10 Tips for Selling Your Home
It's
time! You have grown out of your home, simply found another or had a life experience or
job change that necessitates making another move. You remember what
it was like buying your home. The excitement of picking out houses
with your Realtor, driving to each and everyone, dissecting the
neighborhood, the structure, utility and decor of each home until
finally finding the dream home.
Now the shoe is on the other foot. These
10 Tips for Selling Your Home will help you drill down and focus on how to get the job done with the least amount of stress.
Tip #1. Price it Right.
Many folks think that they will price it high and give themselves
negotiating room, or feel that they can always come down, but not go up
on their price. While those two strategies seem to make sense, they
don't take into consideration that the first couple of weeks are when
you will get the most exposure. The more buyers looking at your home means higher demand and more money.
How to price your home
right is pretty simple. Have your Realtor evaluate the market by
doing a comparative study. Go over the study with your
Realtor, discuss the pros and cons of the comparable sales and offerings
and come up with a price based on these
facts. Be honest in the
evaluation of your home. Many times home sellers will
think their home is superior
or inferior to others because they are not
stepping back enabling themselves to look at the comparable properties
realistically. Granted this is not easy to do, but it is
imperative.
Tip#2. Price it Strategically.
Most home buyers these days are searching on line. What does that
mean to you as a home seller? People tend to search in ranges. For
example. From $275,000- $300,000 or from $500,000 to $550,000. Say
you thought the search range that your home would fall in would be
$325,000-$350,000, pricing your home at $355,000 would price you out of
your "strategic" range. Putting you in the bottom of another.
Discuss strategy with your Realtor. Keep in mind these ranges and how
folks will be searching for your home on line.
Tip#3. Attack the "To Do List" prior to Listing.
Service the furnace and have all the mechanicals in good condition.
Kill the drips and replace the lights bulbs that haven't been working
for some time. I know it seems silly, but we all live with things
that need to be changed and never get around to them. Do it before
listing or plan on leaving money on the table.
Tip#4. Stage your property.
Let's face it. These big home builders have a furnished "model home"
for a reason. Since the debut of HGTV, real estate has changed.
Buyers want.. no.. expect more from a home seller. Staged properties
sell faster. Staging your home is a great idea. In fact, you might
consider hiring a Realtor that provides you this service.
Tip#5. Clean properties sell.
When a buyer is looking at a pristine property, there are two things
that happen. 1. They focus on the home not the clutter. 2. They
feel that the mechanicals and structure of the home has been
maintained.
Tip#6. Choose the right Realtor.
(This probably should be Tip #1.) Choosing the right Realtor will
help you with the other tips. Experience counts. The way they
promote your home counts. Being relative. (in relation to trends and
the market counts not family ties) Experience without relativity is
useless.
Tip #7. Remember that it is a Business Transaction. Try your best to keep your emotions in check.
Tip #8. Trust your Realtor.
If you did a good job with tip #6, interviewed and found the right
Realtor, then this tip is the easy one! Your Realtor has a fiduciary
duty to you. She/he will be guiding you in the right direction.
Tip #9. Be Open to Change. Listen to the feedback and make changes if needed.
Tip #10. Expect to be put out. Make
it easy for buyers to view your property. Leave when a showing is
scheduled. This allows the buyers to linger and mentally move
themselves in.
If you want to really know what's happening in your market area, consult your
Call me if you have any questions about the market.
508-494-9061
Put my 26 years of experience to work for you!