The Ins And Outs of Buying and Selling
07th March 2008
Author: Damon Chavez
While buying and selling real estate can be exciting, it is also very challenging, and can be stressful at times. Because of the conflict created by both the buyer and seller and trying to get the most out of a real estate deal, negotiations can drag on and closings can be delayed. But a win/win situation is possible.
Open communication is best, although it isn't always the way it happens. A seller wants the buyer to see the best aspects of a home and to overlook its flaws. A buyer wants to get the most for their money, and has their eye acutely trained to pick out flaws, and bring them up during negotiations to reduce the sales cost. But buyer beware. Dragging on negotiations can result in a lost deal, when the seller accepts a hassle-free offer. Some sellers are willing to sell for less if there are no strings attached.
On the other hand, sometimes asking that a few conditions be met before a sale can make the transaction more profitable for both parties. It depends on the resources you have at hand. If a buyer makes a certain repair or improvement a condition of the sale, the seller has a choice. It might be easy for them to make that repair, and so it earns them a sale at a good price just to get that repair out of the way. If the repair is time or money consuming, then offering the home as-is might be a better option. This might mean getting a lower offer for the sale, or even losing that offer, but another offer will come along eventually. If the buyer really wants the property, they will buy it as is and deal with the repair themselves. It all depends on the priorities of both parties.
Sometimes a real estate deal will appear to be going smoothly, and then a spouse's concerns will enter the picture. This is why it is always best to communicate with both spouses at the same time. Sometimes, mostly with buyers, a couple will play the good cop/bad cop routine. This means that one will say they love the place, get the seller feeling that a sale is immanent, and then their spouse will come in with a bunch of concerns that either create conditions or whittle the price down. I recommend that couples be honest from the start, and not try to use this routine to their advantage. As a seller, make sure you get approval, in writing, from both members of a couple before any of the legal proceedings go ahead. The last thing you want to do is meet a condition only to find a new condition waiting in the wings.
Sometimes a seller will stall, refusing to make a decision on an offer. This can be avoided by setting time limits on every part of the negotiation. If a seller is stalling, don't be afraid to withdraw an offer. You may not have to, as threatening to do so may be enough to light a fire under the seller. However, if it's your dream home and you are willing to wait for anything, don't make threats you won't keep. If a seller thinks you aren't serious they may take another offer instead.
These are all reasons why working with a real estate agent can help the process. Agents are familiar with every type of bargaining tactic, and the legalities involved in a real estate sale. They understand the importance of involving both spouses in all aspects of sale negotiations, and will do their best to prevent annoying delays. A successful real estate sale is when both parties gain something. For this, both parties must also sacrifice something, but done right, it's possible for everyone to come out of a real estate sale happy and satisfied.
Tips for a Quick Home Sale
Tips For a Quick Home Sale
29th February 2008
Author: articles@webuyandsellhouses.com
For a quick sale, you need to make your home look better than the competition. When I look through pictures of real estate online, I see so many pictures of messy rooms. People haven't taken the time to even tidy up a little before they or their agent take the photos that will be any buyers first impression. So often in these photos, the tv's are on and there are cans of pop on the coffee table. This looks so ugly! So I think the easiest way to make your home look better than most is to simply clean it up.
First off, tidy the surfaces. Clearing away dishes and your daily clutter is the bare minimum you can do to at least let a buyer see the house that sits underneath it all. Then make the beds. If you want to do more, and really you should, take a hard look around. Are your surfaces covered in decorations? If so, are these here because they enhance the room, or because they have sentimental value? If the answer is the latter, get rid of it, at least for the time being. Start packing, even if you don't know where you are going to move. You will be glad you did for at least a couple of reasons. First, potential buyers won't be distracted by your clutter, and second, you'll be that much further along when it does come time to move.
Look around the home again. Is it crowded? If you have more furniture than you absolutely need, or than fits comfortably in the room, consider packing it up also. The same goes for projects you've been working on. If you aren't actively working on them, put them away until after the move. Renting storage space is a good idea once a critical eye shows you just how much you can remove from your home while it is for sale.
But all this doesn't mean emptying your home to achieve that un-lived-in feel. On the contrary, you want your home to be cozy. There is a balance between cluttered and cozy, and you must find it. Once you've done a thorough clean-up, which obviously includes making bathrooms and kitchens shine (these are key selling features and should not be overlooked), make the beds and toss the pillows neatly on the couch. Position your remaining decorations in a way that truly accents the room, such as placing two dramatic candle sticks on the mantel, or even a teddy bear on a tidy bed.
To help make the rooms feel live-able and warm, turn on the lights. So often, these real estate pictures I mentioned at the start of this article have been taken at night. Dark windows or even closed blinds make a home look dreary to me right away. Have your agent come by during the day to take pictures of your home, and be sure to take advantage of both natural and artificial light to make your home appear bright and desirable.
