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Tidewater Talk

Are you preparing your sellers?

By: Shelly Constantz
Friday, August 24, 2007 11:59 PM

This is a buyers market and buyers are asking for the world.  Are you preparing them?  I am.  I tell my sellers to expect the following:

Expect to pay closing costs and prepaids (up to 3%) for the buyers.  So why not offer some, if not all,  right up front?

Be prepared to have to fix everything on the inspection report, so why not get your inspection NOW and get it fixed the way you want to, so it isn't a problem when we get an offer?

Be prepared to have the buyer to ask for your: drapes, refrigerator, washer, dryer, or anything else they see in your home (so if you want to keep it, get it out of the house NOW). 

Do not expect a bidding war on your home.  Those days are gone.  Although, yes I have actually seen some multiple bids this past summer, they were fewer and further between, the house was in pristine condition and priced to sell.  It could happen, but don't expect it.

Do go into each and every room in your house and edit by at least 1/3.  One third of the "stuff" and 1/3 of the furniture.  Do not empty the house, but edit.  When in doubt, it should go.

Do paint.  If you are wondering if you should, then yes you should. 

Do make your home available to be seen when the agent/customer requests it.  They have too many choices and may not return to see yours at a time that is better for you. 

Do spend the time on the front of your home.  Spending a few dollars sprucing up the front will help get the buyers through the front door.  Powerwash your home, especially the front.  Get a new welcome matt.  Add some fresh, REAL flowers to the garden beds and put some pots out front.  Invite folks in as if you are having a party.  Don't clutter your front, but make it inviting.

Do price your home correctly.  Don't assume that someone out there is willing to over pay for your home just because you have a bigger lot, you NEED it, or any other reason. They don't have to and they won't.

Do realize this is a competition, and for us to win ALL the players must be commmitted. 

Do you have any others that you share with your sellers?  I would love to add them to my list.

 

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Comments

Radley Reiff
Member Since '04

Radley Reiff said:

And?

August 24, 2007 7:21 PM
Shelly  Constantz
Member Since '07

Shelly Constantz said:

And, what?

August 24, 2007 7:23 PM
Craig Barrett
Member Since '07

Craig Barrett said:

Excellent post Shelly and very timely. You've got a very comprehensive list. Since it's summer, I thought I might add a couple outdoor "must do's". Make sure the pool is spotless and the water is crystal clear. Cut the grass, edge the sidewalk, weed the garden and flower beds, trim the shrubs, cut back any overgrowth and patch any bare spots.

August 24, 2007 7:25 PM
Gary Szolosi
Member Since '03

Gary Szolosi said:

Pets need to be gone or caged.

August 24, 2007 7:29 PM
Phil Anderson
Member Since '04

Phil Anderson said:

GREAT LIST Shelly!!!!  Thank you for sharing it!

August 24, 2007 7:31 PM
Mary Welch
Member Since '04

Mary Welch said:

Smoke outside until your house sells. If you smoke a cigar, smoke in the next block, downwind. :)

August 24, 2007 8:18 PM
Shelly  Constantz
Member Since '07

Shelly Constantz said:

That's right Mary.  and do not leave your ashtray outside where it can be seen.  They will know you are a smoker and "assume" that you smoked  in the house.  and of course, Febreeze, Febreeze, Febreeze!

Shelz

August 24, 2007 8:21 PM
Radley Reiff
Member Since '04

Radley Reiff said:

So?

August 24, 2007 8:22 PM
Shelly  Constantz
Member Since '07

Shelly Constantz said:

So Buttons!!

August 24, 2007 8:23 PM
Radley Reiff
Member Since '04

Radley Reiff said:

Okay Shellz, I like you (In fact I ADORE you) so I will actually read your post and spit out a real answer..... coming soon.

August 24, 2007 8:23 PM
Shelly  Constantz
Member Since '07

Shelly Constantz said:

Radz, you know you are my one true love.  I am waiting with baited breath.....

August 24, 2007 8:25 PM
Radley Reiff
Member Since '04

Radley Reiff said:

Just Read the post and it is SPOT ON..... I will not mess with existing perfection.  Shellz, you "get it"... and "got it" ... and "own it'

Actually, this is a VERY good post and I congratulate you on your wisdom and assertiveness!

Shellz Rockz !!

August 24, 2007 8:26 PM
Shelly  Constantz
Member Since '07

Shelly Constantz said:

Why thank you Radley.  You are a gentleman and a scholar!!

Shelly

August 24, 2007 8:34 PM
Rochelle Walker
Member Since '06

Rochelle Walker said:

Mary said - Smoke outside until your house sells. If you smoke a cigar, smoke in the next block, downwind. :)

But if you did smoke in the house before you put the home on the market Wash the windows and blinds, get the drapes and carpet cleaned and maybe the sofa and chairs if they are cloth.

Finally, bake something before you leave home or find a good scented candle...

August 24, 2007 9:14 PM
Candice A Donofrio
Member Since '07

Candice A Donofrio said:

Yes . . . the prelisting inspection is an excellent idea.

DO inform me of any changes you make to your property during the listing term. I want to know if you change out an appliance, remove a fixture or paint a wall.

DO refer any questions from a buyer or their agent to ME.

DO remove any valuables prior to photos being taken. Lock up or safe store anything you prize.

DO be aware that your home's photos and images will be plastered all over the Internet. Make every effort that your home will look as good as those images EVERY DAY.

DO read this article written by a very wise R:

http://realestatebhc.com/libraryimages/HomeSellers.PDF

Our board last year got new ERTS (listing agreement) forms approved that are looooong, but they are very interactive. Addresses a lot of this stuff. Initials everywhere. I hate extra paperwork but I like it for that reason. RISK REDUCTION!

August 24, 2007 9:33 PM
Howard Arnoff
Member Since '03

Howard Arnoff said:

Shelly, planning and preparation are the key to successfully selling a house. I loved your concept of "edit".

August 25, 2007 5:13 AM
Cathy  Clark
Member Since '06

Cathy Clark said:

Great Post!

August 25, 2007 6:36 AM
Jana Davis & Virginia Houghton
Member Since '05

Jana Davis & Virginia Houghton said:

Now we just need to know how you prepare your buyers!

Jana

August 25, 2007 3:16 PM
Sharron and Steve Lobman
Member Since '06

Sharron and Steve Lobman said:

Great post!

August 25, 2007 5:13 PM
Vanessa Stalets
Member Since '07

Vanessa Stalets said:

Great stuff from all here!

The only other thing I have is to be ready and willing to negotiate with buyers. Everyone wants to feel like they got a "deal".Often I have sellers who want to leave appliances etc with house. I will hold that out of MLS etc and bring in later at negotiations.I also often recommend a home warranty, the buyer feels reassured and it is an easy way to stand out a bit more. Sometimes helps..Open blinds and drapes if they know a showing is coming.The others here have such great ideas and yours are already pretty darn comprehensive. I am writing down yours! Clean, neat and bright! That gets it done~

:.)

August 25, 2007 5:59 PM

Guest

Jacquelyn Gyug said:

A huge thank you to everyone who contributed to REliberation in the month of August! There were a lot

September 4, 2007 10:00 AM

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Shelly Constantz
Virginia Beach

Shelly  Constantz
Member Since '07

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