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How Selling Your House Is Like Making Lasagna

How many layers are there in a lasagna?
There’s no right or wrong answer to that. Other than, “more than one” probably. Even two is pretty skimpy.
So, let’s say three is minimal for argument sake. (But, four or more is better.)
The number of layers probably just boils down to using up all the lasagna noodles and sauce you have, or getting to the top of the pan you have to use. No exact amount. Use what you’ve got.
But, if all you’ve got won’t stretch to make three layers in the size pan you have, perhaps you should use a smaller pan. At least have the three layers.

This isn’t a lasagna lesson.

You could say that it doesn’t really matter how many layers there are, as long as it tastes good.
And, there really isn’t any rule that you can’t have a one or two layer lasagna. So, you’d be “right”.
It just wouldn’t look exactly right. Not a big deal. It’s lasagna.
But, this article isn’t really about lasagna, it’s about real estate. Specifically, the critical “layers” you you need to have when you list your house for sale.
Like we were talking about above with lasagna, for the sake of argument, you definitely need three layers. More would be better.
So, let’s look at the three most important layers when listing your home for sale.

The 3 layers

The three “layers” you need to have when you list your home for sale are:
1- Price
2- Exposure
3- Ease of access

Price

The price of your home is the first, and most critical layer when you are listing your home. If you don’t nail the pricing, the next two layers won’t matter a whole lot.
It won’t matter how much exposure your home has if the price isn’t in line with the market. Buyers have a good handle on values, and they won’t waste their time looking at a house if the price is way out of whack.
There’s certainly a little room to be on the “high” side. You don’t need to “give your house away”. But, you really need to be priced well against the current competition, and justifiable against similar homes to yours which have recently sold.

Exposure

Exposure has gotten easier over the years because of the Internet. But the easiest way to ensure you reach every single buyer in the market is to make sure you’re on the local multiple listing service (MLS).
Beyond that, you want to make sure your listing “populates” or “syndicates” to all of the real estate sites out there. Again, the easiest way to do this is typically to list your home on the local MLS. Most agents have a system that then allows your listing to be picked up by more real estate websites than you can imagine.
Beyond that, it doesn’t hurt to have some other exposure in terms of marketing. This will vary from agent to agent, and company to company.
But the bottom line is this — your home needs to be easily found. And since most buyers are actively looking online, make sure it’s on there as “everywhere” as possible.

Ease of access

Your home needs to be easy for buyers to come and see.
Sounds simple enough…
You want your home sold, so of course you figure you’ll make it easy to come and see.
But not everyone does. More people than you can imagine make real estate agents and buyers jump through hoops to schedule a showing.
Saying no to a showing, or trying to corral every showing into a tight window of time during the week is going to hurt you.
So, just make sure you keep your house ready to show at any given moment, and say yes to any request to come see the house. (Within reason, of course…)
If you just do all three of those things, you’re in pretty good shape to get your home sold for as much as the market will bear, in as short a time as possible.
But, it won’t necessarily be as good as it could be, if you were to add just a few more layers to your “listing lasagna”.

The “extra” layers.

While the first three layers are more or less non-negotiable, and will most likely get you as close to the highest offer as possible, as quickly as possible, you may want to consider these extra layers.
Adding these into your mix will increase your chances of getting the highest and best offer possible, as quickly as possible.
1- Hiring an agent who knows and understands the market.
2- Hiring an agent who is a strong advisor.
3- Hiring an agent who can negotiate.
4- Hiring an agent who keeps things together.

Knows and understands the market

It’s easy enough to hire a real estate agent. There’s plenty of them. But, you should really make sure to hire one who truly knows and understands your local real estate market.
You want one who can analyze the activity on your house, and the overall market, so that the agent can…

Advise you

There’s a lot of talk about selling homes “as quickly as possible”. The key words there are “as possible”.
Sure, you and your agent want your home to sell, and sell quickly. But “quickly” depends on the market. And you want an agent on your side who, after analyzing the market and activity, can advise you on what to do…
Should you stay firm on your price and just be patient?
Should you lower your price? If so, how much?
Is there something you can change about your house that buyers are getting hung up on? If so, is it worth doing, or will the cost be too much for it to make sense?
There’s way more than that to list, but those are just a few examples of advice your agent should be relied upon for, and be able to provide to you.

