Larry Costa REALTORģ
CENTURY 21 Classic Gold | 508-272-8028 | larry@larrycosta.com


Posted by Larry Costa REALTOR® on 12/14/2018

After you receive an offer to purchase your residence, determining the best course of action often can be difficult. Because if you make the wrong decision, you risk missing out on an opportunity to sell your house and maximize its value.

Ultimately, it may prove to be beneficial for a home seller to submit a counter-offer. There are many reasons why a seller may choose to provide a counter-proposal, and these include:

1. A homebuyer's initial offer to purchase fails to match your expectations.

Although a homebuyer's initial offer to purchase your residence fell below your expectations, you can always submit a counter-offer to find out if a buyer is negotiable. That way, you may be able to work with a buyer to find a common price that is suitable for all parties.

When it comes to selling a house, there is no harm in submitting a counter-offer. Remember, the worst response a home seller will receive to a counter-proposal is a simple "No." And even in the worst-case scenario, a seller can move forward with the property selling journey and await an offer to purchase that matches his or her expectations.

2. You are flexible about the price of your house.

As a home seller, you probably realize that what you originally paid for your house is unlikely to match your residence's current value. But even if you set a competitive initial asking price for your home, you may still want to negotiate a counter-offer if a buyer's initial proposal falls short.

The housing market constantly fluctuates, and a sector that favors sellers today may favor buyers tomorrow. Thus, if you are flexible about the price of your house, you can always negotiate a price with a buyer that accounts for the present state of the real estate sector.

3. You want to get the best-possible price for your residence.

The goal of the home selling journey is to obtain the best price for your home, regardless of the real estate market's conditions. Therefore, rather than accept or reject an offer to purchase, it may be beneficial to see if you can receive a better proposal from a buyer.

As you move along the home selling journey and review an offer to purchase, you should not hesitate to collaborate with a real estate agent. With a real estate agent at your side, you can receive plenty of guidance throughout the home selling journey.

Typically, a real estate agent will help you list your residence and promote it to prospective buyers. He or she will set up home showings and open house events and keep you up to date about any offers to purchase your residence. Then, when you receive an offer to purchase, you and your real estate agent can work together to determine how to proceed.

Hire a real estate agent Ė you'll be glad you did. By employing a real estate agent, you can get the help you need to fully analyze an offer to purchase your residence.





Posted by Larry Costa REALTOR® on 11/30/2018

You may think of downsizing as something that makes sense when you have an empty nest. Larger families do, of course, need more room. Downsizing can also be financially strategic and rewarding for you and your family if you have the opportunity to do so.


How Much Is Your Home Worth? 


There comes a point in your life when the amount of money that your home is worth is very important. Maybe you need the money for retirement and are looking to move to a cheaper city or state. Maybe itís time for you to pursue your goals and dreams. Whatever the reason, your home is a very large asset.  


If you downsize, youíll have a bit more money available to invest for your future. You may even consider buying an investment property. If all of your money isnít tied up in a home, youíll have a bit more freedom to do other things with your money.


A Smaller Home Means Smaller Expenses 


When you downsize your home you end up with much lower expenses for your housing. Youíll save big on both utilities and home maintenance. Youíll be surprised as to how much extra cash youíll have each and every month that youíll be able to use for other things like investing, travel, or other expenses. Youíll have the ability to do things beyond simply achieve that one dream goal of home ownership. 


What If You Donít Already Own A Home?


Thereís a lesson to be learned here for renters as well. If youíre getting ready to buy a home, you may want to think small. A smaller home that can suit your needs will allow you to save thousands of dollars over the life of the mortgage on your home. Remember that a mortgage payment is more than just the cost of the home. Youíll need to include things like taxes, insurance, mortgage insurance, heating, electricity, and more. The smaller the house that you buy, the less all of these things will cost. Think of what you could do if you invested that extra money that you saved on all of these things each month. 


What Would You Do With The Money You Save?


Having a big, beautiful home is a fantastic goal to achieve. You may have other dreams that you want to pursue in addition to owning a home. While downsizing isnít for everyone, many people use the money they save to do some pretty incredible things like:


  • Travel
  • Go back to school
  • Buy a vacation home


The Negatives Of Downsizing


If you move into a smaller home, there are a few drawbacks. For one, youíll have less storage and will actually need to downsize your amount of belongings as well. Youíll also have less room for visitors if hey come to stay. If grandkids frequent your home, you may be hesitant to sell and find a smaller place. It may also be difficult to find what youíre looking for at a certain price in a specific area. Think carefully before you decide to downsize and see if it has the right benefits for you.





Posted by Larry Costa REALTOR® on 11/2/2018

Persistence may prove to be exceedingly important to a home seller. In fact, a persistent home seller may be better equipped than others to reap the benefits of a fast, profitable property selling experience.

Now, let's take a look at three tips to help you become a persistent home seller.

1. Analyze the Real Estate Market

Persistence and confidence often go hand-in-hand. And if a seller allocates time and resources to learn about the housing sector, he or she can build the confidence needed to remain persistent throughout the home selling journey.

Take a look at the prices of available houses in your city or town that are similar to your own residence. By doing so, you can see how your house stacks up against the competition and identify innovative ways to differentiate your residence from the pack.

Furthermore, it may be beneficial to look at the prices of recently sold residences in your area. This housing market data can help you determine whether you're preparing to enter a seller's or buyer's market.

2. Set an Aggressive Initial Home Asking Price

A persistent home seller will take a data-driven approach to establish a competitive initial asking price for his or her residence. That way, this seller can set an aggressive home price that will help his or her residence stir up plenty of interest as soon as it becomes available.