When it's time for your home to be shown, play some quiet, mellow music during showings, but by all means, leave the tv off. Consider creating some pleasant smells, as these too impact a buyer's first impression.
By making your home stand out, you increase your chances of a quick sale, at the rate you are asking. So do yourself a favor and put in that extra effort. You'll be glad you did.
Home Buyers-How to Scare Them Away
Home Buyers - How To Scare Them Away
07th March 2008
Author: Steve Gillman
Why look at how sellers scare away home buyers? Because there is a lot to learn from other's mistakes, especially if you want to avoid making them yourself. Here are four such errors to watch out for.
Selling What YOU Like
One of the reasons that a real estate agent is a good idea, is that most home owners are not good salespeople. They make a lot of mistakes which (hopefully) a seasoned pro wouldn't make. Perhaps the most common of these is the error of telling home buyers about all the great features that the seller values in a home.
Guess what? The fact that you love that first-floor laundry or that sliding glass door doesn't necessarily mean they are of any value to the buyers. Don't make the mistake of trying to sell them on what you like about your home.
What should you do then? Ask them what they are looking for, and see if your home can accommodate their needs in some way. If they say they are looking for something close to shopping, tell them where the closest stores are. If they say they want something with an office, suggest that the third bedroom could make a great office (if it's true). In other words, sell them on what they want and need.
Overlooking First Impressions
Here is what my wife and I did before we bought our most recent home. We narrowed down the possibilities to about seven or eight that the agent was going to show us. We set up a day to see them all. Then, when we arrived in town the day before the showings, we drove around and looked at the homes on our list. A phone call later, four were off the list for the showings.
First impressions matter. An ad that says, "must see inside to appreciate" doesn't overcome the prejudice created by a front yard disaster and a broken front door. We may have missed out on some homes that were just beautiful inside, but our reaction is typical. You can't show buyers how great your home is if they never go through that door.
I have even seen this mistake on those house-flipping shows. The poor young investor runs out of money before getting to the landscaping, and then wonders why nobody wants to see the beautiful work she did inside. Be sure that when people drive by your home they have a good feeling about it. Buyers really might overlook problems inside a house they like, but they can't like if they never come to see it.
Taking Offense
Have you ever looked at homes where the seller gets annoyed with critical questions about the home he has lived in and loved for so long? Most of us have. What happens then? We hesitate to ask more, which means we leave questions unresolved and lose interest in the house.
Don't make this mistake. Selling never should involve getting angry at buyers. It is about listening carefully to their complaints and objections to see if there is a way to resolve them. If you can't listen patiently as buyers say the most awful things about your home, you need to hire a real estate agent and stop trying to be a salesman.
Unresolved Problems
Suppose you leave that roof unrepaired and when they ask about how much it will cost to fix it, say, "I don't know." Good luck! Nobody likes to uncertainty when buying a home. This is why leaving problems with the house unresolved is one of the surest ways to scare away home buyers.
The more you can eliminate uncertainties, the better the chance of selling fast. Fix what you can before the house is listed for sale. If there are things which you don't want to fix for whatever reason, get a quote or two on the cost of resolving these problems. A known $5,000 problem will scare away fewer home buyers than an a problem of unknown cost which later costs just $2,000.
WHy Work With a Realtor?
Why Work With A Realtor?
10th March 2008
Author: Joe Samson
Many people, in an effort to avoid paying commissions to a Realtor, go the for sale by owner route. While this may seem like an exciting challenge to homeowners, the reality can be a little bit darker. True, real estate is an exciting market to be in, but it is also one fraught with legal complications. Buying and selling can be quite stressful, especially if you don't know exactly what you are doing.
First of all, a Realtor is trained in all legal matters involved in the sale of real estate. Sometimes, these sales go smoothly, but sometimes, clauses, liens, and contingency contracts can make them very complicated. I recently heard about a couple who sold their own home. They entered into a contract with a couple who ended up having serious trouble getting financing. They ended up missing the opportunity for a quick sale while they waited in vain for the couple who made the original offer to get a mortgage loan. Once the potential buyers finally admitted defeat the couple were exhausted, and still had to deal with selling their home. It is hard to know when life is going to through you curve-balls. The best thing to do is be prepared, and a Realtor comes not only trained in theoretical real estate cases, but, ideally, with a whole history of experiences from which to draw from. This makes them extremely helpful when negotiating the legal aspects of buying or selling.
Even if your home sale goes off without a hitch, all the paperwork involved can be overwhelming. What are you signing? Sometimes it's hard to tell when the language is full of legal and industry terms that the average person just isn't familiar with. A Realtor can translate these forms, helping you understand what each step in the transaction is all about.
