Thursday, May 31, 2018
The Counteroffer: Negotiating a Real Estate Deal
Buying a home is rarely as simple as making an offer and paying that offer out. Negotiations can go back and forth for weeks before the seller and buyer are both satisfied.
The vehicle for this negotiation is the counteroffer - a vital and complex rejection and counter to an offer made by either party. Counteroffers are typically handled between real estate agents and are time sensitive.
Selling or buying a home is more of a process than a transaction, so it's important to understand counteroffers before you make your first offer.
Why was I countered?
As a home buyer, if you make an offer below list price, the seller may choose to reject, accept or simply let the offer expire. If there are multiple offers, the listing agent will lay out the options for their client and then notify all buyers’ agents of the choices.
Sellers may also counter your proposed closing date. If they need to move out quickly, they may want to push it earlier. They may also ask to rent the property for a time after the settlement.
Price and closing date negotiations are common from both parties, but there are even more reasons sellers can potentially get countered.
The condition of the home is likely the biggest factor here. As home buyers conduct ongoing research into the home, any problems with the condition of the house can result in a counteroffer.
If you've chosen to take appliances with you when you move, buyers may also look to negotiate for those.
Appraisals are another reason for counteroffers. If an appraisal comes in below the agreed-upon sale price, it will affect the amount the mortgage company will lend to the buyer.
Negotiation power
When reviewing a counteroffer, it's important to have an experienced real estate agent who can capitalize on your advantages in a negotiation. Both sellers and buyers can take steps to put themselves in an advantageous position through planning and smart counteroffers.
Knowledge is power in negotiations, so try to glean as much information about the seller or buyer as you can. Your agent will also seek information from the other agent on your behalf.
Sometimes sellers use the pending sale of their home to finance another, meaning they have a truncated timeline and could be more eager to make a deal. Similarly, buyers who have terminated a lease may be desperate for a place to live and more willing to negotiate.
If you’re selling a home with known issues, anticipate how these problems may put you at a disadvantage during negotiations. A leaky roof may not be discovered until after buyers order a home inspection. Depending on the cost, they may ask the seller to either fix the roof or deduct the cost of a new roof from the sale price.
These types of issues put sellers at a distinct disadvantage because they have to either pay for repairs, lower the selling price, or reject the counteroffer and hope the next buyer doesn't notice or care about repairs.
This is why it's worth the money (around $500) to pay for an inspection before listing a house. Preparation can save you headaches and money down the road.
Responding to a counteroffer
If you've received a counteroffer as a buyer or a seller, carefully review every aspect. Real estate agents, apart from yours, are under no obligation to ensure you read the full contract. So make sure you read everything carefully before you sign.
With each individual counteroffer, consider every aspect of the sale, including old and new information. If you made an offer above the list price, there is always the possibility for an appraisal to come in low.
If you are responding to a counteroffer before an appraisal or inspection, keep those at the forefront of your mind. Prepare yourself for future counteroffers once they are completed.
Whether you're selling or buying a home, establish a baseline for when you will walk away from a sale. As a buyer, you don't want to spend so much on a home that you move in with no cash for improvements and repairs. And as a seller, you should know how much you want to make off the sale.
With a measured and informed approach, counteroffers can be your friend. Communicate often with your agent to let them know what you want from the sale, and never be afraid to walk away if things go south.
Top featured photo from Shutterstock.
Related:
- The Huge Risk Home Buyers Take When They Waive Inspections
- How to Make a Competitive Offer Against All-Cash Home Buyers
- A 3-Step Plan for Finding and Buying Your Next Home
Note: The views and opinions expressed in this article are those of the author and do not necessarily reflect the opinion or position of Zillow.
Originally published October 25, 2016.
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Monday, May 7, 2018
Thursday, May 3, 2018
13 Simple Steps to Prep Your Home for the Best Summer Ever
Summer will be here before you know it, and you know what that means: Heat, hornets and yard work.
