Archive for Selling
Options on Selling Your House in a Falling Market
Posted by: | CommentsThe property market continues to fall and is expected to do so for some time yet. If your property is on the market you simply want to sell your house and be able to get on with the next step in your life. There are no quick, easy fixes to selling your house in the current market, but here we will outline some approaches that you may not have tried.
The estate agents say lower your price. Obviously this is true. Lower your price and you will be more attractive to the elusive buyers. If you want to buy another house then this option might be possible as it’s likely that your next property will have a lower price too. You could sell at a lower price, rent for a few months and then be a cash buyer once the market has bottomed out. You’d be the perfect buyer.
Alternatively, prepare your house to be not just another house, but a wonderful house, and an opportunity for someone to buy. What’s special about your house? What can you make special about your house? Put in some thought, time and possibly money to make it more special.
Perhaps a drab garden can become the perfect garden for children with a wendy house, lawn and flowers. Perhaps the space under the stairs can be a work station, or a pretty, exposed storage space. Perhaps the hall can be made into a welcoming space by a fresh lick of paint and careful lighting, the rooms warm and give the feel-good factor.
Speak to your agent. Yes, the market is difficult, but can the photos be redone? Photos are usually the first impression a buyer can get. If you are not be impressed with the image then others won’t be either. Ask the agent to take new ones, or you may be able to take them yourself. Has the description enough “wow-factor” and is it correct? Wording in the description is very important and you must check it carefully.
Advertise your property on private sellers websites and newspapers. Some sites are free and just need your time to input the details. This gives you more exposure. You may be able to register with more than one agency and if not, ask when your contract is up to go with another agent. Agents do not want to lose any business and may be able to make a few more calls and follow more leads if they know you are serious about moving your house sale to another agent.
And if you can’t sell your house?
Unfortunately there isn’t much choice and you will need to make a decision which will be a relief in itself. You can stay in your house and wait for the housing market to recover which it will at some point. If you have enough space you could even rent out a room and save the income to have a bigger deposit for your next move. If you can’t sell your house and you need to move for a specific purpose, then you need to look into renting out your property and renting in your new location. You can then sell and buy when the housing market recovers.
There are less buyers out there, but house sales are still going through. Your house needs to shine and stand out as an opportunity not to be missed.
Selling a House With Pets in the Residence
Posted by: | CommentsWhen people prepare to sell a home, most of them work very hard to make their home is as attractive as possible. This could include just about anything, from re-painting walls to making minor repairs to hiring a home staging consultant. In a buyers market like this, sellers work very hard at making their home sparkle. They would never suspect that all of these improvements could be completely negated by the family dog.
For homeowners with pets, selling a house could take some extra effort. Pets leave behind evidence of their presence, whether it be in the form of scratch marks, hair, odors, or more. This can pose a problem for potential home buyers which may have allergies. There could be safety issues for pets and people alike, as there really is no way to know how an animal will react with strange people in the house. Additionally, some people are so strongly averse to pets they will refuse to consider a home where they have resided recently. Luckily, there are steps a homeowner can take in order to ensure that the family pet doesn’t prolong the sale of a house or worse, negatively impact its price.
The very first solution to be considered is to relocate the pet to another place if possible. This could be a friend or family member willing to take care of the furry little guy or it could involve boarding the animal. Having the them out of the household would be the easiest, most effective way to prevent a pet’s presence from interfering with the sale of a home. The drawback is homes are spending longer on the market these days and boarding a pet for months on end would not only get expensive, it would be cruel.
If boarding the animal outside of the home is not an option, see if its possible arrange for friends or family to take the pets for a few hours during showings. Having them at the house is the last choice and should be avoided at all costs. If this is the case, they should be restrained in a kennel or outside. Not only are barking dogs and underfoot cats distracting, if a potential home buyer is bitten, they will not purchase the home and they might file a lawsuit to boot.
Make sure that the real estate agent knows pets live in the home. This will make it less likely they will stop by without making plans in advance. They’ll want to know the animals are restrained properly before going to the property. A real estate agent doesn’t want to be responsible for an escaped pet or any other animal-related troubles which may arise.
One of the most obvious troubles of trying to sell a home with pets is their shedding. A house full of pet hair and dander can be an immediate turn off to non-pet owners. Vacuum daily, even twice a day if it’s necessary to keep the carpeting clean. Don’t forget that smooth floor surfaces like tile and hardwood can accumulate “dust bunnies” as well. Pay careful attention to corners and in between furniture, where fur can accumulate. Lint rollers are great for furniture and other areas that are difficult to clean.
