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Nov. 9, 2020

Buyers:  How to Prepare for Multiple Offers 

According to the National Association of Realtors, in August 2020, 55% of home sales resulted in Multiple Offers and 69% of homes sold were on the market less than a month.  This is because there are so few houses available for sale and competition is fierce.  Here are three buyer tips to be best prepared to secure the house of your dreams:

1.  Get Pre-Approved for a Mortgage.  This shows the seller that a loan officer has reviewed your finances and determined your ability to obtain a home loan.  Since only 44% of prospective buyers apply for pre-approval, being Pre-Approved helps you stand out as a Qualified Buyer.

2.  Know What You Can Afford.  Getting Serious about your budget now, means you’ll have more money for a down payment and a clear idea of your maximum offer price, and know what you need to cover your monthly expenses beyond your mortgage, like general upkeep, utilities, and other unexpected repairs.

3.  Make Your Best Offer First.  There were over three offers for every home sold in August in a multiple offer situation!  If your offer isn’t competitive, it probably won’t be considered!  Your Realtor can also offer advice on items like flexible Move-In Dates, Competitive Pricing, and Minimal Contingencies. 

For more information on buying and selling processes visit my YouTube channel. 

The link for the channel and to auto-subscribe is:

https://www.youtube.com/ginasohmerrealestate?sub_confirmation=1

I love to interact with my readers, so like my videos, ask questions in the comments, and subscribe to get all the information that you need in buying and selling real estate!

After all, IT IS FREE and Free is a Good Thing!

Call me and let’s make your real estate dreams come true!

RE Questions?  Email: gina@ginasohmerrealestate.comor call/text to (210) 608-0650.

Gina M. Sohmer, is a veteran, a Graduate of the REALTOR® Institute, a Certified Negotiation Expert, a Seller’s Representative Specialist, an Accredited Buyer’s Representative, a 2020 Winner of the Nextdoor Neighborhood Favorite Award, and a REALTOR® with eXp Realty, LLC.  

Nov. 9, 2020

What are Some Things that You Should Be Doing Before You Begin Home Shopping? 

It probably comes as no surprise to you that the most successful people in life have a plan. 

So, it stands to reason that to be a successful home buyer, you would need a good plan.  After all, a real estate transaction is one of the biggest financial transactions most people will do in a lifetime.

Did you know that there are ten major steps to the home buying process?  No?  What is a process after all?  Well it can also be called a plan. 

Understanding the buying process demystifies the steps you will take to get the keys for your new home. 

I am exploring these ten steps and more in detail, in my 10-part Home Buyer’s Video Series!

This series, and more information for both buyers and sellers is on my YouTube video channel. 

The link for the channel and to auto-subscribe is:

https://www.youtube.com/ginasohmerrealestate?sub_confirmation=1

I love to interact with my readers, so don't forget to like my videos, ask questions in the comments, and subscribe to get all the information that you need in buying and selling real estate!

After all, IT IS FREE and Free is a Good Thing!

Don’t forget to give me a call, Gina Sohmer, with eXp Realty, if you are in the mind to either sell or buy a home today, and together, let's make your real estate dreams come true!

RE Questions?  Email: gina@ginasohmerrealestate.comor call/text to (210) 608-0650.

Gina M. Sohmer, is a veteran, a Graduate of the REALTOR® Institute, a Certified Negotiation Expert, a Seller’s Representative Specialist, an Accredited Buyer’s Representative, a 2020 Winner of the Nextdoor Neighborhood Favorite Award, and a REALTOR® with eXp Realty, LLC.  

Nov. 7, 2020

Why Isn’t My Home Selling in a Seller’s Market? 

There have been some crazy headlines in the news over the last year.  What with COVID-19 scaring some sellers into not putting their homes on the market ‘just yet’, and the large number of homebuyers trying to take advantage of the low interest rates before they go back up, it is a LOW INVENTORY, HIGH BUYER Demand Market making this a SELLER’S MARKET pretty much everywhere.

So why, despite this high buyer demand and low inventory, would a home seller still see their home sit on the market for month after month, with few or no showings?  There are only TWO MAIN reasons why they would see this happen:  Price and Marketing

I am exploring these two reasons and more in detail, in my new 2-part video series:  Sellers:  Obvious and Not So Obvious Reasons Why Your Home Isn’t Selling.

This series, and more information for both buyers and sellers is on my YouTube video channel. 

