5 Tips Your Realtor May Not Tell You About Selling a Home
Remember when you were little and had your first tooth pulled? Probably your mom or dad told you that the dentist would make it painless with Novocain. Then you saw the unexpected needle coming and discovered novo-pain.
Daily life is full of surprises that arise because someone fails to tell us something. Thunderbolts of bewilderment may even strike when you are in the process of selling your home, because your realtor fails to share the following tips.
Ask for a Short Contract
One reason why people say “locked in” when forming a contract with a realtor is because it can feel like you are serving time if the relationship sours. This may happen, for example, if your property stays on the market so long you must lower the sale price.
You may begin to doubt whether the realtor priced your property correctly or is doing enough to market it.
Consequently, when your realtor suggests a contract of six months or longer, be brave. Ask for something shorter, such as a standard minimum of 90 days. In tight markets favoring sellers, you may want to ask for even less.
Help Write Your Listing
You know your home and neighborhood best. You may also know how to write better than your realtor. So, offer to help compose or proofread the real estate listing for your home’s sale. This probably isn’t something your realtor would emphasize, but you can put the extra touches on it that your realtor just may not be able to.
Expect Unexpected Costs
No realtor can predict all the costs that will arise when selling your home, such as a bathtub refinishing job that leads to a subcontractor’s pitch for a far more expensive bathroom remodel or any of the hundreds of things that could come up in a home inspection.
Work together with your realtor to estimate how much you can afford to spend on these unexpected costs prior to listing. The budget will depend on a break-even calculation. Beware of anyone who suggests you can break even based on a sale price that meets your equity. To avoid being in the red, the sale price also should cover home improvement expenditures and myriad closing costs.
Invest in Stone Veneer Versus a Bathroom
Now to get back to the bathroom makeover: It’s true that buyers are attracted to homes with new bathrooms. Yet that improvement may not provide the greatest value versus investment.
It’s your wallet, so pay attention to payback. One valuable tool is Remodel magazine’s annual Cost Vs Value Report, which provides statistics about what you can expect to gain financially from investment in a wide range of remodeling projects.
The report divides the nation into regions. Illinois is part of the East North Central Region where payback for a bathroom remodel this year is 57% of cost. In contrast, the addition of stone siding returns 79%. 79%!!!! That’s pretty awesome. We’re a little biased, but we think you should consider updating your fireplace or your home exterior over your bathroom.
Stone veneer exterior siding options are lighter weight than full stone construction yet provide the same distinguished look. Mom was right — first impressions matter.
Don’t Nap Before a Showing
One thing nobody ever tells you is how intensely exhausting it can be to sell a home, which must shine for showing at all times.
Aside from tiring of 24/7 cleaning, you may feel overwhelmed by constantly packing up all evidence of habitation, including your cranky toddler and pets.
Your realtor probably never warned you it is a big, big mistake to set your alarm clock and lay down for a quick catnap even two hours before a showing. You may wake up to strangers who discover you, the baby and Fido snoozing on the couch. No sale!
Think About Staying Put
Once your stone exterior is in place and you’ve further indulged in the kind of equally distinguished stone fireplace renovation Chicago homes deserve, you may want to drop the idea of selling and take a nap without interruptions.
In all seriousness, selling a home can be very stressful. Making sure you’ve taken the time to do your homework, and have an open line of communication with your realtor can really benefit you in the long term. If you’re in the process of getting your home ready to sell, and are looking at making some quick updates that will increase your home’s value, consider adding stone veneer to your home’s exterior or updating your fireplace. That 79% return on updating your siding with stone veneer can really pay off.
If you need an estimate for your stone siding, we’re here for you! Give us a call or send us a message here. And did we mention we’re fast? We can update a fireplace in as little as 2 days! If you’re in a hurry to sell, and still want to make some quick updates to your home’s siding or fireplace, we can work with you to get it done quickly- and beautifully. Our stone helps homes sell!