| Sell Your
Property
1. Is
my home ready to sell?
2. Should
I sell my house myself?
3. Am
I ready to move?
4. Is
my home priced to sell?
SECTION
1: Is My Home Ready To Sell?
Giving
Your Home the On-the-Market-Makeover
You work with a Certified Residential Specialist because he or
she is best able to sell your home quickly and profitably. But
remember, your relationship with a Certified Residential
Specialist is a partnership. While they market your property and
screen potential buyers, it's up to you to give your home a
sprucing up that can go a long way towards a speedy sale.
With that in mind, here are some
helpful hints gathered from Certified Residential Specialists
across the country.
| Before
The Showing Begins |
Hint:
First Impressions are Lasting Impressions
The exterior of your home often determines how buyers will view
the interior, so:
- Make
sure the front entrance is clean and inviting
- Paint
or replace your front door if it's faded or worn
- Add
some paint to shutters, trim and any other outside feature
showing signs of wear
Hint:
Beauty is More than Skin Deep
Buyers often see the surface condition of your home as a sign of
what's underneath, so:
- Keep
windows and floors clean
- Replace
faded wallpaper and glue any areas that have come away from
the wall
- Repair
worn woodwork
- Repaint
scarred or dirty walls in a neutral color
- Steam
clean carpeting or replace it if necessary
- Repair
loose knobs, sticking doors and windows, warped cabinet
drawers, broken light switches and other minor flaws
- Check
and repair caulking in bathtubs and showers
Hint:
Accentuate the Positive
Try to see your home with a fresh perspective and arrange each
room to bring our its best attributes, including:
- Open
draperies and curtains to let the light in during the
showing
- Remove
all unnecessary clutter from your attic, basement and
closets to better display spacious rooms (consider storage
or a garage sale to dispose of extraneous items)
- Arrange
all your rooms neatly and remove excess furniture
- Keep
fresh, clean towels in the bathroom
- Use
candles or air freshener to give rooms a pleasant scent
Hint:
Put Your Home in the Best Light
Strategically lighting your home, even during daytime showings,
can create a cozy mood and highlight positive attributes of each
rooms, so:
- Avoid
the use of overhead lighting that makes rooms look washed
out and lifeless
- Be
creative and arrange lamps to help smaller rooms seem
larger, and large rooms more intimate
- Use
lighting to highlight the "living areas" of your
home, such as a pair of chairs near a fireplace, or a table
in a breakfast area
- Put
the spotlight on the strengths and potential of your home
- Create
the right mood and atmosphere given the room's function,
color scheme, etc.
- Accent
the positive aspects and unique features of each area of
your home
- Define
the space
- Bring
the room to life
Hint:
Leave the Selling to the Professional
Buyers often feel uncomfortable in the presence of a homeowner,
so:
- Try
not to be present during showings
- If
you are home, never apologize for the appearance of your
house
- Only
the Certified Residential Specialist should discuss any
objections and subjects such as price, terms, possession and
other factors with the buyers
Hint:
Keep the Disturbances Down
Potential homebuyers have a lot to take in, so minimize the
distractions:
- Pipe
in classical, jazz or soft rock music, but keep the volume
low
- If
possible, turn off the ringer on your phone during showings
- Keep
cats, dogs, litter boxes and feeding dishes out of the way,
preferably out of the house
Hint:
Create a Homey Atmosphere
Buyers try to picture themselves and their family living in your
home, so:
- Create
a pleasant aroma by baking cookies or bread, or placing
cornmeal in a warm oven on the day of the showing
- Keep
the heat or air conditioner at comfortable levels
- If
you have a fireplace, light it during wintertime showings
Hint:
Have Records Available
- Even
if a buyer doesn't study them, having records available can
make it clear you are conscientious and have nothing to hide
- Have
copies of your gas, electric and water bill from the last 12
months available
- Be
ready to show all home improvement and repair bills
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SECTION
2: Should I Sell My Home Myself?
