Special offer

You know, you're expensive!

By
Real Estate Agent with Jameson Sotheby's International Realty

"So," asked the owner of my upcoming new listing "is that really necessary?"

She was referring to my recommendations about her overgrown, undernourished, abused lawn.  The shrubbery was overgrown, the grass threadbare from children and dogs wearing it into a grass and dirt quilt.

"Yes", I answered.  "The landscaping in the front is a major part of our curb appeal.  And good curb appeal is one of the methods we'll be using in order to get people to click on our online listing, and then make an appointment to view the property in person."

"Well, but what about the landscaping in the back that you're recommending?  That's not part of 'curb appeal'."

"True enough" I replied "but it is an important part of that feel-good feeling that people will have once viewing your property.  And we will, of course, include photos of the backyard in our online presence, so it could become part of our digital curb-appeal."

"Okay, okay, but is it really necessary to replace the kitchen countertops, the sink and the faucet?  The Formica® is mostly in good shape, except for that little spot where the burning toast 'crisped' the countertop, and if we put a plant over it, nobody will notice... and that double-bowl stainless steel sink was cutting edge when we first bought it, and the faucet, while it does leak, only leaks right into the sink, so what's the harm?"

"If you'd like to try for top-dollar, as you've indicated to me that you would, we can't have a 'burned' countertop.  It's bad enough that it's Formica, instead of the Corian, Granite or even Concrete that buyers are looking for today, but burnt Formica holds even less appeal.  And no, we can't just put a doo-dad over the burn mark.  The sink probably was cutting-edge in 1954 when it was installed, but it's only 6 inches deep, and today, buyers are looking for those deep, deep undermount sinks that can hold an entire pot... and the leaking faucet... really, do I need to explain why a leaking faucet should be replaced?"

"All-right, all-right.  But the front door, and the basement floor.  The front door is fine, the lock just sticks a little, you have to wiggle it, and the paint's peeling just a little.  And you're recommending painting the basement floor with a grey paint.  I know the paint's peeling on the floor, but that's because we used to get water in the basement... but since we've put in the French Drains, and flood-control system we don't get any water anymore.  Can't we just "explain" that, and NOT paint the floor?" You're having me spend a lot of money!

"The front door is the very first thing that potential buyers see, it's our first-impression and we can't afford to make a bad one.  If the lock sticks, and they have trouble getting in, or they notice the peeling paint... you've made a bad first impression and it makes them immediately wonder what else in the home hasn't been properly maintained. We don't want them to ask that question.

And sure, we don't have to paint the basement floor ... but since the water-issue has been repaired... why would we want every viewer to 'wonder' about whether the basement still gets water or not?  When they look at the peeling paint on the floor, it'll cause them concern.  Why not make it look beautiful, so they can see that it's a good, clean, dry basement?"

"All-right... but if I do all of those things, can you guarantee that you'll sell it for me, at top dollar?"

"No", I said shaking my head slowly and smiling "of course I can't guarantee that... but I can guarantee that if you don't do those things we definitely will not get top dollar!

"I'll call the workmen this afternoon"... You know you're expensive!!

I know, but I'm worth it!

(251  -33)

Now, can we negotiate your commission?
that answer is "no".

Posted by

 ALAN MAY, Realtor®   
Specializing in Evanston Real Estate and North Shore Real Estate

Jameson Sotheby's International Realty, 2934 Central Street, Evanston, IL 60201
Office: 847.869.7300      Cell: 847.924.3313      Email: Almay@aol.com

Evanston Real Estate & North Shore Real Estate
Licensed in Illinois

   

Comments(84)

John Fennessey
Beangroup Real Estate - York, ME
Maine and NH. Representing Buyers and Sellers

Alan, good post and interesting content.  I have to say that on the burnt formica countertop, it really rang a bell.  I have a listing comming up and that was one of the things I seggested to the seller to address. I suggested a simple fix.  Instead of replacing the countertop, the 2 foot section where the burns and knife marks were from decades of food prep, we added a butcher block on top of it.  A nice added feature and much less expensive.  You can insewt it or lay it on top.  Wanted to pass that along. 

Jul 16, 2011 01:29 AM
Kate Akerly
Kaminsky Group - Manhattan Beach, CA
Manhattan Beach Residential Sales

I read a great quote from Lenn yesterday that is apropos.  "Can't the buyer's use their imagination?" - Yes. they will imagine how expensive it's going to be to take care of all these problems and imagine how much less they want to pay for the property because of it!"

