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On the assumption that you sell
your house through the services of a Realtor, this
advice will just expand on similar advice that the
Realtor will give you. There are many, many helpful
tips or “tricks of the trade” that Realtors employ
to HELP YOU obtain the best and highest price and
terms for your sale. Again, if you’re using the
services of a Realtor, compare this advice to the
Realtor’s. In the event that you’re contemplating
selling the property on your own as a FSBO (For Sale
By Owner), here are some tips that will make your
house MUCH more saleable.
Before I go into specific tips,
let me relate a true story and my advice that is
only a week to ten days old. A trust deed customer
of ours owns a property in Pasadena that had been
previously rented. Since the property is now
vacant, they wanted to sell it. I arranged to have
the property listed by a “name brand” broker in the
Pasadena area who is extremely familiar with that
property. The previous tenant was a smoker and the
first impression, upon entering the residence, was a
complete turnoff. The broker obtained estimates for
a quite inexpensive interior painting and thorough
cleaning, including carpets. I felt the price was a
true bargain.
In a meeting with my clients,
the wife said, “Can’t we sell the property as is?”
Frankly, that is the real reason for this article.
Of course, they could sell the property in its
present “as is” condition, BUT it was totally
unappealing for a potential buyer. Not only would
the look and smell be a turnoff, but also a
still-interested buyer would certainly make an offer
substantially lower than an offer they would have
made for a clean, sharp, “new paint smell”
property. My answer was that they could sell it “as
is” but would lose a substantial sum of money by
taking that option.
Now lets get to the nitty
gritty. No matter how large your house is, I’ll bet
you that your entry closet has too many coats in
it. For that matter, I’ll bet most closets in the
house are crammed or semi-crammed with junk and
clothing that you haven’t worn in years. California
houses don’t have basements and, therefore, I’ll
further bet that your garage cannot accommodate the
number of cars it was built to house because of
bicycles, lawnmowers, car parts, etc.
A two bedroom, one bath, 1,000
square foot house can be made to look MUCH bigger
than it is. On the other hand, a three bedroom, two
bath house, if crammed, can look tiny. The solution
is simple, PS (i.e. Public Storage) or other storage
facility.
If a woman is reading this,
your husband will probably hate me. Do your spring
cleaning now. Give items to charity, take all next
season’s clothes and move them OUT OF YOUR HOUSE.
Take all the junk in your garage and sell it or move
it BEFORE you list your house for sale. First
impressions mean a lot and you have this opportunity
to make your house look bigger NOW. |
- Does your house need
painting? Perhaps the trim is the worst – PAINT THE
TRIM.
- Is your lawn a mess? Have a
landscaper come and do AS MUCH as they can on a
limited budget. This may be only be sprinkling
rye seed and watering.
- Does the garage door
sag? Fix the springs.
- Do you have pets? If so,
ask an impartial person if there is any smell. If
so, FIX IT. There are many professional services
that can make a 90% improvement in eliminating the
odors. At least I didn’t tell you to take the pets
to the Public Storage!
- Is the kitchen vinyl
flooring cracked and unsightly? REPLACE IT.
- Is the carpeting worn and
dirty? Get it professionally cleaned. I didn’t say
replace it because your taste and budget may be
totally different than that of the potential buyer.
The buyer may ask for a credit for carpeting – so be
it.
- Is the fence sagging
on one side? Hire a handyman. Does it need
restaining? Stain it.
- How about the windows? Have
a professional come in and clean ALL the windows.
- Do you have a teenager?
Public Storage is really the answer here. Since the
County Child Protection Services Division would not
be happy with this solution, perhaps it’s time to
lay down the law. The room must be presentable at
all times – just for a few months. Who knows, it
may become a habit in the new house – you should be
so lucky!
I will not go on and
on, as my suggestions here are obvious. Do anything
that is not expensive to make a GOOD first
impression. If your broker gives you the “bake an
apple pie” trick during open house – save me a
piece! This may sound like silly advice, but let me
tell you something. I personally held an open house
in 1976 on lower Oakwood in La Canada. This was an
old movie star’s estate and I happened to have a
Sunday car at that time, a beautiful 1957 black
Bentley with red leather interior. I parked the car
in the driveway of the house the first time I held
an open house at the property. It rained all day.
I sold the house that day to a walk-in buyer. I’m
not swearing that the Bentley did it, but it sure
made an impression.
Peter Rosenthal
VIP Trust Deed Company |