The link for the channel and to auto-subscribe is:

https://www.youtube.com/ginasohmerrealestate?sub_confirmation=1

I love to interact with my readers, so don't forget to like my videos, ask questions in the comments, and subscribe to get all the information that you need in buying and selling real estate!

After all, IT IS FREE and Free is a Good Thing!

Don’t forget to give me a call, Gina Sohmer, with eXp Realty, if you are in the mind to either sell or buy a home today, and together, let's make your real estate dreams come true!

RE Questions?  Email: gina@ginasohmerrealestate.comor call/text to (210) 608-0650.

Gina M. Sohmer, is a veteran, a Graduate of the REALTOR® Institute, a Certified Negotiation Expert, a Seller’s Representative Specialist, an Accredited Buyer’s Representative, a 2020 Winner of the Nextdoor Neighborhood Favorite Award, and a REALTOR® with eXp Realty, LLC. 

 

Nov. 7, 2020

Update Your Home With Out Major Renovations 

How can you update your home yourself without getting into a major renovation?

Create Space!  How do you do that without tearing out walls?  It is easier than you think. 

Start by simply deep-cleaning and decluttering your main living space.  This can enhance your mood and make your home more livable (and more importantly inspire you to do more).

Get rid of large, bulky furniture, or simply move your furniture around the room to see what placement gives you the most open space.  Open floor plans are on the top of most buyer’s lists when it comes to home ownership.  Another handy trick to give the illusion of larger space is the use of mirrors.  Placing mirrors opposite windows reflects light into rooms and make them seem more open. 

Formal dining rooms seems to be declining in today’s modern homes.  So, if you have one that you rarely use, consider turning it into a cozy den, home office, or library with a reading nook.  This makes your current space more usable by creating a whole new living space that you never had before! 

Next, and it seems obvious, but a clean coat of paint can take a room from “meh” to “WOW”. 

Cool greys are being used to modernize today’s homes, but you can also consider adding a punch of color on an accent wall, or you can just touch up your trim with a clean coat of white paint.  If your home already has updated paint, look to other things that could use a touch-up. Painting your ceiling a cool blue or bringing new life to an outdated piece of furniture are also good do-it-yourself paint projects.

A deep-clean, declutter and a new coat of paint goes a long way when it comes to revamping rooms without major renovations.  Looking for suggestions?  Give me a call.

RE Questions?  Email: gina@ginasohmerrealestate.comor call/text to (210) 608-0650.

Gina M. Sohmer, is a veteran, a Graduate of the REALTOR® Institute, a Certified Negotiation Expert, a Seller’s Representative Specialist, an Accredited Buyer’s Representative, a 2020 Winner of the Nextdoor Neighborhood Favorite Award, and a REALTOR® with eXp Realty, LLC.  

Nov. 7, 2020

What You Might Not Know About Credit Scores 

The only way to take control of your credit, is to know about how credit scoring works. 

In addition to knowing the most important factors considered in scoring, such as paying your bills, it can be helpful to know a few other facts about credit reports and scores.  

Negative information on your report lowers your score.  It also stays on your report for a set time.  For example, late payments appear for seven years from the date you first missed a payment.  Paying off a collection account won't immediately remove it from your report. Bankruptcies can remain on your report for seven to ten years, depending on the type of bankruptcy.  

Good news:  all negative information eventually cycles off your report.

You don't need to carry a monthly credit card balance to build your history.  You can pay off your credit card bills every month and positively affect your standing.

Settling accounts for less than the full amount owed can harm your score.  Any time you fail to repay a debt as you originally agreed, it negatively affects your credit.  The negative impact of settlement is still less than the negative effect of not paying a debt at all or declaring bankruptcy. 

A good score opens doors for you.  It helps you get better interest rates and terms when you borrow money, and it effects how much you pay for life insurance.  Which saves you money!  Landlords consider your score, and even telecom companies look at your scores before you lease your next smartphone.

Considering how important scores are to your overall financial well-being, it's wise to do everything you can to ensure yours are as good as possible.  

RE Questions?  Email: gina@ginasohmerrealestate.comor call/text to (210) 608-0650.

Gina M. Sohmer, is a veteran, a Graduate of the REALTOR® Institute, a Certified Negotiation Expert, a Seller’s Representative Specialist, an Accredited Buyer’s Representative, a 2020 Winner of the Nextdoor Neighborhood Favorite Award, and a REALTOR® with eXp Realty, LLC.