Tony Economou - RE/MAX Advantage I



Posted by Tony Economou on 7/6/2017

As a first-time home seller, it is important to avoid shortcuts. By doing so, this home seller may be better equipped than others to reduce the risk of accepting a "lowball" offer on his or her residence.

A lowball offer is something that every home seller would like to avoid. Yet a home seller who lacks real estate knowledge and insights may struggle to identify a lowball offer, particularly if he or she is listing a residence for the first time.

Ultimately, there is no need for a first-time home seller to settle for a lowball offer. Lucky for you, we're here to teach you how to identify a lowball offer in any real estate market, at any time.

Now, let's take a look at three tips to help a first-time home seller identify and address a lowball offer on his or her residence.

1. Learn About the Housing Market

The housing market often fluctuates, and a real estate sector that favors home sellers today may morph into one that favors homebuyers tomorrow. As such, a first-time home seller should allocate the necessary time and resources to monitor real estate market patterns and trends closely.

To learn about the housing market, it is essential to analyze available houses in your city or town. Furthermore, don't forget to assess available houses that are similar to your own.

Housing market data can provide pivotal insights that a home seller can use to stir up substantial interest in his or her residence. Plus, these insights can help a home seller establish a competitive price for a home, thereby reducing the risk of receiving a lowball offer on his or her house.

2. Understand Your Home's Value

For first-time home sellers who want to avoid lowball offers, a home appraisal is ideal. In fact, a home appraisal can make it simple for a first-time home seller to understand what his or her property is worth based on its current condition.

As part of a home appraisal, a property inspector will assess a house both inside and out. After the appraisal is completed, the inspector will provide a home seller with a report that outlines his or her findings. Then, a home seller can use the report findings to review a house's strengths and weaknesses and complete home improvements as needed.

A home appraisal can help a home seller uncover ways to bolster a house's interior and exterior. In addition, the appraisal can provide insights that highlight a home's true value and help a home seller minimize the risk that he or she will accept a lowball proposal.

3. Collaborate with a Real Estate Agent

A first-time home seller may be uncertain about how to proceed with an offer. Fortunately, real estate agents can provide unparalleled insights into the housing market and help home sellers make informed decisions.

In most instances, a real estate agent is happy to discuss an offer with a home seller. This housing market professional can offer honest, unbiased home selling recommendations to ensure a home seller can differentiate between a lowball offer and a strong proposal as well.

Avoid the danger of accepting a lowball offer on a residence – use the aforementioned tips, and a first-time home seller will be better equipped than ever before to accept the best proposal for his or her house.




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Posted by Tony Economou on 4/27/2017

Your real estate agent plays a key role in the home selling process. As such, hiring the right real estate agent may help you accelerate the process of selling your residence and maximize the value of your house. Typically, your real estate agent serves as a trusted advisor and will provide you with tips to ensure you're able to sell your residence as quickly as possible. And if you follow the recommendations provided by your real estate agent, you may be able to reap the rewards of a quick sale. There are many wonderful reasons to listen to your real estate agent throughout the home selling process, including: 1. Industry Experience Your real estate agent understands the ins and outs of the housing market. As a result, he or she likely possesses extensive industry experience and can offer actionable tips to help you sell your residence. As a home seller, you can depend on your real estate agent and his or her years of experience to help you better understand what it takes to sell your home. From listing a home to streamlining the closing process, your real estate agent knows all about the home selling process. Therefore, this professional can offer expert guidance that will make it easier for you to progress along each step of the home selling journey. 2. Successful Track Record Your real estate agent has been able to sell homes consistently, regardless of the market conditions. Thus, this professional recognizes what it takes to promote your residence to prospective homebuyers and generate significant interest in your home. Hiring a real estate agent with a successful track record usually is ideal. With this professional at your disposal, you're sure to enjoy continuous support from a professional who is committed to helping you achieve your home selling goals. Furthermore, a real estate agent with a successful track record should be able to help you overcome myriad potential problems that could arise during the home selling process. Whether it's a tough negotiation with a homebuyer or ensuring that you're able to host an open house on a specific date, your real estate agent's reputation is a great indicator that he or she will do everything possible to ensure you're fully satisfied with the end results. 3. Honesty Let's face it – your home is in good condition, but it is far from perfect. Fortunately, if you listen to your real estate, you'll be able to use his or her honest recommendations to improve your residence and make it more attractive to homebuyers. Your real estate agent is fearless and won't sugar-coat bad news throughout the home selling process. In addition, this professional will tell you how an outdated furnace or messy front lawn could impact homebuyers' perspectives of your residence and work with you to make home improvements without delay. Remember, your real estate agent has one goal: to help you sell your home. And if you listen to the advice that this professional provides, you'll be better equipped to find the right homebuyer for your residence in no time at all.





