Should You Reject an Offer to Purchase?

In some instances, it may be beneficial to reject an offer to purchase your home. Because if a homebuying proposal fails to meet your expectations, you may want to wait for another offer to come your way.

Reviewing a homebuying proposal and determining whether to reject this offer can be tricky. But we’re here to help you evaluate an offer to purchase so you can decide the best course of action and feel confident about your choice.

Now, let’s take a look at three tips to help you assess an offer to purchase and determine whether to decline.

1. Review the Local Housing Market

The housing market in your city or town is a major factor in the property selling journey. If you’re selling your residence in a buyer’s market, you likely face steep competition to sell your house and maximize its value. Comparatively, if you’re operating in a seller’s market, there may be an abundance of buyers and a shortage of sellers in place.

Take a look at the prices of recently sold residences and how long these properties were listed before they sold. You may want to consider the prices of currently available houses in your area that are similar to your residence too. With this housing market data in hand, you can differentiate a buyer’s market from a seller’s one and take a data-driven approach to decide how to proceed with an offer to purchase.

2. Weigh Your Home’s Strengths and Weaknesses

You believe your home is great, but you also realize that your residence is far from perfect. As such, it often helps to weigh your residence’s strengths and weaknesses relative to an offer to purchase and proceed accordingly.

For example, if a homebuyer submits a competitive offer to purchase your home in spite of its exterior damage, you may want to accept this proposal. On the other hand, if a buyer submits a “lowball” offer on your recently upgraded house, you may want to decline this proposal.

3. Consult with a Real Estate Agent

If you’re unsure about whether to reject an offer to purchase, there is no need to worry. You can always hire a real estate agent, and this housing market professional can provide comprehensive support throughout the property selling journey.

A real estate agent is ready to help you in any way possible. If you need help listing your residence and promoting it to prospective buyers, a real estate agent can assist you. Or, if you want to find innovative ways to enhance your residence’s curb appeal, a real estate agent can provide home exterior upgrade recommendations.

Of course, a real estate agent will work with you to review any offer to purchase your house. You and your real estate agent together can discuss the pros and cons of a homebuying proposal and make a decision that corresponds to your house selling goals.

Take the guesswork out of reviewing an offer to purchase – use the aforementioned tips, and you can decide whether rejecting a homebuying proposal is the best option.

Is Taking Your Shoes Off in the House a Fad?

In many cultures, wearing the same shoes in the home that are worn out of doors is frowned upon. Of course, in some places where you both sit and sleep on pillows or mats on the floor, removing shoes seems logical and even mannerly. But in our fast-paced get in and out the door lifestyle is there a good reason to ask family members and guests to remove their shoes?

What science says

It seems that removing shoes upon entering the home is a hygienic practice. University of Houston researchers discovered that the shoes of about forty percent of those tested carried the Clostridium difficile bacterium spores. These spores live on dry surfaces for long periods and are challenging to treat with antibiotics. So, you could traipse around with potentially harmful spores on your shoes for days. 

Another study by the University of Arizona showed that an average pair of shoes contained nine different strains of bacterium including the dangerous E. coli that causes intestinal upset, vomiting, and diarrhea. Additionally, Klebsiella pneumoniae, which can cause pneumonia and severe lung damage showed up on many shoes. Infections from this bacterium cause death in 50 percent of the general population and a much higher percentage in those suffering from alcoholism.

In addition to the bacterium, shoes tested contained other nasty stuff like bird and animal feces, dead insects, vehicle oil and myriad other gunk that has the potential to cause illness or allergic reactions in many people, especially immune-compromised young children and the elderly.

What to do instead

Set up a shoe station in your home. If you have a mudroom, this is the perfect place. Provide each family member with a place to store their shoes on a rack or in a basket and keep handy a pair of slippers to put on. Keep a shoe rack and guest slippers in various sizes near the front door or in the coat closet so that you can furnish them to visitors to your home.

Some advantages of removing shoes at the door are less cleaning outdoor debris from the carpets and floors, fewer fears of your toddler picking up and placing in their mouth something dragged in from outdoors on someone’s shoe.If you live in a multi-story building, your downstairs neighbors will rejoice at how quiet your slippers are on the floor above their heads.

If you’re showing your home for sale, let your agent know to request that guests remove their shoes and where to find temporary slippers while they view your home.

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Avoid a Home Selling Crisis

Selling a house may prove to be problematic, particularly for individuals who fail to allocate time and resources to learn about the real estate market. Lucky for you, we’re here to help you navigate the housing sector and ensure you can avoid home selling crises.

Now, let’s take a look at three tips to help you list your residence and maximize its value.

1. Create an Informative House Listing

Think about your house’s pros and cons. Then, you can put together an informative home listing that makes it easy for buyers to fall in love with your residence.

Of course, when you craft a home listing, it pays to be honest. If you include pertinent, accurate house information in your listing, you can help buyers determine whether your residence is the right choice.

Don’t forget to incorporate high-resolution photos into your house listing too. If you include home listing photos that showcase the size and beauty of your house, many buyers soon could set up showings to view your residence.

2. Conduct a House Appraisal

When it comes to selling your house, it helps to establish an aggressive initial asking price. That way, you can list your house at a price that matches or exceeds buyers’ expectations.

Establishing an aggressive initial asking price for your home, however, may prove to be difficult. But if you conduct a house appraisal, you can get a home valuation from a property expert to help you set a fair price for your residence.

In many instances, a homeowner can receive a house appraisal report within a few days. Once you have this report at your disposal, you can review your property valuation and set an aggressive initial asking price for your home.

3. Employ a Real Estate Agent

There is no need to embark on the home selling journey alone. Thankfully, you can hire a real estate agent who is unafraid to be honest with you at each stage of the home selling cycle.

A real estate agent understands exactly what it takes to sell a house, regardless of the present housing market’s conditions. As such, he or she will work with you to determine the best way to streamline the home selling journey.

Oftentimes, a real estate agent will learn about you and your home selling goals. He or she then will craft a custom home selling strategy designed to help you achieve the optimal results. Next, a real estate agent will promote your residence to dozens of potential buyers and set up home showings and open house events. And if you receive an offer to purchase your home, a real estate agent will help you examine the pros and cons of this proposal and make an informed decision.

Don’t let problems get the best of you during the home selling journey. Instead, use the aforementioned tips, and you can reduce the risk of problems that otherwise can prevent you from enjoying a fast, profitable house selling experience.