Patricia M. McCorry, JD, CRB, GRI's Blog
An open house represents a valuable opportunity for a home seller. If a seller plans ahead for an open house, he or she may boost the likelihood of hosting an unforgettable event that showcases the full beauty of a residence. As a result, this seller may receive multiple offers on his or her home as soon as the open house reaches its conclusion.
Believe it or not, preparing for an open house can be easy. Now, let's take a look at three tips to help a home seller get ready for an open house.
1. Perform Extensive Cleaning
A neat, tidy home is ideal, particularly for a home seller who wants to enjoy a fast, profitable home selling experience. Thus, if you allocate the necessary time and resources to clean your residence now, you may be better equipped than ever before to host a successful open house.
To clean your home's interior, you'll want to take a room-by-room approach. Wipe down each room's walls, mop or vacuum the floors and remove any debris.
Moreover, you should spend some time mowing the front lawn, trimming the hedges and performing assorted home exterior maintenance. And if you need extra help along the way, don't hesitate to reach out to a professional landscaping company, either.
2. Declutter As Much As Possible
Clutter can make it tough for a homebuyer to envision what life may be like if he or she buys your residence. Therefore, you'll want to remove as much clutter as possible prior to an open house.
Oftentimes, it helps to rent a storage unit where you can store assorted clutter until you finalize a home sale. A storage unit generally provides a safe and affordable option for home sellers who want to safeguard various belongings over the course of several weeks or months.
On the other hand, it may be beneficial to sell excess items online or host a yard sale. Because if you can sell items that you no longer need, you can declutter your home and earn extra cash at the same time.
3. Collaborate with a Real Estate Agent
Hosting an open house may prove to be challenging, particularly for those who are trying to work alone. Fortunately, real estate agents are available who can help you take the guesswork out of getting ready for any open house, at any time.
A real estate agent is happy to provide comprehensive support at each stage of the home selling journey. As such, he or she will help you enhance your home and ensure it is open house-ready.
Usually, a real estate agent will offer personalized recommendations to help you prep your residence for an open house. This housing market professional also will promote your open house in the weeks and days leading up to the event. And when the open house ends, a real estate agent can provide honest, unbiased event feedback as well.
Host a successful open house – use the aforementioned tips, and you should have no trouble achieving the best-possible results during an open house.
If a buyer rescinds his or her offer to purchase your house, there is no need to stress. In fact, there are many things you can do to rebound quickly, such as:
1. Address Any Problems with Your Home
Try to find out why a buyer chose to walk away from your residence. That way, you could receive valuable insights into any problems with your home.
For instance, if a buyer discovered myriad home problems during an inspection, you may want to devote time and resources to address these issues. Or, you may want to reduce your house's initial asking price.
You may want to hire home improvement professionals to perform assorted property upgrades as well. By doing so, you can receive comprehensive assistance with home repairs and ensure any property issues are resolved immediately.
2. Promote Your Home to Buyers
A home deal that falls through is not the end of the world. Thus, you should be ready to re-list your house and promote it to buyers. Because if you reenter the housing market, you can move one step closer to selling your home.
As you promote your home to buyers, you should keep your residence looking great both inside and outside. This will help you boost the likelihood that buyers will fall in love with your residence as soon as they see it.
Don't forget to consider the buyer's perspective, too. If you think about why a buyer might choose your home over other available residences, you may be able to highlight your house's distinct features to the right groups of buyers.
3. Consult with a Real Estate Agent
Let's face it – you may feel disappointed and frustrated if a buyer rescinds his or her offer to purchase your house. But if you work with an expert real estate agent, you can get the help you need to streamline the house selling journey.
A real estate agent understands what it takes to sell a house, and he or she is ready to assist you in any way possible. First, a real estate agent will learn about your home and ensure you can promote your residence to the right groups of buyers. He or she next will showcase your residence to prospective buyers and host home showings and open house events. Finally, if a buyer submits an offer to purchase, a real estate agent will help you review the homebuying proposal so you can make an informed decision.
Best of all, a real estate agent can help you minimize stress as you navigate the home selling journey. If you ever have concerns or questions during this journey, a real estate agent will respond to them immediately.
The home selling journey may be complicated, and ultimately, a buyer may choose to rescind his or her offer to purchase your residence. However, if you take advantage of the aforementioned tips, you can stay calm, cool and collected in the face of adversity. And as a result, you may be better equipped than ever before to seamlessly navigate the home selling cycle.
Let's face it – clutter can be a problem, particularly for those who intend to sell a home in the foreseeable future. But if you allocate time and resources to remove clutter from your home now, you may reap the benefits of your efforts during the home selling cycle.
Ultimately, there are many reasons for a home seller to eliminate clutter before he or she lists a residence, and these include:
1. You can help a homebuyer envision what life may be like as the owner of your house.
Oftentimes, homebuyers want to picture what life may be like if they purchase a particular residence. Yet a home that is filled with antiques, decorations and other items may make it tough for a homebuyer to do just that.
If you remove clutter from your residence, however, you can make it simple for a buyer to see your home's full potential. As a result, a buyer may be better equipped than ever before to determine whether your residence is the right choice.
2. You can earn extra cash.
Although your house may be loaded with a wide range of personal belongings, you don't necessarily have to throw these items away. In fact, you can always sell excess items to simultaneously remove clutter from your house and earn extra cash.
