Prudential Snyder & Company, Realtors is seeing more multiple offers on homes that are being sold in the current market. These homes are the very best on the block, with the most competitive price!What do you need to know about multiple offers?
BUYERS
Get Financed:Before you even begin to look at homes with you Realtor, you will need to see a local lender and get pre approved for a mortgage.Too many times, a buyer can miss the opportunity of a life time because the have not been pre approved for a mortgage.In a competitive situation, a seller will want to see that you can afford their home.
Buyer Agency:Be sure to have an active, Full Time Realtor on your side.Working with a Part Time Agent means that you will receive Part Time service!Once the right home becomes available, you and your agent will need to move quickly.Your agent will want to about the seller’s situation so that they can advise you how to best meet their needs.
Bring Your Highest and Best: At Prudential Snyder & Company, Realtors, we have seen properties receive as many as 10 different offers.When your Buyer Agent informs you that you that there are multiple offers on a home, be prepared to bring your highest and best offer!Remember, the home must appraise for the purchase price.
SELLERS
Price your home to sell:Right now, the real estate market is picking up.However it is not a time to test the market by over pricing your home.Work with your Realtor on selecting a competitive price in order to bring multiple buyers to your home.
Terms and Conditions:Before you accept an offer, be sure to preview all of the terms and conditions.Are you satisfied with the lender that your potential buyer is using?Does the closing date work with your schedule?What is the Earnest Money Deposit amount?Are they asking for sellers concessions?
Give yourself 3 days:If you have multiple offers, give yourself 3 days to collect the offers and then respond.Have your Realtor notify all Buyers Agents of the time line.Ask for the highest and best offer which includes terms and conditions.Choose one offer, however keep the second best offer as a back up offer.
This is not the time to test home buyers.Set the Market – Don’t chase it. Price your home effectively. Pay attention to the local market and work with your Real Estate Professional to stay updated on comparable sales in your area.If you are priced too high, you will make your competition look more attractive. Marketing time can be prolonged, and initial marketing momentum is lost.A home that is priced right can sell quickly, saving you money and time.Choose a Full Time professional Realtor experienced with Prudential Snyder & Company, Realtors.
Selling Secret # 4: Check Curb Appeal
The average buyer is previewing numerous homes through out their home tour.If the buyer is not attracted to the exterior of your home, odds are they may never go inside.Avoid the drive-by and create quick and inexpensive curb appeal.Don’t worry about completely repainting the exterior of your home; however exterior touch ups can make a big difference.Keep sidewalks clear, and make sure that your lawn is cut on a regular basis.Paint any window trims that look faded or neglected.Click here to learn more abour Preparing Your Home For The Market.
Selling Secret #3: Keep Your Home in Showing Condition
Never miss a showing opportunity.Keep your home in “show-ready” condition at all times.You will never have a second chance at a first impression, so welcome home buyers into your home when their agents request a showing appointment.Inventory is high; if a buyer cannot get into your home to preview it then you may miss them entirely.
Selling Secret #2: Fix the Major Issues:
While you do not need to create an overwhelming To Do List, be sure to fix major issues that may turn away buyers.Is there a whole in the wall?Fix it.Shag carpeting?Replace it.In this competitive market, home buyers will be looking for the best home at the very best price.Make sure that your home does not reflect costly updates that may bring objections during final negotiations.Potential purchasers may want sellers to pay concessions for condition.
Selling Secret #1: Select the Best Real Estate Company
Prudential Snyder & Company, Realtors offer the exclusive Online Seller Advantage, bringing you the benefits of daily emails about Web activity on your property and comparable homes in your neighborhood.Prudential Snyder & Company offers local networking solutions with a global connection to some of the largest Fortune 500 companies in the world.To learn more about our Competitive Advantage over all local Real Estate Companies, contact our office today: (734) 660-0105. Choose Prudential Snyder and Company for the best Ann Arbor Realtors!
The Michigan Wolverines plan to be victorious yet again this Football Saturday! The University of Michigan Football Team welcome Notre Dame to the Big House this Saturday at 3:30 p.m.
THE HISTORY OF MICHIGAN VS NOTRE DAME
The University of Michigan first played Notre Dame in 1887. The mighty Wolverines won the first eight football games, until 1909 when Notre Dame beat their Maize and Gold rivals. Michigan canceled the following year’s and boycotted Notre Dame for many years to come. Notre Dame Football Coach Elmer Layden said ENOUGH and scheduled a a game with the Wolverines in 1942. The University of Michigan beat the then #1 Notre Dame in the Notre Dame Stadium. Choose Prudential Snyder and Company for the best Ann Arbor Realtors!
