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| COMPARITIVE
MARKET ANALYSIS |
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Simplify Your Experience
From preparing your home, to setting
the price, and showing your house when it is on the market,
a Realtor will simplify everything. Keep in mind the right
agent is often the key to a successful real estate transaction.
Our qualified professionals will guide you through the entire
process.
Pricing Your Home
Correctly pricing your property is critical.
Price your home too low and you'll lose money; price it too
high and buyers will shy away. Your Realtor will be able to
give you a Competitive Market Analysis for your home, which
will help you determine the value of your property, as well
as give advice on the condition of the present market.
Promoting
Your Property
Effective advertising and marketing are
essential when selling your home. From descriptive, colorful
ads to internet options, our Realtors are able to attract
potential buyers. Promotional campaigns work best when the
home is priced right, the home is properly prepared, and the
marketfavors sellers. Competition and financing can also affect
the success of a promotional campaign.
Prepare Wisely
Whatever work has been done up to this
point to sell your home, will only have an effect when a buyer
walks into your house for the first time. Never underestimate
the affect of positive showing. There are numerous ways to
prepare your home for a showing.
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There may be a variety of reasons if
you've decided to sell your home. From up sizing, down sizing,
cross-country move, its exciting to start new adventures.
The internet can be an amazing resource for any property seller
and were here to help.
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Selling a home can be stressful and time
consuming without the right resources and information. There
are plenty of practical matters that need your attention.
With our online services, you can avoid the potential hazards.
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A Team Effort
The overwhelming majority of home sellers
find it advantageous to team up with a Realtor. Rather than
attempt to learn about selling a home, most home owners feel
that it is better to entrust the sale of their biggest investment
to a professional. There are a number of complexities of modern
Real Estate transactions that should be considered, not to
mention the access to MLS, advertising, marketing and screening
which are available to assist the seller. Advice can be given
on the condition of the market at the time you are considering
selling. Your Realtor will also be able to give you a Competitive
Market Analysis for your particular property, which will help
you determine the value of your property.
Money Matters
Todays buyer is well informed and
price sensitive. A property that is priced over the market
can often deter buyers who are serious about finding a property.
If the property is under-priced, it most likely will sell
quickly--to the detriment of your net proceeds. Care and research
should be taken when establishing the original listing price.
There are many factors that will affect the selling price.
The following should help you determine the price you can
expect to receive:
- What
are the prices (listing and selling) of similar homes in
your area?
- What
is the size, layout and condition of your home?
- What
is the location of your home, are you in a desirable area
that is in demand?
- Does
your home have amenities that are currently popular in the
marketplace?
- What
is the estimated appraisal?
- What
is the experience of your Realtor?
- Is
it a buyers' market or a sellers' market?
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It is time now to look differently and
unemotionally at your home. Look at it no longer as your home,
but as a product to be marketed. Be aware of what you can
and cannot change about your home. This knowledge will allow
you to concentrate on those items that will bring the highest
rewards.
First Impressions
The first thing a potential buyer sees
is your home from the street. They call that first impression
"curb appeal." Take care to:
- Remove
any junk or clutter from the yard.
- Have
a clean, crisp lawn, a bit of fertilizer makes for a greener
lawn.
- Trim
shrubbery and hedges.
- Wash
decks and porches make sure they are stained or painted.
- Clean
and paint or stain your front door.
- All
exterior lights should be operational.
- Exterior
windows should be clean and operational.
- Clean
out gutters and downspouts.
- Walkways
should be swept and free of snow or ice during winter.
- Make
sure the garage door is closed.
Through Open Doors
Present
your home dressed in its best! Most buyers do not have a vision
- so help them. Do not do anything expensive, such as remodeling.
Here are some minor investments, which may have some major
returns.
Paint - when it comes to preparing
a house, painting gives you the best return for money spent.
Flooring - at the very least, all carpeting needs
to be steam cleaned. Any worn, stained or foul smelling
carpet should be replaced. Any flooring that is cracked
or damaged, should be replaced, if possible.
Clutter -If something is not necessary for your day-to-day
life, box it up and store it or throw it out!
Closets Closets need to be neat, clean, and
organized.
Cleaning the cleaner, the better. Dusting,
washing, waxing, polishing everything will always make a
good impression.
Lights clean the fixtures and make sure the
bulbs work.
Windows replace any cracked windows.
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Entryway :
- Clean
and polish everything.
