Once homeowners have arrived at the decision to sell their property, most want the transaction completed as quickly as possible. Sure, you can hire the best agent in town, price your home just right, and then market the heck out of it, but having a little bit of luck on your side and a few selling superstitions never hurt either.
When it comes to getting the deal done in a timely manner, sellers and agents have been known to rely on time-tested selling superstitions. Let’s take a look at 10 that are all but guaranteed to get that “Sold” sticker slapped on your “For Sale” sign in a hurry.
Selling Superstition #1. Appeal to the senses.
Here’s a sweet sellers superstition even if you’re not the least bit hungry, there’s something inherently appetizing about walking into a home and smelling a freshly-baked treat. While some experts recommend whipping up a batch of cookies, others say bread emits a scent that’s heartier, lasts longer, and offers greater olfactory appeal to buyers. Non-bakers will be glad to hear that sprinkling cinnamon inside a stove and turning it on low even for a few minutes will do the trick. Fans of savory versus sweet swear by roasting an onion, which is said to be enough to fool would-be buyers into envisioning hosting their very own Thanksgiving feasts in that home.
Selling Superstition #2. Bury a statue of St. Joseph in the yard.
Though St. Joseph was a carpenter by trade, he’d have made a pretty great Realtor ®, some say. It’s believed that burying a statue of the saint upside down (because this way he’ll want to get out faster) seems to have a mythical ability to sell homes in record time according to some seller superstitions . Unlike costly home renovations made in the hope of a quick sale, this statue won’t blow your budget. Kits, which include an accompanying prayer, start at $6.95.
Selling Superstition #3. Don’t do the math just yet.
Apparently the old phrase, “Don’t count your chickens before they’ve hatched!” also applies to real estate and selling superstitions. Triplemint agent Phil Reynolds says, “Don’t calculate your commission unless you’re negotiating it!! I’ve heard agents say it’s bad luck to calculate your commission before the deal closes.”
selling Superstition #4. A dimmer switch is a bright idea.
Some believe putting lights in dining rooms, bedrooms, hallways, and family rooms on dimmers will attract buyers who are drawn to the control they offer but wouldn’t necessarily devote to the time or trouble to adding the feature themselves, but not completely sure of this selling superstition.
Selling Superstition #5. Skip the zeros in superstitions.
While it might be tempting to price a home at a nice even number, selling superstition dictates that you’d be much better off choosing a random figure as it lends intrigue. Just do yourself a favor, and leave unlucky “13” out of it.
Selling Superstition #6. Throw in some amenities.
Buyers often fall in love with certain features only to be turned off when they learn that the exquisite chandelier or state-of-the-art appliance they coveted is leaving with the homeowner. Consider sweetening the pot by offering up a highly-desirable item and watch the bids roll in with this selling superstition.
Selling Superstition #7. Create a warm welcome.
If the home boasts a fireplace, and weather permits, set it ablaze. A roaring fire adds warmth — literally. Creating a charming ambience will definitely distinguish one property from another in a buyer’s mind. Make sure fireplace is clean for this selling superstition as to avoid the nasty smell of burnt wood.
Selling Superstition #8. Pretty it up with fresh flowers.
Another over-looked selling superstition is when a home is showing, you want it to look as fresh and inviting as possible. Flowers go a long way toward adding color and character to any space — even a pint-sized powder room. This trick holds true for the outdoors as well. Good landscaping has been known to shorten a property’s time on the market by as much as six weeks, experts note.
Selling Superstition #9. Don your lucky outfit.
Lady’s will love this selling superstition,the right outfit can boost your confidence no doubt. Triplemint Sales Manager Joan Kagan says she owns a “lucky closings dress.” Hey, whatever works!
Selling Superstition #10. Smudge it.
Some believe a home may have a “negative energy” lurking inside, which of course, can cause it to linger on the market long after it should’ve been sold. Smudging, a Native American ritual, in which cedar and white sage are burned either together or separately. Next a prayer or intention is said requesting that only positive energy enter the space as the negative flows back out says this selling superstition. It’s said that strangers often feel these emotions more strongly than the home’s inhabitants.