Jul 16, 2011 01:40 AM
Teresa Tedder
Carolina Realty of Wilkes Inc - Wilkesboro, NC

I loved reading this!  Your conversation with the seller is comparable to ones that parents have with their children.  Calmly and kindly explaining the obvious, showing them the consequences of their actions, and not allowing them to let you lose your temper!  Raising 3 children is the  best training for real estate I have ever had!!!  Your post just confirmed that thought for me!

Jul 16, 2011 02:08 AM
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

So true, Alan.  It can be expensive to sell a house, but you're are right.  Top dollar requires a top condition.  Good stuff!!

Jul 16, 2011 02:52 AM
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home is where the hearth is.

Joan - great, that's just what I was trying to do.

Joan - I can be pretty persuasive.

Pamela - I know.. she said it with a smile... kinda in jest.

Elite - sometimes I can be more roundabout... but in this case... right to the front door.

John - we actually talked about that, cause I've done it in a former listing... but the burn on this one wasn't positioned well enough to accomplish that.

Akerly - yep.. that's just what they'll imagine... (amazing just how smart Lenn is, isn't it?!)

Teresa - we are called upon to be parent, friend, accountant, analyst, bartender and more... great training.

Mike - yep... ya want top dollar... it has to be in top condition.

Jul 16, 2011 03:23 AM
Russell Lewis
Realty Austin, Austin Texas Real Estate - Austin, TX
Broker,CLHMS,GRI

Me too...and worth every dog gone penny ;-)

Jul 16, 2011 03:48 AM
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home is where the hearth is.

Russell - I can believe it.

Jul 16, 2011 04:37 AM
Barb Merrill
Cactus Mountain Properties, LLC - Tempe, AZ
GRI, Associate Broker

Great post on saleability!  Buyers are looking for homes that they can move right into without doing all the little repairs and upgrades.  Yes!  They want perfection.

Jul 16, 2011 05:29 AM
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Alan - I agree that it's likely expensive, and it's also the best bet for getting top dollar.

Jul 16, 2011 12:22 PM
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home is where the hearth is.

Barb - some are not only willing to accept imperfect, but they're actually looking for fixers... but they want it at a fixer-price.

Christine - and there we have it.

Jul 16, 2011 12:35 PM
John Michailidis
Real Property Management of Sarasota & Manatee - Sarasota, FL
Real Property Management of Sarasota & M

I enjoyed reading your blog post. Thanks for sharing it!

Jul 16, 2011 05:56 PM
Kristi DeFazio
RE/MAX Advantage - Colorado Springs, CO
Colorado Springs Rea lEstate 719-459-5468

This is great! I can picture that counter top with the burnt toast! I love when the seller doesn't want to do anything and then says, "Well, I am not giving it away."

Jul 16, 2011 06:03 PM
Joseph Robinson
Coldwell Banker Paradise, Satellite Beach, FL - Melbourne, FL
Melbourne Florida Homes for Sale, MLS Real Estate Search

Haha.  Love the post.  I have two clients that come fresh into my mind.  Congrats on the feature.

Jul 16, 2011 06:46 PM
Hrisco & Associates
Hrisco & Associates - Roanoke, TX
Roanoke Homes for Sale - Roanoke Neighborhoods

Hi Alan, that is a really funny story, even funnier that it's true, wish you had a audio of it, would be even better.

Jul 16, 2011 07:56 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Alan,

Congrats on the feature..love your answer to the last question. How can any seller dispute that statement!

Jul 17, 2011 01:57 AM
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home is where the hearth is.

SaraMana - glad you enjoyed it.

Kristi - I think the burn mark is "added value".

Joseph - only two?

John - it could be a best-seller.

Dorie - oh, I can think of a few.

Jul 17, 2011 02:19 AM
John Fauth
Coldwell Banker King Thompson - Grove City, OH
Turning your dreams into an address!

Great post enjoyed it! Nice to see it as a converstaion you can actually picture all of this. This is worth re reading.

Jul 17, 2011 02:49 AM
Ridhi Raheja
Movement Mortgage (Illinois) - Naperville, IL
FHA, 203k, VA, Jumbo, PreApproval, Jumbo Home Loan

Alan, Great responses

Jul 17, 2011 03:10 AM
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home is where the hearth is.

John - feel free to re-read as often as you like.  no extra charge.

Ridhi - I thought so, too.

Jul 17, 2011 03:11 AM
Anonymous
Anonymous

I love that your not afraid to have those fierce conversations! The conversation is the relationship....

Jul 17, 2011 09:12 AM
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