Alison Brown, Realtor, Coldwell Banker Residential Brokerage President’s Elite, CRS, CBR


As a homebuyer, you may want to consider the seller's perspective before you submit an offer to purchase your dream house. That way, you can boost the likelihood of receiving an instant "Yes" to your homebuying proposal.

Now, let's take a look at three tips to help you analyze the seller's perspective.

1. Review the Prices of Comparable Homes

Once you find your dream home, you may want to take a look at the prices of comparable residences in the same city or town. This housing market data can help you narrow the price range for houses in a particular area.

With insights into the prices of houses that are similar to your dream home, you can put together a data-driven offer to purchase. Perhaps best of all, you can avoid the risk of submitting a "lowball" homebuying proposal that misses the mark with a home seller.

2. Assess the Housing Market

The current state of the housing market may have far-flung effects on how much you should offer to pay for a residence.

For instance, in a buyer's market, there is an abundance of available houses and a shortage of buyers. This often means buyers can browse dozens of outstanding houses and won't necessarily face steep competition to acquire the right residence at the right price.

On the other hand, a seller's market favors sellers. It generally features an abundance of buyers and a shortage of top-notch residences. Therefore, if you're searching for a home in a seller's market, you may need to submit a competitive offer to purchase to secure your dream house.

Review the housing market closely so you can differentiate a buyer's market from a seller's market. If you find houses are selling quickly at or above sellers' initial asking prices, you likely are operating in a seller's market. Or, if you find houses linger on the real estate market for many weeks or months and sell at or below sellers' initial asking prices, you may be working in a buyer's market.

3. Collaborate with a Real Estate Agent

A real estate agent is a homebuying expert who can provide you with housing market insights that you may struggle to obtain elsewhere. Plus, he or she can help you evaluate the seller's perspective so you can submit a competitive offer to purchase the home of your choice.

Let's not forget about the assistance that a real estate agent provides throughout the property buying journey, either. A real estate agent can help you hone your home search and find your ideal residence in no time at all. Furthermore, if you have concerns or questions at any point during the homebuying journey, a real estate agent is ready to address them.

Want to purchase your dream house at a price that matches your budget? Consider the seller's perspective – you'll be glad you did. If you review the seller's perspective, you can craft a competitive homebuying proposal and move closer to acquiring your ideal house at a budget-friendly price.



2 King Phillip Street, Medway, MA 02053

Single-Family

$315,000
Price

6
Rooms
3
Beds
1
Baths
Welcome to this great starter 3 bedroom colonial with hardwood floors, tile, vinyl siding, large deck, low maintenance yard. Nice white kitchen and a finished walk-out basement. Conveniently located on a cul de sac in great neighborhood. This is a great condo alternative with easy access to major routes. Just blocks from the Charles River, close to shopping. Roof and siding around 10 years old. Sellers can close quickly!
Open House
Saturday
December 01 at 12:00 PM to 2:00 PM
Great opportunity to own a house vs a condo! Cute 3 bedroom, 1 full bath home freshly painted and ready to move in. Can close quickly if you would like!
More Open Houses
Cannot make the Open Houses?
Location: 2 King Phillip Street, Medway, MA 02053    Get Directions

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5 Minuteman Rd, Medfield, MA 02052

