REAL ESTATE TIPS
Let the buyer see the potential.
If staged properly, rooms will appear larger and more spacious than if empty.
Staging lets the buyer see the whole picture instead of the unimportant details.
Staging aids in addressing the target buyer.
Staging also can mean cleaning, decluttering, and rearranging furniture.
All the above can bring more money to the sale price.
Please see the attached photos of the staged house I recently sold for $70,000 over list price.
COMPING AND PRICING
First and foremost, I need to help you see your home in the eyes of the buyer and the buyer’s agent.
Before determining the list price, we should attend Broker open houses to comp your home. Pictures don’t tell the whole truth.
Once the house is listed, the goal should be to get offers after the first public open house or worst case scenario, the second. If there are none or none coming up, it is time to consider either staging, looking more carefully at the weaknesses which might be holding it back or reducing the price. Once the house activity is stagnant, it is very difficult to get offers.
You want your house to be active in a bidding war, which means it should be listed a little under the comps.
When preparing and updating your home for sale, it is important I help you determine how to get return on your investment.
It is important to make your house as available as possible for viewing, as agents need to accommodate their buyers. Remember, if the house is going to move quickly, this will only inconvenience you for a short period of time.
Please see the attached You Tube video of listing recently sold. This a great tool for promotion especially to the younger buyers.
Get loan pre approval from a reputable mortgage broker or other lender before seriously looking for a home. Looking in the wrong price range can prove to be frustrating and non-productive. Pre-approval only takes 1-2 days.
As an agent who does her due diligence to the client, I am not comfortable in representing both the buyer and the seller of the same home. It is very difficult to be non prejudicial trying to represent both buyer and seller fairly.
If possible, I will try to determine the age and condition of the most expensive repairs in the home: roof, electric, plumbing, foundation before an offer is made, so the buyer can better understand the investment he or she might have to put into the house immediately. Of course, this will all be discovered in an inspection as well.
Ask yourself if you will need more space in your home before you will likely build equity. If so, can you build out or up to create that space? Will you need permits to do so, and what will that mean financially?
HOW TO VIEW A HOUSE
Do you like the “flow”? Walk through the house a few times in different directions.
Turn off all the lights in the house during daylight (the agent will most likely have them on). Is there good natural light in the rooms?
Open windows in the rooms which will need quiet. Stand or sit and listen.
Sit anywhere you can in the room, and see if you feel at ease and are comfortable in your surroundings.
Decide what you would need to improve immediately in the house and what could wait. This will help you determine the expenses at move in.
4146 Aralia Rd. V1