DISCOVER December 1, 2020

HOW TO CREATE THE MOST DEMAND WHEN LISTING YOUR HOME FOR SALE

How to create the most demand when listing your home for sale

The Four Part Plan:

1) FOCUS ON SELLING A LIFESTYLE

You’re not just selling a house, you’re selling a lifestyle. Think  beyond your “house data” such as square footage and room sizes. Highlight home features that resonate with the lifestyle buyers will get if they purchase your home.

Whether that’s entertaining space, smart home tech, a peaceful outdoor setting or a hotel like owner’s suite – you can optimize your space to show off the lifestyle and help potential buyers experience what it would be like to live there. Don’t forget about local amenities and nearby attractions!

 

 

QUESTIONS TO ANSWER:

1. Which room do you spend the most time in?

2. What is your favorite part about your community?

3. What is your favorite space in your home?

4. Which feature most attracted you to your home?

5. Do you have any rooms that should be shown in an alternative purpose (office vs. bedroom, etc)?

 

2) STAGE TO SELL:

 

PERSONALIZE & DE-CLUTTER

Take down the macaroni picture frames, family photos and sports trophies so that potential buyers walking through your home can envision themselves living there without being distracted. De-cluttering is also important. No one wants to see your “stuff” – they want to see the home features, your layout and how they can best use each room. So aim to have counters, dressers, desktops and shelves clear of any clutter!

 

ACCESSORIZE AS NEEDED

If your home is currently filled with family photos, you might need a few new accessories to add some style to your spaces. Look for neutral items such as a decorative wreath, a vase to put flowers in, a new front door mat, fresh rugs and towels in the kitchens and baths, new throw pillows for a splash of color and a plant for some greenery. It doesn’t have to be complicated!

 

LIGHTEN & BRIGHTEN

When it comes to making sure your home looks it’s best, the key is the brighter, the better. Some tips for lightening your space include: Adding mirrors to reflect light, washing windows and removing screens, updating light fixtures to something more modern and adding in lamps or accent lighting to dimly lit spaces. A reading lamp on a desk, under cabinet lighting in the kitchen and updated bathroom lighting can make a big difference without spending a significant amount of money.

 

APPEAL TO TODAY’S BUYERS

Know who you’re selling to and what their top wants and needs are. Many of today’s buyers are looking for separate laundry room spaces, designated office space, neutral paint colors, updated kitchens and baths as well as smart home tech. If you are able to add or highlight those features, you’ll be able to attract more interested buyers (which means increased demand for your home). 

 

PRO TIP: Need some staging inspiration? Check out the Instagram accounts of some of your favorite home decor stores. Crate & Barrel, West Elm and Anthropologie have beautiful feeds showing different rooms and decor ideas.  Also check out our Instagram Guide for our favorite options to decorate on a dime with Target.

 

 

3) HAVE A PRICING STRATEGY:

 

PRICE TO SELL

To generate the most demand, you’ll want to price your home to sell which means pricing it at or slightly below the market value. Your home is going to have the most activity when it first hits the market. Make sure you’re capturing the most buyers by pricing it right.

 

DON’T PRICE YOUR HOME ON THE HIGH END

Many sellers believe the myth that they should price their home on the “high end” so they have extra room for negotiation. The problem with this thinking is that it will attract less buyers right away and will increase the length of time your home sits on the market which can ultimately decrease your final sale price. 

 

CHECK COMPARABLE PROPERTIES

Understand what is going on in your market. Your Real Estate Team can put together a Comparable Market Analysis which will compare your home to other homes on the market as well as recently sold homes. You’ll want to look at what features your home has compared to the other homes and make adjustments with your price as needed.

 

PLAN FOR ADJUSTMENT

Pricing your home is as much a science as it is an art. There are several variables to take into consideration as well as the ever-changing market. Make sure that when you list your home for sale,  you and your Real Estate Team have a plan in place for 30 days out (or whatever makes sense for your market) to make a price adjustment if you’re not getting the activity you should be getting. Having this in place from the get go will help you feel prepared and prevent your home from sitting on the market for too long. Remember the longer a home sits on the market, the less attractive it looks to potential buyers and the more they think they can “get a deal”. You’re better off to make a price adjustment before you get to that point.