It's a question thousands of homeowners ask themselves every
year. If you're one of them, you have some difficult decisions
awaiting you. Selling your home can be a long and complex
process, so it's important to think about all the potential
implications - both positive and negative - before choosing
to go it alone.
To help you make the decision
that's right for you, below is a list of some of the duties and
responsibilities you would face as an independent home seller.
Your first responsibility as an
independent home seller is assigning your home an accurate
value, meaning the highest price a ready, willing and able buyer
will pay.
As part of the decision, you need
to consider comparable properties in your area, current market
conditions, as well as the cost of financing and its
availability.
Remember that your listing should
be in line with comparable properties and market trends — you
don't want your home to linger on the market or sell for a lower
price than you might have otherwise received.
You should remember that
"For Sale by Owner" typically attracts bargain hunters
who may expect you to lower your price since they too are
looking to save money on REALTOR commissions.
Independent home sellers must
also market their properties to the public. That means:
- Putting
up signage that is consistent with local ordinances
- Developing
and paying for display and classified ads in your local
newspapers
- Holding
open houses
- Working
to ensure your home gets good word-of-mouth exposure among
your friends, neighbors and community organizations
As an independent home seller,
you would be responsible for all showings of your home.
With that in mind, always
encourage prospects to make an appointment, and discourage
drop-ins.
Work to screen the
"buyers" from the "lookers" - curiosity-seekers are common at "For Sale by Owner"
homes.
You should also pre-qualify
potential buyers to ensure they can afford to buy your home.
When the time comes to negotiate,
you'll need to be prepared and informed.
Try to resolve any doubts your
buyers might have, work to keep their interest high and make a
final agreement as quickly and efficiently as possible.
Once an offer is made, agree on
the price and terms, respond to objections and try to be
responsive and flexible to legitimate concerns.
Every independent home seller
should have an attorney or other qualified individual to preside
over all agreements.
That individual will draw up the
contract and manage the sale proceedings and closing. He or she
might also help you set the closing date and time.
You should be sure to include a
list of items you want written in to the contract, including
personal property that is to remain with the home (the
refrigerator, microwave oven, dishwasher, etc.), or items
excluded in the sale.
Also remember that as the seller,
you are obligated by law to disclose any material defects in
your property to the purchaser.
| Is
a Certified Residential Specialist a Better Choice? |
Selling your own home takes a lot
of hard work and know-how. Making even a small mistake can spell
serious trouble. By working with a REALTOR who's a Certified
Residential Specialist, you gain the services of an experienced
professional with advanced training in residential sales. Not
only does that free you from the time consuming tasks involved
with selling your home, it gives you the added expertise to help
maximize the profit from your home.
A Certified
Residential Specialist can help you sell your home faster and
for the best price by:
- Pricing
your home accurately by conducting a Comparative Market
Analysis. This research will help support the price with
comparable facts and statistics
- Advertising
your home in the most visible outlets in your area
- Holding
open houses
- Accessing
out-of-town buyers through the nationwide network of
Certified Residential Specialists
- Suggesting
easy ways to make your home more attractive to potential
buyers
- Exploring
alternative financing methods that can help relieve a
potential buyer's financing concerns
- Scanning
the Multiple Listing Service to locate active buyers through
a special nationwide network of resources
- Acting
as a third-party negotiator between you and the buyer,
making sure the selling price and the buying price are
optimal for both parties
- Screening
prospects so you don't have to expose your family to any
stranger that knocks at your door
Think of the services that a
Certified Residential Specialist provides as an investment, one
that immediately pays for itself in the quick, efficient and
successful sale of your home.
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SECTION
3: Am
I Ready to Move?
It's
Time to Get Moving
An efficient,
well-managed move not only saves you time and money.
It can also make the transition to your new home easier
and more pleasant for your whole family.
That's why
the Council of Residential Specialists offers these proven tips
to help make your move a trouble-free experience from start to
finish.
| The
Before-You-Move Checklist |
- Hire
the movers. Retain a reliable moving company as early as possible.
Be clear about your needs and expectations, and make
sure you understand the company's policies.
