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To sell your home for the highest price, you need to find the
right buyer--not just a buyer, but the right buyer to whom your home is special
and just right for their family. That Buyer will be willing to put
together the best transaction with you. In order to find the right buyer,
you'll need more than just a sign and a few ads. You'll need a marketing
strategy for netting the most dollars. Buying and selling real property
can be a very complicated process in today's litigious society.
We've prepared this extensive section of our web site to help
you find the right buyer. Click on the links below to learn more about the
process. Feel free to
e-mail
or call us with questions.
Should I List?
A listing agreement is a contract whereby you
retain the brokerage firm (Courtyard Realty) to represent you. The
marketing fee buys you guidance throughout the transaction, a professional
marketing system, negotiating skill and access to 75-80% of the buyer
pool. Maxim exposure = maxim price. It's economics 101- you cannot
be sure that you are getting the best price for your product if only one or two
people know about it.
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Selecting
an Agent
Ask around about the reputation in the community
of brokerage firms and individual agents.
Ask about experience, marketing strategies, client referrals. Don't choose
your agent based on who will tell you the highest price. Big mistake...
BIG!
Pricing
Your Home
If you're going to get top dollar for your home,
it's important to understand how your home is valued by potential buyers.
Market Value is unrelated to what you have
spent on your home. Market value is determined primarily by how your home
compares in features and benefits to similar properties which have sold and are
being offered.
While you lived in your home, you probably spent
money improving and maintaining your home. It's important to realize that
buyers look at improvements and maintenance differently.
Improvements add to the value of the
property; maintenance items preserve the value and add to the
marketability. Often people fail to realize that maintenance is part of
home ownership, and while those items do not add to the value of the property,
they do maintain the value. For instance, installing new shingles or a new
furnace will not add to the market value of the home; a buyer will expect the
property to have a safe heating system and weather-tight roof. They are
part of the cost of maintenance. You should either repair those items or
discount your asking price from normal market value which would include
same. Other maintenance items include how water heaters, paint, good
flooring, and components that wear out from normal use. On the other hand,
improvements could include a kitchen update with new countertops, cabinets and
appliances, a bath renovation, adding a main floor laundry, adding a garage stall,
new landscaping, etc.
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Selling FAQ's
I'm thinking about selling my home, what do I
need to do first?
One of the first and most critical steps we do
with our clients is to go through the home looking at it as a buyer would.
Keep in mind, there is a difference in how you live in your home and how it
should look when it's being offered for sale. Going through this process
helps us anticipate many of the negotiating resistance points that will probably
be encountered in working with a buyer. If you can eliminate them up
front, the home will simply command a better offer.
Such as?
We find today's buyers are busy, sophisticated people. They often
don't have the time--or perhaps the cash-- to immediately do a lot of
remodeling. So they are demanding clean, clutter-free and well-maintained
homes.
In other words, they want a home to be in
move-in condition?
Basically. Today's buyers shop at malls and are accustomed to very
sophisticated and appealing retail merchandising. They, perhaps
unconsciously, expect the homes they look at to also be well merchandised.
It's important to do that before you go on the market.
What is the difference between
merchandising and marketing?
Marketing includes all of the advertising and promotional tools that
your Agent will use to attract prospective buyers to your home.
Merchandising refers to the preliminary work you do to get your home prepared
for marketing.
What are some of the things that are wise
to do in a home?
Obviously, the first is for it to be clean and in good repair.
Second, keep it up-to-date. Shag carpet was hot in the 70's--it's a real
turn-off today. In the 80's we were big on earth tones--rusts, avocado,
and brown tell a buyer nothing has been done since then. Neutral carpet
and updated hard surface flooring is wise. And kitchens and baths need to
sparkle and, if possible, be current. Cabinets may be older, but are
really helped by updated countertops and colors.
Off-white paint is always an excellent and
inexpensive investment. A neutral decor is an easier sale. While you
may love your forest green walls, most buyers will have difficulty mentally
moving in to strong, personalized decor. so they either dismiss the home
or mentally run a meter on how much money they are going to have to spend
redecorating and deduct that, plus extra, from the price. Neutral is
simply best when selling.
Maximizing your curb appeal and your entry area
is critical for good first impressions. A fresh cut lawn and flowers in
the entry are a good start in making a good first impression.