If you're starting to miss spring already, fear not. Here are some quick projects to make your home and garden more comfortable and cost-effective this summer.
Inside the house
- Service the air conditioning. Nothing can ruin your day like a broken A/C unit on a summer day, so keep it running smoothly by servicing it every spring. Every three months, change the filter, flush out drain lines with cup of bleach, and ensure that the outdoor unit has room to breathe by keeping vegetation about an arm's length away.
- Replace smoke detector batteries. You'd be surprised at how much peace of mind you'll get after knocking out this one little chore. Change all the batteries on the same day and remind yourself to do it again in six months. If your smoke alarms were manufactured 10 or more years ago, replace them entirely.
- Rotate ceiling fan blades. Your ceiling fan may have a switch that changes the direction in which the blades turn. If so, make sure that the blades are spinning counterclockwise and pushing air down, rather than up.
- Clean behind appliances. You've been putting it off for far too long. You're terrified of the horrors that await in the shadows of your kitchen, but it's time to put on some gloves, arm yourself with disinfectant cleaner and roll out the oven with a brave face.
- Clean dryer vents. If your clothes come out of the dryer damp and musty lately, it's probably because the vent is clogged with lint - not only wasting energy, but posing a significant fire risk. To do it right the first time, purchase a vent-cleaning kit. Its flexible rod and brush attaches to your drill and will extract a puppy-sized mass of lint in no time.
- Upgrade your thermostat. Replacing your existing thermostat with a 'smart' model does more than save you money. They respond to your voice, divert cool air to occupied rooms, can be operated from your phone and might even give you a weather forecast at a glance before work.
- Repot houseplants. Give houseplants fresh potting mix in spring when they're actively growing. Slip the mass of roots and potting mix out of the pot, gently tease apart the roots, remove rotted pieces and replace it with fresh and fertile potting mix. If the leaves are turning pale from too much direct summer sun, move them to a slightly shadier place.
Out in the yard
- Patch your lawn. If you wait too long to plant new grass seeds or sod, aggressive weeds will happily fill the gaps for you. Luckily, grass will quickly establish if you remove all existing weeds beforehand, amend with topsoil and keep the area irrigated for the first week or two.
- Inspect gutters and downspouts. Fall isn't the only time to clean out the gutters, especially if you have messy trees nearby. Make sure that the gutters are soundly attached to your roof, seal any gaps with silicone caulk and remove any obstructions at the base of the downspout.
- Inspect sprinklers. If you notice any clogged or broken sprinkler heads, shut off the water and dig a 2-inch diameter hole around the head. Unscrew the head from its riser and replace with a new one. If the head is merely clogged, remove the basket and rinse both it and the head in clean water. Reassemble the head and screw it onto the riser.
- Get your mower up and running. Give your mower, string trimmer and other lawn equipment some TLC before the summer mowing season begins. After removing the spark plug, replace the air filters, change the oil, sharpen blades and give your equipment a good cleaning.
- Remove hornet nests. If you have hornets, yellow jackets and paper wasps around your home, take steps to remove them now before they form a large, aggressive colony. You can play it safe by calling a professional, or spray nests at night when they're less active. Just be sure to wear protective eyewear, a mask, pants and long sleeves.
- Clean the grill. Prevent flare-ups and cooking fires by giving your grill a good cleaning. Ideally you'd clean after every use, but you can start fresh with a grill brush, nozzle and wet rag. Now is also a good time to stock up on charcoal and make sure your tools are ready for grilling season.
Related:
- 9 Budget-Friendly Staycation Ideas for Families
- Good Clean Fun: How to Build an Outdoor Shower
- How to Choose an Air Conditioner
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Do's and Don'ts of Summer Landscaping
Whether you're dealing with a California drought, an mid-Atlantic heat wave or Deep South downpours, summer can be a tricky time to garden. Here's what you need to know before you leave the comfort of the air conditioning for a steamy backyard jungle.
