It’s Because Of The Price
Are you getting frustrated that your home hasn’t already sold? Has it been sitting on the market with little to no showings, while houses nearby are going under contract almost
immediately? We’re here to tell you, the solution is simple: lower the price! I know, I know, you probably already heard this from your agent and thought that it was worth the price
you wanted. But the truth of the matter is, the market is hot. It’s at the hottest point it has been in a long time, and if your home isn’t selling in today’s market, and your agent is
working their butt off to market it, then the price is too high.
Who doesn’t want to sell what they own, and cherish, for the most they can get? And your agent wants to sell your home for top dollar as well! But if you still haven’t received an offer
in such a strong seller’s market, it’s time to sit down with your agent, reevaluate your motivation to sell, and talk about a new price. Do you have goals when it comes to moving? A new
house, a new state? That’s awesome! So if you want to move forward with your life, cut out the stress of slowing down your sale, and make the best decision to ensure your home can get
under contract. And keep in mind, there is a highly likely chance, that by pricing lower than market value, you can anticipate a bidding frenzy that can get you even more than you
anticipated.Supply and demand, it works wonders when you let your agent play the numbers to get buyers in a frenzy for your home. Drop it down to what your trusted agent recommends, and
you’ll be putting your best foot forward in your market.
Ready to make a move? Have a certain figure in mind that you need to sell for? Depending on your market, you might be able to get a little more than what you may be needing. Go over with your agent if setting a bidding war is smart for the sale of your home, and if they give the green light, here are a few things to consider to help get your sales price over asking after starting a bidding competition.
1. ATTRACT MORE BUYERS
When there isn’t much interest in a property, buyer’s get nervous and suspicious that there may be something wrong with the home that they may be missing, and that could sometimes be further from the truth. You want to price your home competitively to entice more showings. When you price your home right under the market standard, it leads to more showings, more appointments, and more excitement around your home.
2. PRICE IT TO MOVE IT
You want to make sure your price gets buyers interested in your property. Even if they end up paying more than asking, the excitement from feeling like they are getting a deal and landing your home sets the right mood for buyers to WANT your property. Always price the home in a way that is going to appeal to a large audience. Pricing a home at $399,900 can generally generate more foot traffic than one listed at $400,000. Advertising a home for sale that is listed for slightly under the market value can garner a lot of interest, which can lead to the home selling for more than what the seller originally wanted.
3. START UP THE BUZZ
Make sure you work with an agent that has the ability to start up a coming soon buzz around your home. You want to let the market know that your home is going to be coming soon, and start up conversation and interest. This gives time for word about your home to spread to get more foot traffic and competition on your house.
4. STAGING IS KEY
It’s without question that to get over market value for your home, it has to be in tip-top condition. Discuss with your agent the importance of having your home professionally cleaned and stage to attract more buyers. Starting up a buzz won’t lead to much if buyers walk into your home and turned off by odors, unappealing lighting, or rooms that are not properly staged. You want to allow buyers and opportunity to see your home in the best light the first time they walk through your door.
5. CREATE A DEADLINE
Have your agent set a deadline for offers, say a Monday or Tuesday, right after a weekend of doing open houses. This can generate a sense of urgency around your home, letting buyers think there is a large amount of interest and to get offers in quickly. Setting them up with this state of urgency generally makes them want to put their best foot forward with their first offer.
6. SWEETEN THE DEAL
To generate a little more excitement and foot traffic, you can offer an incentive for whomever purchases the home. Some people have given away cars, tickets to a major event – like the Super Bowl, given away vacation tickets, etc. Doing an out-of-the-box giveaway helps to generate organic buzz around your home. Some giveaways have even landed seller’s homes in the local news. More buzz means more potential buyers, which means a potential opportunity for a bidding war to get you a better sales price.
If you take the time to dig into the philosophy around feng shui, you’ll understand that it doesn’t come off as esoteric as one my think. It’s based around the simple practices to make a home feel healthier and a lot more organized. It also helps you to connect to your home, in a way that can affect your mood and well being. Feng shui is as common as “spring-cleaning,” or decorating to make a home feel much more comfortable.
This ancient Chinese tradition can be incorporated into your own home. It can be done in a modern holistic approach, while still honoring the age-old traditions that come with feng shui. It’s not about transforming the structure of your home, but instead making it to evolve into a space that refreshes your home – and in turn your health. The following feng shui tips will do a little more than just bring some harmony into your home, they can potentially increase the value of your home’s selling price.
Let’s get into to the best feng shui decorating tips for your house below!
1. Slow Down Your Home’s Energy Flow:
The the back door and the front door have a direct line of sight, that means the energy in the home, or the chi, will flow through the home too fast. Instead of it going straight out of the back door, you want it to undulate throughout the whole home in a graceful and even manner. The best way to slow down this flow is to place a patteren rug on the floor in front of the front door, add artwork on the walls, or add a round entry table to the foyer space.
2. De-Clutter Your House:
Decluttering your home may seem like an obvious enough solution, we can all be guilty of letting our content accumulate in our home, that may not have a specific function. Clutter is more than just unappealing visually, it’s an anchor for the energy in a home. An excessive amount of clutter can stop you from having clarity of thought, and even weigh you down emotionally. Feng shui isn’t focused on having a perfectly styled home, but instead, provide a happier and healthier environment. Be sure to have the correction organization throughout your home. From paying bills, to recycling content, and even something as simple as a designated spot for your keys. It’ll help you feel less frazzled and feel more efficient in your day to day routine.