Posted by Tony Economou on 12/29/2016

You've added your home to the real estate market, and the offers are already beginning to arrive from interested homebuyers. However, you're still a long way from finalizing the sale of your home, and there likely will be many hurdles that you'll need to overcome before you complete the home selling journey. Stress is common for many home sellers, regardless of whether you're selling your home in a buyers' market or a sellers' market. Fortunately, we're here to help you minimize stress as you move closer to finalizing the sale of your residence. Here are three tips to ensure you can limit stress as you sell your home: 1. Plan Ahead. What will happen if a homebuyer decides to back out of a deal after a home inspection? Or, how will you respond if a homebuyer asks you to complete home repairs? Plan ahead, and you'll be ready to deal with a wide range of scenarios that could arise during the home selling journey. The home selling journey is rarely, if ever, a clear-cut path. But home sellers who dedicate time and resources to plan for a variety of scenarios will be able to respond quickly and effectively in tough situations. Also, planning ahead may improve your chances of remaining calm, cool and collected under duress. And ultimately, you'll be better equipped to minimize stress throughout each stage of the home selling journey. 2. Give Yourself Plenty of Breaks. The home selling journey may move fast, but don't forget to take some time for yourself. By doing so, you'll be able to focus on what's important – your personal well-being and happiness. For instance, spending a day at the beach with friends, enjoying a mini-vacation or even going for a short walk around the block enables you to take a break from the hustle and bustle of the home selling process. Even spending an hour a day relaxing can deliver long-lasting benefits for a home seller. Remember, any time you devote to yourself will help you minimize stress and improve your chances of maintaining a positive outlook. 3. Work with a Top-Rated Real Estate Agent. Who says you need to deal with the stress of selling your home on your own? Instead, work with a top-rated real estate agent, and you'll be better equipped to stay calm throughout the home selling process. Your real estate agent should be able to put things in perspective as you progress along the home selling journey. As such, you'll want to find a top-rated real estate agent to ensure you can receive support from a qualified professional as you sell your residence. A skilled, talented real estate agent will be able to handle tough negotiations with a homebuyer and ensure you're able to get the best price for your home. Plus, this professional will provide you with a trusted resource and will respond to any of your concerns and questions. Don't let stress get the best of you as you sell your home – use these tips, and you'll be able to remain confident and relaxed throughout the home selling journey.





Posted by Tony Economou on 12/15/2016

Staging your home for potential buyers can be quite the hassle. You may start moving your furniture around spontaneously, or become tense when your children or spouse make messes in a room that you just prepped for show. With all of the planning that one can put into making their home shine, one crucial step in home staging is often overlooked: your family pet. For the sake of simplicity, I will outline a few things that you must keep in mind when cleaning up after your pet in a home for sale. Pet presence - For obvious reasons, some pets can't leave the house. Giant enclosures, aquariums, and disabled pets are hard to relocate sometimes, and a lot of people will be understanding of this. But if your dog or cat is healthy, then you'll want to strongly consider relocating your pets temporarily. Many people aren't pet owners, and don't like being around an excitable golden retriever or a yippy chihuahua when they are trying to imagine their family occupying your home. Remember....You are trying to make the potential buyer as relaxed as possible. Ask a friend if they wouldn't mind looking after your loved one for a bit, and if all else fails, look into a reputable boarding service for your pet. Fur - Fur can get everywhere. Even in places that you, as a resident of your home, don't necessarily notice all of the time. Be sure to give your couches, chairs, and love seats proper attention. That means taking the pillows and cushions off, and using a hand vacuum or brush to remove all of the fur you see. After you are sure that they are thoroughly cleaned, use a fabric freshener to finish it off. Try to do this well in advance of the potential buyer, as some people have sensitivities to fabric fresheners. Litter - No matter what kind of animal you have, odds are you have do deal with some form of waste. It may sound pretty obvious, but make sure your litter beds are clean and well hidden. Even if you own an exotic pet like a reptile of amphibian, this includes you too. Many people don't like snakes, but they'll like a messy snake cage even less. Another important thing to remember as an exotic pet owner is this: even though you may not be able to smell anything offensive coming from your reptile's cage, that doesn't mean that there isn't an odor. Many people who live with reptiles get used to the subtle odors that emit from the cages, and will tend to spot-clean their animal's cage without giving it the proper scrub-down that it needs. Odors - Don't use air fresheners to mask pet odor. It is meant to freshen the air...Not cover pet odors up. Instead, use powdered cleaners on carpets and rugs that your pets frequent. These can be purchased at your local pet store in the cleaning isle. Odds are, if someone has a severe allergy to animals, then they are going to be at risk of having a reaction. The cleaner the house, the less dander will be in the home.




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Posted by Tony Economou on 7/21/2016

Why isn't your house selling? It may not be the market, instead it could be what you are or are not doing. Believe it or not you can ruin your chances of selling your home. So, how can you capture the attention of potential buyers? Read on to find out if you are making any of these mistakes. Missing or Bad Photos Buyers love to look at photos. They love to look at lots of photos so include lots of photos in your online listings. There is such a thing as a bad photo though. Pictures of unattractive rooms, toilets and messy areas can also turn a buyer off. Make sure every photo has great light, shows off your home and shows a neat and clean home. Place the best shots at the beginning so it is the first thing the buyer sees on the listing site. Lack of Curb Appeal Most buyers will search for homes online and then jump in the car and drive by. If your home has bad curb appeal they may eliminate it before they even walk through the front door. Be sure to create curb appeal by trimming the trees, fertilizing the lawn, and sprucing up the landscaping. Remember first impressions mean a lot. Bad Advertising The words that advertise your home are vitally important. Avoid clichés and instead use your creativity and talk about the best features of your home. You only have so much space for text so make it count! Price Too Low/High Pricing a home too high won't produce an offer, but sometimes pricing it too low leaves buyers wondering what is wrong. Use a real estate professional to help you strategically price your home to sell in the current market. You're Hovering When potential buyers are looking at your home there is nothing more awkward than finding the homeowner is still there. Buyers can't picture the home as their own if you are there. When the house is being shown make sure you are not home. There are things in your control in the selling process of your home. Take the time to make sure your home is staged and looks ready to sell and avoid the above mistakes and you should have a sold sign in no time.







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