Selling Your Home? Don’t Make This Costly Mistake

Photo by Rich Anderson, courtesy Flickr Creative Commons

Bill had to sell his house quickly.

He was being transferred out of state, and the company wasn’t footing the bill. Instead, they offered him a higher salary. Now he had to sell quickly or risk paying two mortgages.

But Bill wasn’t sweating it. After all, his house was in a great neighborhood in a desirable part of town. He hired a real estate agent, confident that once the “for sale” sign went up, the buyers would come knocking. He’d get a quick sale at asking price, no problem.

Only a month went by, and there were zero offers. Bill had to move soon and was getting nervous about those double mortgage payments, but no one was interested. Then, to really rub salt in the wound, buyers were leavings tons of negative comments!

So what was the problem?

You aren’t making your house ready for buyers

Bill refused to make his house buyer-friendly.

His real estate agent, Lynda Conway, had warned that unless he got the house show-ready, it would sit on the market and sell for far less than asking price. Lynda, who heads The Turner Team in Austin, Texas, and teaches for the Austin Board of Realtors, says Bill’s mistake is a common one.

“Many sellers think they can just put a sign up and that’s enough,” she says. “But buyers don’t fall for that. They want to back up their moving truck, unload their stuff, and put their toothbrush in a cup by the sink.”

And when sellers refuse to believe they need to get their house ready to go on the market, they can suffer financial consequences. In Bill’s case, his refusal to invest in sprucing up his home was about to cost him a double mortgage payment, not to mention the stress of trying to sell his house from out-of-state.

It can also result in a lower final selling price. Lynda recalls one seller who refused to make basic repairs and cosmetic improvements. “After a long time on the market, we finally got an offer,” she says. “But the owners felt insulted because it was $20,000 below list price. They wound up taking the offer because it was the only one.”

So if this mistake can cost you time and money, not to mention cause some serious stress, why do sellers refuse to make their houses more attractive to buyers?

The three reasons you aren’t getting your house ready for buyers

Lynda says there are three main reasons that sellers don’t get their houses in tip-top shape.

First, they don’t believe it makes a difference. Like Bill, they think their house will sell itself, so the extra investment seems like a waste of money. “Bill was really cautious about spending any money because he was being transferred on his own nickel,” says Lynda. “He refused to believe that a coat of paint would make a difference.”

Second, they don’t think there’s a problem. Lynda says it’s often difficult to convince smokers and pet owners that their homes don’t smell like roses. Bill, for example, was both a smoker and a pet owner. “Some sellers don’t realize it smells because they’re so used to it, or else they don’t think it’s a big deal,” says Lynda. “But it’s a huge deal to buyers.”

Third, they think they don’t have the money. Remember the clients that got $20,000 less than list price? Lynda says that it wasn’t until they were all at the closing table that they finally admitted to her that they didn’t have the money to make her suggested improvements. “Some sellers don’t want to admit that they don’t have money on hand, but I can’t help them if they aren’t willing to talk about it.”

So how can you avoid these problems and sell your house quickly (and for list price)?

Make your house show-ready

You’ve got to invest in wowing potential buyers.

When Lynda showed Bill the negative comments people were leaving about his home, he finally relented, telling Lynda, “Okay, tell me what to do.” They took the house off the market while he worked his way through the to-do list. After $2,500 in updates and repairs, they put the house back on the market at the original price. In three days they received three offers.

“Buyers are picky,” says Lynda. “If you want to get top dollar for your home, you have to prepare for that.”

And the good news is that if you have more time than money, Lynda says there’s a lot you can do yourself to improve your home’s appeal.

So how can you make your house best in show?

Five ways to make your house show-ready (and net more money)

Lynda says here are five things you can do to make buyers fall in love with your home.

1. Start packing now

You’re about to move, right? So get some boxes, packing tape, and a Sharpie and put your stuff in storage. “Decluttering your home makes it look bigger and cleaner,” says Lynda. “You can make your house more attractive to buyers and get a head start on moving.”

2. Give it some elbow grease

“Clean your house like you’ve never cleaned it before,” says Lynda. “Windows should sparkle. Make sure the house smells nice and fresh, not like last night’s fish dinner or grandpa’s cigars.” Lynda says sellers can deep clean themselves, or if they have more money than time, they can hire a professional.

3. Do a daily sweep

Steaming the carpets and dusting the ceiling fans is important, but all is lost if your bathroom counter is cluttered with hair products or there are dishes in the sink. “Do a daily wipe-down on all surfaces, especially in the bathroom and kitchen,” says Lynda. “Keep counters completely clear to make them look as big as possible, especially important in a small space.” Lynda had one client who put her toiletries in her travel bag while her home was on the market. “She’d get ready in the morning like she was on a trip, then put the travel bag away and out of sight.”

4. Make a good first impression

“When a buyer pulls up to your house, you have five seconds for that house to sell itself from the curb,” says Lynda. “And when the front yard looks inviting, that creates positive expectations about what you’ll see inside.” Take care of the obvious, like lawn care and putting your yard gnome in storage. Then give the front door some TLC. “Your front door should be warm and fresh, she says. “You can give it a coat of paint or replace it entirely.” Lynda also recommends adding some color. “Buy cheap, colorful pots, potting soil, and some flowers,” she says. “I like the combination of rosemary and flowers because it smells nice and looks attractive.” The bonus of potted plants? You can take them to your new home!

5. Deal with the bigger issues

Here’s where it can get expensive, depending on the condition of your home. But if your house is in serious need of a coat of paint and a new roof, you have to either deal with those issues or adjust the price accordingly and wait for a buyer willing to take care of it themselves.

Finally, consider getting a pre-inspection. Lynda says almost no one does this because people think, “why open a can of worms?” But the can will be opened eventually when the buyers have your house inspected. And then those problems might cost you a willing and able buyer.

“When a buyer falls in love with your home, then finds out there’s a major problem you didn’t disclose, they fall out of love very quickly,” she says.

They’re angry and distrustful, even if you honestly weren’t aware of the problem. “Buyers feel like you should have known because it’s your house,” she says. “And sometimes they’ll terminate and refuse to even negotiate the repairs.” Lynda says when buyers are willing to negotiate, they may want the price lowered by double, or even triple, the cost of repairs. Ouch!

But she says if you get your home pre-inspected, you won’t be caught off guard. You can attach repair receipts to your seller’s disclosure or have the house re-inspected and attach the report. And most importantly, says Lynda, “you won’t lose a deal or have to come down on your list price.”

What are some ideas you’ve used to make your home more appealing to buyers? Or from a buyer’s perspective, what are the major turn-ons and turn-offs when you walk into a house?

More about...Home & Garden

Become A Money Boss And Join 15,000 Others

Subscribe to the GRS Insider (FREE) and we’ll give you a copy of the Money Boss Manifesto (also FREE)

Yes! Sign up and get your free gift
Become A Money Boss And Join 15,000 Others

There are 101 comments to "Selling Your Home? Don’t Make This Costly Mistake".

  1. getagrip says 02 October 2012 at 05:11

    We were moving during a stagnating time in the local market many years ago. My neighbors did it right, they moved first, had their house recarpeted and repainted. The guy who bought their townhouse had looked at ours and said theirs felt and showed like a new home. But we had to live in ours with multiple young children while my neighbors did not.

    Yet we also heard him. So two months into showings we got a bigger storage unit, moved even more stuff out, put in some new carpeting in the most traveled areas, painted more rooms a neutral color, and took extra effort to declutter because folks do open closets and cupboards to look at space and if you’ve stuffed them it comes across bad. Our showings were much more positive, but still no bites for another couple of months. Hard to sell a townhome in a neighborhood of over a thousand where thirty to forty others are typically for sale in the same price range.

    So we offered a flat out seller incentive above commision paid directly to the real estate agent who brought us a buyer (making our home worth more by a few hundred dollars to any selling agent than any other similar home in the immediate area). Traffic on the home tripled and we got a solid offer on the house for asking price in a month. I think it cost us another $500.