Single-Family

$1,595,000
Price

14
Rooms
5
Beds
3/2
Full/Half Baths
Welcome to this exceptional custom built home in Medfield's highly desired Woodcliff Estates neighborhood, easy access to Rocky Woods Reservation hiking/biking trails, shopping, and downtown Medfield. Scott Colwell built home, impeccably maintained by original owners, boasts a gracious 2 story foyer, dual staircase, and finished 3rd floor. Two story family room, w/ stunning stone fireplace, opens to a beautiful gourmet kitchen with custom wood cabinetry, granite countertops, Viking stove and hood, double wall ovens, Bosch dishwasher, pantry, and oversized island. First floor also includes well sized living room, dining room, home office/sixth bedroom, two half baths, and mudroom leading to three car garage with direct basement access. Five generously sized bedrooms, 3 full bathrooms, and laundry room on second floor. Oversized windows allow wonderful natural light. Extensive use of red oak flooring. Professionally finished basement. Screened porch and deck with private wooded view.
Open House
Sunday
December 02 at 1:00 PM to 3:00 PM
Woodcliff Estates 5 bedroom, 3 full 2 half bath over 5,500 sq ft of living with 3 car garage and nicely set on 1+ acres. Home has been recently painted with nice neutral colors,split staircase, 2 gas fire places, stairway from garage to basement, red oak hardwoods throughout first floor and second floor hallway, gourmet kitchen with upgraded appliances. A must see!
Cannot make the Open Houses?
Location: 5 Minuteman Rd, Medfield, MA 02052    Get Directions

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2 King Phillip Street, Medway, MA 02053

Single-Family

$315,000
Price

6
Rooms
3
Beds
1
Baths
Welcome to this great starter 3 bedroom colonial with hardwood floors, tile, vinyl siding, large deck, low maintenance yard. Nice white kitchen and a finished walk-out basement. Conveniently located on a cul de sac in great neighborhood. This is a great condo alternative with easy access to major routes. Just blocks from the Charles River, close to shopping. Roof and siding around 10 years old. Sellers can close quickly!
Open House
Sunday
December 02 at 11:00 AM to 1:00 PM
First open house this Sunday 11 - 1 - Great starter home - nice and neutrally painted. Move right in!
Cannot make the Open Houses?
Location: 2 King Phillip Street, Medway, MA 02053    Get Directions

Similar Properties



Sellers who are eager to attract serious buyers and maximize the value of their home often utilize home staging as a way to leave a good impression.

Homes that are skillfully staged look better in photos online, creating more leads, showings, and ultimately, offers. Furthermore, prospective buyers want to be able to envision themselves living in a home. Staging makes it easier for them to understand what it would look like and how spacious it will feel once it has been furnished.

Home staging by the numbers

You don’t, however, have to take my word for it. The National Association of Realtors (NAR) releases an annual report which collects and analyzes survey data from nearly 2,000 agents regarding their experience with home staging.

In their findings, they note that 62 percent of agents agree that staging a home lessens the time the property is for sale. Furthermore, 77 percent of agents said home staging makes it easier to visualize living in a home that would otherwise be empty.

Which rooms should be staged?

Staging an entire home takes an enormous amount of time and money. One way to simplify the process is to stage a select few rooms. In the NAR’s study, they asked agents which rooms they typically staged when selling a home. The results:

  • 83% Living Room

  • 76% Kitchen

  • 69% Master Bedroom

  • 66% Dining Room

  • 53% Bathroom

  • 31% Yard Space

  • 25% Children’s Bedroom

  • 21% Guest Bedroom

From these results, we can ascertain that it’s important to stage the main rooms of your home. Lesser used a multi-purpose rooms (like offices and guest rooms) aren’t as important to stage.

Can staging your home increase the sale price?

It’s difficult to say with certainty if, and by how much, home staging affects the sale price of a home. However, if staging your home is successful at getting the attention at a greater number of prospective buyers, there’s a good chance you’ll be able to go with the highest bidder.

When the NAR asked agents if staging increases the amount buyer’s offer on a home, their responses were somewhat mixed.

  • 29% of respondents thought it increases the offer by one to five percent

  • 21% of respondents say it increases the offer by six to ten percent

  • 8% said it increases the offer from between eleven to twenty percent

  • 14% said it had no impact on the dollar value of the home

  • 27% were unsure if it had an impact on the dollar value

In general, it would seem that most agents feel that staging a home not only improves a buyer’s opinion of a home, but also increases its sale value. If you’re planning on selling in the near future, staging at least part of your home could be something to consider to give your property a competitive edge.




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