A Realtor is connected to a whole network of other Realtors. This means that weather you are buying or selling, a Realtor can help. They have a network of other professionals to market your home to. They have clients waiting to buy homes, and colleagues with more clients, waiting to buy more homes. Some homes barely need to be marketed because there are buyers already waiting to purchase just that type of home.
When it does come time to market, a savvy Realtor has numerous tools at their disposal that the average citizen does not. Sure, there are a lot of web sites out there where real estate can be advertised, however only a Realtor can post a home on the Multiple Listing Service. Once a home is posted there, buyers from all over the world can see it, as can even more of those Realtors with clients waiting to buy.
Many people think that they can only find what they need themselves, but a good Realtor will be able to listen to your needs. A good Realtor knows the market, and knows the area, and may be able to suggest places you didn't even know existed. They are also familiar with local services, and can recommend lawyers, notaries, inspectors or even contractors that they personally know do good work.
Overall, an experienced Realtor may cost a little bit in commission, but the service they provide is worth while. If someone can help you not lose money, or save you a lot of time, aren't they worth what you paid them?
Common Mistakes
Common mistakes that the seller might make when selling a house
06th March 2008
Author: Kosmos
When selling a house there are many common mistakes that the seller might make.
One common mistake a seller might make when selling a house is pricing the house to high. If the house is too high in price it will take longer to sell or it might not sell at all. It is recommended that you know the property value of the area. One way of finding out the property value of the area in witch the house is located in is researching. Some places you can research are in a local newspaper and on the internet. When researching in the local newspaper and on the internet, look for what similar houses in the area in witch the house is located in sell for. This will give you a clue on the property value of the area.
Another common mistake a seller might make when selling a house is spending too much money fixing up the property to sell. Fixing up your home can get you a higher price and make more buyers interested in your home, but the improvements you do should be cost affective. The improvements you do on the house should add more value than the cost of the improvements. By keeping this in mind all the improvements should pay for it self when it is time to sell the house.
One last common mistake a seller might make when selling a house is not advertising that the house is for sale. If you have a real estate agent you might think it his or her job to do this, but if you manage to sell the house without his or her help you can save a lot of money in commission fees. Some places you can advertise are the local newspaper and the internet. Advertising does not have to be expensive; most local newspapers are not that expensive to advertise on. When it comes to online advertising it has some sites where you can sell you house and it doesn’t cost a thing. There are many common mistakes a seller can make when selling a house, with the right knowledge and the right actions these mistakes can be avoided.
Spring is Coming, And With It, Home Sales
Spring is Coming, And With It, Home Sales
10th March 2008
Author: Joe Samson
While some areas of the country are still blanketed under a thick layer of snow, it is undeniable that spring is on its way. This is an exciting time for home sellers and real estate agents alike, as it is generally accepted as THE time to buy or sell. I imagine this has to do with a lot of things, such as it being a natural time of transitions and new beginnings, and a time when warmer weather brings people out of their winter-induced hibernation. Whatever the reason, home sales pick up as soon as the weather gets warmer.
Part of the challenge with the spring real estate fever is that there will be a lot more on the market, meaning that you may have to work a little harder to make your home stand out. A bit of spring cleaning is imperative if you want to make your home match the moods of spring-time buyers. Make sure sunlight shines through clean windows, and brighten up any faded paint. New beginnings are what people are after at this time of year, not worn out old homes.
Which brings up another important factor: old listings. If your home has been on the market all winter without much interest, consider pulling it now, if possible. Giving your home a bit of time off market will make it appear as a new listing to people looking to buy in spring. New listings are far more interesting to buyers than old ones. Having said that, it is very possible that having your home on the market for early spring can catch some of those buyers who are getting a head start on the spring rush. So consider your options and consult your Realtor for advice that is relevant to your specific market.
Also, with all that said, don't stress it if you aren't ready to sell by spring. While it is a hot time for the market, the competition can make things a little hairy. Sometimes, planning ahead is the best thing. For example, if you are just starting to consider selling your home now, waiting to put it on the market and spending lots of time getting it ready to sell may be a wise move. Work on the landscaping and fix nagging repairs over summer so that the next spring, your home will be the cream of the crop. While that might sound like a lot of time to plan, it all depends on your priorities. Well prepared homes seem to sell quicker and for more money. On the other hand, if you're in a hurry to sell, you'll have to do whatever will meet your needs.
There are very few aspects to the real estate market that are cut and dry, and all the general rules really depend on your personal needs and wants. But one thing is for certain, spring is a busy time. So either sit back and enjoy it, or jump in and join me in the real estate fever.