    Based on our looking, I tried to look beyond wall colors (paint) and amount of furniture or clutter (few hoarder homes, very creepy). But the number of people who seemed to not even try to make their homes presentable really stunned me. I would say a half to a third were simply not even in the running because of smells (animal or otherwise), carpeting just scary to walk on, and flat out lack of even basic maintenance or upkeep.

    • michael says 02 October 2012 at 09:41

      Yeah, prepping your house properly makes a huge difference. When we sold our previous house, we also rented a storage unit to reduce the (apparent) clutter. We also went through and touched up the paint, cleaned the carpets, etc. I also did some simple cosmetic things, like repainting the mailbox, replacing the light fixtures on the front of the garage, etc. By the time we were done, we didn’t want to leave… But it sold very, very quickly and for very close to our asking price (which was higher than what was recommended by any of the realtors that we talked to).

  2. Marsha says 02 October 2012 at 05:16

    The house should smell clean and fresh, but don’t overdo it with air fresheners and scented candles. Too much and people will think you’re hiding something. Some people are also very sensitive to perfumey scents.

    Pets are also a problem when selling your house. Just because you think Fido or Fluffy is the most adorable creature in the whole world doesn’t mean your prospective buyers will have the same opinion. If at all possible, pets should not be present at showings.

    • Holly@ClubThrifty says 02 October 2012 at 06:37

      I agree about pets. I like cats but they make me sneeze. It is hard to look at a house and take it seriously when there are cats running around or when you can obviously smell a cat smell.

  3. louisa @ TheReallyGoodLife says 02 October 2012 at 05:17

    We were actually told our house would be more saleable if we didn’t renovate it before sale.

    When we were selling our small/cheap first-time-buyer house a couple of years ago, similar small but freshly renovated houses were very common — but none of the banks would lend enough for people to afford them. Our house was solid & usable but needed a full cosmetic make-over which would have cost us more than the value it would add because of the glut of pristine houses on the market.

    It was easier for someone else to get a mortgage on our cheaper, scruffy house and do it up themselves over time, and we could spend our energy on our new house (which, like Bill, we’d already bought/moved into).

    A nicely renovated house on the street went up for sale around the same time our old house did – its listing price has, so far, dropped by over 25% but still no takers, three years on. It’s listing price is now around the same price as ours was (though we accepted 10% under that, as is common in the UK).

    I realise that’s a possibly strange, specific case though.

    • Jen from Boston says 02 October 2012 at 07:29

      That actually makes a lot of sense.

      I think the key with selling a home is to present as neat, tidy, and well-maintained. You don’t need to do a full reno, but keeping it clean and fixing up minor and major issues from burned out light bulbs to leaks is a must.

  4. Elizabeth says 02 October 2012 at 05:20

    Arrrgh. GRS keeps eating my comments again. My apologies if this is a duplicate comment.

    As I was trying to say…. Welcome back to April! These are all good tips. When friends of mine sold their home, they read up on home staging (there is a lot of info online) and did it themselves. It raised the value of their small home significantly.

    It’s also important to realize that potential home buyers like me know
    also know a lot about home staging too 🙂 Every time I see a potential new home, I’m thinking about all the changes that the seller could have made but didn’t — and I’d be willing to use that to talk down the price.

    Actually, I would suggest anyone buying a home read up on home staging so you really know what you’re looking at. For instance, a room might look spacious because they’ve removed half the furniture — but how would your furniture look in it? Home staging is about marketing, and it’s always good to know the marketing tactics being used on you.

  5. Jane says 02 October 2012 at 05:26

    Maybe I’m just weird, but some of things the seller describes just didn’t bother me as a buyer. If I saw flaws, I thought, “Jackpot – maybe I can get the house for less than it is listed!”

    It’s also a truism that houses with furniture in them sell faster. This might be true, but I prefer to see a house empty. It’s much easier to see flaws and the bones of the house. The house we eventually bought was totally empty.

    I will agree about smells, though. That’s a big turnoff, especially when it is clear the smell comes from mildew or moisture problems. That makes me think of all the money it will cost to fix it.

    Funny anecdotes from open houses:

    One couple obviously didn’t heed their realtor’s advice to get rid of overly personal items. There was a large picture of a woman’s naked pregnant belly on the wall. I believe there might have been cleavage involved too. Just strange.

    One seller was so unprepared for an open house that they had left their dirty shoes and socks on the front porch.

    I don’t know if this is necessarily a problem, but I opened a closet once to find a seller’s laundry hamper with a bunch of dirty bras and panties on top. I get that people live there, and honestly it didn’t bother me per se.

    I think some of this is the HGTV effect. Somehow along the way we all raised our expectations. While I think it hurts the sellers the most, I also think this silly attention to detail hurts buyers. It keeps them from truly seeing houses that might actually be good for them.

    • Mom of five says 02 October 2012 at 06:43

      I had the same thoughts and interestingly, we also bought a completely empty house.

      Other than decluttering the only thing that could really turn me off a house would be wallpaper – I’d be thinking about what a bear it would be to take it off.

    • Elizabeth says 02 October 2012 at 09:07

      Maybe I’m weird, but the HGTV effect has the opposite effect on me 🙂 I find I’m better informed about what’s cosmetic and what’s a serious problem. Mildew or smoke smell? Could be a big problem. A wall colour I don’t like? Bah. That’s just paint. If cosmetic stuff turns off other buyers, all the better for me because maybe I can talk down the price a little.

    • Cortney says 02 October 2012 at 09:40

      Although I’m not house-hunting, I agree with Elizabeth. HGTV has given me a lot of valuable information in terms of what is and isn’t easily fixable. I feel way more prepared for when I do start house-hunting – if I see a wall color I hate, I know I can easily paint over it. Similarly, if I see a house that’s beautiful, I know some of that is due to staging and question whether or not I’ll be able to reproduce that look with my own furniture and wall art.

      • Julie says 02 October 2012 at 15:02

        I agree too. This article also depends on where you live. There are plenty of buyers savy enough to realize that $2,500 in repairs doesn’t justify a $20,000 increase in selling price. Where I live, any home that is fairly priced is selling within a few days, often with multiple offers. Only the truly overpriced properties are languishing on the market. At this point staging is irrelevant and local brokers are all complaining about the lack of inventory.

    • chacha1 says 03 October 2012 at 11:22

      In many respects, the HGTV effect is that people concentrate on cosmetics. Many years of “Designed to Sell” lie beneath that!

      I frequently wanted to smack homeowners who decided to make improvements only when they needed to move. Why not make the improvements while you are living there and can enjoy them? In many cases, it’s because the people bought more house than they could afford, and let maintenance slide as a consequence.

      But since the recession began, the HGTV viewer (I am devoted) should be taking on some more substantive knowledge. One show in particular, “Love it or List it,” while reliably annoying because the homeowners always want Everything on a Nothing budget, covers the real ramifications of real renovations, which frequently reveal those structural flaws and safety issues that don’t come up during a “paint and decorate” type of staging-to-sell.

      When the time comes for me and DH to shop for a house, we are going to owe a lot to HGTV (and sibling channel DIY).

  6. TB at BlueCollarWorkman says 02 October 2012 at 05:41

    When I was a kid we moved a lot. And never had a problem selling the house. What I remember the most that our mom always made us do before a sell was clean and take down “personal decorating.” Nana’s picture and our family portrats? Gone. Buyers want to be able to see themselves in the house, and if all your junk adn pictures and weirdo decorations are around, they won’t see themselves in there. They see you in there. I remember my mom would even buy generic pictures/decorating things from like Lowes or Bed Bath and Beyond…worked like a charm. Man, we never had an open house, and we never had to wait more than a week before getting an offer.

