Noelle Blazevich Snoqualmie Valley Real Estate

Dear Seller - Don't let an agent "Buy" your listing

No I am not saying don't sell your home to a licensed agent. If an agent wants to buy your home and it is a fair offer go for it.

What I am saying is don't choose the agent to represent you based soley on which one tells you that you can sell your home for the most money.  If you say I want to list my home for $X and they simply agree this is not a good sign.  This could mean that the agent is willing to get your listing by agreeing to your price with a plan to convince you to reduce the price later.  In the industry this is often called "buying the listing".   A good agent will show you a market analysis of your home's value based on what is currently on the market, what has recently sold and what has failed to sell.  They will also be able to share with you what homes in your area they have visited in person and give you detailed reasons why they believe your home should be priced above or below the comparable homes.

These reasons can include but are certainly not limited to:

Location

  • Proximity of the comparable homes to your home
  • Main road or side street
  • Neighborhood - Comps in the same general area or neighborhood are stronger than comps that are in a different neighborhood or father away.
  • Is the comparable's neighborhood considered more desirable or less than the one your home is in.

Lot size and usability

  • Is the yard fenced?
  • Is the lot flat or sloped?
  • Is it landscaped or does it need work
  • Is the lot bigger or smaller
  • What type of parking is available?

Condition of the exterior and interior of the comparable properties in contrast to your home

  • Which home has the most upgrades, yours or the comparable's?
  • What is the master bedroom like?, Master bath
  • Number of bedrooms and baths
  • Condition of the kitchen
  • Does the home have a home office
  • Is the design open or traditional
  • What type of flooring does the home have?
  • Are the ceilings vaulted or low?

Other Factors

  • Does the property have a view?
  • Is it a waterfront property
  • Are there neighborhood restrictions
  • What are the homeowners dues
  • For larger properties are there outbuildings and what is the condition and use of the outbuilding?
  • Year built
  • Windows and insulation type
  • Heating system
  • AC or no AC
  • Paved drive
  • Neighborhood condition.  Are the neighbors keeping their homes up?

If an agent simply agrees to list the property for what you want or "need" to sell it for they are not necessarily doing you any favors.  Statistically overpriced listings stay on the market longer and eventually sell for less.  If you are planning on pricing your home well above the competition you need to ask yourself "If I were the buyer would I pick this home or one of my competitors?"  Detach yourself emotionally from your home and answer honestly.  If you would pick one of the other homes you house is priced too high and will likely linger on the market and eventually sell for less than it would have if it were priced competitively from the start.

 

 

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Noelle Blazevich
John L. Scott - North Bend
425-985-2334
noelleblazevich@johnlscott.com

When you work with me it's about YOU!

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10 commentsNoelle Blazevich • June 11 2010 02:58PM

Dear Seller - Ten Sure Fire Ways to Distract Buyers from Focusing on Your Home.

 This may seem a bit harsh but it is just plain speaking honest commentary regarding my experience as a buyer's agent.  The statements below are taken directly from the comments and behaviors of buyers viewing homes for sale.  It not meant to be negative but rather is meant to give sellers a bit of a look into the buyer's head.  A chance to see things from the buyer's perspective without the candy coating we agents typically put on things.

10) Leave your "friendly" dog roaming free inside the house when you know we are coming to see it.

Not all buyers are dog people.
Many whether they are dog people or not will actually be scared of your dog.
I have had clients refuse to go into homes because the dog was out.  Or they go in but don't stay long because the dog is either scared of them or overly friendly.  It's hard to pay attention to a home when your nether regions are being inspected by Fido. 
If the buyers are true dog people they are going to focus on the dog not on the house.
Trust me I have seen it happen. 
One way or the other your pet has effectively distracted the buyer from looking at your home.

9) Leave something aromatic cooking in the crock pot for your dinner that night

Not all buyers are going to be fans of your food choices.  In fact if it is particularly aromatic and something the buyer's don't care for, they are likely to ask me if I think the smell will come out or leave quickly because they don't like the smell. 
They were so focused on your food choice they didn't look at your house.

