How To Deal With Competing Offers

Ideally, you want to be the only buyer who makes an offer on a particular property. That way, assuming your price is acceptable to the seller, you’re almost certain to close the deal.

But, it doesn’t always work out that way. In the case of highly desirable homes, it’s very common for there to be competing offers.

So, what do you do if there’s a competing offer on a home you really want?

First, don’t panic. Just because there are other buyers interested in the property doesn’t mean you won’t get it. There are many factors that influence a seller’s decision to choose one offer over another.

For example, sellers are generally skeptical of offers from buyers who do not have a pre-approved mortgage, or have not yet put their own home on the market.

Conditional offers based on these factors are often a red flag. Most sellers will readily accept an offer conditional on a satisfactory home inspection. However, if there are other more stringent conditions – such as an offer conditional on the buyer selling his own home for a particular price, or an offer conditional on arranging satisfactory financing – many sellers will be reluctant to accept the offer.

Of course, it isn’t always possible to avoid including these kinds of conditions. That doesn’t mean you won’t get the home. A solid presentation of the offer along with my skilled negotiation can make all the difference.

6 Ways to Choose the Right Agent to Sell your House in Calgary

To be honest, selling a home is a very complicated process, it requires a thorough knowledge of the Real Estate Market in order for sellers to know the exact price for their property. Hiring a Real Estate Agent to sell your home is likely the right thing to do.

Here are the ways to choose the right agent in Calgary that can sell your home fast and hassle free:

1. Set the Price Right

The first factor to consider when selling a house is pricing the house correctly; your agent must pick the absolute right price tag that is based on how much the house is worth. When hiring an agent, sellers must consider an agent’s professional qualifications and skills in negotiation and pricing. An agent must have knowledge in the Calgary market area and acquired necessary training in order to pull exact market comparables and provide the desired price value for the house.

Sellers, on the other hand, must be cautious in choosing the real estate agents they hire to sell their home. Setting the home price too high is not a good idea, because it drives the potential buyers away, but putting it too low is neither a better idea because you do not want to leave money on the table; the best way is to know exactly how much the property is worth.

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Are you a first seller or selling your home for some other reason? Here’s a tip for you. Selling a house is a complicated transaction that needs thorough preparation. Here are the top 5 secrets to help you sell your home quickly and stress-free.

Secret #1. Make a deal with an Efficient Broker

Choose a broker that has a knowledge in your local area and can provide you with good selling suggestions. It’s also a point to look for a broker whom you are comfortable to work with and that really knows your needs. Make sure to conduct thorough interviews and ask recommendations from family and friends before making your decision.

Secret #2: Set the Price Right

Know and estimate how much your home’s worth. Always keep in mind that it is important to set a realistic and competitive selling price, not too high and not too low, just right. Also, make sure to consider the following factors that have a big influence on property’s value: year of construction, home amenities, community features, type of property material, the property condition, etc. Examine your property’s worth then estimate the value.

Secret #3: Always be ready to Show

Make sure that before opening your doors to potential buyers, it’s all clean and tidy inside and out. Make sure that your house is also show-ready at all times. Make sure to clean your windows, carpets, walls, ceilings bathrooms and sink. Your home should be free of dust, dirt and unpleasant odours. Also, don’t forget to upgrade your home, paint some light shades, change the curtains and put some plants in your front yard.

Secret #4: Make use of Modern Marketing Strategies

Selling your home needs planning, organization, and effective marketing. Make use of various media available: posts ads in the newspaper, classified ads online, websites and social media. Take some good snaps that showcase the best angles of your home.

Secret #5: Take an interest in the broker’s work

Make sure that you are there in every process of selling your home. Have a good open communication with your broker and know every detail in the process. Ask for weekly reports and inquire about the status of your property, also don’t be afraid to ask suggestions and advice from them with your property marketing strategies.

Want more tips on selling and promoting your listing? Call our team today!

5 Real Estate Myths You Shouldn’t Believe

Real Estate is a tricky business. While there may be a lot of perks accompanying this profession, there are also a lot of damaging assumptions and industry misconceptions. People often heard the bad and the good about this business, especially with all the tidbits of real estate facts floating on the internet. But no one can really deny that there are undoubtedly two sides to every story. And that there are many, MANY, real estate myths that can be found out there, too! But what is really the truth?

