Pat Baker - REALTY EXECUTIVES Boston West



Posted by Pat Baker on 7/28/2017

Many home sellers face a dilemma. In most instances, it is important to set a competitive price for your property to stir up plenty of interest in it. Conversely, it is essential to explore ways to maximize the value of your residence.

For home sellers, establishing the right price for your house is key. By doing so, you can set a price for your home that meets your needs as well as homebuyers'.

What does it take to establish the right price for your residence? Here are three tips to ensure home sellers are equipped to do just that.

1. Study the Housing Market Closely

The housing market fluctuates constantly. As such, what your home was worth yesterday may not be what it is worth today.

If you study the housing market closely, you can price your residence based on the current real estate sector's conditions. Thus, you'll be better equipped than other home sellers to garner attention from homebuyers and accelerate the home selling process.

Examine the prices of comparable houses in your area, along with the prices of recently sold houses similar to your own. This will make it easy for you to establish "fair market value" for your property and price it accordingly.

Also, don't forget to conduct a home appraisal before you add your home to the real estate market. With a home appraisal, you'll be able to receive comprehensive insights into your home's condition and complete home repairs to boost its value.

2. Set Home Selling Goals

Do you want to sell your house as quickly as possible? Or are you looking to optimize the value of your home, regardless of how long it remains on the real estate market?

Set home selling goals prior to adding your house to the real estate market, and you can establish a fair price for your residence.

For example, if you want to sell your house so you can relocate quickly, you may want to price your residence competitively. On the other hand, if you can afford to be patient, you can always wait out a buyer's market to maximize the value of your residence.

3. Hire an Experienced Real Estate Agent

Your real estate agent will play a key role in your ability to sell your house and get the best price for it. And if you employ an experienced real estate agent, you should have no trouble accomplishing your home selling goals.

With an experienced real estate agent at your disposal, you can receive extensive support throughout the home selling process. This real estate professional will offer expert tips and advice to help you get your property ready for the real estate market. In addition, he or she can offer guidance about how to price your home competitively, whether to accept or reject a homebuyer's offer and more.

Collaborate with an experienced real estate agent, and ultimately, you can simplify the process of selling your home.




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Posted by Pat Baker on 7/14/2017

You recently listed your home on the real estate market, and now, you've received your first offer. However, you only have a short period of time to review the proposal and accept, reject or counter it. Determining how to handle an offer on your home can be challenging. Fortunately, we're happy to help you fully evaluate an offer so you can make an informed decision. There are numerous factors to consider as you review an offer on your house, including: 1. Price In some cases, homebuyers may submit a "lowball" offer in the hopes of getting a seller to jump at a quick sale. If a home seller accepts this offer, a homebuyer is able to purchase a terrific home at a bargain price. Conversely, if a home seller rejects or counters the offer, a homebuyer may have an opportunity to reconsider his or her options. As a home seller, you should consider how much you are willing to accept for your residence before you add it to the real estate market. By doing so, you can list your home for a fair price and act quickly and effectively as you receive offers. Also, flexibility is paramount for home sellers. And even though you may list your home for a particular price, you may want to consider accepting an offer below your initial asking price if you're looking for a quick sale. 2. Sale of a Buyer's Home Although a homebuyer may submit an offer that is at or above your initial asking price, the proposal may have strings attached that could slow down the home selling process. For instance, a homebuyer could make an offer that is contingent upon him or her selling a residence within a set period of time. But if this homebuyer is unable to sell his or her house, your home sale could fall through, which could cost you both time and money. In this scenario, consider your options carefully. If you believe you can receive other offers from homebuyers who don't require this contingency, you may be better off rejecting or countering the proposal. 3. Your Timeline If you've already secured a new home and need to sell your current residence as quickly as possible, you may want to consider accepting an offer even if it is below your initial asking price. On the other hand, if you are able to afford two mortgages for an extended period of time, you may be better equipped to wait out a slow real estate market. When it comes to determining whether to accept an offer on your residence, consulting with your real estate agent usually is a great idea. This professional can offer expert resources you might struggle to find elsewhere and empower you with the insights you need to make the best decision possible. Consider the aforementioned factors as you evaluate an offer on your home, and you should be able to accept, reject or counter a proposal with confidence.





