Thomas Murphy - Pine Shores Real Estate



Posted by Thomas Murphy on 1/14/2018

As the new year approaches, you may wonder what changes are ahead for you and your family. If you have been thinking about selling your home in the coming year, there are a few pretty good reasons to do so. Read on, and you may find some new real estate goals for the new year. 


There’s Not A Lot Of Inventory


If the inventory is low, you’ll find that it’s a great time to put your home on the market. Your home will sell a bit faster and attract more buyers. If the market is particularly busy, you may get an even better price than expected for your home. 


People Want Homes Fast


Certain times of year bring a bit more urgency to the market. Employees may be more apt to have transfers within their company. Families may be looking to move in before the start of the school year. These situations can get your home off the market fast for the right price.


The Seasons Of Real Estate Are Different


While we typically think of spring as starting in late March, spring in the real estate world actually begins in January. Once the holidays are over, it’s believed that people are ready to make moves with their properties. This early season holds especially true in warmer climates. It’s thought that the earlier in the year a home is listed, the more it will stand out on the market. If you’re listing a house in a warmer climate, keep in mind that people who are looking to escape cold climates are looking to buy in the early months of the year.  


Keep in mind that if you do live in a colder climate and plan to sell and your property has some great outdoor space, you may want to wait until a warmer time of year to sell. 


The Lower The Price Of The Home The Faster It Moves


If your home is on the lower end of the price spectrum, you may be able to sell whenever you’d like., These home are attractive to first-time buyers and move fast off the market. They’re great for starter homes, fixer uppers, and house flippers.


The bottom line is that in a hot market there may be no wrong time to sell. If you speak with a REALTOR® and they believe the time is right, and you’re itching to move on to another property you should. Real estate agents have the knowledge and experience that can help you to find the right time to sell as well as the sweet spot for pricing your home.   


    





Posted by Thomas Murphy on 1/7/2018

Adding your residence to the housing market can be tricky. And for those who are unprepared for the potential pitfalls of the real estate market, it may be difficult to get the best results from the home selling journey.

Fortunately, we're here to teach you about the housing market so you can understand what it takes to optimize the value of your home.

To better understand the ins and outs of the real estate market, let's take a look at three common misconceptions that are frequently associated with selling a house.

1. Your home has increased in value since you initially purchased it.

What you paid for your house a few years ago is unlikely to match what it is worth today. As such, it is important for a home seller to understand the current state of the real estate so he or she can price a residence accordingly.

A home seller should look at the prices of comparable residences before adding his or her home to the housing market. By doing so, this home seller can see how his or her residence stacks up against the competition and price it based on the current housing market's conditions.

Also, a home seller should complete a property appraisal. This evaluation allows a home seller to receive expert insights into a house's pros and cons. Plus, a home appraisal ensures a property seller can prioritize myriad home improvement projects to help boost a house's value.

2. You should have no trouble stirring up plenty of interest in your house.

Although a home seller enjoys his or her residence, there is no guarantee that homebuyers will feel the same way. Therefore, a home seller should allocate the necessary time and resources to enhance a property's appearance both inside and out.

Completing simple home exterior improvement projects like mowing the front lawn and clearing dirt and debris from the walkways can make a world of difference in homebuyers' eyes. These home exterior improvements will help you bolster your house's curb appeal and boosts your residence's chances of making a positive first impression on homebuyers.

In addition, don't forget to declutter your residence's interior as much as possible. This will make it easy for homebuyers to imagine what life may be like if they purchase your home.

3. You don't need support from a real estate agent.

When it comes to selling your residence, it is always better to err on the side of caution. With a real estate agent at your side, you may be able to accelerate the home selling process and improve your chances of maximizing the value of your house.

A real estate agent will help you manage challenges throughout the home selling process. He or she will show you how to list your residence and promote it to the right groups of homebuyers, along with provide comprehensive responses to your home selling questions.

Employ a real estate agent to guide you along the home selling process – you'll be happy you did. A real estate agent will do everything possible to ensure you can sell your residence quickly and effortlessly.




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Posted by Thomas Murphy on 11/19/2017

If you intend to list your residence, you'll need to think about how you'll price your residence. However, what you initially paid for your home is unlikely to match its value today. And if you set an initial asking price that is too high, you risk alienating potential homebuyers.

Lucky for you, we're here to help you determine the ideal initial asking price for your residence to increase the likelihood of a fast home sale.

Now, let's take a look at three quick, easy ways to establish a competitive price for your house.

1. Look at Housing Market Data

Housing market data is easy to find and can show you how your residence stacks up against recently sold homes in your area.

Evaluate the prices of recently sold local residences that are comparable to your own. With this housing market data in hand, you can better understand pricing trends for houses in your city or town.

In addition, don't forget to check out the prices of available houses in your region. This housing market data will help you understand the current state of the real estate market.

2. Conduct a Home Appraisal

A home appraisal is valuable because it allows you to receive a property valuation from a home expert. When the appraisal is complete, you may be able to prioritize various home improvement projects as well.

During a home appraisal, a property expert will examine your home's interior and exterior. This property expert also will assess the prices of recently sold and available homes in your area, including the prices of residences in your neighborhood. Following the appraisal, you'll receive a property valuation.

