William Raveis Real Estate and Home Services



Posted by Deborah Schilling on 12/7/2017

Purchasing a deluxe home at an affordable price may seem impossible, particularly for property buyers who are searching for a residence in a seller's market.


Lucky for you, we're here to help take the guesswork out of buying a terrific residence at a budget-friendly price, regardless of the current housing market conditions.


Now, let's take a look at three factors that homebuyers need to consider before they enter a seller's market.


1. Your Timeline

What is your homebuying timeline? Ultimately, you'll want to consider how quickly you need to relocate to a new residence. This will enable you to map out a homebuying journey that boosts your chances of getting the best results possible.


For example, if you have several months to plan ahead, you may be able to wait out a seller's market. You can pursue a wide range of residences over an extended period of time. And if you find a residence that you like, you can submit an offer on it.


On the other hand, if you need to move right away, you'll likely need to speed up the homebuying journey. In this scenario, you'll want to make the most of the time and resources at your disposal. If you can optimize the time and resources that are available, you may be better equipped than other homebuyers to discover a great home in a seller's market.


2. Your Budget

How much can you afford to spend on a home? A seller's market favors property sellers, so you'll want to do everything possible to budget appropriately and avoid the temptation to overspend to acquire a residence.


Getting pre-approved for a mortgage usually is an excellent idea. If you meet with banks and credit unions, you can learn about your mortgage options and choose a mortgage that matches your finances perfectly.


With a mortgage in hand, you can enter the housing market with realistic property buying expectations. You also may be able to narrow your home search, and as such, speed up the process of purchasing your ideal house.


3. Your Homebuying Expertise

What do you know about the housing market? In most cases, homebuyers lack real estate expertise. However, working with a real estate agent ensures you can receive comprehensive support as you navigate a seller's market.


A real estate agent is a friendly, knowledgeable housing market professional, one who will go above and beyond the call of duty to assist you during the homebuying journey.


Typically, a real estate agent will set up home showings, keep you informed about new properties as they become available and negotiate with home sellers on your behalf. He or she will even provide honest, unbiased recommendations, guaranteeing you can get the expert insights you need to make informed homebuying decisions.


When it comes to exploring houses in a seller's market, why should you be forced to leave anything to chance? Consider the aforementioned factors closely, and you can improve your chances of acquiring a stellar home without having to break your budget.




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Posted by Deborah Schilling on 11/23/2017

Searching for a new house that will meet your needs without breaking your budget can sometimes feel overwhelming! There are dozens of factors to consider and countless details to handle at any point in time.

Fortunately, there are strategies for getting it all done, maintaining your sanity, and being satisfied with the final outcome.

If you feel like you're getting off track (or can't even find the train station), here are a few tips for getting organized:

Create a priority list.

If you haven't clarified and discussed with your spouse what you want and what's important to both of you, then there's a good chance you won't get it. You do not have to go it alone, though! A top-notch real estate agent can help you create a working list of priorities and preferences that you can use as a measuring stick when evaluating homes for sale. Better still, once you develop this list with your agent, he or she will†have the information they need to efficiently locate properties that conform to your wish list and requirements.

Your priority list will be based on a lot of criteria, including your desired lifestyle, the size of your family, and proximity to good schools, recreation, and shopping centers. If may also be important to you to live within a short drive to work, childcare facilities, or houses of worship. One of the best ways to organize your wants and needs is to get a copy of a homebuyers' "wish list" from your Realtor or the U.S. Department of Housing and Urban Development (HUD).

Key factors to consider when developing your list may include items like architectural style, the amount of remodeling you're prepared to do, and the size of the yard. Privacy, space between neighboring houses, and distance from busy highways are also important factors to weigh.

Choose the right real estate agent.

The ideal way to find a real estate agent you'll be pleased with is to get recommendations from family, friends, and trusted business associates. If someone you know well has had a favorable experience with a specific real estate agent, chances are good that your experience would be similar.

Since most real estate agents value referrals, a smart agent will strive to make a positive impression on both you and the person who referred you. It's often advisable to talk with more than one real estate agent before making your final decision, though. That way you'll be in a position to compare qualities like experience, knowledge, personality, rapport, and energy level.

It's vitally important that you feel comfortable with the agent you decide to work with, and that they're responsive to your questions, concerns, and requirements.

While a "wish list" and a "must have" list are essential components of a successful real estate search, the process unfolds much more smoothly when you remain open minded, flexible, and realistic.





Posted by Deborah Schilling on 10/12/2017

Purchasing a house can be tricky, particularly for those who are dealing with a high-pressure negotiation. Luckily, we're here to help you get the best results from any homebuying negotiation, at any time.

Now, let's take a three must-haves for those who are getting ready to negotiate a home purchase.

1. Housing Market Data

An informed homebuyer is a smart shopper. As such, this individual will obtain a large assortment of housing market data that he or she can use to make the best buying decision.

For homebuyers, it is important to understand how one house stacks up against comparable residences in any real estate market. That way, a homebuyer can submit a competitive offer that is based on pertinent housing market data.

Examine the prices of recently sold houses similar to the one that you'd like to buy. Also, check out the prices of comparable houses that are currently available. And with this housing market data at your disposal, you can boost your chances of getting the optimal price for your dream residence.

2. Self-Confidence

Let's face it Ė a homebuying negotiation is stressful, regardless of whether you're a first-time homebuyer or have purchased many residences over the years. But if you remain confident throughout a negotiation, you can take a calm, cool and collected approach, even when times get tough.