Eight Ways to Add Value to Your Home
Author: Roselind Hejl | Views: 5
"Two story brick traditional with 4 bedrooms, 2.5 baths, island kitchen, and large deck!" Sound familiar? We often talk about houses in terms of room count, along with a list of finishes, such as tile floors, granite counters, or faux paint. While this vocabulary conveys certain facts, it does not provide the tools to think about how to re-design a house in a fabulous way.
It is valuable to be able to make the decisions that transform a poor design into a house that is memorable, enduring, and widely appealing. To do this we need to go deeper than simply updating finishes or increasing square footage. We must think about how the structure shapes the feelings and experience of its inhabitants. In the words of Winston Churchill, "We shape our buildings, and afterwards our buildings shape us." When a house has design flaws, we know intuitively that it does not feel right. On the other hand, a well designed house can make us feel inspired, enriched, and touched by a sense of order.
We often see houses that have some elements in the structure and site that appeal to us, but cannot be lived in without remodeling. Often our clients say that they want to find a house with good bones (meaning good basic design), that they can update. The truth is that most houses have some good design and some bad design. Painting walls and updating fixtures will not cover bad design. You will need to think about the house in a deeper way. Use these design processes to help you make the difficult decisions that will result in a house that many people would love to live in.
1. Relate the house to the site.
Think about how the house integrates and interacts with the land around it. This awareness is a basic, but often ignored, beginning. The connection and interplay between interior and exterior spaces enhances both in a powerful way.
Manage the views from each window. Is there an undesirable view into a neighbor's home or yard? Is there a nice view that is blocked by a wall or fireplace?
Notice how the walkway leads to the street, where privacy is needed, where noise buffering is needed, how drainage will work.
A side area could be a private garden, accessible from the main bedroom. A front porch overlooking the street could bring the house into a relationship with the neighborhood.
2. Bring in natural light.
Houses can be transformed by adding windows and other light sources. Generous light feels safe and uplifting, and attracts people toward it.
Natural light raises the level of importance and the beauty of rooms. Light all main rooms from two sides, if possible, to reduce glare and balance the light. Use glass doors, windows, skylights, transoms, or light tunnels.
Keep passive solar techniques in mind as you add windows and shading devices. The control of solar energy for light and heat is fundamental for an efficient and comfortable home.
3. Break down hard barriers between indoor and outdoor spaces.
Glass doors, screens, and walls that slide open can create semi-transparent walls, forming indoor/outdoor spaces that have enormous appeal.
Breezeways, garden rooms, bay windows, and screened porches are spaces that people love. These bring people into contact with the outdoors, yet may be furnished in a comfortable way.
4. Think of outdoor spaces as large rooms.
When all areas of the site are thought of as living spaces, new ideas open up. These outdoor spaces expand the house by creating a sense of semi-enclosure in various ways.
Their edges can be defined by trees, fences, wings of the house or other buildings. For example, an outdoor room may be a shady natural space on the site enclosed by a line of trees and shrubs.
Outdoor living spaces can be courtyards, walled gardens, trellis covered breezeways, stone patios, or outdoor showers. Think about their use and connectedness to the house.
Often, we see an exterior space that is built as an isolated destination place - a second floor deck, for example. If you have to make an effort to go there, the space will not be used. Outdoor spaces are most used when they are on paths used by people coming and going. This is why a front porch is a very appealing design element. People naturally meet here, and the porch connects with neighbors walking by.
A popular outdoor living area is the backyard deck. This is often seems to be an afterthought, tacked onto the house. Can it be covered and screened?
5. Consider widening roof overhangs or adding propped shutters over windows.
This is a green building technique in warm climates, blocking solar penetration.
The view of the outside roof structure seen from inside the house evokes a sense of shelter and protection.
If possible, extend the roof in some areas to create covered porches or breezeways. Rooms that are simultaneously open and protected are very appealing.
Inside the house, exposed rafters, rustic beams, or wood surfaces on the ceiling create feelings of strength and character in the home.
6. Review traffic flow - a crucial, but often ignored, design element.
Walk down the paths that bring you inside the front door, then lead you to various rooms through the house, and again to the outdoors. Do they cut through the middle of living areas? When this happens the living area will never feel complete and comfortable.
Circulation paths should lead along the edges of main rooms, and efficiently to private rooms. A maze like floorplan creates a sense of wasted energy and confusion. Few exterior doors may result in a subtle feeling of being trapped.
Bring multiple uses to hallways and connecting spaces with bookshelves, windows or window seats.
Set apart the main entrance with details such as a covered place to stand, special doors, benches, or potted plants.
7. Compare the sizes of rooms in proportion to each other.
People have an intuitive sense of the correct hierarchy of spaces. Small living spaces will seem wrong when combined with large bedrooms.
