SEVEN THINGS SELLERS SHOULD DO BEFORE PLACING THEIR HOME ON THE MARKET

SEVEN THINGS SELLERS SHOULD DO BEFORE PLACING THEIR HOME ON THE MARKET

 

As the Spring time approaches, many homeowners who need or want to sell will make the decision to place their home on themarket for sale, since Spring is considered the best time of the year for home sales.  However, prior to making that decision to place your home on the market, there are at least 7 crucial things that the Seller should do before putting up that ‘For Sale’ sign:

 

1.       Do All Needed Repairs: 

You would be surprised to know the number of sellers who put their homes on the market without doing the repairs needed.  I guess they think the buyer won’t notice the dripping faucet in the bathroom or the dry-rotted weather stripping on the front door.  Guest what? The buyer notices everything! And if they see that you haven’t done minor maintenance on the home, they will assume that you haven’t done any maintenance on major items like getting air conditioning repair over the 15 years you’ve been in the home.  If you are fortunate to receive an offer from a potential buyer, EVERYTHING will be revealed during the home inspection and it will only affect your bottom line in the end or lead to the buyer terminating the offer. It is in your best interest to do the repairs prior to listing your home.

2.      Remove any Traces of Wallpaper:

Most buyers absolutely hate wallpaper.  Let me repeat that again.  Most Buyers “absolutely” hate wallpaper!  If you have wallpaper in your home, it is best to remove it prior to listing your home.  Not only is wallpaper personal to your taste, it is also dated and makes the house appear older than it is.  When buyers see wallpaper, they immediately walk-out in most cases because it is hard for them to imagine their furniture in the home with someone else’s décor.  It is best to remove it and paint your walls a neutral color so that buyers can easily envision their furniture working in any of the rooms.
3.      Clean Your Home Thoroughly (Interior and Exterior).

Maybe it’s a mild case of OCD that I have but I usually keep cleaning wipes in my car so that I can wipe my hands when necessary after a showing.  You would not believe the condition some people leave their homes in when it is on the market.  I once showed a home that still had dog poop and poop stains on the carpet—and it was NOT a foreclosure. I get it that some people still live in their home while it is on the market but when you’re selling your home, you have got to keep it clean!  Kitchens and bathrooms sell homes, so they especially need to be thoroughly cleaned. Ceiling fans should be dusted as well as light fixtures.  One thing that some people tend to forget about are wall plates and light switches that are used frequently.  Sellers tend to forget about these and they are often dirty from constant use.  Have your home thoroughly cleaned to include windows, wiping down doors and door knobs and cabinets.

4.      De-Clutter, De-Personalize, and Organize Everything:

Buyers like open spaces and are willing to pay for it.  If you have too much furniture, it is best to either get rid of some or rent a storage facility to store it in while your home is on the market.  I also advise my sellers to de-personalize the home by removing any personal photos and tchotchkes, and also making it gender-neutral by re-painting colors that would lean towards one particular gender (i.e. pink bedrooms) to a more neutral color. Since you’re going to be moving anyway, it is best to pack these personal items away and put in storage to use in your new home.  Organize all your closets, cabinets, and garage if you have one.  If you have small closets, take out the clothes that you don’t wear very often to create the appearance of spaciousness.

 

 

5.      Look at Your Home More Objectively Through the Eyes of a Buyer
Once you’ve done all the things mentioned above, look at your home objectively like a potential buyer would and ask yourself.  “If I was a buyer, would I purchase this home?”  If the answer is yes, then you have succeeded in getting your home prepared for the market.  If you have difficulty looking at your home objectively, have a friend or someone you trust walk through and give you honest and constructive feedback.

 

6.      Be Realistic about the Listing Price You Set for Your Home 

Homes sell for market value—period.  You don’t determine the price of your home—the Market Does.  With the onset of technology and so much information available online, most buyers are very savvy and perform their research in advance. They are not going to pay more for your home that what it is worth.  And if they are represented by a good Buyer’s agent (like myself) I will not let my Buyers pay more than what it is worth.  It doesn’t matter if you need to get a certain amount out of the sale in order to purchase your new home.  Your home is only going to sell for what similar homes like yours are selling for at the current time.

