Staging is a crucial process for selling a home, and it involves arranging furniture and decor to highlight the best features of your home. To make your home more appealing to buyers, follow these home-selling tips: clean thoroughly, vacuum, sweep, and mop.
Take the median sold price for your market data and divide it by the median square footage of a home in the market data. If your home is really dated but you love it but feel a little tired, try foolproof tips to prevent it from looking dated. Offer to purchase or go 50/50 with the sellers on a pre-listing home inspection.
Painting rooms with neutral colors is the best way to make them seem cleaner. Putting down new neutral carpet is the second best money spent. Paint the walls and exterior of your home, update hardware and fixtures, replace the front and garage door, and spruce up outdoor landscaping. Repaint any woodwork that has been scuffed, and remove all old shampoo bottles and half-used soaps. Vacuum out cabinets and remove evidence of hair, pets, or people.
Tidy up your home and showcase potential with virtual renovation photos. With the right approach, you can make an old home more appealing to buyers. Wallpaper is generally considered a turnoff to about 90% of buyers, so there are ways to decorate homes with neutral backgrounds and accessorize. Improvements generally include painting, furniture re-arranging, new window treatments, and more.
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What is the 3 foot 5 foot rule in staging a home?
The 3-foot, 5-foot rule is a strategy for staging a home that considers both up-close details and the overall design. Details such as décor and countertops are observed from a distance of approximately 3 feet, while the overall design becomes apparent from approximately 5 feet away.
Is it okay to leave stuff behind when you move?
If you accidentally leave something behind, contact your landlord or leasing agent immediately. Intentional leaving may result in cleaning charges, and leaving furniture by a dumpster or selling it online may be a better option. Food left in the refrigerator during move-out is not always okay, as it can result in cleaning charges in some lease agreements. Check your lease and dispose of the food yourself.
Should I leave my washer and dryer when I sell my house?
The article suggests that leaving your appliances behind during a move can help you score a better home sale. First-time homebuyers tend to prefer fully loaded homes with minimal maintenance or upfront purchases. The condition of your appliances can also be used as a bargaining chip when listing your home. Your realtor can assess the home’s value based on the condition of the appliances, potentially earning you more on the sale. Additionally, leaving a few appliances behind during the move can save time and money on transportation, as it eliminates the need for heavy appliances to load and unload.
What is the market value of the house after repairs are done?
The After-Repair Value (ARV) of a property is the market value of the property after completing repairs, renovations, and improvements. It is the fair value of a property once these improvements have been implemented. Commercial real estate investors, who engage in the value-add strategy, rarely lease out rental units immediately post-closing of a transaction, as they do not anticipate the value anticipated from these improvements.
What makes a home stand out when selling?
Selling a house doesn’t require a complete overhaul, but rather enhancing the most visible surfaces and areas that create the first impressions of the home. This can be achieved through curb appeal, entryways, and simple fixes like removing overgrown shrubs, cleaning gutters, planting a new flower bed, or adding a low-cost bench to the front porch. These simple, low-cost upgrades can make the home more appealing.
Staging a home for sale is a popular strategy, often involving professional home stagers who can rearrange furnishings and interior decor to convey value to buyers. Using your own belongings to create an impact can also be beneficial. For example, if a combined living and dining room is used, arrange furniture to clearly show buyers which room is which and draw attention to key features like a fireplace or beautiful chandelier.
Professional staging is an art and a science, with sophisticated strategies that can make your home look its best and command attention from buyers. Investing in professional staging services can help you sell your home faster and generate a higher selling price, depending on your location and the amount of help needed.
How long does seller’s remorse last?
The phenomenon of “seller’s remorse” is a relatively uncommon yet long-lasting emotional state that can persist for years. This is an advantageous quality for those contemplating the sale of their property in a market that is favorable to buyers.
Are repairs a selling expense?
Deductible selling expenses for rental property include advertising, broker fees, legal fees, and repairs. These expenses must be itemized on your tax return and be for services related to the property sale and considered “ordinary and necessary”. If you’re unsure if an expense qualifies, consult a tax expert. Here are 10 common deductible selling expenses you can claim when selling a rental property:
What is the biggest regret of home buyers?
A survey from Clever Real Estate has revealed that 82% of home buyers express regrets about their recent property purchase, with the most common regret being buying a home that requires too much maintenance. 28% of buyers were shocked by the cost and time needed to maintain their property, with one-third blaming the seller for not being upfront about the required maintenance. The second most common reason for their regret was that the home did not meet all their needs.
