Blog :: 06-2020

Lauren Gould: Success Story

A Job Well Done

Photo by Ted Dawson

 

When Ariana contacted me with interest in a sweet little house with a beautiful location I was very excited.  The house spoke to me as soon as I saw it appear on the MLS, and I hoped that I’d have the opportunity to show it to a buyer.  

Little did I know that I’d be helping a young family move from across the country and start a new life; introducing them to a new community, showing them the house 100% virtually, putting in an offer and getting it accepted- all before meeting in person.  

I was careful and deliberate to describe not only the property in great detail,  but the community they would be moving into.  I wanted to give them an idea of the life they could have in our little part of Vermont, from winter driving to summer farmers’ markets.  We created not only a great working relationship but really connected on a personal level and I enjoyed every moment of getting to know her and her family.

 We worked through the logistics of time differences, spotty internet service at the property, timing inspections with cross country visits and everything came together.  There were lots of Facetime meets, text exchanges and family email chains but we kept our “eyes on the prize”.  

Three months after we closed, and they had completed their move, we crossed paths and they filled me in on how happy they were in their new home. It was such a joyful reunion, like friends who had shared a common story with a happy ending. They even referred a neighbor of theirs who wanted to sell his house.  I smiled as I walked away, thinking

This is exactly what I love about being a Realtor”.

 

Who do you know who’s thinking of making a move?

They can be as complicated as this set of transactions, but they don’t have to be

...Give me a call or email, and I promise to take great care of them!

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    How Does 2020 Stack Up?

    How Does 2020 Stack Up?

    The last few months have been, shall we say, unusual.

    Let's see how 2020 compares to years past.

     

    Photo by Francesca Tosolini

     

    Why does it seem like the market is so hot? Because it is. The number of new listings is way down. But the number of houses that have gone under contract is way up. Supply and demand!

     

    Side note: Hey Sellers! We have been hired by MANY buyers to help them buy a house. Call us, and we can play matchmaker.

     

    Almost all of that shortage in new listings has taken place in April and May:

     

     

    And, almost all of the runup in houses getting into contract has taken place May 1-June 15:

     

     

    You're not going crazy. It's a REALLY tight market right now in Central Vermont. The best thing to do is to get an expert from Green Light Real Estate to help you find, negotiate, and buy in this market. And don't worry, should you get stuck in a multi-bid situation as a result of this hot market, we've got your back.

     

    Call our office at 802-225-6425, email Info@GreenLight-RealEstate.com or get in touch with any of our awesome agents and brokers

    You can also follow us on FacebookInstagram and check out our listings on www.GreenLight-RealEstate.com

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      How to Win a Multi-Bid Situation

      How to Win a Multi-Bid Situation

      When the market is hot, which it is right now, buyers have to have a few extra tricks up their sleeves to get the house they want.

      Photo by Scott Graham

       

      Here are some good strategies to use to help when you’re in a good old fashioned bidding war:

       

      • Be prepared! Have your pre-approval letter in place. You can even get a couple letters, say in $25,000 increments. Then you can give whichever one makes the most sense with your offer. Also, it can help to be working with a local bank. Many sellers and listing agents would prefer to be working with a lender they actually know and not a cog in a wheel in a massive lending operation in Michigan or Texas (and yes, I’m talking about you--Quicken and USAA).

       

      • Come strong and come hard. Make your best offer, knowing that you may have to pay above the asking price. When you go on a first date, do you dress up and plan just enough to keep someone interested? Or do you go above and beyond? This not the time to do the bare minimum.

       

      • Reign in those contingencies. In a multi-bid situation, the fewer contingencies, the better your offer looks. You don’t have to get rid of the inspection contingency, but you could limit it in terms of the items to be “contingent”, a dollar figure, shortening the time frame, or more. 

       

      **Bonus tip! Don’t think that you’ll be able to do significant post-inspection negotiations. If there were three offers, it’s pretty likely that the other two are still looking for a house.**

       

      • Write a love letter. Hey, it helps sometimes. Tell the seller what you love about their house, and a little about yourself.

       

      • Show them the money. Make a big deposit. Or, make it non-refundable at a certain point. Or, how about sharing your credit score, your employment history, even some of your financial records with the sellers so they know that you’re able to buy their house. For that matter, give them your resume. They’ll get to know you. And maybe that professional network will help you.

       

      • Use an escalation clause. Promise to pay more than another offer. Best to talk this strategy with your Green Light Real Estate agent, because sometimes this confuses sellers and sellers’ agents. It’s not really that complicated, but still.

       

      • And the best...don’t have a bidding war! Your agent can just call the sellers’ agent and ask “Hey, these people want to buy the house. What will it take for the sellers go with them?” Honestly, it might be another $5000, or that the seller gets to leave the basement furniture. Big deal! If you get into a bidding war, you’re easily paying that much more anyway. Plus that bidding war is a zillion times more stressful.

       

      These are just a few ways to help buyers get the house in a hot market.

       

      For more details, more strategies, and more ways to make sure that you get your house,

      call 802-225-6425 and speak with any of our awesome agents and brokers

      Or email Info@GreenLight-RealEstate.com.

      You can also follow us on FacebookInstagram or check out our listings on www.GreenLight-RealEstate.com

       

      Can't get enough of this multi-bid info? We get it, that's why we also made this easy to digest Youtube video on the topic. Enjoy!

       

       

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        FAQ: Are you on Zillow?

        FAQ: Are you on Zillow?

        One question that sellers ask us from time to time is “Are you on Zillow?”

         

        The short answer is yes.

         

        Zillow, Realtor.com, Trulia, Homesnap, and countless other real estate sites get their information directly from the Multiple Listing Service (MLS). 

         

        Green Light Real Estate participates in the MLS. If you really want to go deep, the MLS that Vermont is in is the New England Real Estate Network, or NEREN. That means that all of our listings can be found on sites such as Zillow, as well as any other real estate site that buyers use.

         

        We know that many buyers like to use Zillow to look for homes. We post all of our listings and our past sales on Zillow, as well as all of our reviews from past clients, because this is the type of information that buyers like to see.

         

        And when your house is for sale, you want your real estate brokerage to do the things that buyers like!

         

        Last, we have just a couple of cautions about using real estate portals such as Zillow.

         

        First, they’re not always accurate. Sometimes they show a house is for sale when it really isn’t. If you’re ever unsure, just call, text, or email Green Light Real Estate and we can verify. 

         

        Second, their estimates of value are not always very accurate. The value of a house is not simply an algorithm. It’s not just a mathematical function of the square feet, zip code, number of bedrooms, and lot size. Condition, layout, micro-location, updates and much, much more factor into the value. 

         

        We recently listed a house for sale at 174% of the Zestimate, because that’s what the local market and recent comparable sales indicated.  

         

        It went under contract in two days. At full asking price.

         

        Yes, we do put our listings on Zillow.

        Yes, we do get inquiries from buyers through Zillow.

        And yes, we do everything we can to get our sellers’ houses sold. 

         

        For more information, call 802-225-6425 and speak with any of our awesome agents and brokers

        Or email Info@GreenLight-RealEstate.com.

        You can also follow us on FacebookInstagram or check out our listings on www.GreenLight-RealEstate.com

         

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