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Finding the Ideal Buyer
These are the kinds of buyers who make sellers feel complete satisfaction with their home sale transaction, but ideal buyers clearly do not approach all sellers. Enticing them to view your home, and making them excited enough to give you exactly what you want is really a function of only this: value! For this value to be self-evident, your home must:
- Be priced right
- Be marketed powerfully
- Be presented in the best possible light
You set the pricing with the help of your Realtor. Your Realtor is responsible for marketing - for creating awareness within the general public, your neighbors, and other Realtors. This leaves presentation…
Merchandise Your Home
You are responsible for merchandising your home, helped by the sound advice of your Realtor. If you plan to spend any money to improve your home, the front is usually the most critical. Curb appeal is one of the most important presentations to consider. A home that is appealing from the street will attract more buyers into it. Many buyers will not even venture into a home if they do not like it when they arrive.
The following is a list of tips for merchandising your home to attract the greatest volume of quality buyers. Read it all, or zero in on what interests you most:
Home Warranty | Clean Up and Clear Out | Neutralize the Interior Floors | Attention to Details | Hiring a Professional | Buyer Bonus
Offer a Home Warranty
A Home Warranty protects both you and the Buyer from problems with the major systems of the home. The warranty is free to you, the Seller, throughout the listing period. A fee (usually between $250 -$400) is then taken at Escrow to pay for the warranty. Home warranties are typically valid for a period of one year after the sale of your home and cover items such as the stove/range, electrical system, hot water heater, heating system, roof, plumbing, refrigerator, and other large items (items such as a hot tub, pool, etc. are optional).
For example, if the oven stops working only a week after the new buyers move in, the buyer will have the repairs covered by the warranty. Many buyers feel a lot more comfortable about a transaction (particularly in the case of older homes) if their purchase is covered by a Home Warranty. It can also protect the Seller in the event that something goes wrong soon after closing and the Buyer alleges that the problem may have been concealed by the Seller.
To get a free copy of a Home Warranty application, please contact us.
Clean Up and Clear Out
Prospective buyers are looking for a home that they - and their furnishings - can move right into. To that end, you can best prepare your home for sale by putting your home in move-in condition and neutralizing your décor.
Some of the most effective merchandising efforts are projects you can do yourself, at virtually no cost.
- Thorough Cleaning
Every room and window in your home should be kept squeaky clean.
- The Nose Knows
Rid your home of scents such as pet odors and smoke. Clean litter boxes and eliminate cigarette stubs, then clean carpets and wash walls thoroughly. Add pleasant aromas with candles, boiling a pot of cinnamon sticks or putting a dab of vanilla on cold light bulbs.
- Organize and Sort
Remove half of the items stored in closets and cabinets and sell, toss or give away items you don’t use. Also consider storing out-of-season items and excess furniture as a way of clearing your home.
Neutralize the Interior
Nothing makes a home look newer faster than painting… and it’s an instant cure for outdated wallpaper and colors. Painting walls and removing antiquated wallpaper may be the best interior improvements you can make.
- Prep Work
The key to a quality paint job is adequate preparation; it’s important to patch holes, scrape peeling paint, sand the surface and, if necessary, put on a primer coat. Choose a premium-quality paint; the difference in results far exceeds the difference in cost.
- Choosing Colors
For broader appeal among prospective buyers, paint walls and ceilings in light neutral colors such as beige, cream, or gray (try to avoid stark white - some people find it too stale). These colors suggest newness and cleanliness and can really brighten a dull or outmoded room. Taupe or beige works especially well for giving a warm feeling to rooms in the Northwest. Try visiting some new construction sites to see what colors local builders have found popular with buyers.
- A Cure for the Gloom
If a room seems too gloomy, you might consider using a semi-gloss paint. It will help reflect light and make the room feel brighter. A fresh coat of paint can even breathe new life into kitchen cabinets and appliances.
- Leaking Information
If you have repaired a leaky roof, patch and paint the ceiling. A water-marked ceiling is a signal to prospective buyers that the roof leaks - or has leaked at one time. However, don’t paint to hide a problem; always fix first and then paint.
Floors
If your floors are badly worn, outdated or stained, you may need to make improvements. If you decide to replace floor coverings, concentrate on the high visibility areas - the living and dining rooms - first. But rather than replace, here are some other steps you can take:
- Clean carpets and vacuum often.
- Check for hardwood floors beneath the carpeting. You may be able to pull up the carpeting and refinish or simply clean and wax the floors to create a classic, new look.
- It is possible to repaint a vinyl floor that has an outdated look (as long as it is free of holes and dents).
- Repair cracked or broken tiles.
- Make use of neutral-color area rugs to diminish the impact of flooring beneath.
Pay Attention to Details
You might not notice the dripping faucet in the kitchen, the lack of storage in the bedrooms or the outdated light fixtures in the dining room, but be assured that potential buyers will notice.
- Operation Clean Hands
Repair leaky faucets or freshen sinks by installing new faucets. If the sinks are slightly scratched or the colors are outdated, consider re-enameling or simply replacing them.
- Let There be Light - Lots of it!
Brighten the lighting in your home by modernizing dated fixtures and switchplates. Replace existing bulbs with the highest-wattage bulbs allowed for the fixture. Consider brightening dark areas with easy-to-add strip lighting, under-counter lighting, and reading lamps.
- A Window on the World, A Door of Perception
Windows, screens and doors will not escape the meticulous eyes of buyers. Besides cleaning windows and doors, you will want to repair cracked panes, torn screens, broken sashes, ropes and cords. Doors and window frames may need a fresh coat of paint or varnish.
Hiring a Professional
You may be able to make some repairs, such as repainting the interior or replacing a faucet, but other tasks (such as electrical or plumbing problems) may be best left to experienced hands. If you must call on professionals to have repairs made, get several estimates before proceeding with the job.
Buyer Bonus
Talk with your Realtor about whether the projects should be completed before putting the home on the market - or if offering a “Buyer Bonus”, allowing the new homeowners to complete the project, might be more to your advantage. If so, having bids available will be helpful in letting buyers know the scope of the project.
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