Friday, November 14, 2008

How to Bring Out Home's WOW Factor

Home prices have fallen and many homeowners are mortgaged to the hilt. This makes it difficult for some sellers to justify spending a penny to get their home ready for the market. However, when buyers have a choice, they pick the best. They want a home at a good price, in a good location, and one that they can move right into without having to do any work.

If you're a seller who's selling in a market where there is competition from distressed sale foreclosures or from other sellers who offering their homes in top condition you will be at a disadvantage if you don't fix up your home before selling. It will take longer for you to sell and you could sell for a lot less than if you had invested time and money in properly preparing your home for sale.

There is a lot you could do to get your home ready that doesn't cost much money- it takes time and hard work. For instance, most people have too many personal possessions in their homes, particularly if they have lived there for years. Decluttering benefits you in a couple of ways. You won't pay to move things you no longer need or want. More importantly, buyers will be better able to see what your home has to offer instead of focusing on your things.

HOUSE HUNTING TIP: It's worthwhile to consider hiring a home staging decorator. Some sellers need only a consultation of one to two hours. Ask the stager what you should keep and what should be moved out before you start showing the house. Also, get recommendations for furniture and artwork arrangement. The way you live in your house is not necessarily the best way to show it off to prospective buyers.

Today's buyers have alot to think about when they buy a home. Are they buying at the right price and time? Will the house work for the long term? Can they qualify for and afford the financing they need? It helps the process along if you can create an ambiance that enables a buyer to fall in love on the first visit.

THE CLOSING: You need to create the WOW factor so that when buyers walk in they say, "I better act quickly. This house won't be on the market for long".

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