Wednesday, December 7, 2011
Investing in real estate? Work with a professional.
Tuesday, December 6, 2011
RE/MAX CEO Honored Among Top Women in Banking and Real Estate
Monday, November 7, 2011
RE/MAX International Launches a truly Global Real Estate Listing Website
Monday, October 3, 2011
To Handle Low-ball Offer, Minimize Emotion
It's a common scenario in today's real estate market: Sellers have their eyes on getting a certain amount for their home. Buyers make a low-ball offer that insults and offends the sellers and they refuse to even consider it. No sale.
How do you, as a seller, turn such a situation around in your favor to achieve a successful sale closer to your asking price? Your motivation plays a major role in your response, says Julie McCoy, a real estate agent with RE/MAX Accord in Lafayette, California.
If you want to sell a home quickly and a buyer is offering less but can close quickly, it's worth considering, McCoy says. When lower-than-expected offers come in, ask for an explanation from the buyer's agent and compare home sales to see how things stack up.
"The emotion has to be removed from the transactions," McCoy says. "Regardless of what kind of offers you receive, you can't take it personally. When someone writes a low-ball offer, it's not an indication of what your house is worth - but rather what they can afford."
Try to find wiggle room by negotiating the terms, such as the moving timeline, closing costs and repairs. You can gain back some money that way, McCoy says. If you're reluctant to touch the price but you're not having a lot of showings, seriously consider your motivations.
"When a seller says no to low offers, that means he or she will be carrying more payments on the house for a longer period of time," McCoy says. "If a seller can afford the daily cost of staying in the home and wants to get the best bang for the buck at closing, then there's not an urgent need to move. "
If you leave your gut reaction out of the equation, it's easier to make an informed decision on whether or not to consider a low offer.
"Motivated sellers will work with their agent, who then works with the buyer's agent, to negotiate - even if that involves countering," McCoy says. "It takes teamwork to arrive at a conclusion that everyone's happy with."
Tuesday, September 27, 2011
RE/MAX Bahamas Agent Spotlight - Zack Bonczek
After nearly 18 years of sales, and over 10 as a licensed agent/broker, Zack Bonczek is at the top of his game! He is the Sales Manager here at RE/MAX Paradise Realty and he is also on The Board of Directors for The Bahamas Real Estate Association and currently is The Chairman of The Education Committee.
Zack’s biggest focus in 2011 has been to become a great listing agent. Realizing there is an emotional attachment to property, his goals are to explain to seller’s the dynamics of the market, show them where their property fits into the market and to design a specific and tailored marketing plan to ensure success. Pricing properties right and executing the marketing plan has produced excellent results!
Zack takes pride in all of his endeavors and is especially keen on helping agents, both at RE/MAX Paradise Realty and in other companies, grow personally and professionally. It is a rare day when Zack doesn’t have some helpful advice to share with his colleagues. If you’ve never had the opportunity to work with Zack, give him a call or send him an email! You will not be disappointed!