Thursday, November 19, 2015

As Is, Or As It Will Be?

Property owners often think they cannot sell their house unless it is in perfect condition. They have a misconception that they must fix and renovate their house to be able to sell in today’s market. They hesitate to sell their property "As Is."



While in most situations move-in ready condition is highly desirable, not all sellers can afford the time or expense to undergo this process. 


Reasons


There are various life events that can happen making it difficult for an owner to present a house in move in condition:

  • The most common reason is a financial hardship. If a seller doesn’t have the financial resources to fix the house, then there may not be a choice.
  • If there is a serious illness in the family, a seller may need to move immediately, or just be preoccupied with health matters and cannot undertake the extra burden of renovation. 
  • Divorce or the death of a spouse may leave one party overwhelmed or unable to prepare the house for traditional sale
  • Sudden relocation for career or family may leave an owner with other priorities and long distance renovations may not be an option.
  • A disaster such as a house fire, structural failure or flood may be too extensive for a property owner to take on if they have abandoned the property.

Disclosures

 


When selling a house in As Is condition, it is very important to be honest with buyers. Disclosures are a good way to objectively convey the condition of the property.  


There are standard forms for disclosing defects in every state. Some states require more information than others.

 

For more information on disclosures, read: Will Your House... Haunt You? 



Agent or For Sale By Owner


While it is possible to use a realtor to sell a house in less than perfect condition, owners often choose to list these properties on their own. When money becomes an issue, the hefty realtor’s fee may be more money than the property owner can bear to part with.

Selling a house privately is usually a good option, although it may take a little longer, especially during the holiday season.

Pricing


When selling a house that is not in move-in condition, it is important to remember that point when pricing the property. The price of repairs and to some extent, the time and inconvenience of doing the work should be factored in.

The best way to price the house is to research properties that have sold in the area. Once the cost of repairs has been deducted from the price of a traditional sale, you will have a good idea of what your property can sell for. 

It is important to stay open minded about your asking price and not to dismiss any offers without consideration.

Some buyers may offer a very low amount, but wave any inspection of the property. In some cases, having a guaranteed offer may be the best option.

If there is negotiation as to the price, a buyer may end up asking for an inspection of the property. In these cases, the purchase agreement may be contingent on inspection. The buyer will have the right to move forward with the purchase or walk away if any additional major defects are found during the inspection.

In addition, if the price seems too high, a buyer can still ask for repairs. The negotiation could take a lot of time and be frustrating. The sale may be cancelled.

It is up to the seller to determine if they can wait for another buyer at the price they have set, or if it is better to sell immediately and move on.

Specialists


There are buyers who specialize in buying properties in as is condition. When a property is in very bad shape, it is often called “distressed”. These buyers often do not care about the condition at all. 


They have team members that can deal with structural issues, clutter, hoarding and excessive garbage. In this way, the property owner is given relief from the burden immediately.

If you are putting your home on the market, the holidays can be a very stressful time. Most people are not focused on buying a house at this time. This may extend the time it takes to sell your property.
If selling during the holidays isn't something you wish to consider right now, we can help.

If you have come to the realization that it is time to move right now to have a better life, but your house isn’t ready for market, we can help. 

If you are juggling too many responsibilities to sell your house yourself this fall, then there are people who specialize in the sale of properties "as is" - usually within a week to resolve the situation quickly. We have a team of professionals able to assist you immediately.

Contact us for details.


Next time we will look at warning signs buyers look for when buying a house.


So thanks for reading my post. I'm so glad you're here! 

And I really look forward to getting into more great stuff in future posts -- so that you can 

Turn Your House To $OLD!



Feel free to ask me any questions through the contact info below. I would be very happy to help.


Lynda  623-335-2662







_____________
Article Sources:

Lynda Bathory



Friday, November 13, 2015

Thanksgiving Tactics


Thanksgiving is just around the corner, and the holidays can be very stressful when you are selling your house. Everyone knows that to show a house well, it is supposed to be decluttered, depersonalized and staged. Right?



So what is a home owner to do when it is time for a family holiday gathering?

Most people will think that when they are selling their house that they should not decorate for guests. Nothing could be further from the truth!

Showing your house well during the holidays can be a very important strategy to get that sale - fast.

It will help buyers imagine throwing a holiday celebration of their own in YOUR surroundings!