Negotiate

This is another thing that gets a lot of lip service. But an agent who negotiates well is a huge asset.
Sure, you want one that will negotiate a “win-win” enough to make a deal come together. But, you really want one that gets you the fatter end of the win. And that isn’t always just about price.
A good negotiator will get you the best price and terms.
And, more importantly, it’s important to have an agent who will…

Keep the deal together

There’s a lot of time, and a lot of things that can lead to a deal falling apart between signing the deal and a closing.
Things go wrong. People get cold feet. Buyers get greedy and ask for credits and repairs, or threaten to bale on the whole deal. Appraisers throw their opinion into the mix.
Again, just to name a few examples… but there are so many things that can make a deal fall apart.
Having a strong agent on your side, who can almost predict and nip problems in the bud beforethings get out of control, is a huge layer to add to your listing lasagna. And, if things do get dicey, you want an agent who can wrangle it all in and get things back on track.

Looks can be deceiving.

People often look at selling a house as pretty simple. And the truth is, it is pretty simple…in terms of the first three layers.
But that doesn’t necessarily make the best “lasagna” possible. It might look OK enough to be called lasagna, but it’s not gonna be quite as tasty as it could be, if you take enough care to add the next four layers.
Source: http://www.bestrealestateblog.com/selling-house-like-making-lasagna?m=JnojPGPgYwNqRUqKIeuc

 

 

Getting your home ready for a home inspection

Your home is usually your largest asset. A buyer’s agent will use an inspection report to re-negoicate the terms of the contract. With a little preparation you can avoid further negotiations (price reductions and repair credits) or “deal breakers”.

In most cases cosmetic issues and normal wear and tear usually don’t have to be fixed. That doesn’t mean the buyer won’t want a paint credit to cover a purple wall :).
That said, there are issues that come up that involve structural defects, building code violations, or safety issues. These are issues that can impair or make financing on your home conditional on repairs. As a seller you don’t have to complete any repairs or offer credits in lieu of repairs but keep in mind that it’s always better to negotiate. If your current buyer has a problem with it, you will most likely have issues with other future buyers. If your contract is cancelled and you have been given a copy of the inspection report, you must disclosure this inspection report to future buyers. 
Below you will find the most common items that come up during an inspection report. Keep in mind that every home is different and this is not an all encompassing list but it’s a great starting point. For more info on a home inspection
When preparing your home for sale keep in mind: Repair, Replace or Remove
  • Repair when ever possible. It will usually cost you less to repair in advance than it will after inspection.
  • Replace if it’s a necessary component of the home (such as roof shingles)
  • Remove if broken and not a necesary home’s component (example: a non functioning ceiling fan)
TOP 5 ISSUES
1. Plumbing
Major issues will include plumbing leaks under the foundation. This issue will require a plumber to find the leak with a camera then they have to dig a trench under the slab foundation to repair the leak. This is very costly and can be a deal breaker for most buyers. More info on slab leaks
Other issues include:
Leaks – If it’s leaking, fix it. This is usually a cheap fix that can be more costly after an inspection. Remember to address any water damaged caused by these leaks.
Water Pressure – A home inspector will check water pressure by turning on multiple faucets and flushing toilets at the same time.
Backed-up lines – does water flow well down the drains? A home inspector will fill up the sinks and bath tub and then release the water. Slow draining water in sinks and bathtubs usually means there is a clog somewhere. If the water is slow to drain, have the drain checked. There might be a backup
2. Electrical
Serious electrical issues on a home inspection report can include things like faulty wiring, old wiring, bad junction box connections, spliced wiring, and defective electrical panels. If you think there is an issue in these areas, it’s best to have an electrician check them out.
Electrical codes change constantly so you won’t be able to avoid all issues. Before listing your home check to see if all electrical outlets are working. Replace burned out light bulbs. Replace non-working light fixtures. Do you have GFCI outlets in wet areas?
3. HVAC
We can not live without air conditioning in the Houston metro area. During a home inspection, the inspector will visually check the units and the furnace.  Common issues will be rusted pans, clogged drain lines, not enough walkway space to and around the units, dirty filters and temperature differential (Large gaps in temperature differential can signal a potentially major problem to the HVAC system).
I’d recommend to have your HVAC serviced before listing the home. Almost every inspector will request that the HVAC system be serviced. Might as well do it in advance.
 
