Peter Tzannos - REALTY EXECUTIVES



Posted by Peter Tzannos on 7/15/2019

It’s a competitive selling market and we all know how difficult it can be to entice buyers with your home.

There are a number of ways to highlight the best features of your house. From staging to great real estate photos, marketing your home is a key aspect to ensuring a sale.

However, sometimes sellers miss out on opportunities to give their home a competitive edge in the housing market.

In today’s post, we’re going to talk about some of the features in homes that are major selling points for today’s average buyer. That way, you’ll be able to update your listing and materials so that everyone who looks at your home knows exactly what it has to offer.

1. Location and convenience

Odds are you can find some major location selling points for your home if you think about it. Is your home near grocery stores, hospitals, parks, or major highways? Does it lack the rush hour traffic that other neighborhoods have?

Just because you’ve gotten used to the convenient location of your home doesn’t mean it won’t be appreciated by your potential buyers.

2. Low upkeep and utility costs

If you live in a newer home in your neighborhood, there’s a good chance it will beat out much of the local competition in energy efficiency and maintenance costs. If you’ve recently upgraded energy-related parts of your home (think windows, HVAC, insulation, etc.), you should highlight these upgrades in your listings.

This is also a good time to show off your utility savings. Many utility companies show you how much you spend compared to your neighbors. If your home is energy efficient, don’t be afraid to show off in your listing.

3. Storage space

Ever notice how self-storage facilities seem to be popping up just about everywhere? Storage space is a huge concern for homeowners and buyers alike.

Make sure your photos and listings reflect the amount of storage your home has.

4. Major upgrades

If you’ve recently replaced the septic system, roof, windows, HVAC or other major upgrade, be sure to list the date and cost of the system in your listing. They can help assure potential buyers that they won’t need to make any costly upgrades or repairs anytime soon.

5. Pet and smoke-free

If your home is free of any odors or signs of pets or cigarettes, it will likely be a plus for buyers who are only focusing on homes that are clean and move-in ready.

6. Natural lighting

If your home has a lot of windows or skylights, be sure to include them in your photo and listing. Natural lighting can dramatically improve real estate photos, and it will make your home seem more spacious and welcoming.





Posted by Peter Tzannos on 7/8/2019

As a first-time home seller, it can be tough to establish a competitive price for your residence. And if you set a price that is too high or too low, you risk alienating potential homebuyers or missing out on an opportunity to maximize the value of your house.

Ultimately, there's a lot to think about as you determine the price for your residence. Lucky for you, we're here to help you take the guesswork out of pricing your home, regardless of the current housing market's conditions.

Let's take a look at three tips to help first-time home sellers set a competitive price for a residence.

1. Study the Real Estate Market

How does your residence stack up against similar houses that are currently available in your city or town? Study the real estate market, and you can find out how your residence compares to the competition.

Evaluate the prices of currently available houses in your city or town. With this housing market data in hand, you can learn how your home ranks against the competition and establish a price range for houses that are similar to your own.

Also, examine the prices of recently sold houses in your area. By doing so, you can find out whether you're about to enter a seller's market or a buyer's market and map out your home selling journey accordingly.

2. Perform a Home Appraisal

A home appraisal can make a world of difference, particularly for a first-time home seller who is uncertain about how to upgrade a residence.

During a home appraisal, a property inspector will examine a home's interior and exterior. After the appraisal is finished, this inspector will provide a home seller with a report that outlines his or her findings.

Take the results of a home appraisal seriously – you'll be glad you did. The appraisal enables a home seller to learn about a home's strengths and weaknesses, and as a result, discover the best ways to transform assorted weaknesses into strengths. Then, a home seller can perform myriad home upgrades and may be better equipped than ever before to optimize the value of a house.

3. Consult with a Real Estate Agent

A real estate agent analyzes housing market patterns and trends closely and is happy to share home selling insights at any time. Thus, this housing market professional can help a home seller establish a competitive price for a home from the get-go.

Moreover, a real estate agent will promote a home to the right groups of homebuyers and work with a home seller at each stage of the property selling journey. He or she will even negotiate with homebuyers on a seller's behalf to increase the likelihood that a seller can get the best price for a residence.

When it comes to selling a home for the first time, there is no need to leave anything to chance. Use the aforementioned tips, and a first-time home seller can set a competitive price for a house and increase his or her chances of a quick home sale.




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Posted by Peter Tzannos on 7/1/2019

You’ve moved most of your holiday and birthday shopping online with great results, so why are you hesitant to embrace online grocery shopping?

While the "on-line" part might be new, the delivery part was a staple of family life in yesteryear. The milkman delivered bottles of liquid freshness to the doorstep daily, and the greengrocer hawked his vegetables at your back door. Even the baker delivered fresh bread to your table, and the butcher cut to order and delivered whatever was available.

Then came the “modern” era of supermarkets and big cart shopping. Gone were the days of opening your front door to find the crate of fruit or haggling over a cup of coffee with the produce farmer. The new way to buy food was to make one trip to a large grocery store, fill the cart from shelves stacked with multiple options, gather fruits and vegetables shipped from far lands whether in-season or not, then stand in line to pay for it, let the box-boy or bag-girl pack it up for you and deliver it to your car. Sometimes they even helped you put it in the trunk. Then, when you arrived home, you called to the kids and your spouse to help you bring in the groceries.

With a few adjustments, this is still the norm for most Americans. But it doesn't have to be. You could just have the best of both worlds: all the choices available from a large supermarket with the convenience of home delivery.

Online shopping

Grocery shopping via online portals typically falls into three categories: online only stores; supermarkets with online pickup or delivery services; shopping and delivery services.

