South Orange County Blog from Bob Phillips

3 Reasons Why Setting Your Listing Price is the Most Important Aspect of the Home Sales Process

Three Reasons Why Setting Your Listing Price is the Most Important Aspect of the Home Sales ProcessHave you decided to sell your home, perhaps to make an upgrade to a newer, larger house? Whatever your reasons for selling, you’ll have a number of decisions to make as you craft your listing and begin receiving offers from buyers but few are as important as your initial selling price.

Let’s take a look at three reasons why setting your listing price is the most important factor in your home sale.

Reason #1: You Can Scare Off Potential Buyers With A High Price

You’ll receive the majority of your buyer interest in the first few days and weeks after you place your home up for sale, so it’s critical that your price isn’t set so high that it scares a number of buyers off.

While some sellers believe that it’s better to price high and let buyers submit lower offers, this can actually work against you. It’s better to have your home priced fairly from the beginning as you can always refuse offers that you deem are too low.

Reason #2: Your Price Directly Impacts How Long Your Sale Will Take

If you’re interested in seeing your home sell quickly it’s going to be in your best interest to have it priced competitively. Buyers will be shopping around for similar homes in your community and if there are other listings with lower prices on the market you may find it takes you a while to get your home sold.

Also, if you do find a buyer who is interested they’ll likely try to haggle with you, which can extend the length of the sale by a week or more as you go back and forth to reach an agreement.

Reason #3: A Low Price Means Leaving Money On The Table

While pricing too high can cause issues with your sale, pricing your home too low isn’t going to benefit you either. While you’ll likely find that you receive a high number of offers very quickly, you’ll end up leaving some of your home equity on the table – equity that you could easily have realized as buyers would have been willing to pay the difference. That’s a good reason for choosing a Realtor with an excellent track record of obtaining top dollar sales prices on his or her listings, in the shortest amount of time possible.

In these parts – South Orange County, in Southern California, such a Realtor is Bob Phillips, of Realty One Group. Call Bob today at (949) 887-5305, or email to BobPhillipsRE@gmail.com.

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7 Tips To Make Your Living Room More Appealing To Home Buyers

Posted in Home Selling, Home Selling Tips, Home Values, Real estate, Real Estate Tips by southorangecounty on May 15, 2013

7 Tips To Make Your Living Room More AppealingEveryone knows that first impressions are important. By carefully staging your home, you can positively influence the feelings your potential buyers have when they are viewing the property.

Staging is the art of decorating and arranging the spaces within your house to make it more appealing to buyers. If you can adapt the rooms to create an attractive and welcoming zone that home buyers can see themselves in, they will be more likely to buy your property.

One of the most important rooms to stage is the living room, because it is such a central part of the house. This is where a lot of the social activity occurs, so it should appear comfortable and welcoming.

Here are some tips to keep in mind when staging your living room before the next showing of your home:

  • Clear out the clutter. The most important step is to de-clutter, because a mess will turn off potential buyers. Clear away any papers, toys and other items to make your living room as clean and minimalist as possible.
  • Go zen. The main purpose of a living room is for relaxation, so make the space look as comfortable as possible. Try a soft throw on the sofa, plush cushions and a big chair that is just begging you to come curl up with a book.
  • Strategically place furniture. Arrange the living room furniture to create areas of conversation, such as two sofas facing each other with a low coffee table in the middle.
  • Depersonalize. Remove your personal items. If you have too many family photos and personal effects in the room, it can make it difficult for your potential buyers to imagine their own family living there.
  • Remove the bulk. If your living room feels small, you can remove some of the furniture to give it the illusion of being bigger.
  • Channel your green thumb. You might want to consider bringing in some plants to make the space feel fresh.
  • Brighten it up. If your living room has dark corners, invest in upright lamps that will help illuminate the space and provide an aura of intimacy.

With these seven tips, the living room in your South Orange County home will be much more appealing to potential buyers.

For more ideas on how to get the highest price possible in the shortest period of time, shoot me an email or give me a call. I’m ready to go to work for you.

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How To Paint Your Home’s Exterior Walls

Posted in Around The Home by southorangecounty on January 30, 2013

Paint your home's exterior to improve its curb appealWhen preparing to sell a home, few things improve its curb appeal more than a fresh coat of exterior paint.  

Many people are intimidated by the thought of painting their home’s exterior, and choose to hire a third-party to handle the work. But, you can do it yourself, with these easy steps.

First, before starting, you’ll want to inspect your home. Examine all walls, look under the eaves, and pay attention to door frames and windows.  Be on the lookout for peeling paint, mildew and rough surfaces and make a note of them.

Next, gather the tools you’ll need to do the job. These include :

  • A power washer
  • A 2-3” inch putty knife
  • A 2-3” inch pull scraper
  • A wire brush
  • A sander
  • Chlorine bleach

Then, to create a clean surface on which to paint, power-wash the walls with plain water. Detergents are not needed, and may not work as well as plain water, anyway.

Follow-up your wash with the putty knife and wire brush to remove the remaining paint. Note where paint has peeled, blistered or wrinkled. Avoid gouging the surface by holding the putty knife perpendicular to the wall, and by using moderate force.

For areas that won’t easily clean, use your pull scraper. It’s used the same way as the putty knife, but it has a sharp blade attached that quickly works through old paint.

Next, sand your home’s exterior smooth using a piece of sandpaper wrapped around a sanding block. An electric sander may be more effective for large areas; it’ll save you time and energy.

If during the cleaning process, you find mildew, be sure to remove it. A simple mix of chlorine bleach will do the job. Mildew will show through the new coat(s) of paint, so be sure to be rid of it before beginning.

Lastly, with your home cleaned and primed for paint, wait for “good painting weather” and get started. Soon you’ll be ready to list your South Orange County home for sale.

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