    • Marsha says 02 October 2012 at 07:15

      I personally found this to be true when looking for a house to buy 17 years ago. I remember looking at an otherwise lovely home that was plastered floor to ceiling with family portraits, mostly of the owners’ children. They had a large family and had framed every picture ever taken of each child and put it on a wall, plus lots of kid art, awards, ribbons and trophies. Even the bathrooms had snapshots on the walls. At the time I had a baby and a toddler and was looking for a house to raise my children in, and I couldn’t get past all the pictures and stuff of someone else’s kids. Plus I was worried about what all the walls would look like when the pictures were removed.

  7. Sean says 02 October 2012 at 05:50

    I now keep all my maintenance tasks on an iPhone app. This keeps me from forgetting to do something, and when it comes time to sell my house it will give potential buyers some piece of minds that I took care of the house. I use Home Maintenance Manager for iPhone.

  8. Sheryl says 02 October 2012 at 05:55

    Listen to the real estate agent, because they will have some good advice. If the agent gives advice that you don’t like about sprucing up the house vs leaving it as is at least try to get their justification for it, because they know the market and what’s selling. Usually it makes sense to stage the home, but sometimes showing as more of a fixer upper can make more financial sense. Your agent can give you a good feel for which is better for you, if there’s an honest and open conversation. (If you decide to sell through an agent, of course.)

    • Jill says 02 October 2012 at 08:46

      That depends on your agent. When we first listed our house in Feb, I told the agent that I knew I needed to paint the bedrooms (I have a VERY creative flair), take down the wall paper and change the carpet. He told me the only thing I needed to worry about was the paint and that I needed to trim or maybe even remove the landscape. So I did the paint and trimmed the bushes. I had extensive landscaping that I had paid a lot to install 15 years ago and I was not about to tear it out.

      At a showing of the realtors from his group they all said the house was “dark” and that I needed to trim the landscape waaay back or remove it. I ignored the advice about the landscape, trusting my own judgement. I wish I had trusted my own judgement further. When we started getting feedback, most folks hated the wallpaper and complained about the carpet, but didn’t say a word about the landscape.

      By this time we had moved out of state, so getting back to address the wallpaper was a pain. 5 months into the contract with only 25 showings we jettisoned the first realtor and got a recommendation for a new agent from the one who had sold us our new home and who we had come to trust. The new agent totally agreed with me about the wallpaper (and yes, it was a b!tch to remove – no primer or sizing on the drywall) and the carpet. She told me to keep the price low on the carpet because she had learned the color was more important than the quality. Go figure.

      The fellow who was cutting our grass suggested putting fresh pine needles down to spruce up the outside, but neither thought the landscape needed to be trimmed way back or removed.

      Once the wallpaper was down and the new carpet in, we started getting lots of compliments, especially concerning the landscape. I think it was the only thing drawing people in originally. We closed on the house in 35 days after we listed with the new agent, and got only 4K less than hoped to get on the price.

      So I guess the moral of the story is, if you get unexpected advice from an agent, check with a second one. And don’t assume that because you know the agent’s spouse is a great at her job that he is great at his job too. 🙁

      • Jane says 02 October 2012 at 11:45

        I don’t plan to move again (ever), but I always thought if we put our house on the market that we would offer a flooring allowance of a couple thousand instead of changing things. We have old carpet and pretty crappy hardwood floors. If I were a buyer, I personally would prefer to pick the carpet myself. People moving out are notorious for putting in cheap carpet or cutting corners in other ways.

        But what are other people’s thoughts? Do allowances for upgrades turn you off or attract you?

        There was one house we looked at that didn’t have central air. In St. Louis, that is a big deal. We noticed a few months later that the sellers were offering an allowance of $10,000 for the new owner to put it in.

        • chacha1 says 03 October 2012 at 11:27

          I would rather get an allowance than somebody else’s idea of an upgrade. I abominate carpet. If someone put a new cheap carpet down just to sell the house … for one thing, it would be obvious, because that stuff SMELLS. But for another, it would be annoying, because I’m just ripping that stuff out.

          I probably won’t like your bathroom reno, either. 🙂 So as a soon-to-be home shopper, my personal thing is, if it’s about structure of safety FIX IT, but leave all the cosmetic stuff for me.

        • Lynda says 27 January 2015 at 14:17

          allowanes CAN help, but it assumes a level of imagination that many buyers don’t have. Or maybe they don’t have money for repairs up front. If it’s a color or quality they can live with (planning to change later) it’s much easier to get the offer than $2000 that might end up going to moving costs.

      • bg says 02 October 2012 at 23:30

        “I told the agent that I knew I needed to paint the bedrooms (I have a VERY creative flair)”

        In your case, your feeling was right, but it’s well possible that a buyer might like especially the creative flair.

        Story about our new car – a Smart with completely pink(!) side mirrors when it got on the market! It sure stood out, and when we bought it, we had them slightly changed so only a pink frame is left. But we ran with the pink… not sure we would’ve ran with just a black Smart 🙂

  9. Mrs PoP @ plantingourpennies says 02 October 2012 at 06:16

    As buyers, we actively looked for the smelly, dirty houses in need of $2,500 (or more!) in repairs. Fewer competing offers against our own for work that is easy enough to accomplish, and we end up getting a much better deal!

    • Lynda says 27 January 2015 at 14:20

      This is exactly why sellers should make the house as move in ready as possible. Do you really want to save a buyer $10,000 because you wouldn’t do the work that cost you $3,000?

  10. Jessica says 02 October 2012 at 06:21

    So what do you do if you want to sell your house, but you do have pets and you do have young children and you can’t afford to move until you have a contract on your house, and every time you clean up a mess the kids and cats make two new ones?

    • Jane says 02 October 2012 at 07:22

      This is one major reasons why we opted to add on to our house rather than move. With two cats and two young kids, I got stressed just thinking about an open house.

      I definitely think giving the cats to a family member or friend is in order. I shudder to think of how hard it would be to keep our basement clean with our two cats around. Plus cats are just as bad as kids regarding timing. Assume that they would do their business right before (or during!) an open house. They just don’t understand what’s at stake.

      I also second the thought of putting lots of toys in storage. And what’s left organize in bins or with a storage shelf. You can’t erase the presence of your kids in your house (nor should you), but I think you can at least minimize it. But also realize that there are plenty of reasonable buyers out there who understand and will look past all this. People do sell houses with kids in them. Really, they do.

      • Jen from Boston says 02 October 2012 at 07:36

        When friends of mine had an open house they brought their cat over to my place beforehand. I think their primary concern was that the cat would scamper outside, but you raise a good point about the cat doing his or her business during the open house.

        So having cat or dog lovers for friends who’d be willing to pet sit in their homes for a few hours while you have the open house can help solve the pet problem.

    • Megan says 02 October 2012 at 08:48

      I am interested to hear a good solution to this, too. I have two small children and two dogs, and it seems like it’s all we can do to stay on top of the “Oops, I dropped the milk” type of messes. Dusting, keeping windows clear from snout marks and fingerprints, etc., are a whole different kettle of fish!

    • getagrip says 02 October 2012 at 09:48

      We also had to show a house with multiple small children living there. There are a lot of things you can do.

      First prepare for and really clean, rent a carpet cleaner and steam clean the carpets and furniture (if it can be cleaned that way). Disinfect the floors. When you do this, I mean all of it, move furniture out of the way and get it all, not just what you can see. Lift those beds up because chances are the kids and the animals have been creating smells under them. Up your cleaning of the animal bedding and animal use areas (e.g. litter box, mudroom, feeding bowls). Use a few (but as someone else said, not overdone) air freshening products. Up your routine cleaning, to inlcude bathing the animals. Everyone pitches in, this is a family project.

      Most of all, declutter (can do this first to make cleaning easier). We rented a storage space initially and placed what we thought was a fair amount into storage but comments came back the place still seemed cluttered. So we rented a bigger space and moved a lot more.

