Thinking About Selling Your Home?

Owning a home is the original American dream. It's the old frontier spirit, wanting to claim your own tuft of the New World. Then again, these days it also makes perfect economic sense. Experts estimate that all of the homes in the United States alone are worth a combined $14 trillion. That goes a long way to explain why a housing boom has been sweeping the globe.

Where there is a boom, though, there may be a bust. Read any headline from your local newspaper, and you'll see headlines such as "Bye-Bye, Housing Boom" to "Housing Boom is Leveling Off." Some economic forecasters predict a bubble that may be about to burst. They make you wonder: am I missing the boat?

Whether you're looking to cash in on this real estate bubble before it pops-or simply wanting to move to a bigger home or move across the country-selling your home can be more a nightmare than a dream. Not only do you have to find and trust a real estate agent. You need to prep your home for open houses. You need to haggle with prospective buyers. Not to mention, you have to worry about the moving and selling of all of your valuables.

It's almost enough to make you want to live in one home for the rest of your life-just as folks did in your grandparents' day. Then again, your home is worth a percentage of that $14 trillion. Don't you want to see just how much?

As hectic and horrible as selling a home may seem, it really isn't so bad if you break it down into a few simple rules. If you don't believe us, read the rules for yourself.

Fuss over the façade. Your home's future owners do not want to worry about repairs and renovations as soon as they move in. So make certain they don't. Be sure to have your home immaculately clean before you invite prospective buyers over. Redecorate if your interior is outdated. And invest in minor renovations if necessary. You'd be surprised what a coat of paint can do.

Focus on the fine details. Prospective buyers will leave no stone unturned when they visit your home. They will test every light switch, run every faucet, and lift up every toilet seat. Everything-and we mean everything-should be in working order before your open house.

Double check for blown out light bulbs and leaky faucets. Scrub the bathroom and clean up any ring around the bowl, tub scum, and any other nasty surprise.

Don't settle for maybes on safety. Ensure that there are no safety hazards anywhere on your property. Something as small as uncovered electrical sockets or as large as an unfenced pool can scare off buyers, especially parents of small children.

Create a soothing selling atmosphere. Imagine the last time you visited a bed and breakfast. Your home should be as welcoming and accommodating as that. One easy way to accomplish this is by brightening up the place. Turn on all your lights for your visitors. Plus, fluff up your bedroom. After all, most people want the bedroom to be the most comfortable spot in the house. Make sure it is-at least when buyers are around.

Clear the joint. Along with the last rule, there is the standard real estate practice of vacating the premises when buyers come for tours. This is done for good reason. Buyers are there to evaluate your home, not meet your sisters, sons, cousins, and cats. So send your family to the mall for a day of shopping, or to the park for a picnic.

Cut the clutter. All of your stuff can get in the way, too. That's why it's important to start packing and storing your personal belongings as soon as you know you're going to move. An empty house is a cleaner looking house is a more attractive house. You don't want your perspective buyer opening a closet and having a bowling ball fall on their head, do you?

Make a killing on said clutter. One option is to simply move your personal items to your new home and create instant clutter there. That's the way of the pack rat. Or, you could sell what you no longer need and turn a quick profit. That's the way of the fat cat.

If you choose wisely-the latter option-be sure not to hold your garage sale on the same days as your open houses. Neighbors in their undershirts and jeans on your front lawn do make for a great sales ploy. Instead, it makes you look desperate and could hurt you come negotiations. Schedule your yard sale on separate days.

Better yet, sell your goods online. Classified Web sites allow you to negotiate with potential buyers, get the best rates for your stuff, and ship it off at your own convenience. And it's all accomplished on your own time, inside your own home (where you can wear your undershirt and jeans and no one will care).

Take a deep breath. Lastly, never let the home-selling experience overwhelm you. Sure, there are a load of responsibilities to take care of. But that is what your real estate agent is there for. They handle all of the grunt work. They do all of the hard talking with the buyer. They make all the follow-up calls. And they showcase your home for you. Your job is just to smile, be polite, and answer the buyer's questions if they come up.

Donald Lee is the public relations manager for Buysellcommunity.com. Buysellcommunity provides free classified listing services for individuals and businesses to market their products and services online.

For global and localized classifieds, please visit http://www.buysellcommunity.com - Free Buy & Sell Classifieds.