The survey also found that respondents rated an updated kitchen, remodeled bathroom, and contemporary lighting as the most important features during their home search. The researchers suggest that buyers should look beyond the facade to a home’s underlying qualities, as cosmetic fixes can mask structural problems that may cause safety hazards and lead to expensive repairs.
How much should I spend on house repairs before selling?
Selling a house in California can be a stressful experience, especially if the property needs repairs. However, in California, it is not required to make repairs before selling. Common repairs and associated costs include electrical updates ($200-$600), HVAC servicing ($100-$500), painting ($1, 000-$3, 000), and foundation repairs ($2, 000-$7, 000).
To decide whether to sell your house “as-is” or fix it up first, consider the costs associated with each repair. Osborne Homes offers a solution that allows you to sell your house without making any repairs, saving you money, time, and effort. By considering these costs, you can make an informed decision about whether to sell your house “as-is” or fix it up first.
How do I get over my regrets selling my house?
The emotional distress experienced by a seller who has made a mistake can be significant. However, by gaining insight into the underlying causes of this distress and focusing on the future, it is possible to reduce the negative effects on the individual. It is important to allow oneself sufficient time to adjust to the change and to create new memories. It is important to recall that the positive experiences in the previous residence were the source of the affection for that property. With the formation of new memories, it is likely that the same level of attachment will be formed for the new residence.
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New regulations for real estate commissions are set to take effect on August 17. Siyamak sits down with Mike Hickman, President …
I painted my walls gray before it was a trend and I love them. Initially I was baffled when you said it was cold and depressing. As you continued and talked about everything being gray I understood. I have gray walls but I have white trim, oak floors, maple cabinets, a brick fireplace and two exposed wood beams that balance them out. One of the reasons I like the grey is because I love color. The gray walls are a neutral palette that allows me to change my color scheme easily without repainting the walls.
I live by myself and I don’t want open floor plan! I want different lighting, different paint colour, different flooring (bedroom vs laundry room for example) because I want to feel a different vibe depending on what room I’m in. Contrary to popular belief, having a bunch of separate rooms, preferably with doors, does NOT make your space feel smaller. It makes my 600 sq foot condo feel BIGGER because I have a choice of 5 different rooms and because each one has its own look, I have a feeling of being in an altogether new space each time I enter a room.
Trends come and go don’t they? My grandma’s old house built 100 yrs ago has a defined kitchen, den, dining room, living room like most old houses because people lived that way until a few decades ago when TV shows like Friends got everyone tearing walls out of their house loft style. Now we’re going back to the old way.
Funny, I’m looking at your backdrop of neon rope lit shelves. Please people there is nothing wrong with grey, just warm it up with brown hardwood, throw in some yellow or orange accent peices. There you have it natural natured backdrop. Grey (rocks, tree barks, pathwaysect) Brown (sand, dirt, tree barks ect) Orange and Yellow (sun, flowers ect) Don’t listen to anyone who just want to sell you something that will be outdated soon enough. Flippers, and builders are to blame for blah safe colours or lack of. If you want to sell your house, just price it right.
Grey was always a trend and ive stayed clear from it. I’ve spent over 30 years working in grey offices and I hate it. I love colours and find the best decorating is a blend of neutral (but not boring) walls and good artworks and soft furnishings. At least that way you’re not over stimulated on days when you need to have a calm pallet to look at
I have no gray in my house. It looks like you stepped into 1974, with lots of wood, earth tones, and burnt orange . Luckily, I designed the house for myself, and never plan on selling… so I don’t have to worry about resale value. I will say this, every person who walks into my hosue GASPS, and tells me how gorgeous it is… so I know I’ve done something right.
There is another problem with the grey / minimalist house when sellling – I looked at a number of homes and quite honestly I could not tell them apart. It used to be at least there was a touchstone like “the house with pink bathrooom.” Although 95% of the realtors in my area try to sell that you have to turn a house into the grey shell and o yes the kitchen should be gutted and redone every three to five years! When I sold my house, theyoung buyers all wanted complete neutral, no walls and the wood floors were too orange and reddish. Great presentation!
Tasteful selections never go out of style, clean and neat never go out of style, simple elegance never goes out of style. Buyer turn offs have remained steady over the decades: clutter, over personalization, homes needing major renovation. People who do not clean up and literally leave junk out when their listing pictures are being taken are just doofuses – they deserve the slow sale and low bids.