8) Keep photos of your family up throughout the house

Guess what, buyers are going to look at your family photos to try to figure out who you are, do they know you, how many kids do you have?

Guess what they are not doing?  Looking at your house.

7) Keep all your nick knacks out

I know they are precious to you but honestly they are distracting to the buyer.  Instead of looking at the fabulous mantle the buyer will be looking at all the items on the mantel.  As with family photos, buyers will often comment on these items trying to form opinions on who you, the sellers, are rather than focusing on the home.

Pack them up in boxes so you have one less thing to do later on moving day.

6) Make it difficult for me to show your house

I know selling your home is a pain, that you have a life and the appointment time I'm suggesting might not fit into your schedule.   
But, hey I have a buyer that wants to look at your house. 
You want to sell your house right? 
Know what happens when you can't make that appointment time work?  The buyer goes and looks at other houses that are available to see at that time.  Do buyers reschedule to see your house at a later date?  Often times not.  Many buyers find another home that they like or are just not interested in going back to see one they couldn't see right away.  I am not saying that you have to turn your life completely upside down and backwards.  I am just saying that if our appointment time does not work for you don't be surprised when we don't reschedule.  The buyer is likely to have moved on.

5) To continue on the pet theme, leave your cat roaming free throughout the house with a note by the front door stating "Please do not let the cat out".

You are setting up a stressful rather than relaxing situation for the potential buyer and for me the buyers agent.  Buyers are forced to dash in and out of doors rather than wander freely throughout the home and property.  They miss out on the opportunity to call back into the house to their spouse or partner that "they have got to come see this garden, bbq area, hot tub etc" because they had to shut the door so the cat didn't get out.  If they do get wrapped up in looking at the house and forget to shut doors I have to remind them instead of pointing out the features and benefits of your property.  You just made me the nagging hall monitor instead of the helpful agent.  When your pet does manage a jail break, as I swear 99% of them do, I am forced to give chase to Houdini the Wonder Kitty.  Meanwhile my buyers are cooling their heals either irritated that we are off schedule or more likely worried that you are going to be mad if we don't catch your pet and get them back inside your home.

Again the focus has been shifted away from your home.

4) Don't replace burned out light bulbs or use low wattage bulbs.

Yes I know it's only the laundry room, a closet or the spare bedroom you never use but guess what? The buyer wants to see these spaces and when the buyer can't see it they can't form an opinion.  Use a good high watt bulb that appropriatley lights the space.  While the lower wattage bulb will save on your electric bill it will also make for a dark space.  Dark spaces do not impress buyers.  I will typically bring a flash light to help out when a bulb is out but it is still not the same as having a working bulb with the appropriate wattage to light the room to the best benefit.  Buyers will focus on the burned out bulb instead of the space.  Is it just the bulb?  Is there something wrong with the fixture?  If the bulb is dim buyers will focus on how dark the space is instead of how useful it might be.

Don't give them a chance to wonder and worry just replace the bulb and show off the assests of your home in the "best light".

3) Close all the curtains and turn off all the lights

When we walk into the house instead of immediately noticing the great things about the house we are going to be fumbling around looking for light switches.  It is likely that either I or one of the buyers may stub a toe on a hall table trying to find the switch.  Buyers are hesitant to enter dark areas.  In a home that is dark the buyers tend to follow me around as I turn lights on instead of lingering in various rooms to focus on what they might like about a room.  They feel more like they are intruding and less like they are welcome.  Instead of paying attention to the homes benefits they worry about whether they remembered to turn a light off as they left a room.   They also don't get as much of my attention because instead of being able to answer their questions about whether or not the fridge is included or what the square footage of the lot is I am running around opening and shutting drapes and turning light switches on and off.

I know it may not be practical to leave all the drapes open and all the lights on all the time.  At least leave the drapes open on the windows with the best views and leave a few lights on so we can find our way around the house.  If it was on when we got there I will leave it on when we depart.  If it was off I will turn it off.  Please at least leave the porch light on.  I do carry a flashlight but it is just not the same as pulling up to a home with a welcoming porch light on.

