Studies have shown that most buyers make a decision about a house within 15 seconds of walking in the door. Many other buyers make a decision without ever getting out of their car. The message here is that first impressions are very, very important when selling a home.
Outside the Home:
The feeling that people get about the house from the street is called "curb appeal" and there are many home staging tips to improve it.
1) Eliminate clutter. Trim overgrown bushes, and do a thorough clean-up.
2) A fresh coat of paint makes a house look good, but be sure not to pick too strong a color as you want to appeal to the greatest number of buyers as possible.
3) Fresh sod or landscaping can make a major difference. Add simple potted plants and a fresh door mat adds a welcoming feeling to buyers
4) Eliminate any other negatives like oil stains on the driveway, an old T.V. antennae on the roof, etc.
Inside the Home:
1) Eliminate all clutter. This helps make the house look bigger an more stylish.
2) Fresh paint can make a real difference. It is the frosting on the cake. Use colors that will appeal to the greatest number of people.
3) Some homes are shown with no window coverings at all. This creates an open and airy feeling.
4) Eliminate unpleasant odors. Some sellers now bake before for an open house, which creates a warm feeling in they buyer's mind.
5) Use size-appropriate furniture as you would not want a room to feel too big or too small to people.
6) Leave the lights on even during the day to make the home as bright as possible.
All of these home staging tips are really geared towards making the whole package seem as pleasant and comfortable as possible. One would think that buyers buy with their heads, but it's often their hearts that make the decision!
Occasionally, one can see "For Sale By Owner" signs, and some owners think that selling their own home will not only save them money, but believe they have an advantage over the sellers that have their home listed by a reputable Real Estate sales professional. Before you decide to take on this very important and legally complicated process…remember not even most Real Estate Lawyer's recommend selling your own home yourself in today's market. Here are a few of the reasons why:
1. You are limiting your exposure to potential buyers (less than 10% of what a good real estate broker will generate) which theoretically means your home will take ten to fifteen times longer to sell on the market.
2. The longer a home is on the market the lower the selling price is. Why? Because most buyers think that if the home has not sold after this long... there must be something wrong with the home.
3. The selling/buying process begins AFTER the buyer leaves your home. Most sellers think that all it takes is for someone to see their home, fall in love with the great decor... and the offer automatically will follow. Remember that the buying process begins after they leave your home. If a real estate sales representative does not represent the buyer, and they are looking on their own…they usually leave the home and start to talk themselves out of the buying process. Real estate professionals are trained on how to overcome buyers remorse--a very common occurrence.
4. Because of the limited exposure you will very likely end up with a lower selling price. Remember, in order to generate the highest price possible for your home… selling means exposure. You need the maximum exposure possible, to generate the highest price possible.
5. Most buyers find it extremely awkward to negotiate or even to talk directly with sellers and therefore avoid FSBO properties.
6. Lack of negotiating experience and lack of pertinent information often will result in a lower selling price, or worse yet, a bungled contract and possible lawsuits.
7. The majority of qualified buyers are working with experienced real estate professionals.
8. Many serious buyers will pass by a FSBO home merely because they recognize that it is not in the real estate mainstream, this can some times make them wary.
9. As most local buyers now retain an experienced real estate sales person to represent them as their buyer-agency, you will probably be negotiating against an experienced professional.
10. Expected savings in broker's fees will also be greatly reduced if you offer a selling commission to entice real estate sales representatives to bring potential buyers.
11. If you are planning to use a Lawyer to help you negotiate the offer, then your lawyer's fees will be considerably higher.
12. Only real estate sales representatives have access to the up-to-date market information. News reports cannot approach the timeliness or specificity available to real estate sales people. Further, real estate sales representatives are involved in home sales much more frequently than the average homeowner is. This familiarity leads to a degree of expertise that provides an edge on negotiating and successful selling.
13. You only pay the commission to the real estate broker, if they successfully sell your home at the price you are happy with.
14. Accepting an offer is one thing, ensuring a safe and successful closing is quite another. Real estate transactions usually always have problems on closing. At times, expecting the Buyers and Sellers Lawyer's to fight it out or resolve the problems, can sometimes mean the deal is lost. This is the time that your experienced real estate professional, can be the most important. Your Real Estate professional can act as a great mediator. Lawyers MUST act only on their client's instructions and are not paid to negotiate.