Understandably, you hope that this is the last time you will be celebrating in this house. The temptation may be to go “all out.”

But is that the wise choice?

HOW TO DO IT RIGHT


The key to showing your house well during the holidays is not to have decorations overpower the place. You do not want to up-stage your number one asset – your house. Keep the decorations festive, but perhaps scaled back so buyers do not have a difficult time seeing the architecture.


It is important not to have decorations interfere with traffic circulation in and around your property (above left and center). Too much decoration may make it difficult to actually see the condition of the property. In addition, scarecrows as in the photo (above right) may make some people uncomfortable.


These entrances still show a welcoming holiday atmosphere without impeding traffic flow, or visual inspection of the house's exterior. Note the image in the center where pumpkins have been used to boldly show the house numbers. Very clever!


On the inside, it would be better to keep decorations from blocking important features, such as a great view. It is best to keep things in proportion to the space. Resist the urge to go vertical - anything above eye level at standing height will interfere with the buyer's view:


While these arrangements are dramatic, it is important to keep the buyer's goals in mind. 

Buyers are there to see the house!


Keep It Contained


Instead of placing decorations on every surface – which may be very distracting to visiting buyers – choose selected, defined areas to decorate.

If you have a great foyer, some decorations here will help create a festive atmosphere immediately upon entry. It would be the perfect place for a seasonal flower arrangement.

Notice how the arragement on the left uses a mirror as a base. In this way the owners can move it for convenience and cleaning.









The fireplace mantel would also be a great place to decorate. It will be out of the way of buyers touring through your house, and will also help to highlight a very important architectural feature.

Wherever you choose to decorate, make sure there is ample space around the holiday items so that it does not feel crowded, or overpower the room.

Thanksgiving is a holiday that everyone can identify with, but keep in mind that the buyers that tour your home may not share your faith. 

You may wish to keep more personal items for your own holiday gathering.





Ninja Tricks


If your house is on the small side, it might be best to keep decorations to a minimum during visits so that your house does not look cramped or crowded. There are some great ways to create portable decorations that you can set out when it is time to do your holiday entertaining.



Use portable decorative items to instantly add holiday cheer. Baskets, trays and other containers can be arranged ahead of time and set out just before your company comes calling.

Embrace the Outdoors


If you are fortunate enough to live in a temperate area, consider having your holiday gathering outside. In this way you can show off your yard as a perfect place for entertaining. You can set up for a large party without impacting the inside of your hosue.  It will keep your dining room from looking small and overstuffed with additional chairs and accessories.










Glam It Up!


The holidays are a perfect time to add glamour and excitement to your interior. One great way is to add metallic accessories. Using a few select items is the perfect way to add some sparkle without it becoming overpowering. This will catch the buyer's eye and make them linger in the room!



Advanced Prep Meets Sophisticated Style


When buyers visit, they may be overwhelmed if you have every last piece of your china, crystal and cutlery out for your party. 

Look for clever ways to do your holiday preparations in advance, and keep them tucked away. Use trays, baskets and other containers so that you can do your holiday prep in advance and still be able to keep clutter to a minimum for buyers. 

This coffee set-up not only looks beautiful, but you can keep it stashed until your guests arrive.





Staging


No matter how many guests you are expecting, use the holidays as an excuse to stage your dining room. 

Create a festive mood by putting out place settings in an appropriate number for your space. 


Add a few decorative items and candles. Use sparkle to your advantage! Let buyers think that you will be entertaining very soon. 

Who knows…they may be envious and want your lifestyle!







If you are putting your home on the market yourself, the holidays are a very stressful time. If selling during the holidays isn't something you wish to consider right now, we can help.

If you have come to the realization that it is time to move right now to have a better life, but your house isn’t ready for market, we can help. 

If you are juggling too many responsibilities to sell your house yourself this fall, then there are people who specialize in the sale of properties "as is" - usually within a week to resolve the situation quickly. 

Contact us for details.





Next time we will look at how to sell a home in as-is condition.


So thanks for reading my post. I'm so glad you're here! 

And I really look forward to getting into more great stuff in future posts -- so that you can 

Turn Your House To $OLD!



Feel free to ask me any questions through the contact info below. I would be very happy to help.


