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Tips for Drawing in Buyers

Monday, August 8, 2016

by Sandi Pressley

After your home is listed on the MLS (Multiple Listing Service) and the sign is placed in your yard, you might be wondering what comes next. Most sellers think there’s nothing left but to sit back and wait for the offers to come rolling in, but that’s not always what ends up happening. You'll need to draw in some buyers. Here are some tips to get buyers more interested in your home.

First start by looking at your home and finding any repairs you’ll need to make. Is your plan to sell your home as it is or are you going to be put some money into fixing it up? There might be a few surface problems that can be distracting to potential buyers that you can easily fix.

After that you’ll want to pack away anything that might be cluttering up your home. Extra furniture, family portraits, books and any boxes you have stored in your closets. Try to store these things in your garage or even in an offsite storage area. Unnecessary clutter can make a buyer think there's a lack of space, so clearing up the clutter shows the buyer how much room your home actually has.

Make sure that you don’t block any views out of the house with furniture or stacked boxes from your oncoming move. Blocking the views might make buyers think that you’re trying to hide something unpleasant or it may just give them a claustrophobic feeling, neither thing is something you want from a potential buyer. While buyers are usually pretty sympathetic about the mess a move can cause try to keep the mess confined to one room or maybe even half the garage.

Always remember more room and storage space are things that buyers love. Create an open feeling in your home by swapping out or removing any bulky furniture in the house. Large pieces of furniture take up precious square footage in a room and make it look much smaller than it is. Try to find a piece of furniture that fits into the room better, or if you can’t just remove it altogether. The idea is to present your home in the best possible light, adding mirrors to a room can make a room look bigger and can bring more light in.

Make your repairs, pack away any extra clutter and make your home as open as possible and make sure to do a clean-up before any showings or open houses to make sure your home puts its best foot forward.

If you’re ready to put your home on the market contact The Sandi Pressley Team today.

Have An Awesome Week!

Sandi's Hot Home Listing

8619 Vintner Court, Albuquerque

Price: $840,000 Beds: 5 Baths: 5 Square Feet: 4,327

Exquisitely Appointed Custom Home! Nestled on culdesac in North ABQ Acres this custom dream home offers Elegance, Luxury & VIEWS! With over 4300 SF,the open floorplan incl casita; Showcases EVERY UPGRADE you would desire-finest quality craftsmanship,EXQUISITE wood accents.5BD/5BTHS/3 Car Garage.

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

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Selling a Home

The 3 Factors Buyers Look For In a Home

Monday, August 1, 2016

by Sandi Pressley

While you might think buyers pick homes by how well the home is staged or the quality of the additions you’ve just made, this isn’t actually the case. While these things will go a long way towards getting a buyer interested in your home, they aren’t the main factors. The main factors that draw buyers to a home are price, location, and condition.

Price

Choosing the right listing price for your home can be tricky, you’ll need to know if your neighborhood is in your in a buyers or seller’s market. A buyer’s market is distinguished by the large inventories of six or more month’s worth of supply. Fewer buyers are making offers and any offers that are being made are low and the buyers will usually ask for more concessions from the sellers. In a seller’s market there is a low supply of six or less months. Buyer traffic gets heavier and sellers are more likely to get multiple offers and close closer to the full price.

Buyer’s agents, buyers and bankers all have access to the same market information that you and your agent have. If your price your home too high potential buyers who would be interested in your home won’t see it at all and if they do end up seeing it it’s unlikely they’ll get their loans approved.

Location

While you can’t do much about the location of your home, you can make sure your home looks its best inside and out. Spruce up your landscaping and put up fencing to block out any unpleasant views that might diminish the value of your home and remember to drop the price for any problems that can’t be solved.

If your home is in a good location, try not to overprice your home. People will expect to pay more for a great location near shopping, restaurants, schools and transportation but if you overprice you’ll drive some buyers away.

Condition

Putting your home onto the market in the best possible condition will help your agent place your home onto the market in the best possible light. While the pet peeves of individual buyers are easy to fix, having your home in good condition as it comes onto the market will keep it in the minds of any potential buyers who come to see it. You wouldn’t want to lose buyer interest because you didn’t mow the lawn or repaint a wall.

Keep in mind that today’s buyers are usually more skeptical about buying a home so problems like outdated wallpaper, creaky steps and dripping faucets will just give buyers an excuse to skip over your home.