      When you’ve got kids things pile up, toys, portable shelves, chairs, extra couches, tables, end tables, dressers, towels, dishes, etc. often just for your living comfort and ease. You get so used to stuff being there you’re walking around or squeezing by it rather than noticing it doesn’t have to be there. Cut it to the minimal you can live with. One butt space per house occupant for living/family room furniture. One coffee table versus three end tables. One or no bookcases. A wall with some pictures rather than a wall of pictures. Start using temporary solutions (e.g. paper plates and cups, folding chairs that can be stored upon showing rather than regular furniture, etc.). Box out of season clothing and get it out of there rather than have it bursting out the closets. One dresser per bedroom, not per kid. One dresser per adult or better yet share.

      You don’t have to go dorm room sparten. But when folks come to view your home they should see enough furniture to be lived in, but no clutter. Toy boxes or shelves with toys, but not bunches of toys all over the place. Cupboards with dishes and glasses, but not a cascade of tupperware and sippy cups pouring out upon openning. They should never have to turn sideways to get around a piece of furniture or your kids toys if at all possible.

      Hopefully that helps give you some ideas.

  11. Nicoleandmaggie says 02 October 2012 at 06:37

    Welcome back, April!

  12. Tracey H says 02 October 2012 at 06:39

    Jessica, I’ve been there. Insist your agent gives you at least 2 hours’ notice (no phoning with clients from your driveway!). Let the kids have only a certain number of toys out (easily cleaned up & hidden). In the warm months (I’m in Canada), take the kids to the park a lot so the house can stay clean and tidy. Keep wipes under every sink (bathroom & kitchen) for that last-minute sparkle before leaving the house (I also flushed Pinesol down the toilet every time). If you can get a friend or relative to keep your pet while you’re selling, that takes a real load off you. I had one house listed for 6 months (slow market and bad agent) while my husband worked in another city and my kids were under 7). I was so relieved when the house sold!

  13. mike says 02 October 2012 at 07:25

    The market where I live is bantha-poodoo, houses take forever to move and it has nothing to do with the house itself. People are essentially not able to sell the house for what they paid for it since the development was put up 2002-2004 or they are just breaking even. The foreclosures in the neighborhood have really hurt the prices. The last house sold was about 50k under what it originally sold for as new. I estitmate we have lost about 40% of the value of our house, possible 30% its hard to tell until you go to sell. So if someone has to move they typically don’t have the equity so it ends up as a short sale or eventually a foreclosure. If the development was older maybe people would have more equity built up, I don’t know but it takes away from ability to throw money into the house to make it sell. Also since many of us are underwater, I haven’t added any money to the principal. Normally debt averse (mortgage is all I have) I would be going to town on the debt but now I am focused on saving money in retirement funds instead as they are protected from creditors up to 1 million. Although I don’t intend to bail on the debt like many have and since I live in recourse state its far more difficult, who know what the future job situation will be if things stay the way they are.

  14. Laura says 02 October 2012 at 07:34

    There’s one house-selling tip I never see but adhere strongly to: just as you should always keep your resume up to date even if you’re not job-hunting, you should always keep your house maintained as much as you can afford (without incurring debt). It’s stressful enough to get stuff fixed, especially if you’re not the DIY type, so why wait till you suddenly have to and add to your stress? We just this month had a new roof and gutters put on, and our back porch is gutted while a specialist cleaned up mold from a leaking roof. I keep the documentation of work like this (as PDF’s in e-files) so that if we suddenly needed to sell, I could quickly show what work has already been done that adds to the house value.

    I also agree with getting your own house inspection. We did this as buyers, and a $400 inspection allowed us to negotiated $8000 off the house price due to repairs. If I were selling, I’d rather know up front what was needed and either get it fixed or disclose it openly.

    I learned from a friend’s hard way never to remodel your house in such a way that would make it difficult to sell down the road. They claimed it was their dream house, designed as they wished (with many oddities), and they’d never move – until they divorced and had to sell. The quirks went from charming to liabilities and they took a $100K loss to sell it. Any remodeling needs to be something that would make the house more appealing in general and add to the overall value of the house.

    Finally, yes, when you are selling, declutter and keep the house clean and fresh-smelling. When we were house-hunting, having a dry basement for DH’s man-cave was a priority, so the first thing we’d do, before looking at anything else, was go down to the basement; if it smelled musty and/or there were water stains, it was automatically a no-go. Interestingly, we also wound up buying a house that was largely empty of belongings (previous owner went into nursing home), although general furniture/living items wouldn’t have been a deal-breaker.

    As for our “worst open house” experience, it was probably the house that no longer had access to the basement from the inside (they had walled it shut), and when we entered from the bulkhead doors outside, discovered the entire ceiling was covered, wall-to-wall, with postcards and pictures of various people – hundreds of them. At that, DH whispered, turn around and walk out as fast as you can without attracting attention. We did this and then ran to the car!

    • Mom of five says 02 October 2012 at 08:17

      If we really wanted to keep our house neutral, we’d be renting. We fully intend to stay in our home until we die – the value of our house and our children’s inheritance be darned! However, if it doesn’t work out that way, we haven’t broken the bank on any of our changes and even in this down market we own more than 2/3 of our home (the bank still owns that other 1/3). I think the key to building a quirky dream house – or any house for that matter – is never to spend beyond your means. That way if it doesn’t work out, you can afford to take the hit on it but will have enjoyed the customization while you did live there.

    • William @ Drop Dead Money says 02 October 2012 at 08:37

      I agree with your comment about keeping up to date on maintenance. As my wife puts it: if I’m going to spend the money to spiffy up the house, I want to be the beneficiary. Why spend the money and then only have the new owner benefit?

      In our house, though, the man always has the last word. Very important.

      That word is always, “Yes, dear!” 🙂

    • Jill says 02 October 2012 at 09:17

      William, your wife is sooo right. Once I finally removed the wallpaper my husband and I had never liked for 15 years from the kitchen, my spouse asked, “Why didn’t we do this years ago?” The answer was, it was a boat-load of work and I was too cheap to spend the money. But we had to do it to sell it, and the new owner is the one enjoying it.

      Laura is right about keeping the house up as if you are going to move next year. We hesitated to replace our HVAC because we had a 2-story house with a dual system and it was going to be major bucks. But we realized it was something that would have to be done to sell the house down the road, and we were expecting to sell it once my husband retired. By planning ahead, we were able to take advantage of a “buy the AC get the furnace free” deal in January one year (AC is the more expensive unit in the South). We saved a few grand on the initial purchase and the new units were much more efficient than the old, so we benefited from the utility bill savings too.

    • Elizabeth says 02 October 2012 at 09:21

      Agreed! A friend of mine has a binder/photo album that documents all the changes and updates she’s made to her fixer-upper. Friends of my parents have done the same thing with their house for over 30 years. It’s fun to see the “before and after” shots, but also great that they have a record of all the maintenance and repairs when they eventually decide to sell.

  15. Jen from Boston says 02 October 2012 at 07:43

    One open house I went to had a sink full of dirty dishes. And the rest of the place followed suit. Blech. The listing agent probably wanted to kill her clients.

    As for decluttering – For me, all the furniture and decorative knick knacks distract me from viewing the home. Also distracting is a listing agent who’s yapping your ear.

  16. Susan says 02 October 2012 at 07:47

    I think the most important piece of advice on here is to do inspection yourself. Our realtor advised that when we sold my parent’s house. It was 46 years old (built by my parents) and was maintained, but the pre-inspection helped us to catch a a few things that had never been noticed and we could either deal with them before the sale or make it part of the pricing. Also a fresh coat of paint on the interior was priceless. House sold in six months.

