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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. |