Twila E. Palmer's Blog
Selling a home requires time, dedication and patience. As such, you need to be aware of the biggest dangers associated with selling a residence before you add your home to the real estate market; otherwise, you risk wasting your valuable time and resources. One of the biggest home selling dangers often remains ignored – self-sabotage. And if you're not careful, you may sabotage your chances of selling your residence without even realizing it's happening. So what can you do to avoid the danger of self-sabotaging your home sale? Here are three tips that home sellers can use to eliminate this risk altogether: 1. Be Realistic About the Price and Value of Your Home. Employ a professional appraiser to evaluate your home before you list it on the real estate market. By doing so, you'll be able to better understand what your home is worth and price it appropriately. Also, keep in mind that what you ask for your house may not be what homebuyers offer for your residence. For instance, in a seller's market, you might actually receive multiple offers that exceed your initial asking price. Conversely, in a buyer's market, you may wind up getting numerous offers at or below your original asking price. Regardless of whether you're selling your residence in a buyer's or seller's market, however, it is important to remain flexible. Ultimately, you need to feel comfortable with the initial asking price you set your house and the offers you receive for your residence, and only then will you be able to finalize an agreement that works well for both you and a homebuyer. 2. Act Fast on Any Offers You Receive. It is paramount to prepare for offers before they arrive, as this will enable you to act quickly and efficiently. Typically, you'll only have a short amount of time to decide whether to accept a homebuyer's proposal. And if you plan for prospective offers you'll receive, you can act confidently under duress. Consider how you'll respond if you receive an offer that meets or exceeds your initial asking price, along with how you'll respond to an offer that falls below your initial expectations. Because if you plan for the best- and worst-case scenarios, you'll be better equipped to minimize the chance of sabotaging a home sale. 3. Work with an Experienced Real Estate Agent. Collaborate with an experienced real estate agent, and you'll be able to prevent the risk of self-sabotage. A real estate agent will help you determine the best price for your home and get your residence ready for a home showing. Meanwhile, this professional likely will possess years of experience and ensure you understand the ins and outs of the real estate market, allowing you to make the best decisions possible relative to your home sale. Find the right real estate agent to sell your home – you'll be thrilled you did! With an expert real estate agent at your disposal, you'll be able to improve your chances of finding many interested homebuyers and getting multiple offers for your residence. Understand the danger of self-sabotage, and you can prevent this problem from arising as you attempt to sell your house.
Nothing beats the warm, inviting feeling that you get when you enter your kitchen. However, failure to keep your kitchen clean can impact the quality of your kitchen. This ultimately can make a big difference in how homebuyers perceive your kitchen, along with whether they decide to submit an offer for your home. Fortunately, there are many simple ways to keep your kitchen looking great day after day, including: 1. Use baking soda to clean your tile floors. Your tile floors were beautiful after they were installed. But since that time, they've become dirty, grimy and tough to clean. But we have a surefire solution to help you revamp your kitchen's tile floor – baking soda and water. The combination of baking soda and water serves as a wonderful tile floor cleaner that is easy to apply with a mop. And within minutes of using it, you may notice that your kitchen's tile floor looks as good as new. 2. Eliminate wall splatters. Over the years, you've prepared a wide range of meals in your kitchen – everything from spaghetti and meatballs to sloppy joes. Unfortunately, not every dish has been an instant success. And as such, there have been many splashes of various ingredients that have landed on your kitchen's ceiling, floors and walls. Eliminating wall splatters may seem impossible at first. Luckily, there are numerous viable options to help you remove them without delay. For stains on painted walls, you may want to use a wet cloth or paper towel. The combination of a wet cloth or paper towel and tough scrubbing will allow you to eliminate stains on painted walls immediately. Comparatively, oily stains may require water and dishwashing soap. This mix is powerful and will ensure that you can remove cooking grease and other oily stains. 3. Disinfect the garbage disposal. Your kitchen's garbage disposal has served you well, but bad garbage disposal odors may persist if you're not careful. On the other hand, home sellers who focus on keeping their kitchen's garbage disposal clean can avoid such odors altogether. Looking for a great way to clean your kitchen's garbage disposal? Using a mix of vinegar, water and ice cubes can help you clean and deodorize your kitchen's garbage disposal quickly and effortlessly. Dedicate the necessary time and resources to disinfect your kitchen's garbage disposal, and you can guarantee that this disposal remains clean and performs consistently. 4. Wipe out the refrigerator. In many cases, home sellers may include a refrigerator in a home sale. As such, you'll want to keep this refrigerator looking and performing great. Wiping out your refrigerator and removing expired items regularly is essential. By doing so, you can remove the risk of bad odors from escalating in your kitchen. Of course, don't forget to keep an open box of baking soda in your refrigerator, too. This box should be changed periodically and will provide a fresh scent any time you open your refrigerator door. Keep your kitchen clean, and by doing so, you may be able to boost your chances of a quick home sale.
