What Updates Should You Make If You Are Getting Your Home Ready to Sell - Pillar 2
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- เผยแพร่เมื่อ 16 มิ.ย. 2024
- What Updates Should You Make If You Are Getting Your Home Ready to Sell? Selling your home can be challenging! Our live session today answers the real life questions you have about selling your home. And how stress is completely balanced with the amount of money you make!
Every Monday (well except for Holidays), Kati and Warrick are kicking back and going live to chat about the real estate market as it stands. They will tackle all your burning questions about prepping your home for sale, figuring out the best time to sell, and anything else you're curious about when it comes to selling your house. Don't forget to turn on those notifications so you won't miss out!
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The Profitable Homeowners Podcast - EP5
It's your home so no background change needed. Your background reflects your life and that is a good thing. Thank you for all the information you both share. It's really helpful.
I appreciate the good pics of interior and exterior home examples as you discuss things.
Thank you for the quality content. Have to say, the idea of being in any of the three categories below “Unpolished Potential”, is quite intimidating. And that’s where many folks are…
Well. It’s all about continuing to do maintenance on the home over time. Not just before you sell. Take it one step at a time. And just do what you can.
1978 Ranch home, not much updated, average maintainence, 80yr old owners. Needs tree trimming & removal, updated landscape maybe, new floors, etc. Hope to stay 5 more years, but who knows. 1 acre in the suburbs. Where do we begin a 5 yr, or less plan?
I caught this after your live feed. I appreciate hearing this information. We will likely end up with my father-in-law's home to sell in the near future. It is a nice home at a higher price point. However, it is extremely personalized by the homeowners through a designer, with wallpaper and distinctive tile put in 26 years ago. My husband says he's selling it as-is. Meanwhile, I'm insisting to him that we keep our home updated not only mechanically but also the way it looks. We do keep up with mechanics. But items like updated baths and kitchen are a hard sell with both of us because we are both semi retired and the thought of spending a lot of money to update is not appealing, even though I'd love to have it updated! So I'm painting, swapping out door hardware, keeping every clean and maintained. We may end up selling ours as unpolished potential. Our real selling point may be a private backyard backing to a water reservoire, with mountain views and a sliver of view of the lake. I've seen homes in our neighborhood still sell recently with an original kitchen that looks like ours, at market value for the area. But I cringe, knowing when we sell in 20 years, our house may look really dated.
My sister and her husband spent $$$$ updating their family home when moving to another state. They put in all new flooring etc. When they swung by the old place to pick up their mail, they were shocked to find the new owners tearing everything up! Happens all the time. Sometimes it can be better to just give the home a good thorough "white glove" spotless cleaning and let the new owners do whatever!
I saw this reno madness with the house across the street from our home. It has the same floor plan as ours when sold to us and the first owners of that house who did nothing to the house. Then the 3rd owners renovated, followed by the 4th, and even the 5th and current owners did some kind of work inside. And I know they paid the highest dollar amount to buy that home that exists in our neighborhood. When we had our nasty old carpet removed, I decided to pick a flooring that would work with all my furnishings and cabinetry-- a vinyl tile that resembles antique marble. I'm sure it will be ripped out too when we sell the house.
I like your background! But where did you move the crocheted posies? So cute!
Haha! I wanted to see if anyone noticed!!
l am learning from Katie tooo
So glad!!
So, love your information but I have a question. I have 2 year old HVAC, reroofed 5 years ago, 1 yr old water heater, master bathtub and shower redone last year. Problem left is I’ve only replaced 2 of the 13 windows and the house is 30 years old. Where would my house category fall and can I sell without replacing the other windows? Oh and I replaced floors with LVP and bedrooms carpeted about 5 years ago. No Kitchen update but white bay cabinets still great, mainly counters not done and not granite…it’s the old stuff. I’m planning to sell in the next year. What would you recommend?
Do the windows need to be replaced? They might still be in good condition.
What are disclosure items? Do you recommend a home inspection as a prep?
Something that is on the legal disclosure that there is something wrong with the house
I think mine is unpolished potential after painting a few of the rooms
It’s 2.75 each and the contract is if we decide to list. We will use them. I know it’s early but I interviewed 3 and very impressed with this Agency. 😊 So I’m not sure how this law would affect me after August. I do want to offer the sellers agent as I think it would help my sale.
It’s whatever YOU want to do. You don’t have to pay out the buyer commission. And you have to pay your sellers agent otherwise they won’t list the home. So you can choose to pay out the buyer or not. However you might not getting agents bringing people to the home to view it. So it’s totally up to you
@@KatiSpaniak That’s what I figured. I want a quick sale.
Thanks for explaining the new law coming in August. I just signed with my realtor to pay 2.75% for seller & buyer. I won’t be listing until October. How does that affect me? 🤷🏻♀️
I have never signed a contract a week before listing. I am shocked they have you in a contract already.
Well not sure if you mean you are paying a total of 2.75 or 2.75 to each. It’s pretty early to sign unless you are going into the private network and are trying to promote it now.
@@KatiSpaniak it’s 2.75 each and the contract is if we decide to list. We will use them. I know it’s early but I interviewed 3 and very impressed with this Agency. 😊
What’s probably gonna happen:
As always, brokers/agents will be cut throat to get the listing.
Buyers agents will put the onus on their clients to pay them; they do now, especially if they bring them to a FSBO.
Truthfully, I never understood the value of a buyers agent unless you are moving to a different area/state.
Most of the time the buyers agent has to call the sellers agent to get answers, and the sellers agent has to call the owner.
What if you reluctantly price it under market and then you get people trying to lowball you even more? I would hope pricing it under market price gets bidding war and you come out with more money
The buyers will pay what a house is worth. You can never price it too low. Because if it is you’ll have people bidding it up.
You are right!!
Sellers paying both sides commission has been a long standing scam that needs to change. Why would a seller want to pay out of thousands for a buyer agent that's going against them? Half of the time their own selling agent isn't even on the sellers side. Time to restructure the entire system. lt shouldn't cost approximately 24k commission to sell the average American home. 2 to 3% max total commission costs on a sale is all the job of an agent is worth. And that's being generous. Europe is less than that. What if someone is selling a home, then immediately rebuying? Are they expected to pay 5-6% to sell and then 3% to rebuy? Not going to happen. Agents take too much money for the service provided. "We're trying to maximize the profits of your home sale" 😂 By taking tens of thousands of dollars in commissions. Nobody trusts agents for good reason...