SPENDING MONEY TO PROTECT YOUR INVESTMENT....FRUGAL OR FOOLISH ?

By
Real Estate Broker/Owner with People first then business! Ran Right Realty Riverside, Ca BRE LIC #636943

especially in todays market, this question means more.... with money being so tight. The principal of spending money to protect your investment is what I am talking about.

Real Estate involves tens of thousands to hundreds of thousand s of dollars to be handled and addressed. 

SELLING OR RENTING REAL ESTATE.........

We know and sellers want...... to maximum and realize the most gain in their position. But I remind them that spending money can help us fascilitate the process.

WHAT CAN WE DO.........?

1. Curb appeal.... is that frist impression one gets when they pull up to your property. Spending money to cut the lawn, plant flowers, paint your garage door, porch and front door will instantly go to work for you.

2. Pictures.....now we are going to take pictures and they are going to be part of your selling process. We start out by photogrpahing the outside and then slowy lead into the house. Before and after the house has been walked thru, the buyers/renters will go back and look at all the pictures. If they are well done, it is like looking at a picture gallery of your next new home.

3. Minor Repairs....torn carpet, holes in wall, broken anything, cracked windows, torn screens,  

4. Cosmetic.....trash or dirt has to be removed, driveway to be clean, and non-exisitent. This is not negotiable. Inside the house must be clean and orderly, beds made, everything in its place

5. Backyard.....quickies like a portable BBQ, some chairs, small table, a garden hose and more flowers.

None of this has to be done,

but people who are interested in your home are going to know its nice and that others will think so too and they will want it. But for how much? Their offer will reflect  what they are seeing....

BE FRUGAL......YES.........BE FOOLISH.......NO

 

 

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Rainer
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Chris Wechner
CW Health Inc - Waterford, MI

This list is pretty similar to what investors try to find; that is, they try to find things MISSING from this list so that they have an excuse to negotiate lower prices.

You gave your sellers very good advice when you made this list.

Mar 30, 2010 11:09 AM #1
Rainmaker
1,344,075
Richie Alan Naggar Author PEARLS SERIES of books
People first then business! Ran Right Realty Riverside, Ca - Riverside, CA
on LIFE and LOVE plus Real Estate too!

Chris...superb point and insight into the investor mentality. So, we are setting ourselves up to be low-balled by not taking care of our business properly. In effect, we are playing into the hands of investors instead of playing our own hand. Thank you for visiting my post.

Mar 30, 2010 12:57 PM #2
Rainer
59,126
Chris Wechner
CW Health Inc - Waterford, MI

Thank you for your compliments, Richie, and you're absolutely welcome for visiting.  Frankly, it was my pleasure.  You're a good writer who makes excellent points.

Mar 31, 2010 01:36 PM #3
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Rainmaker
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Richie Alan Naggar Author PEARLS SERIES of books

on LIFE and LOVE plus Real Estate too!
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