Showing posts with label selling a home. Show all posts
Showing posts with label selling a home. Show all posts

Thursday, September 19, 2013

Who Cleans for the New Owner?

Whose responsibility is it to ensure a SOLD home is found in a clean and clear manner for a new Buyer?
                                                                                                                      
As a Buyer of a new to you property, have you ever spent an extra day cleaning and scrubbing your home after all your belongings are moved out, leaving your SOLD home pristine for its new occupants, only to find you have two days of work and cost to clean your new purchase before you would ever consider moving in your belongings?

It happens – all too often.  REALTORS® try to protect their Buyer(s) by including a term in their Contract of Purchase and Sale “the seller agrees to have the home and carpets professionally cleaned prior to completion and will provide receipt of work done.  All personal belongings and garbage, inside and out are to be removed.”  

The seller may agree to the term at the time of the offer – and yet not get it done for completion. Perhaps they ran out of time, the moving truck was delayed, cancelled or they were not prepared for the amount of work to be done once their furniture was actually moved out of the way.  Perhaps they rented a steam cleaner from the grocery store and did it themselves at midnight the night before completion, leaving carpets soaking wet – delaying the Buyers ability to move in immediately when they take possession. 

It’s important to remember that everyone measures “satisfactory” levels of cleanliness differently.  It helps to have the work done by an independent professional who will have a consistent standard met.  If hiring out is not affordable, some Sellers may choose to do the work themselves. The Seller’s REALTOR® needs to provide them with the reasonable expectations of the industry – and not allow them to pass their own judgement on what is acceptable or not.

There is an expectation in our market area that the appliances will be cleaned, carpets vacuumed, floors washed, bathrooms and light fixtures cleaned (hopefully NOT stripped of all the light bulbs), windows clean, garbage gone (This is a big one). Most Buyers will still want to do a thorough vacuum ,wipe down of fixtures, switches, and cabinet interiors, to ensure they are not moving in with someone else’s germs, but they should not have to start from scratch.

Can REALTORS® do anything else other than inserting the ‘cleaning’ clause in the contract to ensure their buyers don’t walk into disaster?   YES!  REALTORS® need to educate their Sellers to the industry expectation.  Help the seller to realize how they will feel if they walk into a mess in their new purchase.  A listing REALTOR® should visit their sellers at the property regularly (not just phone them) throughout the two weeks prior to completion.  Most REALTORS® can recommend support services like Junk Removal companies, movers and cleaners. Some Sellers move out days or weeks prior to completion so a yard maintenance company may be necessary to keep the yard in proper condition prior to completion.  


The Buyer’s REALTOR® can certainly drive by the property periodically to see if there are signs of activity towards a move happening.  Check with the listing REALTOR® to express concern if garbage or items on the property don’t seem to be diminishing as completion day approaches.  Request a walk though the property with the Listing REALTOR®  a few days prior to completion.  A good REALTOR® knows their job is not done when the subjects come off.  The period of time between subject removal and completion is critical for both sides.

It’s sad how quickly all the hard work a Buyer’s Agent has done can be forgotten when their Buyer walks into a mess.  

Some of the circumstance we have had to deal with:  

  • Senior seller, not moved, not packed, and no plan for where she would go.  Our buyers had the anxiety of not only having to find temporary accommodations but were left with the feeling of putting a sweet old lady out on the street.  What an awful way to start a life in your new home.
  • Buyers bought a property where they fell in love with the yard. Sellers moved 6 weeks early in the heat of the summer.  What do you think the yard looked like with no care or water by the end of July?
  • Garbage left piled in the garage – rodents decided it was a great place to settle in. 
  • Seller moved and packed and gone but left unwanted furniture, broken appliances and other debris that mounted up to three “Got Junk” truck loads at $200 a load plus cleaning.
  • The contract included all the new stainless steel appliances.  The buyers moved in to find second hand mismatched units.
  • A winter close turned disaster as the seller moved out a month prior and turned off utilities (heat included) – Frozen pipes and water damage resulted.