Homes with awkward design can often be improved by removing walls to make one large space from several smaller ones.
Consider the use and function of each room. Is the room to be used privately, such as a bedroom, study, or library? Or, will the family gather here to cook and eat informally? Some houses include formal areas, others do not. Some have many rooms, others are very open. There is no right or wrong decision here. Houses that have a true and intuitive appeal have a clarity as to the function of each room.
8. Choose materials as an integral part of the design - not as decorator selections made at the end.
For example, structural materials can be exposed, or flooring can be used to connect and unify spaces.
Bring in the beauty and texture of natural materials. Use materials that offset each other - warm and cool colors, rough and smooth textures, solid and delicate walls.
Use materials to connect the house to the site - for example, a wood clad house surrounded by woods, or a stone house next to outcroppings of stone. Or, connect the house to the neighborhood with historic colors and siding. Repeat materials and colors to unify the interior and exterior.
GETTING MORE MONEY FOR YOUR HOME
Getting more money for your home
Posted: 21-01-2006 | Views: 1
Author: Sam Dodd
As a real estate professional I often see simple changes that can dramatically improve the sales price of a home. Often time sellers are to stubborn or just don’t understand the importance of making these simple changes when they sell there homes. This costs them thousands of dollars and makes there home less marketable for Real Estate professionals. I have compiled a simple list of things you can do inside and outside your home to make it more desirable and therefore increase the sales price.
On the inside of your home there are a few things every home owner should do and they cost relatively little or nothing.
1. The first thing a home owner should do is clean up and clear all unnecessary objects from the house. It is ok to keep your house decorative but do not over do it.
2. The second thing you will want to do is clear all unnecessary objects from tubs, showers stalls, countertops, and commode tops. The only items that should be on your counter tops should be your most needed brushes, perfumes, cosmetics and they should be positioned in a small group. You will also want to make sure you coordinate your towel to one or two colors only
3. Open drapes and blinds. Make sure you replace all light bulbs with 100 watt bulbs and turn on every light in the house. It has been proven over and over that lack of light makes people feel dreary and depressed. This is not something you want to bring out in a potential buyer.
4. Rearrange or remove some of the furniture if necessary. We want the house to look larger so if we have too much furniture in the house it makes the rooms feel smaller.
5. Rearrange or take down certain pictures from the walls. Any pictures that are even slightly pornographic or inappropriate for any viewer should be taken down. (I mention this step because it happens more then you would think)
6. If your budget permits give the house a new fresh coat of paint. Walls with smears, holes, or that are just dirty in general stand out and a couple cans of paint do not cost very much money.
7. Clean drapes and or carpets in any area where you notice dirt.
8. Review each room individually for anything you feel needs to be done. Try to be objective and if you can’t have a friend come over and help you.
9. If you need room to store extra possessions rent a storage unit or if a storage unit is outside your budget use the garage.
10. Burn a scented candle during the day. Make sure it is not an overpowering candle but something that smells nicely in the background.
11. Turn on the stereo during the day for showings make sure to choose a station that plays appropriate music for all ages.
The outside of a house is also very important. We have all heard the term “Curb Appeal” it is very important that the house looks as good as possible. Often times buyers will pass on a house without even looking on the inside because the outside has something small wrong with it.
1. The first thing you want to do with the outside of your house is to go around the house and remove all garbage, extra building materials, or anything that would cause a new owner to have to work to clean up. New buyers do not want to have to clean up after the previous owners when they buy a home.
2. Sweep the patios, driveways, and gutters and make sure they look the best they can.
3. Take a look at all the vegetation. Prune the bushes and trees, make sure they are not blocking windows or overgrown.
4. Weed and then mulch all planting areas. Make sure the lawn has been freshly cut and fertilized. Obviously you will want to remove all dead shrubs and plants from the property.
5. Clear the deck of all clutter; this includes small planters, charcoal, toys, barbecues and flower pots. If you need to put them in storage or in the garage do so it makes a big difference..
6. Check the paint condition of the exterior of the house. Make sure that when you drive up to the house there is nothing standing out that would prevent a couple from wanting to see the inside of your home. Make sure the paint is not cracking and the trim still looks nice.
If you follow these simple steps your home will not only sell for more money but it will also sale faster. As a real estate agent I have seen this happen many times. If you would like more information on selling your home please visit my website at Cedar City Utah Real Estate or contact your local real estate professional.
HOW TO PRESENT YOUR HOME FOR SALE
How to present your home for sale to potential purchasers
Posted: 01-02-2006 | Views: 18
Author: Allison Thompson
You have decided to sell your home and you want to make sure that your house is what every potential purchaser who walks through the door wants. There are a number of ways in which you can help with making sure that your house is the right one for the potential buyer who comes to view and below are a number of items that should be considered to help you with getting that all important sale. The points shown below should help you in obtaining that all important sale and without too much effort or cost to yourself.
