Keys to Selling Your House Fast – Attractiveness

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We continue the series on Selling Your Home Fast with this article on making your house attractive to give it market appeal.

Would you buy a dirty car with a dinged up fender?  Maybe, but if so your price offer would be a LOT less.   It’s the same with a house, yet many people ignore this.  They show a dirty, cluttered, unattractive house and have trouble selling it.

The market is improving, but there is still strong competition for buyers.  You need a house with market appeal in order to compete successfully.

  1. An appealing house may not sell at a higher price, but it will sell, and faster
  2. The mantra is clean, neat and inviting.

You should prepare and stage your house by addressing the following areas:

  1. Repairs – Buyers want the home to be move-in ready, without repairs
    • Major, costly redecorating is usually not justified or needed and you won’t get the money back in sales price.
    • Buyers will estimate repairs two to four times higher than actual, so it’s better to make necessary repairs since the buyer will expect a bigger price reduction if not repaired !
    • Repair known defects as they will come out in the property disclosure statement, home inspection or FHA inspection anyway – especially:
      • Roof
      • Structure such as walls and steps
      • Water damage
      • Mechanical systems such as electrical, A/C, plumbing, etc.
    • Be sure to use licensed contractors and get permits where needed:  non-permitted work can derail a sale!
  1. Curb Appeal – If it isn’t appealing at first glance, buyers will probably drive on, so:
    • Trim or remove overgrown trees & shrubs: landscaping should accent, not obscure the house
    • Remove clutter such as trash cans and children’s toys
    • Pressure wash the sidewalks and driveways and bleach if necessary
    • Repair bad spots and keep the grass trimmed
    • Plant flowers to add color, and mulch the beds!
    • Fix outside damage and paint if needed – pleasant, popular colors only!
    • Front door – In good repair, operates smoothly and looks great
  1. Inside of House
    • Clean, clean, clean everything – you are competing with other clean and even new homes
    • Control odors i.e. pets, smoking & garbage.  Vinegar & baking soda really help!
    • De-clutter – remove or at least put away to create space!  De-personalize by removing refrigerator magnets, photos and personal items.
    • Paint: It’s fast, relatively inexpensive and makes a huge difference.  Ceilings bright white, walls neutral colors and accents/trim in a complementary or darker shade of the wall color.
    • If vacant, add warmth: some pictures, area rugs, small decorative items and selected furniture to showcase or complement a room.
    • A mirror or two can also make rooms seem brighter and larger.
    • Buying is emotional, and scent goes directly to a buyer’s emotions, so put out one or two scented oil diffusers.  Don’t overdo it!
  1. Kitchen – This is the most important room for sales!
    • Women focus on the kitchen, and women usually make the buying decision
    • Clean, clean, clean !
    • Replace or re-finish older cabinets, or replace doors and hardware – some cabinet builders sell direct
    • Replace older appliances – this is really, really important!
    • You can do significant updating for a few thousand dollars, max and it is well worth the cost!
    • Counters:  repair or replace if really old or damaged, else de-clutter, clean and polish – remove small appliances to make them look open and spacious
    • Update lighting fixture(s) if necessary
    • Wax the floor!
  1. Bathrooms – Bathrooms are another area that women focus on
    • Clean, clean, clean
    • Replace broken or missing tiles
    • Clean and re-grout as necessary
    • Update by replacing older colored tile and cabinets
    • Update lighting & plumbing fixtures – it’s generally worth it
  1. Showing Time
    • Make a showing checklist
    • Brighten – Open blinds and turn on lights
    • Put the pets in an out-of-the-way area, i.e. garage
    • Control odors
    • Control, eliminate noise – quiet is best
    • If you have a Realtor, take the family and leave, if possible

Remember, I’m Bob - I’m a Realtor, I have experience in home rehab and I am also a wholesale buyer.  If you have any questions or want to talk you can reach me at 727-210-5504.  Thanks, and have a great day!

 

Comments

  1. Hello, i think that i saw you visited my website so i came to eturn the favor?I’m trying to find things to improve my web site!I suppose its ok to use some of your ideas!!

  2. Making all of the needed repairs to a home is not always an option for people. There are many people who are constrained by time, money or energy to do what it takes to make the home in move in condition. I have seen many homes that have not been maintained properly for 10-20 years and now they want to sell. Heck they have still been full of belongings that remained when they or their tenants moved.

    Two alternatives to these sellers are selling to an investor who will take the property as is and within a short time frame, usually 7-30 days. The investor will expect a discount to close to 30% off ARV – after repair value, plus a discount for all of the repairs needed.

    Another alternative is to sell as a “fixer upper” as rent to own or with seller financing. There are many people who would jump at this opportunity. The seller could most likely charge a higher price. The draw back for the seller is 1) You are not going to get all of your money up front, it will probably only be 1-5% of the sales price. 2) They may not follow through and buy the home. Then you are right back where you started. 3) And if they did not make the repairs the house could have potentially deteriorated even more. 4) You will need to do some leg work to find the buyer, then screen them and pay for contracts to be drawn up.

    The benefits to selling with owner financing or rent to own are 1) You could help someone out who is deserving of the opportunity. 2) You would be collecting the rent payment monthly which is nice to have that monthly stream of income. 3) The buyer would most likely pay a premium sales price for the opportunity to buy the house on your terms. 4) Assuming you would be charging interest you could easily charge 6-8%. Where else are you going to put your money to get that return on investment that is practically guaranteed not to loose your initial investment.

    • tampatrader45 says:

      Good comments – I pretty much agree with most of your points. An investor may want more like 40 – 45% discount plus repair cost if they intend to turn the house around and re-sell quickly.

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