One of the more common steps that homeowners will take when preparing to list their home for sale involves repainting the walls. Walls can easily give the home a worn, drab look when they have visible signs of dirty, smudgy fingerprints and other unsightly blemishes. While repainting the walls can have a whitewashing effect that instantly makes the home look cleaner, brighter and more appealing, the color combinations that you choose for your home should be considered with care. You have a rainbow of possibilities for your space when preparing your home for sale, but you want to choose colors that will have broad or universal appeal to buyers and that will showcase your home in the best possible light.
Neutral or Muted Hues are Ideal
Many homeowners love to paint their walls stylish or trendy colors, and they may dislike the banal look of beige walls throughout their home. While this may or may not be what you prefer for your home, keep in mind that you are trying to transform your home so that it has broad appeal to the buyers. The colors you choose should not reflect personal taste or preference. Instead, they should be selected based on colors that may be more likely to appeal to most and that may go well with the color of furnishings most already own. Neutral or muted hues are ideal. These lighter colors can also make smaller rooms seem larger, and they can make your entire home seem cleaner.
Avoid Bold, Dramatic Color Combinations
You may have some colors on your walls that you absolutely love, and you may be sad to see them go. However, when you have a bold, dramatic color combination in a room, a buyer may instantly be taken aback by such an intense color scheme. The buyer’s attention may then be focused on your interior design efforts rather than on the home itself, and this is not beneficial to your goal of selling your home. In addition, some may love your bold choices, but many may not. They may think about how those colors would not go well with their furnishings, and they may instantly start thinking about how they would need to work hard to repaint the walls after moving in. The last thing you want is for a buyer to think about your home as needing work.
If you are preparing your home to list for sale, repainting one room or several may be at the top of your to-do list. When you are selecting your paint colors, lean toward neutral hues that may have better appeal toward a larger group of home buyers.
If you would like more information on preparing your home for sale to maximize your net sales price, please contact me for free information and expert advice.
Here is the final post of the series, “5 Secrets to Buying the Best Home For Your Money”. These 5 secrets can significantly help you secure your next home in today’s ultra competitive housing market. If you would like all 5 of these secrets/tips emailed to you, CLICK HERE to receive them free and instantly.
#5 – Stop Calling Ads!
Please note – ads are sometimes created to make the phone ring! Many of the homes have some drawback that’s not mentioned in the ad, such as traffic noise, power lines or litigation in the community. What’s not mentioned in the ad is usually more important than what is.
For this reason, I want you to be very careful when reading ads. Remember that the person writing the ad is representing the seller and not you! The most important thing you can do is have someone on your side looking out for your best interests. Your own agent will critique the property with an eye towards how well it meets your needs and will point out any drawbacks you should know about. So whether you decide to work with me or not, pick an agent you feel comfortable with and enlist the services of that agent as a buyer’s broker. Then you become a client with all the rights, benefits and privileges created by this agency relationship, and you’re no longer just a shopper.
Did you know that many homes are sold WITHOUT A SIGN ever going up or an AD EVER BEING PUT IN THE PAPER? These “great deals” go to those people who are committed to working with one agent. When an agent hears of a great buy, who do you think he’s going to call? His client, who he has a legal obligation to work hard for, or someone who just called on the phone and said “keep your eyes open”? So to get the best buy on a property, I always recommend that you hire your own agent and stick with her, or him.
If you would like more tips on home buying or would like us to help you in your search, please contact us today. As always, buyers never pay for our services. Why not use our expertise and experience to help you find that perfect home?
Over the next several days I will be posting a series of 5 Secrets to buying the best home for your money. Here is #4. These 5 secrets can significantly help you secure your next home in today’s ultra competitive housing market. If you don’t want to wait for the last post, CLICK HERE to have all 5 secrets emailed to you free and instantly.
#4 – Don’t Be Pushed Into Any House
Your agent should show you everything available that meets your requirements. Don’t make a decision on a house until you feel that you’ve seen enough to pick the best one.
Although homes are selling quickly, oftentimes just a few days after listing, that doesn’t mean you need to make a snap decision to purchase. A great agent knows the market and will give you his/her best advice on what you should do in a competitive market. The most important thing is to be sure the home you are considering will be right for you and your family. For this reason, it is important you pick an agent you can trust and follow their advice.
Don’t forget to check into the SCHOOL DISTRICTS of the area you’re considering. Information is available on every school; such as class sizes, % of students that go on to college, SAT scores, etc. You can get this information on Schools HERE.
Over the next several days I will be posting a series of 5 Secrets to buying the best home for your money. Here is #3. These 5 secrets can significantly help you secure your next home in today’s ultra competitive housing market. If you don’t want to wait for the next 2 posts, CLICK HERE to have all 5 secrets emailed to you free and instantly.
#3 – Make Your Lists!
Before house hunting, make a list of things you want in the new place. Then make a list of the things you don’t want. You can use this list as a guide to rate each property that you see. The one with the biggest score wins! This helps avoid confusion and keeps things in perspective when you’re comparing dozens of homes.
