the real estate Advisor
What You Need to Know About Making an Offer
You’ve narrowed down your wish list, viewed many homes, and finally found your perfect fit. Time to take the leap and make an offer! This can be both incredibly intimidating and exponentially exciting. So how can you throw your hat into the ring with confidence? Here’s what you need to know to make an offer like a boss!
Determine your price limit. Work with your agent to determine if the seller’s listing price is fair based on similar home sales in the area, interest in the home, time on the market, and more. Then, figure out the max offer price you are willing to reach that isn’t too financially taxing and settle on what your starting offer price will be.
Add contingencies. Any home sale generally comes with a set of contingencies that must be met before it can be completed. These can include inspections, repairs, appraisals, and more. These need to be selected carefully, as an offer with too many may be less appealing to the seller.
Set your settlement date. When you submit an offer, you must present a date to settle, generally about 60 days after the purchase agreement is signed. You want to give yourself enough time to meet your end of the contingencies, secure mortgage approval, finalize loan details, and more. If you are the responsible party for a delay, you may have to compensate the seller.
Prepare for a counteroffer. You may be going up against other offers or the seller may negotiate, so it’s best to prepare ahead of time for a counteroffer. But this isn’t anything to stress about. Talk through the best strategies with your real estate agent.
Take 5: Interior Paint Colors for 2019
As a homeowner, you may find yourself getting the itch to mix things up. There are so many options for revamping your home, ranging from remodeling to purchasing a new accent chair. However, if you aren’t quite ready to make a big investment, one of the most cost-effective, do-it-yourself options is to give your home a new coat of paint!
Once you’ve decided to jump into your new project, you’ll need to pick your colors. With so many choices out there, how will you decide? Here are a few unique recommendations for 2019 that we love!
Coral. This warm, lively color adds a fresh pop of color to any room and can be paired with gold accent décor, other warm colors like golden yellow, or even other tones of pink. Living Coral is the Pantone color of the year for 2019.
Gray-Blue. Going for a soothing feel that is still unique in nature? Gray-blue is a calming hue that is not overpowering. Try introducing navy, silver, or dark wood accents that complement the color.
Clay. Create a room inspired by nature by using clay-colored paint for an accent wall. Then bring in tan furniture, live plants, and natural green-colored décor to round out the room.
Hunter Green. Deep green tones are a popular trend because, like clay, it helps bring the outdoors in. The color is gender neutral and pairs well with various metal accents and a large spectrum of other colors, such as blues, yellows, and purples.
Teal. This out-of-the-box hue is a great color choice for a bathroom or bedroom. The cool tone inspires relaxation and pairs great with light brown or pink for a softer look or black or navy blue for a crisp take.
Feng Shui with the Best of Them
Feng shui is the Chinese tradition of balancing your home to achieve benefits and advantages associated with your health, finances, career, relationships, and more.
There are many ways to create good feng shui in your home, starting with your bedroom. Open up the room by moving the bed so that both sides are away from the wall and the headboard is against it. Feng shui best practice also suggests placing it where you will have a clear vision of the door, but never directly in line with it. Next, introduce symmetry into the room with artwork, bedside tables, lamps, and pillows to reflect the balance you want in all areas of your life.
Apply feng shui to the entryway of your home to welcome your guests and allow positive energy to flow in. To do this, commit to keeping it clear of shoes, packages, bags, etc. and use a mirror as décor to open the space and indicate you are expanding opportunities in your life. Additionally, consider purchasing and placing a water fountain in the foyer. Flowing water is known to represent wealth flowing in and diffuses negative ions in the air.
Decluttering is key to implementing feng shui in your home and allowing energy to flow freely. Donate clothing that is not often worn and empty drawers and shelves of things you do not need to rid yourself of the old and make mental room for new things in your life.
These steps are just the starting point for bringing good energy into your home and making it evolve as you do. Happy harmonizing!
February 2019 Chandler Market Statistics
Market statistics above are for Chandler only. If you’d like similar stats for another city or your neighborhood, just let me know!