Afonso Real Estate



Posted by Afonso Real Estate on 11/22/2017

Looking to add your home to the real estate market sooner rather than later? Ultimately, you'll want to look beyond the potential price of your residence as you get your house ready for the real estate market.

For home sellers, price is one of several factors to consider before they list their houses. In fact, some of the top home selling factors to evaluate beyond price include:

1. A Home's Location

A home's location may dictate how quickly you're able to sell your residence. And if you understand the benefits associated with your house's location, you should have no trouble promoting your residence to the right groups of homebuyers consistently.

For example, a home that is located near a big city may prove to be an ideal choice for those who work in the city. On the other hand, a house that is located near top schools could prove to be an ideal option for families.

2. A Home's Condition

Although you've tried to maintain your house's interior and exterior over the years, you may still be uncertain about how your residence will stack up against other houses in a competitive real estate market.

Fortunately, a home appraisal can help you take an in-depth look at your house's condition and map out your home selling journey.

During a home appraisal, a property inspector will examine your residence. The appraisal may take several hours to complete, as a property inspector will investigate your house's interior and exterior.

When a home appraisal is finished, a property inspector will provide you with a detailed report that describes his or her findings. Then, you can use the home insights contained within this report to prioritize myriad home improvements.

With a home appraisal, you can gain deep insights into your house's condition. That way, you can better understand your house's strengths and weaknesses prior to adding your home to the housing market.

3. The Current State of the Housing Market

The current state of the housing market may impact your ability to sell your house, and for good reason.

For instance, if you're operating in a seller's market, there may be an abundance of homebuyers and a shortage of top-notch houses. This means there will be high demand for the best residences, and you may attract plenty of interest in your house as soon as it becomes available.

Let's not forget about a buyer's market, either. In a buyer's market, there are many home sellers and few homebuyers. Therefore, a home seller may need to allocate significant time and resources to stir up interest in his or her property.

For those who are unsure about how to navigate a seller's or buyer's market, hiring a real estate agent usually is an excellent idea. A real estate agent can teach you about the current state of the housing market so that you can get the best results possible during the home selling journey.

Look beyond price before you list your residence, and by doing so, you can boost your chances of a fast home sale.




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Posted by Afonso Real Estate on 8/16/2017

When youíre selling a home, remember that honesty is the best policy. If you do decide to be dishonest as a seller, there can be some major legal consequences heading your way at a later date. As a general rule, if you think you should disclose something then you probably need to tell the buyer about it. There are a few things that are major concerns for sellers. If you know about any of the events mentioned below, you need to include it in your sellerís disclosure.


Lead Paint


Lead paint is a major concern especially for families with children. If your home was built before 1978, youíll need to sign a disclosure stating whether or not you know of any lead paint on the property. If you are unaware of any issues with the paint, then you are not legally obligated to provide information, since you donít know any better. If you did know that the home was de-leaded or have had lead paint testing done, youíll need to disclose this info for the buyerís knowledge. 


Emotional Defects


If there was ever a death on the property that you knew about, youíll need to disclose this to your buyers. Murders, suicides, and violent crimes all need to be revealed if they happened on your property. While itís an unpleasant thing to think about, buyers have a right to know. Deaths that have occurred before a certain time span may not need to be disclosed. You can check with the specific rules in your own state.    


Paranormal Activity



When it comes to selling your home, there are certain things that you may find silly but others find that they need to know. This includes any kind of paranormal activity like ghosts. Some states require that you release any information you may have about ghosts on a property in order to sell your home. If you believe the house is haunted, you have an obligation to tell buyers about it. If an exorcism or other strange activity has occurred on the property, youíll need to tell buyers about that as well. Thereís no issue too small when it comes to disclosing things about your home.


Water Issues


If your home has any kind of flooding problems or drainage issues, you should tell your buyers about it. Everything from a basement that floods to standing water in the backyard can be an issue. If you know about it as a seller and do not tell your buyers, you could face some serious consequences from it. If you have fixed these issues in the past, itís also worth adding to your disclosure as buyers will know that you have been proactive in taking care of any problems on the property.





Posted by Afonso Real Estate on 5/24/2017

Selling a home may seem impossible at times, especially if you enter a negotiation with a homebuyer. And if you're not careful, you might even lose your cool during a negotiation Ė something that could put a potential deal with a homebuyer in jeopardy.

