What to Expect When Listing Your House: The Offer

by seacoast_ashley 19. June 2015 10:31

 

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As soon as our home hit the market we starting showing the house. Four days after going active in our MLS (Multiple Listing Service), our Agent hosted our first open house. Two days later, we had an offer. As soon as the text message came through that our Agent had emailed us a copy of the offer, my husband and I commented that, “This is it! We need champagne for signing!” Ahhh, how that elation quickly deflated.


With shaky hands we opened the offer. It was for a whopping $25,000 less than our list price. For some houses, $25,000 isn’t a very big percentage. But for our house, listed right above $200,000, it was over 25%. There was no way that the offer could work. No matter how fast we needed to move we couldn’t come to the closing table with much cash. We could not afford to sell our house!


Our Realtor's job got pretty stressful pretty quick. He was tasked with calling the Buyer’s agent to let her know that we had a counter-offer. The counter was nowhere near the Buyer’s number. It was only a couple thousand dollars less than our list price. We decided (with our Realtor) when deciding on a list price that we would price aggressively but that it would leave us with little wiggle room in negotiations. We figured that it must just be the Buyer’s negotiating tactic, start super-low and hope that we would all end up somewhere in the middle. This did not work. We came as low as we could, and they came as high as they would. The buyers ended up walking away “to look at other properties.” That deal was dead.


My husband, my Realtor and I were all disappointed. We had our bottom-line number, and although our awesome Agent had gotten us very close, it just wasn’t close enough. No matter how close the number got to our bottom-line we still only had a certain amount of attainable cash to access. That would not change. I am pretty sure that we all had a sinking feeling in our stomachs that it might be a while before we got another offer. What if we could never get close enough to sell? Our family fell into a little depressive state.


Luckily, this “Flat Offer Depression” didn’t last long! Six days later our Realtor hosted another open house (2 open houses and 12 showings if you are keeping track). The next day we had another offer! The offer came in around 7pm. It was even lower than the first offer from the week before.


This was a huge blow. Panic set in. We would never be able to sell this house. We countered-- and then we started pricing the rental market for a 4-bedroom single family home. We were going to have to be landlords...ugh. Buzzz, a new text message. The buyers had countered our counter-offer. They came up a lot! Now the game was really heating up. We poured glasses of wine, and turned the couch into a negotiating command center. The timing of the offer meant that we could be negotiating until very late in the night.


Our Realtor was the voice of calm reason. He could never (by law) give us a number or tell us exactly what to do, but he did offer advice on different scenarios and how it might all play out. This was a huge help! There were things that we hadn’t thought about. By 11:00pm we had reached our bottom-line. We countered with that number, and the notice that this was our lowest number before we would have to walk. The buyer accepted. We were officially under contract!

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I am not a very confrontational person, so the whole process gave my stomach the wiggles. I am grateful that I was not the one on the phone during the negotiating process. The excitement that my husband and I initially felt, quickly shifted to frenzy(how will we get all the stuff packed, where will we go?), then to nostalgia for our our home (hey, we brought three newborn babies into those doors!), and finally to conclusion. We are ready for adventure...little did we know on that night that this house held a whole lot of adventure left for us!


Visit the blog next week to find out what happens after the offer is accepted! We should have saved that nice bottle of champagne for closing night!


Have you ever celebrated too soon? Let us know on our Facebook page

https://www.facebook.com/seacoastrealty


Are you ready to sell and learn the process for yourself? Or, make an offer and send a seller into a frenzy? Find a Realtor here

http://www.seacoastrealty.com/






What to Expect When Listing Your House: Step 3 - Papers, Open Houses, and Showings..Oh My!

by seacoast_ashley 12. June 2015 10:02

The two most important decisions that we have made, thus far in our house-selling adventures, have been choosing our realtor and preparing our home for listing.  I am going to hit the three topics listed in the title above, and hopefully you will see why! Lets go in order, and if you are feeling a little lost it might be because you missed the first two blogs in this series. You can go back and read them here http://www.seacoastrealty.com/blog/.


