Home Selling Series, Part Three: Home “Hot Buttons” Which Appeal to Buyers

In this last installment of the Home Selling Series, discussion will revolve around elements about a home sellers don’t normally think about highlighting, which buyers get really excited about. Tara calls these items “hot buttons” in her article 5 Things You Didn’t Know Could Get Your Home Sold (and Why Buyers Should Think Twice Before Biting!).

The definition of hot button is, “Something that elicits a strong emotional response or reaction.” Because of this strong emotional response in buyers, if a home possesses one, or more, of these elements it should be mentioned in marketing material, if at all possible.

Number one on the list of desirable attributes is the proximity of the home to local favorites, like a Trader Joe’s, Whole Foods, Costco, a popular coffee shop or farmers market.  Tara explains the psychology behind the appeal, “This specific location factor vividly colors in a buyer’s mental image of strolling a block or two over to do something they already like – or need – to do very much, and very frequently.” In the greater Seattle area, the home’s proximity to bike/walking trails,  public transportation hubs, dog parks and book stores/libraries might be quite attractive to potential buyers. Sellers, discuss with your agent what local favorites, close to your home, could be attractive to potential buyers, and how to best highlight the information.

Staging the outdoor spaces around the home makes number two on Tara’s “hot button” list.  Intimate, delightful patios, balconies overlooking green spaces, bbq areas and interesting porches stimulate thoughts about outdoor entertaining.  By taking the time to create thoughtful environments in the outdoor space, sellers may be able to create for potential buyers images of themselves drinking coffee and reading on that balcony, or entertaining on that patio.  Day dreams about outdoor fun is alluring, and staging the outdoors around the home may capture potential buyers’ attention.

Light, bright rooms are usually more inviting.  Have the window coverings seen better days? It might be to the sellers’ advantage to save the cost of replacing curtains and blinds by getting rid of them altogether. The third “hot button” element discusses how windows without coverings may help a home appear lighter, more spacious and inviting to buyers. If ditching the window coverings sounds like a good idea, sellers will need to consider the direction a room’s window faces. The light streaming in a window highlights a room, the color of its walls and the furniture, differently depending on the direction the room faces. Before chucking the window coverings into the garbage, remove them for a few days as a trial run. Does the light streaming in compliment the coloring of the room?

Number 4 on the “hot button” list is the appeal of built-in shelves, nooks and crannies.  These handy areas help build the image of a more organized lifestyle in many buyers’ minds.  There is something sophisticated about book nooks. Useful places to store board games, crafting supplies and other hobby items gives hope to buyers currently living in apartments lacking the space for such storage options.  If a home contains under-utilized, uniquely shaped niches, sellers might consider adding shelving. How about that space underneath the stairs? There are many ways sellers can update the space beneath stairwells. Of course, sellers will want to keep in mind renovation costs when considering pre-listing home projects.

The strollability of a neighborhood shopping district is the final “hot button.” The stores’ proximity to the street can be very important to potential buyers. Tara mentions that studies of neighborhood WalkScores have discovered a correlation between higher WalkScores and an increased value of a neighborhood in the eye of buyers. Since these walkable shopping areas often have a name, it’s easy to highlight this important detail in the home’s marketing material.

By keeping these five emotionally enticing elements in mind, and approaching a home like a potential buyer, sellers can feature a home’s most positive housing-related traits. The strong emotion associated with these “hot buttons” might push a great home into the spot of THE home in the eyes of a buyer. The seller’s agent is the perfect resource to help select which elements would be best to highlight in the home’s marketing material.

Complete Closure of 405 in Bellevue: 4/1/11 to 4/4/11

http://wsdot.wa.gov/NR/rdonlyres/6AF598AD-03E8-40D2-ACF4-612DDF63207A/0/405RAMPdetourLARGE.pdf
UPDATE 4/3/11: NE 12th Street Bridge will have limited reopening Monday morning, due to damage sustained over the weekend. This does not effect the scheduled reopening of I-405.

Due to the scheduled removal of the old 12th Ave bridge, which spans the freeway, I-405 will be completely closed in downtown Bellevue April 1st to April 4th. I-405 will be closed both direction from NE Eighth Street to SR 520.

From the WSDOT:

“Crews will close I-405 in both directions between NE Eighth Street and SR 520 from Friday, April 1 at 11 p.m. to Monday, April 4 at 4 a.m. Crews also will close NE 12th Street from 112th Ave. NE to 116th Ave. NE and many area ramps during the same weekend.”

Businesses in downtown Bellevue will be open during the 405 closure. There will be detour routes in place, but plan extra travel time to accommodate for heavy traffic on these routes. If you don’t need to drive to downtown Bellevue, it will be best to avoid the area.

The DOT also states to plan for traffic delays through out the region, as extra traffic is pushed out onto other freeways and side roads. The Tukwila area will be experiencing road closures at the same time, due to the Southcenter Access Project. The Tukwila closures will further impact regional traffic.