A confident homebuyer will have no trouble standing his or her ground during a negotiation. And if this individual is uncomfortable with a home seller's counter-proposal, he or she will be willing to walk away and restart a home search.

Furthermore, a confident homebuyer will remain open to new ideas and consider the home seller's perspective. This will enable a homebuyer to examine both sides of a negotiation and proceed accordingly.

3. An Experienced Real Estate Agent

When it comes to negotiating a home purchase, there is no need to handle a negotiation on your own. Fortunately, an experienced real estate agent is happy to offer guidance at each stage of a homebuying negotiation.

An experienced real estate agent understands what it takes to purchase a great home at an affordable price. As a result, he or she will go above and beyond the call of duty to negotiate with a home seller on your behalf.

Typically, an experienced real estate agent will act as a liaison between a homebuyer and home seller. This housing market professional will keep you up to date about whether a home seller accepts or rejects your proposal to purchase a home. He or she also will provide recommendations and suggestions to help you transform a stressful negotiation into a successful one.

Perhaps best of all, an experienced real estate agent is ready to respond to your homebuying concerns and questions. He or she will provide you with the support you need to ensure you can make informed decisions throughout a homebuying negotiation.

Get ready for a homebuying negotiation Ė consider the aforementioned factors, and you can move one step closer to finalizing a home purchase.





Posted by Deborah Schilling on 6/1/2017

You have finally found what you believe to be the perfect home. Then, something rings off in your gut. Maybe it was poor communication with the seller. Maybe a big change happened in your own life in a short period of time. All you know is that you really want to back out of the deal. You might have a lot of questions. Is this possible? Are there consequences? 


The short answers to these questions are yes, and yes. There is a possibility that you could be sued by your backing out of a deal. Itís rare that buyers are actually mandated to buy a home that they donít actually want to buy. Sellers will, however, be able to keep any money that has already been paid as a deposit after a certain point in the dealings on a home sale. Sellers may also be awarded damages in some cases. 


Legally Backing Out Of The Contract


There are a few circumstances where buyers may have a legitimate right to back out of a contract on a home. If certain contingencies werenít met, as a buyer, youíre free and clear to walk away. These circumstances include:


  • Financing falls through
  • You couldnít sell your former home
  • Flaws in the home have not been disclosed
  • Property boundary line issues exist
  • Liens are against a homeís title
  • The seller does not meet the terms for improvement
  • Undisclosed uses exist for the land such as a pathway


If none of these reasons apply to you and you still have reservations about buying the home, you may need to sacrifice a huge chunk of money. The way that you exit the deal will all depend upon the contracts that were signed previously.


Other Buyers Are Waiting For The Home


If you are in a tight market and decide to back out of buying a home, you could be in luck. Often, if thereís a backup offer, itís enough to satisfy a seller that at least the home will be sold promptly. However, donít hold you breath when it comes to getting your deposits back. If you have already ďpromisedĒ to buy a home, you can kiss the deposit goodbye, unfortunately. 


Always Hire A Real Estate Attorney


Whether your state requires it or not, you should always hire a real estate attorney. These professionals can help you to read each and every line of the contracts that youíre signing when buying a home. They will make suggestions as to how you can protect yourself through the process along the way. Itís a good investment to hire a lawyer when youíre buying a home.





Posted by Deborah Schilling on 5/18/2017

As soon as someone walks through the door of your home they get a sense of how you have created the space. Making sure that your home feels inviting is important for when guests come over or people enter your home.

Itís also handy to understand how to make your home feel welcoming when itís ready to be sold. The task of making your home feel welcoming, comfortable and stylish can seem daunting, especially if youíre in theprocess of moving or starting over somewhere new. Even entertaining guests during busy times of the year can overshadow seeing the overall welcoming picture of your home. We have some tips for you to help you make sure that every person who walks through the doors of your home feels welcome and cozy inside its walls.

Start with the Entryway

The absolute first impression of your home that people get other than the outside appearance is that of the entryway. The minute people walk through the front door, theyíre getting a sense of your home and property. Thereís certain accessories that you can add for a simple touch that can make a big difference in the way your home is portrayed. Depending on how your entryway is set up, there are small pieces that you can use to give the entryway of your home an instant feeling of being inviting.

An example of an effective accessory would be a grandfather clock, which is stately and has a charming touch. A rug or succession of rugs also gives a sense of warmth and can add a lot to an entryway. This is particularly useful for homes in colder climates. Itís also important to make practical use of mirrors and lighting in your homeís entryway. If the entryway is a porch, a classic bench is a great piece to make visitors feel like theyíre right at home.

Entice the Senses

Once visitors get inside your home, there are several small ways that make an impact on how guests feel inside of your home. Candles are a small touch that work quite well. Since our senses help us make associations, candles with the scent of flowers, cookies, or even cinnamon are a great way to help visitors feel welcome. These scents are very much associated with the feeling of ďhome.Ē Many times, itís effective to burn these types of candles while an open house is going on. The small touch helps to further entice interested buyers.

Keep Delicate Items To A Minimum

When youíre in a museum or a china store, you often feel like you canít walk around because youíre afraid of breaking something. While itís certainly acceptable to have nice things in your home, you donít want anyone walking around it to feel as if theyíre in a museum. Part of developing a welcoming feeling in your home is making sure people actually feel comfortable there. These are some thoughts on how to give your home an inviting touch. Now, over to you- what makes you feel welcome in a home?†







Deborah Schilling
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