  17. Sarah says 02 October 2012 at 08:09

    Nothing turns me off faster than arriving at an open house and discovering that the listing was exaggerated in some way. In our area, a lot of basements have a “gardner’s potty” which is just a stand-alone toilet in an unfinished basement. We went to an open house that advertised 1.5 baths- and the half bath was the completely useless gardner’s potty. Same goes for counting semi-finished basements (as in all the duct work is showing and there’s no drywall or flooring) into the square footage. I just start to get the feeling that the seller/agent is being dishonest and I want to run away.

    • Jill says 02 October 2012 at 09:25

      All of them exaggerate to the point that after you look at a couple dozen you start to figure out that phrases like “charming cottage” means tiny rooms and “beautiful view” means you can kinda sorta see part of a mountain ridge between the neighboring houses. I started ignoring the narrative and looking only at the pictures our agent sent us with the listing.

    • Jane says 02 October 2012 at 13:00

      I agree with you Sarah about the creepy basement toilet. Why are they so ubiquitous?

      But in hindsight, I wish we had not seen that as such a downside. When we decided to finish the basement of our home three years ago, I would have killed for that plumbing.

      One of the most expensive parts about putting in a bathroom in a basement is the roughing in of the plumbing. If the stack is already there is a desirable place, it will make it much cheaper to put in a better bathroom down the road.

      • Sarah says 03 October 2012 at 14:43

        Jane- absolutely the plumbing is a plus! I just wish they wouldn’t list it as a half bath. Adding that there is plumbing in the basement to the listing would stand out as a positive to me, rather than arriving to discover less than what we expected!

  18. Mel says 02 October 2012 at 08:29

    I have been shopping foreclosures. Some houses I did not feel safe ascending the stairs. I have hit my head on ceilings (Im 5’2″) saw a house with two staircases walled in, found a piece of pizza on the carpet, used condoms and vomit on the floor(it was an open house. The realtor had never even been inside the house)

    When I toured non foreclosures I was still appalled at some of the crowded, dirty houses, ones that reeked of cat urine, dark rooms, stone floor layed in a bedroom, a bathroom doorway my boyfriend could only fit in sideways, photos of frat boy antics still stuck to the fridge by magnets, and bizarre art work.

    My personal favorite was a very large chalk mural I ran across in a foreclosure’s basement. It was of a tiger pouncing and gave me quite a start.

  19. Robert Henderson says 02 October 2012 at 08:31

    It’s been my experience that a GOOD real estate agent is worth their weight in gold. For whatever reason, too many people either think they know more than a RE expert, or hire an inexperienced “friend” that just got their RE license to sell their house.

    • Old Guy says 02 October 2012 at 11:26

      Now THERE is a great topic for an article! How do you pick a GOOD agent instead of one who will sit on their patootie and wait for the phone to ring? Seriously, how do you find one that actually earns their commission instead of show up for a check when you or someone else’s agent has done all the work?

      • Julie says 02 October 2012 at 15:15

        It is easy to pick a good listing agent if you have lived in your area for any length of time. They are the ones who have “For Sale” signs in front of houses in your area. And those “For Sale” signs usually will have a “Sold” sign attached shortly thereafter. They also generally spend money on nice quality mailings. Good agents that have been in the businessfor a number of years will often “double end” your home, which is nothing to fear. They often have a buyer in the wings, and they will work hard to steer that buyer toward a property they have listed so they can collect both sides of the commission.

        • Sandi_k says 03 October 2012 at 13:57

          As someone who once bought a house that was FSBO, and then became a “dual agency” situation when the seller “hired” our realtor to “fill out the paperwork” – you cannot be more wrong.

          There is ABSOLUTELY something to fear when the agent represents both parties in the transaction – there is an inherent conflict of interest in terms of confidentiality and information. I would never willingly do that again.

  20. Megan says 02 October 2012 at 08:55

    I have covered the real estate market in my area, and I like the advice in the article.

    One thing the Realtors say is that sellers should not take the advice personally. If your Realtor says “Paint the walls a neutral color and fix those steps,” it’s not an indictment on *you*. It’s just something you need to do before selling. Just get your laundry list together of things to fix before listing your house, and do it. It might take a few months to finish everything, but if your house sells within a month – and likely within your listing price – that’s not bad at all.

    I think some sellers balk at a to-do list because they just want to sell their house and move on to the next chapter in their lives (or they’re not being entirely honest about how they’ve maintained their home!). But getting a pre-inspection, even if you don’t plan to sell for a long time, can really help you out.

  21. Ivy says 02 October 2012 at 09:09

    I’ve always thought that with kids and pets we’ll just to our best to save several months of buffer for a double mortgage and get out before putting the house up. It’s just impossible to keep things in good shape.

    By the way, we have painted murals in our kids room (silhouettes of girls and boys playing) and were wondering what to do with these when the time comes to sell. Should we play it safe and paint over directly in neutral colors, or could these be attractive to people with kids? Or is it possible when selling to leave a note that we are prepared to repaint that room if the buyer wants it?

    • Jill says 02 October 2012 at 09:37

      I know what you are thinking. I had painted my office entirely dark blue. I mean door, trim, even the ceiling, and then stenciled in a flowing trail of stars that swirled around the entire room. All of my friends thought it was cool. My mother was dismayed when I told her I had painted over it to sell the house. She thought some kid would have loved to have that room. Maybe so, but the woman who bought it is moving in with her elderly father, and I don’t know that she even has kids at home any more.

      On the flip side, the house we bought had a bedroom that had just been painted and festooned with adhesive monkeys in anticipation of a long anticipated baby arriving in a couple months. Momma-to-be didn’t have the heart to take it down before she moved. I don’t blame her, but I have a feeling we may be living with “The Monkey Room” for almost a year before I get far enough down my project list to pull them off.

      As for telling people that you are prepared to paint the room — for some reason people just can’t seem to see beyond what is in front of their eyes. Given a choice between a house that is “ready to go” and one that needs to be painted before they can move in, they will chose the first, even if they aren’t the ones who have to do the painting.

      • Laura says 02 October 2012 at 14:14

        When we were house-hunting a few years back, we looked at one place that had a “bedroom” in name only – about the size of a walk-in closet just big enough to hold the crib in it – painted bright pink and decorated with baby animals, etc. By this point we’d ruled out this house to buy, so we turned to our teen-aged son and said, “This can be your room.” Without missing a beat, he said, “Only if I can stand the coffin upright for sleeping.” 🙂

    • Marsha says 02 October 2012 at 09:40

      The chance that a prospective buyer has children of the same sexes and same ages as yours, and that they have the same taste in decor seems very slim. For every 1 person who says “that’s really cute” they’ll be 10 who say “ugg.”

      • Megan says 02 October 2012 at 12:00

        And even if they say it’s cute, they might also be thinking “But I wouldn’t want it in my home.”

  22. Carolyn says 02 October 2012 at 09:54

    Welcome back, April, and thanks for an informative, useful article. I’m saving it and taking notes.

  23. Barb says 02 October 2012 at 10:21

    Hubby and I once went to view a house with a realtor and walked into the house to find at least a dozen stuffed animal “trophies” mounted on the walls. Real dead animal heads. We walked out without viewing the rest of the house, much to the annoyance of the realtor, who kept reminding us that the owners would take the heads with them when they moved. It was too much for my little vegetarian heart to bear and I couldn’t consider the house after seeing the walls. Irrational? Absolutely. I don’t walk away from kitchens that have cooked dead animals after all but it did make a difference to both of us. Bottom line- depersonalize the house before listing or crazy people like me will walk away!!

    • Holly@ClubThrifty says 02 October 2012 at 12:01

      That’s funny but I agree- There is no reason to offend people unnecessarily.

  24. Sam says 02 October 2012 at 10:31

    We just refinanced our home, and we did many of the things in this post for the appraisal. Since we had to hit a certain number and since we are in Florida (foreclosure central) and since our home is unique (no similar comps) we wanted to present the house as well as possible. The work paid off in that we hit the number we needed and refinanced to a 2.75% 15 year loan, saving us $180,000.