Before, during, and after listing your home for sale there is a mountain of paperwork that must be read, checked over, filled in, and signed. I love words. I love writing. I love reading. However, there is nothing I dislike more than contracts. Every contract that I have ever received or signed immediately sends me into a full-stress overdrive. I worry that I missed something, or that I didn’t read the technical or legal language correctly. I worry that I have just signed my children away on accident!


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Pick a good one! These people will be your new best friend.


This contract/ legal-form dread has one antidote. That would be, a really great Realtor! My realtor has filled-out and read over hundreds of these contacts. He knows exactly what the form is saying in layman’s terms. I have texted, emailed, and called him so many times just to make sure that I am getting it right. To make the form-life even easier, my realtor utilizes a program that allows for me to sign all paperwork online. He can instantly see what I have done, and either congratulate me on finally understanding that “property” is referring to the house and land, or gently remind me that this is the year 2015 not 2014. DotLoop (the program that I am speaking of) also allows for my Husband and I to look back over anything that we have already signed. It lets us each sign individually, so even when we aren’t together we can sign and don’t have to meet and drive to a certain place. This is one of the major differences this time around from the last time we bought or sold a house.


These are just a few of the forms, contacts, etc that we have filled out or signed thus far (3 weeks in). I am sure that there are more, but these are the ones that are living in my DotLoop “Loop”.


Working With Real Estate Agents

Professional Services Disclosure

Exclusive Right to List

Lead Based Paint Disclosure Form

Mineral Oil/Gas/Rights Disclosure

Residential Property Disclosure


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Our realtor was on-point with advertising!


As soon as we crossed the mountain of paperwork, we were ready to go go go! Our agent knew the importance of a fast sell, so he immediately set up an open house within our first week on the market. This ended up being not quite as nerve wracking as I had expected. The house was already clean (due to our prepping to sell). Our only obligation was to make sure the house looked good, and to leave (yes leave, with 3 small kids and a dog) for 4 hours. The turnout was great, and he went ahead and scheduled another open house for the following weekend.


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What the days looked like.


It was hard to get ourselves and then keep ourselves (we have a dog that gets extremely car-sick) out of the house for a good chunk of the weekend, but it was well worth it. We got great feedback from agents. Requests for showings started pouring in. This told us two things. We were priced right, and people liked the house! All of the cleaning and housework, and our realtors hard work was paying off!


Because we were getting so many requests for showings, we needed to plan our “showing method”. After planning our showing method (how would we receive request, what lead time we required, what would need to be taken out of the house) life became a race. We were racing from work to home, home to the park, and back again. We really got to know our current city better, because we were forced to spend so much time out of the house.


Our agent set our phones up with an app called ShowingTime. This app was incredibly helpful. My husband and I would each receive a text message alerting us that there was a request to view our home. We were able to respond with a simple “Y” or “N” or suggest a different time. We loved that we were able to find out as soon as there was interest in seeing the home, as it gave us extra time to get the house cleaned-up and plan where we will take the kids and dog during the showing.I would suggest that you speak with your realtor about how he/she plans to notify you about your showing request.


No matter when the showing was requested we always made it work. This was not easy, but well worth the effort. We received an offer after only 6 days on the market! Next week’s blog will fill you in on the offer and negotiating process!


As always, I love hearing your listing stories! And, can easily direct you a person that might be able to answer your real estate questions and calm your listing fears!

For a great realtor(like mine) look here...

http://www.seacoastrealty.com/


To join in the selling conversation visit us here

 

https://www.facebook.com/seacoastrealty

Lucky

by seacoast_ashley 18. March 2015 08:32

The Merriam-Webster Dictionary defines the word "Luck" as, “A force that brings good fortune or adversity”. On St. Patrick’s Day, we frequently heard the word luck. This had me thinking about the ways in which I have been lucky, and what I would do if Big luck struck.