Odors can be another problem for pet owners trying to sell a home. Once someone’s nose is accustomed to a smell, it “forgets” its there. Some people may not even know their house smells like their pet. Using cleaning products and fabric fresheners can help. Additionally, other scents can be used to cover up any odors that may exist. This could be through candles, baking cookies, potpourri, or more. Do not use air fresheners, as people with allergies can suffer a reaction. If the smell of pets is extremely strong, try using bleach. While it is not a favored smell, it is better than animal odors.
Obviously, where there are pets, there is animal waste. Whether it’s in the litter box or the back yard, it can be a huge turn off to potential home buyers. Make sure that litter boxes are kept impeccably clean while the house is on the market. Stash them in out-of-the-way areas where they won’t be noticed. With dogs, the easiest method is to clean up messes in the yard as they occur.
Beyond the obvious hair and smells, pets can cause other problems within a home that may make it difficult to sell. Pets can cause actual damage to homes in a variety of ways. There is pet soiling which can severely damage the floors of a home. Animal nails can scratch molding, hardwood floors, windowsills, doorways, carpeting, and pretty much anything else they can get their claws into. Some ill-behaved animals have destroyed doors and cabinets with their teeth. If there have been any major damages caused by a pet, they will need to be repaired before the home goes on the market. Any further damage will also need to be prevented.
Pet accessories can really clutter up the way a home looks. Pet dishes in the kitchen. Toys scattered about the living room floor. Kennels or cat trees can really mess up a home staging project. Keep these types of pet accompaniments outside of the most important rooms: the kitchen, the living room, the family room, and any rooms with major selling points like fireplaces or a sunroom.
One final method of selling a home where pets live is to market it to other pet owners. Instead of trying to hide all evidence of pets, promote the fact the property as “pet-friendly.” Perhaps a concrete kennel has been built, fencing has been installed, or the home is located far from any busy roads. These could be attractive to potential home buyers that will be moving with their pets. It could even bring about some creative marketing strategies, like advertising the home at local animal shelters, animal lovers’ websites, and discussion groups.
Dogs and cats can make it harder to sell a home, but a little bit of planning can overcome those troubles. With some extra work and careful attention, it could even seem like no pets live there at all. Taking the time to keep the house clean and keep pets and people safe during showings can mean the difference between selling a home for the right price, selling it for a lower price, and even not selling it at all.
What a Copywriter Knows About Selling a House
Posted by: | CommentsYou might think that the best way to sell your house in a slumping market is to price it low and then just get it listed on every website you can. But you may find, like many of my neighbors have, that is not enough. Most realtors and home sellers make the same mistake when it comes to creating the listings for these homes.
Here’s the listing for one of the townhomes in my area:
“Small complex located in the heart of Burnaby Heights. Rarely available beautiful corner unit at very desirable Red Brick Heights. Only two years old, this gorgeous three bedroom, 2 bathroom unit is 1375 square feet, also has a loft on the third floor. Oversized panoramic rooftop balcony with a beautiful view of the North Shore Mountains. Open plan with gourmet kitchen with real wood cabinets, stainless steel appliances with granite countertop and hardwood on the main floor. These high quality units do not last so be quick before it is gone. Low strata fee and well managed.”
A copywriter skilled at their craft would never write like this. The best copywriters start their copy knowing what their prospect already feels about the product – in this case, the product is the house. And lately the real estate market has made many people feel scared. It’s also made others feel like there’s real opportunity. So it’s likely that many prospective purchasers’ desire for a home is being met with an even greater fear of what might happen to their investment if they buy one or a desire to capitalize on the market crash.
If you have to sell your house, you need to acknowledge that fear or the desire to make money – not, as was done in the above example, try to create a fake sense of urgency. And you need to appeal to the positive emotions that might make someone want to buy a house even in troubled times.
Beginning with the features of the house and trusting the prospect to respond positively to the fact that it’s only two years old, with a panoramic rooftop view and a gourmet kitchen, is what the competition is selling. Instead, think about the prospect and how he might feel about those features (how it feels to cook for your family in a great kitchen… and open the door to see the mountains in the morning… and know your money is safely invested in this high-quality/well-located home). Then carefully craft each part of your listing to support those emotions and benefits – with pictures, maps, and words, all directed to get those emotions working toward the sale of the home. I think that is exactly what an expert copywriter would do. And I bet that, in combination with the right price, would sell my neighbors’ houses.