Its understandable to be sentimental about a home you’ve lived in for years, but to the buyers your home is something they are looking to buy, like you they just want a good deal on a home they love.

You’ll find out what agents and buyers think of your home pretty quickly. If you get an offer quickly, you know you’ve priced your home right for the location and condition of your home, but if you don’t get an offer within the normal time range for your area, there’s probably something wrong. Take a close look at the condition and price and see if you can adjust them to make your home a little more desirable.

If you’re ready to sell your home contact The Sandi Pressley Team today.

Have An Awesome Week!

Sandi's Hot Home Listing

6905 Tesoro Place, Albuquerque

Price: $399,000 Beds:5 Baths: 3 Square Feet: 2,909

Great neighborhood of Sonora! 5BR/3 FULL BATH/3CG! CUL-DE-SAC! New flooring and newly painted interior! Versatile floor plan with two living areas, formal dining, one bedroom/bath on the main level, spacious kitchen has breakfast nook! Oversized master suite features a two-way fireplace, balcony, walk-closet, separate shower and garden tub.

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

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Selling a Home

Three Projects to Increase Your Home's Appeal

Monday, May 30, 2016

by Sandi Pressley

If you’re thinking about selling your home there are some things that can be done to improve the presence of your home to draw in buyers. Your efforts could be rewarded with less market time and more money at closing. Here are three of the biggest projects you can tackle to bring in buyers.

Work on Your Curb Appeal

First impressions are extremely important. Your home should grab a buyer’s attention before they even walk in the door so it’s extremely important that your curb appeal it the best it can be. Pay attention to the details, make your home cleaner, prettier, and in better condition than all the others around it. Start by sweeping the walkway, driveway and the entry or porch of any debris or dirt. Get rid of broken tree limbs, leggy bushes and any wilted flowers, and plant new flowers in the garden or place them in pots on the porch. Power-wash the exterior of your home and have the windows washed. Touch up the paint around the home’s windows if it’s needed. Give the door a fresh coat of paint in a light modern color and replace any damaged door hardware.

Create Space

The biggest reason people move is to get more space, whether they’re moving up from an apartment or into a home larger than the one they had, they want more space to live in. If you’ve got a large home, you don’t have to worry about space too much, but you have to be careful. If you’ve got too much clutter around your home, buyers can think it’s smaller than it actually is, so make sure your home is as clean and decluttered as possible. If you have a smaller home you’ll have to do some staging and storing. Rent a storage unit and pack away any toys, home decorations, clothes and accessories that aren’t in use. Clear your countertops, tables and floors of all unnecessary clutter so that you’re left with the minimum of things necessary to operate in your home and move all items stored in closets and cabinets into your storage unit. There is a fee for the storage unit but you’ll make back the difference when your home sells.

Upgrade

Most buyers buy older houses because they are usually more affordable than newer homes. So unless you’re selling to a building contractor, chances are they want a home with the most possible updates. You may not want to put in a new kitchen or bathroom to sell your home but there are a few things you can do to appeal to the buyers. Replace the most outdated features like the appliances, countertops or the cabinet pulls. Get new towels, shower curtains and bathmats for your bathrooms and make sure you throw out all old soaps and sponges. And replace all your soaps with liquid products for easier storage. Cover older paint colors with newer neutral colors that compliment your flooring and architecture and repaint any faded white walls to give your home a newer fresher feel.

Remember that the most common house bought in 2013 was about 1,860 square feet and was built in the year 1996. Buyers aren’t looking a mansion and they don’t expect your home to be brand new, but they do want to see some pride of ownership from the seller. The more repairs, updates and tweaks you give the house the more convinced the buyers will be that they’ve picked the right home.

Have An Awesome Week!

Sandi's Hot Home Listing

1801 Irving Road, Albuquerque

Price: $1,275,000 Beds: 6 Baths: 5 Square Feet: 5,135

ONE OF A KIND PROPERTY! Exquisitely Appointed SINGLE LEVEL MULTIGENRATIONAL Custom Home! Nestled in desired Black Farms Estates, this 1.14 acre EXCLUSIVE dream home offers Elegance, Luxury & stunning Bkyrd! With over 5100SF, the open floorplan offers TWO HOMES under ONE ROOF W/FULL top-of-the-line KITCHENS/LAUNDRY ROOMS connected by an adjoining mudroom.

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

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Selling a Home