REALTORS® can’t control what their sellers do but they can take an active part in walking them through the process...the expectations...get family members or outside services involved early if there appears to be issues of ability and relocation.

A Buyer’s REALTOR® can’t affect the seller’s actions but they can stay in communication with their colleague.  If there are any circumstances that they can anticipate ahead of time that will need special attention, the Buyer can be made aware and not blindsided on move-in day.  The Buyer’s REALTOR® can be ready with information on support services and try to negotiate costs with the Seller through the Seller’s REALTOR®.

In my opinion – a REALTOR® who responds to difficult possession issues with “Let the lawyers fight it out” is not doing their job.  A Buyer’s avenue of remedy when a Seller does not fulfill their obligations under the contract is small claims court – find the seller – serve them and try to collect.  As professional REALTORS®, anything you can do to avoid that path should be taken and often, paying attention, communication between REALTORS® and preparation of both Seller and Buyer is all that is needed.

There are always the Good stories too:

  • Our seller’s REALTOR® and the Buyer’s REALTOR® – packing boxes and cleaning until midnight the day prior to possession to help the senior with the last of the overwhelming task she had been faced with.
  • Day of possession the Buyer’s REALTOR® up on the counter, wiping out cupboards to be ready for her clients dishes – right after she ordered pizza to feed the friends that had come to help with the move in.
  • Seller’s REALTOR® sent their son over to give the yard that one last cut and tidy. 
  • Seller away prior to completion so they left funds for their REALTOR® to hire a cleaner.  REALTOR® stored the last of the personal belongs for her seller until she returned months later. 

Do you have some good (or bad) stories to share?  
What’s your opinion on who should be held accountable?


When the going gets "Tough"...just call me.
Susan Tough

Thursday, May 16, 2013

Guest Blog - Taking the LEAP!


Taking the LEAP!

Guest Blog Post by Ashley Houseman

There’s nothing more exciting than researching homes on the internet, sifting through hundreds (maybe thousands) of photos of homes listed for sale until you narrow down the possibilities and compile your list of those you’d like to see in person. In most cases, a picture is truly worth a thousand words.

On numerous occasions, I've had the pleasure of walking through homes with First Time Home Buyers to discover some of the most outrageous and interesting features a house could possibly possess. Some in which you wish the REALTOR® would have posted pictures of, so you could have ruled it out as a possibility and saved yourself the gas and your precious time to see it.


Epic Fail!

Homes with holes in the floor (we could see the dirt fill below), bathrooms with the door against the toilet, homes that were previous crime scenes (which I found out later via “Googling” the address), an ENTIRE home that was a dedicated shrine of Dale Earnhardt Jr (I’m a fan, just not an entire house of it) and my personal favorite:  a bidet in the middle of a bedroom, yes, a bedroom.

It’s tough to see yourself in a home when either photos don’t do a good home justice or when a potential home is washed out by clutter or issues that are hard to look past. Here’s a few tips to help you to weed out the bad ones from the diamonds in the rough:

Do Your Homework:

  • Go online:  Did you know that most REALTORS® can send you listings via email to check out from the web from the comfort of your couch? Use their services to check out homes! Their MLS® will be your most up-to-date source for what’s available on the market. Also check out  www.ColdwellBanker.ca and their app as well.  Or www.KelownaRealEstate.com
  • Do the Drive-by:  If it’s a good possibility, drive by the home and see if you like the location. This will help you to weed out more homes than you think.

Look Past the Surface:

  • Good Bones:  If shag carpet and gaudy wallpaper isn’t your thing, don’t sweat it. Those are cheap fixes to a home that may have great bones. Look past the things that are easily replaceable and look at the layout of the home, as adding an addition is way more expensive than that gorgeous granite you’ve been dreaming of.
  • Don’t Fall for the Bells & Whistles: Quite opposite of the last tip. A home may have some sweet upgrades like solid counter tops and stainless appliances, but you aren’t too crazy about the layout. Just remember, you can always customize the home down the road but living in a home with an awkward layout can eventually get annoying. It’s more expensive to do a total renovation (knocking down walls, permits, etc) than it is to buy an entire stainless kitchen on a Memorial Day sale.

