Are you looking for homes for sale and buying a home in Princeton, Hopewell, West Windsor, and Montgomery? Are you preparing to sell your home in the greater Princeton area? This exercise can help you sell by getting in the mind of the buyer .

I read an article in New York Times Magazine once about an Emergency Room physician who was heaving a stroke while she was driving. She did not go to the ER until she was half paralyzed, could no longer drive and was barely able to call 911. This experience forever changed how she practiced medicine. When she became a patient herself, she saw many things in a totally different light.

Ladies, did you ever wonder if the male obstetrician/gynecologist  knows what he is talking, when he says: “it’s not going to hurt” and then it does hurt a lot. He is not a woman, how can he know? When the female doctor says the same thing, we know that she speaks from personal experience and this gives her more credibility.

How does all of this relate to homes for sale and selling your home in the greater Princeton area?  How to sell your home in Princeton now?

The answer is simple - if you are a seller, you have to put yourself in the shoes of the buyer to become more effective at what you want to accomplish. It applies not just to the real estate buyers and sellers but to real estate agents as well, if they want to better understand their clients.

For example, the goal of my blog is to give the readers an advantage by providing information that other buyers and sellers may not have. Yesterday I did a small exercise to put myself in real estate consumers place. I searched the information on the Active Rain, where my blog is, as if I were a real estate buyer and seller. It was very useful and I learned things that will have to be improved to make it better for my readers. Now, let's get back to how you can do a better job as a home seller.

If you are planning to sell your home in the Princeton area you need to put yourself in the buyers shoes. How can you do this? Try this exercise. Find a good agent and ask to see homes similar to yours and for each property ask yourself these questions:

  • Does it have more or less in terms of features?
  • Is it located in a better or worse location?
  • Is it in better or worse condition?
  • Would you be able to keep your home in better or worth showing condition?
  • What is the seller’s reason for selling now?
  • Does the house look wonderful, but has been on the market for 4+ months?
  • What were the price reductions, if any, when and for how much?
  • Have there been any offers?


Be honest with yourself and the answers may surprise you. Does the house look wonderful, but has been on the market for a while? Does the price seem too low or high compared to what you were considering? If there were offers what could be the reasons they were not accepted?   

The answers will reveal what the buyers are thinking. Apply “thinking like a buyer” concept, and you will come up with the best strategy for selling your home in any market.   

Your House Sold
I also suggest that the agents do this exercise to get a better perspective of being a seller or buyer in this market. They can also help you with your questions. I did the exrcise and will reveal the answers in my future post.

 

Please contact Faina Sechzer at 609-553-4175 when looking for real estate, homes for sale and/or listing your house to sell, and relocation assistance in Princeton, Montgomery Township, West Windsor, Hopewell, and Lawrenceville New Jersey. Referrals are accepted.

If you are moving out of the Greater Princeton area, please inquire about the countrywide relocation program.


Copyright   2007 Faina Sechzer All rights reserved. This information cannot be copied, reproduced, transmitted, distributed, displayed or published.


 
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8 Comments on Princeton real estate - Secret to sell now

NOV
26
2007
641,030 Points 104 Featured Posts Localism Sponsor Outside Blog Hit Router
Faina- That is funny because Nestor always tells the seller to put themselves in the buyers' shoes and he says he also does so he knows what needs to be addressed in making the house marketable. Sometimes the seller looks at us like, 'how dare you think like the buyer.' As if that is going to hurt you in the negotiations. It is not going to hurt you, it is going to help you. You must understand what the buyer is seeing and looking for in order to get your home sold! Katerina
12:12am • #1
18 Featured Posts Localism Sponsor
Katerina - the best marketing involves seeing a product from the perspective of the buyer. Then the best features that are important to the buyer can be emphasised and the home positioned best to compete in the market and sell.
12:45am • #2
452,859 Points 28 Featured Posts Localism Sponsor Outside Blog
Faina, I think your post highlights something that is very important but sellers find very difficult to do---looking at their home through the eyes of a buyer. If they could see that perspective, houses would sell much faster I think and it would show them changes that need to be made in either their homes or their pricing.
8:40am • #3
18 Featured Posts Localism Sponsor
Carole -this was the idea of the post. The analogies are there to make it easier to understand the concept of putting your self in the buyers shoes. Consumer product companies understand this concept very well by constantly testing the market, conducting focus groups and reacting accordingly. Home sellers have only one product to sell and it's their home -they have to know what marketing people do.
10:50am • #4
NOV
28
2007
479,909 Points 151 Featured Posts Outside Blog

Faina... this was a very good post with a few good analogies. And I thought you were having blogging issues? ;o)  Did the passion come back?  I am not a realtor, but a few things that you mentioned that I think are important. 1.. how you do your job, but from having experienced it as a consumer would. 2. Reading or viewing your blogs as if you were the consumer. I just did the same thing today and I added a change to my recent post. Overall, good job here.

jeff belonger
12:16am • #5

Jeff -the idea in the post can be applied to any profession -that's why I used the example with the doctors.

I am never lacking the blogging ideas, in fact I can provide them to anyone who needs them. On the other hand -as a businesswoman I want to make sure that blogging benefits my business since it requires a significant time commitment, at least the way I do it. Thanks.

8:11am • #6
479,909 Points 151 Featured Posts Outside Blog
Faina... no, I understood that. I was just trying to view it from a realtors perspective.   And I know you said you aren't lacking ideas, but when I said blogging issues, it was because of what you mentioned before. Meaning the passion part. And for the fact, trying to understand the results part of blogging. I pay attention.  ;o)
9:45am • #7
18 Featured Posts Localism Sponsor
Jeff-I know you are a dedicated blogger, important AR contributor and a friend. I appreciate your attention -we all benefit from sharing knowledge. Thanks.
10:09am • #8

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Faina Sechzer - Princeton, Montgomery, Hopewell, NJ Real Estate Expert

Princeton, NJ

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Henderson-Sotheby's International Realty

Office Phone: (609) 924-1000 x 144

Cell Phone: (609) 553-4175

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