- Take
a room-by-room inventory of your home.
This list will help you when it’s time to pack.
- Organize
your belongings. Clean
and sort your possessions and set aside unwanted items for a
garage sale, your favorite charity or the garbage pickup.
- Arrange
for the shut-off or transfer of your phone and other
utilities.
- Contact
your bank and transfer the contents of your safe deposit box
to a bank closer to your new home.
- Complete
the change-of-address kit at your post office.
- Give
your friends and relatives your new address and phone
number.
- Obtain
copies of all medical and dental records, school transcripts
and birth certificates.
- Label
contents on the outside of each box and indicate where it
will go in your new home.
- Write
FRAGILE in large, legible letters on boxes that contain
breakable and/or valuable items.
- Pack
all breakables and liquids separately.
- Seal
all medicines and other containers to prevent leaking and
move them in leak-proof bags or containers.
- To
conserve space, fill drawers with light items such as
shirts, underwear, blankets, pillowcases, etc.
- Transport
your plants and pets personally, if possible.
Make sure pets are kept in a well-ventilated cage.
- Hard-to-replace
or extremely valuable items such as jewelry, documents or
artwork should also remain under your personal supervision.
| What to Do When Moving Day
Arrives |
- Get
plenty of rest the day before you move.
- Have
food and beverages available for the movers at both ends of
your journey.
- When
the movers arrive, show them which items you want loaded
last, and which items they should not load.
- When
you arrive at your new house, check the utilities and do as
much cleaning as you can before moving furniture inside.
- After
the movers have finished unloading, you might be asked to
sign an inventory list.
Note any apparent damage before you sign and indicate
in writing that you have not finished inspecting your
possessions.
- Plan
something special for the whole family at the end of the
day.
For more tips on making the most
of your move, talk to a Certified Residential Specialist.
As a REALTOR with special experience and training in
residential sales, your Certified Residential Specialist draws
on a wealth of experience to help you make your move a success.
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SECTION
4: Is My Home Priced To Sell?
The
Right Price Means a Successful Sale
Pricing your home is both an art and a science. Achieving
optimal price is the result both of objective research into
comparable properties and a gut feeling about your property and
the current market.
The right price
should:
- Attract
buyers
- Allow
you to earn the most money possible
- Help
you sell as quickly as possible
The simple fact is, price is the
number one factor that most homebuyers use to determine which
homes they want to view. And it's important to remember that,
although the price is set by you, the value of the home is
determined by the buyer. Try to avoid allowing your enthusiasm
to impact your better judgment - overpricing is a common
mistake that can cost you in the end.
With that in mind, here are some
reliable guides to use when pricing your home, all of which come
recommended by the Council of Residential Specialists - a
select group of REALTORS with significant experience and
advanced training in residential sales.
| Factors
Affecting Your Asking Price |
- How
quickly you need to sell
- The
amount of competition in your price category and area
- The
availability, flexibility and affordability of financing
- The
sale prices of similar homes sold in your area during the
past six months to one year
| Factors
That Should Not Affect Your Asking Price |
- The
original cost of the property - price is determined by
today's market.
- Any
investments you've made in improvements
- The
cost to build your home today
- Emotional
attachment
- The
opinions of friends and neighbors
| Problems
That Can Arise From Overpricing |
- You
might help sell similar homes that are priced lower.
- Your
home may stay on the market longer.
- You
could lose market interest and qualified buyers.
- You
might create a negative impression of the property.
- You
could lose money as a result of making extra mortgage
payments while incurring taxes, insurance and unplanned
maintenance costs.
- You
may have to accept less money.
- A
potential buyer may face appraisal and financing problems as
a result of the inflated price.
| A
Certified Residential Specialist Can Help You Price Your
Home Right. |
With a mix of real-world
experience and advanced training, a Certified Residential
Specialist has the tools necessary to calculate the fair-market
value of your home based on both the marketplace and personal
considerations such as your must-sell date. Remember, the right
price is the key to a successful sale. So work with a Certified
Residential Specialist to price your home accurately the first
time.
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