I have been the winner of exactly one contest in my life. When I was 11 years old, I purchased a raffle ticket at my local pharmacy. The ticket sales were to sponsor a Special Olympian in my hometown. I won! The pharmacy called, and told me that I was the winner of one of the five or so prizes that were up for grabs. I pictured over and over the bucket of beauty items that I would be picking up later that day. When I arrived the counter clerk handed me what every 11 year old girl would want...an oscillating fan.I did not win the make-up. I won the fan.  Lucky streak number one seemed to have come to an end. As an adult living in Wilmington, North Carolina I can now see the benefit of winning a fan!


I may not have won very many contests, but I am still prone to buying a lottery ticket if the jackpot is huge. Luck can change in an instant, right? As soon as the ticket is mine, I think of all the ways that I could spend the money. I wonder what the very fortunate lady from Brunswick county (she won $188 million) will do with her riches? For me it always goes back to charity (animals and the arts), my family and friends, and my home. And, I mean a big home with a stunning view and a pool.


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6454 Shinnwood Rd. Wilmington, NC

Coldwell Banker Sea Coast Advantage gets to be a vehicle for luck everyday. When a seller gets his/her offer or when a buyer has his/her offer accepted, those people feel lucky. Once a month we call one very fortunate person to tell them that they are the winner of our ongoing Coast in and Win contest. This person is the recipient of a $500 check from Coldwell Banker Sea Coast Advantage. How did they enter the contest? By walking in and looking at one of the beautiful homes hosting a weekend open house! What luck!


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It is a pretty big stretch to think that I would ever win the lottery, but $500 seems pretty possible. I think I would treat myself to a shopping day at some of my favorite local stores, and hire a really nice babysitter for the evening. What would you do with an extra $500? Would you donate it? Would you treat yourself?


Let us know what you would do with an extra $500

https://www.facebook.com/seacoastrealty


Learn more about our Coast in and Win Contest and view our open houses

http://bit.ly/JVRxuj


You can find more information on the house in the photo above by visiting http://bit.ly/1CrMonj

(Home listed by Jessica Edwards and Associates The Carolinas Finest)








Featured Home of The Week!

by seacoast_ashley 21. November 2013 05:20

6901 Runningbrook, Wilmington, NC 28411

Homes For Sale, Real Estate, Wilmington North Carolina, Coldwell Banker Sea Coast Advantage

This executive craftsman style home in Demarest Landing overlooks beautiful Howe Creek. Demarest Landing is unique with winding paths, abundance of trees and lush landscape, neighborhood pier, dock and boat house, club house, pool and tennis courts. From the rich hardwoods and custom mantel and window seats, it's the perfect home for entertaining and family memories. The gourmet kitchen includes a Wolf gas cooktop, custom cabinets, tiled back splash, refrigerated drawers and large granite island with prep sink. The great room (kitchen, breakfast and family room) has views of Howe Creek as does the living room and all bedrooms. The main floor Master has his and her vanities and closets. Upstairs you will find 3 bedrooms and two baths with extra room for play or reading. The ground floor has a sitting/bonus room and study/5th bedroom with full bath. Expansive deck along rear of home offers great sunsets over the water. A stone retaining wall and dock complete your private enclave.

Homes for Sale, Real Estate, Wilmington North Carolina, Coldwell Banker Sea Coast Advantage

Homes for Sale, Real Estate, Wilmington North Carolina, Coldwell Banker Sea Coast Advantage

Homes for Sale, Real Estate, Wilmington North Carolina, Coldwell Banker Sea Coast Advantage

People are back to buying houses right now and supply is low. If you see a home that you love, make sure you give one of our SeaCoasters a call right away, before it’s gone! It’s a seller’s market and we need houses… list with us! We can get it sold for you - Coldwell Banker Sea Coast Advantage is Southeastern North Carolina’s real estate leader for a reason.

Follow us on TwitterFacebook and Google+, we’ll keep you updated on Homes for Sale in Wilmington, North Carolina!

