Wednesday, August 30, 2006

Tip 61: Am I missing the sugar?

Before you even sit down to word that ad for the papers, think about the ingredients of the recipe for successfully selling of your house.

There are five ingredients you need to have, according to Barb Schwarz, a successful realtor. Let’s take the first
ingredient: location.can’t physically uproot your house to take it to a better location. Note that the price of your house must realistically reflect its location.

Tuesday, August 29, 2006

Tip 60: Ah, the old reliable…the bulletin board!

Go one step further: use the public bulletin board to post your house sale. Don’t forget to leave tabs with your telephone number that can be torn out of the main sheet so that people can call you or pass them on to their friends.

Post a clear picture in color with your ad on the bulletin board. You know how the saying goes - a picture is worth a thousand words.

Tip 59: Can the company help me?

After you tell your colleagues, target=_top>Click Here!

speak to the human resources manager of your organization and tell her that if there are executives relocating to your area, you have a house

to sell.

You’ll never know what the human resources individual can come up with.

Someone may actually be moving to the area to take up a position in your organization; or your human resources manager may have been approached by other human resources professionals you have a house

who are desperately looking for houses for their expatriates or returning executives.

Monday, August 28, 2006

Tip 58: Word of mouth is just as powerful as advertising

Ask your office colleagues to tell their families and friends about your house sale.They may know of people who are moving into the area and looking for homes.

The more colleagues you tell, the more you increase your chances of reaching people you don’t even know. After you’ve told
them, follow up after a week and ask if they had any questions about your house that you’d be pleased to clarify.Make it known to them that you’re serious about selling, that way they take you seriously and some of them will even want to help you.

Saturday, August 26, 2006

Tip 57: Reach out far and wide!

Your announcement can be published in the national and local community paper . The more people you reach, the more prospects you have. You may also announce in trade papers that are published by real estate associations or the housing authority.

Use as many resources as you can. You have no idea how much more successful you will be in selling when there is a larger audience involved.

You may be slightly inconvenienced by the number of inquiries you’ll get, but if you want to sell that house in a hurry, it’s a question of statistical proportions.

The more you spread the word around in the media, the more people you reach.

Category 6: Letting the Word Out: “I’m Selling my House!”

Okay, you’ve had your house inspected and you’ve done your own inspection.It’s time to let the word out.

You can announce the sale of your house through word of mouth or putting an ad on your paper.

Do an experiment: tell your colleagues at work that you’re selling your house.Make a note of the questions they ask. Their questions can serve as an accurate indication of what prospective buyers are also likely to be asking you.

Friday, August 25, 2006

Tip 55: Bring in a contractor.

Some people actually think it’s a goodidea to bring in a contractor to have a look at their homes after the professional inspection.

Because they know their business inside out, some contractors specialize in preparing homes for sale,and can tell you what should be fixed and what should be left alone.

They can help you save precious dollars.>Show them all of the inspection reports. With the contractor’s opinion and the home inspection reports in your possession, you should be able to decide what to fix and what not to fix.

Thursday, August 24, 2006

Tip 54: I wish you hadn’t done that…

Undertaking major renovations may come out of the goodness of your heart, but have you ever thought of looking at the other side of the coin?

What if the potential buyers don’t particularly like the renovations you’ve done, and would have preferred to renovate the house themselves?
When an individual goes out looking to buy a house,that individual is not just buying a physical piece of property but is also thinking of making his future house an extension of his personality and his lifestyle.

So if you’re thinking of renovating your house before selling to make it look more presentable, those good intentions may backfire. That’s why it’s always good to gauge a buyer’s plans about your house when he/she first makes contact.

Wednesday, August 23, 2006

Tip 53: Hold your horses!

Here’s what some experts are also saying about undertaking major repairs. If it’s going to If it’s going to cost you an arm and a leg and substantially reduce the sale price of your home, think twice.

For example, your house costs $200.000.00 in the market. You’re thinking of selling it for $250,000.00 – to make a neat little profit of $50,000. Repairs will cost you $30,000.00 that reduces your profit by $20,000. Are the major repairs worth that measly profit?

Crunch some figures before you undertake those major renovations.

Tuesday, August 22, 2006

Tip 52: For you or the buyer?

Some experts say that little repairs that can potentially annoy you or your buyers must get fixed.

Getting small, minor jobs done will help increase your chances of selling your house.

But getting big things fixed,they say, will only mean profits for the contractor and buyer, not you. This is a matter of personal opinion.

If you take integrity and professionalism to heart,you can proceed with the big repairs and cough up the expense.

Monday, August 21, 2006

Tip 51: So, how many insects do you have here?

What about broken screens that have ugly-looking holes gaping at you and your visitors? A simple thing such as broken screens can be a huge turn off so show consideration for your buyers by taking care of these minor fix-its.

Sunday, August 20, 2006

Tip 50: Is this door going to fall on me?

Does your house have doors that sag, don’t close properly , squeak or have a knob missing?

There are beautiful ready-made and custom-made doors in your local home centre, so why don’t you pay them a visit; get an idea of what kind of doors would breathe life into your house?

Saturday, August 19, 2006

Tip 49: That noise is driving me nuts!

Has that leaking faucet been bothering you lately? You can be sure that minor things like leaking faucets can make buyers hesitate.

Faucets that have been leaking for some time demonstrate a homeowner’s negligence regarding basic maintenance.

Friday, August 18, 2006

Tip 48: Did you inherit these doorknobs from your grandmother?

Try not to overlook old doorknobs and plates on light switches.If they look lifeless
and worn, replace them to liven up the living areas.Try to go for neutral designs.