When house hunting, keep in mind the difference between “STYLE AND SUBSTANCE”. The SUBSTANCE are things that cannot be changed such as the location, view, size of lot, noise in the area, school district, and floor plan. The STYLE represents easily changed surface finishes like carpet, wallpaper, color, and window coverings. Buy the house with good SUBSTANCE, because the STYLE can always be changed to match your tastes. I always recommend that you imagine each house as if it were vacant.
Consider each house on its underlying merits, not the seller’s decorating skills.
Over the next several days I will be posting a series of 5 Secrets to buying the best home for your money. Here is #2. These 5 secrets can significantly help you secure your next home in today’s ultra competitive housing market. If you don’t want to wait for the next 3 posts, CLICK HERE to have all 5 secrets emailed to you free and instantly.
#2 – Sell Your Property First, Then Buy the House.
If you have a house to sell, sell it before selecting a house to buy! Contingency sales aren’t nearly as strong as one that comes in with a ready, willing and able buyer. Consider this scenario: You’ve found the perfect house – now you have to go make an offer to the seller. You want the seller to reduce the price and wait until you sell your house. The seller figures that this is a risky deal, since he might pass up a buyer who DOESN’T have to sell a house while he’s waiting for you. So he says OK, he’ll do the contingency but it has to be a full price offer! You have now paid more for the house than you could have because of the contingency, and you have to sell your existing house in a hurry! Otherwise you lose the house! So to sell quickly you might take an offer that’s lower than if you had more time. The bottom line is that buying before selling might cost you THOUSANDS of dollars.
If you’re concerned that there is not a house on the market for you, then go on a window-shopping trip. You can identify possible houses and locations without falling in love with a specific house. If you feel confident after that then put your house on the market.
Another tactic is to make the sale “subject to seller finding suitable housing”. Adding this phrase to the listing means that WHEN YOU DO FIND A BUYER, you will have some time to find the new place. If you don’t find anything to your liking, you don’t have to sell your present home. But be aware, many buyers don’t want to wait for you to find something, and therefore won’t make an offer on properties “subject to seller finding replacement property”.
Over the next several days I will be posting a series of 5 Secrets to buying the best home for your money. These 5 secrets can significantly help you secure your next home in today’s ultra competitive housing market. If you don’t want to wait for the next 4 posts, CLICK HERE to have all 5 secrets emailed to you free and instantly.
#1 – Get “Pre-Approved” – Not “Pre-Qualified!”
Do you want to get the best property you can for the least amount of money? Then make sure you are in the strongest negotiating position possible. Price is only one element in the negotiations, and not necessarily the most important one. Often other terms, such as the strength of the buyer or the length of escrow, are critical to a seller.
In years past, I always recommended that buyers get “pre-qualified” by a lender. This means that you spend a few minutes on the phone with a lender who asks you a few questions. Based on the answers, the lender pronounces you “pre-qualified” and issues a certificate that you can show to a seller. Sellers are aware that such certificates are WORTHLESS, and here’s why! None of the information has been verified!
Many times unknown problems can come to the surface! Some of the problems I’ve seen include recorded judgments, alimony payments due, glitches on the credit report due to any number of reasons both accurately and inaccurately, down payments that have not been in the clients’ bank account long enough, etc.
So the way to make the strongest offer today is to get “pre-approved”. This happens AFTER all information has been checked and verified. You are actually APPROVED for the loan and the only loose end is the appraisal on the property. This process takes anywhere from a few days to a few weeks depending on your situation. It’s VERY POWERFUL and a weapon I recommend all my clients have in their negotiating arsenal.
(To have all 5 secrets of the series emailed to you instantly, CLICK HERE. Otherwise, check back in a few days for the next secret of the series)
- Market Positioning: One of the biggest mistakes real estate brokers make when taking on a new listing is not gathering enough data or analyzing the data they have collected incorrectly when it comes to pricing a home or property. Positioning the home properly to the buying public is the first step in a successful real estate marketing campaign.
- Price the property too high and buyers simply will not make offers in fears of offending the seller. Furthermore, the buyers who would actually be buyers for the particular home will be priced out of contention and most likely will not even look at the home.
- Price the property too low and you have left money on the table. Nobody wants to sell his or her property for under market value and nobody should. The ultimate goal is to sell the property quickly and for full market value within the confines of the seller’s goals. Pricing a property too low generally does not meet the seller’s goals and is a mistake that happens all too often.
What do you do? It is of paramount importance the real estate broker hired to sell the home understands how to properly price a home to net full market value. Gone are the days where a few local comparable homes are looked at to arrive at the selling price for the subject property. A thorough, in depth analysis of 15-25 homes and recent market data and conditions are required to accurately arrive at the correct listing price. This process will likely take the broker 3-5 hours to complete but, pricing the property is too important to overlook and must be done correctly. Don’t let the next broker you hire give you a ten-minute opinion based on a few comparable homes of why your home should be priced where they say. They should provide you with a detailed analysis of why and how they arrived at the listing price. This explanation will take some time but, it will prove the broker has done their homework and truly knows how your home should be positioned in the marketplace to net you full market price in a reasonable amount of time. Don’t just trust a brokers opinion, make them show you the data to back it up.