RE/MAX Executive Realty



Posted by RE/MAX Executive Realty on 5/31/2020

No two vacation residences are alike. As such, it pays to be diligent as you conduct a search for the optimal vacation home. Otherwise, you risk purchasing a vacation house that fails to accommodate your long-term needs.

Ultimately, there are lots of things you can do to find a vacation home that complements you perfectly, such as:

1. Establish Vacation Home Must-Haves

Think about the features you want in your vacation home. By doing so, you can hone your vacation house search to residences that offer the features you want.

For example, if you want a vacation home that includes a state-of-the-art heating and cooling system, you can focus on finding a house that offers this system. Or, if you would prefer a vacation house that boasts an in-ground swimming pool, you can explore residences that offer this amenity.

Don't forget to make a list of preferred cities and towns for your vacation home, too. With this list in hand, you can check out residences in cities and towns that meet your expectations.

2. Create a Homebuying Budget

A homebuying budget is crucial, particularly for an individual who wants to purchase a vacation residence as quickly as possible. Because if you know how much you can spend on a vacation residence, you can focus on houses that fall in line with your finances.

To establish a homebuying budget, it often helps to meet with banks and credit unions. These financial institutions employ friendly, knowledgeable mortgage specialists who can help you evaluate different mortgage options for a vacation home. Plus, if you have any mortgage concerns or questions, these specialists are happy to respond to them.

3. Collaborate with a Real Estate Agent

When it comes to searching for a vacation house, there is no reason to work alone. In fact, real estate agents are available in cities and towns nationwide, and these housing market professionals can help you take the guesswork out of finding and acquiring a quality vacation residence.

A real estate agent works with a homebuyer and helps this individual achieve his or her desired results. Thus, if you want to find a vacation home in a warm-weather destination, a real estate agent can help you do just that. On the other hand, if you would like to purchase a budget-friendly vacation residence, a real estate agent will help you map out your house search accordingly.

Let's not forget about the guidance that a real estate agent provides throughout the vacation homebuying journey, either. A real estate agent goes above and beyond the call of duty to help a homebuyer achieve the best possible results. They will work closely with you throughout the property buying journey, and as a result, will make it simple for you to purchase a first-rate vacation residence.

Kick off a successful vacation home search – use the aforementioned tips, and you could accelerate the process of purchasing a superb vacation residence.




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Posted by RE/MAX Executive Realty on 5/31/2020


Photo by Fizkes via Shutterstock

Months of searching, attending open houses, and viewing available homes finally paid off. You’ve found the perfect property in the perfect neighborhood for the perfect price. You’re ready to make an offer. Then, it happens, you get the dreaded call from your agent telling you there are multiple offers on the property. How does that happen?

Reasons for Multiple Offers

Re-marketing. Remember, the listing agent has the legal and fiduciary duty to the seller to seek the highest price possible. Not only does the higher offer pay the agent more, but it also gives the seller more to work with. As the listing nears its expiration, the agent has an incentive to market it more aggressively so that they can earn their commission. That means more open house events, changes to the listing to bring it back into focus even if it’s been on the market for a while, and other marketing tools.

Inventory shifts continuously. That means at any given moment, fewer houses on the market puts the home you want on more buyers’ radars. Even a house they looked past a month ago might interest them today. This is especially true when you use narrow search parameters because everyone else using those parameters sees the exact same homes.

Buyer demographics align. If you chose to wait until the end of summer, or after the holidays for family reasons, the chances are high that a bunch of other folks did as well. If you’re an empty-nester and waited for fall to start looking, so did other buyers in similar life situations. They’ll like the same things about it that you like.

New listings. Buyers that have lost out to multiple offers in the past now know better than to “sleep on it” when they see a new house available that fits their needs. The typical multiple-offer scenario happens within the first two weeks of a listing reaching the market. This is true particularly if the home is priced right, has curb appeal and desired upgrades or renovations in a preferred neighborhood.

Pocket listings. A so-called “pocket listing” is when a seller’s agent knows a home is going on the market but is not yet listed, and it that appeals to certain buyers to whom they give the head’s up. Some pocket “buyers” ask for notification when there’s another offer. Since the listing agent represents this buyer, there’s nothing stopping their agent from helping them present a better offer than yours. Ask your agent to learn if the other offer is from a client of the listing agent since it makes a difference in how you craft a counteroffer. Options include increasing your offer, your agent could reduce their commission, closing without contingencies, etc.

Trust your agent’s advice on preparing a counteroffer and whether submitting a personal letter with the offer is a promising idea. In some cases, it’s about the bottom line; but in others, it’s an emotional decision to sell a home.




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Posted by RE/MAX Executive Realty on 5/31/2020

If your home has lingered on the real estate market for many months, there is no need to worry. Revisit your home selling strategy, and you can find innovative ways to promote your house to the right groups of buyers.

Now, let's take a look at three tips to help you revamp your home selling strategy.

1. Consider the Homebuyer's Perspective

One of the reasons why your house might have failed to generate interest from homebuyers is you have not effectively accounted for the buyer's perspective. Fortunately, now is a great time to take a fresh approach to highlight your home to dozens of prospective buyers.

Think about why you bought your house in the first place. Then, you may be better equipped than ever before to prioritize home upgrades and ensure your residence matches or exceeds buyers' expectations.

Furthermore, it may be beneficial to cut down on clutter inside your house. Because if you have a clutter-free home, you can make it easy for buyers to envision what life may be like if they purchase your residence.

2. Assess Your House Listing

A home listing is important, particularly for a seller who wants to stir up significant interest from buyers. If at first your home listing misses the mark with buyers, you can always revise it as needed.

