on your home, the homebuyer has the option to submit a new proposal or move on to other houses.

As a home seller, it is important to take an informed approach to home offers. With a real estate agent at your side, you should have no trouble making the best decisions on any proposals.

A real estate agent understands the ins and outs of the housing market and can help you evaluate all offers on your residence. He or she can provide you with honest, unbiased real estate recommendations and ensure you can get the best results during the home selling journey.

Collaborate with a real estate agent – you'll be glad you did. A real estate agent will enable you to evaluate home proposals and maximize the value of your house.



37 Anawan St, Taunton, MA 02780

Single-Family

$340,000
Price

7
Rooms
4
Beds
3/1
Full/Half Baths
This is the Home You been Waiting For!!! Spacious Raised Ranch, 4 bedrooms 3 bathrooms almost 2472 sqft of Living Space. Open Concept Lay Out , Living Room ,Dining and Kitchen. Hardwood Floors in Common areas. Good Size Bedrooms, Wall to Wall Carpet. Updated Kitchen and some appliances. Bonus room next to the Dining that could be used as Play area or Office Space. The Finished Basement could be used as Family Room, Man Cave , In law Suite , Home Business ...... the List is endless. Well Maintained Deck Overlooking the Fenced back yard . Plenty of Yard to entertain your Guest. Newer Roof and Gas unit . One Car Garage First Showing Open House Saturday 10-11.30am
Open House
Saturday
March 31 at 10:00 AM to 11:30 AM
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37 Anawan St, Taunton, MA 02780

Single-Family

$340,000
Price

7
Rooms
4
Beds
3/1
Full/Half Baths
This is the Home You been Waiting For!!! Spacious Raised Ranch, 4 bedrooms 3 bathrooms almost 2472 sqft of Living Space. Open Concept Lay Out , Living Room ,Dining and Kitchen. Hardwood Floors in Common areas. Good Size Bedrooms, Wall to Wall Carpet. Updated Kitchen and some appliances. Bonus room next to the Dining that could be used as Play area or Office Space. The Finished Basement could be used as Family Room, Man Cave , In law Suite , Home Business ...... the List is endless. Well Maintained Deck Overlooking the Fenced back yard . Plenty of Yard to entertain your Guest. Newer Roof and Gas unit . One Car Garage First Showing Open House Saturday 10-11.30am
Open House
No scheduled Open Houses

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