Selling a home is all about presentation, which is why home staging is such a big deal. A vase of flowers, a bowl of fruit—such details can really draw buyers in. And yet on the flip side, certain items lying around your home can kill any potential for a sale.
While you might think common sense would prevail and prompt people to hide this stuff, we think it’s worth reminding y’all, just in case. Before showing off your home to buyers (or any guests for that matter), make sure to stash these 10 things out of sight.
Let’s state the obvious, shall we? Even if it’s legal in some states, not everyone approves of marijuana. Get your 3-foot bong off the coffee table and into storage, clean out the ashtrays, and stash the rolling papers. Now is also a good time to remove the “Yes we cannabis!” posters and your stack of “High Times” in the bathroom, too.
Mousetraps and roach motels
There’s no better way to say “This place is crawling with critters!” than to display these sure signs of aggressive pest control. Just tuck those items underneath the fridge, and pray the things they’re trying to catch don’t scuttle out when prospective buyers walk through the door.
Cameras by the bed
If you and your partner like to make your own private videos, more power to you. Just remember to move the camera.
Any kind of sex stuff, honestly
Personal massagers, oils, condoms—pack ’em up in a box and stick it deep in your nightstand or closet. Yes, it may sound obvious, but we’ve all stumbled across these items in someone’s home at some point. Awk-waard!
We understand hunting is a hobby, and we’re not here to judge you (not much anyway). But multiple animal heads on the wall and an upright stuffed badger chillin’ in the parlor can give an otherwise great-looking room a creepy or foreboding vibe.
For buyers, a new home often means the start of a new life, or an infusion of new possibilities. Dead animals, well, they can impose a feeling of dread that can linger throughout the entire showing (and perhaps long after). And those buyers who straight-up hate hunters may make a snap judgment not to deal with you. So even if you stuffed the beloved family pet, just keep it out of sight.
Firearms and other combat weapons
If you’re a gun aficionado, make sure your rifles are tucked away in a safe. For other weapons—like combat knives, throwing stars, swords, great axes, spears—try and clear them from view, or at least put them behind glass. Preferably in a cabinet that locks.
Rooms stuffed with porcelain dolls, celebrity shrines, human skulls, a vast collection of disturbing cinema—these are things that could put buyers off. Way off! You want them to envision their own lives and family in the house; showcasing a collection of something that could be in a museum of medical oddities will only make people think of “Silence of the Lambs.”
With a particularly contentious political season in full swing, you should get rid of any kind of party affiliation or presidential endorsement. The last thing you want to do is bring politics into a home sale, or have that topic come up at closing. Do a political purge, and get rid of any party signage.
You’re great, really. But when you’re showing your home, you need to make yourself scarce. Seriously. It’s something real estate agents really hate.
Not the movie—we’re referring to your loved ones. An urn carrying ashes of the deceased framed by family photos is a touching tribute, but unfortunately not something a lot of buyers want to see. You don’t have to sweep your loved one under the rug, but you may want to temporarily relocate them when home buyers come around.
When thinking of selling contact a professional that cannot advise you the best way to show your house but has connections with staggers at an affordable price to assist you preparing the house to bring you the most money the market allows. Call us at 714-698-9655 we are a full service real estate with stagers, professional photographers, a marketing division and much more.
That’s why coming up with a real answer to this question is important if you want to sell your home—and pinpoint the right asking price. If not? It’s kind of fascinating to see how much your investment may have appreciated over the years. But how do you find this magic number? Here are some ways to figure it out.
Get an online home value estimate
One good starting point is to enter your address onrealtor.com®, which will instantly price your home based on data such as its square footage and recent home sales in the area. But while this will help you get a ballpark idea, remember that there’s no substitute for the expertise of a Realtor®, who has access to a vast database of information to help you home in on that number.
Tap a real estate agent’s expertise
Real estate agents specialize in answering the question “how much is my home worth?” for their clients, which they do by running a comparative market analysis. This process involves finding similar properties (“comps”) that sold within the past 90 days.
The most accurate comp is a home that’s nearby, similar to yours in square footage, and has the same number of bedrooms and bathrooms. (Ideally, the lot size is also equivalent, but that’s more important in rural areas, where homes are set on multiple acres.) Once your agent finds a few recently sold comps, then she averages the purchase prices and uses that figure as a baseline for how much your home is worth.
Size up the competition
From there, your agent will size up the current competition.
“You should always look at what other properties are listed for in your community,” says Chris Dossman, a real estate agent with Century 21 Scheetz in Indianapolis. For instance, “if your neighbor’s home is listed for $400,000 and you want to list yours at $500,000, you’d better be able to clearly explain the price difference to prospective buyers.” Or else adjust your price accordingly.
Consider how buyers shop
Sellers need to consider how home buyers search for properties online. Let’s assume your home’s fair market value is $503,000.Yet Dossman points out that many people search for homes on the web using $20,000 or $25,000 increments. The upshot? Listing your home for $503,000 could prevent your listing from being seen by buyers who are searching for homes in the $475,000 to $500,000 bracket, so knocking off $3,000 for an asking price of $500,000 might generate more traffic—and maybe even a bidding war to push that price above your expectations.