2) Turn the heat down

I know especially if you have already moved out that you would like to save on that energy bill but if it is colder in your house than it is outside buyers don't want to linger.  They don't get a warm cozy feeling from your home.  They just feel cold and that feeling transfers to an emotional opinion of your home.  If you can't keep the heat all the way up at least keep it at 55 so we are comfortable in our coats and for heaven sake if you are going to turn the heat down don't expect us to take our shoes off, leave some shoe covers.

One of the quickest ways to drive a potential buyer out of your house is to make them view a cold house in stocking feet.  It is hard to admire the spacious kitchen when your feet are being flash frozen by the cold tile floors.

1) Stay in your home while we are showing it

This is the BEST most SURE FIRE way to make a large majority of buyers uncomfortable.  Buyers don't even come close to paying attention to the features and benefits of a home if you are there.  They are so nervous about offending you and so uncomfortable looking at your home while you sit in your living room or worse follow them around that they rush through. They will tell you thanks for letting them look and dash out. Upon leaving they can't begin to tell me if they noticed what colors the wall were, if there was carpet in the living room or if they liked the kitchen or not. 

What they do tell me is "That was uncomfortable", "I don't like looking at homes when the seller is there" and "Can you make sure the seller will be gone at the next one, if they are there I don't want to see it"

Leave, even if you go sit in your car, take a walk around the block or dash over to your neighbors, just leave.  The buyer will stay longer and pay more attention to your home then if you are there.  If they are interested in your home and have questions I will call your agent and ask.  Think about it.  Would you feel comfortable wandering through someone's master bedroom and checking out the closet space while they were sitting in the living room?

If the buyers fall in love with you home and decide to make an offer there will likely come a time where they will want to meet you and discuss your home at length and in detail with you. Typically buyer's and seller's agents are more than happy to set up this meeting.  It is just not the first time the buyers are viewing your home.

Again, Please keep in mind these statements are meant to be helpful to sellers and give them a chance to look at things from the buyer's perspective.  These are just some of the things that may not typically be thought of as a big deal but do in fact distract buyers focus. 

Noelle Blazevich
John L. Scott - North Bend
noelleblazevich@johnlscott.com
When you work with me it's about YOU!

Noelle Blazevich on John L. Scott.com
On Facebook
RealEstateByNoelle.com
On You Tube
Virtual Tours of My Listings

 

147 commentsNoelle Blazevich • April 08 2010 07:05PM

Change is in the Wind for Short Sales - HAFA Coming April 5th

New Short Sale Guidelines and Process for Qualifying Homeowners:

Coming up April 5th the short sale process will change for some homeowners who qualify for the HAFA  or Home Affordable Forclosure Alternatives Program

The goal of this progam is to make the process easier for homeowners and potential buyers. Homeowners who qualify for the HAFA program will be able to get preapproval from their bank prior to listing their house for sale as a short sale. Guidelines for bank response times after the purchase and sale documents are signed will also be changing in an effort to speed up the process.  This is good news for both beleaguered sellers and apprehensive buyers.

HAFA Brochure

What this means for the qualifying homeowner is that essentially instead of waiting to get bank approval until you have an offer on the table you are able to apply for a short sale with your bank and get bank approval prior to listing your property.  This should make your property a lot more appealing to buyers who are leery of the often lengthy short sale process. 

What this means for the buyer? A potential end to taking a stab in the dark and writing an offer then sitting back with your fingers crossed for 90 days or more hoping the bank is going to accept your offer. 

Personally I can't wait for this one to roll out. 

Noelle Blazevich
John L. Scott - North Bend
425-985-2334
noelleblazevich@johnlscott.com

When you work with me it's about YOU!
Noelle Blazevich on John L. Scott.com
On Facebook
RealEstateByNoelle.com
On You Tube
Virtual Tours of My Listings

 

 

14 commentsNoelle Blazevich • March 29 2010 11:33PM