Featured Home of The Week!

by seacoast_ashley 13. November 2013 08:11

2215 Villamar Dr, Leland, NC 28451

Homes for Sale, Real Estate, Wilmington North Carolina, Coldwell Banker Sea Coast Advantage

Upscale, LUXURY award-winning Captiva is perfect for living the Brunswick Forest lifestyle! Telescopic doors open to the expansive screened lanai with 3 season windows & summer kitchen. Also, an inviting patio, private backyard & tropical landscaping! Hardwood flooring anchors the open living area with gas fireplace surrounded by built-ins. Chef's kitchen has upgraded cherry cabinetry, granite, stainless appliances & roomy pantry. Formal dining, guest bath & den complete this area. Master Suite features French door to lanai & lavish bath has a jetted tub, dual vanities, walk-in tiled shower & large walk-in closets. Two additional bedrooms each have their own bath. Oversized garage has work bench, finished floor & sink. Climate controlled storage can also be used for office/den. Plantation shutters, keyless entry, attic and surround sound complete this amazing home. HOA dues include full lawn maintenance! Wellness Center, pools, parks, kayak/boat launch, 18-hole GOLF course & more!

Homes For Sale, Real Estate, Wilmington North Carolina, Coldwell Banker Sea Coast Advantage

Homes For Sale, Real Estate, Wilmington North Carolina, Coldwell Banker Sea Coast Advantage

Homes for Sale, Real Estate, Wilmington North Carolina, Coldwell Banker Sea Coast Advantage

People are back to buying houses right now and supply is low. If you see a home that you love, make sure you give one of our SeaCoasters a call right away, before it’s gone! It’s a seller’s market and we need houses… list with us! We can get it sold for you - Coldwell Banker Sea Coast Advantage is Southeastern North Carolina’s real estate leader for a reason.

Follow us on TwitterFacebook and Google+, we’ll keep you updated on Homes for Sale in Wilmington, North Carolina!

Featured Home of The Week!

by seacoast_ashley 1. November 2013 03:17

307 Shoreline Dr, Sunset Beach, NC 28468

Homes for Sale, Real Estate, Coldwell Banker Sea Coast Advantage

Need we say more about this magnificent home with unparalleled views of Sunset Beach from 3 levels of living space? Built without compromise, this home reflects the very best. The home is designed with entertaining in mind. The expansive gourmet kitchen features top of the line appliances, wine cooler, ice maker, granite counters and 12' x 4' island with cooktop. Family memories will be captured when you entertain with a beautiful dinner in the intimate dining room. The top floor features an elegant master suite and master bath with the same fantastic views. Guests will love their choice of bedrooms, each offering the elegance to allow a welcomed visit. After an exhausting day of work or play, relax with a glass of sweet tea in the Carolina Room or on the huge deck and watch the boats navigate along the waterway. An added bonus is the pier with a boat lift and floating dock. There is also an elevator to all floors. You must see this home to appreciate all the custom features.

Homes for Sale, Real Estate, Coldwell Banker Sea Coast Advantage

Homes for Sale, Real Estate, Coldwell Banker Sea Coast Advantage

People are back to buying houses right now and supply is low. If you see a home that you love, make sure you give one of our SeaCoasters a call right away, before it’s gone! It’s a seller’s market and we need houses… list with us! We can get it sold for you - Coldwell Banker Sea Coast Advantage is Southeastern North Carolina’s real estate leader for a reason.

Follow us on TwitterFacebook and Google+, we’ll keep you updated on Homes for Sale in Wilmington, North Carolina!

Featured Home of The Week!

by seacoast_ashley 23. October 2013 09:58

2625 Seashore Rd, Supply, NC 28462

Homes for Sale, Real Estate, Wilmington North Carolina, Coldwell Banker Sea Coast Advantage

What a rare find! This property consists of a parcel of land totaling +/- 7.23 acres that runs from the gated entrance on Seashore Road to the Intracoastal Waterway. Parcel includes a 4700+ sq ft, 3 story southern plantation home complete with pier, floating dock, and boat lift. The 2nd lot also has a pier. This home boasts spacious porches on the first 2 floors, a pool complete with brick patio and outdoor kitchen, and large Live Oaks that offer just the right buffering from the ICW. Inside you will find 4 bedrooms each with their own private bath. The first floor consists of a gourmet kitchen, formal dining room, den, living room, laundry, and a spacious master suite. The second floor offers yet another master suite complete with its own screened porch and office overlooking the ICW, as well as a 3rd and 4th bedroom and a bonus room with separate staircase. Third floor offers a 2nd bonus room complete with wet bar and private bath.