- Make
sure it is well lit.
- Make
it clutter free.
Bedrooms:
- Arrange
the furniture for the flow of traffic.
- Make
sure it is clutter free.
Living Room/Family Room/Den:
- Arrange
the furniture for the flow of traffic, give the illusion
of space.
- Remove
ashes from fireplaces and woodstoves.
- Make
sure all light switches work.
- Clean
the drapes.
- Polish,
mop the floors.
Storage Areas:
- Basement,
Garage, Attic
- Remove
all junk and clutter (do you detect a theme?)
- If
the basement is damp or musty, try a dehumidifier.
- Make
sure these areas are well lit.
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Kitchens are under close scrutiny:
- Clean
the exterior of all appliances, including the stove hood
filter.
- Clean
counter tops and cabinet faces, the shiner, the better.
- Clutter
free.
- Remove
magnets and messages from the front of the refrigerator.
- Clean
floor, consider new if it is worn.
- If
you have ceramic tile, make sure the grout is clean, there
are whitening products.
Bathrooms are also extremely important:
- If
faucets drip, repair or replace them.
- Remove
stains from all fixtures.
- Make
sure all lights have the highest wattage safe for each fixture.
- Put
out fresh, clean towels.
- Check
ceramic tile, make sure the grout is clean.
- Remove
any evidence of mildew.
- Make
sure drains are clog free.
- Shower
doors should sparkle.
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Finishing Touches
Most of the time you will be given at
least a couple of hours notice before showing your home. Before
you show your home add these small but important finishing
touches. Your home will then put its best foot forward!
Light
and Bright whether day or night, a lit house gives
a welcome home impression. So turn on all the
lights, indoor and outdoor. Open all curtains and drapes to
let in maximum light. Your home looks more cheerful and it
also prevents harsh shadows.
Out of Sight prospective buyers may feel like
intruders if you are home during a showing. Allow the Realtor
the opportunity to speak freely with buyers and emphasis your
homes best features. If possible, take a walk, visit
the library, go shopping or take the kids to the park. If
you cannot leave, try to remain out of sight and do not accompany
the buyers from room to room.
The Scent of Success Scented sprays are too
obvious and may be found offensive. For a pleasing fragrance,
add a few drops of vanilla extract on a stove burner or boil
water and add some cinnamon. Refrigerator cookies are quick
and easy to bake, as well as lighting a scented candle prior
to a showing. Both will make your home more attractive.
Waste Not Empty the trash in the kitchen and
any other waste baskets before a showing. Garbage does not
send a positive message, even in small amounts.
Comfort Counts Make sure the thermostat is set
such that the house is at a comfortable temperature. Turn
off the television and turn soft, melodious music on.
Pets It is best to try and take your pets with
you while your home is being shown. If that is not possible,
at least keep them outside. Animals under foot will put a
damper on a showing.
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Once an offer is made, if you intend
to accept the offer, or make a counter-offer, do it as soon
as possible. Realize that at any time prior to accepting or
countering, a buyer can withdraw their offer.
When you make changes to an offer, they
require written approval of all parties for the contract to
be enforceable. Know that even minor changes facilitate the
opportunity for either the seller or buyer to change their
mind.
Closing
To put it simply the last part of the
home selling process is closing. It is the time between signing
the purchase contract (once an agreement on price and terms
has been reached) and the day the deed is actually
recorded transferring title. Once everything is signed, then
escrow closes and your home is sold.
Moving On
It
doesnt matter if you have moved once or several times,
it is never an easy task. There is a lot of emotion associated
with selling a home. So on to a new adventure. The following
are some tips you may find helpful.
- Notify
the post office of a forwarding address.
- Cancel
subscriptions that would not be forwarded.
- Arrange
for new checking account if needed.
- Arrange
for utilities and telephone at your new location.
- Plan
for needs of children and pets during the move.
- Plan
for sufficient cash/travelers checks during the move.
- Are
you packing/moving yourself or will a professional mover
handle the move?
- Once
you are reasonably sure you will be proceeding with the
sale, begin weeding out your possessions.
- Pack
one room at a time.
- Keep
the weight of your boxes reasonable.
- Start
packing and marking every box according to contents and
room it will go in.
- If
bubble wrap is not available, use towels and blankets to
wrap fragile items.
- If
possible, pack audio-video and computer equipment in their
original boxes.
- Do
not pack valuables, carry them with you.
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