If you have ever sold anything, you know that the better it looks, the more likely you will be successful and get more or less what you were asking. The same goes for selling your home. Setting it up to look attractive and worthy of the asking price is known as staging, and, with a little bit of work, you can do it yourself. There are companies that will come in and do this for you, but it may be cost prohibitive and will mean that you will make less money on the overall sale. First, the inside: walk around, into each room, with a notebook in hand and jot down what you see that could be improved. Do you or your family members have a lot of clothes, papers, and the like laying around? How are the closets? Stuffed and unruly? Closets can be a nightmare to clean, and often take days, so you might want to tackle those first. Downsize as much as you can, and bring the unwanted or unneeded clothes or items to Goodwill or any donation shop. There are many boxes to drop off things, but if you are donating a lot of things, go to the shop itself and get a receipt from them for a tax deduction. Next, tackle the kitchen. Put away those small appliances that you use only occasionally, and keep the countertops uncluttered and clean. Kitchen cabinets should be washed down and any loose doors tightened and handles replaced if broken. Shine everything up: kitchen sink, windows; clean the screens, wash out the microwave, and clean the oven. Finicky potential buyers will look at everything to see how much care you take of your home. The living room should be uncluttered and dust-free. Stains on the carpet and couches must be dealt with, as this will immediately turn potential buyers off. Invest in new throw pillows and maybe a coordinating throw to add a fresh, clean look to the area. Again, make sure the windows are clean, screens vacuumed, and drapes or blinds have been dusted. The bathroom areas should be attended to, also. Clean mildew off the tiles, wash the floor, mirror, countertop and the fixtures. Shine the faucets, using a dryer sheet, for extra easy shine. Put clean towels out. Remove any dirty laundry! Replace the shower curtain and bath mats with new and colorful ones, if needed. A little bit of elbow grease will pay off, hopefully, so get started. Just think of this as “company’s coming”; you always did clean your house to make it look comfortable and enticing when expecting your in-laws, didn’t you?
One of the many things emphasized to sellers is removing their personality from the home. Too much personality in the home can be a distraction for potential homebuyers. Consider a model home, which automatically draws you in, from the biggest of details to the smallest. Most model homes have neutral colored rooms, rugs, and décor. The reason behind this? To give the potential homebuyer the opportunity to visualize themselves living in that home. You want to replicate that approach. Here are a few tips for depersonalizing your home: Pictures: Displaying family photos in the home is a great way to show that you made this place a home. However, when it comes to selling, it’s best to remove these photos. Too many pictures and frames can make it difficult for potential homebuyers to visualize themselves and their family living there. Personal belongings: If you are still living in the home that you are selling, your personal belongings will likely be all over the house. It’s impossible for you to remove everything you own from a home when you are still living there. However, it is important to clean up and hide certain personal belongings when you can. This includes children’s toys, animal toys and beds, knick-knacks, and drawings and grocery lists from the refrigerator door. Placing these items in storage or just finding places around the house to store them while trying to sell is best. Paint: Paint is a way of expressing yourself in your home. Whether you like really dark colors, warm colors, or cool colors or even just white, it showcases your personality. Drastic color schemes on either side of the color wheel can throw buyers off, especially if it contains colors that they are not really fond of. It will make it difficult for them to visualize how they would decorate that room. If this sounds like you, it’s a good idea to go to the store and pick up some neutral tones and get to painting. Furniture: Staging is everything. You may have set up your living room or bedroom a certain way because that’s how you like it. However, that may not be the optimal use of that space. It’s best to do some research or hire a professional to assist with this. You have to pull your personal opinion out of the decision-making and think about what works best with the shape and size of the room. Whenever possible it’s best to provide the homebuyer with a clean slate. Neutral colors and removing personal belongings will only increase the chances that potential homebuyers will envision themselves living there and hopefully make an offer. Depersonalizing your home is just one tactic for prepping your home for selling. If you are looking to sell quickly, be sure to read all the tips and tricks there are to getting you’re home sold.
A house needs to be sold three times when it is on the market. First it needs to be sold to other agents so they will want to show and sell the home. Second it needs to be sold to buyers and lastly to the appraiser. Even if the buyer is willing to pay a certain price for a home they usually need a mortgage. That means it is actually the bank who is buying the home. The bank wants to protect their investment so they do an appraisal. When the appraisal comes back low or as an under-appraisal deals can fall apart. If you are a seller or a buyer you need to know how to protect yourself from short appraisals? Here are some suggestions from Bankrate.com for buyers and sellers. If you're a buyer: -- Tell your lender to find an appraiser who comes from your county, or perhaps a neighboring county. -- Request that the appraiser have a residential appraiser certification and a professional designation. Examples include the Appraisal Institute's senior residential appraiser, or SRA, or member of the Appraisal Institute, or MAI, designations. -- Meet the appraiser when he or she inspects the home and share your knowledge of recent short sales and foreclosures that might skew the comps. "Many appraisers are just pulling up data out of MLS (Multiple Listing Service) or off the deed at the courthouse and not checking it out," Sellers says. "Most good appraisers will appreciate the information." And yes, you can speak with your appraiser; the prohibition only applies to your lender. If you're a seller: --·Get an appraisal before you list a home. Search for a qualified appraiser in your area on the Appraisal Institute website. -- Use the appraisal to set a realistic listing price for your home. -- Give a copy of your pre-listing appraisal to the buyer's appraiser. The more professional appraisers will understand that you're just trying to add more data and another perspective. -- Question a low appraisal. There's always a chance the appraiser or a supervisor will take into account new or overlooked information.