  • Online only. As the name indicates, these stores do not exist as brick and mortar. Clients order and pay via a website and products arrive at their doorstep. At one time, online portals offered only dry goods since shipping in warm or cold seasons would not affect the product. Now, however, many online grocers offer packaged meals with fresh meat and produce packaged especially to arrive farm fresh and ready to cook.
  • Supermarkets. Not to be outdone by the convenience of online shopping, grocery stores and supermarket chains began offering online services for order with convenience pick up in designated store locations. Amazon’s purchase of Whole Foods chain spurred even more competition in the online ordering arena. Some stores also offer preferential parking for online order customers. Other stores now offer delivery for a fee, even same-day delivery, and a short delivery window, so you're not stuck at home waiting.
  • Services. To fill the gap, shopper and delivery services like Insta-Cart and Shipt will shop for you at stores that don't offer delivery. 

If you're pressed for time and are looking for a new way to add more time to your life, try out one of these services.




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Posted by Peter Tzannos on 6/24/2019

If you intend to list your residence, you'll need to think about how you'll price your residence. However, what you initially paid for your home is unlikely to match its value today. And if you set an initial asking price that is too high, you risk alienating potential homebuyers.

Lucky for you, we're here to help you determine the ideal initial asking price for your residence to increase the likelihood of a fast home sale.

Now, let's take a look at three quick, easy ways to establish a competitive price for your house.

1. Look at Housing Market Data

Housing market data is easy to find and can show you how your residence stacks up against recently sold homes in your area.

Evaluate the prices of recently sold local residences that are comparable to your own. With this housing market data in hand, you can better understand pricing trends for houses in your city or town.

In addition, don't forget to check out the prices of available houses in your region. This housing market data will help you understand the current state of the real estate market.

2. Conduct a Home Appraisal

A home appraisal is valuable because it allows you to receive a property valuation from a home expert. When the appraisal is complete, you may be able to prioritize various home improvement projects as well.

During a home appraisal, a property expert will examine your home's interior and exterior. This property expert also will assess the prices of recently sold and available homes in your area, including the prices of residences in your neighborhood. Following the appraisal, you'll receive a property valuation.

If a property valuation falls below your initial expectations, there is no need to worry. Remember, you can always perform assorted home maintenance and upgrades to boost your house's value.

3. Collaborate with a Real Estate Agent

Work with a real estate agent throughout the home selling process – you'll be glad you did. A real estate agent will go above and beyond the call of duty to ensure that you can get the best price for your residence, regardless of the housing market's conditions.

A real estate agent first will learn about you, your home and your home selling goals. Next, this housing market professional will list your residence, promote it to large groups of homebuyers and host home showings and open house events. If a homebuyer submits an offer on your residence, your real estate agent will help you analyze the proposal and determine whether to accept, reject or counter it.

Furthermore, a real estate agent is happy to respond to any home selling questions. This housing market professional knows exactly what it takes to sell a residence, and as such, is ready to respond to your home selling queries at all times.

Get the best price for your home – use the aforementioned tips, and you can price your house appropriately.





Posted by Peter Tzannos on 6/17/2019

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The idea of homeownership can seem daunting if you doubt you can save up a down payment. After all, even a modest house on a conventional mortgage requires twenty percent plus the closing costs. When saving up seems out of reach, try these creative tips to grow your nest egg:

Delay gratification

A lofty word for a simple idea, delaying gratification means doing without for now so that to attain a specific goal. Nearly every budget has discretionary funds—what’s left over after paying rent, utilities, and other necessary bills. Once you’ve identified what’s left over, you get to decide how to spend it. When homeownership is the goal, some purchases become less necessary, and others can wait until you’ve attained your objective.

First, open a savings account specifically for your down payment. Consider setting it up in a credit union or a different bank from your regular financial institution so that the extra effort it takes to move it into your regular account mitigates the temptation to use it to pay bills.

Then, consider ditching these items for less expensive alternatives (or altogether) and putting the savings directly into your new account. Treat the savings as an expense, the same way you did the bill payment, or else the extra funds could just slip away:

  • Gym membership: finding a less expensive gym or utilizing a local park for workouts could save you an extra $35-50 per month.
  • Dump satellite or cable. Try to opt for less expensive online streaming alternatives or plan regular evenings with friends to share viewing your favorite shows. Depending on the plan you have, savings can really add up and more time socializing with friends is a bonus.
  • Instead of expensive meals out, plan a movie or game night at home. Invite friends and share potluck or have everyone bring ingredients to cook together.
  • Local libraries have current books, DVDs, audiobooks, and magazines so make a habit of stopping there to check them out instead of paying for your own. Many electronic media memberships have options for sharing with a friend or family member and qualifying for free books and audios.
  • Make saving a game. See who saves the most each week—you or your spouse/partner—and allow that person one small indulgence—a latte, for example, or an evening free of the children for a spa bath.

Set a price on each of these events and pay that amount into your savings account. If you don’t isolate the savings, you’ll find it harder to keep it up.

Find alternative income

You could take a second job to add to your savings or a freelance gig. Put 100 percent of what you've paid into your savings account. Other options include monetizing a hobby (if it doesn’t cost you more money than you make) to sell online or through local outlets. Perform seasonal jobs such as raking leaves, shoveling snow or washing windows.

Put all loose change in a piggy bank (or coin jar). Determine to spend only paper money, then save all the loose change. When the jar or bank is full, take the coins to the bank or a coin-counting machine. Discipline yourself to put the cash in your savings account though so it doesn't slip through your fingers.

As you near your savings goals, reach out to your real estate professional for tips on finding the perfect home in your budget.




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