I have the gray wood look tiles throughout my house. I LOVE IT. Houston Texas. Hot as heck and gray is cooling. Plus I have red Persian rugs on them. They are STUNNING. Absolutely stunning. Even had carpet removed from master and front bedroom replaced with same tile. House is 6 months old. All cabinets are white. No gray paint. And the tiles are really gray. Mixture of gray hues. Love love love it. Had hardwoods before and I HATED them…. Never again. I have fish tanks and plants! Tile is perfect! Same as front loading washing machine. Never again!
Thanks for the tip. My house has all grey tile for floors as well as grey cabinets. It’s a spec home and that is what the builder put in. My previous home had dark brown stained cabinets. There was a time when an all white kitchen was popular. How about black countertops and honey maple cabinets with gold tone cabinet hardware? Very popular at an earlier time.
This was very interesting and a bit surprising especially the last segment about “lived in” look and warm colors. Most of the recommendations I’ve seen recently suggests to have the least amount of stuff in every room, and that wall colors should more very neutral or shades of white. The open floor plan is a tough one to fix without some construction to “wall in” some areas. Our house was built on the late 1990’s, and it is a very open floor plan for the common areas. Sound does travel!
I have never followed a trend in my entire life. More often than not “trends” are in net contrast with good taste and so I truly love my “traditional ” homes, with lots of rooms, beautiful hard wood floors, not grey, of course, wood cabinets made from solid cherry wood, and so on. Each room is painted with warm colors, looking good today and 10-20 years from now. And ditto for furniture, buy good solid all wood pieces, and proudly Made in the USA, or Italy for leather and not China, and you’ll be rewarded by many years of enjoyment. My 2 cents on this topic.
Out here in the Southwest, 99% of the new homes are open-concept with white or gray cabinetry. Many never want to see the 1990-2000″s oak cabinets again. I would think the oaks and walnuts would be more popular in the Midwest or the East Coast. The problem with dark cabinets and dark colors is they are depressing to look at all the time. But like you said, at the end of the day if the house is nice and taken care of it will sell.
You people just need to stop spreading false information: 1. Nothing wrong with grey flooring if done right! I will buy grey LVP/hardwood floor home in a heartbeat. There are actually natural wood that comes in grey and very durable like Western Red Cedar and Siberian Larch. 2. Open concept is not going anywhere. No, I’m never buying a home with closed kitchen except there is possibility of opening it up. Most of your opinion are your personal choice, that doesn’t represent what buyers want.
I would kill for white kitchen cabinets. Seriously, i have these 1976 dark brown wood stain cabinets. WHY do people do that? I can’t paint these things. If they were White, I could paint the walls every few years to freshen the look. White Cabinets, people. Don’t put some dumb color or stain cabinets in. You will regret it. No wood. NO. Never.
To a real estate agent, it’s always a good time to buy, regardless of market conditions, because the agent will make money from the transaction no matter how bad a deal is made. Buyers and sellers can never trust the advice of real estate agents, because the agents represent their own interest above all else.
So great to hear there is someone out there, like Mr.Hickman, who speaks the truth about most real estate agents’ behaviors, which is more about profiting them than earning consumers’ trust and providing the best and most transparent services. Finally, consumers, sellers & buyers, are acknowledged, respected, and appreciated.
The 6% they charge doesn’t include escrow fees and a million other fees.I think the real estate commissions are too high.When you look at the price of homes today it should be a lower number in my opinion. With that in mind however i’ve dealt with seven gables realty an Orange County with an agent named Gilda and that particular case.She was more than worth the fees.She did such an excellent job.I didn’t mind it a bit. We refer to several people and everybody’s been happy with her.
As a real estate agent myself I have always looked out for my clients interest first. Not all agents only look out for themselves (but there are definitely those that do). This is why you as a buyer or seller must do your own due diligence in choosing an agent. The same way you would in hiring a contractor or baby sitter.
Im happy about this. I told my buyers agent if she could get the price down I would give her extra commission. Unfortunately the way it’s been set up, buyer’s agents have a conflict of interest because they get paid more based on the sales price. Their job should be to get the buyer the best deal and they should get paid based on that not on a higher price.
If you DON’T agree to pay a buyers agent, you are only allowing the selling agent to sell your property. If you do agree to pay a buyers agent, you are allowing hundreds or thousands of other agents to help sell your property. If your agent has 0 buyers, you aren’t going to sell your house. If other agents bring many buyers, you will sell your home quicker and for more money. What would you choose?
