Hopkinton, MA:

This Multi-Family in Hopkinton, MA recently sold for $515,000.

This property features 10 total rooms, 1 half bath, 5 bedrooms, 0.24 acres, and was sold by
Chuck Joseph – RE/MAX Executive Realty

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As a home seller, receiving the first offer on your residence can be an exciting experience. However, the initial offer on your home may prove to be insufficient for a number of reasons, including:

1. The offer fails to meet your expectations.

Ideally, a home seller will allocate the necessary time and resources to fully analyze a house before adding it to the real estate market. This will enable a home seller to establish realistic expectations for his or her house and price it accordingly.

Conducting a home appraisal offers a great starting point for a home seller to determine the true value of a residence. This appraisal ensures a home inspector will examine a residence’s interior and exterior. Then, the inspector will provide a report that details a house’s strengths and weaknesses.

With a home appraisal report in hand, a home seller should have no trouble establishing a “fair” price for his or her residence. And if an initial offer falls short of this price, a home seller can politely decline the proposal and wait for additional offers.

2. The homebuyer has submitted a “lowball” proposal.

In some instances, a homebuyer may submit a “lowball” offer in the hopes of acquiring a terrific house at a budget-friendly price. If a home seller cannot differentiate between a reasonable offer and a lowball proposal, he or she risks missing out on an opportunity to optimize the value of a residence.

An informed home seller should examine the prices of available houses that are similar to his or her own. By doing so, this property seller can see how his or her residence stacks up against the competition and map out the home selling journey accordingly.

Moreover, an informed home seller will mow the front lawn, trim the hedges and do whatever it takes to enhance a house’s curb appeal. This home seller likely understands the importance of making a positive first impression on homebuyers, and as a result, will perform assorted home exterior improvements to help reduce the risk of receiving a lowball initial offer.

3. The offer does not correspond to the current state of the housing market.

For a home seller, it is essential to work with a real estate agent who can provide full details about the current state of the housing market.

A real estate agent can help a home seller differentiate between a buyer’s market and a seller’s market. Plus, this housing market professional can provide honest, unbiased recommendations about whether a home seller should decline an initial offer on a home.

Many real estate agents are available in cities and towns nationwide, and these housing market experts are happy to help home sellers in any way they can. If you employ a real estate agent before you list your home, you can reap the benefits of unparalleled guidance at each stage of the home selling journey.

There is no reason to settle for a subpar initial offer on your residence. Instead, consider a first offer closely, and you can make an informed decision about whether to decline or accept it.

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Hopkinton, MA:

This Single-Family in Hopkinton, MA recently sold for $1,200,000.
This is a Colonial style home and features 9 total rooms, 3 full baths, 1 half bath, 4 bedrooms, 5.22 acres, and was sold by
Chuck Joseph – RE/MAX Executive Realty

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Welcome to this down town colonial situated on an oversized, wooded lot. This charming home has many vintage architectural details, including arched doorways, glass doorknobs, and built in cabinetry. It features a remodeled full bath with tiled shower. Updated family room with surround sound, smart TV and working fireplace. A three season sun room has three walls of windows and easy out to the yard. The first floor office, with its own exterior entrance, could also be a 4th bedroom. Two working fire places. Newer furnace and AC. Beautiful mature flowering trees on a level lot. Located close to the town common, schools, library and shops and the famous starting line for the Boston Marathon. Easy out for commuting. Hopkinton has been voted one of the safest towns in the state, and the high school ranked third in the state!

This is a Colonial style home and features 8 total rooms, 2 full baths, 3 bedrooms, 0.60 Acres, and is currently available for $519,900.

For complete details click here.

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