Posted by Pat Baker on 3/3/2017

An open house represents a valuable opportunity for a home seller who wants to generate interest in his or her residence. This event enables homebuyers to get an up-close look at your house, and ultimately, may help homebuyers become comfortable with submitting an offer for your home. For home sellers, there are many great reasons to devote time and resources to get your residence ready for an open house, including: 1. An Open House Gives You a Chance to Make a Positive First Impression. Any home seller can showcase his or her residence online. Conversely, it takes a dedicated home seller to highlight the true value of his or her house to interested homebuyers as part of an open house. With an open house, you can boost your home's chances of making a positive first impression on homebuyers. Because homebuyers can browse your home with ease, they will be able to evaluate it in a no-pressure situation. Plus, if you employ a real estate agent, this professional will be available to provide homebuyers with additional details about your residence during an open house. Your real estate agent might even be able to offer information to homebuyers about your residence that they won't be able to find online as well. 2. You Can Choose the Date and Time of an Open House. Unlike a home showing, a home seller can select the date and time of an open house. This flexibility ensures a home seller can plan accordingly and guarantee his or her house is clean and neat when the big day arrives. In most cases, home sellers will host an open house on a Saturday or Sunday, and the event may take place over the course of an afternoon. Meanwhile, an open house might even feature fresh-baked cookies, coffee and tea and other assorted snacks and beverages that homebuyers can enjoy as they check out your residence. 3. You May Be Able to Convince a Homebuyer to Make an Offer. The odds that a homebuyer will submit an offer on your residence without an in-person evaluation of your house are slim. On the other hand, after a homebuyer walks around your residence and envisions what life might be like in your home, he or she may be convinced that your house is the perfect choice. Thus, he or she may make an offer on your residence, which means you can move one step closer to selling your house. When it comes to hosting an open house, you'll want to prepare as much as possible. And with a dedicated real estate agent at your side, you'll be able to receive expert tips to get ready for an open house. This real estate professional understands the importance of an open house, and as a result, will do everything he or she can to help your residence stand out to homebuyers, too. Prepare your residence for an open house, and you could improve your chances of generating significant interest in your residence among large groups of homebuyers.





Posted by Pat Baker on 2/17/2017

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 Pat Baker on 10/14/2016

De-cluttering your home is an essential part of the process of prepping your house for the real estate market. It also may require you to find a place to store antiques, photographs and other personal items that you'll need to remove from your house in the immediate future. Fortunately, storage units are available that enable you to protect your personal items while you sell your current home and work toward relocating to a new residence. There are many great reasons to use a storage unit while you sell your house, including: 1. You Can Free Up Space in Your Current Home. Want to show homebuyers the full potential of your house? Rent a storage unit, and you can free up lots of space in your residence instantly. A storage unit gives you plenty of room to safeguard your personal items while you're going through the home selling process. Plus, you'll be able to de-clutter your house accordingly, ensuring you're able to clean every nook and cranny of your residence and ensure your home looks great for prospective homebuyers. 2. You Can Keep Your Personal Belongings Safe and Organized. Let's face it – no one wants to put their treasured belongings in a storage unit that's not secure. But with a storage unit, this is never a problem, as this unit typically is easy to lock and is designed for advanced protection against a number of everyday dangers. For example, a standard storage unit facility is equipped with security cameras, and some facilities are monitored by security personnel 24 hours a day, seven days a week. Moreover, storage units are designed to protect your belongings against inclement weather, as they often are temperature controlled to ensure your items will maintain their quality. 3. You Won't Have to Break Your Budget to Rent a Storage Unit. Selling a house can be an expensive process. And as you spend money completing home improvement projects and cleaning up your residence, the last thing you need is a hefty bill for the rental of a storage unit. Usually, a storage unit serves as an affordable option for home sellers. The cost of a storage unit is frequently based on the size of the unit you need; therefore, if you're only storing a few items, the cost likely will be minimal. It also is important to keep in mind that the cost associated with the rental of a storage unit may only be temporary. If you dedicate the necessary time and resources to enhance the appearance of your house, you'll be able to sell your current residence quickly and move your belongings from a storage unit into your new home. Storage units represent wonderful choices for home sellers, and your real estate agent may be able to help you explore the storage unit options that are available. This real estate professional might even be able to ensure you can score the best deals on storage unit rentals in your hometown. Rent a storage unit as you get ready to add your home to the real estate market, and you can keep your personal belongings safe and organized at all times.




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