Posts Tagged ‘Home Sellers’

Using a Savvy Realtor to market your home

Friday, September 3rd, 2010

There are many benefits to listing your North Texas home for sale with a real estate company that has the resources and marketing expertise of VIP Realty. We are the North Texas real estate experts that can help you to sell your home quicker, and at a price you will be happy with.
VIP Realty can act on your behalf as either a full service or discount listing agent.

As your full service agent, we will, for a commission based on the sale price of the property, give your home the extensive exposure the property needs in order to attract the hundreds of buyers and their agents that scan the MLS on a daily basis.

The assigned VIP Realty agent will do the necessary research to ensure your home is not only marketed properly, but will ensure that your home

How to Protect your Privacy when Selling your Home

Monday, February 1st, 2010

Selling your home may be difficult, considering that you must open your doors to a near-constant stream of potential buyers. Your privacy and security may become an issue when showing your home to buyers, so it is important to consider all your options before you welcome your first buyer into your home.

For many individuals, it is very important for them to protect their privacy, while others are simply concerned that buyers will make assumptions about them and judge them instead of simply judging their home. However, the importance of protecting your privacy is all the same.

How to protect your privacy while selling your home:

  • Expect buyers to open drawers and peek in cabinets. Therefore, remove all personal effects that may embarrass you during open houses and showings. Now may be a good time to clear out and organize your closet and drawers anyway, so take charge and get things organized and prepared for showings.
  • Hide your mail and financial information. Don’t leave mail sitting out – whether opened or unopened – for all to see; and that goes for financial information, such as check books and banks statements. If you have a lock on your file cabinet or desk drawer, use it. Do not give anyone an excuse to peek into your personal finances.
  • Ask your realtor to accompany your visitors. Some real estate agents allow buyers to walk through the property on their own, while others will accompany them. If you feel wary of allowing strangers to tour your home, unaccompanied, let your agent know beforehand.
  • Remove personal effects from your walls. From diplomas and religious artifacts to wedding certificates and personal photos, don’t provide buyers with any personal information about yourself or your family. De-personalizing is also an important move to make when staging your home for sale anyway, so you can actually accomplish two things by removing the personal effects from your home.
  • Don’t leave your computer up and running during showings. Gaining personal information from your computer takes only moments for a professional hacker or thief, so be proactive and shut your computer down before your guests arrive.

Fixing up your Home to Sell: What you need to Know

Wednesday, January 27th, 2010

Many of us wonder what we need to fix up, upgrade or renovate in order to sell our homes. Although the answer to this is far different for each situation, there are a few things that most homeowners should consider before listing their home on the market.

Don’t expect to sell your home in an “as-is” condition in a buyer’s market; there are simply too many homes on the market and too much competition. Most buyers today want a move-in ready home, complete with upgrades.

So, where do you go from here? Work with your real estate agent to consider the home’s market value now, versus its market value should you perform improvements and repairs. Then, consider your neighborhood, region and the improvements that will result in the best return on your investment.

For example, an entire kitchen remodel for a small ranch probably won’t offer you a nice return on your investment, but updated kitchen countertops and new kitchen appliances certainly will. In the end, it’s all about understanding your buyers’ wants and needs, your home’s market value and the neighborhood in which your Turtle Creek home is located.

There are, however, a few home improvements that you can’t go wrong taking care of before you list your home for sale:

  • Patch all holes and cracks in the walls and ceilings and cover all rooms in a fresh coat of paint.
  • Re-paint all walls with a fresh, neutral color. In other words, get rid of any loud or boldly colored walls, and remove any signs of wallpaper and other wall coverings. Avoid white paint, though, as it often gives the feeling of a sterile, stark environment.
  • Perform repairs to any broken toilets, leaky faucets or non-functioning light fixtures.
  • Replace any worn flooring, including carpeting and tile. New, inexpensive carpeting can instantly give any room a facelift; likewise, an old, worn carpet can turn buyers off from the start.
  • Replace any old, outdated window coverings, such as blinds and curtains. Fresh window coverings instantly freshen up a room and make it feel updated.
  • Repair any cracks or uneven surfaces on your driveway, walkway or front steps.
  • Repair or replace any broken windows or doors.