How will the 405 closure impact your weekend plans? Will you still drive to Bellevue using the detours? Or will you completely avoid the area?

A Little Reminder of Yesterday’s Incredible Sunshine

Look at how gorgeous Lake Washington is on a sunny day! This photo, taken on the west side of the island, gives a glimpse of how lovely the Mercer Island community is.

Photo courtesy of Erin Ewing.

Home Selling Series, Part Two: Creating an Inviting Home Atmosphere

In Part One of the Home Selling Series, we discussed behaviors which turn off buyers, and how sellers could avoid those behaviors.  In Part Two, of this three part seller series, we’ll discuss which home aesthetics can turn off potential buyers— and how to avoid these appearance pit falls when selling a home.

Tara shared three ways a home’s appearance might turn off buyers in her article 6 Things That Turn Home Buyers Off (and What Sellers Can Do To Prevent It)!. Two involve how the home is viewed during showings and the third involves marketing appearance. The terrific news for sellers: it is not difficult to avoid all three turn-offs!

A home which is not in the best shape, is dirty, smelly, or stuffed to the gills with personal belongings, will not show well (number 2).  This buyer turn-off seems to be a no-brainer, but it never hurts to make mention of this fact. It will pay off for sellers to give a home a deep cleaning, and de-clutter, prior to listing.  Purchasing a home is always one of the most important purchases people make.  Purchasing a home during the economic climate our country has experienced in the last two years is an incredibly dear purchase, one that buyers are making only after very careful consideration. Presenting the best possible first impression to buyers is extremely important.  A home which has been meticulously cleaned prior to listing will show better.

What are sellers to do, if their house needs some TLC before putting it on the market?  The perfect place to start is to do an audit of the home. Here’s a checklist sellers can use to perform the audit, and determine what items need to be spruced up. If the home contains carpeting, and pets have occupied the home, it may a good idea to neutralize any pet odors trapped in the carpet. [Note: When vacuuming wet carpet always use a wet/dry vacuum, which is set up to handle vacuuming up water]. If any floor coverings are going to be replaced, and pets lived in the home at some point, this video explains how to clean the subfloor to neutralize any pet odors which may have penetrated it. Natural light always brightens a room. It will also freshen it up.  Sunshine, it turns out, is not only a natural stain remover, but also helps fight odor causing germs because UV light kills some germs and dust mites.

After doing an audit of the home, sellers may want to do some upgrades to increase the appeal of the home.  Repaint walls with neutral paint colors, and consider replacing flooring with hardwoods rather than new carpeting, to create a “blank canvas” for potential buyers. Neutral colors can help buyers visualize how the home fits their lifestyle. Consider skipping major upgrades to kitchens and bathrooms.  A big buyer turn-off is a new, highly personal upgrade which they do not find appealing (number 5).  Buyers do not want to be wasteful and immediately replace a new upgrade to a home, especially if they think the list price of the home reflects the cost of the recent upgrade. In the theme of the “blank canvas,” it might be more appealing to buyers if you purchased new, energy efficient appliances for the kitchen rather than completing a full remodel. Replacing the home’s front door is a simple, cost effective project which currently gives sellers the best return on investment. First impressions and curb appeal mean a lot!

Once the home is prepped for sale, and an agent is selected to work with, sellers will begin the listing process. Along with all the paperwork involved in listing a house for sale, the home should be photographed for flyers and online marketing. The first introduction to a listing is often through the photographs potential buyers look at online. It is a huge buyer turn off (number 6) if the photos are odd or unappealing; it’s even worse if there are no photos of the home at all. Tara mentions in the article a listing which featured a lovely green front lawn, and in the photo of the front yard the family dog is doing his “business” right on the lawn! Sellers, take the time to go over the photos being used in your home’s marketing material— for both the print and online advertizing. Work with your agent to help stage the home for the photos, and ask your agent to photograph the home on a sunny day, if possible. This way the home’s natural lighting is nicely featured in the listing photos.

The final installment of the home selling series will discuss housing related “hot button” information which buyers get excited about— and how sellers can use this information to attract potential buyers. Stay tuned!

February Posts Nice Volume Gains!

February shaped up to be a spectacular month for pending sales volume! High pending sales coupled with lower active inventory resulted in marked improvements of the Months of Inventory and the Absorption Rate ratios. With pending sales double that of February 2010, the numbers clearly reflect the buzz we have been feeling and seeing in the marketplace.

 February’s numbers do show lower sales prices, however, when one factors out the bank owned and short sale properties, sales prices have remained very stable. As the activity we are seeing on non-distressed properties continues to increase we will likely see the average sales prices increase somewhat to more truly reflect the mainstream marketplace.