This whole thing is garbage. It is a transfer of wealth from younger people to older people. Right now most home owners are older and now they have to pay less to sell their home. That means that buyers are now taking on that cost. It is a transfer of wealth. Do not let this man trick you into thinking it is anything else.
Would love to see how this all works out. The old way was actually a great system, now its very confusing and open ended. How can I buy a house, not knowing if the seller is paying the buyers agent, now I have to pay them, so of course I want to take that from the sale price… and what happens during a multiple offer situation. This is a cluster!
Makes no sense to me that you cant basically sell and buy a house on craigslist without any middle men. I just dont get it. Somewhere some people made up some laws to screw people over like not being able to buy a car directly from the factory. There is no reason why I shouldnt be able to just buy my car from a Honda/Ford factory and just have it shipped to my house. I dont get it.
As an insurance agent, I agree this is good for consumer. But at the same time I have many consumer who takes this to another level, where they take your valuable time and energy, only to turn around and say they will do it themself. Yeah, Thanks for wasting your valuable time and energy to answer all my questions, now I can go do it myself. You know my time is what I count on to make my daily living too. So entitled consumer mind set is also a problem in my opinion.
The WORST negotiation is to paya “Percentage” to your buyers agent ‘cause their commission still attached to “negotiate” a higher price. You, as a buyer, do not need to pay 2 or 3% anymore. You can have an agreement with your agent to pay 3 to 5K as a FLAT FEE if you purchase the home that their find for you. That way is no bias on the selling price. And please, REJECT all the “Sellers will help with buyers commission” because the buyers agent will make you pay more telling you that your offer is too low, sound familiar to you?
Buyers and sellers were unaware commissions were negotiable. The broker and realtor are. So, why wasn’t that disclosed. Due diligence – right? What happened when it was the realtors listing? Just took 3%. Yeah…good one. Ever try to negotiate a lower commission? Another good one. Realtors didn’t show your house. Just go to the listing agent and use them as a go between for negotiations between the buyer and seller. After all everything is by the book now. No more shenanigans – right? If the sellers agent says no move on
The problem with the entire real estate industry is that the real estate brokers want to have a monopoly on all real estate transactions. If I want to buy a house, I should be able to go to the seller, or the seller’s agent, and say, show me this house. I don’t need an agent to represent me, because I’m a sophisticated buyer. I can negotiate price with the seller or the seller’s agent. There’s no need for a buyer’s agent. The seller’s agent prepares the contract and the escrow company handles their closing as disinterested party. Same process if I am a the seller and want to do a FISBO, and sell directly to a buyer. If all these extremely hight commissions are taken out the process, homes will become less expensive. Under the new rules some listing brokers won’t show a house unless the buyer has a buyer’s agent on contract. That’s a failure to perform on the part of the seller’s agent, whose job it is to show the property to any qualified prospective buyer, with or without a buyer’s agent involved.
Thank you for this program, the information and your guest. I was so confused and misinformed about this topic and try to read about it but the jargon made it difficult to understand. The host and the guest speaker spoke in plain simple English, I appreciate it. Saved it to my favorites to go back and use it as a reference.
This is interviewing the fox how he feels about the henhouse. Realtors have a host of price fixing and monopolizing practices they do. Hiding the buyers agent fees is just one of them. The MLS was designed to exclude non-“licenced” realtors because they would have no access to listings. Zillow and other companies broke that monopoly. The other one is that once you pick an agent to show you houses in a given area, that agent OWNS you. No other agent will work with you. Further, the buyers agent actually used to search for houses for you. That is no longer necessary. The buyers agent does nothing you could not do by browsing though Zillow listings, but gets %3 of your money for doing that (and make no mistake, YOU pay, even if indirectly). Finally, sellers are duped into believing they can’t sell a house without a realtor. These days you can list a house yourself and not pay an agent.
There is zero need for a buyer’s agent. All of the form processing should be done online by a computer system. Any legal advice or direction should be coming from a real estate lawyer, not a real estate agent. Real estate agents give bad advice all the time and aren’t liable for it; but those they represent have no idea about this. Those buying/selling would be better off knowing they are on their own for legal info and/or could decide to higher a lawyer.
40 years in the business and this seems so silly to me. Buyer has always paid for everything. Honest brokers with well informed buyers will understand total cost involved and discuss what is and isn’t negotiable. A well informed seller understands that it’s all about the bottom line. You get what buyers pay for on both sides.