Don't some buyers prefer to redo a home
themselves?
Certainly. And they will. But if the home is badly out of
date or in poor condition, event hose buyers will deeply discount the
price. The days when a seller could just slap a worn-out home on the
market thinking that a buyer could see the "Potential" are long
gone. buyers just aren't very tolerant of that any more. They
generally have the belief that if the items in a home that are readily visible
are dated or in poor repair, what they can't see must be in the same
condition--and often those items-- plumbing, electrical, roof--are expensive
surprises. As a result, buyers just generally shy away from homes that are
in poor condition.
What are some things a homeowner might do
that probably wouldn't be smart?
There are several. It depends on the area and price range.
But generally, expensive additions will not pay for themselves. One of the
biggest mistakes people make is to over-improve for the area. You should
keep your home within 15-20% of the other homes in the area. If the cost
of your remodel will put you over that range, you should seriously consider a
move to a neighborhood that is more in line with what you are trying to
accomplish. This protects your investment. It's an awful, uncomfortable
thing to tell a homeowner that we cannot get his money back out of his home
because of a poor decision on a remodel.
If you do remodel, you should style your remodel
for mass appeal. Again, neutral, mainstream colors are best. Keep
your remodel design compatible with the architecture of the home. Nothing
looks weirder than a house with and addition tacked on that simply doesn't fit.
Obviously, there are a lot of things a homeowner
needs to consider! There is. And the best time to do it is before we
hit the market. We're happy to consult with you about merchandising your
home to sell--or about whether you should remodel or sell.
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Merchandising
Your Home
You must prepare a home differently for marketing
than for daily living. To go on the market, you must look at your home as
if you were a buyer. First impressions count. A small investment in
time and money will give your home an edge over other listings when buyers view
it.
Get Ready to Repair and Clean!
Remove
clutter. |
Oil or
adjust doors. |
Replace
burned out bulbs. |
Clean and
repair windows. |
Touch up
marred paint. |
Repair
leaking faucets. |
Shampoo
carpets. |
Clean
thoroughly (get rid of odors). |
Kitchens and
baths must sparkle (remove stains from tubs and toilets; repair grout in
showers.) |
Clear the
countertops. |
Thin out
closets. |
Thin out
storage areas. |
Organize
cabinets and drawers. |
Clear
stairways and halls. |
Store excess
furniture. |
Clear
countertops. |
Your
personal decorating may be comforting to you, but you want buyers to be
able to visualize their own belongings in the home and not to be
distracted by looking at all of your "stuff". This can
be difficult to do, because we all take pride in our personal
"look". Don't be offended by a suggestion to neutralize
colors or strong decorating statements. |
Make a Good First Impression!
Cut,
fertilize and manicure lawns. |
Trim shrubs. |
Remove
clutter and trash. |
Clear walks
and drives. |
Repair and
clean gutters. |
Touch up
exterior paint. |
Clean and
polish the entry area. |
Repaint or
re-stain front door. |
Welcome
wreath or flower pots. |
New door
mat. |
Clear and
attractive inside entry. |
Clean drapes
and carpets. |
Polish all
woodwork. |
Remove
over-scale furniture. |
When a Realtor calls to show your home, set the
stage. Harmonize FM radio or stereo on softly; make sure that the TV is
off. Turn up the shelter. If it's hot out, cool you home; if it's
cold, light a fire. A home that smells good says
"Welcome!" Clean smells are the best. A drop of vanilla in
a warm oven, fresh bread, or cookies work wonders. On the other hand,
acrid smoke from fireplaces or cigarettes and pet odors are particularly
offensive to most people.
If you have pets, it is preferable if you can
remove them or put them in a kennel.
Finally, let the Realtor do the
showing and talking. It's best if you are gone so buyers don't feel they
are intruding.
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Don't
Forget!
Send
Address Change To:
Post Office |
Subscriptions |
Creditors |
Friends and
family |
Investment
accounts and pension plans |
Doctors and
emergency numbers |
Employer |
File a Forward with the Post Office and renew as
needed until all important addresses have been changed.
You'll Also Need To Notify:
Utility
companies |
Vehicle
registration |
Schools |
Banks |
Insurance |
Clubs |
Service
agencies (laundry, lawn, paper, etc.) |
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