If your buyers are young, upward mobile professionals, you could go for bolder designs Make sure that whatever

you put on, the buyers can take them off easily should they decide to do so.

Thursday, August 17, 2006

Tip 47:You and I are different.

Little things that make a difference are thosetasks or jobs that you’ve somehow delayed or never got around to doing.

Remember that what may be petty to you may not be petty at all to your prospective buyer. No two people think the same way. Selling and buying a house are two different perspectives, two different people, and two different mindsets.

Wednesday, August 16, 2006

Tip 46: It’s the law, sir.

Fix house problems because the law requires you to.These are usually
environmental in nature or hidden hazards that can cause health problems for the buyers and their children. Examples are lead paint and asbestos removal, and harmful insulation material.

Tuesday, August 15, 2006

Tip 45: Is there an expert around?

In terms of repairs and fixes,follow the advice of Bill Effros: there are three categories of things you should fix:

· Legally required repairs;
· Little things that make a BIG difference;
· Big things that make a HUGE difference.

Monday, August 14, 2006

Tip 44: If I were buying this house…

After you’re satisfied that the professional inspectors did their job correctly, act like one. Take one, long last look.

Put on your eagle eyes, and ask yourself: if I were buying this house, what would I want done or repaired?

Sunday, August 13, 2006

Tip 43: Show that you mean business!

When the professionals have done their inspections and all reports are in your possession, make copies.You’ll want to have as many copies of each report at arm’s length, so you’re not scampering around for them at the last minute.

Show buyers that you’re acting conscientiously and being considerate of their concerns.This will indicate clearly that you’re a serious seller – and a professional one.Make sure the dates are clearly visible on each and every report.

Saturday, August 12, 2006

Tip 42: Actually, now that you ask…

Show all repairs in a written report to all prospective buyers.This will eliminate unpleasant surprises later that might delay the sale. Disclosing all house defects and problems will help reduce the time or process leading to the final sale.

Non-disclosure can even cause a re-negotiation of the sale price if the buyers discover the defects themselves.If there is anything you don’t want, it’s being forced to re-negotiate the price down because of non-disclosureof a fact that you were legally required to disclose.

Friday, August 11, 2006

Tip 41: What’s that smell?

If you have a septic system, have a percolation test performed.If rsepairs are necessary, you either repair them before you sell, or disclose them to the buyers. Don’t kill your chances of selling your house because of this detail.

Thursday, August 10, 2006

Tip 40: The well’s run dry.

Don’t overlook details that can jeopardize the sale or put you in an awkward position later.

If you have a well (most homes out in the far country still have wells!), have this inspected.
If you have a
written report, show this as well to the buyers.

Tip 40: The well’s run dry.

Don’t overlook details that can jeopardize the sale or put you in an awkward position later.
If you have a well
(most homes out in the far country still have wells!), have this inspected. If you have a written report,
show this
as well to the buyers.

Wednesday, August 09, 2006

Tip 39: This isn’t a multiple choice test.

See to it that the professional inspector orhome inspection company you hired provides you with a well written report.

The fill-in-the-blank formsand check boxes type of report may be accurate, but a written, detailed analysis looks better to buyers.It demonstrates to them that you’ve done your sacred duty as seller.

Tuesday, August 08, 2006

Tip 38: The radon test?

Experts love to mention the radon test.
If you run a radon
test in your house, this is a huge plus in the eyes of buyers. The longer the radon test,
the more accurate
are its results. High radon levels can be fixed. Always do retests, and provide results to your buyers.

Monday, August 07, 2006

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Tip 37: Time to go “pro”

going around inside and outside to see what needs to be improved.

Now it’s time to closely inspect your home for hidden defects.It’s time for a professional inspector. Get him to examine those details that can make or break a deal.

One is the electrical wiring.A fire caused by faulty wiring is serious business. Instead of enjoying the cash from the sale of your house ,your hard-earned equity is going towards paying damages and lawyers’ fees.

Sunday, August 06, 2006

Tip 36: Even well-meaning friends can derail you!

Stay focused. Don’t surround yourself with friends who like to foretell gloom and doom. “You might regret it, or “There’s just too much stress handling the sale yourself ,let the experts do let the experts do what they’re best at”.

These pieces of advice, no matter how well-intentioned, have no place in your goals. Don’t be easily swayed by what your friends or colleagues tell you.Refuse to listen horror stories about meeting the strangest of strangers.

Saturday, August 05, 2006

Tip 35: I’m selling, no matter what.

Banish your fears and emotional ups and downs because they only lead to inactionBolster your self-conficence by constantly saying to yourself,I wamt to sell my house I will sell my house, and I will make money from selling my house”.This mantra will

Friday, August 04, 2006

T34:Listen up, but stay with your convictions!

Remind yourself that it’s your house, so buyers should play by your rules.Don,t let some smooth talking buyer convince you that your house isn’t worth that much.

You did your homework,so you're the only one who knows what you should be getting for your house. Remember it’s the buyer who needs a house, not you.If one buyer is starting to get on your nerves, there are other buyers.

Thursday, August 03, 2006

Tip 33: My home isn’t a hotel!

If you hesitate about selling your house because you want your children to have a place to stay when they visit,
remember
that you raised them to be responsible,
self-sufficient
adults.

Wednesday, August 02, 2006

Tip 32: I’m in a bind…

Financially strapped? Many people think of selling their house to acquire much-needed cash.
Your house
is your only asset and perhaps the only asset that banks will look at if you apply for a loan.

Instead of selling, you may consider the option of using the equity you’ve built up in your home to apply for a loan.
But don’t sell
just because you need cash. Banks are often willing to give you room to maneuver on your house equity.