Olena Keene

continued...

Tip #3 - Make an Impression on the Seller

Be more than just Buyer #2. Meet the seller and make sure they know what you love about the house. They usually love their house as well and want to sell to someone who'll love it just as much. If you can't meet then writing short personal letter about your family and how much you love the house to be included with your offer can be helpful.

Have the seller know who you are. Even if your bid is slightly lower, a seller may sell you the property just because they like you.

Tip #4 - Remove Conditions

The fewer conditions you have on your contract, the better. Call up your loan officer and make sure you can get approved for the loan and remove the financing clause. The cleaner your contract, the more appealing it will be for the seller.

These four tips will help you bid on a property in the Memphis TN real estate market without losing your shirt. Keep them in mind if you find yourself in a multiple offer situation.

There is a lot of free information available to you about buying, selling or investing in Memphis TN real estate. For complete information about the Memphis TN real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Memphis TN real estate at http://www.OlenaKeene.com . So please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at (901) 277-5324 or email me at Olena@OlenaKeene.com .

Although multiple offer situations are almost non existent in most markets, here in Memphis we do occasionally see a property, usually an REO, that is priced well below the current market that attracts several buyers at once. One of the worst things that can happen during the home buying process is to finally find your dream home, only to discover that someone else is already bidding on it. When this happens, how can you win your dream house without losing your shirt in the process? In this article, weíll cover some of the more important points to winning a multiple offer property in Memphis TN real estate market.

Tip #1 - Know Your Limit

It's tempting to increase your bid based on emotions during a bid war. Buyers are often willing to pay more out of competitiveness, feeling that something they want is being taken away, or just plain rationalization.

This trap can cost you thousands of dollars. Instead, do your comparative analysis of the properties nearby, choose the highest number you're willing to pay for this property and stick to it.

Tip #2 - Have a Real Estate Agent That is Looking Out for You

Remember that real estate agents are paid based on the selling price. There are agents that will look out for you and have your best interest in mind, while other agents would rather increase their commissions by convincing you to place a higher bid.

It's important to have a real estate agent you can really trust during the process.

This information has been brought to you by Olena Keene, First National Realty tel. (901) 277-5324

http://www.OlenaKeene.com

Looking for a great deal on a FOUR bedroom home in Germantown TN?

Well, this might be it!!!

List price $175,000

4 bedrooms * 2 Baths

Germantown, TN

Attached garage, formal living room, den and formal dining room.

Bid deadline is February 11th, so please hurry! You can call Olena Keene at (901) 277-5324 or email Olena@OlenaKeene.com to see it!

Factor #3. Furnishing

It is very common for agents to show an empty house. While this does create a clean and open look, the reality is that most people don't have a very strong ability to imagine what a house will look like with furnishing.

It's important to have good clean and functional furnishing in the house when you are staging it so that the buyer can really get a feel for what the house will feel like when it is furnished. Pick just a few key pieces to help the buyer do that. Define a room and give it a purpose.

There is a lot of free information available to you about buying, selling or investing in the Memphis area real estate. For complete information about the Memphis TN real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Memphis TN real estate at http://www.OlenaKeene.com . Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at (901) 277-5324 or email me at Olena@OlenaKeene.com .

Staging a home is a detailed and intricate process. You are going through the process of making your home as nice as possible to get the highest price possible. When it comes to staging, there are many things most real estate agents do right. However, based on my years of experience in the Memphis TN market, Isome important factors can often be left out:

Factor #1. Scent

Scent plays a big part in staging a home. Remember that a home purchase is an emotional decision. The sense of smell plays a big part in influencing one's emotions.

Having any odors, stale air, muskiness or strange smells will kill your chances of making the sale. It's absolutely critical that your house smell at least neutral, if not good.

There are many ways to change the scent of your house. You could burn incense an hour before showing the house. You could install some air fresheners. You could even use essential oils that are used in aromatherapy to truly create a luxurious feel.

Factor #2. Lighting

Lighting is another very important factor that many agents overlook. The lighting in the house literally colors everything else. A house that appears bright will feel vibrant, happy and alive to the buyer. A house that's dim will feel gloomy, dark and dead.

Natural lighting is the optimal source of lighting. If you can't get natural lighting to work or to be well lit enough, then get some artistic indoor lighting. Avoid hard lights and fluorescent lights.

For more information on greater Memphis TN area rea estate, including homes for sale, lease or selling your home please visit http:///www.OlenaKeene.com