DON’T: Plant cool-season vegetables
Generally speaking, it's a bad idea to attempt veggies like peas, lettuce, carrots and radishes in summer. They will quickly bolt in the heat, meaning that they'll devote their energy to blooming and producing seeds, making the edible parts bitter.
DO: Plant hot-season vegetables
Take advantage of summer's plentiful heat and sunshine by planting these heat-loving edibles: okra, sweet potatoes, chili peppers, cowpeas, yardlong beans and eggplant. Okra produces prolific pods all summer long, and is drought-tolerant as far as vegetables go. Sweet potatoes make an excellent temporary groundcover in veggie gardens and flowerbeds, shading out weeds until the arrival of cold weather, when they can be harvested.
DON’T: Water unless necessary
It's tempting to set the sprinklers on a timer, kick up your feet and consider it taken care of. But here's why that's a problem: First off, do you really want to be the guy or gal who's caught running sprinklers in a rain storm? Water plants when they are newly planted, or are wilting and/or dropping leaves due to drought.
DO: Use drought-tolerant plants
Drought-tolerant plants are all the rage, and not just because they conserve water. Grow drought-tolerant plants because they're low-maintenance and because you're an average person with - you know- a life. That said, 'drought-tolerant' does not mean that you can plant it and forget it. Keep the soil moist until the plant takes off on its own.
DON’T: Turn your back on the garden
Because in summer, things can change in a heartbeat. Plants can succumb to pests, drought, wet soil or rot in a matter of days. Pay attention to weather forecasts and be on the lookout for plants that are clearly struggling. Don't hesitate to use those pruners on any bullies that seem to be taking over less vigorous plants. When in doubt, rip it out.

DO: Water deeply
Water like you really mean it - with a deep soak so that the water penetrates the soil without running off or evaporating in the summer heat. Watering deeply will also encourage deeper root growth, which helps plants (especially shrubs and trees) stay healthier and more drought-tolerant in the long run. Water in the root-zone with a high falutin' garden nozzle, a soaker hose, or nothing more than a hose and a full stream of water.
DON’T: 'Scalp' your lawn
If you plan on turning your summer lawn into a practical putting green and you mow your lawn close, you'll be sorely disappointed by the results. (Unless you're willing to settle for a putting brown, that is.) Short cuts mean less drought-tolerance, patchier growth, more weeds and shallow roots. When in doubt, cut high.
DO: Fertilize warm-season grasses
Give your lawn a pick-me-up to cope with the summer heat. Your local garden center should have a good selection of fertilizers to suit your region and/or lawn type. Fertilize according to label instructions, using a broadcast, handheld or drop spreader for even coverage. Generally speaking, don't feed on a hot day with temps above 90 degrees.
DON’T: Water in the afternoon
It's a myth that sunlight will become magnified by water droplets and burn the plants, but watering in the hottest part of the day is still pretty useless because many plants will go semi-dormant, and water quickly evaporate in summer. Water in the early morning so that the plants' roots have a chance to absorb moisture.
DON’T: Let weeds go to seed
Procrastinate all you want, but pull those weeds before they have a chance to bloom and go to seed, spreading their progeny all over your garden to proliferate and give you headaches. Don't settle for hand-pulling everything either: use a hoe or cultivator for new weeds in loose soil, or a heavy-duty weeding tool like a hori-hori knife, hook or mattock for tough, established weeds.
DO: Plant tropical bulbs
Much of your garden will slow down in the heat of summer, but tropical bulbs such as caladiums, elephant ears, cannas and gingers will only grow faster. Create a lush and jungly understory beneath shady trees by planting en masse, or use sparely for architectural interest in container combos and flowerbeds.
Related:
- 5 Tools Every Gardener Should Splurge On
- 9 Tips for Preparing a Fabulous Flower Bed
- My Favorite Tips for Drought-Tolerant Landscaping
Originally published June 16, 2016.