 

4) HIRE THE RIGHT TEAM

HIRE THE TEAM WHO FEELS LIKE THE RIGHT FIT

Before interviewing a real estate broker, look them up online. Check out their social media profiles and their “About” section. This should help give you an idea of what it will be like to work with them before you even meet with them. That’s a good start. Then, when you meet with them, consider how their personalities will work with yours. How will they interact with other agents, what are their negotiating styles and how do they communicate? You’re going to be spending a lot of time talking to them so you’ll want to hire a team that you connect with.
 

SEEK OUT A TEACHER NOT A SALESPERSON

“You don’t want someone with the heart of a salesman, you want someone with the heart of a teacher.” – Dave Ramsey. Working with a team who has the heart of a teacher will help you understand the process and set you up for success. They won’t be pushy and make you feel pressured. They will instead give you options and explain what outcomes they could result in.

SOCIAL MEDIA SAVVY

Marketing your home on social media should be a KEY piece of their marketing strategy. Check out their Facebook page or Instagram account to see if they’re active on social media. You’ll want to hire a team who is utilizing these modern marketing methods in order to maximize your home’s exposure and reach as many potential buyers as possible. Keep in mind, often listings are marketed with Facebook ads, so you may not see actual listings on their feeds. But you’ll want to check if they are active on their platforms and then ask them about their strategy when you meet with them.

Thinking of selling your home?  Let’s connect!

 

DISCOVER August 25, 2020

5 TIPS TO SUCCESSFULLY SELL YOUR SEATTLE HOME DURING COVID

 

Even with COVID restrictions, the Seattle real estate market continues to be very strong.  We find that our sellers who follow these 5 steps are more successful in this market, often selling over list price with multiple offers.  While your market may be faster, or slower, than Seattle, in the time of COVID, it is best to be prepared. 

 

  1. VACATE YOUR HOME:

Selling a home that is occupied is challenging enough, let alone in a global pandemic. For the safety of you and your family, it’s best to not reside in the home while it is on the market. If you are in a faster market such as Seattle, you should be able to sell your home within a week which means it’s the perfect time to book an AirBnb vacation.  Or consider purchasing/renting your next home first, move in, and then list your property for sale.

 

  1. PRE-MARKET PREP:

An experienced broker will walk through your home and provide you with a list of updates and repairs that should be done before you go to market.  In our COVID market, buyers are looking for a home to move in to right away.  They are not excited about projects, and will often skip over the home that needs repairs to pay more for the home that is move-in ready. The difference between selling quick with a multiple offer situation starts with first impressions.  Make sure yours is the best possible first impression you can make.

 

  1. PPE:

If you are going to be living in the home while it is on the market, make sure that you or your broker are supplying PPE supplies for buyers when touring. This includes face masks and hand sanitizer.  Be prepared to sanitize bathrooms, door handles and any other surfaces that may be touched after you return home each day.

 

  1. VIRTUAL TOURS:

Make sure to ask your broker about their marketing plans to feature your home to the most buyers.  In addition to professional photos, find out if they offer measured floor plans and 3D virtual tours Most importantly, since open houses are still not allowed in most cities including Seattle, ask if your broker will conduct a live-feed open house to prospective buyers.  We recently invested in a Insta 360 Nano S camera and love how it can feature the home while we tour (see an example of our most recent tour here).

 

  1. HIRE A FULL-SERVICE EXPERIENCED BROKER:

Having to work with new COVID restrictions and a finicky market, now is not the time to hire your dog walker’s cousin who just got their license, or a discount broker.  Now, more than ever, you need the assurance that your property is represented in its best light with maximum exposure.  When interviewing a potential broker, you may want to ask them:

  • How many homes have you sold in COVID?
  • Have you successfully listed AND sold houses in COVID? How many had multiple offers?
  • What are buyers looking for right now?
  • How do you market and promote your listings given open houses are not permitted?
  • Do you provide 3D tours?
  • Do you require a seller provided pre-inspection of the home and sewer line?
  • What is your plan for offer reviews?

 

Taking these tips into consideration will help support a successful sale. Thinking of selling? Let’s connect and help you get started. 

 

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