Think About the Future:

  • Resale, Resale, Resale:  That small bedroom that is a decent “office” now may not be a considered good-sized bedroom for a buyer down the road when you’re trying to sell, as this personally cost us 10+ buyers when selling our home!  Don’t compromise on things that you think may hinder your chances of selling the home in the future.
  • Replacement Costs:  Buying a home is an investment, especially if you have to replace a ton of stuff inside. Take a closer look at things like the roof, air conditioning unit, pool pump, and other high ticket items that could be in need of replacing. It’s good to budget replacement costs into your yearly budget, but you don’t want to take on a home that needs everything replaced all at once.

A Home Fit for a Family:

  • Busy Streets:  If you have or plan on having kids, that’s great, just make sure the house accommodates them! Any parent of a toddler will tell you that living on a busy street is one of the scariest things in the world as you watch cars fly by your driveway. Consider an area that has less traffic and will be safer for the little ones.
  • A Tub:  As silly as it sounds, you will want a tub in the guest bathroom. Unless you want your sweet munchkins taking over your master every night until they can bathe themselves, save yourself the insanity and make sure there’s a tub in the guest bathroom for the little ones.

These are just a few things to think about when you’re looking to buy a home for the first time. When in doubt about certain things, always consult a real estate professional, as they are your best source of information in the home buying process.

No matter what your first time home buying adventure is like, just remember, you could always have a bidet in the middle of your bedroom.

Ashley Houseman( YES! Her last name has HOUSE in it) is an Associate Broker/REALTOR® with Coldwell Banker Morris Realty. in Punta Gorda, Florida. You can follow her on Twitter at @BrokerEXCLUSIVE or visit her blog www.brokerEXCLUSIVEblog.com

Thursday, August 2, 2012

Sellers, take note:



GROWING FAMILY IS NO. 1 LIFESTYLE MOTIVATOR FOR HOME BUYERS

Coldwell Banker® survey finds Sellers are more willing to make changes to increase buyer appeal; Buyers prefer updated kitchens & open floor plans to trendy media rooms  
A recent survey of 700 Coldwell Banker Real Estate professionals across North America revealed home buyers are motivated by lifestyle needs, with growing families ranking as top motivator on both sides of the Canadian/U.S. border.  Meanwhile, sellers are becoming increasingly aware of the value of presenting a home with buyers appeal, and are becoming more willing to go the extra mile as they compete for buyers’ attention.

Sellers More Willing to De-clutter, De-personalize and Make Repairs


Of those Coldwell Banker professionals surveyed:

  • 94 percent say their sellers are getting rid of clutter and making cosmetic updates, such as fresh paint and minor repairs.  This percentage was the same for both Canadian and U.S. respondents
  • 60 percent of Canadian respondents agree that clients are willing to “de-personalize” the home.  This percentage was much higher in the challenging U.S. market, where 76 percent agree.
  • 59 percent of North American respondents say sellers are even bringing in new home decorations or furniture to help make the home more appealing.  

When marketing your home, it’s important to help buyers imagine themselves living in the property. De-cluttering and de-personalizing is crucial to this process.  Sellers should recognize that while demand for homes remains strong in Canada, their home is still competing with other listings.  If a home is presented with a minimum of clutter and distracting personal items, it will appeal to buyers and improve the chance of a sale. 



Buyer Preferences are ‘Back to the Basics’


Sellers, take note: when it comes to selecting a home, buyers are going back to the basics.  They value new or updated kitchens, bathrooms and open floor plans as the most important features for a new home. 

  • 33 percent of agents surveyed across North America say that a new or updated kitchen is the most important feature to home buyers. 
  • 14 percent say the most important feature to home buyers is an open floor plan, while 12 percent say it is a new or updated bathroom. 
  • Only 1 percent of the real estate professionals surveyed say they believe that entertainment rooms or finished basements are the most important feature.

