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Is the cost of a real estate agent’s commission worth it? (read more)

 

85% of home buyers use a real estate agent; 75% of home buyers use the internet to search for homes. After finding a home of interest, they typically drive by to check out the neighborhood. The average home buyer searches for eight weeks before purchasing a home.

 

 

 

 

Making the Move from Home Owner to Home Seller listen to the article

“ Yes ma’am, the kitchen appliances work. The dishwasher buzzes. Just kick it to make it stop.”
“I think the bright blue living room is charming, don’t you? I like the orange bathroom downstairs. Wait ‘till you see it.”
“ Yes, the carpets are stained, but the homeowners have learned to live with it.”
“This is a great house, don’t you think?”

The above conversation, while fictional, describes my own home and a few of the things that, okay, need a little work. The truth is, many people have worked hard to personalize their home over the years. My bright blue living room invigorates me, but my sister prefers khaki. A little investment in neutral paint can mean a higher offer. Sellers have to unhook emotional attachments to their home, or be prepared to wait until a buyer exactly like them comes along.

Many homeowners have learned to live with the little things that are wrong with the house. I think, “I’ll get to that one of these days.” These things don’t bother me enough to take action, but is a buyer willing to “live with it?” Making repairs around the home can make the difference between a house that “needs work” and that “perfect” house a buyer is seeking. To a buyer, the need for repairs tells them that the home hasn’t been maintained, or worse…that the seller will take a lower price.

What about the cleanliness and aroma of your home? On the day after cleaning day, our house does not smell like a zoo. On any other day, I can’t promise anything. The dogs have painted the back door with mud, and the dust…well, who dusts anymore? The kids have strewn their belongings everywhere. A thorough cleaning costs little more than elbow grease.

So what’s a seller to do? Have one day for when you enjoy your home as-is. Take photos of the rooms so that you can remember the home when it was “yours.” Have a wild party or a quiet time to share memories. Now, “snap!” Break that emotional attachment because you’ve got work to do if you want the most cash!

Your next step is to call your real estate agent and have them evaluate your home. The things they have to say may please you, or they may sting… “What? You want me to paint my orange bathroom?” Here comes that emotion again. Remember that the agent is on your side and is trying to get you the best price for your home. As a real estate professional, the agent has seen a lot of homes in the area and they know what buyers want. They also know what else is on the market, so they should be aware of your competition and how your house stacks up against it.

Next, decide what has to be done and what should be done. A good place to start is by packing up clutter. Get stuff off the kitchen countertops, organize the garage, clean up the yard, and put away knick-knacks. Schedule the necessary repairs. You should also remove anything that will not be sold with the home. This keeps them from becoming a bargaining tool with the buyers. Your property is now “refreshed” and ready to sell at top dollar.

If I ever sell my home, I will fix the dishwasher, tone down the blue paint, pack up the kids’ toys, and have the carpets cleaned. After all, I want the most money I can get for this gem of a home. I may never, however, paint the orange bathroom.

Claudia Stallings
Coldwell Banker Wallace & Wallace

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Past Articles

There Goes the Perfect House

Investing in the School House

Should You Stay or Should You Go?

Does Age Really Matter?

I’ll Take That One

Goodbye Good, Cold Friend

The Perils of Overpricing

Making the Move from Home Owner to Home Seller

Targeting the Right Buyer

Before You Put the Sign in the Yard

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