4. Foundation
Most homes in the Houston metro area are on pier and beam or the slab (concrete) foundation. Most homes in our area will have foundation issues at some point. Most of the soil in Houston has a high content of clay, which is usually very sensitive to moisture fluctuations. Water will make the soil expand and drought will make the soil contract. The contraction and expansion in the soil under a home causes the house to settle, shift, crack and potentially move.
Concrete does not give much without breaking. Signs of potential foundation issues: sloping floors, difficulty opening and closing windows, doors not latching properly, separation of brick from the home, large sections of missing mortar from the brick, etc. If you are concerned, let’s chat about your options.
One thing you can address that shows up in every report is grading. The soil (mulch/rock) around your foundation should slope away from your foundation not towards. A slope away from the foundation will allow water to flow away from the foundation and not pool along the foundation. The concrete foundation should not be completely covered by soil, mulch or rock. More info
5. Roofing
A roof can be a major issue and could deter financing. Certain loans will require that the roof have a certain number of years life left in it. Redflags:
  • Evidence of prior leaks. The decking is the plywood layer of roofing to which the felt and shingles are attached.  You (and your inspector) can visually inspect the decking from the attic where the underside of the plywood will be exposed.  Large water spots, dark areas, and rotted plywood will be evidence of a prior leak.
  • Missing Shingles. The inspector should physically climb onto the roof and “walk it” to inspect its condition or they will position a ladder close to the roof to visually inspect the roof with binoculars.
  • Loose or missing nails on shingles
Other smaller red flags:
  • Caulking: Caulk every area that should be caulked. Around windows (inside and out), tubs, sinks, showers, counters and backsplashes.
  • Foggy windows. Double pane windows have a gas within the two panes. This gas with time will escape and cause condensation within the two panes. For more info
  • Sprinklers: Run your sprinkler system and adjust or repair any broken sprinkler head.
  • Wood rot in the exterior of your home. This problem is best to remedy before you put the home on the market. There are types of loans that will not permit financing until this is repaired.
  • Exhaust fans: In the past builders would vent the exhaust fans into the attic. New codes don’t allow this because in theory the exhaust fans could be pumping moisture into the attic.
  • Window: Missing screens, windows that will not open or close properly. The windows must open for safety.
  • Chimney: is it gas fireplace? does it work? Do you need a key to turn on the gas? Do you have the key?
  • Doorbells: Does it work?
  • Water heater: The T&P values on your water heater are recommended to be changed every 3 years. For more info on this
  • Appliances: The stove, dishwasher, microwave and range typically stay with the home unless it’s excluded. Do they work?
  • Pests: do you have pests? I would recommend you treat your home before putting it on the market. Check for termites. This can be a big expense to treat. For more info

Progressive Open House – March 18, 2018

Join us for 14 property tour in Lakes of Bella Terra this Sunday, March 18, 2018 from 1-4pm. We will be serving snacks and refreshments. Each time you visit a property, you will be entered into a gift card drawing!
Lakes of Bella Terra is a beautiful community located at the corner of Westpark Tollway and Hwy. 99 in Richmond, Texas.
Enjoy a resort style living with miles of walking trails, junior olympic pool, water playground, tennis courts, volleyball court, fitness center, soccer field and dog park.
Minutes from shopping and restaurants. Simply a wonderful place to live!
Ali Palacios
Realtor
Today’s Home Realty
832-418-0670
ali.palacios@todayshomerealty.com

Richmond Texas Community Wide Trail Network

Wouldn’t you love a more pedestrian/bicycle-friendly community?

Having the opportunity to travel all over the Houston metro area, the one thing I envy about the inner loop area are the bike and walking trails implemented throughout the city. I wish we had better trails near by and I really wish they were all linked!.

It looks like Richmond is working on it. I know that this is a long way away but I’m happy it’s being considered. For more info check out the link below.


 

 

For more information