Mistake #1.
Not using an experienced E-Pro certified Realtor When
you're looking for help buying or selling property, it's
important to remember that the terms "real estate agent"
and "Realtor" are not synonymous. Realtors can provide
an extra level of service, and to be a Realtor you must
be a member of the National Association of Realtors (NAR).
A non-profit trade organization that promote real estate
information, education and professional standards. The
National Association of Realtors also has earned a strong
reputation for actively championing private property rights
and working to make home ownership affordable and accessible.
The NAR members adhere to a strict code of ethics founded
on the principle of providing fair and honest service
to all consumers. Realtor business practices are monitored
at local board levels. Arbitration and disciplinary systems
are in place to address complaints from the public or
board members. This local monitoring keeps Realtors directly
accountable to the individual consumers they serve and
therefore the consumer is more likely to find better service
and accountability by using a Realtor. E-Pro is a designation
given to the technologically trained Realtor, master of
the internet.
Mistake #2.
Complacent marketing when selling a home When selling
your home there are no guarantees that the ultimate buyer
of your home will have simply walked through the front
door. In many cases you may have to bring your home to
the buyer. Effective marketing will help ensure that your
property receives maximum exposure to attract a ready,
willing and able buyer in the shortest period of time.
Ask your Realtor to list for you all of the ways he/she
intends to market your home and on what time-line. Also,
be sure to ask about the home being advertised on the
Internet.
Mistake #3.
Taking for granted the "curb appeal" of your home When
you're preparing your house for sale, remember the importance
of first impressions. A buyer's first impression can make
or break whether they even want to go inside for a look.
It is estimated that more than half of all houses are
sold before the buyers even get out of their cars. With
that in mind, be sure to stand outside of your home and
take a realistic "fresh look" and then ask yourself what
can be done to make the "curb appeal" improve. Also ask
your Realtor's opinion as to how to improve the curb appeal.
It could make a huge difference in your final sales price.
Mistake #4.
Forgetting about health and safety issues Be upfront and
disclose to your Realtor all problems with the property.
The problems are going to be discovered anyway!Ê A decade
ago, health and safety issues were rarely a part of the
typical real estate transaction. Today, however, it's
common for inspections relating to health, safety, and
even environmental concerns to be a part of most sales
contracts. Moreover, in many states, the seller must disclose
to the buyer any knowledge of existing property problems.
In many cases, these issues have been or can be factored
into the home's listing price. Remember the rule if you
need to ask your Realtor whether or not to disclose an
item, disclose it.
Mistake #5.
Forgetting what you would want to see if you were the
buyer of your home Remember that although people can be
different in personality, they tend to be the same when
it comes to expectations at someone else's expense. In
other words, a prospective buyer would probably like to
see a perfect home from top to bottom, inside and out,
when it comes to your home. Try to do as many of the following
items as possible to improve the likelihood of an expedient
home sale:
On the outside:
1) Sweep
front walkway.
2) Remove newspapers,
bikes and toys.
3) Park extra cars
away from the property.
4) Trim back the shrubs.
5) Apply fresh, clean
paint throughout.
6) Clean windows and
window coverings throughout.
7) Keep plumbing and
all appliances in working order.
8) Maintain all sealant
(window, tub, shower, sink, etc.)in good condition.
9) Make sure roof
and gutters are clean and in good condition.
10) Mow the lawn frequently
and plant flowers.
11) Keep pet areas
clean.
On the inside:
1)
The kitchen and bathroom should shine.
2) Quick once-over
with the vacuum; carpets should be clean.
3) Place fresh flowers
in the main rooms.
4) Put dishes away,
unless setting a formal display for decoration.
5) Make all beds and
put all clothes away.
6) Open drapes and
turn on lights for a brighter feel.
7) Straighten closets.
8) Put toys away.
9) Turn off television.
10) Play soft music
on the radio/stereo.
11) Keep pets out
of the way and pet areas clean and odor-free.
12) Secure jewelry,
cash, prescription medication and other valuables.
13) Enhance the spaciousness
of each room.
Mistake #6.
Thinking you need to be in the home to explain things
to a prospective buyer You will be better served if you
allow your Realtor to do their job without you there.
Most potential buyers usually feel more comfortable if
they can speak freely to the real estate professional
without the owners being present. If people unaccompanied
by an agent request to see your property, you should refer
them to your real estate professional for an appointment.
Mistake #7.
Not knowing how to price your home to sell Perhaps the
most challenging aspect of selling a home is listing it
at the correct price. It's one of several areas where
the assistance of a skilled Realtor can more than pay
for itself. Listing the home too high can be as bad as
too low. If the listing price is too high, you'll miss
out on a percentage of buyers looking in the price range
where your home should be. This is the flaw in thinking
that you'll always have the opportunity to accept a lower
offer. Chances are the offers won't even come in, because
the buyers who would be most interested in your home have
been scared off by the price and aren't even taking the
time to look. By the time the price is corrected, you've
already lost exposure to a large group of potential buyers.
The listing price becomes even trickier to set when prices
are quickly rising or falling. It's critical to be aware
of where and how fast the market is moving - both when
setting the price and when negotiating an offer. Again,
an experienced, well-trained agent is always in touch
with market trends - often even to a greater extent than
appraisers, who typically focus on what a property is
worth if sold as-is, right now.
Mistake #8.
Not planning your move early enough Many sellers simply
don't plan their move early enough and then feel totally
overwhelmed at the time of moving out of the house. If
you are able to move at any time of the year, don't wait
until summer, the peak-moving season. Consider also that
the first and last few days of the month are extra busy.
If you plan to sell your house, get it on the market as
soon as possible. Keep a record of all expenses related
to the move, some of which may be tax deductible. Fill
out the Personal Household Inventory for each room. This
is important for establishing the amount of declared valuation
for the shipment and as a permanent inventory for insurance
purposes. List, as nearly as possible, the year of purchase
and original cost of each item. Attach any invoices or
records of purchase to the completed inventory. Prepare
a separate high-value inventory if the shipment will contain
articles of "extraordinary" value. The following list
includes items that might fall into this category:
* Antiques
* Art Collections
* Cameras
* China Collections
* Computer Equipment
* Crystal
* Figurines
* Firearms
* Jewelry
* Manuscripts
* Oriental Rugs
* Silver
* Stones Or Gems
* Tapestries
* TVs Or Stereos
Also, unless you have been given a binding moving estimate
where a firm cost is established in advance, the exact
cost of a move cannot be determined until after the shipment
has been loaded on the van and weighed. The weight on
which charges are based is calculated by weighing the
van before and after loading. The total cost of the move
will include transportation charges, any charges for declared
valuation, plus charges for any extra services performed
at your request. All of these charges are based on tariff
rate schedules.
Mistake #9
Using a "convenient" Realtor rather than using an experienced
Realtor When working with a real estate agent, it's critical
that you have full confidence in that agent's experience
and education. A skilled, knowledgeable agent should be
able to explain to you exactly why your home needs to
be priced at a certain level - compared to recent listings
and sales of homes similar to yours. Experienced agents
also know exactly what the current pool of buyers are
looking for in relation to particular styles and price
ranges of properties. A skilled agent can recommend changes
that will enhance the salability of your home, thus increasing
the price - and/or decreasing the length of time before
a sale.
Katherine Prinzivalli, Realtor
Coldwell Banker Coon & McCreary
(925) 331-4133
E-Mail:
kprinzi@coldwellbanker.com