7.      Choose a Professional Real Estate Expert to Sell Your Home

The final step is to choose a local, experienced, real estate expert who specializes in marketing and selling homes. You will want to interview the agent and ask several questions pertaining to how they will market your home prior to making a decision to list with them.  Your agent should also do a comprehensive market analysis (CMA) to determine what your home could possibly sell for in the current market. Once you have selected an agent, follow the professional advice of that agent throughout the listing period. If you would like a detailed list of questions you should ask your agent prior to listing your home, email me at john@boulderhomes4u.com

 

Boulder listings

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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Boulder Colorado Communities

Boulder homes for sale

HOW TO LIST YOUR HOME IN 3 STEPS

HOW TO LIST YOUR HOME IN 3 STEPS

for sale sign

 

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The following will help you take the proper steps to having a “For Sale” sign in your yard.

1.    CALL YOUR LENDER

Call your lender and ask for your payoff amount.  They will give you the amount to satisfy your debt that includes the interest owed through the estimated date you plan to pay off the loan. Knowing an estimated pay off amount will be beneficial when pricing your home.

2.    CALL ME, YOUR REALTOR

Call your local Realtor and have them to prepare a Comparative Market Analysis for you.  The C.M.A allows you to see how homes comparable to yours are selling. Most C.M.A’s will have three sections, the “Active”, “Pending” and “Sold” section.

  • Active – The active part of the report will show you which comparable homes are currently on the market, their list price, how long they’ve been on the market and if there has been aprice reduction since each home has been on the market.
  • Pending – When a home is pending, all parties have agreed on the terms needed to sell a home and are now going through the process that leads to a closing. This part of the report will not disclose the final terms that were agreed upon by the buyer and seller, however it will show you what the sellers were asking when an agreement was made and how long the home was on the market until it turned to a pending status.
  • SOLD – The sold section will tell you how long a comparable property was on the market and what the final sales price was. All three parts of the CMA play an important role in how you should price your home however in my opinion, the SOLD section is the most important part of the report. The sold section shows you what the market is willing to pay for a home like yours.  There are exceptions and your Realtor will be able to pull additional reports if needed.

Once you know your pay out and have reviewed the C.M.A, I can then prepare a NET sheet for you. The NET sheet will allow you to have a snapshot of your closing cost and how much you may walk away with, after selling your home at the price you have decided on.

 3.    PREPARE YOUR HOME 

Now that you’ve met with me and decided on the right price for your home, it’s time to prepare your home for showing.

The easiest way to get your home ready is to remember the acronym R.U.D.E.

Repair  – Now is time to complete everything on your “Honey Do” list. If you want top dollar for your home it’s important to make your home move in ready. Fix and repair as much as possible, before the potential buyer discovers it. Repair items can cause you to get less for your home or even lose a sale.

Unclutter – Your home is lived in and probably very clean, however your home now needs to show like a model home; I know this task can be a challenge, especially if you have kids. If a buyer likes your home they will want to imagine it as their own. Remember less is more! You may even want to consider having a professional staging company, come in to assist you in this part of the process.

Depersonalize – Family pictures, awards, trophies, personalized artwork and mementos should be packed away.   Remember your home needs to show like a model not like the Smith family home that the potential buyers are visiting.

Exterior – First impressions are everything!  The first impression can literally turn a buyer off before they even walk through your doors or you can have really good curb appeal and get them really excited to see what’s next. Make sure your lawn is cut and while you’re at it, add a pop of color to your garden. Even a simple hanging basket filled with colorful blossoms could make a difference.

Now your home is ready to sell! Call me to put the “For Sale” sign in your yard quick!

Boulder listings 

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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Boulder Colorado Communities

Boulder homes for sale

PRICING YOUR HOME TO SELL CORRECTLY

PRICING YOUR HOME TO SELL CORRECTLY

Pricing

Setting your asking price correctly is the key to successful results. Guided by our local market expertise, you’ll be able to make that decision with confidence.

It is important to remember that the value of your home is ultimately not set by you, but rather by the amount of money a buyer is willing to pay for it at any given time.

PROPERTIES PRICED RIGHT:

Increase showings

Bring more interested buyers

Creates ease in the appraisal process

Keeps the prime market momentum

Sends a message about your motivation to SELL!

OVERPRICED PROPERTIES:

Helps sell the competiions

Reduce showings

Loose buyers unwilling to negotiate

Loose prime momentum

Sends a message to buyers about your motivation. (Or lack of!)

 

The best marketing in the world will not sell your home!

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

new bh4u logo

 

Boulder homes for sale