Here are the top five myths that you should never ever believe:

1. It’s a fast and easy process.

People always believe that working in real estate industry brings in fast and lots of money, worse, they think it’s easy. Well, it’s definitely not.

There are two incredibly important things that you need to know regarding real estate. One, it’s not just buying or selling a house. It’s helping people with the largest investment they may ever make to decide a home. Two, it takes time to build trust with clients.

Real estate needs to be taken seriously and responsibly, with patience and dedication and time. So yes, if you think this business is fast and easy, then think again.

2. Real estate is a simple business.

Well, to be fair, real estate at its very core is not complicated. But that definitely doesn’t mean it’s simple. Successful people in this industry don’t just sit back and relax and let their business grow on its own. With today’s increasingly competitive and complex real estate industry and technological advances, agents should use everything on their end to keep up the pace and give them an edge.

3. The market is steady and predictable.

The market is definitely NOT steady and NOT predictable. We all learned about supply and demand in both a four-walled classroom and, not surprisingly, every day. With wavy recessions that pop out during unexpected times, supply and demand can change fast all of a sudden, and a lot of real estate comes on the market at 50%.

4.You need a lot of money to start.

People would often argue that in real estate business, you need to have a lot of money to make a lot of profit. This is not particularly true. Real estate investing simply needs proper education, preparation, patience, and firm determination to reach a positive result. There are actually numerous ways to get started with very little money. However, it’s always up to you.

5. All agents are the same

No matter what other people say, this is the truth: NO two or three agents are the same, nor is their approach to real estate. Do not lump all real estate agents into the same bunch without really observing the differences in their approach, solutions to a problem, and achievements. Some are committed to excellence, some are adept problem solvers, and some just simply march to lower their own standards and do the bare minimum to get by. Again, they are never the same.

If you have questions about selling or buying a home, give us a call!

2018 Real Estate Year’s Resolution

As 2017 unfolds it is a good time to reflect on your life and business’s progress over the year and as you welcome another chapter in 2018 it is the high time to plan on how you want your business to develop and your life to improve. As you set out your plan for a better financial and personal goals in the next 12 months you need a couple of well-planned life goals and action plans. In every new year, resolution list real estate always has a spot whether you are buying or selling a home, a first-time buyer or loves investment properties. Whatever your real estate goal in 2018, you must keep in mind that decisions surrounding realty are not to be taken lightly and there are many effective steps along the way that can facilitate a smooth transaction.

If you are planning on buying or selling a home in 2018 then here’s a list of real estate resolutions to help make that happen!

Set your Budget.

In buying a new home One of the first steps you need to determine is what you’re able to allocate for a down payment and the associated costs of owning a home, including a mortgage.

While in selling a home it is important to begin to look at how you will be spending on the selling costs, that could include repairs, home inspection, commissions, and legal fees.

The MV Real Estate Group team can answer your questions regarding costs associated with selling or buying your home. We assure an easier process that leaves less room for unanticipated surprises!

Get Pre-approved.

Good results always start from preparing ahead of time. The best way to a hassle-free process is determining how much you can afford in buying a home. Get everything prepared and organized this include documents and paper works before meeting with a mortgage broker or starting bank transactions. It is also better to know when are the effective months to get your documents pre-approved. If you are planning to work with a trustworthy mortgage broker, we can make great local suggestions.

Get a Home Assessment.

If you are planning to sell your home finding a good Realtor can help you find out your home worth and meet your goals. Our company can help you in knowing how much your home cost in the current market. This is an essential data if your home proceeds will cover your next home purchase and the required mortgage.

Look for a perfect Neighborhood.

Finding your ideal neighborhood takes a couple of research and examination of the real estate areas you feel you would like to call your home. If you have a target area, take time to know the place and the type of community.  The MV Real Estate Group team can help you with this process- we are experts in the Calgary area.

Find the perfect agent.

Buying or selling a property will always require an assistance from a team you can trust.

From the moment you are thinking about your next real estate plans, still not in a position to purchase or sell at that moment or simply be looking for answers or guidance through the real estate process. We would love to help you find your dream home here in Calgary. Contact us today!


