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Seller Tips For A Slow Real Estate Market

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It does appear that the real estate market has started to slow down, as expected, so it comes as no surprise that cnn/money has an article listing six tips for all you sellers out there. One thing I think deserves mentioning is that if you want to be successful selling your property for as much as possible, you should’ve been doing all these tips in the sizzling hot market anyway.

Tip 1. Improve Curb Appeal

These are the first impressions of your home, mow your lawn, paint your exterior if it needs it, trim the bushes, and move any trash cans or other debris away. Remember that many times people will be surfing a real estate page and one of the only pieces of physical evidence they see at that point is the photo of the front of your house.

Tip 2. Clean Up and Rearrange Inside

They suggest that you remove your own personal touches so you should move pictures, trophies, diplomas, and anything that makes the home “yours” and not “theirs.” If you can handle it, rearrange or remove some of your furniture so there is more open space, which in turn, will make your place seem bigger. While this is a little harder if you’re still living there, the extra hard work could pay off. If you have already moved, rent some furniture to put in the rooms so it isn’t just an empty space. (Their Tip #3). Also, consider doing a little work such as touching up some of the paint in some rooms because it’ll give it a much better feel.

Tip 4. Smell Test

Own a pet? You might want to consider finding him or her a temporary home while you’re selling. Obviously, clean out all the trash and refrain from smoking. You might want to consider repainting rooms in which you have smoked (if you do) to mask the smell of smoke, though that will take a lot of coats of paint.

Tip 5. Pick A Good Realtor

In a sellers market you can afford to have a weak Realtor, but not now. They suggest reading reviews on Homethinking.com and Hungryagents.com to find the best one.

If you’re thinking about some major remodeling jobs to increase the potential selling price of your home, you may be interested to read about the Best Home Value Renovations and an update to the Best Home Value Renovations.

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6 Responses to “Seller Tips For A Slow Real Estate Market”

  1. Chrees says:

    We are friends with a woman that does interior decorating and staging. Her rule of thumb is that $1,500 in staging costs (dressing up a house with stuff if it is unoccupied or renting things to make an occupied place look better) increases the sales price $10,000 to $15,000. Not a bad return on investment. (Keep in mind that is San Francisco Bay area prices)

  2. CK says:

    I found it amazing when looking for a house how lazy people were at keeping their house looking sharp. When trying to sell your house laundry and toys everywhere is not a plus.

  3. jim says:

    One house I visited was absolutely disgusting. When we walked in the place smelled, the owners were just hanging out watching TV in under shirts and boxers, and there was trash everywhere. The windows were old and moldy, the bathrooms were all cluttered (one was used as a closet) and also gross, and overall the place looked like a dump both inside and out.

    I can understand when stuff looks old but when the place looks like a pigsty, the house just seems uncared for. Who knows what other hidden problems exist if they can’t even keep the place tidy?

  4. CK says:

    Jim, Exactly!

  5. claire says:

    yeah, I saw some real dogs, too. In one house, the owner came down in her housecoat and slippers, blinking sleepily, after we’d been knocking for a long time. It was early afternoon! And the windows had such dark curtains that were clearly never opened. We wished we had a flashlight to get a good look. That was before we noticed the leaking roof and the subsequent mold problem.

  6. Weekly Roundup – 01/20/06

    It’s time again for the weekly roundup. So, without further ado, here are some of the best personal finance blog entries that I ran across in the past week.


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