Seven tips for Selling your Home

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In a slower real estate market, sellers cannot afford to ignore any part of the marketing process.  Price, preparation, and presentation must be excellent in order to attract a buyer.  

The price must be set realistically.  Preparation should include fresh paint, de-cluttering, updated floor materials, and no glaring repair needs.  And, presentation should be meticulous, with drapes open, lights on, lawn mowed, and interior cleaned. 

Showing your home is the final step in winning the heart of a buyer.  When a buyer calls for a showing, he or she already has an interest in your neighborhood and may have viewed your home on line.  They are willing to invest time to visit your home.  It is worth the effort to make each showing one that will be remembered.  Here are some questions to consider:

1.  Is your home easy to show?

If possible, schedule showings in the same way that is used by a majority of the homes in your area.  This may be by special appointment or by a lockbox system.   Remember that this will be the buyer’s first contact with your home, and it should set a positive tone.  Make the buyer and agent feel welcome.  Be as flexible on timing as possible.  The buyer may be viewing many homes over a large area. 

To allow flexibility, you could wait until they arrive, and then slip out the back door.  You may get a last minute call for a showing.  If this happens, start by thanking the agent for the interest, and discuss how to work with the timing.

I can recall instances in which the seller came to the door in a hostile way and demanded to know why we were 30 minutes late.  Or, the buyers sensed that they were inconveniencing the seller or their agent by asking to see the house.  Many people have a strong reluctance to intrude or bother other people.  Remember that the decision to buy a home is emotional response.  Don’t turn people off before they come in the door.   

2.  Does your home have emotional appeal?

Buyers use all of their senses to experience your home.  The buyer is there to make a big decision, and they will be comparison shopping.  Their job is to eliminate homes and reduce the list of choices.  A dark interior, unpleasant smell, barking dog, or uncomfortable temperature can take the home off the list. 

I see this happen all the time.  The simple experience of being in the home during the showing is a key indicator of whether the buyer will enjoy living in the home later.  Consider the builder’s model home.  It very light and fashionably decorated, with soft music and pleasant scents.  This sends a message to the buyer that the home has been prepared for him, and he is welcome to enter.  People are often sold when they walk in.

Some tips:  Take off some screens, open blinds, increase bulb sizes, play some light music, and make sure the temperature is perfect.  Be careful that your scents are designer quality.  Don’t use plug in scents that remind people of a public bathroom.  Create a good mood with natural and lamp light.  Use pillows, framed photographs, books, fresh towels and flowers throughout the home.  Avoid having the TV on.  Be very careful about cat litter boxes or other pet odors.

3.  Are you staged and ready?

Sellers often ask if it would be best to show their home furnished or vacant.  Of course this depends on how the home is furnished.  If your home is dirty, messy, and poorly decorated, you need to stop and assess the situation. It may be possible to move out, and then stage the home with a few pieces of furniture and accessories.  There are staging services that can help with this.  Generally, some furniture will help to soften the interior and show it in an optimum way.  However, I prefer a vacant house over a disaster. 

It is important to keep the buyer’s focus on the property, and not on your family.  Remove most of your personal collections, family photos, political statements or artistic expressions of yourself.  These distract from the important mission that brought the buyer into your home.

The buyer must establish a sense of trust of your home.  Messiness and confusion sends a deeper message that the home is not well cared for.  It speaks volumes about how maintenance has been handled.  You only have a few minutes to communicate that your home is the right one.  Make sure the visit to your home is a pleasurable experience that keeps the buyer’s focus where it needs to be.   

4.  What would your buyer like to know?

If you were buying this home what would you want to know?  Are there parks nearby that you could photograph?  Does the school bus stop nearby?  Anticipate your buyer’s questions and answer them.  New homeowners are choosing a home, a community, and a lifestyle that your home offers. 

Some ideas:  Survey; floor plan; local parks; shopping; school data; or neighborhood newsletter. 

5.  What is the plan for kids and pets?

Children of all ages need to be coached on the showing process.  Children should know that an advance call from an agent is required for a showing.  This is very important if your children will be home alone.  Figure out a plan for them to follow, depending on their age.  For example, they may open the door for the agent and buyer, and then go next door during the showing.  Discuss what to do if an unexpected person comes to the door asking to see the home.  They must not allow entry to anyone who has not made prior arrangements through you. 

If you have pet, consider a couple of points.  One, pets may be fearful of strangers entering the house.  Two, some people are afraid of, or allergic to, animals, and are not happy to encounter them.  There will be a variety of people entering your home, including children.  If you are unsure of how your pets will react to strangers, be sure to take them out during showings. 