Why You Need A Real Estate Agent

The increase in numbers of services that assist home buyers and sellers finish their own real estate transactions is relatively recent, and it might make them ponder whether using a real estate agent is turning into a relic of a former time. If you think you can save you significant commission rates while doing the work yourself, it could wind up being more expensive than a realtor’s commission in the long run. Buying or selling a house is a major financial commitment. Discover why you shouldn’t dispose of the idea of hiring an agent just yet.

1.       Accessible and Convenient

A real estate agent will have easy access to all other properties listed by other agents because his/her full-time job is to act as a liaison between buyers and sellers.

2.       Knows how to negotiate

For buyers, your real estate agent can pass on your worries to the sellers’ agent. Acting as a messenger, the agent may be in a better position to negotiate a discount without ruffling the homeowner’s feathers. Acting as a messenger, the agent may be in a superior position to arrange a discount without annoying the homeowner.

3.       Is familiar with contracts

An experienced real estate agent deals with the same contracts and conditions all the time and knows about which conditions ought to be utilized and how to use the contract to protect you, whether you’re purchasing or offering your home.

4.       Neighbourhood Knowledge

Real estate agent either have profound learning, or they know where to discover the business buzz about your neighbourhood. They can recognize equivalent deals in the zone and hand these facts to you, in addition to pointing you toward the path where you can discover more information on schools, demographics, etc.

5.       Many individuals avoid using a real estate agent to save money.

Although it is improbable that both the buyer and seller will receive the benefits of not paying commissions. With the help of an agent, many properties are sold. This implies that the seller gets to keep the percentage of the home’s sale price that may some way or another be paid to the real estate agent.

Selling and buying a home can’t be done overnight. The process isn’t as simple as many people assume. There are a lot of factors to consider if you really want to get advantage of your real estate investment, call us today!​

Figure out how to set up your home for the market and sell it for the most cash

Here are some tips:

1. De-personalize
Store those pictures and keepsakes. REmoving those things enables buyers to envision themselves in the home.

2. Pricing it right
Regardless how well you stage, revamp and arrange your home, it is as yet essential to price the home properly. Discover what your house is worth. Consult a local real estate agent to see what comparable homes are going for in your area. It is important that the listing price is not out of line with other comparable homes in the market.

3. Declutter
Give away what you can, discard as much as possible of what remains, and pack the rest to prepare it to move. The more swarmed the house is, the smaller it appears.

4. Update the Kitchen
The kitchen is the most important room in a house. The advantages of redesigning your kitchen are endless. The most inexpensive kitchen updates include painting and new cabinet hardware. Use a neutral-color paint so you can give buyers a clear canvas where they can begin imagining their own particular style.

5. Stage the Outside of your Home
Stage the exterior with new paint, flawless landscaping and even furniture.

6. Allow an Open House.
Few out of every odd home is a candidate for an open house. Numerous a home buyer wants to purchase a home until the point that she spots an open house and falls in love subsequently.

7. Change the Light Bulbs
Lighting can be similarly as critical as furniture feng shui with regards to attracting home buyers.

8. Hire a Professional Photographer
Strong listing photographs have a major effect with regards to getting buyers over to your home.

9. Don’t Over-upgrade
You most likely won’t recover your cash back if you do an immense change before you put your home on the market.

10. Hire an Agent
You don’t need to know everything about selling real estate if you hire a real estate professional who does it right.
Why not hire a person with more education and experience than you? We’re all looking for more precious time in our lives, and hiring pros gives us that time.

Looking for help selling your home quickly and for the best price? Contact us today!

The Practically Perfect Open House

If you plan to have an open house to help sell your property, you will obviously want to make the best impression possible on potential buyers.

It is very important that all minor repairs be completed before the open house. Even a squeaking door can be a distraction to buyers.

Obviously, you’re going to make sure everything is clean and uncluttered. Also consider the lighting. Check that every room is well lit and that there are no burnt-out bulbs. This is especially important in darker spaces.

If you have pets, consider taking them to a “pet day camp” or kennel, or just take them for a long walk in the park. Pets and open houses are rarely a good mix. You don’t want buyers with allergies feeling uncomfortable.

If possible, remove personal items such as family pictures and trophies. Remember that buyers want to visualize themselves living in the home, and your personal items become a distraction.

Finally, avoid being home during your open house. Let me, as your REALTOR® be the host!