Kaylee Harrigan Realty

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United States
San Diego, CA
Kaylee Harrigan Realty

I have a passion for helping others accomplish their goals. Getting to know others, serving the public and anticipating needs is what I do best!

03/22/2022

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03/15/2022

Seller Tips to Capitalize on Seller's Market 💵
Seller's you're in control in todays market. The lack of supply means that your home is most likely going to get multiple offers. Do your due diligence and work with a really good agent to ensure you get the most for your home. Here are some tips to help:

1. Cut your budget for renovations and upgrades. Maximize your profits by cutting renovation plans. In today's market buyers are eager and more willing to do their own renovations. They are likely to look over outdated interiors and cosmetic issues. Get your house market ready by keeping it clean and tidy. Declutter and de-personalize.

2. Strategically price your home. Yes, homes are selling for over asking, but don't get too cocky and price it high from the get-go. Encourage a bidding war to drive the price up by selling for market value. You'll keep a wider buyer pool and allow them to sweeten the deal for you. Using an agent will help determine the fair market value and come up with a best possible price range to sell at.

3. Make the most of a bidding war. You can encourage stronger offers by informing the buyer of their competition. Respond to you some of your best offers with counteroffers that better aligns with your plans. And remember, the highest deal isn't always te best... are there all cash offers on the table, offers with no contingencies, incentives from buyers such as offering to pay closing costs?... buyers are getting creative to get win the sale.

4. Anticipate appraisal issues. As a seller in this market, there is a lot to get excited about. However, we still want to manage expectations for certain things. Because the selling price of many of the homes on the market are going above fair-market value, the home is more likely to appraise low. This means the lender isn't going to approve the buyer's full loan. Anticipate this possibility and how you'd handle making up those funds or if you'd rather cancel the deal.

03/03/2022

Buyer's Tips in a Seller's Market 🏡

Buyers, I know it's been hard out there. There are a lot of bidding wars going on in this market and sellers are going with the highest and best offer. If you've had an offer rejected or are feeling anxious here are some tips on how to sweeten the deal and get your offer accepted:

1. Get Pre-approved. Cash offers can seem hard to beat but getting a preapproval letter from your lender can help the seller feel more secure with your financing. Do it one better and get underwritten, now your virtually the same as a cash offer. I'd argue even better than cash.

2. Have little or no contingencies. Sellers have a lot of options on the table and the winning offer may not have the highest price tag, but are the "best" for the seller. Waiving the inspection or offering free rent-back after close can put your offer over the edge.

3. Act fast. When you're ready to buy, set yourself up for success so you can act fast. Homes are selling in San Diego on average in 26 days, almost every one has multiple offers. You have to be ready. Know what you want, what youre willing to give up, and set up your financing. Then, when you find a good one, put in the offer right away.

4. Put more earnest money down. Make the seller's feel even more secure with your offer with a high earnest money deposit. An earnest money deposit protects the seller from if you back out, the more you put down the less they think you're going to back out.

Address

San Diego, CA
92037

Website

http://kayleeharriganrealtor.com/

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