Home Buyers Moving for Babies and Careers


The survey also drilled down into which life events are motivating the most people to buy homes.  According to the Coldwell Banker Real Estate professionals surveyed, growing families is currently the biggest lifestyle driver for home buyers in both Canada and the United States.  


70 percent of real estate professionals surveyed say a new baby or growing family is the “most common”, or a “very common” lifestyle reason that North American buyers search for a new home.  Other key motivators include: 

  • Marriage - 59 percent.
  • Divorce - 48 percent.
  • Retirement - 37 percent. 

While the majority of survey responses regarding buyer motivators were similar between Canada and United States, and although job reasons was the No. 2 reason overall across North America, there was one marked difference.  Fifty-five percent of Canadian respondents cited job reasons vs. 69 percent of respondents in the United States, where the economy and job market have endured recent downturns.  


For most of us, while a home is probably our largest investment, the fact remains that people move for lifestyle reasons.  Regardless of market conditions, buying a home remains an investment in our lifestyles where the emotional and psychological benefits can hold equal value to the pure economic investment.

Canada vs. U.S. Pricing Variances


The survey also indicated a clear difference between the two countries when it came to sellers’ pricing strategies.  Unlike the stable Canadian real estate market, much of the U.S. market has been challenging for the past few years.  The Coldwell Banker survey indicates that U.S. sellers are ready to ‘get real’ about real estate.  In the United States, 51 percent of those agents surveyed said sellers were more willing to price their home competitively than at the same time last year, while in Canada only 31 percent of surveyed agents said their sellers were willing to do so.    


Canada continues to enjoy a stable, balanced market, with near historic low interest rates, and a good inventory of homes for sale.  This supports demand for housing, and sellers are continuing to price their homes according to our market conditions. 




Your Coldwell Banker professional REALTOR® can help you determine what ‘tweaks’ you can do fairly easily to your home that will attract more Buyers to the table.  Your REALTOR® is equipped with comparable properties and shopping statistics that can make a huge difference in how they expose your home to the market place to have the greatest effect.



When the going gets "Tough"...just call me.
Susan Tough

Thursday, March 15, 2012

COLDWELL BANKER® REAL ESTATE SURVEY


COLDWELL BANKER® REAL ESTATE SURVEY REVEALS GROWING FAMILY    NO. 1 LIFESTYLE MOTIVATOR FOR NORTH AMERICAN HOME BUYERS 


 A recent survey of 700 Coldwell Banker® Real Estate professionals across North America revealed home buyers are motivated by lifestyle needs, with growing families ranking as top motivator on both sides of the Canadian/U.S. border.  Meanwhile, sellers are becoming increasingly aware of the value of presenting a home with buyers appeal, and are becoming more willing to go the extra mile as they compete for buyers’ attention.   


Sellers are More Willing to De-clutter, De-personalize
and Make Repairs To Increase Buyer Appeal
Of those Coldwell Banker professionals surveyed:

  • 94 percent say their sellers are getting rid of clutter and making cosmetic updates, such as fresh paint and minor repairs.  This percentage was the same for both Canadian and U.S. respondents
  • 60 percent of Canadian respondents agree that clients are willing to “de-personalize” the home.  This percentage was much higher in the challenging U.S. market, where 76 percent agree.
  • 59 percent of North American respondents say sellers are even bringing in new home decorations or furniture to help make the home more appealing.  

“When marketing your home, it’s important to help buyers imagine themselves living in the property. De-cluttering and de-personalizing is crucial to this process,” says Susanita de Diego,  Coldwell Banker Canadian Consumer Specialist. “Sellers need to recognize that while demand for Canadian homes remains strong; their home is competing with other listings to get results.  I always advise sellers that if their home is presented with a minimum of clutter and distracting personal items, it will appeal to buyers and improve their chances of a successful sale.”  


Buyers Get ‘Back to Basics’ ….
Preferring Updated Kitchens And Open Floor Plans Over Trendy Media Rooms  
Sellers, take note: when it comes to selecting a home, buyers are going back to the basics.  They value new or updated kitchens, bathrooms and open floor plans as the most important features for a new home. 