    When I was selling my prior home, I brought a ton of my personal stuff and closet stuff to my boyfriend’s home (now husband). My prior home was a 1920s cottage with tiny closets that I had filled to the brim. I cleaned out the closets and stuff I wanted to keep but was not using packed it up and moved it to his house. We also repainted the home, we did it ourselves to keep the costs low and took care of a roof issue. Home sold for double what I paid for it.

  25. thethriftyspendthrift says 02 October 2012 at 10:57

    To me, it’s strange that a lot of people don’t know this stuff already or that they refuse to do it. Unless you are selling your house at a lower price, I don’t know why you wouldn’t at least make it presentable—you might not have money to update the house but you can still make it look okay as long as it’s not a wreck. For most people, purchasing a house has an emotional aspect that sellers really need to tap into.

    We actually ended up purchasing a co-op that needs some work. Technically you can live in it and use it but the bathroom is dated (did I mention I hate the color pink?) and the kitchen is quite old. I wanted this because I have no idea where we are moving in the future and when so I figured that I could always at least break even with repairs and not lose money. In the end, we purchased a co-op at a much lower price than if it had been updated.

    While we were searching, we did come across many winners. One guy was asking, for what I thought, was a lot of money considering that there were repairs to be done and that walking into it left you dizzy. It was completely dark because he works nights (so do I but if I was selling my apartment I wouldn’t act like I live in a bat cave) and covered in crazy stuff EVERYWHERE—from floor to ceiling. Words cannot even describe what we saw in there…

  26. John S @ Frugal Rules says 02 October 2012 at 11:07

    Great points. I agree with what’s already been said, that a good agent is worth a lot. I would tend to think it would be good to have a pre-inspection done. I know it’s a cost, but I’d rather spend that to find if there is anything glaring and so I can go into a negotiation knowledgable.

  27. Grayson @ Debt RoundUp says 02 October 2012 at 11:23

    I am going through this right now. My wife and I are working hard on our list in order to get our home show ready. While it is a pain to get this things complete, it will save money in the long run and hopefully increase offers. Great Article!

  28. Wayne says 02 October 2012 at 11:27

    I think this is great advice! I had to relocate a few years ago with some notice but without a relo package. For 2 months, I made minor repairs started packing and cleaned. I also had a dop and was a single working man. I couldn’t possibly show the how, keep it ready, smelling nice and all while working all day. So, I made it as perfect as possible and put it on the market the day after I left in the moving truck. I got an offer at list 2 weeks later and closed about 3 weeks after that. And, to top it off their inspection came back with ZERO issues or any concession requests! Talk about a load off my mind to wrap up that house quickly and begin moving forward in my new location!

  29. Steve says 02 October 2012 at 11:38

    I don’t think I’d get a house pre-inspected. Once you know about something, you are legally obligated to report it on the sellers disclosure (at least in my state). Then you face two problems. One is that you have two different inspectors finding things for the buyers to negotiate about. That can only hurt, unless you fix literally every single problem found.

    And two is that you may scare off some buyers. According to psychology research, once someone has started down the path of a purchase, they are much more likely to complete it. I don’t know for sure but have to imagine that applies just as much to home buyers. So when you disclosing problems in advance, the buyers aren’t mentally committed yet, and it’s easy for them to pass and wait for a better house. If you get them to agree on a price and then their own inspector finds problems, they have already decided to buy the house, so it’s much more likely they’ll negotiate and come to an agreement with you. Certainly not guaranteed, but more likely.

  30. KS says 02 October 2012 at 11:42

    This is probably true in a market with more homes available to buy than buyers – but this is not the case in the Bay Area right now. We have put in offers on houses still in probate and full of the deceased party’s belongings and were outbid at 30% over asking. Houses in disrepair, full of the owners things, and with the owner hanging out during the showings to say hello are getting 10-30 offers and selling for cash buyers.

    What you need to do to sell your house depends on the market.

    • Julie says 02 October 2012 at 15:18

      Agreed. I am in North Orange County, California and the average age of our homes is probably 40 years. Thus there aren’t as many people underwater as in the newer communities. We have been looking for a replacement home and they are selling faster than we can react.

  31. Maria from Money and Development Personal says 02 October 2012 at 12:30

    We sold our house 4 years ago and we didn’t have enough money at the time for updates and repairs but we hired a home staging coach who helped us with the visits and gave us some simple counsels that worked!
    – Clean up, clean up and clean up
    – Take off all personal objects like familly photos, etc, so the visitors could project themselves as in their new home.
    – We packed up but no boxes were around, just a touch of minimalism and cleaning did the trick

  32. Jen2 says 02 October 2012 at 12:59

    I dread putting our house on the market. I will have two small children by the time we are ready to sell (still likely underwater) and we do not have two bedrooms for them, so I will likely have one living in a hallway.

    We are making only repairs that we think will increase our odds of selling or selling price, but nothing else. We have some drywall that needs repair because of a roof that we had repaired. We have painted most of the walls as neutral as possible and will continue to add blandness.

    We will move out a lot of furniture, clothes, toys, and storage when we are ready (hopefully to a parent’s basement or garage).

    I am wondering how we will live every day with no coffee machine, very few clothes, limited furniture and no toys. Also, how will I keep up with deep cleaning like dusting the fans, mopping and vaccuuming daily? How will we keep fresh pure white linens in the bathrooms and bedrooms while using them? Plus I can’t imagine who would take our cat for months on end.

    It all makes me very discouraged.

    • Megan says 02 October 2012 at 17:20

      Then can you stay in your house? I know it’s small, but it’s still doable. Can you bring the baby’s crib into your room? Are there things you can sell that you don’t use or need anymore? Check out Pinterest and organizing websites for tips on how to maximize your space.

      • Jen2 says 03 October 2012 at 07:03

        It will do for the short time. My husband and his brother bought the house 6 years ago and renovated it. I bought it from them just over 3 years ago before we were married. I would like to someday buy a house that I have helped pick out . . .

        We will have the crib either in the hallway or in our room most likely. I do not want to still be here by the time my son is ready for school since Baltimore schools are so awful. Plus I really miss trees and nature. All we have in Baltimore is concrete and rats. Our neighbors just listed their house for quite a bit more than we paid (although with some additional aspects) so we are optimistic that the market is not as bad as we have been thinking. We’ll see if they sell and at what price.

        A few financial things that would be nice about leaving Baltimore are that our property tax and income tax rates are twice the rates of any other county in Maryland. If we moved out of the city our taxes would decrease, plus we would not have to pay for the tunnel tolls every day and we would save on gas.

    • chacha1 says 03 October 2012 at 11:46

      That’s a tough situation, but it’s do-able. I suspect you’ll find (per reply post) that the market is active enough to move the house even if you don’t do a lot to it. But you *will* need to get it thoroughly clean and take care of things like drywall damage. 🙂

      Is the kitchen really so small that keeping a coffeemaker will make the counters seem inadequate? If so … Nescafe Clasico is IMO a satisfying instant coffee. 🙂 As to the cat: I would be the last person to say “get rid of it” but the first to say “clean, clean, clean.”

      Better to spend an extra $100/mo on laundering bed linens and renting a carpet steamer, over the short term, and get yourselves into a better situation in the longer term.

      Most people don’t realize we have cats until they come out to say HI, because our public rooms have no carpet, I scoop the box daily, and I give the cats sponge baths regularly.

      But: all that said: how badly underwater are you? Because if you’re going to have to PAY to leave the house, making do for a while longer might be the wiser financial decision. Your kids won’t be irreparably damaged by a couple of years in a bad school system if you can enrich their education at home. If you can scrape together enough for improvements that might raise the value of your house closer to what you paid … might be worth putting up with the crap commute, etc. Good luck!

  33. Amy says 02 October 2012 at 13:03

    Agree wholeheartedly with this article! One thing my husband (a former realtor) used to do was to bake cookies during an open house (he had the homeowner’s permission, of course). It was one of the best smells to walk into a house, plus then there are the cookies themselves to offer to visitors, and the added benefit of masking some smells.

