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Sellers - Do You Look at Your Home As a Seller or a Buyer?

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

Sellers - Do You Look at Your Home As a Seller or a Buyer? 

Selling your home can be a challenge, especially if you are going to really miss your home, or have been there for a long time. 

Getting your home ready for saleMany sellers have a hard time looking at their home from an unbiased perspective - and you may too, since you have built many memories while living there. It's likely hard to consider the maintenance issues and undone repairs that you have lived with, for whatever reason, and to see them as something to be concerned about when you go to sell. 

You need to know, however, that buyers WILL scrutinize your home both inside and out, and look for defects and repairs that they feel justify a lower price than you are asking...rightly or wrongly. 

So, are YOU looking at your home simply as the seller, or as a prospective buyer?? 

Unless your home is truly immaculate and newly built, it likely has some maintenance or repair issues. That's just the reality of home ownership, especially if you have been there for a while., or unless you are really obsessive about maintenance. Most folks aren't from what I've seen. 

Some homeowners are quite good at keeping things in shape, but I suspect many have problem areas that should be addressed...stucco that needs patching, carpet stains, wood that has some rot, bushes that need trimming, paint that needs freshening... the sorts of things that are on everyone's "list to take care of some day" but which never gets done.

And it can be easy to overlook some small problem areas, or perhaps not even recognize them as issues because you have lived with them for so long.

 

Beware!

While YOU might not think these things are a big deal, because you live with them, buyers will.

 

Overgrown yard that could use a little workYeah, they may love the home when they walk in but trust me they are looking for defects or deferred maintenance, and once they find something, no matter how small, the looking will continue.

You see, once they see some repair issues they will wonder what else may be wrong or need fixing. 

So don't make the mistake of taking the approach that these issues are small and unlikely to make a difference.

A savvy seller these days will take the perspective of a fussy buyer looking at their home, inside and out, and take the time and spend the money to make as many things right as possible. Or get someone in to do it. Often it's the small things that matter. 

Is this easy to do? Nope. But if you really put yourself into the mode of scrutinizing your home as a buyer, and perhaps thinking back to when you were buying, it'll help. And it doesn't hurt to ask a friend to help you do this. 

Of course a good REALTOR will be able to help you pinpoint those things that really should be taken care of before you go live with your listing.

 

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All content copyright © 2010 Jeff Dowler Carlsbad Homes and Real Estate Tidbits

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Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Jody Keating
Jody Keating Connective Realty,LLC, Bryan/College Station,TX - Bryan, TX
Broker/MM/Realtor, Bryan / College Station, TX

I always try to stress to sellers that they need to change their perspective of their home. One tool I use is to have them ask their family and friends to a walk thru as if they are sellers and be brutally honest with what they see. Also, if the friends or family offer to help with the repairs or decluttering then the pain of the truth won't hurt so bad !

Jun 14, 2010 08:38 AM
Nancy Conner
Olympia, WA
Olympia/Thurston County WA

Great stuff!  It is so, so hard for sellers to see with unbiased eyes.  And even when they can it seems like they are either a bit embarrassed at what they have ignored that now should be dealt with, or they truly don't understand why, if they lived with it, the buyers can't have that tolerance as well. 

Jun 14, 2010 08:52 AM
Nathan Tutas
Tutas Towne Realty, Inc. - Davenport, FL
Your Central Florida Real Estate Expert
Great point, it's very easy for us to have tunnel vision and forget about the small things. This might not have mattered so much during the boom but nowadays, when your competition is so strong, a seller has to take every advantage they can get. Great post!
Jun 14, 2010 08:56 AM
Ted Tyndall
Davidson Realty Inc. - Saint Augustine, FL
I will help You find the Home YOU want to Buy

Jeff, good article. You are correct. People get hung up on one item and start looking.

Jun 14, 2010 10:24 AM
Rob Lang
At Home Kansas - Shawnee, KS
Local Expert in NE Central Kansas Real Estate Home

 I think multiple eyes are helpful (on multiple walk-throughs). Sellers should try to walk through and see their house with new eyes, perhaps a trusted friend to point out needed touch-ups, myself, or a stager.

Good advice, thank you for sharing.

Jun 14, 2010 10:25 AM
Tammi Copsey
Perry Hall, MD

Great blog!  One thing I do to combat "seller vision" is to take the sellers on a tour of the competition (including a model home in the area if possible). 

I give them a customer summary of each property and a pen to write notes.  On the back of the customer summary I print a brief questionnaire and have a notes section they can write what they saw inside/out and how the home made them feel.  It ends with two questions...1) Would you buy this home?  2) If no, what is the reason? 

