Getting the Best House "Tags" at Selling Time

By Sharon Bender, published Jul 18, 2006
Published Content: 6  Total Views: 4,567  Favorited By: 0 CPs
Rating: 3.2 of 5
As a realtor for nine years I’ve seen every market, including the perhaps now forgotten “crash” of the 1990s. It took a lot more imagination to sell homes then. When the economic lifecycle of home sales is high on the charts, it may only take a “for sale” sign to get the job done. Now that the housing market has dipped, we are once again finding it necessary to do more. And buyers rank houses by what I refer to as “tags.” A good tag usually means a sale. A bad tag . . . well that’s something no one wants. Imagine your home being ranked by the way a buyer was impressed. You might hear a buyer identify your home as “the one with the awful smell in the basement.”

Some of my advice to my clients may have seemed bothersome, but they were designed to garner them a good tag and potentially a sale. The kinds of tips I’ve provided are now cropping up in real estate magazines. Home staging companies are using the tips realtors have provided for years. Right now those tips include sprucing things up around the house, before putting out the for sale sign.

Yes, it’s time to think “home improvement.” But that doesn’t have to mean a lot of money that you don’t have going into a home you no longer want or need. And heaven knows you need all the proceeds you can get for that next bigger and better home. Plus, more and more baby boomers are hitting the retirement scene, so retirement is high on the list for reasons to be selling a home today, and for needing all you can get out of the sale.

Getting the Best House "Tags" at Selling Time

Yes, it's time to think "home improvement." But that doesn't have to mean a lot of money that you don't have going into a home you no longer want or need.

Takeaways
  • Never put the house on the market before it is ready.
  • Most buyers cannot imagine the potential of a home. They can only see what it is.
  • Fix-up TV shows and home staging companies may not be necessary.
Did You Know?
Buyers attach tags to the homes they inspect as the means to identify (and elminate) them.
Comments
Showing Comments 1 - 2 of 2
 
 
Enjoyed your article. Even more timely now!

Posted on 05/26/2008 at 1:05:27 PM

 
Tags - interesting concept. We bought "the house with the ugly orange shag" instead of "the house with the really low ceilings" or "the house with no windows". Ugly orange shag is fixable for little money - there were oak floors under it - but the other two would have required massive infusions of cash.

Posted on 07/26/2006 at 7:07:00 AM

Type in Your Comments Below - (1000 characters left)
Your name:

Submit your own content on this or any topic. Get started »
Showing Comments 1 - 2 of 2
 
Most Commented On