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Monday, March 10, 2014

One of the worst things a Seller can do


One of the Worst things a Seller can do when listing their house is price it too high.

 

Why? Because it may sit on the MLS (Multiple Listing Service) for a longer time, and be subject to price reduction upon price reduction.  And after setting on the MLS, the buyer will then think that there is something wrong with the house.  The longer it sits, the worst they think it might be, and the first thing on their mind is to offer a really low offer.

 

When Listing a house the agent will do ‘comps’ of the houses that have sold in the area, with the same square footage and room count, to give a good idea what is selling.  Yard size and upgrades are a plus, but not always relevant enough to raise the price thousands of dollars.

 

The longer there is a “For Sale” sign in your front yard, the more your anxiety levels rise, the more the buyers wonder what is the matter with the house, and in the end unless the price is lowered to that of what is selling around your house, it will continue to sit.

 

The listing agent should take the comps of the area and along with the time frame that they have sold in, the time frame the seller wants to sell in, and come up with a price that will move the house –usually within 30-60 days.

Sunday, March 9, 2014

Staging can help sell a home



 What can you do???

A home seller has about 15 seconds to make a good impression to a potential buyer.

 

Staging or styling is about the smartest move a seller can make. Styling is a little different than staging and involves minor remodeling, unlike common staging -- moving personal items to storage and adding neutral touches,
Decorating would be where the goal is to put your personality into your home.

 

This can be done by re-purposing  some of the things you already have,  Maybe the lamps you have in the living room would give the bedroom a new look without putting too much of any style into it.  Putting a rug in the room in front of the fireplace,  with a couple of throw pillows. Move a mirror to a different room.  New towels in the bathroom, with a fake plant.

 

Removing dated wallpaper, and spiffing up the floors,  clean the carpets, or refinish the floors.   Paint the brightly colored walls to a neutral color--- something that you love dearly may be the reason the buyer walks away.  Clear out personal stuff, buyers can't see themselves in YOUR house-- give them opportunity to see themselves living there. 
You may have a beautifully decorated home, but it's your identity.... keep it simple

 

Replace or paint bathroom vanities, Bathrooms need to look updated and clean.  If you can’t replace that pink bathtub,you might see about having it professionally painted or use it as an accent.
Kitchens are another important room to make sure  looks inviting,   Clear off the counter tops- make sure pantries are neat  and  everything smells wonderful.

 

This is becoming a market where the buyer has many choices, The better yours stands out the easier their choice will be.  Set a budget and be creative with it....