Sears Real Estate



Posted by Sears Real Estate on 1/1/2018

Whether youíre buying or selling a home, one of the most important parts of the process is the negotiation phase. This means different things whether youíre buying or selling a home. When youíre selling a home, youíre usually looking to get the most money for your home that you possibly can. If youíre buying a home, you want the lowest possible price for the home. Hence, the reason for real estate negotiations. Buyers and sellers must meet somewhere in the middle. For your consideration, weíll break down some of the most important aspects of the real estate negotiation process. The Cost Means Different Things As we stated above, buyers want the lowest price, while sellers want the highest price possible for a home. Whatever side youíre on, expect to meet somewhere in the middle. The price of the home has to make sense for both sides. The seller wants the sale of their home to make sense financially and the buyer wants to home to fit into their budget while getting the things they desire out of the home. The Financing Process Is Complicated If you have your mortgage fully approved prior to making an offer, youíll be able to shorten the closing time of the home. The reason for this is that the preapproval shows that all of the buyerís finances are in order and there will be no financial problems in the transaction. Sellers often prefer these buyers since they can be trusted to close properly and there wonít any issues with the real estate transaction. The property also wonít be on hold for months on end. The Date Of Closing Matters If sellers need to get their home off of the market fast, they can negotiate when the closing date will be. As a buyer, this matters because the next monthís mortgage payment is skipped once you close on a house. The closing date affects when exactly this payment doesnít need to be made, which can have a positive effect on your finances when itís timed right. Closing Costs Are Actually Paid Upfront Escrow is when the mortgage company holds the money for taxes and insurance, which is the prepaid closing costs. Buyers sometimes ask sellers to pay a portion of the closing costs. This could be a flat fee or up to 3 percent of the included mortgage. This could all have an effect on the asking price for the home. Just Like A Car, Homes Can Come With Warranties Buyers can ask for a warranty on the home, or the seller can offer one. This warranty typically covers the homeís appliances and utility systems. This provides a protection if things like the air conditioning or the dishwasher break after a certain period of time and need repair. This may make the home extra enticing to buyers and give sellers an advantage to get their home off the market quickly.





Posted by Sears Real Estate on 10/23/2017

Want to use photos to showcase your home? Taking the right photos and cropping them effectively could help you accentuate your home's positives, and ultimately, increase your chances of generating significant interest in your residence. You don't need to be an expert photographer to photograph your residence effectively, either. In fact, here are three tips to help home sellers take great pictures of their residences quickly and effortlessly: 1. Take as many pictures as possible to get the perfect shot. Even novice photographers can avoid blurry pictures if they take a large variety of home photographs. Remember, there is strength in numbers, particularly when it comes to photographing your residence. And home sellers who take tens or even hundreds of photographs should be able to find pictures that highlight the quality and appearance of their residences. Don't forget that the pictures you take likely will be the first thing a homebuyer sees when he or she views your home's listing on the real estate market. As such, pay close attention to your photos and avoid using any that could provide a poor first impression. 2. Use lighting to your advantage. Dark, dreary photographs may leave a homebuyer confused, leading him or her to consider alternatives. Comparatively, home sellers who use plenty of lighting will make it easy for homebuyers to see exactly what their residences are all about. Lighting can help accentuate the beauty of your home's kitchen, bathroom or any other space. As a result, you should be unafraid to use lighting to highlight the value of your residence at all times. 3. Get feedback from a real estate agent. Photographs can serve as a valuable asset in your quest to find interested homebuyers. And with added support from a real estate agent, you'll be able to maximize the value of your photographs. A real estate professional can offer guidance and insights throughout the home selling process and ensure your photographs help you highlight your home to the right homebuyers consistently. Furthermore, this professional might be able to help you crop and edit photos as needed. Finding the right real estate agent is essential, as this professional will help you simplify the home selling process. For those who are fortunate enough to work with a qualified real estate expert, you'll be better equipped to promote your residence using high-quality images. How you photograph your home may seem like a minor consideration at first, but home sellers who dedicate plenty of time and resources to take outstanding pictures may benefit from an accelerated home selling process. Ideally, you'll want to do whatever you can to generate as much interest in your home as possible. And with the aforementioned photography tips, you'll be better equipped to grab images that showcase the true value of your home and will help your residence garner interest from large groups of homebuyers. Take advantage of first-rate pictures that illustrate various rooms in your home, and you'll be able to improve your chances of making your house attractive to homebuyers and selling your residence quickly.





Posted by Sears Real Estate on 10/2/2017

Even the best real estate agents can't share important facts about your house the way that you can. You know what it's like to actually live in your house. Only you know if the refrigerator runs after the door has been open for at least a minute. You know if the house makes settling noises late at night. Soft spots in the floor, and how well the house heats during winter and cools during summer are more facts that you're privy to.

Sharing your house's inside history, builds buyer trust. But, be careful. As you share facts and history about your house, you might fall in love with your house all over again and start second guessing whether you should let your house go.

Home buyers want to do more than walk thru your house

When house shoppers start asking you about closing costs, if you have pets and when you'd like to move into your new home, it's time to start sharing important information with them. Doing so could speed up a house sale. Information to share includes:

The personality of the neighbors. Similar to how authors describe the personalities of characters in their bestselling novels, introduce potential buyers to the neighbors. Skim the surface, letting prospects know if neighbors are quiet, social or tougher to get to know. This is where having great neighbors pays off hugely.

Just as you'd let house shoppers know if you have pets, let potential buyers know if most of the neighbors have pets. If pets are well trained, not aggressive and stay in their yards, share this. It could put people who are uncomfortable around large pets at ease, especially if these potential buyers heard dogs barking as they drove up the street to your open house.