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Thursday, April 26, 2018
8 Ways to Incorporate Your Passions Into Your Home Decor
Your home reflects who you are, and you're way more than a selection of tasteful paint and furniture. Why not celebrate your passions by incorporating them into your decorating? When your talents, skills, and hobbies are on display as a natural part of your decor, you feel more inspired and more at home.
You don't have to re-make your life to incorporate your passions into your home decorating. In many cases, just a small change of storage or placement will make all the difference - and you may even save money because you're using items you already own.
If something makes you happy, bring it out and let it shine.
Store your tools in arm's reach
Many creative hobbies come with beautiful tools. Don't hide your paintbrushes or yarn - show them off with pride of place!
Make sure to put tools you use frequently in accessible places where you can grab them. Nothing's worse than being inspired to create and having to wrestle a guitar off the wall or extract a crochet hook from the back of a cabinet. A good rule is to keep anything you use once a week or more within easy reaching distance.
Display seasonal equipment year-round
Just because you can only ski a few months out of the year doesn't mean you forget about hitting the slopes. Keep your seasonal passions alive by keeping them in sight, but out of the way.
Mount skis or fishing poles over a door in the off season. If you have space above kitchen cabinets, that's a great place for the gorgeous fondue set you only use in winter. You could even ceiling-mount a canoe paddle - or the whole canoe if there's room. The good thing about most seasonal equipment is that you use it outside, so you don't have to worry too much about interim storage.

Put your talents to work
Give your creative passions room to shine in everyday life. If you're great at calligraphy, try writing a stylish meal planning list for your week, or a framed school checklist by the front door.
Woodworkers can make anything from cutting boards to furniture. If you embroider, make your own cushion covers and embellished hand towels. Potters, once you fill your mug cupboard, branch out into making planters and wall hooks.
For almost any art or craft, there's a practical application, so make it a fun challenge to find yours.
Bring the mass-appeal objects into the conversation
When you have an interest in common with someone, the conversation just flows. That's why it's great to have some pop-culture touchpoints in your living space. Items like framed vinyl albums give your guests an easy way to learn about your interests and start talking.
Not everyone is going to be able to engage about your 19th-century Japanese chisel, but almost everyone who sees your framed program will remember the first time they heard about "Hamilton.”
For a living room where you entertain friends, or a home office where you have clients, these objects can help create connections.
Let your collection tell a story
When you're a collector, every piece has a story. As a whole, the items in a collection tell a narrative of their own history and how they came into your life.
Keep collections in a place of honor where the whole story can come together. Cabinets and display shelves are great for 3D objects like glassware, figurines, and curios, and albums are perfect for stamps, old photos, and ephemera.

Active items inspire action
If you need a little motivation to practice your passion, let your decor help inspire action. Match each inspiring object with the place you're most likely to need a boost.
If you aren't feeling your usual gourmet self, display your antique bakeware in your kitchen. To help with writer's block, display your diploma, your first pitch acceptance letter, or special first editions of your favorite books over your desk. Hang athletic medals and photos of you at the finish line over the shoe bin near your entryway to encourage you to go for a run.
Match the vibe of the room
In general, keep the purpose of the room in mind when deciding where to display your prized possessions. Don't just go by where you have available wall space; take time to find the right fit.
A shelf of antique clown toys can look great in an office or playroom, but might not feel restful in your bedroom. And your championship soccer cleats or a signed football may be perfect inspiration in your workout room, but they're less than appetizing hanging in the dining room.

Mellow treasures set the mood
Some of your possessions are just for you, and spark special memories and feelings when you see or touch them. If you have an object that brings your comfort, place it according to how it makes you feel. Does that beach rock make you feel calm? Keep it by your bedside.
If your grandpa's old pipe reminds you of how he taught you to read, keep in in a display case on a bookshelf or by your desk.
These are just a few of the ways you can bring your passions into your home decorating. Hopefully these ideas inspire you to bring your most important possessions into your decor, so you can keep those passions alive in your daily life.
