Know the Temperature of your Home !
When I say "know the temperature of your home", what I mean is that in Real Estate your home is either cold, warm or hot - this in regards to a quick or slow dragging of the time it takes to get a purchase offer once your home is on the market.
Once a homeowner decides to sell, then of course you want to get a "quick and fair" offer rather than waiting, waiting and waiting sometimes to a point where the homeowner starts to wonder if their home will sell "at all". In the eyes of a buyer, your home needs and/or should to be in the "hot" mode.
What is meant by a "hot" mode?
A "hot" home on-the-market is considered to be one that has a 75% or higher-chance of getting into a purchase contract within the first 2-weeks of being on the market.
How can this be accomplished?
Aside from location, most "hot" homes are the ones that have had regular upkeep, maintenance and upgrading. The pride-of-ownership will show to any buyer that comes to view your home. By this I mean that... if you have a leaky faucet - then fix it. If a hose under a sink leaks or a fixture shows signs of corrosion then fix it or replace it before you have a bigger problem.
Do the walls & ceiling need a fresh coat of paint? There is many beautiful paint colors out-there to choose from. If you have any cracked or fogged-up windows, then replace them. And the same goes with sliding doors that will not open correctly or simply just hard to open. Don't forget the dilapidated screens on windows as well. Stay "on top" of any repairs or else before you know it you will have of ton of projects that need attention.
How is your furnace and A/C compressor doing? Are they in good operating condition? Once in a while, check the exterior of the home to see if it needs painting. Is there any "bare wood" or paint chipping on the shutters, eaves, fascia board or stucco? By now you should see where I am going with this!
Keeping "on top" of any repairs/issues certainly helps keep your home in a "hot" mode - this in the eyes of a buyer. Put yourself in the buyer’s shoes and you will understand that not too many buyers will want to buy a house that needs a lot of repairs and/or one that shows many signs of neglect.
I'm not trying to be harsh here: But the reality is that if you let any issues with the house to fester, then more-than-likely you could be facing a bigger and more expensive problem “down the road”.
Even if you are not ready to sell your home anytime soon, still it is best to always look around and see what attention the house needs so that you can get Top Dollar if and when it comes time to sell.
There is a lot to be said about "pride of ownership". As you know life tends to have a lot of twists-and-turns, therefore who knows when you might have to put your house up for sale and the last thing you need is to be faced with a lot of projects/repairs that need your immediate attention.
CHEERS to all on keeping your home “HOT” and ready for re-sale !!
Oscar Castillo : Broker Associate (San Diego, CA)
- Residential Brokerage