    Also, people… get some really good photos of your property and post them online! These days, that’s the first place people go to look at homes. I have seen the worst photos listed there (like a cell phone photo taken through a car window with the house vaguely in the distance). You don’t need to a hire a professional, but do make sure that what goes online representing your home is putting you in the best light possible. If it’s your realtor taking photos, ask to review them, or at least clean up before they do so!

    • Allyson says 03 October 2012 at 09:38

      Absolutely agree, 100%. I won’t even bother looking at a house in person where photos won’t posted online. I figure that can only mean bad news. My parents are currently and are under contract for a new condo, and my mother was the same way: if no interior pictures are posted online, she moved to the next house on the list. (Only exception is if the house is a rental property and I am looking at it as an investment property, not my personal residence. I fell in love with my current house just by looking at the pictures online. When we pulled up in the driveway to meet the realtor and I saw the backyard for the first time, I (jokingly) told my husband “We’re done looking. We can put the offer in now.”

  34. Sarah says 02 October 2012 at 13:28

    This is a fantastic article– I really enjoyed reading it and all the comments.

    DH & I just bought our first house this year, so we’ve been on the buyer side recently– two particularly bad things stick out in my mind…

    One of the first houses we looked at was one where people were still living. Not only was it messy, outdated, and gross, the people had just left before we got there and there were literally still clouds of pot smoke in one of the rooms. We left immediately. The other was not being lived in, but there was a used condom on the ground outside, right by the door. So gross. I have no idea what people are thinking.

  35. Laundry Lady says 02 October 2012 at 16:41

    An important thing, though it may seem obvious: the owners should not be there during a showing or open house. We looked at two houses, including the one we bought, where the owners were there during the showing. It was really awkward. The one house (not the one we bought) was having a family party with quite a few guests and it was a small house. I wondered why they had agree to the showing at all. Every time we looked in a bedroom there was someone sleeping there! It was very awkward. The only reason we bought our current house was because we came back to see it a second time a few weeks later when the owners (and their two kids and two large dogs) were out. We like the house much better the second time.

    • Jen says 03 October 2012 at 09:35

      It might be “obvious” to not have the owners at the home, but this is a potential problem when we get set to move, as my husband is a remote employee; he works out of the home. While leaving a few times might not be that disruptive, it could become problematic. Has anyone else sold a home with this situation? I can’t seem to figure out how we’d adjust. And no, there isn’t a Starbucks nearby where he can go and work–he does secure work over a VPN (plus, the nearest Starbucks is around 30 minutes away).

      • Allyson says 03 October 2012 at 09:41

        How far is the library? Check to see if your local library has wifi.

      • seemless says 05 October 2012 at 15:42

        I sold my house, and the first weekend it was listed there were 6 showings on one day. I’m sorry, but I have things to do (like the person who worked at home) and I am not going to be gone all day. Also, I didn’t trust anyone not to stand all damn day yacking with the door open and letting the cat out. And no, the cat couldn’t stay all damn day in his carrier. What happened was I let the first group in, then spent the rest of the time in the back bedroom, doing my daily stuff. There wasn’t anything to see in that room but my desk, printer stand and an empty closet. I wasn’t offended if people didn’t stay to chat. Actually, it came in handy for a couple groups who had a question or two. They could go back and ask me, get an answer, and go on their way. No problem. It’s probably how you handle it. If the workplace is in an out-of-the-way area, and is quickly assessed and viewed, probably no problem. It’s when someone is hanging out in the living room or kitchen, or following the group around that it gets creepy. Do what you can to minimize the disturbance, have your realtor tell their realtor in advance and just get on with it.

  36. Tippy says 02 October 2012 at 17:58

    Oh, the things I’ve seen looking at houses…just defies any common sense. An older home needing updates and even minor repairs was never a problem, but it’s got to be CLEAN and UNCLUTTERED! One of the best homes I purchased was built in ’59 and besides having a newer fridge, had all the original appliances, bathrooms, etc., BUT, everything worked well and house was mechanically/stucturally sound. Husband and I had a great house to live in while we slowly updated and doubled the sale price when we sold 6 years later.

    As for choosing a realtor, I’d really like the answer to that one too. My first husbands mother was a Realtor and was the sales manager in the most succesful agency on the north shore of Chicago, so was presumably the big muckity muck, knew “the way things are done”. Listening to her on some of her sales calls and calls to other realtors, I was absolutely appalled at what goes on (at least in that area). From then on I never completely trusted a Realtor, and will never tell them up-front what my top dollar for a purchase or bottom for a sale is.

  37. Anne says 02 October 2012 at 18:07

    One of the best posts in a long time!

  38. Kacie says 02 October 2012 at 19:39

    Avoid a double mortgage by not buying a house in your new city right away. Rent! Get to know your city first!

    We did that when we moved back to Indiana last year. We moved to the Indianapolis metro and needed a few months to really decide where we wanted to buy. We were month-to-month on an apartment (and paid more for that flexibility) but it enabled us to slow down and not rush the biggest purchase of our lives.

    No double mortgage because we were renting in our previous city. But still. Slow it down.

    • chacha1 says 03 October 2012 at 11:53

      Yes, yes, yes, yes.

      Given the past few years’ experience, it should be clear that buying a house is not always the best financial decision. If it’s a new and unfamiliar city, buying too fast can be a TERRIBLE decision.

  39. Cherleen @ My Personal Finance Journey says 03 October 2012 at 01:40

    Great tips! We are looking into buying another house and thinking whether to put this house on sale or have it rented out. Though I prefer the latter, I believe that I should also make it show-ready and do necessary repairs, even minor ones, so that it will be attractive to prospective tenants and get the top dollar. Thanks for sharing!

  40. Evangeline says 03 October 2012 at 07:19

    As the executor of two separate estates, I had to sell homes quickly and efficiently to satisfy the heirs. Every one is right about the extra steps being worth the effort. In my case, neither estate could afford very much renovation. Doors and windows were opened to air out 60 years of other people’s dust, air filters were changed, everything was cleaned and polished to a high shine and I gave a whole new meaning to ‘Q tip clean.’ It wasn’t difficult but it was time consuming. A few seasonal plants, a new door mat and wreath on the door helped as well. I took a friend with me and basically asked them to walk through and make sure it passed the smell test. They were clean homes, but no one is going to buy a home that smells like pets, dust, food, etc. The hard work paid. These were very nice homes in not-so-nice neighborhoods during a very bad market and one sold in three weeks; the other sold in three days. It is tiresome work (and you may have to clean several times, I did) but it is worth it when the check is being taken to the bank.

  41. Lyn says 03 October 2012 at 07:28

    Great post! One thing I didn’t see mentioned is the psychological aspect of selling your home. You have to stop thinking of it as ‘your home’ and start thinking of it as a ‘house’ – an investment – that you are selling. Makes a huge difference in your attitude about doing what needs to be done to sell and move on to something bigger (smaller) and better.

    • Evangeline says 03 October 2012 at 13:36

      I absolutely agree! Of the two houses I sold, one was my childhood home; the other belonged to a beloved aunt. When people would say things like,’how can you do it’ or ‘I can’t believe you’re changing such and such after all these years’ I just simply reminded people that now it was a piece of property. You really do have to detach yourself.

  42. Michael says 03 October 2012 at 07:33

    This is petty and childish, but I hate this type of headline. It reminds me of the spam/scam ads on a lot of websites

    “Lose 100Lbs with this one neat trick”

    “Moms from your town make $100,000/week with this one weird job”

  43. Patti says 03 October 2012 at 07:57

    When deciding to move my best tip is
    #1. Have a garage sale
    #2. Go through everything again and have
    another garage sale
    #3. Go through all the closets, attics and storage areas and donate everything you don’t need/didn’t sell and take the tax write-off.

