Brian O'Neil - RE/MAX Advantage I



Posted by Brian OíNeil on 1/19/2020

If you want to enjoy a fast, seamless and profitable home selling experience, it helps to be flexible. That way, you won't feel pressure to accept the first homebuying proposal that comes your way. Instead, you can listen to various homebuying offers, consider their pros and cons and choose one that matches or exceeds your expectations.

Unfortunately, the stress associated with selling a house can escalate quickly. And if a home seller is not careful, he or she risks making rash decisions that may lead to subpar results.

When it comes to selling a house, it generally is a good idea to be flexible. Now, let's take a look at three tips to help sellers maintain their flexibility throughout the home selling cycle.

1. Evaluate the Housing Market

The current housing market may favor buyers or sellers. If you want to maximize the profits from your home sale Ė and maintain your flexibility throughout the home selling journey Ė you should examine the real estate sector closely.

Assess the prices of available houses in your city or town that are similar to your own. This will allow you to see how your residence stacks up against the competition and price it appropriately.

Furthermore, evaluate the prices of recently sold houses in your area. With this housing market data, you can determine whether you're preparing to enter a buyer's or seller's market and plan accordingly.

2. Don't Hesitate to Counter a Buyer's Offer

After you list your house, it may be only a matter of time before you receive an offer on your house. However, just because you receive an offer on your house does not mean that you have to accept this proposal.

Remember, your duty as a home seller is to accept the ideal homebuying proposal based on your home selling goals. If an offer fails to meet your expectations, you should not hesitate to counter or reject this proposal.

In most instances, it helps to counter a buyer's proposal. If you submit a counter-offer that matches a buyer's needs, both you and a buyer can move forward with a transaction. Or, in the worst-case scenario, a buyer will reject the counter-offer, and you can move forward with your attempt to sell your house.

3. Work with a Real Estate Agent

If you're unsure about how to stay flexible throughout the home selling journey, you can always hire a real estate agent. In fact, with a real estate agent at your side, you can get the insights that you need to succeed in any housing market, at any time.

A real estate agent will learn about your home selling goals and help you map out a successful home selling journey. Plus, he or she will list your residence, promote it to the right groups of potential buyers and ensure you can make an informed decision about whether to accept, reject or counter a buyer's proposal.

Want to sell your house? Consider the aforementioned tips, and you can operate as a flexible home seller.




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Posted by Brian OíNeil on 12/29/2019

Selling a home takes patience. Especially when youíre balancing your time between settling into your new home, and keeping up with your work and family life. So, when youíve finally gotten to the point of accepting an offer on your home, youíll probably breathe a sigh of relief--and you should!  However, there are still a few more things that will need to happen and a couple of things to consider before closing the deal on your home sale.

Contingencies on the purchase contract

A purchase contract typically includes contingency clauses that are designed to protect the interests of both the buyer and the seller. These clauses mean that the contract is contingent upon the actions being completed before it can be legally valid.

There are three main contingencies that will likely be included in the purchase contract before closing--inspection, financing, and appraisal.

Inspection contingency

The inspection contingency allows the buyer to have the home inspected by a professional before closing (the time should be specified within the contract, but the inspection should usually occur no more than two weeks after you accept the offer). A home inspection lets the buyer know what to expect in terms of repairs that the home needs now or will need in the near future.

Financing contingency

Since the vast majority of buyers will be purchasing their home through a loan, a financing contingency is included to allow the buyer time to secure their mortgage. Getting pre-qualified and pre-approved makes this process easier, but the buyer will still have to finalize and close on their mortgage before their financing is official.

This clause exists to protect the buyer in the event that their mortgage application is denied, ensuring that they arenít penalized.

Appraisal contingency

The third contingency most often found in purchase contracts is a home appraisal. The buyer will order an appraisal and then the appraiser will reach out to you to find a day to come and value your home.

If the home is then appraised at the amount agreed upon in your contract, this contingency is met. However, if the appraisal comes up lower than the purchase amount, the buyer can renegotiate the price.

Walkthrough and closing

Once the appraisal and inspection have been met and financing secured, the buyer will have a chance to do a final walkthrough of your home. The walkthrough usually occurs no more than two days prior to closing on the sale. A walkthrough allows the buyer view the home one last time to ensure that the condition of the home hasnít drastically changed since the home was inspected or appraised. So, make sure the buyer is aware of any changes you planned to make to the home before closing.

Now youíre ready to close on your home sale. Youíll receive a disclosure form to review (read it carefully!) and sign. Once closing is complete, ownership of the home is officially transferred to the buyer.

While the closing process does include several steps, itís important to be available and cooperative along the way to ensure a smooth sale and transition into your new home.





Posted by Brian OíNeil on 8/25/2019

Adding your house to the real estate market today may prove to be a great decision. In fact, there are many terrific reasons to list your home today, including:

1. You may be able to generate a profit on your house.

If you maintained your home over the years, the residence may have increased in value. Thus, you may be better equipped than other home sellers to generate a profit on your residence.

Furthermore, if you're preparing to enter a seller's market, you may be able to earn a significant profit in no time at all.

A seller's market frequently includes an abundance of homebuyers and a shortage of home sellers. As such, if you add a high-quality house to a seller's market, it may be only a matter of time before you receive multiple offers at or above your initial asking price.

