Tagged : real estate advice

Found 14 blog entries tagged as "real estate advice".

 
Many times I will hear someone say “The Realtor made me price my home for $500,000” and that’s not the way I look at it.

The approach we take when talking about pricing for your home is we are a consultant. Although I certainly can tell you what price I recommend or I can tell you what I would do if I was in your situation my job isn’t to make that decision for you. My job is to give you so much information and advice that together we can arrive at the best decision for your situation.

Most agents only have 1 pricing strategy but in reality there are 3 ways you can price your house.

Aspirational Pricing

The first way to price your home is what we call “Aspirational Pricing.” This is a strategy where we are priced well above the

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There are several advantages of selling your home in a bidding war. You will get the highest price, you will get the best terms in the original contract and you will have leverage if the buyer tries to negotiate too much after an inspection.

26 of the homes we have sold this year have been sold with multiple offers. That doesn’t happen by accident. Here are some tips that will make it easier for your home to sell in a bidding war.

Appeal To Emotion Not Logic

To get into a bidding war you need the buyers to act quickly. We need the buyers to fall in love with your home and ask how much over asking price they need to pay. We need to remove anything that will keep a buyer from wanting to make a great offer. In marketing this is called

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The story continues that we need more inventory. Prices are up because the supply of resale homes and “Quick Move In” new homes are down. Experts predict next year we will see a “Spring Wave” of homes hitting the market as sellers who held off due to Covid will decide to sell. If you are on the fence and thinking about moving up it is a great time to secure your move up or downsize home before prices become unaffordable.

On the ground in the areas we serve we are seeing less than 1 months of inventory. There are more homes under contract than homes available for sale. That means if you drive past a For Sale sign there’s a better than 50% chance the home is already under contract. Any market with less than a 3 month inventory is considered a

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The first time I met the owner of 10721 Rathdowney was at the end of March. We stood on his back patio and he was so nervous he couldn’t stop shaking. He had lost his job in Dallas and the tenants he had at this rental property here had trashed the house. He didn’t know what to do and didn’t know who could help.

He needed the money but he didn’t know how to get the tenants to move out and he didn’t know how to sell the house without selling for a low-ball price that he was offered by an investor. Fortunately, he called us before it was too late.

The first thing we did was put a plan together. With our help he negotiated with the tenants so they would vacate the home within 15 days. During that time, we helped the owner get contractors

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Would you believe through July we have had clients who were born in 14 different countries? We’ve also had clients from just about every race, creed, color and family unit you can imagine. Sometimes I say only the deli outside the UN has a more diverse clientele than we do.

With everything going on right now attention within the real estate industry is being paid to fair housing. That’s good because historically housing has been one of the worst areas of discrimination in America.

We want you to know whoever you are and wherever you came from Kopa Real Estate is ready to help you! It’s the right thing to do, it’s good business and if you are selling your home it will make you money.

The reason I say it will make you money is when

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How To Attract The Emotional Buyer

If you ask me why so many home sellers hire us when they decided to sell my answer would be simple. When it comes to selling your home the price you receive comes down to whether or not you are trying to attract a buyer buying based on emotion or based on logic.

The buyer buying based on emotion will always pay the most for your home. What we have done is come up with a repeatable and market proven system to attract and appeal to the emotional buyers in our area.

Sellers who understand the difference have great success. Sellers who try to use logic often wind up frustrated because the real estate market and buyers don’t react the way a logical mind hopes.

One of the many ways we add value to our

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Most of our friends and clients are pretty savvy and can sniff out when something sounds too good to be true. When a friend saw another Realtor’s advertisement guaranteeing multiple offers, he asked me how someone can do that and what’s the catch?

When you hear someone say they will get you multiple offers you probably imagine that means your home will sell for over asking price. What would you think if it really means you will get multiple low-ball offers below market value? I can’t tell what you would think, but when I explained what is really going to happen my friend felt like the advertising is misleading.

Guaranteeing multiple offers is pretty easy. In fact, any Realtor can guarantee you multiple offers.

Here’s how it works…

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When you hire a real estate agent to sell your home you have every right to expect the brokerage the agent works for has your best interests in mind at all times. How will you feel when you find out that might not be true? 

It’s basic Economics 101 that you will receive the best price for your home by advertising it with the widest net. You want to advertise your home to all the real estate agents in your area and as many buyers as possible who are in the market for a home like yours.

What if I told you we are hearing about more and more real estate brokerages that are trying to sell their listings by only advertising them to the agents that work for that specific office?

Why would they do that?

In some instances, it’s because a

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Should you buy or sell a home in today's market? Realtors sometimes have a bad habit of always saying it's a great time to buy or sell. The truth is it depends on your particular situation, the house you are buying or selling, the sub-market of the house and the buyer profile for the house.

As always if you have a question call/text Eric at 512-791-7473  or email eric@koparealestate.com.

 

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Everyone is asking me “How’s the real estate market?” Here’s what we are seeing.

Transactions are still happening. As of today, March 30th, in the Austin MLS on average over 100 homes are going under contract every day. Things are slowing down but people are still selling and people are still buying.

Here's what we are seeing with our business. Some of our sellers and buyers are telling me they are going to hold off for now and I’m supporting them in that decision while I continue to keep them aware of what’s happening.

Some of our clients need to sell now and some need to buy now, and we’re doing that with all the appropriate precautions.

All of this is day by day and in some cases hour by hour. Things may be different by the

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