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Monday, August 27, 2012

Don’t make these mistakes when selling your Albuquerque home!

As a real estate agent who has professionally photographed 100’s of homes in the Albuquerque area, there are a few common mistakes that I frequently see that you don’t want to make when listing your home.
 
1. Arriving at the list price based on what you need to get rather than what the market analysis suggests.  Let’s face it.  Nobody is going to overpay for a home in this emerging market. Appraisers work for the banks now. Banks don’t want to loan more on a home than what they can sell it for. It doesn’t matter how upside down you are because the deal will crash before it closes when the appraiser goes out. So price it to sell from the start.
 
2. NOT staging for the sale. NOBODY wants to take down family pictures or magnets from the fridge. Most folks may become insulted when you ask them to hide their personal articles, unclutter or “thin out” their items. The only way you can sell a house is to leave space on the walls and the floor for other peoples dreams and ideas. Fill up your garage, a POD or storage container and sell your home quicker. Also, always hire a professional photographer who specializes in real estate.
 
3. Fixing everything that you think may be wrong with the house. This may seem like a great idea, but can backfire. An example is the homeowner that spends 10,000 putting in new carpet and replacing the evaporative cooler only to have a buyer that wants to convert to refrigerated air and hardwood floors. Maybe instead offer a generous flooring allowance. Most homeowners never see their investment back from large remodeling jobs. So find the top 5 or 6 items that are a turn off to your home and design a plan to address them (in as generic a way as possible).
 
So now that you know a little bit more about mistakes not to make, let me show what I can do for your next real estate home sale or purchase!  Albuquerque real estate is a passion! Just let me know how I can help.
Contact: 505-980-7788
 EMAIL JIM
Jim Gross -- Keller Williams Realty, Albuquerque NM
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