2. You can downsize your home or upgrade to a larger residence.

Although your current residence may have served you well for an extended period of time, now may prove to be a great time for a change. Fortunately, if you add your house to the real estate market, you can take the next step to downsize your residence or upgrade to a larger residence.

For those who want to downgrade, it may be simple to sell a house and get rid of excess items at the same time. Then, you can relocate to a smaller residence that better suits your budget and personal needs.

On the other hand, those who want to move into a bigger and better residence can explore a vast array of residences any time they choose. After a home seller finds a buyer for his or her residence, this individual will have plenty of funds to pursue a superior residence as well.

3. You can embark on a new adventure.

Selling a home opens new doors for any individual, at any time.

For example, you can use the funds from your home sale to go on a cross-country journey. Or, you may choose to move closer to family members and friends in another area of the country. Regardless of which option you choose, you won't have to worry about being saddled to a home mortgage after you sell your residence.

Consider the short- and long-term ramifications of selling your house, along with what you'll do immediately following a home sale. By doing so, you can map out the next stage of your life.

Of course, if you ever have concerns or questions about selling a house, it is always best to consult with a real estate agent. With a housing market professional at your side, you can receive expert insights throughout the home selling journey.

A real estate agent will keep you up to date about offers on your house and offer honest, unbiased home selling recommendations. In addition, he or she is ready to respond to your home selling queries at any time.

Get ready to sell your home Ė meet with a real estate agent, and you can take the next step to add your residence to the real estate market.




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Posted by Brian OíNeil on 6/30/2019

If you're ready to sell your home, you may wonder if the time is right. Timing is truly everything when youíre selling a home. If you have some flexibility, it might be a good idea to wait to sell your home. Even with time constraints, there are a few strategies to employ that can help you find the sweet spot in your time frame.


The Month Matters


Itís widely accepted in the real estate community that the best time to sell a home is in the spring. Since people want to get moved in over the summertime, May could be the best month of the year to put your home on the market. 


Why Spring?


Springtime offers favorable weather conditions in most places. The good weather means that itís easy for buyers to get to open houses. Homes will also look more attractive with green grass and flowers blooming. Parents also want to get their kids settled into a new home and new neighborhood over the summer months before they start a new school. 


Competition


The favorable conditions along with the urgency of springtime buyers translate into more competition which equates to a better price tag for your home because buyers are willing to pay more due to the anxiety of wanting to find a place. 


The Day Of The Week Matters


Most buyers start looking for homes when they have free time which is generally on the weekend. That means the end of the week- preferably a Thursday- is a good day to pick to list your home. Homes that were listed earlier in the week will be farther down on the search page. Buyers will be more likely to see your listing first the later in the week that itís listed.   


Consider Your Needs


While timing is a good marketing strategy to sell your home, you need to go by your own timeline. If you need to move due to a job change or other life circumstances, you canít wait to sell. There are pros to selling during many different times of the year; it just may not be as busy or competitive on the buyerís side of things. Selling your home fast might not be a sure thing. No matter what time of year you decide to sell your home, just make sure itís inviting to buyers.         




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Posted by Brian OíNeil on 4/28/2019

The home selling journey is an exciting time, and for good reason. Ultimately, the home selling journey represents a period of endless possibilities. And for those who start planning ahead for the home selling journey today, they may be able to enjoy immense profits down the line.

What does it take to reap the benefits of a profitable home selling journey? Here are three tips to help you do just that.

1. Understand the Real Estate Market

The housing market may seem like a moving target at times. However, home sellers who analyze the real estate sector closely can identify patterns and trends and plan accordingly.

Home sellers can look at the prices of recently sold houses in their cities and towns to better understand the current state of the housing market. Then, these home sellers may be able to differentiate between a seller's market and a buyer's market.

Also, home sellers can assess the prices of available homes that appear similar to their own. This housing market data enables a home seller to understand how his or her residence stacks up against the competition.

2. Assess Your Home Both Inside and Out

It never hurts to upgrade your residence, especially if you want to optimize your house's value. Fortunately, a home appraisal makes it simple to assess your house's interior and exterior so you can determine a competitive price for your residence.

A home appraisal requires a property inspector to look at a house's interior and exterior. Following the appraisal, a property inspector will provide a home seller with a report that details the condition of a house.

For home sellers, it is important to review all of a property inspector's findings. This will enable home sellers to identify opportunities to enhance their residences and prioritize various home improvement projects.

3. Collaborate with a Real Estate Agent

When it comes to enjoying a profitable home selling journey, it pays to go above and beyond the call of duty. With a real estate agent at your side, you can take the guesswork out of selling your home and move closer to getting the best price for your residence.

A real estate agent is committed to client satisfaction, and as such, will go the extra mile to promote your residence to the right groups of homebuyers. That way, you can boost your chances of receiving multiple offers on your home as soon as it hits the market.

Plus, a real estate agent will set up home showings and open houses and negotiate with homebuyers on your behalf. He or she will even provide expert home selling recommendations at each stage of the home selling journey. As a result, a real estate agent will help you streamline the process of selling your house and maximizing your residence's value.

Don't miss out on an opportunity to enjoy a profitable home selling journey. Instead, use these tips, and you can improve your chances of selling your home at a price that matches or exceeds your expectations.




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