Ensure all of the information included in your home listing is accurate and up to date. That way, you can help buyers make an informed decision about your residence.

In addition, include high-resolution photographs in your home listing. With top-notch photographs incorporated into your home listing, homebuyers can view each room of your house at their convenience. Plus, these photographs may help you differentiate your residence from other available houses.

3. Reinvent Your Home's Curb Appeal

Curb appeal can make a world of difference in any housing market, at any time. If you enhance your house's curb appeal, you may be able to move one step closer to selling your house.

Trim the hedges, mow the lawn and perform other home exterior improvements as soon as possible. Also, if you need assistance with home exterior upgrades, you can always reach out to landscapers and other home improvement professionals for support.

Hiring a great real estate agent may help you streamline the home selling journey too. In fact, a real estate agent who understands the ins and outs of the housing market can offer lots of guidance as you sell your home.

A great real estate agent will set up home showings and open house events, negotiate with a buyer's agent on your behalf and help you prepare for a home closing. And if you ever have concerns or questions along the home selling journey, a real estate agent is available to respond to them.

Accelerate the home selling journey – use the aforementioned tips, and you can rework your home selling strategy and boost the likelihood of a fast, profitable home sale.




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Posted by RE/MAX Executive Realty on 5/24/2020

Looking to move out of a big city? Relocate to a small town, and you can enjoy the simple joys of small town life.

Many people prefer the small town lifestyle, and for good reason. In a small town, you won't have to worry about excess traffic or noise. Plus, many homes are available in small towns nationwide, ensuring you should have no trouble discovering a wonderful residence without having to worry about breaking your budget.

Kick off your search for a small town home today – here are three tips to help you secure a terrific small town house.

1. Study the Local Housing Market Closely

What are you looking for in a small town home? Ultimately, you'll want to consider exactly what you'd like to find in a small town house before you conduct your search for the ideal residence.

Creating a checklist of must-haves is essential. With this list, you'll be able to examine available homes in a small town and narrow your search accordingly.

Also, don't forget to examine the prices of recently sold houses in a small town. This housing market data will enable you to differentiate between a seller's market and a buyer's market.

2. Get Financing Before You Start Your Home Search

Can you afford a small town home? It all depends on the financing at your disposal.

Meet with several banks and credit unions to explore your mortgage options. That way, you can learn about fixed- and adjustable-rate mortgages and obtain financing.

If you ever have concerns or questions about home financing, be sure to ask a lender for assistance.

Remember, banks and credit unions employ mortgage professionals who are happy to help you in any way they can. These mortgage experts can teach you about different types of mortgage and offer personalized mortgage recommendations, ensuring you can get the financing you need to make your homeownership dreams come true.

3. Collaborate with an Experienced Real Estate Agent

When it comes to the real estate market, it is always better to err on the side of caution. Fortunately, real estate agents are available in small towns and big cities alike and will do whatever it takes to help you find a great house.

Hiring an experienced real estate agent who understands the properties that are currently available in a small town is vital. This real estate professional will offer tips throughout the homebuying process, guaranteeing that you can make informed decisions at every stage.

Perhaps best of all, an experienced real estate agent will take the guesswork out of buying a small town home. He or she will set up home showings and open houses, keep you up to date about new properties as they become available and negotiate with home sellers on your behalf. As a result, this real estate professional will streamline the process of going from homebuyer to homeowner.

Take the next step to acquire a home in a small town – use these homebuying tips, and you can locate a small town home that can serve you well for years to come.




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Posted by RE/MAX Executive Realty on 5/24/2020

Photo by Giuliana Vecchi via Pixabay

Boston, with its rich history and cultural scene, is a city that can easily take a week to explore. So what can you do if you have just one day to experience its wonders? While you won’t be able to see it all, there are some must-see attractions that you can work into a day. Here’s what you’ll want to do.

Focus on Downtown

Downtown Boston is where its oldest, history-rich neighborhoods are, so this is where you’ll want to spend your time. This is also where the museums and art galleries are. You may want to decide just a couple of things to see and experience, depending on your preferences. However, if you’re wanting to see as much of the city as possible, focus your efforts on the historic sites downtown.

Start with the Freedom Trail

The Freedom Trail is a 2.5-mile-long red line that takes you past some of the most historic sites in the city. It can take all day to walk and experience the Freedom Trail, but you can focus on the first two-thirds of the trail if you wish to see other things as well. Start your journey at Boston Commons, and pick up a Freedom Trail pamphlet from the Boston Common Visitor Information Center. This trail will take you through several of Paul Revere’s historic sites, as well as other important pieces of Boston’s history.

Do Your Shopping

You’ll want to grab a souvenir or two on your trip. During your walk down the Freedom Trail, end at Faneuil Hall, where you can find plenty of shopping options. Among those are Quincy Market, which is the hall’s food court. You’ll find a lot of excellent meal or snack options to grab-and-go as you continue your exploration of the city.

Grab Some Coffee

If you’re getting a little tired at this point, head to Hanover Street, which is known for its many coffee houses. Bag an espresso and a fresh-baked pastry, and see the historic buildings of the city’s North End while you indulge.

Head to the Waterfront

Now you’re ready to see the waterfront. Walk from the North End to the harbor, and jump on a ferry ride from Long Warf to Charlestown and back. You’ll also have the option to tour the New England Aquarium or the Institute of Contemporary Art in this area. This will finish out your day, and you will end at the perfect spot to pick up some fresh seafood for dinner.

You can’t fully experience Boston in a day, but you can get a good taste. With this itinerary, soak in many of the most important parts of the city and get a feel for its history and culture before your travels take you elsewhere.




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