I recall a client who panicked at the sight of a small puppy in a home.  I found that hard to understand until I realized that I reacted the same way to a ferret that was loose in a house that I was showing.  I was ready to jump on the table.

If you have pets at home during showings, communicate this to the agent.  Leave written notes in the house on where your pet is located and other special instructions. (Dog in laundry room; Cat must stay indoors) 

6.  Is your home safe for visitors?

Remember that showing your home is going to interfere with your day to day life.  You will need to prepare for some inconvenience and intrusion into your privacy.  Consider the safety of your visitors.  There may be seniors as well as small children walking around your home.   

Is there a statue or tall lamp that could easily fall if touched?  Are there wires at ground level that could trip someone?  Are there rugs that tend to slide?  Are stair railings safe for small children?  Could a visitor be bitten by a bird or other animal?  Are the stairs free of small toys?  Are traffic patterns open between rooms?   

Also consider your own security and privacy.  Put away valuable possessions.  Do not leave money, guns, jewelry, x rated magazines or any personal items in public view.  Do not leave breakable objects where they could be accidentally bumped.  Move your medicines to a secure location.  Do not leave bleach or poisons in reach of children.  Do not leave candles burning when you leave the house.     

7.  Should you stick around?

Generally, it is not a good idea to be present for the showing.  Remember that this is not a social visit.  Most buyers will feel that they are intruding on your privacy if you are in the house.  They may shorten the time spent in your home.  Or, they may not be able to discuss your home as freely as they might have.  If it is difficult to leave, you may sit outside or take a short walk.  

Sometimes sellers try to offer certain information, and they inadvertently turn the buyer off.  It is best not to make assumptions about what the buyer wants.  Keep in mind that buyers are there to make a big decision.  They need some time to experience your home on several levels.  If it passes the first test, there will be time to communicate how many water heaters you have and other facts about the house.  I recall one showing in which the sellers actually grilled the buyer on his reaction to every room, and then argued about it.  It was a relief to leave.

Showing your home is a very important step in getting it sold.  Potential buyers should be treated with utmost care and respect.  You only have a short time to gain their trust and interest in your home.  Every showing is important.  It is said that you only need one buyer, but you don’t know which one.

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Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®

The Power of Belief & Expectation

I thought this article was a great!! I belief this is so true – but the only problem I have is how do you change your believes & expectations? Does any one have any suggestions?

By John Boe

RISMEDIA, April 8, 2011—While you may not always get what you want, you will always get what you expect! Surprisingly, the power of belief and expectation work just as effectively on your feelings of self-doubt and limitation as they do on your thoughts of success and achievement.

Think thoughts of defeat or failure and you are bound to be discouraged. Belief is an incredibly powerful state of mind. Your belief system not only defines and shapes who you are, but it also determines your potential. Henry Ford was correct when he said, “Whether you think you can or think you can’t – you are right.” Your belief system, like your computer, doesn’t judge what you input; it simply accepts it as the truth.

Earl Nightingale, cofounder of the Nightingale-Conant Corporation, concluded that life’s strangest secret is that you become what you think about all day long. If you want to know where your predominant thoughts lie and what you believe, look at what you are experiencing in your life. Your thoughts are creative by nature and express themselves through your emotions, which in turn, drive your actions.

Everything you say, both positive and negative, is literally an affirmation. Consider this well-known quotation:

“Watch your thoughts, for they become words. Choose your words, for they become actions. Understand your actions, for they become habits. Study your habits, for they will become your character. Develop your character, for it becomes your destiny.”
- Anonymous

Many years ago, I heard about an eager, new insurance agent who had just received his license and was looking for prospects. He met with a successful businessman who had agreed to provide him with referrals. As the businessman handed the insurance agent 10 referrals, he asked him to contact the prospects immediately and get back to him with the results.

Two weeks later, the enthusiastic salesman dropped by the businessman’s office to give him feedback and ask for more referrals. The insurance agent was pleased to announce that he had been very successful! He proudly stated that he had already contacted and sold insurance policies to seven of the referrals and was still attempting to contact the other three. After thanking the businessman for giving him the 10 prospects, he asked him if he had thought of any other referrals.

The businessman smiled and said that he was very busy at the moment and surprised the insurance agent by handing him a phonebook. The businessman informed him that the previous 10 prospects were not his personal contacts, but rather names that he had selected at random out of the phonebook. He suggested that the salesman go ahead and get the next 10 prospects out of the phonebook himself!