Also, avoid listing your home at an odd dollar figure (e.g., $999,000 instead of $1 million). While retailers and as-seen-on-TV purveyors of the Miracle Mop effectively price products ending in $0.95 or $0.99, Dossman says the same approach doesn’t apply to real estate: “It’s hard to justify awkward pricing. It’s just confusing to buyers.”
Try to remain objective
“Sellers always think that their home is worth more than it is, because of their personal attachment,” says Dossman. Indeed, it’s hard to boil down years or decades of memories in a home to a number. It’s also hard to accept that your home is worth less than what you paid for it, or that you can’t just tack on the price of the renovations you’ve made. On average, renovations will reap you only a 64% return on investment, although that varies based on the type of upgrades you’ve made.
Why it’s important to price your home right
Price your home too high, and it could wind up sitting on the market. That’s a big problem, because a property that goes unsold for an extended period of time (e.g., more than 30 days) often becomes stigmatized.
“Buyers get suspicious when they see a house that’s been on the market for a while,” says Dossman. “They think that something is wrong with the home.” If that’s the case, the seller may have to make a significant price reduction—sometimes dropping the price below market value—in order to nab a buyer.
Pricing your home below market value in an attempt to stir interest and generate multiple bids can also backfire. Granted, the strategy that could work in a hot seller’s market, but underpricing your home frequently leads buyers to assume that your home is worth only its list price, says Dossman.
Your best bet: List your home close to what it’s really worth—aka its market value. When in doubt, turn to your real estate agent to help you cut through the haze and help you pinpoint the right price.
When thinking of selling our home, contact us to receive a FREE detailed market analysis of your area, and have a closer look of what you local real estate market looks like. For periodic information in your zip code, please email me at email@example.com with your zip code and email and I will send it to you a monthly information on all the real estate activities.
If you’re getting ready to sell your home, finding a listing agent should be at the top of your to-do list. But just what is a listing agent? You might have a vague mental image of someone who plants a “For Sale” sign on your front lawn and shows potential buyers around your place, but there’s plenty more to it.
Here’s a primer on what a listing agent does, how the agent makes or breaks your sale, and how to find the right agent for you.
How listing agents help you price your home
How much is your home worth? That’s a hard question to answer. You can get an estimated value by entering your address on realtor.com®, but from there you’ll want to do some fine-tuning—and that’s where a good listing agent can help.
And the stakes are high: Price your home too low, and you could lose out on a lot of money. Price it too high, however, and the picture isn’t pretty either. While it may be tempting to work with an agent who says he can fetch a fortune for your home, overpricing may mean your home languishes on the market for months or even years—making buyers wonder if something’s wrong with your home and lowball you anyway.
“Listing agents have many duties and responsibilities, but at the top of the list is to properly price your home,” says Janine Acquafredda, a Realtor® with House-n-Key Realty.
To do this, a listing agent will analyze the sales prices of comparable homes, or “comps,” in your area to see where yours should fit in, and advise you accordingly.
How listing agents help you sell your home
After you determine an asking price, a listing agent should provide you with a comprehensive marketing plan detailing how she’ll get your property sold. This plan should include the following:
- Recommendations for home improvements or home staging, if necessary. Yes, these alterations will cost you time and money, but they will improve your chances of a faster sale and higher asking price.
- Taking photos or hiring a photographer who will be able to highlight your home’s best features.
- Adding your home to the multiple listing service, where home buyers and their agents can view your property and decide if they’d like to come visit for a closer look.
- Advertising and holding open houses.
- Coordinating showings with prospective buyers.
How listings agents negotiate with buyers
Once you get an offer on your home, it’s the listing agent’s job to present it to you and advise if any haggling needs to be done. For instance, if you get an offer way below asking price, your knee-jerk reaction may be to refuse in a huff. But a listing agent might be able to negotiate with the buyers and bring that price up to a decent level—or, if the buyers truly can’t budge much, find other ways to sweeten the deal like a fasterclosing date or waived contingencies. These compromises can actually save you tens of thousands of dollars.
How to choose a listing agent
If you’re looking for a listing agent, you can find ones in your area at realtor.com/realestateagents, where you’ll find such details as their years of experience, number of homes sold, clients’ reviews, and more. Don’t just move forward with the first agent you meet. Choose at least a few and ask them some questions to assess whether they’re right for you.
Here are some questions to ask a prospective listing agent:
- How many homes have you sold in this area, and how long did it take?
- In what price range do you sell most of your homes?
- Do you have advice for me about the condition of my home, and what could be improved to glean a higher sales price?
- What is your marketing plan?
- Can you recommend contractors, photographers, moving companies, etc.?
- Are you a member of the National Association of Realtors®? (Realtors must abide by the group’s code of ethics.)
- Is this your full-time job? (A part-time agent is not a problem, but you will want to gauge her availability during off-hours.)
- How often will you touch base with me?
- Are you planning any vacations, and if so, who will back you up?
How much listing agents get paid
Listing agents don’t receive a dime unless your home gets sold. If it does, the typical agent commission is 6% of the price of your home (which is typically split between the listing agent and the buyer’s agent). This price may seem substantial, but consider this: For every hour an agent spends with you, he will spend an average of nine hours behind the scenes working on your behalf. In other words, listings agents work hard to earn that commission and get your home sold.
When looking to sell your home, make sure to get references from past sellers to see how your agent truly performs. For any of your real estates needs call us at 714-698-9655