Home Selling Series, Part One: Creating a Positive Psychological Environment for Potential Buyers

If you are thinking of selling your home, or are in the process of selling, take a moment to read 6 Things That Turn Home Buyers Off (and What Sellers Can Do To Prevent It)!, on Trulia . In this article, Tara identifies  six behaviors and home appearance issues which can deflect buyers.  Most valuable, however, are  the reasonable, concrete suggestions for sellers she offers in the article, to help avoid these six common pit-falls.

Let’s discuss right now the three  turn-offs  which involve how the sellers interacts with buyers. The deflective behavior may occur in person,  through marketing material or online information. Thankfully, these pit-falls can be averted through diligent background work, trust, flexibility, emotional management and honesty on the seller’s part.

Not surprisingly, Tara lists “stalking” potential buyers during a showing as the number one turn-off. Potential buyers need to experience the house they’re viewing; they need to imagine themselves interacting with their family and friends within the home. The personal space to discuss the merits, and detractions, of the home is essential to the buying experience. Tara even notes, “… the more nitpicky a buyer gets about a house and the more detailed their list of things they would change, the more serious they are about considering making an offer…” As difficult (and disruptive) as it may be for the sellers, leaving the home for showings is one of the best gifts they can  give themselves. Let the house and grounds, along with the listing agent’s presentation materials, do the “talking.” Any questions potential buyers have will be followed up by their agents with the listing agent.

What things can sellers do to make home showings easier to mesh with their schedules, and emotions?  Having  pre-made meals in the freezer prior to listing helps.  Sellers maintain their family dinner time, with some flexibility, and reduce cooking odors, by serving pre-made meals. Planning a special treat to indulge in may take the emotional edge off of showing.  How about an exercise class, coffee with a friend, or a nice long walk?  Taking the family dog on a walk, or to the local dog park, is not only a special treat, but also removes the pet from the home during the showing. Sellers might also consider hiring someone to help clean the home during the sale process.  The extra help, especially if work schedules keeps the sellers away from the home for long hours, is a priceless stress buster.

The next turn-off (number 3) involves the home’s list price. Over-priced homes are not attractive to buyers, period. Sellers can avoid this pitfall by doing their home work. They need to learn what the realistic  current market value of their home is, by investigating what comparable homes are selling for locally. Sellers should attend  open houses in  their neighborhood and request a current market analysis for their home from multiple agents.

Sellers should ask friends and relatives for referrals, and interview potential listing agents. Finding an agent with realistic, up-to-date knowledge of the local real estate market is imperative.  If a seller discovers that what is owed on the home is more than what comparable local listings are selling for, the next step is to discuss seriously what would be better for their current situation:  a short sale, or holding off on listing the home.  Overpricing a home, then letting it sit on the market, is not a viable solution.  Emotions and stress can impact how a seller navigates the  list price step in the sale process; by working with a knowledgeable real estate professional and honestly examining  the realities of home sales in the area, the emotional aspect for sellers can be lessened.

Situations which cause buyers to feel misled also creates a huge turn-off (number 4).  Sellers will avoid this pitfall by being honest and forthright at all junctures of the sale process. The listing agent the seller picks to represent them needs to be an honest, knowledgable professional. This is why taking the time to find the right agent to work with is so important when considering a real estate transaction. It will serve sellers well to double-check how the home’s online and print marketing material is written, and correcting mistakes before it goes live.  Being honest about the short sale status of the home is important.  Avoiding this pitfall also involves the “golden rule”— treating others how you would like to be treated if in the same situation.  Sellers need  to make sure the ultimate goal, the sale of the home, does not cloud their judgement about how to represent their home to potential buyers.

Next in this three-part series for sellers is discussion of the three home appearance turn-offs which can deflect buyers. Stay tuned!

Mercer Island Rotary Half Marathon: Race Day, Sunday, March 20, 2011

MP900384941The Mercer Island Rotary Half Marathon is two weeks away. Race Day is Sunday, March 20th. An annual island event, the Mercer Island Rotary Half Marathon benefits Colon Cancer Awareness and Prevention and the Mercer Island Rotary Foundation. 100% of fundraising donations raised for this event benefits Washington Colon Cancer S.T.A.R.S.. After the event expenses are paid for through registration fees, any leftover monies goes to the charities supported by Mercer Island Rotary Foundation.

Registration is going on right now. Participants who want to register by mail must postmark their application, with payment, by March 14th. Noon on Wednesday, March 16th, is when in-store registration closes. Online registration will be available until noon, Friday, March 18th. In the race FAQs, it’s states that online registration is the best way to register. Last minute registration is available during the Pre-Race Expo and on race day, but participants registering those days will not have the early registration discounts.

March is Colon Cancer Prevention Month. The Mercer Island Rotary decided to make colon cancer prevention the focus of its annual half marathon, as a tribute to island resident Susie Lindquist Mjelde , who lost her batter with colon cancer in 2002. Part of Susie’s legacy, in trying to help others prevent colon cancer and detect it early, developed into Get Your Rear in Gear— a coalition of 5K running events, along with other events, which promote colon health and cancer prevention.