7. WHILE YOUR HOME IS ON THE MARKET
Take care of your valuables Don’t Stay Around for Showings Tenant occupied properties My Home is not SellingTake care of your valuables Exercise good common sense. Don't leave valuables or cash lying around your home. You never know who will come to view your home. There are times when buyers may ask to view your home on short notice and you will agree. In these situations you won’t have to worry about your valuables if you have already lock them up or hidden them. Most people aren't thieves, but why take a chance? If you have a lot of small valuables that can fit in a pocket or purse, hide them! Remember, in addition to agents and buyers walking through the property, you'll eventually have the termite man, an appraiser, home inspectors, and many others going through your home. Be safe and be smart. Don’t Stay Around for Showings If at all possible, leave when buyers come to look at your home. If this is not possible, then take the dog for a walk. It is very uncomfortable for the most buyers to view a home while the seller is looking over their shoulder. Most people buy a home when they get that certain gut feeling about a home. It's tough to get that feeling if the seller is hovering in the corner watching the buyer's every move. Another reason not to hang around is that buyers sometimes make remarks about your home that you may not want to hear. They may hate the wallpaper or window treatments or your taste in general. Tenant occupied properties If your property is tenant occupied, it can be more difficult to sell your home. Many times tenants are not cooperative when the house they're living in is for sale. You’ll need to talk with your tenants and ask that they cooperate with your agent to help sell your home. I will personally visit your tenants to seek there cooperation and listen to their needs and desires. I will get their agreement to a set of guidelines so that we can keep everyone happy. I always tell them that they will always have a 24 hour notice when there is a showing or any type of inspection. This will usually put most tenants at ease so we can move forward and sell the home. An important point to consider is that most buyers will ask that the property be vacant at the closing. You’ll need to give your tenants a 30 day notice and follow up to be sure they vacate the property or else your sale could fall through. My Home is not Selling If your home has not sold or you haven’t received a reasonable offer close to your asking price after 30 to 60 days on the market, your home is probably overpriced. This is assuming the market is normal and your home isn't located under power lines or next to a garbage dump. If your home is in a good location and there are no obvious defects, it's time to think about reducing the price. Remember buyers make comparisons between properties and choose the best value. Get your agents advice on the price. Your agent will most likely approach you about a price reduction and suggest a new price anyway. Ask your agent to pull the latest sales comps and see if there has been any recent sales or closings. Usually a slight reduction in price may be enough to get an offer on your home unless you overpriced the home significantly at the outset. |