3. Front Door Path Must Be Kept Clear:
The front door in a home is an important factor to feng shui. It’s the main portal through which the energy from outside will enter into your home. You want to make sure the energy flows uninterrupted through the front door, without “metaphorically” running into a wall. Keep your front door area free of clutter and consider installing a mirror near the front door. This can hold the meaning that you are expanding the energy in the space, which in turn expands the opportunities within your life – and prevents you from feeling limited.
4. Balancing The Five Elements
Whether present physically, or symbolically, the five elements you can find in a home are earth, fire, wood, metal, and water. The fire element can be brought into a home with warmer tones, or physically through a fireplace and burning candle. You want to ensure there is a balance between all of the elements. People can easily be drawn to an element that can cause an imbalance in their life. For example, if a person were to find themselves rather aggressive, they’d want to avoid a large amount of fire elements – such as a bright red wall. If a person is lacking motivation in their life, it’d best suit them to add more fire elements. Look at the elements within your home in a symbolic manner, and see what you need to change to create a more balanced emotional life.
5. Remove Any Negative Symbolism:
From books to traffic signs, symbolism bombards us daily. In every day life, we are guided by the symbolism that surrounds us, which is enhanced even more so within our homes. An intimate environment represents an individual’s fears and challenges. If you have trouble finding clarity, see if you have a lot of stuff cluttered in your home. If you have low self esteem, check to see if mirrors are hung too high, which equates to you never measuring up. If you find yourself unable to get out of the single life, do you surround yourself with single decor? I.e. single vases, single chairs, single person in pictures/art. Figure out the challenges you face on a daily basis in your life and look at the symbols the content in your home hold, to understand what changes need to be made.
6. Maximize The Natural Light:
Natural light can make a person much happier and more positive. You want to enhance as much natural light in a home as possible, which can be done by placing mirrors directly across from windows to help reflect the light throughout your space.
Ready to sell your house? Here is a few staging tips to get your home prepared for the market. When listing a home that costs hundreds of thousands of dollars, if not millions, you want to make sure it’s presented in the best light. You wouldn’t buy a $50,000 car if it was filled from top to bottom in someone’s personal content and trash. This is the same mindset you need to carry into selling your home that will be worth well over a $100,000.
1. SAY BYE TO CLUTTER
The best thing you can do for your home for sale is to get rid of all of your clutter! Make a rule for your home that for every new piece that comes in, one must go. One of the biggest factors to a cluttered home is too much furniture. Generally, in a professional staging, half the home owner’s furniture is removed to make the house look much bigger. Look around your house and see what you can pack away. It’ll be worth the investment to get a storage unit for a couple of months to store away a lot of your furnishings and goods.
2. FURNITURE GROUPINGS
It’s largely misconceived that furniture pushed directly up against walls make a room look bigger, but this is far from true. Instead, you’ll want to float your furniture in reach room and away from the walls. Position your sofas and chairs into cozy conversational groupings. Be sure the furnishings are placed to make the traffic flow in a room obvious. This will make the room more user-friendly and will make it look larger.
3. TRANSFORM ROOMS
If you have a room that has only served to collect boxes or other junk, it’s important to purpose the room to something that is functional. You can make it into an extra bedroom, a small cozy nook/reading room, etc. If it’s in the basement, hide the boxes and turn it into a gaming room or family area.
4. HOME LIGHTING
Great lighting is the trick to making a staged home look warm and welcome. Most homes are improperly lit, which makes rooms look dark and dreary. There is a quick fix to this issue. Increase the wattage in your fixtures and lamps, aiming for about 100 watts per 50 square feet. Add three different types of lighting to each room: ambient (general overhead), task (under cabinets or pendants), and accent lighting (table lamps and wall accents).
5. GO NEUTRAL
The simple trick to toning down dated finishing in any space is a little bit of fresh paint. You don’t want to go stark white, but look into neutral grey and beige colors. Beige colors can also consist of warm honey like colors, soft blues and greens, and a variety of undertones that add a little life to a general neutral color. If you do want to use bold colors, be sure to only keep it on accent walls to help enhance structural features.
6. MAKE IT LOOK BIGGER
If you want to make a room bigger than it is, paint the room the same color as an adjacent room. For small kitchens and dining rooms, a seamless look will make the space feel like one, open it up, and make it seem much larger. Using drapes that match the wall colors can also add an emphasis to the room’s size.
7. USE YOUR GARDEN
Staged homes have an emphasis in fresh flowers and pricey floral arrangements. If you don’t have the money to go all out on florals, you can get this same effect by raiding your garden space. You can DIY beautiful pieces with fern fronds, magnolia clippings, and more. Use the spring and summer months to find cheerful flowers and use them in your arrangements.
8. GET A FACELIFT
So you can’t afford new cabinets? Then you can just get new doors and drawer fronts. Then paint everything to match and add new hardware to them. Instead of replacing the entire dishwasher, you may be able to get a new front panel, go for stainless steel if you can pull it off. Check with the manufacturer to see if replacements are available for your model.
9. MAKE NECESSARY REPAIRS
Unfinished home projects can really scare off potential home buyers, so you’ll want to be sure to make required repairs. Missing floorboards and large cracks in the sidewalk on the way to your door tend to be a red flag. Holes in walls and scratched up door frames can really look unattractive. These repairs cost you less to fix than buyers might deduct from the asking price.
10. CLEAN YOUR HOME
Aside from de-cluttering, the most important step to staging your home is to clean it. A dirty house is a quick turn-off for potential buyers. Most homes, especially with children and pets, and smokers, have a smell that may go undetected to home owners, but are quickly picked up by strangers. Be sure to have your home professionally cleaned prior to staging to appeal to all buyers that your home is nice and fresh.