10 ways to make your home sell faster
| 10 ways to make your home sell faster | ||
| Ozzie Jurock | ||
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| Thursday, June, 26, 2008 |
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Oh my. Oh my. The market is turning. The market is crashing, the depression is coming, terrible things will befall us. That is the content of some email I am receiving. And...yes
the market is turning, yes pre-sales and the whole new condo market has
stalled, yes listings are higher and sales are down 28 per cent.
Percentages
matter not. So, the sales volume is off by 28 per cent. So what? The
key in any market - good or bad - is to get your property placed into
the 72 per cent which sell now. There is no good nor
bad market, only a good or bad deal you personally make. All good
marketing efforts begin life as a sound, basic plan and then evolve to
fit the particular property and situation. Cut from whole cloth and
then tailor-made, such a plan will incorporate innovative new ideas and
"rearrange" old ones.
Here then, are a few of these ideas:
1.
Most important: Interview and select a quality Realtor, from two or
three recommended ones. Have them make a market evaluation - in writing
- and an action plan on how best to market your property. Go see all
the comparables used in the evaluation. Pick the Realtor whose
comparables and action plan makes the most sense to you. Get somebody
who knows your neighborhood intimately and who's enthusiastic about
your home. That also means someone other agents want to work with;
someone who's too abrasive or who isn't trustworthy won't help your
cause. Insist on weekly contact....even if there is 'nothing
happening'. BE the squeaky wheel.
2. Ensure your home is listed on the Multiple Listing Service. The more exposure, the better. Make sure your home is on the agent's tour/agents open house asap. Make sure you are on mls.ca and the Realtor's website.
3. Price your
home right. Yes, we all need and want the best price, as in the highest
price, for our abode. But be realistic. Ask yourself: "If I were the
buyer, would I pay the price I am asking for this place?" Real Estate
is cyclical and we are at the end of this cycle. If you want to
sell...price it just below the competition, not what you 'could have
gotten last year'.
3. Create a
"Benefit and Feature" sheet for your home. List every good point, every
benefit that your property and your neighborhood enjoys. Create a
"Pick-Up" Box and augment the realtor's "For Sale" sign with it. Like an open-topped container filled with the above mentioned feature sheets for pick up.
4. Stage your
home! Have a professional come in and help. Stand in the doorway to
find each room's focal point, and use furniture placement to highlight
that. The back of your sofa shouldn't block the view of the fireplace,
for example. Remove any extraneous pieces of furniture. "Re-position"
them into another room...or into storage altogether. A wingback chair
that's crowding the family room might help create a nice reading nook
in the master bedroom.
5. Declutter and then declutter
again. Depersonalize and neutralize. The first items that should go in
those packing boxes: family photos, collections and just about anything
else that says "you." Show the home from its best possible side. Have
people see how they would feel if they owned the home. Developers have
show suites and show homes for a reason.
6. First
impressions do count. Fix up your home but do it with "resale" in mind:
take care of the eye-catching areas and don't waste the effort (and
money) on the rest. Fix the porch or entrance, that wobbly front step
or squeaky door. Repaint the front door, bathrooms and kitchen. Use
general (but modern) neutral colors only. Again, don't spend a fortune
on the remodeling; you won't get your money back. If any remodeling is
done - spend it all in the kitchen and baths. Clean like a fiend. Q-Tip
clean!
7. Get rid of the junk. A bright Place is a
8. Sell the
sizzle. Rather than building a suite in the basement, paint the (clean)
basement floor and paint the lines of where a bath, an extra bedroom
could potentially go. Let the buyer's imagination do the rest. Add
lights along the walkway, put big brass
house numbers up and a brass mail box on your door. Kick up the curb
appeal. Garden gnomes are a no-no. Front landscaping is what the buyer
sees first.
9.
Have a note on the for sale sign: Call this Number 000-000-0000 for a
taped message for price and features of this home. The
answering-machine ad lets you list all of the features of your home
before stating the price. In turn, offer people who leave their name
and number a reason to do so. You'll mail them interior shots of your
place or arrange a private showing or something similar. State the date
of the next open house.
10. Be with it.
Use craigslist.com...or insist that your realtor uses craigslist.com to
market your property. It is the most used bulletin board in the world.
Two of our Action Group members used craigslist.com to market four
condos they owned in
(For 11 more things to do go to www.jurock.com - 21 ways to make your home sell faster.)
Always remember:
This is YOUR house we're discussing. You have the right to demand an
attentive, professional, upbeat realtor, a person who creates a solid,
comprehensive action plan (in writing) and does so in a measurable way
(number of showings, numbers of interested buyers, etc.).
A good realtor
keeps you informed all the way. A poor realtor won't. Look around you
and ask for the best possible result... but be realistic. Don't demand
the impossible. You also have the right to expect that this
professional will sell your home as quickly as possible, for the best
price in the given market conditions and with the minimum amount of
inconvenience.
The realtor has
the right to ask you for your help: clean up the yard and space, tie up
the dog and hide the dirty laundry (please!).
Insist that your
realtor be focused. But be equally as focused. There is no such thing
as accidental success. It's always earned and always comes with a
price. The price of doing the work of being prepared with a good
measurable plan of action is nothing as compared to the maximum price
you get for your home.
Finally, to all
of you kind people that write to me about the market... Don't worry
about the market, worry about your sale or purchase. The best deals are
made in tougher markets. As a seller - make sure your property is
worked professionally...and it will sell. As a buyer - we have said it
before -...be smart but don't buy under any circumstances without a
'subject to the sale of my current house' clause. You may be stuck with
two houses for a while and the pressure will hurt. Ozzie Jurock F.R.I. |
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