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Selling A Home

So, you've decided to sell your home! You have many decisions to make such as whether you should try to sell your home yourself or use an agent, what is a fair market value, what needs to be cleaned, repaired and fixed. In order to realize the maximize return on your investment, you will probably want to make some improvements, repairs and general cleanup. You want to make improvements which fit the overall neighborhood but do not over improve the property since large capital investments such as a kitchen or bath remodels or swimming pool additions are not totally recoverable at the time of sale. However, a fresh coat of paint, freshly cleaned carpeting, new kitchen and bath towels are some inexpensive fixes to enhance the desirability of the home. The objective being to show a home which looks good, maximizes space and attracts as many buyers as possible.

Curb Appeal

The front door greets the prospective buyer so make sure it is fresh, clean and scrubbed looking. Keep the lawn trimmed and edged and the yard free of refuse. Season permitting, consider planting a few flowers. Check the foundation, steps, walkways, walls and patios for cracks and crumbling and have repaired. Repair and repaint peeling paint around doors and windows if needed and clean and align the gutters if needed. Inspect and clean the chimney and repair and repaint loose siding and caulking. Keep your garage door closed.

Staging Your Home

Open the draperies and curtains to let the sun shine in. Dark rooms are not appealing! Leaking faucets and dripping water suggest faulty plumbing. Minor flaws can detract from a home's value.  Small repairs such as tightening loose door knobs, adjusting sticking doors and windows and realigning warped cabinet drawers can make a big difference.  Many buyers believe there are ten problems they haven't seen for everyone they do see.

Display the full value of your attic and other utility space by removing all unnecessary articles. Short term, off-site storage areas are relatively inexpensive. Avoid cluttered appearances and possible injuries. Well-organized closets show that space is ample and can reap large returns.

Remember that bathrooms and kitchens help sell homes so make sure these room sparkle!  Loose and missing caulking in bathtubs and showers should be replaced or repaired.   Bedrooms should be arranged neatly by removing excess furniture and using attractive bedspreads and freshly laundered curtains. You can sell the pride of ownership faster and for more money.  For owners who are busy elsewhere, hiring a professional cleaning service once every few weeks can be a good investment while the house is on the market. One suggestion for assistance with residential and commercial cleaning projects, is to contact the Residential Commercial Cleaning service experts!

You may also wish to contact a Professional Staging Service to assist you in your pre-sales and home staging activities. Here are some observations based upon years of industry experience by home staging experts and real estate professionals:

  • The longer your home sits on the market, the lower the sales price will be.
  • You only have one chance to make a great first impression.
  • A prospective Buyer makes an opinion of your home within the first 15 seconds.
  • A Buyer, on average, spends five minutes in a vacant house but lingers 40 minutes in a furnished home.
  • Staging a home adds interest and helps Buyers to connect emotionally with your home and allows them to mentally "Move In". Often times, Buyers are influenced emotionally by the way they "feel" about a house.

  • An investment in staging now costs less that your first price reduction later.
  • Staged homes, on average, spend 50 percent less time on the market and sell for five to seven percent more than non-staged homes.

Here are two recently published articles on pre-sales activities and suggestions for staging your home which I found to be informative. Staging Your Home by Fortune Magazine and Review of Home Staging: The Winning Way to Sell Your House for More Money published in About.Com.

Contrary to popular belief, staging is not decorating! Decorating personalizes a home to reflect the tastes of the owners. Staging is De-Personalizing and preparing the house to appeal to a wide range of potential buyers.

When Any Agent Shows Your Home

Avoid having too many people during inspections. The potential buyer will feel like an intruder and will hurry through the house. Objections that can be overcome by a professional will not be forthcoming when the seller is present. Music is mellow but not when showing a house. Turn off the blaring radio or TV. Let the sales person and buyer talk, free of disturbances. Keep pets out of the way, preferably out of the house. Many people are acutely uncomfortable around some animals. Be courteous but don't force conversation with the potential buyer. He wants to inspect your home, not pay a social call. Never apologize for the appearance of your home.  Let the trained salesperson answer any objections. This is their job. Never stay in your house with house hunters. Let the agent handle it, and remove yourself if you possibly can.

For Sale By Owner

If you're contemplating whether you should sell your home "By Owner", ask yourself the following questions. Am I able to respond promptly to showing requests, handle objections without getting angry, understand legal ramifications of contracts and negotiations, do I have the time to effectively market my home and am I an effective negotiator? If your answer is no to three or more of these questions, you may need the assistance of a real estate professional. Remember the real estate professional is always available, is well trained in negotiations and contracts, has effective venues for marketing your home and is able to handle objections without emotion and personal involvement. And, the professional real estate agent is generally able to get a higher price for your home than you could.

What is Fair Market Value?

Fair market value is commonly defined as what a willing buyer and willing seller would negotiate in a reasonable timeframe when neither party is under any undue pressure to consummate the transaction.

We offer a free, no-obligation comparative market analysis and will show you other comparable properties currently listed for sale in your neighborhood to assist you in determining a fair market value. Although we understand every Seller wants to maximize their return on investment, statistics have proven that homes priced correctly from the beginning sell for more.

Other Seller Resources

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If you're selling your home and moving out of state, you may find these realty agencies to be of assistance in your new location. If you contact us first so that we can introduce you to an agent in your new location, we offer a moving allowance credit at closing equal to 1/2 of 1 percent of the purchase price of your new home, provided the agent participates in a realty referral program.

  • In Minneapolis, real estate is heating up! Minneapolis Condos / Condominiums are going fast, so check out http://www.minneapolisloftsandcondos.com/ for the best selection of condos and lofts in the Minneapolis area today.

  • Sandy Myrtle Beach Myrtle Beach Real Estate Website to search all of the myrtle beach MLS.

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