Don't keep house shoppers in the dark

Don't stop there. Tell house shoppers where malls and hit stores are, including how far these hot spots are from your house. If you live near hot spots, this alone could attract buyers who love being at the center of exciting events.

Although prospects will see key features about your house as they walk through it, they won't catch everything. Tell people who are interested in buying your house about the extra storage space that buyers can't see right away and often miss.

Have a finished basement or a finished attic? Let buyers know. It could make the difference between losing a house sale or closing a deal. Buyers may be looking for extra space that can be used as a guest room, extra bedroom or home office.

Show off gorgeous outdoor views. Share stories about renovations you performed on your house since you purchased it. Share stories about experiences you created at the house that caused you to love the house. For example, you could tell buyers that your first child was born in the house or that you started you operated your first business out of the house.

Let house shoppers know where nearby airports and other forms of public transportation like trains, subways and buses are. Buyers may not be a two-car family. Knowing that you live near reliable public transportation could seal the deal.

Talk with your real estate agent about inside history that you're considering sharing with potential home buyers. Do this before you speak with people who are interested in buying your house. Your realtor may have ideas on how you can present the history, offering house shoppers honesty and engagement.





Posted by Sears Real Estate on 5/29/2017

When you sell your home, thereís a cost associated with getting a return on your investment. Certain mistakes that many sellers make when deciding to sell their home can actually cost thousands of dollars in expenses. Before you decide to sell, read on to see what you can do to avoid unnecessary consequences.


Hire A Professional To Sell Your Home


Many people think that they can sell their home on their own. Itís the best practice to hire a professional to sell your home. Even in a sellerís market, a realtor can help you to get the best price on the sale of your home.


Remove Your Things Before The Sale Of The Home


Your clutter will undoubtedly affect the value of your home. People canít see what their life would be like in your home if thereís too many things in the way. While one manís trash sometimes is another manís treasure, it certainly isnít in the case of selling your home. 


Donít Leave An Empty House For The Showing


While too much clutter is bad, it does make a difference for the home to actually be lived in. If possible, donít leave a completely empty home. Buyers need something to help them visualize what life will be like living in the home. Home searchers want to see how functional the home will be for them. 


Donít Neglect Repairs


You should take care of any repairs that need to be made before your home goes on the market. Any repairs that you donít make will likely be discovered during the home inspection. Before you even list your home, make sure that you take care of any major issues that are around your home like a leaky roof or cracked tile. This will save you a major headache later, because you wonít need to scramble to fix things after the home inspection. Buyers will also be more impressed with the home if thereís little to fix. 


Donít Overprice Or Underprice Your Home


If you donít properly price your home, it could lead to a few major issues. You may be left wondering if you could have made more money on your home. On the flip side, your home could sit on the market for a long time, leaving buyers wondering what could be wrong with your property as to why itís not selling.


Be Sure To Stage The Home


People will purchase a home based on what they see and how they feel. If your on-the-market home doesnít look polished, there will be less interest in it. You donít need to go overboard and make your home look like something out of a magazine, just make sure itís clean. Things like dirty laundry on the floor, trash laying around, and papers on the tables are big turn offs for buyers. 


With a little planning, the sale of your home should be a smooth and profitable one.





Posted by Sears Real Estate on 2/27/2017

Are you ready to buy your first home? Although you may conduct plenty of research, know your budget and understand what you want to find in your first residence. Problems may arise along the way that could force you to rethink your homebuying plans. So what does it take to ensure your first home purchase will be a successful one? Here are three lessons that every first-time homebuyer needs to know: 1. Purchase a home only when you're comfortable with your decision. Let's face it Ė buying a home can be stressful, regardless of whether you're a first-time homebuyer or have purchased multiple residences in the past. As a result, stress can be problematic, and it ultimately may lead you to buy a home before you're ready to do so. In a stressful homebuying situation, be sure to take a step back and explore all of the options at your disposal. By doing so, you can minimize the risk of committing to buy a home in the heat of the moment. When in doubt, don't be afraid to consult with family members, friends and, of course, your real estate agent. A strong support system can make a world of difference for a first-time homebuyer, and it might even help you eliminate stress throughout the homebuying process. 2. Put aside money for home improvements. Budgeting for a home can be tricky. Ideally, you'll want to be able to put at least a few thousand dollars down on your purchase. You'll also want to ensure that you're in great shape financially to handle your mortgage payments. At the same time, you should try to put money aside for potential home improvements. Although you've conducted an extensive home inspection, there are no guarantees that your home will maintain its quality for an extended period of time. As such, having a "rainy day fund" will ensure you're ready to handle numerous home improvement projects down the line. Adding money to your rainy day fund each month can deliver long-lasting benefits. This will allow you to be ready for any home improvement issues that may arise, along with avoiding the anxiety commonly associated with finding the finances to afford home repairs. 3. Understand the ups and downs of the real estate market. What you pay for your home today may not be what it's worth tomorrow. In fact, the real estate market fluctuates frequently, so you'll want to understand that your house's value will change in the years following your purchase. In many cases, the value of your home will rise over the years. But in some situations, it may fall. Remember, buying a home is a major decision and is not without risk. Even though you might expect your home's value to skyrocket, you'll still need to take care of your house. Maintaining your residence will boost your chances of increasing its value, regardless of the real estate market. However, you need to be aware that a buyer's market can change into a seller's one at a moment's notice, so there is always a chance that your house's value will go up and down periodically. Be a prepared homebuyer, and you can minimize problems as you explore the real estate market for your first residence. Thus, you'll be better equipped to find a house that fulfills your needs and will serve you well for years to come.