The Problems with Selling FSBO

Tuesday, November 17th, 2009

It may occur to you, as a seller, that the best thing to do during these tough, economic times is to forgo the services of a realtor in exchange for selling your North Dallas home FSBO. After all, with your home selling for less it only makes sense to save money and sell it yourself, right?

Well, not so fast.

Let me preface this by first saying that some people do successfully sell their North Dallas homes FSBO but, unfortunately, this is not the norm. Most individuals, particularly in today’s market, are better off using the services of a qualified real estate agent, and here’s why:

  • Only licensed real estate agents and brokers can list their home in the MLS. The multiple list service, also known as the MLS, is the industry’s centerpiece when it comes to homes for sale. If you’re selling your home FSBO, you will be left to advertise your home through other sources, most of which simply aren’t seen by home buyers.

The bottom line is that more than 90 percent of buyers who search for a home are going directly to the MLS to do it. And if your home isn’t on that list, the vast majority of home buyers will simply be unaware that you are selling your home.

  • Most real estate agents will not show a FSBO home because they don’t receive a percentage of the commission. Because there is no listing agent for a FSBO home, there is no commission from which to draw from for a buyer’s agent. Some FSBO sellers may offer the buyer’s agent a commission, but the long and short of it is that most real estate agents simply don’t want to be bothered going through a transaction when there is a potentially uneducated seller calling the shots.
  • Many buyers are hesitant to look at FSBO homes. Because the homeowner acts as the listing agent, he or she will likely be present during a showing. Many buyers simply feel uneasy when touring a home with the homeowner present. Buyers may feel quite uncomfortable really looking at a home under the watchful eye of the homeowner, which likely means that the buyer will not take the time to really view the home and appreciate its features.

Protecting your Pet while Selling your Home

Monday, November 16th, 2009

Your pet is your pride and joy, and is considered a member of the family. It is therefore extremely important to take precautions throughout the home-selling process to ensure that your pet remains safe and protected, and that your buyers aren’t turned off.

The number-one problem with pets when selling your Fate home is what to do with them during a showing or open house. It is important to not only consider the comfort and safety of your guests, but the comfort and safety of your pet, as well.

The following tips can help you protect your beloved pet while showing your Fate property:

  • Consider a back-up location during showings and open houses. Ask a neighbor, friend or family member to take care of your pet during these times, or simply set up kennel time. Although this may not be the most ideal situation, it eliminates any problems with those buyers who may not like animals or those that are allergic to animals.
  • If your pet must remain in the house during showings and open houses, put it in an area of the home where it can’t escape. A laundry room, spare bedroom or the garage are good spots to keep Fido or Fluffy, as long as you aren’t keeping potential buyers from seeing the main areas of your home.
  • Post a sign on the door to the room your pet is staying in to discourage visitors from opening the door.
  • Keeping your pet safely locked in a room – or keeping your pet completely out of the home during the showing or open house – will prevent your guests from tripping over your pet and becoming hurt, and will eliminate the chance of your pet escaping from open doors.
  • If you can, simply take your pet with you during open houses and showings. A walk around the neighborhood or a drive around town during these times is often a convenient and practical solution.

An Emotional Guide to Selling your Home

Friday, November 6th, 2009

If you are like most sellers these days, the process of selling your home – often for much less than you ever thought possible – is quite unappealing. However, for many individuals, their options are limited and they must sell.

With that said, there is a way to sell and a way not to sell, particularly in today’s market. There are those sellers who stress every day that their home hasn’t sold; there are those sellers who hound their real estate agents even when there is simply no news to report; and there are those sellers that simply refuse to believe that their home is no longer worth what is was when they bought it three years ago.

None of the above mentioned homeowners are doing themselves any good. In fact, they could be causing themselves loads of undue stress and pressure, both of which are counterproductive when trying to sell a house.

