Why Can't i Sell My House? Tips on  Selling Your Home

 


 
Reasons Your Home Wont Sell

Has your lawn grown up around that "For Sale" Sign?

Have the wasps moved into the lock box on your front door?

Did you just receive an invitation to your Real Estate Agent's Retirement Party?

If so, chances are your home fizzled.

Here are the most common reasons why homes don't sell and what you can do about it:

YOUR HOME IS OVER PRICED

Optomistic home sellers love to parrot the old adage, "There's a buyer for every home." But they often leave off the qualifier: "at the buyer's price."

The fact is that buyers, not sellers, ultimately determine the market value of a home. You can ask for the moon and set your listing price well above the comparable properties in your neighborhood, but at some point it will be up to you, the seller, to accept what the buyer thinks your home is worth.

Overpricing is the most common reason homes don't sell. When you ask an unrealistic price, it sets in motion a process that often works against you.. Here's why:

Most Real Estate Agents, and hence most qualified buyers, will see your new listing within 30 days. If it is overpriced by as little as 5%, it will be duly noted and interest in your property will wane, especially if you show no intention of coming off your asking price. You likely already priced out buyers who might have qualified for financing at a more reasonable price.

Even if you manage to find a buyer at your inflated asking price, the property may not appraise at that figure and the financing will fall apart.


GET READY TO MOVE!!!

(WHAT NEEDS TO BE DONE TO YOUR HOME FOR A QUICK SALE!)

According to the Experts, the next six months should see some much anticipated recovery. Interest rates are expected to stay LOW and inventory has begun to stabilize.

Sounds good to me!

It has been a hard year for sellers faced with over twelve months of a whole new market place. Homes that used to sell in 3 to 6 weeks have taken 3 to 6 months to sell. Even with all of the promising forecasts, it is more important thanever to be ready for the sale. Lets Get Ready To Move!

We've all heard that the first two weeks of exposure on the market are the most important when selling your home. It is absolutely true.

Price, Condition and Location are the three most important elements found in listing and selling your home.

The minute these three elements match, the home is sold. Buyers are sophisticated these days. The buyer who has already been out shopping is an educated buyer! In a market saturated with homes for sale, a sense of urgency is harder to create.

Homes must be PRICED right to attract these buyers. $5,000 too high in a soft market could turn into $10,000 too high if the inventory is increased. PRICE is very important in this market.

The next ingredient is CONDITION. WOW! I can't emphasize enough how important condition is. The fact is that for every $100 of repair your home needs, buyers like to subtract $1000 from the price. It is easy to say "Let's bid $5,000 or even $10,000 low" when the repairs would only cost hundreds.

The next thing to remember about condition is CLEAN!!! Clean is free! It is money in your pocket. It is VALUE to everyone! Clean, Clean, Clean!

Housing is a fashion business. Every few years, styles change. Updating as you can afford to helps maintain and increase the value of your home. Paint is inexpensive and can make a world of difference. Sometimes fresh carpet makes the difference. It may cost you $2,000 to recarpet your home or $15,000 off the price of your home if you don't.

Red shag carpet was the rage in the '70's, but not even good quality carpet from the '70's is the statement any longer today.

With so much new construction, there are a lot of decorated models available to view. Buyers love to walk through these homes and dream. Notice, NO CLUTTER!

They even take the doors off inside the models. Clean and clutter free is style. The way we live in a home and the way we sell a home are two different things.

You are moving! Get ready to move! Pack it up. A garage full of boxes is acceptable. A room with hundreds of stuffed animals is not.

Small kitchens with no counter space? Get everything off of the counters! Now we don't notice. Clean and clutter free appeals to everyone.

LOCATION is the third ingredient. We have all heard the phrase "Location, Location, Location". This means a lot of things: the best neighborhood, the best part of town, the best views, etc.

Location is a main ingredient for the sale. A beautiful home that backs to a highway will not sell for the same price as a home on an interior lot.

Sometimes, even if the home on the interior lot is not as beautiful, it can be made beautiful. The highway will only get busier. Does the home on the highway have value? You Bet! When buying the home on the highway, you GET a good deal. When selling that home, remember that you will have to GIVE a good deal.

Finally... HIRE A PROFESSIONAL!

An appraisal may tell you the value of your home, but a Real Estate Professional will interprete the market place. They know what your competition is and who the actual buyers are.

Your home is your biggest investment. While you don't want to leave any money behind, too high a price for for condition and location usually costs you in the end.

Price, Condition, Location. When they match, a sale happens!



YOU ARE NOW READY TO MOVE! GET MOVING!

Oh, by the way... if you know of someone thinking of buying or selling (refinancing) a home, who would appreciate the kind of service I offer, I'd love to help them. So, when you think of these people, just give me a call with their name and number. I'll be happy to follow up and tend to their needs.

13 tips for selling your home in winter

Sure, there are fewer buyers and the skies are gloomy. So warm and brighten up the place; make it look like a refuge from the weather.

 

What makes selling a home more stressful? Selling it in the middle of winter.

The lawn is brown, the weather is usually bad and, unlike the longer days of summer, you have less time to show it off during daylight hours.

But not everyone has the luxury of waiting until the traditional spring or summer home-buying season to plant that "for sale" sign. And while it's true that in most areas you'll probably have fewer buyers during the winter, you will have less competition from other sellers.

The season makes staging -- the concept of showing your house at its best -- even more important.

