Selling Your Home

Questions Buyers Ask E-mail
Marketing Your Home
Written by ForSaleByOwner Staff   

Selling your home by owner requires preparation. You have to be prepared to show your home, prepared to negotiate an offer and prepared to answer potential buyers’ questions. Many times, house hunters' questions will be focused on three main areas: asking price, condition of the property and location of the property. Read on to ensure that there are no surprises when you are asked these questions and to gain an understanding of the motivations behind them.

Plant Now, Reap Curb Appeal Next Spring! E-mail
Staging Your Home
Written by Staff   

Now that spring is officially in swing, you can see how your home will appeal  to buyers next spring.

If you are thinking about selling but holding back, waiting for values to firm up, consider the delay a chance to fluff up your landscaping.

  • First,  walk your property.
House Sitters Give Empty Homes That Lived-In Love E-mail
Marketing Your Home
Written by mary Ellen Podmolik, Chicago Tribune   

Arnold and Mary Jo Baratz just moved into, but have no intention of buying, a sprawling 7,500-square-foot home in Wayne that includes a sweeping cherry staircase, an elevator and a two-bedroom coach house with its own kitchen.

The couple doesn't need the space. In fact, with their youngest child headed to college in the fall, they had decided to downsize from their own 6,800-square-foot home in downtown Naperville. Unable to find something to buy before that sale closes, the Baratzes are, in effect, house sitters, renting the Wayne home, a bank-owned foreclosure that is listed for almost $1.7 million, at below-market rates.

Leasing Is In Fashion Among Wealthy House Hunters E-mail
Marketing Your Home
Written by Lauren Beale, Los Angeles Times   

Real estate agents have been hustling lately but not necessarily to sell homes. Instead, leasing is in vogue, particularly at the top of the price spectrum.

If phone inquiries are an indication, interest in leasing luxury homes is intense, said Justin Mandile, an agent in the Sotheby's International Realty office in Beverly Hills.

He and partner Mary Swanson received 10 to 15 calls a day for two months on a five-bedroom house in the Sunset Strip area priced at $3.5 million for sale or $10,000 a month to rent. After initially holding out for a sale, the owner recently accepted a short-term lease.

"Surprisingly, there are that many people looking for a $10,000 lease," Mandile said.

What Is Your Appraiser Thinking? Here's What E-mail
Written by Joanne Cleaver   

How do you price a big white box?

That is what Sharon Bagby is thinking as she walks around a five-year-old house in a small subdivision at the edge of a cornfield northeast of Chicago.  The farmhouse is white inside and out: white siding, white interior walls, beige carpet, cream-colored vinyl flooring in the kitchen and bathrooms. A small brass Colonial-style chandelier hangs from the coffered dining room ceiling. The window blinds are white. It’s as generic as generic can be.

And isn’t that a selling point? After all, home magazines and television shows overflow with advice about neutral decorating.

But in the eye of a seasoned appraiser, there’s neutral decorating…and then there’s ‘builder white.’ “It’s all as the builder specified – and that’s not common,” she notes, especially in an era of upgrades and just-like-the-catalog decorating. 

Bagby has been appraising homes for two decades. When she looks at a house, she sees not a home, but a marketable commodity. Exactly how marketable is in the details that she is paid to discover.

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