    Most of us have way too much stuff. The kids have outgrown alot of those toys and lots of decor items won’t go with your new house. Be brutal. Then start cleaning and painting. It will make selling, moving and unpacking so much simpler.

  44. Mary says 03 October 2012 at 10:28

    Here’s a question about getting a house ready: We had a couple of realtors come in and look at our house (small ranch). Husband has new job and his commute is quite long so we are thinking of trying to be closer-but it isn’t necessary that we move. One realtor suggested that we finish the basement at least partially to up the square footage and therefor the price (adding on another bathroom and laundry area as well-plumbing already in place). The other worried it wouldn’t drive up the listing price enough to justify the cost. How much work is too much to get it ‘ready’? Is $15k too much for a possible additional $40k sale price? I would appreciate any advice/personal experience! Thank you!

    • Jane says 03 October 2012 at 19:14

      I don’t know what type of market you are in, but I find it highly unlikely in this economy that you can turn $15,000 in improvements into a $40,000 increase in your home’s value. That sounds dubious to me, especially if you are talking about below grade (i.e. basement) renovations. There is almost no renovation project that returns 100%, unless you are doing it yourself and not paying for labor.

      Either you live in the hottest real estate market in the country, or your realtor is exaggerating your return on finishing your basement.

      My advice? Don’t do it. Save that money for fixing up your next home or for something else entirely. This is not a guaranteed investment. You will most likely lose money. Plus you will have to deal with the hassle of a remodeling project.

  45. Kai Jones says 03 October 2012 at 12:31

    The things that really paid off for us were removing about 90% of our stuff (to storage) so that there were only basic pieces of furniture in each defined room: couch, lamp, and TV in living room; dining table and chairs in dining room; bed, one dresser, and bedside table with lamp in each bedroom. No personal items anywhere in the house, we even used dorm-room-style shower caddies for our bathroom stuff and took them with us when we left the house for a showing.

    We received a cash offer, no conditions, over asking price the first day. We had two back-up offers, also for over asking, within the next 2 days. This was fall of 2010. Granted we were in a hot neighborhood but we were still happily shocked.

  46. Kris says 03 October 2012 at 18:55

    Lots of people have so much pride in their home that they think it will sell itself. So your point is right on. You actually need to make it look nice, tidy, clean, and fix any obvious problems, cosmetic or not. Sure, you can disclose certain issue, or leave some for negotiating. But selling your home is not the time to be stubborn – at least bot if you really want it to sell!

  47. natural stone supply says 07 June 2013 at 01:35

    Hello! Thanks a lot for the wonderful share and informative info.You need to keep your home neat and clean and fix any obvious problems, cosmetic or not.A very helpful article. Cheers!

  48. roofer Maryland says 17 July 2013 at 05:14

    I agree. Make the home ready to pick. First impression is the last one and can be created by making your house attractive by renovating it. Make the walls and roofs look beautiful. Hire some good roofing companies which can help you renovate it at a bit lower costs. 🙂

  49. US Storage Centers - Baltimore says 05 October 2013 at 11:12

    Too many people are leaving money on the table by not staging their home for sale. It takes longer and sells for less.

    I little preparation goes a long way. Informative article and so true.

  50. JD says 14 November 2013 at 00:19

    real estate angets think they are interior decorators and much more these days..Staging of house blah blah blah..Ive sold properties without staging.. And any house I have bought in the last 5 years If I sense it has been staged I walk away from it and the agent.. First off most people do not live in a staged world… To sell a house make sure its clean painted and it looks good the house will sell eventually.. All this stage stuff all the agents are doing is fooling themselves..

  51. http://databas.hhklubben.se/readnew.asp?p=54 says 25 November 2013 at 03:18

    The enormous hurdle is financing. Anticipations between loan providers and sellers are really a large amount bigger at this time,’ Watkins states. The commonly accepted principle tends to be that no more than thirty % of a household’s takehome cash really should go towards the principal, curiosity, taxes and insurance plan. Even when you’re a calendar year or maybe more far from purchasing a home, get started preparing now. Build-up your funds for your deposit furthermore other fees that include owning a house. Check your credit history report for accuracy. Pay out your charges by the due date and 0 out all credit history card personal debt. And do not acquire on new personal debt, like a huge motor vehicle payment.

  52. Theresa says 20 February 2014 at 13:27

    When you’re looking to sell your house, it’s fairly simple. There is no need to stress and fret so much about how it looks and all of that. Just make sure that it is clean. If you have animals it may be easier to try to get them out of the house before people come to take a look around or simply communicate with them that you have animals. Some people looking at your house might have animals of their own and wouldn’t mind seeing your cat or dog, so don’t worry so much. People that stress too much about it end up trying to act like a different family or person in their own home simply because they are trying to get rid of it. Other people will be trying to buy your house, not you.

  53. Mr Malcolm says 15 June 2014 at 22:07

    Every seller want to sell the property as fast as possible and in this kind of rush they commit some serious mistake which will gone make a impact on the value of the property, necessary advice and tips on how to sell the property.

  54. JS says 10 September 2014 at 12:55

    I’m suggest making sure that the Septic will pass the inspection and if there are any additions to the building that the seller didn’t get a permit for, make sure you get the permit! In many states that’d be a be issue!!! We live in Wa and are trying to buy this one house, we have been living for free in it for 3 weeks now because the septic didn’t pass, we already sold our house and if they didn’t let us live here we would had been homeless for a while.. now, after the new septic has been installed, the back yard got completely destroyed and we won’t buy the house unless the owner brings the yard back to where it was (seeded grass) we don’t expect it to look perfect, we will wait for the grass to grow back but we won’t take piles of dirt and rocks all over the back of the property. ALSO! the additions he made to the house didn’t have a permit (according to the county the house is 1500sf, according to the listing 2100sf, according to the appraiser 2300sf) and now the county is making a big deal and asking him to open the drywall so the inspector can see what the walls are made out of and the electrical stuff. NOTHING TO DO WITH US, however, he is very angry with us and he even talked to me in a very rude way today, we now might not even be able to buy the house because the seller is upset and he is over his 80s, who knows what is going to happen. We are in LIMBO and we hate this situation. I’D STRONGLY RECOMMEND MAKING SURE THAT EVERYTHING IS CLEAR WITH THE HOUSE PERMITS before you sell it or it can become a gigantic mess.

  55. Sissy Lappin says 27 December 2014 at 09:27

    The advice given in this post is even more relevant than it was two years ago when the article was written. The housing market is now a “second tier market”, which is to say that it’s dominated by trade up buyers, rather than by first time home buyers.

    Trade up buyers are more discerning. They already have a house and they want something better. If your home isn’t that better home, you won’t get any offers.

    Make sure to paint it neutral colors, inside and out. Get rid of the clutter. Take down posters that indicate your political stance or even your religious beliefs (its best to assume that buyers don’t share yours). Remove hunting trophies – some people are offended by them.

    Also, stay on top of pet odors – they’re deal killers. And speaking of deal killers, nothing is worse than a prospect walking across your property then stepping in a pile of poop. I’m not going for laughs with that – the prospect will be distracted by the clean up, and the showing will be over!

    There’s more to selling a house successfully than most people assume.

  56. mickeygirl says 08 May 2015 at 08:20

    Just had my first showing on my house yesterday. They rated us a 2 saying the house smelled bad and showed poorly. My mother is my agent (which doesn’t help that we are currently on the outs and not speaking) and she has been no help. There was no constructive or helpful criticism when she came over to take pictures only that she thought it was a bad idea to post pictures of the room that housed our Disney collectibles. When we first viewed the house my grandmother made a comment about being able to smell the earth (we have a Michigan basement) but I have never noticed a smell from it. I don’t understand why paint color keeps coming up through the comments, do people really look for houses with the least amount of personalization possible? I can say I did not buy my house because o

Leave a reply

Your email address will not be published. Required fields are marked*