|
|
|
In Home Selling Sweepstakes, Help Your House Win by a Nose - 2008-05-18 |
This is a tough time to sell a house. There are more homes on the market than there are buyers who are willing to buy them. And it's become more difficult for first time buyers to qualify for the loan they need. Not only that, most loan programs are now requiring a larger down payment, and appraisers are having to look ever more closely at each transaction to confirm fair market values.
If you have a house to sell, all of the above factors are working against you. And so it makes sense to do everything you can to put your home's best foot forward when you show it.
I was reminded recently of that fact when I visited the home of a friend and was greeted at the door with the pungent aroma of the cat's litter box. I don't know if the box hadn't been cleaned recently or if this cat was particularly odoriferous, but the smell was fairly strong throughout the house, and I found myself wanting to get outside as soon as possible.
Pet odors are a problem in many homes. And the issue is made worse by the fact that, in many cases, the pet owner is not aware of the problem.
It's called olfactory fatigue, and it occurs when you are surrounded by an odor as a natural part of your environment for a long time. Your nose simply ignores the smell and considers it part of your environment.
So if you suspect you may have an odor problem, you may need to ask a close friend to give your house the "sniff test."
There are many potentially disagreeable odors that may exist in your home. And if they do, they can torpedo your potential sale.
Put yourself in the place of a buyer. You have found two homes that you like equally well. You are just as happy with one as the other. But one has a persistent off-putting aroma, and you'd rather not bring it up with the owners. Maybe it's just easier to buy the other house.
Here are some areas that you might want to explore in your own home to see if there are inappropriate odors present:
* Pet smell: this can come from a pet soiling your carpets repeatedly and ruining them, or it may be nothing more than stale bedding. Whatever the case, it must be resolved if you hope to get fair market value for your home.
I once marketed a home for a seller who refused to acknowledge a serious cat odor in the wall-to-wall carpeting in a specific area in the den. It was worst when the weather was rainy. We ended up getting a relatively low offer that requested a cash allowance for replacement of all carpeting in the house.
It would have been much less expensive to replace the carpet in the den and resolve the issue, but my sellers claimed they could never smell the problem.
By the way, I know there are enzyme products on the market that claim to eliminate these odors, but I have not had success with them in my properties.
* Diaper pails and laundry hampers: please listen to this advice: there are two places in the house that must smell "clorox clean," and they are the kitchen and the bath.
If a prospective buyer walks into a bathroom and is greeted by a whiff of dirty diaper, you can pretty much kiss that sale good-bye. There is absolutely nothing, in my experience, that will turn off a buyer faster than soiled diapers. And dirty clothes comes in second place.
Instead, the bathroom needs to be "fresh and bright" with an odor of
springtime in the air. I'm not sure how you achieve that other than lots of cleanser and lots of elbow grease, but it is almost a requirement in this selling market.
* Damp, moldy, mildewy smells tend to emanate from parts of your house which never see the sun and aren't well ventilated. The basement and crawl space spring to mind.
Here the solution is simple. Have a timed exhaust fan installed in either a window or a foundation vent. In addition, if you have exposed dirt in your crawl space area, cover that with polyethylene sheeting from the hardware store. It's inexpensive and stops moisture from evaporating out of our Georgia clay into your basement.
By the way, because we have so much granite in our soil, Georgia homes tend to have relatively high levels of radon. One of the best ways of solving a radon problem is simply to ventilate the area on a regular basis.
* Kitchens: While kitchens usually don't have problem odors, this an area where you can score a plus on the smell-o-meter.
I always recommend that you require appointments to see the interior of your home. And since you know when a prospective buyer will be dropping by, you have time to bake bread. That's right, fresh bread!
Go to the store and buy a couple loaves of frozen bread dough, put it in a pan, and follow the directions. The aroma is almost enough to drive a buyer into a purchasing frenzy. By the way, chocolate chip cookies work almost as well as bread.
Always remember: the nose knows!
ajc2008-05-18.wpd
|
|
Upcoming Events
John Adams Presents
REAL ESTATE ACADEMY
with John Adams
Saturday, May 19th
This ONE DAY INTENSIVE is designed to bring the REALTOR or INVESTOR to the next level in today's GUERILLA INVESTOR techniques, from finding & evaluating BANK OWNED HOMES to FINANCING & REHAB techniques. Includes using ROTH IRA and RETIREMENT FUNDS to invest in Real Estate, Income Tax and Property Tax Reduction strategies, Landlording methods for maximum cash flow, Exit & Retirement planning, and Pre-emptive Disruptive Appraisal Methods. In addition, a bonus session on GOOGLE TOOLS for Investors has been added to this class to allow you take full advantage of the power of the Internet to your profit system.
For more details and to REGISTER, Click HERE
The Foreclosure Tour of Homes
Saturday, May 26th
Starting at 9:30am, a small group of investors and buyers will have the experience of a lifetime. First, we have an in-class learning session where we learn about today's market.
You will see abandoned dumps and finished products, and everything in between.
And Snap will be there to answer all your questions and explain the rehab and rental strategies.
For more details and to REGISTER, Click HERE
|