Homes for Sale, Real Estate, Wilmington North Carolina, Coldwell Banker Sea Coast Advantage

Homes for Sale, Real Estate, Wilmington North Carolina, Coldwell Banker Sea Coast Advantage

Homes for Sale, Real Estate, Wilmington North Carolina, Coldwell Banker Sea Coast Advantage

People are back to buying houses right now and supply is low. If you see a home that you love, make sure you give one of our SeaCoasters a call right away, before it’s gone! It’s a seller’s market and we need houses… list with us! We can get it sold for you - Coldwell Banker Sea Coast Advantage is Southeastern North Carolina’s real estate leader for a reason.

Follow us on TwitterFacebook and Google+, we’ll keep you updated on Homes for Sale in Wilmington, North Carolina!

Beth Fortunato Team Ranks in the Top 10 Coldwell Banker Teams in North Carolina

by seacoast_ashley 8. November 2011 09:56

The Beth Fortunato team with Coldwell Banker Sea Coast Realty in Wilmington, N.C. was ranked in the Top 10 teams in North Carolina for the Coldwell Banker® franchise system for the third quarter of 2011.  The Beth Fortunato team consists of Tammy Barnes, Ed Barry, Brenda Bokano, Beth Fortunato, Jim Fortunato, and Pat Palumbo.

Out of the approximately 100 Coldwell Banker affiliate teams in North Carolina, the Beth Fortunato team ranked No. 5 in Total Units, No. 6 in Selling Units, No. 7 in Listing Units, and No. 9 in Adjusted Gross Commission Income.

“Tammy, Ed, Brenda, Beth, Jim, and Pat exemplify the standards of excellence for which Coldwell Banker professionals are known,” said Frank Lindsay, Southern regional director for Coldwell Banker Real Estate LLC. “It is an honor to recognize them as one of the top 10 teams in the state of North Carolina.”

Brett Knowles Team Ranks in the Top 10 Coldwell Banker Teams in North Carolina

by seacoast_ashley 6. November 2011 02:00

The Brett Knowles team with Coldwell Banker Sea Coast Realty in Wilmington, N.C. was ranked in the Top 10 teams in North Carolina for the Coldwell Banker® franchise system for the third quarter of 2011.  The Brett Knowles team consists of Brett Knowles, Judy Wax, and Robin Knotts.

Out of the approximately 100 Coldwell Banker affiliate teams in North Carolina, the Brett Knowles team ranked No. 5 in Adjusted Gross Commission Income and No. 9 in Listing Units.

“Brett, Judy, and Robin exemplify the standards of excellence for which Coldwell Banker professionals are known,” said Frank Lindsay, Southern regional director for Coldwell Banker Real Estate LLC. “It is an honor to recognize them as one of the top 10 teams in the state of North Carolina.”

Chuck Lukoski Team Ranks in the Top 10 Coldwell Banker Teams in North Carolina

by seacoast_ashley 5. November 2011 02:00

The Chuck Lukoski team with Coldwell Banker Sea Coast Realty in Sneads Ferry, N.C. was ranked in the Top 10 teams in North Carolina for the Coldwell Banker® franchise system for the third quarter of 2011.  The Chuck Lukoski team consists of Chuck Lukoski and Larry Collins.

Out of the approximately 100 Coldwell Banker affiliate teams in North Carolina, the Chuck Lukoski team ranked No. 1 in Selling Units, No. 6 in Total Units, No. 10 in Adjusted Gross Commission Income.

“Chuck and Larry exemplify the standards of excellence for which Coldwell Banker professionals are known,” said Frank Lindsay, Southern regional director for Coldwell Banker Real Estate LLC. “It is an honor to recognize them as one of the top 10 teams in the state of North Carolina.”

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