Don't let stress get the best of you during a home selling negotiation. Instead, use the following tips to avoid stress as you start negotiations with a homebuyer:

1. Understand the Housing Market

Your home has its pros and cons, and understanding what sets your house apart from others ensures that you can generate plenty of interest in your property when it reaches the real estate market. Meanwhile, assessing the housing market may help you determine whether to accept, decline or counter a homebuyer's offer on your residence as well.

Evaluate the real estate market closely. Take a look at the prices of comparable houses in your area to better understand how your home stacks up against similar properties.

Housing market data can help you make an informed decision about a homebuyer's offer. For example, if a homebuyer submits a competitive offer that meets or exceeds your expectations based on real estate market data, you can accept the proposal and avoid stressful negotiations. Or, if a homebuyer submits a proposal that falls below your expectations based on housing market data, you can politely decline the offer.

2. Maintain a Positive Outlook

There is no need to feel frustrated or mad if a homebuyer submits a "lowball" proposal on your house. Conversely, try to maintain a positive outlook throughout home selling negotiations, and you can avoid the risk of letting stress get the best of you.

Remember, stress can make a difficult negotiation even more challenging. But those who understand how to handle stress can boost their chances of maintaining a positive outlook and getting the best results possible from a home selling negotiation.

If you feel anxious at any point in a negotiation, feel free to take a break. Even spending a few minutes performing deep breathing exercises can help you feel calm, cool and collected. Plus, after you complete a stress-relieving activity, you may be better equipped to maintain a positive outlook throughout the remainder of a home selling negotiation.

3. Collaborate with a Real Estate Agent

Real estate agents are available nationwide and understand how to handle tough home selling negotiations. Therefore, employing an experienced real estate agent may make it easy for you to avoid stress throughout the entire home selling journey.

Your real estate agent will negotiate on your behalf and work directly with a homebuyer. This real estate professional also will keep you informed about home selling negotiations and offer tips and suggestions to ensure you can get the best price for your house.

Ultimately, hiring a real estate agent is a must for home sellers who want to avoid stressful negotiations. With a real estate agent at your side, you should have no trouble accelerating negotiations with a homebuyer and optimizing the value of your residence.




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Posted by Afonso Real Estate on 5/3/2017

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 Afonso Real Estate on 7/13/2016

Being a first-time home seller can be exhausting, especially if you want to maximize your house's purchase price. Fortunately, we're here to help you understand what it takes to succeed as a home seller, regardless of the real estate market's conditions. Here are three factors that every first-time home seller needs to consider before adding his or her house to the real estate market: 1. Your Home's Condition You've completed many home improvement projects over the years, and as such, you may have boosted the value of your house. However, despite these improvements, there may be a lot of work that needs to be done to ensure you're able to generate plenty of interest in your residence among prospective homebuyers. Getting a home appraisal often serves as a great first step on the home selling journey. A home appraiser will be able to give you a better idea about your house's worth as well as potential areas of improvement. As a home seller, you'll need to consider the value of any repairs you complete. Ultimately, a home improvement project may help you boost the value of your house, but it also may mean that it takes longer for you to add your house to the real estate market. Consider the pros and cons of home improvement projects. And if you need extra support, be sure to consult with an experienced real estate agent. 2. Your Home's Price Are you selling your residence in a seller's or buyer's market? Ideally, you'll want to be able to offer your house in a seller's market, i.e. a period in which there are more homebuyers than home sellers. Conversely, even if you're selling your house in a buyer's market (a market that includes more home sellers than homebuyers), you may be able to make your house more attractive to potential buyers if you offer a competitive price. Look at what similar homes in your area have sold for over the past few months. Also, be sure to work with a real estate agent who can provide insights into home selling and homebuying trends in your area. By doing so, you'll be better equipped to list your house for a fair price and improve your chances of a fast sale. 3. Your Post-Sale Plans If a homebuyer makes an offer on your residence that exceeds your expectations, how will you proceed? You'll need to consider your post-sale plans, as this will ensure that you're ready for any home selling scenario that comes your way. You may want to de-clutter your home as much as possible to make it easier to finalize a sale and relocate to a new address. In addition, you should try to work with a real estate agent who can help you sell your current home and find a new one that meets your needs going forward. Just because you're a first-time home seller doesn't mean you can't prepare like a pro. Consider the aforementioned home selling factors, and you may be able to improve your chances of optimizing the price of your home and speeding up the home selling process.







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