The following list is designed to keep you emotionally and mentally grounded when selling your Dallas County home during this tough, economic period:

  • You will get low-ball offers. Expect them and try not to be insulted. There are a certain number of buyers that assume, because of the lousy housing market, they can come in with a ridiculous offer and that it might just get accepted. You have two options when this happens: you can outright refuse their offer and tell them to resubmit a reasonable offer or you can fly off the handle and refuse to even counteroffer. Don’t let your emotions and anger get in the way of a potential sale; simply counteroffer and make it clear to the buyers that you will not, in no uncertain terms, accept an offer that low. If the buyer is serious he will submit a new offer; if not, he will walk away.
  • Your home will not likely sell in a week. Expect it and be prepared to wait it out. The housing market just isn’t what it used to be a few years ago. Homes typically do not fly off the market in a matter of days. You must accept this fact and be prepared to wait a few months to find that right buyer. Remind yourself that this is common and try not to dwell on it too much.
  • Stay in touch with your real estate agent. Trust that your real estate agent is working hard to sell your Dallas County home. Keeping in contact with your real estate agent is important, and expecting a weekly update is not out of the question. However, barraging your agent on a daily basis about the status of your home is only taking him or her away from the job of selling your home and really accomplishes nothing more than frustration on both ends.

Preparing your Home for Sale: Weekend Projects to Get your Home in Tip Top Shape

Wednesday, September 30th, 2009

There are loads of things that need to be done when you’re selling your home. And sprucing it up should be on the top of the list.

But what should you tackle yourself and what should you leave to the professionals? A good rule of thumb is to call in the help of a professional when dealing with gas, electricity and plumbing. Otherwise, rolling up your sleeves and tackling a few of those neglected household projects can help draw attention to your home and get it sold.

Great Weekend Projects

1. Sand and stain the deck – A weathered, faded deck sticks out like a sore thumb. On the other hand, a freshly stained, clean deck can go a long way at sprucing up your outdoor living space.

2. Repaint the trim and shutters – Curb appeal is a huge selling point for any home. After all, making a great, first impression goes a long way toward a quick sale. A fresh coat of paint on your home’s trim, gutters and front door is a great way of sprucing up your home’s exterior.

3. Weed and landscape the front yard – Again, great curb appeal can not be stressed enough. Get your hands dirty and clear the flower and plant beds of weeds and mulch them to add the finishing touch.

4. Paint the interior – A fresh coat of warm, neutral paint on your home’s interior walls can instantly transform the rooms of your home. Choose a calm, warm color that will appeal to a variety of buyers.

5. Scrub down the kitchen appliances – Sparkling clean kitchen appliances can take a dull, dingy kitchen and give it an instant face lift. Scrubbing down your kitchen appliances – inside and out – is also essential if the appliances are staying with the home.

6. Steam clean the carpets – Stained carpets are a great way to lose potential buyers. Rent a steam cleaner and spend the weekend getting your carpets in tip-top shape.

7. Have a garage sale! – Is there any better way to spend your weekend than making money? A garage sale can help you rid your Irving home of unwanted junk that is cluttering up your home and distracting buyers from your home’s selling points. Plus, it can help you earn some cold, hard cash to cover your moving expenses!

Seller Tips: How to Prepare for Moving Day

Friday, September 25th, 2009

Congratulations! You’ve sold your property and you’re ready for your next endeavor! However, before you can begin moving on, you must prepare for moving day.

Yes, the dreaded moving day. But it doesn’t need to be! With just a few tips and plenty of preparation and organization, your moving day doesn’t have to be a nightmare!

