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5 Common Mistakes made by Sellers

5 mistakes 1. Lock Box.

The Multiple Listing Service operates through a database search system and common access point for all Realtors registered with the system. This common access point is a Lock Box (Key Safe). In order for a Realtor to be able to show their client several homes on any given day, the lock box plays an important role in allowing Realtors to show your home when you are not home. As a Seller it is important to understand that more showings equal more chances you will receive an offer . When a Buyer makes an appointment with their agent to see homes, the agent will sort the showing list by the easiest homes to see first. Any homes that need appointments or restrictive hours will go to the bottom of the list. Time is valuable and the easiest homes to get into are always on the top of the list. No matter how special you think your home is, if it is difficult to see, you will get fewer showings.

2. Price Is Too High.

All of us are very proud of our homes and the improvements we have made to them. Let’s face it, either you spent your hard earned money to improve your home or you spent many hours doing the work yourself. The pride in ownership through these sacrifices is legitimate, but our expectations of how it affects the value of our home is skewed. Another issue to consider is if your home is over build for the neighborhood. A willing buyer will only write and offer when the price is right. telling indicators that the price is right is showing traffic. Heavy showing traffic will bring an offer, light showing traffic will not. What we have to remember is that no matter what price is chosen for your home, the home will have to appraise at that value in order for a buyer to get loan approval. The appraiser will look at comparable sales in your neighborhood and add for your improvements. As your Realtor, I will show you the comparable sales in your neighborhood along with other relevant data and with that information you can make a realistic decision on your home’s value.

3. Yard Sign.

If your yard is well kept and the thought of a hole in your front lawn for a yard sign is interrupting your sleep; how much sleep will you loose when you realize you may have lost better offers because the lack of a sign decreased your amount of showings? Buyers are constatnly looking at homes on the internet and then they will windshield homes they have seen home during the day. A sign will make it easy for them to find and make it clear that you are selling your home. The buyer for your home may be some one who just happened to be in the neigborhood; for example, a friend of one of your neighbors, who saw your sign. Another issue is that some Realtors may have a hard time finding your home and may leave if they do not see a sign. As ridiculous as that sounds, it happens.

4. Too Dark.

If your home shows too dark, you will need to think about how to brighten it up. You may need to trim plants that have grown around the windows, or do simple things like open drapes and blinds. If you are home and you know a Realtor is coming by to show your home, turn on the lights in all the rooms, open blinds and curtains before they arrive. Consider when you are gone for the day, that leaving lights on may not be energy efficient, however that could be a small investment on your part to attract an offer. Especially if you have a two story house the window coverings should all be left open when you are not home to help brightn up those rooms. Leave doors to bedrooms and bathrooms open as well.

5. Animals.

Animals present several problems and the one I worry about most when showing a home, is access to your home. If prospective buyers cannot see parts of your home because of animals that need to be kept out or locked up, those buyers may miss a part of your home that may have cause them to decide to write an offer. Another pitfall with the family pets is odor. You may not notice it, but prospective buyers will. There really is not much you can do about pet odors except vacuum regularly, change litter boxes frequently and purchase an air cleaner. The last is that some buyers may have allergies or even animal phobias. This may keep these buyers from seeing your home altogether. Many of us have animals, but when it comes time to sell your home, the animals need to be tended to in an extra special way so they will not keep a buyer from making an offer on your home.

Anyone of the above items alone or combined with others can cost you thousands of dollars off the sale price of your home. Please consider each area discussed and let’s find a buyer for your home.
Posted Saturday Apr 05
( 04/05/08 10:04AM ) — Charlie Ragonesi 706- 579-1098

to this I would add  6 wanting to be there when the home is shown so they can explain to the buyer all the things they have done to the home

All great points, Ted. I cant agree with you more. All my best, Jim

Great Post, Ted. The only thing I can add is that sellers need to understand that sometimes you may have to spend a small amount of money, to make their home as "move-in-ready" as possible.

For examlple, removing pink victorian wallpaper from every wall of the master bedroom, or toning down bright paint choices that potenial buyers are only going to see as $$$ to replace or fix. There are so many homes on the market today, that every home needs to put it's best foot forward.

( 04/05/08 10:35AM ) — Nathan Diones

All of these are great tips and I run across them alomost daily at listing appointments.

( 04/05/08 02:22PM ) — Peter Wolf

Good post!  To that I would add; not doing the cheap fixes to make the home show well and listening to everyone with an opinion except the person they hired to help them.

Charlie, Jin, Connie Nathan & Peter,  Thanks for the comments and the additions.  This is a page I have in my listing presentations.

( 04/05/08 05:09PM ) — David Saks - Real Estate Broker

Hello Ted. I really appreciate your post, however, I think the most fundamental and important mistake of all that the seller makes, which may place the seller and the agent at the risk of liability, is the failure to disclose any flaws, faults and defects in the property, whether froward or unintentional. It sure would save a bunch of headaches and money if they would spew the bad news about the house on the front end before Aunt Martha falls through the parlor floor because of the rotted wood. Have a good weekend.

Ted...this is GREAT and I just love the huge font...it needs to be said!

Ted...these are excellent points and our marketing, no matter how wonderful it is, will only bring the buyer to the house....after that, our sellers have to work in cooperation to make sure the buyer sees the home in it's best possible light once they get there.

Ted,

Great information to give your clients.  You may want to add a sixth note, and that is that every sellers home should be cleaned thoroughly.  A clean home is definately most desirable.  I don't know how many times I have seen sellers put their house on the market without even preparing them for sale.  People get too comfortable in the way they live that they don't feel their is anything wrong with their house and so they will just put it on the market not realizing they are hurting the sale of the property by not preparing it first.

Michelle Pimentel, Empire Home Staging Solutions-So. CA

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