Tony Economou - RE/MAX Advantage I

Posted by Tony Economou on 3/1/2018

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 – and maintain your flexibility throughout the home selling journey – 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 Tony Economou on 2/22/2018

When you put your home on the market, it would be nice if you could just put a “For Sale” sign out front, then the home would magically sell. Unfortunately, that’s not how it works. Most home searches begin online today. Then, buyers move to open houses and private home showings. Whether you live in a condo, townhouse, or a single family house, there’s ways that you can increase the amount of traffic to your home showing. The more people that see the property in person, the more likely someone is to buy it! You’ll need to work with your realtor to effectively market your home and make it easily available for home showings.

Don’t Require That Your Agent Be The Only One Who Shows The Home

The MLS is where properties for sale are listed and how realtors help their clients find homes. The listing should state that you have a lockbox available to allow other realtors to get into the home with a client. They will call first in order to set up an appointment for a showing. Also, don’t be restrictive for your showing times. Of course, your home won’t be available 24 hours a day, but you need to be flexible. Work with your realtor to set appropriate times for potential buyers to do walkthroughs. 

Outside The Box Marketing Strategies

Aside from simply listing the home and posting it on social media, try other marketing methods. Maybe you can do some direct mailing to the neighborhood in order to announce that the home is for sale and showings are available. You can also put ads for the home showing in the local newspaper, on Craigslist and on Facebook message boards.   

Don’t Forget The Buyer’s Agent Commission

Most likely, your listing agreement states that the buyer’s agent and the seller's agent are splitting the commission on your home 50/50. You can raise the amount of the commission and give the buyer’s agent a higher percentage to make the home more attractive to both realtors and buyers. Realtors are more likely to want to show the home, if they have a little extra incentive to bring clients to your home for sale. The money you get from the sale of your home is yours, so use a little of it to get your home sold faster, possibly for a better price.  

Organize A Neighborhood Open House

If there are a few other homes in the neighborhood for sale, ask your realtor to try and coordinate with other agents to hold all of the open houses during the same hours on the same day. Real estate agents tend to love to work together because it gives mutual benefits to both parties. This strategy will attract a larger crowd because people who attend one open house will drive by with curiosity, or notice how close the open house listings are together and plan to visit all of the showings during that day.

If you plan your home showings right alongside your realtor, you should have your home sold in a timely manner to the right buyer for a great price.

Posted by Tony Economou on 12/14/2017

Adding a condo to the housing market may seem difficult at first. Lucky for you, real estate agents can help you streamline the process of listing your condo, stirring up interest in your property and ensuring you can maximize its value.

What does it take to find the right real estate agent to sell your condo? Here are three questions that you should ask a real estate agent before you hire this professional to sell your condo:

1. Have you sold condos in the past?

When it comes to selling a condo, it is always better to err on the side of caution. Therefore, you may want to consider hiring a real estate agent with condo selling experience over a real estate professional who exclusively sells homes.

A real estate agent with condo selling experience may be able to offer insights that you won't receive elsewhere. For example, this real estate professional may be able to provide tips to help you enhance your condo without the risk of violating homeowners' association (HOA) rules.

Plus, a real estate agent with condo selling experience will understand how to manage home selling challenges that may arise. This housing market expert will be able to address such challenges quickly and limit their impact on the condo selling process.

2. What approach will you take to sell my condo?

As a condo seller, your goal is to sell your condo as quickly as possible and ensure you can get the best price for your property. Meanwhile, you should find a real estate agent who shares your goal and will do everything possible to promote your residence to the right groups of property buyers.

Initially, a real estate agent should learn about your condo selling needs. He or she will listen to your condo selling concerns and ensure you are fully supported throughout the condo selling cycle.

A real estate agent should be ready to promote your condo in a variety of ways too. From social media posts that highlight the size and beauty of your condo to open houses that enable property buyers to check out your residence, a real estate agent should go above and beyond the call of duty to showcase your condo.

3. Why should I hire you?

No two real estate agents are identical, and as such, you're sure to hear lots of different responses to this question. Consider a real estate agent's answer closely, and if you are satisfied with the response, you may want to move forward with this housing market professional.

For home sellers, it is essential to collaborate with a real estate agent who makes you feel comfortable. This real estate professional will communicate with you regularly and keep you informed at each stage of the home selling process. As a result, you'll never be left in the dark as you move closer to selling your condo.

Ready to sell your condo? Use the aforementioned tips, and you can hire a great real estate agent to help you simplify the condo selling process.