Firstly, I would look at decluttering your home as much as possible. This may seem a waste of time as you are still living in the property, but if you are able to depersonalize the property of you it will provide the potential buyer with an opportunity to see the property with their belongings in it. Also by only have a select number of items on view you are also giving the property a sense of space, into which the potential buyer can see their furniture and belongings being put into.
Next if possible make sure that you property smells nice, a tip I have often been told of when you have potential buyers viewing your property is to have the smell of either freshly baked bread or coffee that has just been made in the house. This gives the potential buyer that this a homely and well loved for house. However, if you don’t have time to do this then just ensure that you make the rooms smell as nice as possible, there are number of good quality plug in air fresheners on the market that will provide a pleasant smell to the potential purchaser when entering your home.
The next thing to consider when selling your home is do you have pets (dogs, cats etc.,). If so then it may be an idea to remove them from the house whilst potential buyers are viewing the property, not all people like animals. Also ensure that you have removed the smell of your pets as much as possible, it may mean that you have to have the carpets cleaned prior to any viewings, but the smell of dog or cat odour can be quite off putting to some potential buyers, as they will see it as a cost they will have to incur for cleaning the carpets prior to taking possession of the property. Also remove any bedding that is used by your pets whilst viewings are taking place. As mentioned previously there are plenty of good quality air fresheners on the market that will help in eliminating such odours.
As mentioned above it may be an idea to arrange to have the carpets in the house cleaned, either professionally or you can hire a carpet cleaner yourself (these can be rented from most supermarkets and dry cleaners now days at a very reasonable cost).
We now need to look at the decoration of your property one of the first things potential buyers will be thinking about when purchasing a home is how much they may have to spend on the property getting it to a standard that they would be happy to live with.
Preferably where possible keep the colours of walls and all internal features as neutral as possible. By keeping the colours of the house as neutral as possible, it will help in making the rooms look both larger and brighter. Unfortunately bright colours and dark colours although may be too your taste may not be the preferred option of your potential buyer. By having a neutral colour scheme throughout your house you are able to give the potential buyer a blank canvas onto which they can stamp their own preferred styles.
When you have potential buyers coming to view your property always ensure that your house is as clean as possible. Some people when viewing a property have a habit of sometimes looking everywhere in the property (this includes cupboards, drawers, toilets and baths). Ensure that you toilet is clean and that if possible a toilet block has been placed in it, which will help in making sure that the toilet stays clean and the room smells fresh. If you find you have limescale around the taps, the bath and the toilet, make sure that this has been removed (there are a large number of products on the market which would be able to assist you with this matter). It also helps the potential buyer to see that you have maintained the property well.
Wherever possible ensure that any wood surfaces have either been wiped down with a damp cloth or polished to remove any dust from the surface. The same should also be done for any items such as TV’s and Entertainment centers including the stands that they are sat on.
Windows should be cleaned and a good method for getting your windows clean if you can not find a window cleaner or do not want to pay for one is to fill a bucket with warm water and vinegar. Use a cloth to wash the windows in the water and vinegar and then use newspaper to wipe the water off. You will find that this leaves your windows streak free.
It should be remembered that first impressions are always the most important, therefore do not forget about the enterance to your home as one of the first things that a potential buyer will see is the approach to your property. Therefore ensure that you keep the front of the property clean and well maintained. The more kerb appeal your property has the more likely a potential buyer will be keen to enter the property to view it.
Here are a numer of points to consider:-
1. If you have any plants at the front, ensure that any dead ones have been removed, the lawn is kept neat and tidy and if you should have a driveway make sure it is in good repair, potential buyers will not be interested in a more if they have to consider further expense. This is also gives the potential buyer a chance of lowering the price they offer to you for your home.
2. You should also look at the garden at the rear of your property, make sure that the lawn is neat and well kept, and if you have a patio area keep it clean and tidy. Make sure that any pots that are broken have been removed and the same should be done with any dead plants. Also make sure that any fencing around your property is well maintained and if it is broken then replace it, a few pounds spent on keeping this in order could mean that extra money on the sale of the property.
I hope that you find the above to be of use to you when deciding to sell your property. For further information go to Inland Property Services.
Allison Thompson, now lives in Spain and has 15 years experience in the property field.
14 IMPORTANT FACTS TO CONSIDER BEFORE YOU TRY TO SELL YOUR OWN HOME
Occasionally, one can see "For Sale By Owner" signs, and some owners think that selling their own home will not only save them money, but believe they have an advantage over the sellers that have their home listed by a reputable Real Estate sales professional. Before you decide to take on this very important and legally complicated process…remember not even most Real Estate Lawyer's recommend selling your own home yourself in today's market. Here are a few of the reasons why:
1. You are limiting your exposure to potential buyers (less than 10% of what a good real estate broker will generate) which theoretically means your home will take ten to fifteen times longer to sell on the market.
