Lynn D'Avolio
Coldwell Banker Residential Brokerage | 801-597-2857 | lynn1@soldbylynn.com


Posted by Lynn D'Avolio on 5/16/2017

For homebuyers, finding a dream home may require many days, weeks or months. However, when the big day finally arrives, you'll want to submit the right offer to ensure you can secure your ideal residence quickly.

Unfortunately, making the right offer on a home can be tricky. If you submit a proposal that is far below a home seller's expectations, you risk missing out on your dream home entirely. Or, if you submit an offer that is above your comfort level, you may wind up paying more for a house that it is actually worth.

So what does it take to make the right offer on a home? Here are three tips that every homebuyer needs to know to ensure he or she can submit the perfect offer on a residence.

1. Use Housing Market Data to Your Advantage

The internet is a powerful tool, particularly for homebuyers. And if you search for housing market data, you should have no trouble finding the information that you need to submit an offer that matches your budget and satisfies a home seller's expectations.

For example, a homebuyer who finds a two-bedroom home that he or she would like to buy should consider the prices of comparable houses in the area. Also, be sure to look at what other homes in the same neighborhood may be worth and tailor your offer accordingly.

A wealth of real estate market data is readily available across the web, and homebuyers who use this information to their advantage can submit a reasonable offer on a house at any time.

2. Get Pre-Approved for a Mortgage

Although you may submit the best offer for a home, there is no guarantee that a home seller will accept your proposal if you lack the necessary financing. On the other hand, a homebuyer who receives pre-approval for a mortgage may be able to stand out to home sellers, and for good reason.

With pre-approval for a mortgage, you may be able to move through the homebuying process faster than other potential homebuyers. Thus, a home seller may choose your offer over others, as he or she will be able to minimize the risk that a deal could fall through due to a homebuyer's lack of financing.

3. Work with a Real Estate Agent

A real estate agent understands the ins and outs of both seller's and buyer's markets. Therefore, this real estate professional will offer tips and insights to ensure you can submit a fair offer on a residence.

Remember, your real estate agent is happy to help you in any way possible. And with this professional at your side, you can gain insights into the home seller's perspective. Plus, your real estate agent will be able to negotiate on your behalf to help reduce the risk of overspending for a house.

Find a real estate agent who boasts years of industry experience, and you can reap the benefits of unparalleled support throughout the homebuying journey.




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Posted by Lynn D'Avolio on 2/7/2017

Let's face it – buying a home can be difficult, especially if you are forced to negotiate with a stubborn home seller. Fortunately, we're here to help you simplify the negotiation process and ensure that you can secure your dream home quickly.

Here are three tips that will enable you to avoid stressful negotiations with home sellers:

1. Do Your Homework

If you submit a fair offer on a home from the get-go, you may be able to avoid a stressful negotiation altogether. As such, perform plenty of housing market research before you submit an offer to ensure that your proposal will meet a home seller's needs.

Examine the prices of comparable houses in your city or town prior to submitting an offer on a residence. This will allow you to understand whether a home seller's asking price falls in line with similar properties in the area. It also enables you to browse the real estate market and ensure that you are ready to submit an offer on a particular residence based on what's available elsewhere.

After you do your homework, submit a competitive offer on a home. If the offer meets the home seller's needs, he or she may accept it immediately. Or, if the home seller issues a counter-proposal, you can always decline the counter-offer and check out other properties.

2. Don't Lose Your Cool

A negotiation can be frustrating at times, but a patient homebuyer will be able to remain calm, cool and collected at all times.

During a negotiation, it is important to remember that both you and the home seller have similar goals. Ultimately, both parties want to reach a fair agreement, one that satisfies the needs of all parties involved. And if you can find common ground with a home seller, you may be able to streamline the negotiation process.

If you feel like your emotions are getting out of control during a negotiation, take a break. Remember, you can always go for a walk on your own and hang out with family members and friends to alleviate stress. After you perform a stress-relieving activity, you may be able to return to the negotiating table with a fresh outlook as well.

3. Work with a Real Estate Agent

When it comes to negotiating with a home seller, there is no reason to conduct a negotiation on your own. Instead, hire an experienced real estate agent, and this professional will negotiate with a home seller on your behalf.

Your real estate agent will keep you up to date about whether a home seller accepts, rejects or counters your offer on a house. He or she also will offer expert recommendation to help you secure your dream home at a price that matches your budget.

Employ a real estate agent to help you manage negotiations with home sellers – you'll be glad you did. Your real estate agent will help you avoid stress throughout negotiations, and as such, make it easy for you to obtain your dream residence.




