Tulsa Real Estate Tips: How to Attract Buyers to Bid on Your Home

Putting your home on the market at the right price and marketing it through 3D virtual tours and property videos are ways to entice buyers to come and see your home in person and make an offer for your property. Many real estate agents have great success when they practice this.

Open houses are great for the realtor to get to know the neighbors and help spread the word that the house is on the market. Open houses are no longer necessary, however, if the home is marketed properly.

How exactly do you get more bids, maybe even start a bidding war among your prospective buyers? Here are tips on how to do it.

Do a thorough absorption rate analysis and position the home right where it needs to be

The best strategy for getting buyers to make an offer, therefore is to price the home right where it needs to be.  Too high, over-pricing the property, will make it invisible to buyers searching on the internet.  Under-pricing can spark a bidding war, and that is exactly what you want.

Real Estate Tips: What to Do When Your Dream Home is Beyond Budget

If you are currently on the market for a new home, you may have realized that the properties you’re interested most carry a bigger price tag than what you have in mind. Though it can be disheartening, don’t lose hope yet—a few tricks maybe all you need to make that dream home yours.

Work out the best mortgage for you instead of just blindly settling for a 30-year fixed mortgage

There are as many mortgage rates as there are providers. Instead of the usual 30-year fixed mortgage, you might want to learn about other options such as an adjustable rate mortgage that spans five, seven, or even 10 years. Today’s millennials would be better off picking the latter option.

Look into financial assistance programs to help you get the home

Most real estate buyers today would be selling their home in less than 10 years. Choosing a loan type that considers this detail can result in lower upfront payments. You can also look into non-typical private mortgage insurance options, such as having it paid by the home seller or even the lender. This can help you achieve lower monthly payments, so it’s definitely worth looking into.

Negotiate with the seller with professional help from an experienced Realtor

If you don’t try to negotiate, you’ll never know how much you can lower the price further. A seller may be in a rush to dispose of the property due to a move, a financial need, and so on. Haggling smartly is a great way to help you afford your dream property. If it presents too much of a challenge, you can always work with an experienced Realtor who can negotiate expertly on your behalf.


Source:
Is Your Dream Home Out of Your Price Range? There's Hope Yet, Realtor.com

Have a Convenient Time Searching for the Perfect Real Estate for You

Wouldn’t it be nice if you can find a house easily without spending a lot of time going around just looking at options? This is especially a huge help if you’re having a hard time juggling your schedule between your work and taking care of the kids.

Having to deal with house-hunting duties does not have to be overwhelming and impossible. If there’s one thing you should do to earn the convenience you seek in the process, it’s to hire a skilled and trusted real estate agent.

Real Estate Tips: Rules to Follow When Making an Offer on a House

The road to buying a house can be full of confusing turns and rough patches. To make the entire experience quick and easy, a number of people work with real estate professionals who can provide them with valuable advice and guidance. If you already found a dream home or maybe just a lovely property that has piqued your interest, having a real estate pro on your side can guarantee that you do things right and to your advantage, especially when you make an offer.

Things to Include When Making an Offer

The purchase offer is a comprehensive document and process that real estate agents know like the back of their hands. Consider the offer as the “binding sales contract” so it needs to be detailed and specific as possible, leaving no room for misinterpretations. Given its important role in the final sale, the offer should include key details such as the address and legal description of the property, terms of the sale, sale price, target date for closing, insurance provisions, amount of the earnest money deposit, and other contingencies (i.e. home inspection, financing).

Not Too Low and Not Too High

There is a fine line between a good and a bad offer. Make a good offer and the house is yours; make the mistake of going too low and you can say goodbye to your ideal home. When you consult a real estate pro in your area who knows the usual prices and comparative value of properties, you’ll have a clearer picture of the best offer to make. This ensures that you get the most of your investment and enjoy enough savings without insulting the seller or property owner.

Real estate offers can be tricky but you can take the uncertainty and complexities out of the equation by working with a professional from an established real estate firm.

Source:

The Basics of Making an Offer on a House, Realtor.com

3 Important Real Estate Questions that Homebuyers Often Forget To Ask

Buying a home can be an exciting experience, albeit it can be plenty overwhelming at times. After all, the process involves a serious commitment, a huge investment, and there are so many details to keep track of. With so much to take in, it can be easy to forget some of the important details about the home that you intend to purchase. To avoid making a grievous mistake, here are three real estate questions you should never forget to ask the home seller or his agent.

What’s the sales history of the house?

Knowing the property’s sales history can offer important information about how much current and past owners paid for it. This can give you a sense of how much the sellers expect you to pay.

What are the monthly maintenance and utility costs?

Find out how much upkeep the home requires, and if there are any extra fees that you should worry about, such as homeowners associations fees and the like. What kind of power does the house use, and what is the average monthly bill? This can tell you if the home’s expenses are within your budget or not. Does the house come fully furnished? Learning about the warranties on the appliances can give buyers an idea on when they might need to be replaced.

Are there any previous problems with the house, such as plumbing issues or pest infestations?

Aside from sales history, you also need to know the property’s actual history. If the home has experienced massive problems before, have they been completely taken care of, or is it possible that they can keep coming back? Some problems are deal breakers for homebuyers, so it pays to know the potential issues that you may face.

Source:

10 Essential Questions to Ask When Buying a Home (That You May Have Missed), realtor.com

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Tulsa Fast Becoming a Real Estate Prime Destination for Homebuyers

The real estate scene in the Tulsa area is more robust than ever. Those looking to buy and sell houses from the area should make the most out of the opportunity to grab the property that they like.

For Good

According to local realtors, they are seeing more positive attitude from those coming into the area to buy properties. Whereas folks used to only come in to buy houses for investment, they are now actually looking for houses that they could stay in for good.

This is definitely great news for the community, particularly coming from a time when residents would also be off selling their houses not too long after they’ve acquired it themselves. Now that Tulsa is becoming more attractive for families and home-seekers, it’s up to the local real estate industry to step up their game and maintain the momentum that they have gained thus far.

Faster Turnover

These observations are not without basis, too. According to statistics as of July 2016, a house now only stays some 38.3 days on the market. This is a much shorter number of days compared to that of the same month from last year.

This improved turnover time from buyer to seller can also be attributed to the fact that homebuyers are more aggressive in going after the properties they like. In fact, real estate inventory in the area has been found to have decreased by as much as 12.43 percent in the last couple of years.

Neighborhood Developments

What could be causing this change in attitude from homebuyers and sellers alike? Local real estate practitioners are pointing to the ongoing development of the Brady District, as well as amenities like A Gathering Place.

With improvements like these happening, there are more reasons for people to become enticed to come over and stay. Whatever the reason may be, there’s no denying that there’s no better time than now to get your own real estate property in Tulsa with the help of a professional real estate agent.


Source/s:

Tulsa area increasingly seen as destination for buyers. Tulsa World.