  1. Reserve a moving company or moving van as soon as you have a moving date secured – even if it’s two months away! There are few things more frustrating than not being able to secure a moving company or rental van before your move!
  2. Arrange for a specialty moving company if you have a piano or priceless antiques.
  3. Start amassing boxes. Go to your favorite local stores and ask them to set aside packing boxes for you. You can always purchase boxes through many rental companies, but who wants to pay for boxes that you can get for free?
  4. Make change of address cards and send them to family and friends.
  5. Contact your utility companies, newspaper and magazine services, and the post office for shut-off dates and new address information.
  6. Plan ahead and pack up rarely used household items, or off-season items as you find the time.
  7. Develop a color-coded system using colorful stickers. Assign each room a color and use the stickers on your moving boxes so that you can easily identify which room of our Highland Park home the box belongs in.
  8. Make arrangements for your pets for moving day. Ideally, your pets should be out of the house during moving day, as they could become stressed or run away because of the open doors. Ask a close friend, family member or neighbor to care for your pets during this time, or make arrangements at a nearby kennel.

The Top Five Reasons your Home didn

Thursday, August 20th, 2009

You just don’t get it. Your home has been sitting idle on the market for the last six months while the other homes for sale in your neighborhood have long since sold.

There are five, major reasons homes don’t sell. Therefore, rather than spending your time cursing the “sold” sign in your neighbor’s yard, take the time to figure out where you went wrong:

  1. You priced it too high. Even though your real estate agent advised against it, you went ahead and listed your home according to what you want for the home, instead of what it is worth. Listen to your real estate agent and take a close look at the comparables in your area and rethink your pricing strategy. After all, there is no better way to scare buyers off than with a sky-high asking price.
  2. You’re not willing to negotiate. Let’s face it: not every offer is going to be the perfect offer. However, if you are unwilling to negotiate and counter offer, then you may very well lose out on a potential sale. It is important to put your ego aside and simply make a counter offer instead of outright rejecting an offer.
  3. You are not flexible. Selling your Irving home is typically inconvenient and frustrating, but it is important to hang in there and remain flexible. Sellers who are not willing to show their home at a moment’s notice; who are not willing to settle upon a different closing date; or who are not willing to consider buyer incentives are simply shooting themselves in the foot, particularly during a buyer’s market.
  4. Your home is not clean. You can have the best property and the best features and finishes, but if your home is not clean, you will certainly turn off many potential buyers that walk through the door. The bottom line is that buyers must feel comfortable in your home and they must envision themselves living there; and that is hard to do when the sink is full of dirty dishes and there is pet hair stuck to the carpet.
  5. Your home is not updated. In order for your home to compete with other, similar homes in your neighborhood you must make sure it is fresh and updated. Take a quick tour through other homes for sale in your neighborhood and compare the features in those homes with yours. Then, make the necessary changes so that your home can compete with other comparables in your neighborhood.

Should I Lower the Price of my Home?

Tuesday, August 18th, 2009

In this tough housing market it is not uncommon for frustration to set in rather quickly. If you are desperately trying to sell your property and have little or no luck, you may begin to question many of the decisions you and your real estate agent have made.

One of the issues in particular that many sellers begin to question is the price of their home. Is it attracting buyers or scaring them away? Is it on target with some of the other properties in the area? Does it reflect my desire to sell?

So, when do you know that it’s time to lower the price of your home?

Although there are no steadfast rules regarding pricing your Irving home, let alone lowering the price of your home, you can make a sound judgment by reviewing a set of factors and asking yourself some basic questions:

  • How long has my home been on the market? What is the average number of days on the market for homes in my neighborhood? It may be quite frustrating to have your home on the market for 60 days without an offer, but it may be quite common for homes in your area to sit on the market for 60 days. You real estate agent can help answer this question for you so that you can determine whether your home’s time on the market is common or out of the ordinary.
  • What have potential buyers said about my home? Buyer feedback is very important and can provide you with a wealth of information regarding the price of your home. If buyers are reporting that they feel your home is overpriced, then it may be time to consider a different pricing strategy.
  • Am I pricing my home according to the market, or according to what I want to make? Answering this question honestly can often reveal whether you have chosen the price of your home for the right or wrong reasons. Although we all may have an idea of what we would like to sell our home for, the reality is that we must price our home according to the market conditions, not according to our pocketbook.