If a property valuation falls below your initial expectations, there is no need to worry. Remember, you can always perform assorted home maintenance and upgrades to boost your house's value.

3. Collaborate with a Real Estate Agent

Work with a real estate agent throughout the home selling process – you'll be glad you did. A real estate agent will go above and beyond the call of duty to ensure that you can get the best price for your residence, regardless of the housing market's conditions.

A real estate agent first will learn about you, your home and your home selling goals. Next, this housing market professional will list your residence, promote it to large groups of homebuyers and host home showings and open house events. If a homebuyer submits an offer on your residence, your real estate agent will help you analyze the proposal and determine whether to accept, reject or counter it.

Furthermore, a real estate agent is happy to respond to any home selling questions. This housing market professional knows exactly what it takes to sell a residence, and as such, is ready to respond to your home selling queries at all times.

Get the best price for your home – use the aforementioned tips, and you can price your house appropriately.





Posted by Thomas Murphy on 8/27/2017

Family members and friends are loved ones who play important roles in your life. However, when it comes to sharing the news that you've decided to sell your home, it sometimes can be difficult to prevent these loved from sabotaging your home sale.

Lucky for you, there are many simple ways to reduce the risk that loved ones can hinder your ability to sell your residence.

Now, let's take a look at three tips to keep family members and friends involved in the home selling process.

1. Meet with Family Members and Friends

Don't wait to inform family members and friends about your decision to sell your house. Instead, meet with loved ones so you can discuss your home selling plans with them.

Face-to-face meetings with family members and friends are ideal. These meetings will allow you to explain why you decided to sell your home, where you plan to move and much more.

In addition, meeting with family members and friends shows loved ones that you care about their thoughts and feelings. It also sets the stage to involve your loved ones in the home selling process – something that may help you get the best results possible.

2. Respond to Loved Ones' Home Selling Questions

In all likelihood, family members and friends will have lots of questions about your decision to sell your home. If you plan ahead for potential questions, you should have no trouble responding to loved ones' queries accordingly.

It may be tough to move further away from loved ones. But if you prepare before you meet with family members and friends, you can improve your chances of remaining calm, cool and collected as you share your home selling news.

Furthermore, it is important to remember that loved ones might not always agree with your home selling decision.

On the other hand, family members and friends should be ready to stick with you and support your decision, regardless of whether they agree with it. By doing so, your loved ones can provide you with the assistance you need to streamline the home selling process.

3. Discuss Your Options with a Real Estate Agent

For those who want to get their loved ones involved the home selling cycle, meeting with a real estate agent may prove to be a great first step.

A real estate agent can provide recommendations and suggestions about how to share your home selling news with family members and friends. Plus, this housing market professional can respond to your home selling concerns and queries at any time.

Perhaps best of all, a real estate agent will serve as a great guide throughout the home selling process. He or she will help you add your residence to the real estate market, promote your house to potential property buyers and negotiate with homebuyers on your behalf.

Don't worry about telling family members and friends about your decision to sell your house. Conversely, use these tips, and you can prevent your loved ones from sabotaging your home sale.




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Posted by Thomas Murphy on 8/20/2017

While you may really love your pet, not everyone is an animal lover. If you’re planning on selling your home soon, and you have a pet, make sure that Fido doesn’t chase away potential buyers. From the damage that pets can do to potential allergies that buyers may have, a pet can be a detriment to selling your home. Heed these tips below before selling a home with pets:


Before You List Your Home, Move Your Pets


You don’t need to give up your pets in order to sell your home, but it’s a good idea to find them another place to stay while your home is on the market. This will make it easier for the open house and if other agents want to show the home to potential buyers. Dogs barking and cats creeping around may drive potential buyers away. Even the idea of pet food and a water bowl may make a potential buyer suspicious as to whether the pet has caused any sort of damage around the home. If you find a place for your pets to stay, you can eliminate a lot of these problems.


If You Can’t Send The Pets Away, Keep Them Out Of Sight


Before a home showing, be sure to clean up any pet items that are around the house including toys, food, and pet bowls. The pet can go with you while you’re out of the house for a showing. It’s not that you’re being secretive about having a pet, yet, you shouldn’t call attention to the fact that pets have been present in the home. 


Clean Your House


When you decide to sell your home, give it a deep clean. Vacuum the house up and get pet hair off of the furniture. You may even want to run an air filtration system to get dust and pet dander out of the air. This will prevent potential allergic buyers from sneezing their way through a home showing. 


Don’t forget to clean up the yard as well in this process of getting the home ready for a home showing. Any “gifts” that have been left behind by your pets should be cleaned up in the yard. You don’t want potential homebuyers ruining their shoes and their home showing experience. 


Giving your home a deep clean will also help to eliminate any pet odors that may be in the home. It’s hard for owners to pick up on these smells, as your noses become accustomed to it. Buyers can smell pets right away! Change the litter box and use some anti-odor prays to help get any of the stench from animals out of the home. Opening the windows in your home can also work wonders to change the air and the smell in the space.


Even though it might be a bit hard for your pet through the process of selling your home, with the extra revenue that you’ll make, you can get your pet their very own luxury space!




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