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BrickDriven Realty Blog

Wednesday, June 19, 2024   /   by Shane Kilby

How Should You Respond to a Low Offer on Your Home?

A few steps you can take to negotiate a great deal with lowball offers.

If you’re planning on selling your home this spring, you need to be prepared to receive a lowball offer. Housing market activity has slowed since interest rates stagnated around 7%, but prices are still high in most markets due to low inventory. This has created a situation where a lot of homebuyers have warped expectations of what a “good” first offer on your home should look like, and you need to know how to respond. I know a low offer can be insulting, but you need to think strategically when selling your biggest asset. Today, I’ll go over how you should strategically react to a low offer to ultimately get the deal you wanted all along.
1. Check the comps one more time. Before you deal with your lowball offer, double-check that it’s actually as low as you think it is. The housing market changes at a rapid pace, so make sure your home is still worth what you thought it was. ! ...

Tuesday, June 4, 2024   /   by Shane Kilby

Do You Still Need To Pay Buyer’s Agents’ Commissions?

Discussing the key benefits of offering competitive buyer agent rates.

In case you don’t know, the real estate world was flipped on its head recently. A lawsuit against the National Association of Realtors is challenging how buyer agents get paid, and it’s left a lot of people confused. Here’s the short version: A court recently ruled that the current structure of buyer’s agents’ commissions was illegal and needed to change. In the past, the seller would pay full commission to their agent, and the seller’s agent would then split that commission with the buyer’s agent. In this way, the buyer wouldn’t actually need to put any money down for their representation. Now, the buyer commissions are negotiated separately from the seller side.
So, do you still need to pay the buyer’s agent’s commissions when selling your home? If you want the best representation possible, yes, and there are a few key reasons why:
1. Setting a! ...

Tuesday, May 28, 2024   /   by Shane Kilby

Which Remodels Offer the Best Return When Selling a Home?

How do I get the most bang for my buck when it comes to home improvements? Spring is a time when flowers bloom and home sales peak, but it’s also a time when we can shake the dust off of our home improvement projects. It’s a time when you’ll find homeowners out renovating their gardens and inside painting their walls to refresh their homes for the new season. But, for those who are interested in selling this spring, what kind of home improvement projects will net them the biggest return on their investment? It's a crucial consideration, as not all improvements will significantly enhance your home's value. Today, I'll go over what projects to avoid, what repairs to make, and how to select a good contractor to do the work.

1. Avoid these upgrades. While upgrading is a great way to build on your home’s existing value, there are plenty of upgrades that aren’t worth your time or trouble. Upgrading your kitchen to top-of-the-line or professional grade, or mak! ...

Tuesday, May 21, 2024   /   by Shane Kilby

Do You Still Need To Pay Buyer’s Agents’ Commissions?

In case you don’t know, the real estate world was flipped on its head recently. A lawsuit against the National Association of Realtors is challenging how buyer agents get paid, and it’s left a lot of people confused. Here’s the short version: A court recently ruled that the current structure of buyer’s agents’ commissions was illegal and needed to change. In the past, the seller would pay full commission to their agent, and the seller’s agent would then split that commission with the buyer’s agent. In this way, the buyer wouldn’t actually need to put any money down for their representation. Now, the buyer commissions are negotiated separately from the seller side. 

So, do you still need to pay the buyer’s agent’s commissions when selling your home? If you want the best representation possible, yes, and there are a few key reasons why: 

1. Setting a rate upfront avoids negotiations. Since buyer commissions are ...

Thursday, April 18, 2024   /   by Shane Kilby

3 Things Sellers Must Disclose To Potential Buyers

Three important things to disclose before your home is sold.

When making an offer on a house, a property disclosure is one of the first things buyers get from the seller. This is also referred to as a real estate disclosure form or a home disclosure. The specifics vary by state, but most states require some type of seller disclosure. The goal is to add transparency to the transaction. In this disclosure, a seller provides written information about known things that could impact the property's value. While there are many different things a seller must disclose, I’m going to highlight three of the most forgotten (and impactful) items:
1. HOA information. If the home is located within a homeowners association, you should disclose that fact. Associations generally impose monthly fees on homeowners, and they can impose rules on their membership that a prospective buyer might or might not find acceptable. You also need to know about the HOA's financial health and provide this . ...
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Florence, AL 35634
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