“I had a buyer who found out there was a cemetery not far from their apartment and didn’t close because she didn’t want to have ‘evil spirits’ in the house ,” Triplemint agent Greg Moers recalled. “She backed out of the contract and lost her deposit, so she was really against it. In the Asian culture, along with Feng Shui, this is a very big thing. They are against evil spirits of the dead to enter the house.”
So the selling superstitions can mean tons to any potential home buyer or home seller and although some may believe, there may just be some truth to these. Lets discuss your selling superstitions and get your home sold for the most money possible!
Christmas Holiday is just around the corner and we give you the green light to go a little crazy on the decorations, if you are planning to sell your house during the holidays. The more festive you are, the higher the attention your house will get. You are probably wondering how to spruce up your house during holiday season, the busiest month of the year but the good news is, buyers hunting for a house right now will appreciate your efforts if you play your cards right. In fact, we guarantee that if you pay special attention to staging, you will be sitting in your new house before Christmas.
So, how should you tackle this holiday season sale?
Let us educate you:
Make Sure the Online Listing Is Accurate
From pictures to the summary and other major details about your home for sale in Oakland County, Michigan should be mentioned on the listing. People are very busy running errands during the holiday season and you do not want to waste their time by promising something and then showing them something else.
Take Advantage of the Holidays
So, the Christmas light are probably going to go up, right? This is the time to use every decoration piece in your attic boxes and light up your house. Make the place look cozy by paying more attention to the fireplace, guestroom and the staircase. If you are willing to spend a little extra, then light up the tree too.
Be Flexible In Booking House Tours
As mentioned earlier, this is going to be a busy, so try to accommodate as many buyers as you can for the viewings. Try to work with their schedule and make sure when they arrive, you are there to greet them at the door.
The Home Should Be Move-In Ready
Buyers will be looking towards making a quick deal, so get the home inspection out of the way early. Do not leave boxes lying around in your home for sale in Oakland County, Michigan because it might give buyers the impression that you are still in the stage of moving. This way, when the buyer will step foot in the house and you will hand them home inspection report, they will be more interested in exploring the house. To sweeten the deal, offer them incentives such as paying the closing cost and warranty for some of the big appliances.
Pay Attention to the Curb Appeal
This goes without saying that the more beautiful your house looks from the outside, the more offers you will receive. So take out those sheers and start clipping the overgrown hedges.
Do place some cookies and eggnog on the kitchen counter for people to enjoy. Even a small things such as this goes a long way in making up the buyers’ minds. Looking for a real estate agent to help you put up your home for sale in Oakland County, Michigan? Visit Homes2MoveYou now and get yourself a real estate agent for the right listing.
The Housing Confidence is at an all time high, this is great for home sellers that are looking to sell or downsize or cash in on their equity. With plenty of reasons to buy a home, but one of the main reasons is to build wealth. And if you own a home, chances are good that your wealth has gone up a few notches in the past year.
According to the most recent Home Price Index Report from CoreLogic, home prices nationwide increased by 7% from March 2017 to March 2018. According to an April 2017 article from the National Association of Realtors, the median home price in March 2017 was $236,400. This means the average homeowner has gained nearly $17,000 in wealth from their homes over the past year.
Housing Confidence Cause and Affect
The major increases in home values are due, in large part, to the national inventory shortage which is creating serious competition and driving up home prices. But this seller’s market can’t last forever, and most experts predict the increase in home values will slow in the upcoming year.
Feeling pretty confident in the housing market? You’re not alone.
Fannie Mae’s Home Purchase Sentiment Index (HPSI), which draws from their National Housing Survey data to assign a number to consumer’s home purchase sentiment, rose 3.4 points in April 2018 to 91.7—up 5 points from April 2017 and an all-time high for the survey.
The survey saw five out of six HPSI components rise in April, with an especially strong increase in people reporting that now is a good time to sell (up 6% from March). Other factors that play into consumer confidence in the housing market include the share of Americans who report not being concerned about losing their jobs (76%, an increase of 5% over March) and people reporting a significant higher household income over the previous year (18%, up 1% over March).