2. The longer a home is on the market the lower the selling price is. Why? Because most buyers think that if the home has not sold after this long... there must be something wrong with the home.
3. The selling/buying process begins AFTER the buyer leaves your home. Most sellers think that all it takes is for someone to see their home, fall in love with the great decor... and the offer automatically will follow. Remember that the buying process begins after they leave your home. If a real estate sales representative does not represent the buyer, and they are looking on their own…they usually leave the home and start to talk themselves out of the buying process. Real estate professionals are trained on how to overcome buyers remorse--a very common occurrence.
4. Because of the limited exposure you will very likely end up with a lower selling price. Remember, in order to generate the highest price possible for your home… selling means exposure. You need the maximum exposure possible, to generate the highest price possible.
5. Most buyers find it extremely awkward to negotiate or even to talk directly with sellers and therefore avoid FSBO properties.
6. Lack of negotiating experience and lack of pertinent information often will result in a lower selling price, or worse yet, a bungled contract and possible lawsuits.
7. The majority of qualified buyers are working with experienced real estate professionals.
8. Many serious buyers will pass by a FSBO home merely because they recognize that it is not in the real estate mainstream, this can some times make them wary.
9. As most local buyers now retain an experienced real estate sales person to represent them as their buyer-agency, you will probably be negotiating against an experienced professional.
10. Expected savings in broker's fees will also be greatly reduced if you offer a selling commission to entice real estate sales representatives to bring potential buyers.
11. If you are planning to use a Lawyer to help you negotiate the offer, then your lawyer's fees will be considerably higher.
12. Only real estate sales representatives have access to the up-to-date market information. News reports cannot approach the timeliness or specificity available to real estate sales people. Further, real estate sales representatives are involved in home sales much more frequently than the average homeowner is. This familiarity leads to a degree of expertise that provides an edge on negotiating and successful selling.
13. You only pay the commission to the real estate broker, if they successfully sell your home at the price you are happy with.
14. Accepting an offer is one thing, ensuring a safe and successful closing is quite another. Real estate transactions usually always have problems on closing. At times, expecting the Buyers and Sellers Lawyer's to fight it out or resolve the problems, can sometimes mean the deal is lost. This is the time that your experienced real estate professional, can be the most important. Your Real Estate professional can act as a great mediator. Lawyers MUST act only on their client's instructions and are not paid to negotiate.
ATTRACT READY BUYERS FOR YOUR PROPERTY
Attract Ready Buyers for Your Real Estate Property
Posted: 16-02-2006 | Views: 7
Author: Dion Smith
When you’re ready to put your property on the market, you want to get the most qualified buyers to take notice. This is especially the case if you have already purchased another property or need to relocate within a short time span. Rather than spending days bickering over a fair selling price or financing terms, you may want to draw those who are ready to do business, so you can finalize the deal as soon as possible. If that’s the case, here are some tips that can help to attract those who are ready to sign on the dotted line.
1. Avoid contingency offers. These buyers have a property of their own to sell, and may not even have any firm purchase offers they are negotiating. If you sign a contract with this type of buyer, the sale of your property might not be final until their property sells. In effect, you are taking responsibility for the sale of two properties, not just one. In some cases, a buyer may not be required to sell his or her property first, but then may back out from buying your property if they begin to worry about meeting two monthly mortgage payments. A contingency offer may work well in some cases, but is usually not the best way to go if you are in a hurry.
2. Be careful with first-time homebuyers. Although many first time homebuyers often are ready to put together a purchase deal for your property, some are ill equipped to carry out a speedy purchase. They may have overlooked some of the usual purchase terms simply because they are new to the process. Depending on the real estate agent who represents them, or their advance preparation to buy a property, they may have everything lined up and ready to go, including a review of their credit history and a careful budget assessment to see what type of mortgage payment they can afford.
3. Screen potential buyers. When your agent hosts an open house, see if he or she can find out those who have been pre-approved. Interested buyers can be encouraged to get pre-approved if they are not already. Sorting ready from tentative buyers will let you focus on those who are in a position to buy rather than merely being ready to start the pre-approval process. Ideally, the buyers should know how much house they can afford, what type of monthly payment will fit with their budget, and whether their credit history will support the purchase of real estate at this point.
Taking steps like these can prepare your property for a ready sale and reduce the risk of unexpected delays.
