Posts Tagged ‘FSBO’

Making a First Impression When Selling Your Home

Thursday, December 3rd, 2009

So you’ve decided to take advantage of the booming real estate market and put your house up for sale. As you know, buying a house is the most important purchase a consumer can make.

So it’s understandable that when prospective buyers come through your house, your home will be scrutinized like it’s never been before (well not since you bought it anyway!). Everyone knows you never get a second chance to make a first impression, so consider implementing the following cost-effective suggestions, before you welcome any potential buyers.

Consider the view that people see when they first drive up.

To ensure that you don’t send any potential buyers running down the driveway before they even see the house, make sure the exterior of the home is spotless. Paint or wash as necessary and don’t forget to mow the lawn and spruce up any outdoor greenery.

Upon entering your home, what will they see?

If you have a room that makes a statement when you walk in, perhaps the walls are painted a very bright colour or the style of furniture is eclectic, potential buyers may have a difficult time picturing their own stuff in the room. A fresh coat of paint in a neutral colour is an inexpensive but proven technique for increasing the appeal of any home. A clean, fresh smell makes a good impression. Try placing air fresheners in closets to eliminate musty smells. The smell of freshly baked bread also goes a long way. Don’t go overboard though – not everyone likes the strong scents of potpourri or incense. Of course, it goes without saying that clean and bright equals a sale. Scrub, clean, wash windows, walls, floors and tiles and shampoo dirty carpets – leaving no stone unturned.

Clean under sinks, repair any leaks and clean up any damage.

Use special cleaning agents to rid toilets, tubs and sinks of stains. If you have lots of stuff, it’s hard for potential buyers to see around it to see the room. Store any miscellaneous items, making sure to keep the garage, basement, attic and any closets tidy. This will make your house look more spacious and clean. Make repairs as necessary. If the baseboard around the cupboard is loose, for example, get out the hammer or glue and fasten it securely. Are the handles on the closet door wobbly? If so, get out the screwdriver and tighten them. Potential buyers don’t want to have to look after a bunch of little things when they move in and they may subconsciously be noting all the little repairs.

In the end, they might reject the house because they think all the minor repairs will amount to a lot of work for them. By implementing these simple tips, you can ensure that your house will be off the market in no time!

About The Author

John Carle & Sharon Gregresh are Realtors with Royal LePage – ArTeam in St. Albert, AB. They pride themselves on providing more than just real estate sales and listings. Their clients benefit from a much larger spectrum or real estate services. Contact them any time at information@workingtogether.ca or through their website at www.workingtogether.ca. They can be reached by phone at (780) 458-5595

Should I Buy Real Estate in this Market

Wednesday, August 5th, 2009

Finally home prices are settling down and the overheated housing market is cooling. Last few years selling house has been easy, put an ad in the newspaper or conduct an open house and you will get multiple offers in weeks.

If you are in a hot market and/or you have priced your house correctly, buyers may get into a bidding war and the seller may get more than the asking price. Last summer my friend bid for a house in Middlesex County, NJ and there were 15 people in the queue at 9am before the first open house. Buyer got 8 offers in the very first week and all the buyers or buyer’s agents were asked to give a presentation for 5 minutes explaining why the house should be sold to them and to give their best offer. The house was sold 15K more than the asking price. Now market is cooling down, builders are nervous and cutting their projection and wooing buyers with incentive and upgrades. The Commerce Department, for example, said sales of new homes in September fell shy of expectations. There is a good article on USA Today by Adam Shell – Overheated housing market is cooling.

Last week luxury home builder, Toll Brothers announced that it will build fewer homes in 2006 as it faces softening demand in some markets. Toll’s forecast may be another signal that the U.S. housing boom that has raged for the past three years and buoyed the national economy may be coming to an end. Interest rates on home loans, which have fueled the housing boom, have risen to their highest levels in 16 months.

To protect yourself when you buy a home, adopt a long term strategy. Don’t buy unless you plan to hold the property for at least 5-10 years. This way you can ride out any downturns in the market and sell when the market improves. Be careful while opting for interest only load, avoid getting into a situation where you are forced to sell in a down market. Make sure the home you are buying will satisfy your long-term need e.g.: don’t buy a house that is too small. Many people I know said they are interested in real estate because they saw someone else make money from the rapid appreciation of the market over the last few years. But, buying real estate solely for short-term appreciation is often a big gamble!

Senior Partner
http://www.YourSaleByOwner.com/

Buy/Sell FSBO properties online.

Home Sellers – Surviving the Home Inspector

Wednesday, April 22nd, 2009

In today’s world of home buying and selling the home inspector can ruin the sellers’ day with stoke of his pen or a keystroke on his notebook computer. It doesn’t have to be that way home sellers have plenty of time to be ready for the buyer, buyer’s agent and any home inspector. Below are some quick items to have your home ready.

Be way out in front of the curve, hire your own inspector and complete the repairs before placing your home on the market. A good real estate agent will suggest that you hire an inspector on any home that at first glance says I need help. You could spend $200 to $500 but getting to it first may help you make a sale and get you a higher price.

Don’t cover anything up, don’t hide problems. They will be found if not by the inspector then when the buyers’ final walk through before closing after you’ve moved all your furniture out. How would you like to move back in or spend 2 weeks in a hotel while the repairs are being completed so you can close and move to your next house, if that deal didn’t already fall apart?

Basement problems, wet walls or floor? Most times covered by stacks of boxes or other things stored away, inspectors don’t move things they only check where they have access. The point is this will come back and bite you, basement problems are sometimes a very easy fix clean and repair gutters regrade around foundation so water moves away, a leaking hose bibb (outside faucet).

Painting and touch ups should be done inside and outside a clean fresh look will give everyone confidence in the rest of the property. Painting the front door and entry is the best place to start. Hallways and corners always show a lot of use.

Cleaning interior and exterior get rid of all the junk you plan on tossing anyway. Too much stuff in the house may be cause to question what’s behind it or underneath of it. Wash off any mold or mildew from your siding and roof.

Landscaping trim all shrubs around the foundation, tall shrubs cause moisture to stay on walls and foundations a good place for termites and wood rot. Shrubs also hide your house what else are you hiding? This can cause a lot of questions from a home inspector and pest control inspectors they both know they usually find something here.

Each of these can help you make your sale. Home inspectors are not the enemy remember your buyers agent will suggest that you hire an inspector for your purchase.

Bill Carey with over 30 years in real estate sales, investments, and home building offers a unique perspective to the buying and selling process of residential real estate for F*R*E*E consumer information and reports log on to http://www.CharlotteNCExecutiveHomes.com and see
“Insider Real Estate Secrets Revealed”
…a must-read for Home-Owners and Renters!
It’s a F*R*E*E 12-lesson e-course covering more than 20 topics exposing the realities behind buying and selling a home.
It Could Make(or Save) You Thousands of Dollars

See http://www.BillCareyRealtor.com and sign up for our monthly e-newsletter with tips for buyers, sellers, home owners and soon to be home owners.

(Your Comments are Welcome)