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Posted by Tony Economou on 10/5/2017

Planning to sell your house in the next few weeks or months? If so, you likely will want to declutter to improve your house's appearance and make it easy for potential homebuyers to envision what life might be like if they purchase your residence.

Ultimately, donating items may prove to be exceedingly valuable, particularly for those who want to declutter and move in the near future.

By donating items that you no longer need, you can quickly and easily remove clutter from your residence. Plus, you may be able to secure a tax credit for your charitable contributions.

Before you donate your items, however, you should take a close look at your personal belongings and decide which things to keep and which to give to charity.

Now, let's take a look at three items that you can donate to charity:

1. Clothing

If you intend to move from Florida to Alaska – or vice-versa – there may be a wide range of clothing that you can donate before you move.

Ensure that any clothing that you plan to donate is clean. If necessary, wash any dresses, t-shirts and other apparel that you intend to donate.

Also, it is always better to err on the side of caution when you donate clothing. And if you have clothes that are faded or torn, you should dispose of these items.

2. Electronics

For those who plan to downsize, donating electronics is ideal. That way, you can get rid of electronics that won't fit into your new home and do a good deed at the same time.

Evaluate your electronics and make sure they work correctly before you donate them. In addition, it often pays to tape any electronics cords, wires and accessories to the items themselves.

Check out a charity's electronics donations policies prior to scheduling a donation pick-up too. By doing so, you can guarantee that a charity can pick up and use your excess electronics.

3. Appliances

In many instances, an individual may move into a new address that comes equipped with a new refrigerator, washer, dryer and other appliances. If this happens, you may want to contact local charities to see if they can pick up your current appliances.

Reach out to a local charity to find out whether it can pick up your current appliances – you'll be glad you did. If the answer is "Yes," you may be able to avoid having to move big, heavy appliances on your own.

As the aforementioned list shows, there are lots of great items that you can donate to charity. Conduct an in-depth search of charities in your city or town, and you can work with a local charity that can use your excess items.

Lastly, if you ever have questions about which charities in your area will accept donations, don't hesitate to reach out to these organizations directly. And if you're looking for extra assistance as you declutter your residence and prepare to list your home, it certainly helps to contact an expert real estate agent as well.

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Posted by Tony Economou on 9/28/2017

Selling your home may prove to be a long, arduous process, particularly if you're unable to distinguish your residence from others on the housing market. Fortunately, there are many great household items that you can leave behind to differentiate your home from others and improve your chances of a quick sale.

Leaving various household items behind can serve you well in a number of ways. First, you'll be able to give homebuyers an incentive to purchase your residence if you leave custom or high-priced items that they might struggle to purchase elsewhere. You also will be able to simplify the moving process, as you won't have to worry about relocating numerous items that you leave behind when you move out of your current home.

There are many wonderful items that you can leave behind to boost your chances of a quick home sale, including:

1. Refrigerator

If your refrigerator complements your kitchen décor beautifully, it may enhance the appearance of your kitchen. Plus, this appliance could become a key component in a negotiation with a homebuyer that may make it easier for you to maximize the value of your residence.

Your refrigerator may have served you well for years, but you won't have to worry about investing substantial time and resources to move it to your new address if you leave this appliance behind. Also, if you offer your refrigerator as part of your home purchase, it may prove to be the difference between selling your home and keeping it on the real estate market for an extended period of time.

2. Big-Screen TV

The big-screen TV in your den, man cave or living room has helped transformed your ordinary living space into a fun, exciting area. Now, you'll want to consider including your big-screen TV in your home sale, as this could help you streamline the process of selling your house.

By offering your big-screen TV, you'll make it easy for a homebuyer to move in and enjoy a high-quality TV instantly. Furthermore, the big-screen TV may help a homebuyer save time and money, as he or she won't have to worry about finding a new television after purchasing your residence.

3. Washer or Dryer

Let's face it – un-installing and relocating a washer or dryer can be a time-consuming endeavor. And in some cases, you may even need to hire a plumber to perform this task properly.

Lucky for you, leaving your washer or dryer behind could prove to be mutually beneficial for you and a homebuyer.

As a home seller, you won't have to worry about allocating time and resources to move a large, heavy washer or dryer from your residence. For a homebuyer, he or she will be able to reap the benefits of a superior washer or dryer immediately.

Consider the household items that you'll leave behind before you add your house to the real estate market. By doing so, you can include these items in your home listing and improve your chances of selling your house quickly.

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