Conducting a home appraisal offers a quick, easy way to receive an expert property valuation. It usually only takes a few days to receive a home appraisal report. Once a seller has this report, he or she can use it to set an aggressive initial home asking price.

3. Hire a Real Estate Agent

Even a persistent home seller realizes that he or she may struggle to navigate the home selling journey alone. Thankfully, if you hire a real estate agent, you can receive comprehensive support at each stage of the home selling cycle.

A real estate agent is committed to helping a home seller enjoy a seamless property selling experience. He or she will work directly with a seller and keep him or her up to date throughout the house selling process. As a result, a home seller and real estate agent together can maximize the value of any house, at any time.

In addition, a real estate agent is resourceful and will do whatever it takes to promote a residence to the right groups of buyers. He or she will host open house events and home showings and provide a property seller with plenty of feedback. Best of all, a real estate agent maintains constant communication with a house seller. And if a seller has questions, a real estate agent is ready to answer these queries.

For home sellers who want to achieve the best-possible results, persistence is paramount. With the aforementioned tips, anyone can become a persistent home seller and boost the likelihood of a successful house selling experience.




Categories: Uncategorized  


Posted by Larry Costa REALTOR® on 10/26/2018

To maximize the value of your house, you may need to perform a wide range of home improvements. Fortunately, there are many quick, easy ways to ensure you won't have to break your budget to upgrade your residence before you add it to the real estate market.

Now, let's take a look at three tips to help you save money on home improvements.

1. Receive Multiple Quotes from Professionals

When it comes to performing comprehensive home repairs, it generally is a good idea to err on the side of caution by hiring professional contractors. However, hiring professionals to complete home improvement projects may put a major dent in your day-to-day finances.

If you request multiple quotes for home improvement projects, you can shop around for the best price. Plus, you may be able to negotiate the price from a professional if you have various competitor quotes at your disposal.

2. Consider Do-It-Yourself Projects

In many instances, a home may not require a full overhaul. Conversely, you may only need to perform a series of minor upgrades to ensure your residence is show-ready.

When possible, it may be beneficial to try to perform home improvement projects on your own. If you complete simple tasks like removing clutter from your home's basement or mowing your front lawn, you can simultaneously enhance your residence and avoid the costs associated with hiring professionals.

If you're unsure about how to perform certain home repairs, there is no need to leave anything to chance. In these scenarios, reach out to professionals for expert support, and you can minimize the risks associated with trying to complete these tasks on your own.

3. Consult with a Real Estate Agent

Finding the best ways to cut costs on home improvements can be tricky. Luckily, real estate agents are available who can help you get your house ready for the real estate market, even if you're dealing with a tight home improvement budget.

Typically, a real estate agent will be able to assess your house and help you establish home improvement priorities. This housing market professional then can put you in touch with the top home improvement professionals in your area, as well as provide tips to ensure you can quickly upgrade your residence on your own.

A real estate agent also will serve as your expert guide throughout the home selling journey. He or she will help you list your residence and promote it to dozens of potential buyers. Plus, a real estate agent will host home showings and open house events that enable buyers to get an up-close look at your residence. And if you receive offers on your house, a real estate agent will help you review these proposals and make an informed decision.

There is no reason to overspend to upgrade your residence. Thanks to the aforementioned tips, you can save money on home repairs and prep your house for the real estate market faster than ever before.




Categories: Uncategorized  


Posted by Larry Costa REALTOR® on 10/12/2018

Selling a home requires a combination of careful planning, favorable market conditions, and good luck. As a result, thereís no simple formula for determining when your house will sell. There are, however, things you can do to help increase the odds of your home selling within your timeline.

In this article, weíll go over some of the reasons homes sell quickly or slowly, and offer some tips on how to plan accordingly so that your home sells at the price you want and within the time you need, so you can get back to your life in your new home.

What you canít control

Letís start with the pre existing conditions that you wonít have much sway over when it comes to selling your home. First, thereís the market: is it a buyerís or a sellerís market? The term ďsellerís marketĒ deals with supply and demand. In a sellerís market, there is more demand than supply, and therefore listings often see quicker sales and more frequent offers. These terms are used geographically as well. While we are currently considered to be in sellerís market nationwide, it could vary geographically. Certain cities and regions experience surplus housing and are therefore considered buyerís markets.

What you might be able to control

One factor in the amount of time it takes for your home to sell that you have some control over is when you put it on the market. A new study has found that the best time to sell a home is early March to late April, depending on your geographic location.

For you, this means ensuring that your home is ready to be listed by the end of January. That means you wonít want to delay in getting outdoor issues taken care of before winter arrives if you live in a colder climate. Itís much easier to work on roofs and driveways or septic systems before temperatures reach freezing.

What you can absolutely control

Now that weíve talked about those details which are out of your hands, letís talk about what you can do now to increase the likelihood of your home selling when you need it to.

First, be sure to price your home accurately. Any time that your house sits on the market with an inflated price is time wasted.

Next, stay on track with home improvements and upgrades that will increase the interior appeal and curb appeal of your home. That means fresh coats of neutral paint, a lot of cleaning and decluttering, and some appropriate landscaping. Itís important to remember, however, that some upgrades arenít very cost-effective, so be sure to do your research before taking on big home improvement projects.

Right before you put your home on the market, take the time to stage the home and take great photos. Cell phone pictures of a dirty house with poor lighting wonít do you any favors. If you know a photographer, enlist their help for the day to make sure your photos stand out on listing websites.

If you follow these tips and remain consistent in communicating with your real estate agent, thereís no reason you shouldnít sell your home within the timeframe needed for you and your family.