FOR SALE BY OWNER TIPS- Tip 2

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Don’t Follow The Potential Buyer Around Your Home!

One of the first lessons I learned when I started my real estate career in 1989 was to leave people alone when they came into an open house.  If a real estate professional does not follow a potential buyer around an open house why should you?  The answer is that you shouldn’t.

Your response might be “Why?”

First of all, most people don’t have to be told they are in the dining room when there is a table in the center of the room and a chandelier is hanging over the table.  The room with the large bed and the separate bathroom adjacent to it most probably is the master bedroom.  Get it?

Mr. and Mrs. Homebuyer might like to comment on each of the rooms or on the home in general while they are touring it.  They will not if you are “bird dogging” them around.  You want them to be comfortable in your home and they will not if you are giving them the “guided tour.”  When they have finished looking at your home you should probably ask “May I answer any of your questions?”  However, that may not be a good idea either.  They say “Sure, why are you moving?”  You respond “The house is getting too small for our family now.”  “How many are there?” they ask.  “We have three children.”  Guess what, so do they!  If the home is too small for you it will probably be too small for them too.

Resist.  Let them tour the home and then thank them for coming.  Give them your name, email address or telephone number if they do not have it already.  Suggest they contact you if they need to revisit.  Don’t try to pressure them in any way.  Offer assistance or tell them about the schools (if you like them, naturally) and about how near shopping is (if it is).  Sell the community.  That is important to buyers.

More to come in Tip 3.

I wish I had a dollar for each time…..

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I wish I had a dollar for each time someone asked me “How is the market, are you seeing any signs of it improving?” .   It would probably equal the equivilant of selling another home.  So, here is my answer based on statistics.

During the month of April there were 286 homes sold in the Fredericksburg area which includes: City of Fredericksburg,  Stafford, Spotsylvania, Caroline, and  King George Counties.  Of those homes sold 82 were foreclosures and 57 were short sales.  That means 48% off all homes sold in the Fredericksburg area were “distressed ” sales.  In the past 3 months this is the first time that we are under 50%.

Does that mean the market is “picking up” ?  I don’t know, you tell me.  I seem to think that if 48% of homes sold are still distressed sales we have a long way to go.

Praying Your Hot Water Heater Will Not Break?

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Replacing a water heater is not cheap!  Would it be worth spending about $75 to replace yours if it no longer provided hot water for your morning shower?

You can buy an insurance policy for your water heater and many other appliances, fixtures, and systems in your home.  Homebuyer’s warranties are available to you.  Naturally, like other insurance, there are deductibles and you will not be insured if there is a pre-existing shortcoming.

Call Fredericksburg Realty at (540) 368-3900 or email us at FburgRealty@gmail.com for more information.

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