Hosting your first open house in Farmington Hills is all about impressing potential buyers. Here’s how you can nail it. The words “open house” gets buyers excited like you wouldn’t believe. It’s the perfect opportunity for them to not just see the house up close and personal but also find out what others think about the house. This is the time for them to scope out the competition and see if the house is worth the price or not.
As the seller for your first open house in Farmington Hills, you need to make sure everything in the house is shape. With that said, one thing an open house presents is the opportunity to dazzle buyers. If you have a home for sale in Farmington Hills, a few simple steps can go a long way in getting the right price and selling the house quick. Let’s have a look at the five things that hosting your first Farmington Hills open house and impress potential buyers.
1. Time It Right!-Your First Open House In Farmington Hills
First things first, do not be hosting your first open house in Farmington Hills on holidays or any other national events. Chances are no one will show up. While weekends are best to host open house events they also work when planned for weekdays, only if executed the the right way.
While it is your house, trust your real estate agent to tell the buyers about the features of your house. They have been doing this for years and will be better at laying down any fears and questions to rest. From getting your house staged to communicating with buyers, inviting people to the open house and getting feedback, all is taken care of by the real estate agent. Sometimes, the presence of the homeowner makes the buyers uncomfortable in voicing their concerns. They are able to talk more openly with the real estate agent thinking that their comments might offend the homeowner.
3. Subtle Staging
Instead of renting furniture, use what you have to stage the house. Minor touch-ups like placing a flower bouquet on the dining table, a plate of cookies on the kitchen counter, an abstract painting in the hallway, a showpiece on the coffee table, etc, can add to the experience.
4. Send The Pets Away
If you have pets, then you know how smelly the house can get. Any kind of funky smell can make the buyer walking fast— straight out the door. Here’s what you can do to get rid of the smell:
- Send your pets to your neighbor’s house
- Hire a professional cleaning service for the carpet and couches
- Buy a dehumidifier and get rid of all the moisture in dank and musty areas
- Spray air freshener in every room, 30 minutes before the buyers start arriving
5. Stow Away the Valuables and Personal Belongings
Everyone wants their house to feel inviting and cozy but when hosting your first open house in Farmington Hills; you need to take down your personal belongings. Buyers like to visualize themselves living in the house and with your memories on display, they will be distracted. Moreover, there will be dozens of strangers in your house, which is why you need to store your valuables such as jewelry, checkbooks, cash and other things in a safe place.
6. Let Natural Light In
Always host your first open house in Farmington Hills early afternoon , when the sun is bright in the sky. Natural light will lend the house a warm glow, which will tug on the heart strings of the buyers. Make sure the curtains don’t squeak when opened and closed because you never know if the buyer will try to move or open them.
7. Highlight the Home’s Best Feature
Is it the deck in the backyard? Your garden with the built-on BBQ setting? The porch? For example, you can place some garden furniture in the yard and present it as a family setting for Sunday brunches and dinners.
8. Serve Refreshments
As soon as the buyer enters the house, greet them personally and then offer them a cup of coffee and cookies by directing them to the kitchen. A warm or a cold beverage and a sweet treat goes a long in getting the conversation started.
So, now you know why it is so important to make sure that your first open house in Farmington Hills goes smoothly. Those buyers who will be impressed will definitely call for a negotiation on your home for sale in Farmington Hills and that’s a great start.
Have you been searching for your dream house for long? Did you find one but the negotiations did not go your way? Your house search is contingent on negotiations… it can either make or break the deal. Of course, your real estate agent will be by your side guiding you throughout the process but at the end, you have to take the final decision.
Often people let go of a great deal on a home for sale in Farmington Hills, Michigan thinking that the price is too high. Until you have looked at the comps and have had a house inspection, do not make any rash decisions. Yes, the negotiating phase is nail-biting because you never know what kind of counteroffer the seller will come up with but you have to keep an open mind, so that the opportunity in front of you does not slip through your hands.
Following are six mistakes that you should know before approaching a seller:
Price Is the Only Thing You Should Focus On
So, you finally found a house that is $10k below your budget. While the price of the house is low but you are forgetting to factor in the cost of repairs and maintenance. Then there’s the landscaping, repainting and most important of all, the roof. Add all these costs to your monthly mortgage payments and the number will reach an astronomical level.
Don’t just look at the sticker price! You might get lucky if the seller is in a hurry to sell the house, which means an even lower price but still, make sure that you look at every feature of the house.