Lynda  623-335-2662







_____________
Article Sources:

Lynda Bathory

Friday, November 6, 2015

Size Matters

Small spaces can be challenging when selling your house. The temptation is to fit in as much as possible to make the room seem fully functional. But is it a good idea?



Probably not!

The best way to show off a small space it to pare it down as much as possible to give the space “room to breathe.” This isn’t necessarily a small space trick – it is an important part of depersonalizing and clearing clutter.

What are some of the best hacks to make the space flow and feel larger than life?

Color


There is a popular myth that small spaces should all be white or pastel. If this is your taste, go for it! However a dramatic color will give the room a sense of depth and when done correctly will give the room added interest, and highlight any architectural features.

If you are planning to repaint a small room for sale, just remember to use neutral color – unless there is a very compelling reason to go bold!

One of the best ways to make a small room feel larger is to bring color from an adjacent or adjoining room. This will help the eye flow from one space to another giving the illusion that the space is bigger than it actually is.

The medium deep taupe of these walls add interest to this room and work well with the neutral furnishings.




Scale


Some people think that one must use small scale furniture in a smaller room. Nothing can be further from the truth! While a pair of facing love seats may work better than a large sofa, a small frame may just emphasize that the space is small. Keep furniture lines simple and tailored for a streamlined look.

Use comfortable furniture, but use only the pieces you need to make the space work. If one stylish table makes the room useful, don’t try to fit in three small pieces in various places. If a coffee table will impact traffic, use two end tables instead. 

When staging to sell, don’t be tempted into using multifunctional pieces – such as an ottoman or trunk -- for storage. These pieces often weigh down a room and work against the illusion of more space. Where ever possible, eliminate clutter.

The room on the right uses sleek modern pieces for a well appointed room.

Pattern and Texture


Pattern and texture are a great way to add interest and personality to a room. 

Instead of overall patterns on furniture upholstery or bedding, opt for accent pieces that compliment the furniture and d├ęcor. 

Throws and accent pillows are a great way to add a splash of color without overpowering a room.

In this example, the color pallete is neutral with an accent wall that draws the eye into the room. Paired with a matching throw, there is good flow between colors and the different scales of texture in the room.





Impact


While it is usually a good idea to clear as much of your personal belongings away as part of staging, plan to keep some interesting art, or a curated collection of objects for interest and focus. 

Even in a small space, a bare wall is just a bare wall. Use these objects to highlight the room’s great features – such as a mantel or built in shelving or cabinets.

If you are fortunate enough to have tall ceilings, use art as a way to draw the eye up. Vertical height can be a great way to give the illusion of more space.


Windows


Many people are tempted to remove window treatments to make the room feel larger. 

Unless you have a spectacular view that is the focal point, this usually just makes the room look unfinished. Instead use window treatments with crisp clean lines – avoid anything with a lot of volume or billowing draping. 

The best way to be inspired is to look through decorating websites for designs that have similar window style and proportions to yours.

The room at left uses floor-to-ceiling drapes in a pale coordinating color. The compact vertical pleats help the eye travel up and down in the small space.




Lighting


Keep fixtures in proportion to the room. Where possible use accent lighting to highlight the room’s features. 

A minimum of three fixtures will keep the space from feeling claustrophobic. Choose lamps with clean lines and keep volume to a minimum.

For added interest and reflected light, consider using mirrors or reflective objects throughout the room.

The room on the right makes great use of a dramatic pendant, well placed pocket lights and an accent light from below for the vase. 

In addition, the glass cabinet doors add interest and sparkle to the room.





If you are putting your home on the market yourself, rececorating may be a very stressful and unnecessary activity.  In addition, if selling during the holidays isn't something you wish to consider right now, we can help.

If you have come to the realization that it is time to move right now to have a better life, but your house isn’t ready for market, we can help. 

If you are juggling too many responsibilities to sell your house yourself this fall, then there are people who specialize in the sale of properties "as is" - usually within a week to resolve the situation quickly. 

Contact us for details.

Next time we will look at preparing for holiday guests while selling your house.


So thanks for reading my post. I'm so glad you're here! 

And I really look forward to getting into more great stuff in future posts -- so that you can 

Turn Your House To $OLD!



Feel free to ask me any questions through the contact info below. I would be very happy to help.


Lynda  623-335-2662







_____________
Article Sources:

Lynda Bathory