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Posted by Lynn D'Avolio on 11/1/2016

Getting ready to buy a new home? You'll want to hire a real estate agent to guide you along the homebuying journey, as this professional will possess the skills and know-how needed to ensure you can find your dream home quickly. There are many great reasons for homebuyers to work with a real estate agent, including: 1. You Can Check Out a Wide Range of Homes That Fit Your Needs. Whether you're looking for a three-bedroom, two-bathroom home in the city or a small residence on the outskirts of town, a real estate agent can arrange home showings to ensure you can check out a variety of houses that fit your needs. Remember, a real estate agent works for you and will do everything he or she can to help you find your ideal residence. This professional will conduct research into homes that meet your criteria and even work with a home seller's real estate agent to make sure you can view a house at your convenience. 2. You Can Receive Expert Support During the Negotiation Stage. No homebuyer wants to enter the negotiation stage alone. Fortunately, a real estate agent will help you manage negotiations. Negotiations with a home seller can become contentious if you're not careful, but your real estate agent will go above and beyond the call of duty to help you get your dream house at the right price, regardless of the circumstances. 3. You Can Get Extra Help with a Home Inspection. Completing a home inspection is paramount before you finalize a purchase agreement with a home seller. And with a trusted real estate agent at your side, you should have no trouble finding a reliable home inspector who will be able to identify potential issues with a house before you buy it. Your real estate agent also can help you minimize stress if a home inspector encounters problems with a house. For example, your real estate agent will speak with a home seller to ensure any home repairs are completed before you finalize your purchase agreement. Thus, you'll be able to buy a home that you can enjoy for years to come thanks in part to the support provided by your real estate agent. 4. You Can Enjoy a Simple Closing Process. The closing process often represents the final step before you can move into your new home. Therefore, it is crucial to understand the paperwork that is included as part of this process and ensure you are comfortable with each form you sign. Your real estate agent, meanwhile, will be with you during the closing process and can explain the importance of each form. Furthermore, your real estate agent will be happy to respond to any concerns or queries and help you feel comfortable throughout the closing process. Ultimately, your real estate agent may play a key role in your ability to find the perfect house. As a result, be sure to spend some time interviewing prospective real estate agents in your area to find a real estate professional that you can collaborate with during each stage of the homebuying journey.





Posted by Lynn D'Avolio on 8/30/2016

Let's face it – paying monthly rent for your tiny apartment is no longer feasible. Instead, you need a bigger place to live, i.e. a house that you can enjoy for years to come. As a first-time homebuyer, exploring the real estate market may sound like a fun, exciting opportunity – and it is! However, you need to prepare for the housing market, and by doing so, you'll be able to improve your chances of finding your dream residence quickly and effortlessly. So what does it take to find the right home? Here are three ways to boost your chances of buying your ideal house: 1. Save Money Before You Buy a Home. You'll likely need to find a lender that can offer you a mortgage with an interest rate that fits your budget. And if you save money before you buy a house, you could improve your chances of getting a mortgage with a lower interest rate. Typically, having enough money to cover several months worth of a home's mortgage may make you a better candidate for a mortgage than other potential homebuyers. It also is important to keep in mind that saving money now may help you pay closing costs and other fees that frequently arise during the homebuying process. 2. Look at Both Your Income and Debt. Ideally, you'll want to establish a budget as you prepare to explore the real estate market, as this will allow you to determine which houses you can afford. When you create your budget, be sure to consider both your annual income and outstanding debt as well. Evaluating these factors will enable you to better understand your yearly expenses and ensure you're able to search for homes that fit your budget perfectly. Don't forget to consider your future earnings as you develop your budget, too. For instance, if you're a student who already has a job lined up after graduation, you may be able to handle a larger monthly mortgage payment. On the other hand, if you have a baby on the way, you may want to account for the expenses associated with a newborn as you pursue a residence. 3. Monitor Your Credit Score. For homebuyers, your credit score reigns supreme in the eyes of lenders. Thus, spending some time monitoring and improving your credit score may make it easier for you to move one step closer to landing your dream house. Remember, you're eligible to receive a free copy of your credit report from each of the three major credit reporting agencies (Equifax, Experian and Trans Union) annually. And if you review a copy of this report, you can understand where your credit score currently stands. If your credit score is low, you can improve it by paying off any outstanding debt. Furthermore, if you find an error in your credit report, be sure to notify the agency that provided the report to you to ensure you can fix this mistake; otherwise, the error could impact your ability to buy a house. Being a first-time homebuyer sometimes can be challenging. But if you use the aforementioned tips, you may be able to bolster your chances of purchasing your dream residence.





Posted by Lynn D'Avolio on 2/23/2016

When it comes to searching for a home, there are a lot of factors that you have to consider. This is especially the case if you are shopping for condos, as you will be sharing a lot of common space with your neighbors as well. The first thing to look into is the overall interactivity that goes on within the block of condos you are considering to make your home. In most cases, it is always better to find a condo that has an interactive community, because this in turn means that you never have to worry that someone might not be doing their part in keeping the block of properties maintained and in good condition. One thing to be careful of is that some communities do not allow pets, and so if you are looking for a condo for you and your pets, then you need to make sure that the community has no problem with this. In the end, you have to find a condo that is able to be comfortable to live in, and where there is the least amount of stress. While it can be very beneficial to live in a community, it can at times be stressful if you are not one to go by strenuous rules. For some people, the idea of owning a home means that they have the freedom of choice to do what they want in their property. One of the most important things to look into when buying a condo is the condo fees. What are they and what will they be down the road? Are they set condo fees, or could they become too costly to pay down the road? Some condos fees go up to the point that makes the great price you got on the condo not look so great because of what you are paying in taxes and condo fees. One of pluses of a condo is no maintenance and a lot of people really like that especially in your later years when you don’t want to mow the lawn or shovel the sidewalks. A condo is a great option for many buyers and you can generally get into a condo for a fair price.




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