Unwilling To Negotiate on Small Repairs
Say the house has a deck and some of the floorboards are rotten. Instead of focusing on the plus point that it has a “deck”, getting stuck on its repair is not a good argument. You are saving thousands of dollars on the house and the repair will cost you top $100. So, keep an open mind when it comes to small repairs.
Waving Formalities in Negotiations
The home for sale in Farmington Hills, Michigan you just visited is the “one” you have been looking for. Fearing that another buyer might place an offer anytime now, you waive few of the formalities such as a house inspection. Bad move! You don’t know if the basement has termites or the plumbing is faulty. Such repairs can cost you thousands of dollars, which will blow out your budget and your savings account.
Getting Stuck on Your Offer Price
Say the house costs $200,000 and you come up with a counteroffer of $198,000. The seller doesn’t like your offer and won’t budge from his asking price. Are you going to walk away from the deal? You shouldn’t. Say if you have paid 20% down payment and are on a 4% interest rate loan, then the monthly payments will rise by just $8. In the bigger picture, it’s a small amount.
Backing Out of the Deal after the Inspection Revealed a Few Repairs
Are the repairs so big that you feel they will cause a problem in the future? If not, then sit down with the seller and have chat on how to deal with the repairs and negotiations.
Offering a Low Ball Offer
A low ball offer usually feels like an insult to the seller. So, do your homework and ask your real estate agent for comps. Only then come with a price for the negotiations.
Remember, when the time comes to make an offer, look past the small stuff and focus on what matters such as the foundation of the house. If you want to buy a home for sale in Farmington Hills, Michigan that falls under your budget, then visit Homes2MoveYou. Get in touch with me directly at 248-790-5594
Buying a home is the biggest investment you’ll likely ever make, and it has all sorts of implications for your personal and financial future. This is why it’s so important to work with the right agent and not the wrong agent.
Too many people don’t realize just how much can go wrong if they make the wrong hire. There are some very serious problems that can arise if you accidentally work with the wrong person to buy or sell a home. Here are some of them:
1. The wrong agent is not listening
A professional real estate agent (or any other professional for that matter) will take the time to listen and understand their client and the client’s needs. The wrong one, however, isn’t going to listen to what you have to say, and will instead focus on what they want for themselves.
This will set the precedent for the rest of the process and make any real estate transaction a miserable experience. An agent who doesn’t take the time to know your wants and needs will cause you stress, confusion and heartache.
2. Bad advice
If there’s one thing you need a competent agent for, it’s the advice they’re able to provide. A good agent will serve as your trusted advisor, guiding you through the myriad of decisions you’ll make when buying or selling a home.
A bad agent, however, will either give you advice that’s not based on any experience or research, or is just plain self-serving. This can cost you financially or prevent you from accomplishing your goals altogether.
3. Failed negotiations
Lots of people consider themselves good negotiators, but very few actually are. While negotiating might be just one part of real estate, it’s an important one. You need someone on your side who’s working in your best interests in a competent and effective way.
A bad agent will either negotiate in such a way that attainable deals fall through, or will simply negotiate in their own best-interests rather than the interest of their clients (you).
4. Lack of responsiveness
This may or may not be one of your pet-peeves, but unresponsiveness in something as complex as a real estate transaction can be an absolute nightmare for the person whose money, home, and future are on the line.
A great agent and is available most any time you need them (within reason). The wrong one, however, will let your calls, messages, and emails go unanswered while you worry yourself sick about what’s happening (or not happening).
5. Missed opportunities
Real estate is a business that moves quickly, especially when the market is hot. Even when there’s high demand, there are still opportunities for buyers, and a good agent will know how to spot them and take advantage quickly.
The wrong agent will miss good opportunities because they’re unable to recognize them, will move too slowly and miss them, or just generally not care.
6. Legal pitfalls
Real estate is complex by nature, and legal questions arise on a frequent basis. Thankfully, good agents have the knowledge and resourcefulness to help you navigate them and can find solutions even if they’re not immediately apparent.
Hiring the wrong agent will mean that when the inevitable problems creep up during the transaction, they’ll either give you the wrong advice on what to do, or will simply look at you and shrug their shoulders.
7. The process won’t be enjoyable
There’s no rule that says a real estate transaction has to unpleasant. Yes, it’s a lengthy process that has lots of implications. But if you take a step back and think about it, buying or selling a home is usually a positive thing—whether it’s an upgrade, a money-saving downgrade, or a general lifestyle change. You should work with someone who can at least make it a pleasant experience.
And that’s the thing about hiring the wrong agent. They’re all but guaranteed to make the process one that you won’t enjoy.
So choose your next real estate agent wisely; your happiness—and the height of your high five when it’s over—will likely depend on it.