How to get less for your home, and keep your home on the market longer – Michigan home selling tips
There are many ways to hinder the sale of you home. This is a quick article on “How to get less for your home, and keep your home on the market longer”. It is an opposite example of how to get your home sold for more money and how to sell your home quicker.
Here are the things to do if you want less for your home.
1.) Forget about the smells. If you smoke in the house keep smoking. Michigan home buyers do not like houses that smell like smoke. Do not repaint to cover up the smell. Do not do a good washing and cleaning of the house. After all you want to keep the smell that drives buyers out. Do not have the carpets washed. In fact right before a showing you should light a couple up right inside the front door to really let the buyers know this is a smoking house.
If you have a cat do not worry about the urine smell or the dirty litter box. Cleaning it once every two weeks will make it just about right enough to keep that noisy buyer out of the kitty litter box room. It is the same with Fido’s favorite bed. Your dog loves his bed or sleeping on your comforter. I know it doesn’t matter to you that he is sometimes a little wet when he lays down. That nice aroma of wet dog lingering in your master bedroom will give the buyers something to talk about. You don’t want to take the time out of your day to take that big bulky comforter to the laundry mat. Whether the cat or the dog has had an accident or sprayed on the walls doesn’t matter either. Shout out that you are an animal lover and the smell shouldn’t bother the buyer if they really want to buy your home. What’s a little smell from our furry friends.
Yes, you had a leak a few years back, and now you have that musty, mildew smell in the basement. Don’t worry about it. Nobody will notice. The buyer will just think something is wrong in your basement and that the leak is still going on. That really won’t deter them from buying your home. Unknowns and unknown costs to the buyer are a blessing to you….you will get to live in your home longer.
2.)
Forget about de-cluttering the extra bedroom that has become a junk room. The buyer can stick their head into the room and realize how big it is. There is no sense starting to pack or clean up before the house is really sold. Sure the buyer has to snake their way through the living room and dining room because there is so much furniture. It’s like a one way street and two people shouldn’t be getting up at the same time and walking around. You have your favorite chair, you wife does too, then the dog has the couch, plus grandma’s dresser is in there because there was no place else to put it. The TV is on top of an old entertainment stand from the 1980’s. Having all the furniture all the way around the room covers up the marks on the walls. The buyer doesn’t need to walk around everywhere. They can see how big the room is from the measurement on the listing ticket. It really doesn’t matter that they think the room is smaller. Nor does it matter that they think you do not take care of your house because of the clutter you have around.
3.) Absolutely do not paint or remove that old wallpaper . The marks on the doorway of how big at what age Ralphie was is fine. So are the marks from the basketball that Ralphie used to bounce off the wall. Little Angela went thru her Goth phase so the room painted Black and dark purple remind you of those times. Keep the memories and let the buyer know that they are going to have to repaint. The buyers are just adding up all the costs in their head and then thinking about the hidden problems and costs. Your wife’s favorite pink flowered wall paper is still up in your bedroom from the 1980’s. It was too much to take down 10 years ago….it won’t be a problem for the buyer to do it. The buyer just walked thru your house thought of the smell in the basement, the couple of windows with broken seals, having to repaint, and take down wallpaper. This buyer just crossed your home off the list. For you it was just a couple of items that the buyers could take care of, but to the buyer your home became a fixer upper or needed a lot of money to fix. The estimate of the buyer’s repairs are always going to cost more than what you could have done it for.
4.)
Do not replace flooring, or fix the flooring. That lovely linoleum that has the burn mark from the pan you dropped is just fine. Put a little duct tape over it like this guy did to keep the tile down. The buyer can put a rug over it like you do. There is no sense in buying peel and stick tiles and wasting a day doing it when the buyer can do it themselves. Getting the carpet shampooed or replacing worn carpeting is too much work too. It’s only a few hundred dollars to get the carpet cleaned… the buyer can do it. And of course you do not to replace the carpet where Fido has urine stains or where Aunt Marge dropped the whole bottle of red wine. There is no sense doing that. It is fine you have lived with it that way for 10 years now.