Related:
- 7 Ideas for Personalized Home Accents That Are All About You
- Quiz: What Style Is Your Dream Bedroom?
- Get Hygge: Cozy Up to Scandinavian Simplicity
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Friday, April 20, 2018
Everything You Need To Know About Cooling Your Home
Summer may be lazy and hazy, but in many areas of the country, it's also a time of sweating and sweltering in scorching temperatures. To cope, homeowners employ a variety of methods to ensure a steady supply of cool, fresh air.
These cooling solutions include a wide variety of fans and in-home ventilation systems, as well as some tried-and-true techniques from the days before air conditioning. Here’s how to keep your whole home cool this season.
The advent of air conditioners
By far the most common form of cooling in the U.S. is air conditioning, which can be found in more than three-quarters of all homes. Keeping the house comfortable this way, however, can be a costly investment in terms of both equipment and energy use - according to the U.S. Department of Energy, air conditioners use about 6 percent of all the electricity produced in the U.S., at an annual cost of about $29 billion to homeowners.
So, it makes good sense to carefully evaluate your home's cooling options to select the right system to meet your needs.
Tips to stay comfortable, spend less
No matter what unit or system you choose, adjusting your thermostat will make the biggest difference on your electric bill. Start by setting the temperature as high as you can while still comfortable, keeping the difference between indoor and outdoor temperatures as small as possible.
Use the energy-saver mode on window units, and use programmable thermostats for multiroom or whole-house systems so your machines don't do extra work to cool the place when nobody is home.
When you're ready to cool down, don't drop immediately to a cold temperature - starting that low won't speed up the cooling process, but it will make your machine work harder and expend more energy.
If you want to offer your machine - and your energy bills - a little relief, proper ventilation in your home can certainly aid your cool-down efforts. Ventilation improves indoor air quality, removes moisture and odors, and exchanges stuffy indoor air for fresh, cool outside breezes.
Start boosting your home's natural ventilation by opening doors and windows, especially in the evenings. Encourage airflow by installing ceiling fans, window fans and attic exhaust fans to push hot air outside and draw cooler air into your home.
In the summer months, run ceiling fans in a counterclockwise direction, drawing cooler air up from the floor. A whole-house attic exhaust fan will pull hot air into the attic, where attic vents can dissipate the heat. Even positioning a few portable fans near windows or a basement door at night can draw the cooler air from these areas into the home.
Regular maintenance for maximum cool down
Maximize the efficiency of your cooling efforts by performing proper maintenance.
- Seal the deal. Make sure you have adequate insulation in the walls and ceilings to keep hot air out and cool air in. Caulk leaking windows and doors, and use draft "snakes" to cover the gaps at the bottom of these entry points. Adding aluminum blinds, insulated curtains or window tint film can block even more sunlight from heating things up during the day.
- Change your filter. This quick and easy chore reduces the burden on your air conditioner, improves indoor air quality, and helps you - and your air conditioner - breathe easier. Check the filter once a month, and clear out any dust particles that might clog the system and force it to work harder and waste energy.
- Clean the coils. An air conditioner's coils and fins on the outside of the unit should be kept unobstructed and cleaned regularly. Use a soft-bristle nylon brush to gently remove any debris, and hose off any leaves or caked-on dirt. Clean the inside coils using the soft brush attachment on your vacuum cleaner, or wipe down with a soft, damp cloth.
- Call in a pro. Even though you can DIY most home-cooling work, it’s still important to regularly call a reputable HVAC contractor. An annual system tune-up can keep your air conditioning system working efficiently.
Related:
- How to Choose an Air Conditioner
- Sheer Genius: Why Hanging Window Treatments Is a Smart Move
- Deck Out Your Patio for Summer
Note: The views and opinions expressed in this article are those of the author and do not necessarily reflect the opinion or position of Zillow.
Originally published August 18, 2016.
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