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The Importance of
Preparing Your House ... FOR SALE!
by Bob Winkler |
I should
have entitled this article "Sell Your House Faster and For
More Money." It might have drawn more attention to the topic
since when you do prepare your house for sale it will sell
faster and probably for more money. The purpose of this
article is not to explain in detail what you should do in
preparing your home for sale or staging it for showing. The
purpose is to emphasize and explain why this preparation
should be done and how and when to get started.
Realtors often talk about Price, Product and Promotion when
we list a client's home. We, along with the client, will
determine market price, explain what we will do to market
(promote) the house and what the client should do in
preparing the house (product) for sale. If we do our job in
marketing the home and the client does their job in getting
the house ready, we can usually turn to price being the
problem if the house is not selling.
As real estate professionals, we do an excellent job in
determining price and marketing the property. However, as
hard as we try, we do not do as good a job in getting our
clients to prepare their homes for sale. Why? Well,
determining price and marketing the home is easy ...
basically, that is what we do for a living. On the other
hand, our clients do not prepare homes for sale for a
living. They are busy going to their jobs, grocery shopping,
taking vacations, running to soccer games, etc. And, it
costs money to improve and prepare your house for sale.
As the years go by, I am becoming more aggressive in
educating my clients on how important it is to prepare their
house for the market. I recently had two success stories
that help me continue to talk to my clients about taking
this important step. The first was a listing in the
eastern/central part of town. My clients asked for my advice
and followed it to the tee. Their preparation costs were
also minimal. They agreed to rent a small storage unit to
eliminate furniture that made the rooms look smaller and
blocked hallways. They also rearranged the kitchen because a
refrigerator had been placed in a corner where the table and
chairs should have been for eating. We cleaned the windows
and the client agreed to take down the lace curtains which
made the house feel like "gramma's. The house sold for close
to asking price in a few weeks during a period of a buyer's
market. A recent letter from my client stated, "Bob's ...
marketing and presentation advice was especially "right on
mark". The results speak volumes. Bob sold our house in a
very short time ...we also got very near our asking price
and we settled at a price higher than we were expecting.
The second success story was a bachelor living on a very
busy street. Basically, his house was in good condition. We
did, however, bring some of his furniture up from the family
room to be staged in an empty living room, replaced the
screen on the front door, cleaned and organized the garage
and edged the front lawn for greater curb appeal. The house
sold in a relatively short time for full price, despite the
busy street.
To simplify the process, let me share with you what Martha
Webb and Sarah Parsons Zackheim outline in their book, Dress
Your House For Success. 5: Fast, Easy Steps To Selling Your
House ... For The Highest Possible Price!. These 5 Easy
Steps are: (1) Uncluttering (2) Cleaning (3) Repairing (4)
Neutralizing and (5) Dynamizing. Just thinking about these
five areas could help you get started. Details on how to go
about completing this process can be obtained from further
reading or consulting your real estate professional.
When I meet with clients to list their home for sale this is
the discussion I will have with them:
1. We have to start thinking of your home as a product for
sale, it is no longer your personal possession.
2. It may seem like I am on the edge of offending you when I
suggest things to do in preparing your house for sale.
However, this is not my objective. My objective is to be
candid and my responsibility is to help you sell your house
in the shortest period of time for the highest price.
3. Tell me what your budget is and what amount of time you
want to devote in getting your home ready for sale.
4. Using the 5 steps mentioned above, let's outline the most
effective things we can do in getting your house ready to
sell, taking into consideration your budget and the amount
of time you have to devote to the process.
In conclusion, selling your home is a business and in all
businesses "you have to spend money to make money". I am
often amazed as I show property what people will not do to
try to sell their home. If it is the Fall and you plan to
sell your home in the Spring, contact a real estate
professional immediately for advice so you have the time to
prepare your home over the ensuing months. If you plan to
sell in maybe five years and know that major remodeling will
be needed to sell your home, do the remodeling now and enjoy
the pleasures of a new room for a number of years.
Just remember that preparing your home for sale is just as
important, if not more so, than pricing and marketing plans.
Bob Winkler
Broker Associate
Distinctive Properties Ltd.
55 Madison St. Suite 155
Denver, Co. 80206
303-316-2134
bob@bobwinkler.com