There is nothing like being reminded of "buyer vison" to make them really think about their house as a business transaction, not the home they live in. 

Jun 14, 2010 10:40 AM
Marianne Cherico
Interiors by Marianne Cherico - Foxboro, MA
Home Stager -Massachusetts and Rhode Island

Jeff,

I couldn't agree with you more. Buyers these days are tougher than ever and expect "turn key". If things are not the way they want they start talking themselves out of the house. My mantra is "price it right and present it well and it will sell". The otus is on the Seller!

Marianne

Jun 14, 2010 11:16 AM
Eric Michael
Remerica Integrity, Realtors®, Northville, MI - Livonia, MI
Metro Detroit Real Estate Professional 734.564.1519

Sellers look at their homes like sellers. They don't see the things that buyers will, and even after we point them out, they still think that it's no big deal or that the buyers "won't notice that."

Jun 14, 2010 01:11 PM
Anna Tolstoy
Coldwell Banker Residential Brokerage - Natick, MA

Another thing I heard from seller: "but they (buyers) can do anything they want with the house when they buy it!" Fixing things, and doing even small remodeling projects is a hassle, we all know it. And nobody really wants this hassle. Especially if one needs to hire someone to do the job, or even part of the job. On top of expenses, people start thinking about the hassle of finding a contractor or handyman, of negotiating with him, dealing with him and the crew if issues arise, and having - or not having - a good product in the end. 

And even if you can make changes and small fixes yourself, it means time, effort, money, just plain being organized, and again no one wants the hassle...

So both buyer and seller often see the problem, but no one wants to make a move.

Jun 14, 2010 02:05 PM
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

It is imporant to stand in the shoes of the buyer; for som, being subjective is very difficult.

Jun 14, 2010 02:24 PM
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Most sellers believe they own a castle, instead of a bungalow.

Jun 14, 2010 04:09 PM
Michelle Yackel
Divine Redesigns - Atlanta, GA
ASP, IAHSP

So true!  I agree with the others who have said it's difficult for sellers to detach emotionally from their property and see it through buyers' eyes.

Jun 14, 2010 04:12 PM
Irene Kennedy Realtor® in Northwestern NJ
Weichert - Lopatcong, NJ

Jeff,

Just another reason why I love teaming with stagers!

Jun 15, 2010 12:27 AM
Kathryn Maguire
GreatNorfolkHomes.com (757) 560-0881 - Chesapeake, VA
Serving Chesapeake, Norfolk, VA Beach

This is a great post!  And most sellers ARE buyers.....they are going to BUY their next home.  I like to turn the tables on them about the house they are looking to buy.

Jun 15, 2010 01:07 AM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Jeff, very good points. However, most sellers have an emotional attachment to their homes and often do not see the defects. Good Post!

Jun 15, 2010 01:46 AM
Pam Turner, REALTOR®, e-PRO®, SFR
Century 21 Belk Realtors Dalton GA - Dalton, GA

Yes, some of the 'selling points' sellers point out are actually ridiculous -- like 'Two Homes for the Price of One!' for a home with a partial basement containing a tiny bedroom, tiny bath and only outside access. The main level of this older brick ranch had small rooms and one bath -- they wanted to price it like a new construction with twice the footage. I passed.

Jun 15, 2010 01:51 AM
Kat DeLong
Realty ONE Group Mountain Desert - Prescott, AZ
REALTOR

My advice to sellers is "always put on your buyer's shoes...."

Great post, Jeff.

Jun 15, 2010 03:16 AM
Damon Gettier
Damon Gettier & Associates, REALTORS- Roanoke Va Short Sale Expert - Roanoke, VA
Broker/Owner ABRM, GRI, CDPE

Great blog and great point of view.  Sellers really do need to look at their house as a buyer and not a home owner.

Jun 15, 2010 03:44 AM
Lori Liveston
Virtual Homes, Real Estate - Waltham, MA

There is so much competition within your neighborhood that you need to see your house with fresh eyes if you want to sell it.  Buyers CAN afford to be very picky in my market right now... and as a buyers agent, trust me, they are!

Jun 15, 2010 05:19 PM
Karen Feltman
Cedar Rapids/Iowa City, IA KW Legacy Group - Cedar Rapids, IA
Relocation Specialist in Cedar Rapids, Iowa

I tell my sellers that it is a pricing war and a beauty contest, the prettiest houses sell immediately, and the rest sit on the market.  For unreasonable sellers, I take them on a trip in my car to comparable listings in their price range to put them in the buyer mindset.  Usually that helps them see what the buyers are seeing.  Great post!

Keep smiling,

Karen

Jun 16, 2010 03:28 PM