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The housing market
has become much more competitive. Many
communities are beginning to see homes remain
longer on the market and the bargaining pendulum
swing in favor of the buyer. This is called a
buyer’s market, as the number of available homes
outnumbers the buyers. As a seller, your
challenge is to turn a buyer’s market to your
advantage.
The right price is
vital, because overpricing your home can cause
you to eliminate potential buyers and lengthen
the time that your home stays on the market. But
equally important is making sure that you give
your home a competitive edge by giving it
creative eye appeal.
Many homeowners
make the mistake believing they are selling
“their home,” but once on the market your home
is actually a product. You need to create an
environment the buyer can’t resist. In other
words, do everything you can to make the home so
attractive, charming, cozy, inviting,
comfortable and exciting that a buyer will want
to buy that lifestyle for himself.
This can be
accomplished by making just a few improvements
in your home’s presentation. Here are some
guidelines to make your property distinctive and
memorable.
1. Eliminate
clutter. Have you ever noticed how model
homes are perfect with no mess, clutter, or mass
of personal belongings heaped about? There
should only be a few exquisite and well-placed
accessories on tables, desks, chests, etc.
Also, clear kitchen and bathroom counters and
furniture of everything except decorative
accessories. Put the personal
things--cosmetics, toiletries, clothes, bills,
papers, and homework—out of sight. Tuck
wastebaskets under counters or inside cabinets.
Clutter and personal belongings detract from the
important features of the home.
2. Create a color
theme. If you embark on any investment
decorating, like painting, wallpaper, draperies
or new furniture purchases, create a color theme
that’s consistent. Wall-to-wall carpeting
should be the same throughout the house.
Neutral colors are best to please all tastes.
3. Rearrange the
furniture. Just the slightest readjustments
can make a big difference. Pull the furniture
from against the walls to create a more intimate
setting. Move furniture from one room to
another. That extra armchair in the living room
may create a cozy sitting area in the guest
bedroom.
4. Create custom
spaces. Luxury master bathrooms, decorator
kitchens, built-in cabinets, computer
workstations, exercise rooms, and children’s
play areas are the kinds of features that
generate sales appeal. Even if you don’t have
these specific custom spaces, you can fashion
them or suggest the potential for creating
them. Accessories, mirrors, plants and fluffy
new towels can generate a feeling of luxury even
in a plain-Jane bathroom. Turn an extra bedroom
into an exercise room if you’ve got the
equipment, or a loft space into a child’s play
area or hobby center.
5. Keep it clean
and pristine. Dust, vacuum, mop and polish
on a regular basis. You’re not selling the
furniture, but a high shine on wood furniture
and floors can make a room sing. Touch up nicks
on walls and make sure the porcelain sinks and
tubs and metallic fixtures shine. Windows
should sparkle. Keep yards and landscaping neat
and attractive. Add color spots of flowers to
perk up entryways and yards.
6. Consult with a
professional. There are decorator
professionals trained to “stage” a home for
sale. They are able to offer an objective view
of what buyers are looking for in your
competitive market. Depending upon location,
neighborhood, demographics and price range, the
special touches that turn on buyers may range
from splashy master bathrooms and gourmet
kitchens to children’s play areas or home
offices.
You don’t have to spend a great deal of money to
give your property the competitive edge. Just
try to imagine the kind of lifestyle your target
buyer would enjoy, and use a few decorative
touch-ups to create it |