It may be a good idea to host a yard sale before you list your house. This will enable you to sell excess items as well as inform neighbors about your upcoming plans to add your residence to the real estate market.
Of course, you can sell excess items online as well. Or, you may be able to donate assorted items to local charities.
3. You may speed up the home selling process.
The home selling process may prove to be long and complicated, especially if a house is overloaded with clutter. Thankfully, removing clutter may make it easy for you to stir up lots of interest from potential buyers as soon as your residence becomes available.
A clutter-free residence is more likely to be clean and tidy in comparison to other houses. Thus, when buyers enter a clutter-free residence for the first time, they may fall in love with this house right away. And if a clutter-free home makes a positive first impression on a buyer, a seller soon may receive a competitive offer to purchase his or her house.
If you're searching for help as you try to remove clutter from your residence, you may want to hire a real estate agent. This housing market professional can offer plenty of assistance throughout the home selling journey.
Typically, a real estate agent will help you list your house and promote it to potential buyers. Plus, if you need help as you get your home ready for the housing market, a real estate agent will make it simple to prepare your residence and ensure it makes a positive impression on buyers.
Eliminate clutter from your house, and you may increase the likelihood of a fast, profitable home selling experience.
Creating just the right amount of curb appeal can be a delicate balance, but one thing's for sure: Many real estate agents firmly believe that it is the most important factor affecting how long a property remains on the market. That being the case, it's a phase of preparing your home for sale that you don't want to neglect or put on "the back burner."
If your home and property is in reasonably good condition, it may be possible to give it some extra eye-appeal without going overboard on the cost. Here are a few curb-appeal basics to consider as you get your house ready for the real estate market.
Painting: If it's been more than a few years since the outside of your home has been painted, it may be time to either repaint the entire exterior (which won't be cheap) or do some extensive "touching up." Sometimes, simply repainting window trim, shutters, and the front door can help visibly improve the overall appearance of your property. In general, peeling or fading paint will negatively impact the marketability of your home, so it's an issue worth addressing early on.
Power washing: A professional power-washing service can remove unsightly stains, layers of dirt, and discoloration from concrete surfaces, fences, roofs, garages, garage doors, and your home's exterior. One cautionary note about power washing: Applying too much water pressure can potentially cause damage to materials like loose roof shingles, older painted surfaces, crumbling concrete, old slate flooring, untreated wood, and aging fences. Special instructions may need to be given to workers and their manager, regarding delicate surfaces and the need to adjust water pressure accordingly.
Front porch: There are a lot of nice touches you can add to a front porch to make it look more inviting and visually appealing. In addition to making sure floors, steps, railings, windows, and furniture are immaculate, inexpensive upgrades, such as a new welcome mat, mailbox, and house numbers can also make a noticeable difference in the impression you create. Weather permitting, colorful potted or hanging flower baskets will enhance the aesthetic appeal of your property. As is the case with interior home staging, strategically arranging furniture can help prospective buyers imagine themselves relaxing on your porch and elsewhere in your house. That can be a key step in triggering their interest.
Landscaping: When your house is on the market, it's crucial to keep your lawn and shrubs looking manicured at all times. Any hint of overgrowth, dying trees, or weeds can send the wrong message to potential buyers about the quality and desirability of your home. Edging for lawns, flower beds, and sidewalks can often be a relatively inexpensive way to enhance the eye appeal of your property.
A seasoned real estate agent can provide you with more cost-effective ideas on sprucing up the outside of your house to attract prospective buyers.
If your home is on the market, you may wonder why it hasn’t moved off the market. There are many ways to make adjustments to the price of your home, but if not done correctly, you could sabotage the sale of your home. Let’s say that you have your home as an FSBO (For sale by owner.) Buyers may wonder what’s behind the price of the house. Does the seller genuinely want to move the home to the sold category quickly? Why has the home been for sale so long?
You could face the same problems if you’re working with an agency. The difference is that s a seller, the agency is by your side, helping you to make the right decisions when it comes to pricing your home.
You need to be realistic when pricing your home as a seller. Of course, you want to make a return on your home. Of course, you think your home has great value. The critical point is that you need to understand the state of the market along with the neighborhood your home is located. So much goes into the pricing of a house.
Along with your agent, you can do some investigating to see where some improvements could be made in marketing your home. Look at the following:
How has the house been received on the MLS?
Are the significant benefits of the home highlighted?
How many open house opportunities did buyers have?
Are there good pictures of the house online?
Do the signs leading to the house stand out?
Can you add anything to the marketing of the home like a virtual tour?
While real estate agents have general guidelines as to how a home at a certain price point should be marketed, you can always be your own advocate.
The Consequences Of High Pricing
If you price your home too high, there are some consequences. Your home will stay on the market for an extended period of time if it's overpriced. Buyers will wonder why the house has been listed for so long, wondering if there’s something wrong with the property. Buyers will wait even longer to bite on the home in these circumstances because they are waiting for a price drop.
The best thing you can do in this circumstance is to take your home off the market. Work with your real estate agent. He can let you know whether it’s a good time to re-list the home. Perhaps you can make some improvements to the property in the meantime. A fresh listing and a clean look at the house may help buyers to find the property more easily at a price that pleases them!