In The News:

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GREDA optimistic about real estate boom in 2019 after poor showing last year  GhanaWebThe Ghana Real Estate Developers Association (GREDA) says it is positioned for a turnaround in 2019 after a poor showing in the previous year. Executive ...
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UAE real estate remains tough for home buyers, but equity investors may see some respite in 2019  ZAWYAAlthough few observers of the real estate markets in the United Arab Emirates are forecasting a recovery in prices in a market where the supply pipeline ...
Investment adviser fined over alleged real estate scheme  San Francisco ChronicleBOSTON (AP) — Secretary of State William Galvin says the state has entered into a consent order with a Massachusetts investment adviser agent accused of ...
PE firms see bonanza in residential realty sector  Times of IndiaIndia Business News: The domestic residential real estate space has been in a rut for years with failed and delayed projects putting buyers off. Developers more ...
How much? Tompkins County real estate transactions  Ithaca JournalReal estate transactions for Nov. 25 through Dec. 1.
Treasure Valley commercial real estate roundup  Idaho Press-TribuneBoise. Pigment Hair Salon leased 1,311 square feet of retail space located at 3525 W. State Street in Boise. Holly Chetwood of Thornton Oliver Keller facilitated ...
2019 would be a great year for real estate sector: Irfan Razack, Prestige Estates  Economic TimesWe will reach the Rs 3500-4000 crore guidance for 2019 and maybe exceed it, says Razack.
Real Estate Money In Politics: Growing Distrust, 'An Explosion Of Demand' For Accountability  BisnowAnger at the intersection of money, development and local politics boiled over in New York with HQ2. Will the rest of the country follow suit?
We want to change the way real estate wealth is managed: Shivam Sinha, founder Indiassetz  Economic Times"Indiassetz Infra Services is a “Family Office for Real Estate Wealth Management”. We manage real estate wealth of high net worth families and NRIs," Sinha ...
Grim discovery as real estate agent finds body of a squatter, 23, in a back shed  Daily MailA real estate agent made a grim discovery when they found the body of a man, believed to be a squatter, in the backyard shed of a rental property.
Will a composition scheme under GST help the real estate sector?  Moneycontrol.comThe scheme may have a detrimental effect on real estate prices due to the blockage of input tax credit.
New Research on Business Process Management in Real Estate Market Forecast to 2025  Industry News NetworkThe Latest Research Report “Business Process Management in Real Estate Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts ...
'RHONJ' star charging $10K to spend the day learning his real estate secrets  NJ.comCan you put a price tag on a day learning real estate tips from Joe Gorga, the “Real Housewives of New Jersey” star who is also an investor and developer?
Montreal's Real-Estate Market Is About to Eclipse Vancouver's  BloombergVancouver is on pace to lose its status as Canada's second largest housing market to Montreal.
Budget 2019: Sops for farmers, middle class, real estate  Economic TimesFinance Minister Piyush Goyal showered tax sops for the middle class and announced an annual income support of Rs 6000 for small farmers as he presented a ...
ICRA maintains negative outlook for residential real estate, stable outlook for commercial realty  Moneycontrol.comElections in 2019 may keep *fresh* project launches in check considering the uncertainties developers may face relating to timeliness of regulatory approvals for ...
Top 5 least affordable cities for real estate  World FinanceJust as property markets reached a peak around 2009, a global recession hit. This was followed by years of quantitative easing and artificially low interest rates.
FM’s booster dose for real estate  Fortune IndiaThe announcement of credit linked subsidy scheme and increased tax savings will drive the demand for affordable housing.
Burgan Real Estate Tops Record Volume of $80M  businessjournaldaily.comBOARDMAN, Ohio — New training programs for agents, local partnerships and community involvement helped achieve record sales in 2018 for Burgan Real ...
Share market update: Realty shares slip; Indiabulls Real Estate falls over 5%  Economic TimesThe Nifty Realty index was trading 0.67 per cent down at 222.45 around 12:00 pm.
Apollo Commercial Real Estate Finance: Is This 10.3%-Yielding REIT A Buy Right Now?  Seeking AlphaApollo Commercial Real Estate Finance released fourth quarter results last week. The commercial mortgage REIT earned its full dividend payout with operating ...
Real Estate Firm Shifting Rental Services to Property Management Company  SarasotaMichael Saunders & Company is transitioning its rental leasing and management services to Gulf Coast Property Management.
‘All real estate companies filed reports without PAN details’  Times of IndiaAHMEDABAD: All the real estate companies from Gujarat that filed audited reports with the registrar of companies (ROC) did not mention their permanent.
Bankrupt meat business Kane Beef sold to real estate developer  just-food.comSam Kane Beef Processors, the US meat business which went bankrupt last month, has been sold to a real estate firm for an undisclosed sum. related to Meat, ...
BLand ventures into Iceland real estate in RM57.5m deal  The Sun DailyPETALING JAYA: Berjaya Land Bhd (BLand) is planning to venture into Iceland's property market through the acquisition of Iceland real estate firm Geir...
View: Budget 2019 is a much-needed step in the right direction  Economic TimesBy Ashok Wadhwa The interim budget has holistically focused on three key elements — farmers, the urban middle class and focus on real estate. In the previous ...

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