The buyer is going to want to pick the color and is going to change it anyway. That’s one line you can use for many of these repairs and updates. Why paint, the buyer is going to do it anyway. Why put in new tile in the kitchen over the linoleum, the buyer will want to pick the color. You can get out of all this work by using that line. Sure you may lose 40 or 50% of the buyers but sooner or later the right buyer will come along. It just may be a lower offer than you expected. But by then it will be too late. Your home will be on the market for over a month. You will be getting tired of showing it. You will be mad at the real estate agent because it is their lack of marketing that is hindering the sale. The condition of your home doesn’t matter to you, but it does matter to the buyer.
Yes, I am not recommending that you do any of the above items if you really want to sell and get the most money possible. I wanted to point out what buyers think when the house needs work. By not doing repairs, painting, or updating you are only going to cost yourself money. Your home will take longer to sell. However I do sell many, many homes over the years because the sellers do not want to fix them up. The seller may not have the time, energy, or money to do it. Or want to deal with contractors. The homes do sell, just not at the top dollar. Many estate homes are like this. It may just cost too much to do all the repairs and updates. It really may not be worth the time and money. Call me over for your free consultation (248) 310-6239
By doing all the things above you have saved some money, it may not be as much as you are losing on the sale of the house. That low ball offer really does not hurt….after all you have made it rich in the stock market this year. You haven’t had to put out one ounce of energy or do any work and it shows. After all 20 buyers said they weren’t interested, but 3 of them bought other homes in the neighborhood for higher prices. None of that matters though. So if you want to sell your Metro Detroit home for less, or want to keep it on the market for a longer period of time. Do the items above.
Here are some reviews and testimonials from old clients of mine:
Russ Ravary should play the lead role on your home buying team*.
Russ is a workaholic: he’s going to be at the showing twenty minutes early, he’s going to have a folder of comparables, he’s going to have details on the neighborhood – even if you emailed him late the previous night.
Russ is experienced: he has a deep knowledge of many Metro Detroit communities (Livonia, Plymouth, Northville, etc.), he has worked all types of transactions (foreclosures, short sales, etc.), he has previously handled the problem you’re going to run into when purchasing your home (in fact, he’s probably blogged about it).
Russ is adaptable: he has been early to adopt new technologies, he has been quick to adjust offers to changes in the marketplace, he has been ready to meet the personal needs of his clients.
Russ Ravary was my real estate agent, and I have recommended him to my friends.
* I would also recommend finding a good: lawyer, home inspector, credit union, title company, and insurance agent (home, life).
– Don
Dear Russ,
My Husband and I have been in our new home for about a year now and we both feel that it would not have been possible without your help. We wanted to write and let you know that we appreciate everything you have done for us. I want to thank you for showing us around and negotiating to help us get an excellent home that meets all of my needs. I was impressed with your knowledge of the neighborhoods, schools, businesses, parks, recreation, restaurants and home prices. You are my #1 Realtor and I will recommend you to my family, friends and any one else who need to buy or sell real estate.
Best Regards
Nabila & Joe
My husband and I chose Russ to be our real estate agent after a friend highly recommended him. We were moving here from Canada and only had a few days to look at homes. When we came in to town, Russ went far above the call of duty. He had thoroughly planned our 2 days and had numerous homes lined up for us to view. After talking to us briefly and asking us a few questions before our arrival, he new exactly what types of homes would be ideal for us. After searching for a short time he found the perfect home for us.
After the sale, Russ even met our painters, carpet cleaners and home inspector at our new home since we were still out of town. He also gave us detailed lists of available utility companies, schools, cable services, cleaning companies, house cleaners, fun things to do and wonderful restaurants in the area. Russ made the entire experience enjoyable and easy. He has a laid back, genuine personality and my entire family felt comfortable with him immediately. He feels like a friend not just our real estate agent.
I would HIGHLY recommend Russ to anyone with complete confidence.
Lindsay Gourneau
“I was looking for a realtor and not knowing anyone in the business, I looked online. I heard from several people, but it was Russ with his no-nonsense approach that sold me. I asked what my first step should be and Russ stated immediately that I needed to get pre-qualified before looking at any properties. Great advice! After receiving my pre-qualification letter, Russ and I looked at many properties. As a first-time home buyer my knowledge was very limited, but Russ was more than willing to advise me on my best plan of action. We looked at many properties together and Russ was always on time; most of the time early for our appointments. He made my first experience of buying a home stress-free. If anyone asks me “Can you recommend a good realtor?” My answer would be, “Yes. Russ Ravary.”
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