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.
|