Selling Your
Home
Sometimes,
life just hands us the
inevitable: just when everything seems right with your home, something
happens and you have to sell your dwelling. No matter what
your reasons are for selling, remember that now is no time to dawdle,
the process of preparing a home for sale can take a month or more. So,
here's how to start:
1. Take
a Fresh Look at Your Home
Your home
looks great to you, but a buyer
wants to see it since he and his family will be living in it -- so take
a fresh look at your dwelling. Hop in your car, drive around
the block, and then scrutinize your home as a prospective buyer will
see it for the first time. First, consider what's called "street
appeal;" does it need washing or painting? Does the driveway need
repair work? Is the landscaping in good shape? Remember, be very
critical; your buyer will be.
Next, pull
into the driveway and take a
good, hard look. Is the yard neat and trimmed? What about the view from
the front yard? Then, walk inside and size up the interior as though
seeing it for the first time. Take a tour and imagine what your real
estate agent might say about each room, look into cabinets, open doors,
check out the bathroom.
Then, make a
mental note of the things that
might put off potential buyers, along with another list of the things
that first attracted you to the dwelling. Remember, the home's become a
great place for you, but a new buyer will see things that you don't.
2. Clean
Out the Clutter Before
You Start to Sell
Before
putting your home on the market, get
rid of clutter in every area -- closets, attic storage, kitchen
cabinets, drawers, bath vanities, and shelves -- everywhere. Remember,
this is no time to be sentimental: if you don't use it, lose it.
Potential buyers are seriously put off by clutter, and most of us drag
a lot more things through life than we really need.
Also, don't
forget the furniture and
fixtures when getting rid of clutter -- most of us put too much in too
little space, which makes a buying prospect, think your home is too
small.
Then, have a
great moving sale with all the
stuff you've collected and use the proceeds for paint or whatever other
materials you need for repair projects. If you just can't bear to part
with some possessions, store them in the attic or some other place
that's out of sight to a potential buyer.
3. To
Sell, Sell, Sell -- Clean,
Clean, Clean
After you've
cleared out the clutter, it's
time to really clean. Have the carpets professionally cleaned, strip
and polish the floors, scour the bathrooms, go over the laundry room,
polish the furniture, scour out the cabinets, wash the windows and
window coverings, and spiff up the ceiling fans and kitchen appliances.
In short, clean everything.
Don't forget
the exterior; paint or
power-wash everything that needs the work. Remember, this is a
ceiling-to-floor, roof-to-foundation clean-up project.
4. Get
More for Your Home: Repairs
Pay Off
After you've
cleaned the place to within an
inch of its life, the next project is making all the repairs necessary
to attract a buyer.
So, patch up
the roof, touch up all the
paint, repair the screens, spruce up the porch framing, and make your
entry area really shine. Don't forget to water the lawn and landscape
beds, and take the time to trim, mow, edge and get rid of sick or dying
plants. Inside, fix the grout in the bathrooms and on tile floors,
adjust any doors that need it, fix any scratches on the walls, cover
any stains, and be sure to fix any plumbing problems. Remember, do what
your home needs before the first buyer appears at your door.
Also, it's a
good idea to get all this done
before getting the real estate broker to make the first listing -- a
good agent will advise you on what needs to be done. Also, if you have
friends willing to be brutally honest about what your home needs to
sell, invite them to assess the fix-up needs.
There is,
however, an alternative to the
sweat equity you get from a total fix-up --but it carries a price. An
"as-is" sale keeps you from doing all this work, but a buyer will
assess about twice the price you would have paid for the repairs. Then,
the buyer will deduct that amount from your asking price before making
an offer.
5. Putting
Your Home on the
Market: Show It to Sell It
After you
have cleaned, shined, mowed, and
generally whipped your property into shape, it's time to attract a
buyer.
Regardless of
who markets your home, you or
a broker, there are other, small things you must do to attract buyers.
For example, even if it's bright daylight, open the blinds and turn on
the lights. Also, open all the interior doors to make the home appear
roomier. Be sure to remove all your kids and pets -- they're cute, but
a prospect wants to see your home, not your pride and joy. In addition,
make sure your pet's litter pan is clean so the home smells clean and
fresh, not like air freshener. Remember, you need to make sure your
home is available to be seen by a prospective buyer with as little
notice as possible. That means less than an hour, or even five minutes,
if possible.
6. Get
a Sense of the Market
Before you
put your home on the market, take
a weekend day to check out the competition: homes with similar prices
and in similar neighborhoods. Remember, you don't have to go out and
buy new furniture just to look like that beautiful new model in the new
development -- what you want is the feel of that new model -- clean,
uncluttered, and fresh.
Remember,
after location, the most important
item to a buyer is a well maintained home. Many flaws can be overlooked
if the buyer knows he can move in without a lot of trouble and expense.
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