The astute businessman taught the new salesman an extremely valuable lesson in the power of belief and expectation. The salesman had made those sales on the belief that he had been given 10 preferred prospects. Therefore, he was confident and eager to contact those leads and expected to make the sales with little or no difficulty. What is your belief about your market and what expectations do you have for your success? Yes, belief is indeed a very powerful state of mind!

John Boe presents a wide variety of motivational and sales-oriented keynotes and seminar programs for sales meetings and conventions. John is a nationally recognized sales trainer and business motivational speaker with an impeccable track record in the meeting industry. To have John speak at your next event, visit www.johnboe.com or call 937-299-9001. Free Newsletter available on website.

5 Holiday Hosting Disasters and How to Avoid Them

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Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®

What’s your home Worth?

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Your Home's Worth
Determining your home’s worth is one of the most important decisions you will encounter when putting your home on the market. For some, it can also be one of the toughest to face because when it comes time to sell, homeowners sometimes have a tendency to reminisce about all the fond memories made in the home over the years. These memories may be priceless to the home seller, but to a prospective homebuyer, they’re a non-factor in determining a property’s worth. Market value, and not sentimental value, is the key factor when figuring your home’s worth.

Market value is the amount prospective buyers are willing to pay at the time homeowners are ready to sell. Now you may ask – how do I find out the market value of my home? Well, the best way to ensure that you get the best price is to obtain a Comparable Market Analysis (CMA). You can get a CMA from your qualified, professional real estate agent.

The market analysis will include homes in your area that are currently on the market, expired from the market, pending a sale, expired and already sold within the last three to six months. Of course, the best indicator of your home’s value is the price for similar homes in your area that have already been sold. The comparison is based on the proximity to your home and the similarity of characteristics such as lot size, square footage, number of bedrooms and baths, other home amenities, etc.

It’s a good idea to sit down with your agent to discuss how each factor of the market analysis affects your home’s value. You can consider current listings to identify the competition, recently sold homes to indicate what buyers are willing to pay, homes with a sale pending to show the current demand and expired homes to suggest what buyers are unwilling to pay. Quality real estate Web sites may offer tools that help you determine how some of these factors affect your home’s value, but an agent is always the most reliable source. Some Web sites will simply interpret data from places like a county auditor site, but not take other important aspects into consideration. To ensure accuracy, work with an agent.

Suggestions for what to do are always accompanied with what not to do – and there are a few “dont’s” when deciding the value of your home. Avoid the urge to price your home based on factors that don’t affect the market value. Those factors include how much money you need to buy your next home, how much you paid for your current home, how much you paid for home improvements, the value of similar homes in different communities, area appreciation statistics, the cost to build the same home today and personal attachment.

Discovering how much your home is worth is the first step to ensure that your home is priced correctly. So, take the time, do the research and talk with your real estate agent. Together you can decide what the best price is in today’s market.

Are you on the fence about buying a home?

Home Buying Assurance through Real Living Insurance

 

You’ve found the perfect home. It has the right number of bedrooms, great living spaces, and boasts prime proximity to everything you need. Now is the time to buy—or so you’ve heard, but what if you have reservations about plunging into such an important financial commitment in the midst of economic uncertainty?

Real Living wants to give you the opportunity to take advantage of some of the lowest interest rates today, while ensuring your financial peace of mind tomorrow. Life can be unexpected at times, and we want to protect you and your home from unforeseen financial curve balls like involuntary unemployment. As a result, Real Living has created the Peace of Mind program. We believe that, “home is where the heart is, ” and that financial stability provides peace of mind. So, here’s how the Peace of Mind program works:

Peace of Mind Program

One-Year Coverage*
When you are represented by a Real Living agent during the purchase of your next home, and finance through Real Living Mortgage, Real Living will provide you with one year of insurance benefits that cover a monthly mortgage payment of up to $1,500 for up to six months if you become involuntarily unemployed during the first year you are in your new home. Many buyers who purchased a home in recent years have interest rates that exceed current available rates. So, additionally, if you refinance through Real Living Mortgage, we’ll also provide coverage for one year. Please refer to the terms and conditions section for more detailed stipulations.

Two-Year Coverage*
If you purchase a Real Living listing, use a Real Living agent, and finance through Real Living Mortgage, we’ll extend your Peace of Mind benefits for another year (two years altogether) so you can take advantage of the up to $1,500 each month for up to six months of coverage. This means that you have coverage for up to six months of mortgage payments if you become involuntarily unemployed at any point during the two-year period.

*This program is available for Real Living HER and Real Living Realty Services customers only. Please refer to RealLivingHER.com or www.RealLivingRealtyServices.com for detailed program terms and conditions. For more information on Peace of Mind as well as other Real Living programs

 

 
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