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Steps to Selling A Home in Today's Market:

By
Real Estate Agent with License # 01767321 BRE# 01767321

1.  In today's market, pricing is the absolute, the most important thing to consider.  You need to be competitive and sometimes that means competing with foreclosures and short sale prices.  Now, I know that is simply not what you want to hear, but it's true nevertheless.  If your home is priced too high, you may never get a buyer to step foot inside your door.  Why would they, when everyone is looking for a bargain and your price tells them it's not your home!  Let me give you an example:

    Buyers determine value by comparison shopping.  They look at the price of your home based on its features and upgrades and compare it with features and upgrades of similar homes that have sold recently or are currently on the market. 

    So, if you were going to purchase a new stereo system, and one store had that system for $500 and another store had the same stereo for $500 but it had a cassette deck and a turn table for your old vinyl records, which would be more valuable?  The stereo with the upgrades, of course!  

    But now, the first store put the stereo with no upgrades on sale for $250.  Which would be a better value then?  The stereo with the lower price because you can buy your own turn table and CD player probably for less and have it be more custom to you!

So you can see that if you want to increase value you either have to lower the price or add upgrades and features.  This applies directly to the sale of your home.

2.  Unclutter your life! and your home.  It's difficult for prospective buyers to separate what they see and what is under all of that stuff.  Believe it or not, there is also such a thing as too much furniture that can make the rooms look smaller.  Please keep your knick-knacks, etc. to a minimum so the space will have a more neutral feeling to it. 

3.  I know sometimes it's hard, but you need to keep your home in good condition for showing at a moments notice.  This may include changing some habits such as smoking.  If you smoke indoors, a buyer can definitely tell and this detracts from the quality of your home.

4.  Now it's time for open houses.  It is imperative that you allow your home to be seen and an open house is a good way to accomplish that very thing.  Usually the frequency of the open houses is two times per month.  In the beginning I recommend possibly one or two more.  In the past, Sundays have been the open house day, but in today's market you have to add Saturdays and a weekday such as Thursday.  Of course this will not all be in one weekend, unless you wish, and will vary from week to week.  

It is my job to coordinate these things with you to ensure a smooth process and make it easy on your existing life.  If you have any questions or concerns at any time, don't hesitate to call or email me.

Posted by

Serving the 210 Corridor - the cities of Monrovia, Duarte, Azusa, Glendora, San Dimas, La Verne, Claremont, Upland, Pomona, Chino, Chino Hills, Rancho Cucamonga and Fontana - wherever the need arises.

Warmest Regards,

Linda K. Mayer, Realtor, SRES

License # 01767321

A Realtor you can Trust!

(626) 824-8927 Cell

LindaKMayer@live.com 

 

 

 

 

 

 

 

Comments(7)

Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

Pricing and presentation is key. Excellent points. Thanks to Russel Ray for the re-blog or else I would have missed this one!

Aug 13, 2011 12:25 AM
Not a real person
San Diego, CA

I left a surprise for you in my blog this morning. Let me know when you find it. What? You thought I was going to tell you exactly where? Ha! This comment is a clue, though.

Happy Saturday!

Aug 13, 2011 12:44 AM
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

Nice list, Linda. I’m especially glad that you included open houses. I love open houses although few agents here like them. Since I’m pretty much a buyer’s agent, I do a lot of open houses for other agents and get a lot of business, even having had success getting purchases offers on the houses I hold open.

By the way, I came over here via Russel’s Golden Oldies.

Aug 13, 2011 04:33 AM
Linda K. Mayer
License # 01767321 - La Verne, CA
Realtor, SRES, SoCAL, A REALTOR YOU CAN TRUST

Russell: Thank you!  I am so honored.

 

Jim: I love open houses, too! I just hate putting out the signs! LOL

Aug 13, 2011 06:35 AM
Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

I'm listing a house this week and the seller requested no open houses. I know this means my photos must be top-notch and plentiful--I'll post the maximum.  There must be a virtual tour and a floor plan--open houses are usually an important aspect of my marketing plan so this will be interesting.

I'm finding open house attendance is dwindling--more and more people search online and don't like to drive all over town.  It was much more effective a few years ago.

Aug 14, 2011 08:33 AM
Linda K. Mayer
License # 01767321 - La Verne, CA
Realtor, SRES, SoCAL, A REALTOR YOU CAN TRUST

Hi Norma, thanks for taking the time to stop by.  Yesterday there were more than ten open houses all right close to where I live.  And in driving by some of them, they seemed to be getting a lot of people.  Maybe open houses are by area as well as pricing.  I'm not quite sure.

But I also have a buyer who was driving around areas and giving me addresses.  I told her not to waste her gas but she insisted - at first.  Then as more of those homes were not actually available for sale (in escrow, on hold, autions etc.) she has finally taken my advice and looked more and more on the internet.  It's funny what people think sometimes.

Aug 15, 2011 04:11 AM
EC, JF, Double R and Zoey the Cool Cat
Russel Ray Photos - San Diego, CA

I feel sorry for you Realtors who have to try to convince the clutterbugs to get rid of their clutter. It just isn’t going to happen.

Aug 15, 2011 11:46 AM