THIS IS THE BEST TIME TO PURCHASE YOUR FIRST HOME!
A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.Time is running out!
Top 5 frequently asked questions about the First Time Home Buyer Tax Credit:
1) Who is eligible to claim the tax credit?First-time home buyers who purchase any kind of home are eligible for the tax credit.It’s important to know that the home purchase must occur on or after January 1, 2009 and before December 1, 2009.The purchase date is the date when the closing occurs and the title to the property transfers to the home owner.
2) What is the definition of a first-time home buyer?The law defines “first-time home buyer” as a buyer who has not owned a principle residence during the three-year period prior to the purchase.For married taxpayers, the law will look into the history of both home buyer and his/her spouse.
3) How is the amount of the tax credit determined?The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8000.
4) Are there any income limits for claiming the tax credit?Yes, there are.The income limit for a single taxpayer is $75,000.For married tax payers filing a joint return, the income limit is $150,000.
5) What types of homes will qualify for the tax credit?Any home that will be used as a principle residence will qualify for the credit.This includes attached homes like townhouses and condominiums; single-family detached home, manufactured homes, and even houseboats.Keep in mind that you cannot purchase a home from any ancestors (parents, grandparents) or lineal descendants (children, grandchildren, or your spouse.
Contact you tax advisor or your local mortgage lender for more information.
The count down begins as University of Michigan Football season is upon us here in Ann Arbor, MI!The new renovations at The Big House look sharp and Michigan fans are prepared for a fantastic football season.
It’s that time again!The Back to School excitement is in the air, and it’s a wonderful time to set the foundation for life-long habits. Here are our top five tips to create a successful routine for your child.Taking small steps to ensure a fantastic school year can last a lifetime!
Top 5 tips:
1) Create a proper work space for doing homework.TURN THE TV OFF.Be sure that the cell phone is tucked away in another room and that there are no temptations to listen to music.After a long summer, turning off all distractions may be a bit of a challenge.However, a quiet and uninterrupted study space is essential for your child’s success.
2) Commit at least one half hour per week to your local library.This is a fantastic time for you and your children to establish some quiet time together and an opportunity for your family to discuss your favorite works of literature.Ann Arbor has numerous libraries in the area, and the local Downtown Ann Arbor Library even offers FREE access to Rosetta Stone.Why not learn a new language?
3) Always ask if your children if they need help with their homework, even if they don’t ask.This can open up important dialogue for any underlying issues with certain subjects.Their attitude toward education will make or break their study habits early on in academics.It’s important to make sure that they are confident in the classroom, and if they need assistance be sure to turn to a professional tutor. Tutor Time is an excellent local tutoring service.
4) Its never too early to teach your child how to organize their time.Give them ideas on how to manage their daily school related activities and extra curricular activities.Setting a schedule can create a sense of confidence in your child.Never underestimate the power of preparation and planning.
5) Breakfast is still the most important meal of the day!Even if it’s something as simple as a banana or a granola bar, creating a habit of eating first thing in the morning will ensure a healthier child who can hold concentration through out the busy school morning. The entire day can be quickly thrown off by skipping breakfast in the morning, be sure to make time!
In our commitment to being the Local Innovation Leader, we at Prudential Snyder & Company would like to invite you to CLICK TO THE FUTURE of Real Estate!
Burns Park remains one of Ann Arbor’s most desirable neighborhoods and boasts gorgeous artisan homes, many with the original woodwork and tall ceilings. The Northeast part of Burns Park includes Ives Woods, which has one of the highest median incomes in the city. With a fantastic location close to The University of Michigan campus, Burns Park is close to just about everything in the Downtown Ann Arbor area. Named after Professor George Burns who was the Ann Arbor Commissioner, at one time Burns Park included the trolley barns at the park. In 1925, the barns burned down and Tappan Junior High was built, later becoming Burns Park Elementary school. Walk to the acclaimed Ann Arbor Art Fair every July, Downtown Ann Arbor, local schools and the famous University of Michigan Football Stadium. Ann Arbor Public Schools include: Burns Park Elementary School, Tappan Middle School, and while most students attend Pioneer High School some also attend Huron High School.
The University of Michigan Football Stadium
RESIDENTIAL SALES – BURNS PARK SCHOOL DISTRICT
Housing Market Trends
The first six months ending June, 2009 were also very encouraging in the Burns Park School District. The average sale price in 2009 is down only 3% from 2008 to $ 406,644. This is after a 5% decline from 2007.