  • 33 percent of agents surveyed across North America say that   a new or updated kitchen is the most important feature to homebuyers. 
  • 14 percent say the most important feature to homebuyers is an open floor plan, while 12 percent say it is a new or updated bathroom. 
  • Only 1 percent of the real estate professionals surveyed say they believe that entertainment rooms or finished basements are the most important feature.



Home Buyers Moving for Babies and Careers
The survey also drilled down into which life events are motivating the most people to buy homes.  According to the Coldwell Banker Real Estate professionals surveyed, growing families is currently the biggest lifestyle driver for home buyers in both Canada and the United States.  
70 percent of real estate professionals surveyed say a new baby or growing family is the “most common”, or a “very common” lifestyle reason that North American buyers search for a new home.  Other key motivators include: 

  • Marriage - 59 percent.
  • Divorce - 48 percent.
  • Retirement - 37 percent. 

While the majority of survey responses regarding buyer motivators were similar between Canada and United States, and although job reasons was the No. 2 reason overall across North America, there was one marked difference.  Fifty-five percent of Canadian respondents cited job reasons vs. 69 percent of respondents in the United States, where the economy and job market have endured recent downturns.  


“For most of us, while a home is probably our largest investment, the fact remains that people move for lifestyle reasons,” says John Geha, president, Coldwell Banker Canada Operations ULC. “Regardless of market conditions, buying a home remains an investment in our lifestyles where the emotional and psychological benefits can hold equal value to the pure economic investment.”


Canada vs. U.S. Pricing Variances
The survey also indicated a clear difference between the two countries when it came to sellers’ pricing strategies.  Unlike the stable Canadian real estate market, much of the U.S. market has been challenging for the past few years.  The Coldwell Banker survey indicates that U.S. sellers are ready to ‘get real’ about real estate.  In the United States, 51 percent of those agents surveyed said sellers were more willing to price their home competitively than at the same time last year, while in Canada only 31 percent of surveyed agents said their sellers were willing to do so.    


“Canada continues to enjoy a stable, balanced market,” says Geha, “with near historic low interest rates, and a good inventory of homes for sale.  This supports demand for housing, and sellers here are continuing to price their homes according to our healthy market conditions.” 


When the going gets "Tough"...just call me.

Susan Tough

Survey Methodology: Coldwell Banker Real Estate conducted an online survey among Coldwell Banker real estate professionals across North America about housings trends in 2012. The survey was fielded between January 24 and February 7, 2012. 
The base (sample size) for calculating results varies slightly from question-to-question.  The approximate sample size answering each question was 615.  Maximum error range based on this sample size - at a 95% level of confidence - is +/- 4 points.   Note that standard error calculation applies to random probability samples and is included herein to serve as a guide-only.
*Some answer percentages in the above may not total 100 percent, if only the most popular responses are listed.  In other cases, respondents had the option to check all that apply, which may mean that percentages total more than 100 percent.

Friday, March 9, 2012

The Value of a Home

I cannot say enough about the new ad campaign released by Coldwell Banker® LLC on Monday March 5th. The ads remind us of the “value of a home” as being not just an investment for your money, but a place where memories are made and remembered.  Take a look for yourself:




By the way, do you recognize the voice in the ads?  Yes that’s right, it’s Tom Selleck.  Tom’s Dad worked for Coldwell Banker for 38 years, retiring as Executive Vice President.  The sentiment the campaign presents encouraged Mr. Selleck to participate in the ads, as you can see in his message to all the Coldwell Banker agents at our recent Generation Blue Experience in New Orleans:




These ads are not just for potential home buyers, but also speak to the agent as a reminder of the importance of relationships in our professional careers.  With the plethora of new technology out there pushing information, making our lives more efficient, it’s important to remember nothing can replace face to face contact with clients and colleagues to build the lasting relationships our business rewards us with.

Changes to the real estate industry will continue to morph and roll through our shifting times.  The constant has always been,

“Trusted Agents, with the Right Tools, helping you Make Better Decisions.”

When the going gets "Tough"...just call me.

Susan Tough