You’re not likely to find more confidence in the market then we’re experiencing at this moment in history. So if you’ve been thinking about making a move to buy or sell, now’s the time.
In this early spring market across the county especially here in Oakland County Michigan inventory seems to be a major issue in home sales and in the housing market in general. It seems that with the new tax law will add more income to home buyers and sellers, but as of yet shown in the housing market. It seems there is still uncertainty with home buyers and home sellers along with rising interest rates that is plaguing or areas and others. As a Realtor for the last 17 years I really haven’t experienced anything quite like what is going on in this particular spring market, but can only hope that the uncertainty will dissipate and the markets will rebound for bth home buyers and home sellers across the country.
Income Up Home Buying and Selling Concerns Same
A rising number of Americans surveyed for Fannie Mae’s monthly Home Purchase Sentiment Index say their income is higher than it was last year at this time. But has more money made them more likely to buy or sell a house? Well, according to February’s survey results, it’s hard to say. That’s because, after an increase in January, housing sentiment fell in February – with respondents expressing less confidence in a number of categories.
In fact, the number of participants who said it’s a good time to buy a house was down, as was the percentage of participants who said it was a good time to sell. But if January saw increases in housing confidence, why the drop in February? Doug Duncan, Fannie Mae’s senior vice president and chief economist, says some of the uncertainty has to do with changing economic headlines. “Volatility in consumer housing sentiment continued in February, with the new tax law beginning to impact respondents’ take-home pay and the stock market creating negative headlines due to early-month turbulence,” Duncan said. In short, people have more income and money but they’re still a bit unsure of what lies ahead for the market. More here.
Seller behavior may affect the marketability of a listing. Some typical seller mistakes listing Farmington Hills properties are more critical than others. Sellers should know the impact of their own behaviour and avoid the errors below.
Typical Seller Mistakes Listing Farmington Hills Properties
Failing to Clean Up
It can be tedious to keep a property presentable for every showing especially when you are still occupying it. Sellers must spend time cleaning prior to property viewings and open houses. Buyers will notice the mess instead of the amenities of a property, so neglecting to clean up will make your home less marketable. Furthermore, buyers assume that sellers who do not clean their property also avoid serious home maintenance. Cleaning up helps listings sell faster and for a higher price.
Inconvenient Showing Instructions
Requiring too much notice or limiting appointment times can be a bad decision. Another mistake is not making it easy to get keys for a property through a lock box. When competition is heavy, people will focus on easy showings. Complicated showing instructions result in decreased opportunities and extended listing time frames.
Being Present During Viewings
Home owners may wish to be present during appointments, but this can do more harm than good. Buyers can feel uncomfortable looking through a house under the close watch of a seller. Additionally, excessive conversation with a property owner may distract a buyer from the property itself. Buyers prefer to take time to explore a home and to talk freely with one another about their thoughts. Also, sellers and buyers talking with one another could result in misconceptions about motivation and terms.
Pricing Too High
Price affects marketing time and what it may ultimately sell for. Of the typical seller mistakes listing Farmington Hills properties, this one is most critical. It is understandable for homeowners to have an attachment to a home and to try and get the best price possible. However, overpricing is dangerous. Overpriced real estate take more time to sell than correctly priced ones. As time passes, the listing grows old and is less intriguing to buyers. Long marketing time and price reductions over time will lead the listing to sell for less. For this reason, there is really no benefit to overpricing homes. Consult with a real estate broker for an estimated market price and delay listing your home if the market value is not enough.
For Sale By Owner
Some owners attempt to sell on their own. Even though it can be done, there may be many headaches and costly mistakes along the way. Real estate agents are trained on positioning a property, being an intermediary, negotiating contracts, and protecting the interests of sellers. They also understand changes in the market. Experience will make a big difference, particularly during changing real estate markets.
Sellers Are the Key
Sellers play an important role in the marketing of real estate. The typical seller mistakes listing Farmington Hills properties above are merely the most critical mistakes. An experienced listing agent can prevent other marketing pitfalls. For additional information on this and other similar topics, contact Tom Gilliam at 248-790-5594 or [email protected]