HOW TO HELP SELL YOUR HOME FASTER
How to help sell your home faster
Posted: 09-02-2006 | Views: 47
Author: david smith
Your home may be decorated to your style and may feel like a cozy, warm home to you, but other may not view it in the same way. When you are trying to sell your home, you want it to look as appealing to the potential buyers as possible. Achieving this goal may mean that you may have to rethink your homes décor and do a little re-decorating.
If you have a room in your home that has a unique style of its own, you may want to change a few things. If you have decorated a room in your home in animal print, or in deep bold colors, you should think about toning it down a little. Potential buyers might be turned off by the boldness of the room and they may no longer want to consider your home for them. Keep the colors and the themes of the rooms in your home to basic, simple and conservative style. Keep things light and airy so that potential buyers can imagine their own style in that room or area. http://www.Appraisersworld.com
Another tip to selling your home is to keep the rooms uncluttered. Do not leave things lying around. Keep books and magazines put away or on a bookshelf. Accent pieces should do just that and they should compliment the décor in the room. Having too many accent pieces will only make the room look messy and cluttered. This is especially true in rooms like the kitchen. Keep the counters free of junk and clutter. Too much on the counters can make the room and counter space look minimal. You want to achieve the look of a spacious room instead of a small cramped look.
Do not have too much furniture in one room. Keep only the essential pieces in a room. You do not want a lot of furniture in a small room because this will make it look crowded and small. You want to bring focus on the floor plan of the house and how much potential space you will have available.
If you have a lot of family pictures hanging on the walls or on display, you may want to take some of them away. Having too many pictures of your family may also take away from the illusion of the potential buying thinking of themselves in that house. If you are taking pictures off the way, make sure that you fill in all the nail holes and repaint.
Make sure that the house is cleaned up and you may want to think about having the carpets cleaned. When people are looking at a home to buy, they want to purchase a home where clean people have lived. They do not want to buy a home where there may be dirt and grime either on the surface or underneath in hidden areas.
Before deciding to sell your home, go through each room and see where you need to update anything. If you have anything that is out dated, you may want to replace it with something newer and improved. Things that you can look at are paint, medicine cabinets, lighting fixtures, faucets, floor coverings, and even the plumbing or electrical work in the house. The more that you update now means the more money you can ask for when you sell. Putting a few dollars in your home now may mean that you can get double that when your house is sold.
Keep the pets hidden when people come over to view your home. If you are trying to sell your home, you do not want to let the potential buyers know that you have pets in the house. Take them out of the house with you and make sure that the house is free of any pet odors. Clean the carpets, spray room deodorizer or have candles lit when potential buyers come over. http://www.Appraisersworld.com
HOW TO GET TOP DOLLAR FOR YOUR HOME
How to Get Top Dollar from Your Home or Condo
Posted: 15-02-2006 | Views: 7
Author: Dion Smith
Every property owner wants to receive the maximum profit from a home or condo sale. Although your property may already look great and represent a super offer to potential buyers, here are a few tips that can help to bring out its best features.
1. Emphasize curb appeal as you work on your home’s external appearance. Trim the lawn and eliminate weeds. Dress up the porch or front door with a fresh coat of paint and hanging plants or a wreath. Set out a couple of cozy chairs, and pick up all the kids’ toys around the yard. Your front entrance will welcome or repel guests, setting the tone for their overall basic impression.
2. De-clutter the interior. Remove junk like stacks of newspapers or magazines, pet toys, and stray blankets or mail. Store unused furniture in the attic or basement. Your rooms should look comfortable and lived in without feeling crowded. Cover worn spots in furniture with doilies or slipcovers. Vacuum draperies for a fresh feel. Have the beds made, and all clothes put away or out of view. Leave plenty of walking space within each room, and when possible, open drapes and blinds to let in sunshine and provide an overall open feeling.
3. Clean your property thoroughly before an open house. Dust furniture, scrub floors, polish wood, sweep steps, and do whatever else it takes to show your house at its best. Trim dead leaves from plants, replace burned-out light bulbs, and keep counters clear of dishes or debris. Try to remove spots on the carpet.
4. Make it smell nice. Open the windows and air out your home. Burn potpourri or candles before potential buyers come to see your house, which will help to reduce unpleasant cooking or pet odors. Clean the bathrooms, and run the whole-house fan or air conditioner to circulate air and enhance ventilation. Put ferns in some rooms, as they help to absorb odors and add a natural green touch.
5. Keep animals out of the way. Some homebuyers don’t like the idea of purchasing property from pet owners. They worry about fleas, stains, shedding, and odors. Make sure none of this is evident, if you have pets. In fact, keep your pet locked up, crated, or out of view during an open house or when potential buyers come through.
Many of us take our property for granted. But like anything else, when it goes on the market, a house or condo needs to look its best. Take a couple of hours to put your property in its best light before buyers come calling.