Be prepared to put a little effort into it. "It's more difficult to make something look really appealing this time of year," says Ron Phipps, broker with Phipps Realty in Warwick, R.I.

If you do it right, you can really make your house stand out.

1. Keep snow and ice at bay.

The top tip from realtors: If the buyer can't get in easily, the house won't sell. That means keeping walkways and driveways free of the frozen stuff. Just like trimming the lawn in the summer, you want to make the home look like it's been maintained. If you're away frequently or live in an area that's subject to bad weather, it can pay to hire a service to regularly salt or shovel the driveway and sidewalks.

2. Warm it up.

If you're showing during the winter, think "warm, cozy and homey," says Ken Libby, owner of Stowe Realty in Stowe, Vt., and a regional vice president of the National Association of Realtors.

Before a buyer comes through, adjust the thermostat to a warmer temperature to make it welcoming. "Sellers like to turn the temperature down because of heat costs," says David Ledebuhr, president and owner of Musselman Realty in East Lansing, Mich., and a regional vice president of the National Association of Realtors. "But buyers who come in and aren't comfortable won't stay long."

If you have a gas fireplace, turning it on right before the tour can give the house a little ambience, Libby says.

With a wood-burning fireplace, you've got to be a little more careful. If the house is vacant, don't chance it. But if you're still living there and will be there during the tour, it can be a nice touch.

Many times, sellers leave right before the agent and prospective buyers arrive. In that case, adjust the heat to a comfortable temperature and have the hearth set for a fire. Buyers feel the warmth and see the potential, and you don't have to worry about safety concerns.

3. Take advantage of natural light.

"Encourage showing during the high-daylight hours," Ledebuhr says. At this time of year, "if you show after work, you're totally in the dark."

Make the most of the light you do have. Have the curtains and blinds cleaned and open them as wide as possible during daytime showings. Clean all the lamps and built-in fixtures, and replace the bulbs with the highest wattage that they will safely accommodate. Before you show the house, turn on all the lights.

4. Get the windows washed.

"Buyers act on the first impression," Ledebuhr says. Windows are one thing that many sellers don't even consider. In winter, that strong southern light can reveal grime and make it look like the home hasn't been well-maintained.

5. Play music softly in the background.

To create a little atmosphere, tune the radio to the local classical station. Turn it down so that you barely hear it in the background. "It's soothing," says Libby, who finds that soft classical music tends to have the most appeal to buyers. "I think people tend to stay around a little longer and look a little longer."

6. Make it comfortable and cozy.

Set the scene and help the buyers see themselves living happily in this house. Consider things such as putting a warm throw on the sofa or folding back the thick comforter on the bed. Tap into "the simple things this time of year that make you feel like you're home," Phipps says.

7. Emphasize winter positives.

Is your home on a bus route or some other vital service that means it's plowed or de-iced regularly in bad weather? Be sure to mention that to the buyers.

8. Set up timers.

You want your home to look warm and welcoming whenever prospective buyers drive past. But you're not home all the time, so put indoor and outdoor lights on timers, Phipps says.

Look at the outside lighting around the door. Is there enough illumination to make it inviting? If not, either get the fixtures changed or have new ones added.

9. Make it festive.

Even if you're not actually going to be present, greet your buyers as if they were going to be guests at a party, Phipps says. Set up the dinner table with the good china and silver. Have a plate of cookies for your guests, some warm cider or even chilled bottles of water.

"First impressions are so powerful," Phipps says. "If it looks like you're expecting me and greeting me as company, that's a powerful impact."

10. Give the home a nice aroma.

The No. 1 favorite? "Chocolate chip cookies," Libby says. "Just about everybody likes that smell."

Other popular scents: cinnamon rolls, freshly baked bread, apple pie, apple cider or anything with vanilla, cinnamon or yeast.

"But don't overdo it, either," Ledebuhr says. Scented candles in every room or those plug-in air fresheners can leave buyers wondering what you're trying to mask.

Watch the bad smells, too. Pet smells, smoke and musty odors can cling to curtains and carpets. Ask your real estate agent or a friend to give it a sniff test. Then clean the house, air it out and replace drapes, carpets or rugs before you show it.

11. Protect your investment.

Some sellers (or their agents) will ask buyers to either remove shoes or slip on paper "booties" over their footwear before touring the house. Many buyers like that, Phipps says. It indicates a "pride of ownership and meticulousness that resonates with buyers," he says.

12. Use the season to your advantage.

While the holidays are over (and the Christmas and Hanukkah stuff should come down), you can still use winter wreaths and dried arrangements around the door to spark interest. "Anything seasonally appropriate is fun," Phipps says.

In the winter, with the leaves off the trees, you might also have a nice view that isn't as apparent in the spring and summer months. It's a great time to sell waterfront properties, Phipps says. "You can see the views better this time of year."

13. Consider the area.

In some parts of the country, such as ski areas or warmer regions where the snow birds flock, winter weather can actually be a selling point. "We're right in the middle of our selling season," says Libby, who is located in Vermont. "It's not always spring and summer."


 
Keller Williams Realty

Tony Squillante
Keller Williams Realty
9191 Sheridan Blvd. Ste 310
Westminster, CO 80031

Business: (303) 467-8252                                                                                                 
Fax:         (303) 452-2748
Cell:         (720) 838-0320
E-Mail: homestony@comcast.net



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