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Home Appraisal Tips – Several Great Tips To Know Before Getting Your Home Value
Posted by: | CommentsHaving your home appraised is one of the most important things you will ever do as a home owner. A professional home appraisal will give you the best idea of what your home is worth and it is from this appraisal that many financial decisions will be made including how much you should sell your home for, if you ever decide to move. That being said, the day of the appraisal is most likely going to be stressful both for you and your appraiser. Here are some tips to keep things running smoothly.
1. Make sure that your home is tidy, clean and up to date on its maintenance. “We’re going to fix that leaky faucet tomorrow” isn’t worth as much to the appraiser as it actually leaking while she is there. You should also do your best to clear away the knick knacks and other clutter. Your appraiser is there to get an idea of the shape your home is in, not your decorating style. This isn’t to say your home should be bare, but clean and orderly.
2. You will want to accompany your appraiser through the house so that you can answer any questions she might have. This can be awkward for both of you, so do your best to be friendly and kind, but to also stay out of your appraiser’s way. You don’t have to give a history of every wall she looks at, simply hang back but try to be nice if she asks you a question. You should also try to not second guess the work your appraiser is doing. Badgering her is only going to make her feel uncomfortable. This could lead to a rushed appraisal which could lead to the value of your home being lessened because she couldn’t take the time she needed to give an accurate report.
3. That being said, a friendly interjection to mention something that has been remodeled or rebuilt is never a bad idea. Appraisers like to know what is new and what has been fixed. It helps give them a more accurate picture of what your home is worth.
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How to Sell My House Fast Because of Divorce
Posted by: | CommentsWhile main stream median states that nearly 50% of marriages end in divorce, the number is actually closer to 40%. In 2004, 37% of marriages ended in divorce and in 2005 that number increased to 38%.
States across the nation are experiencing an increase in divorce rates and at the same time reporting a decrease in marriages. Idaho is a perfect example of a state reporting these divorce and marriage statistics.
In 2004 Idaho reported 6,922 divorces, in 2005 that number raised to 7,126, then in 2006 the number of divorces in Idaho raised again to 7,500. During the same years (2004-2006) the number of marriages in Idaho decreased year after year. In 2004 there were 14,997 marriages, in 2005 that number decreased to 14,935, in 2006 the reported marriages dropped again to 14,811.
No matter what state you live in, if you are going through a divorce you should know you are not alone. While going through a divorce there are many decisions to make and none are easy. There are financial decisions, family decisions, asset decisions, and the list goes on.
Most likely the largest financial and asset decision you and your soon to be ex will make is what to do with your house. For most Americans their house is their larges asset and biggest investment.
There are basically two options to solve your house and divorce situation. One option is for one person to keep the home. The other option is to sell your house fast.
If one of you decides to keep your home it will require you to refinance your house and split the equity with your spouse. This solution is typically not the best choice because now there is only one income to pay the total mortgage payment instead of the combined two. Also, after refinancing your house the new mortgage payment will be higher.
The other option is to sell your house fast. There are basically three options you have to sell your house and only one of them solves your selling situation quickly.
Selling your house FSBO definitely will not sell your house fast. It will involve you cooperating with your soon to be ex and doing things together. You will have to keep paying all the mortgage payment, utility bills, etc. before your house sells, and you will have to deal with potential buyers.
Another not so easy option is to list your house with a real estate agent. This option also requires cooperation with your spouse. You still have to keep paying all of your house and utility bills. You have to have your home in excellent condition so potential buyers can walk through your home and see if they like it. Another negative aspect of listing your house is the large commission you will have to pay your real estate agent, if and when your house finally sells.
The best option to sell your house fast is to sell it to a local home buyer. Local real estate investors purchase many houses each month from people going through divorce. They are courteous to your selling situation and spouses do not have to deal with each other through out the transaction.
Lets face it, divorce is never an easy situation and is almost always a very emotional time. If you need to sell your house because you are going through a divorce, consider selling it to a local home buyer. They will solve your selling situation fast and be sensitive to your situation. You can sell your house fast and get on with your life.
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