Thanks to Judy Chapman for a great article! This is what every seller shoudl consider long before placing their home on the market. Sellers: Get to work now! Then call a great Realtor about selling your home.
Selling your house in an uncertain economy is a bitch. More and more homeowners are finding themselves ‘under house arrest’ … trapped in their own homes while the real estate market slip-slides away from them.
Slip sliding away
Many homeowners have plain given up, resigned to stay where they are until the market improves and prices recover.
- What if the market doesn’t recover for years?
- What if your plans are stalled indefinitely?
- How long do you want to wait?
Slip slidin’ away
Slip slidin’ away
You know the nearer your destination
The more you’re slip slidin’ away
Slip Slidin’ Away by by Paul Simon
While everybody complains that this is the worst real estate market ever, at its core, it’s no different from any other market.
- Buyer’s market or seller’s market?
- High interest rates or low interest rates?
- Economy taking off or economy tanking?
Whatever the state of the economy, homeowners must always contend with current market conditions — good, bad, or just so-so — and make the necessary adjustments.
Right this minute, buyers are lined up, ready to pounce on the house of their dreams. You want it to be your house and not the bloke’s house down the street.
7 ways to sell your house fast and for top dollar
- Show it – Once you decide to sell, your house isn’t a home anymore. It’s a showcase. Turn it into one. Clean. Dust. Paint. Repair. Replace. Pack. Give away. Store.
- Stage it– A house that looks as if it belongs on a movie set is a house that sells. Pretend you’re a set designer getting ready to film a movie with Tom Cruise and Julia Roberts. What kind of house would they live in? What would it look like? Re-imagine your house and get to work.
- Fix it– Buyers want to move right in and enjoy their new house. So replace those outdated faucets. Use scrubbing bubbles to make the bathroom shine. Remove wallpaper. Refinish hardwood floors. Steam-clean the carpet.
- Rearrange it – Nothing says more than ‘more space’. As homeowners, we get use to clutter and comfort. Homebuyers see only tight quarters and not enough room. Lose the big furniture, the pool table, the collectibles, the cabinets, the hammocks, the rocking chairs, the antiques you picked up at garage sales. Reshuffle the rest, open up spaces, and accent corners.
- Price it – Since new listings receive the most interest within the first 2 to 3 weeks, make sure you don’t overprice your house, add negotiation room, or test the waters. If your house isn’t priced right, you’ll know it. Quickly. Showings will drop off. Buyers won’t come back for a second look. Offers won’t come in. Don’t wait. Bite the bullet. Lower the price now, not later. And keep lowering it until you see action.
- Insure it – Not with State Farm but with an eagle eye. To homebuyers ‘good enough’ isn’t good enough. Are the dusty curtains good enough? The stuffed closets? The seedy flower bed? The old tree that’s sure to come down in the next storm? The broken screen? The weather-stained front door? Do something about it before homebuyers walk out that front door, never to look back.
- Manage it – Your house is probably the biggest asset you own. Make it your business to do everything you can to sell it.
Your home, your house, your future
Once you decide to pull up stakes and move on, do everything within your power to make it happen. If not, don’t kick yourself later for missing the opportunities you had, and disregarded.
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JUDY CHAPMAN | Live the life you dream
Residential Sales ∙ Short Sales
Evanston | Wilmette | Kenilworth | Winnetka | Glencoe | Highland Park | Lake Forest
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Koenig & Strey | 1925 Cherry Lane | Northbrook, IL 60062
Judy@JudyChapman.net | Office: 847.749.3811
© 2007-2011 www.activerain.com/blogs/NorthShoreChicago by Judy Chapman. ALL RIGHTS RESERVED. Portions of this content may be used with attribution. The information contained in this blog is the author’s own opinion and does not reflect the opinions of Koenig & Strey Real Living.