10 Ways to Make Your House More Salable

© 2005 REALTOR® Magazine Online

  1. Get rid of clutter. Throw out or file stacks of newspapers and magazines. Pack away most of your small decorative items. Store out-of-season clothing to make closets seem roomier. Clean out the garage.
  2. Wash your windows and screens to let more light into the interior.
  3. Keep everything extra clean. Wash fingerprints from light switch plates. Mop and wax floors. Clean the stove and refrigerator. A clean house makes a better first impression and convinces buyers that the home has been well cared for.
  4. Get rid of smells. Clean carpeting and drapes to eliminate cooking odors, smoke, and pet smells. Open the windows.
  5. Put higher wattage bulbs in light sockets to make rooms seem brighter, especially basements and other dark rooms. Replace any burnt-out bulbs.
  6. Make minor repairs that can create a bad impression. Small problems, such as sticky doors, torn screens, cracked caulking, or a dripping faucet, may seem trivial, but they’ll give buyers the impression that the house isn’t well maintained.
  7. Tidy your yard. Cut the grass, rake the leaves, trim the bushes, and edge the walks. Put a pot or two of bright flowers near the entryway.
  8. Patch holes in your driveway and reapply sealant, if applicable.
  9. Clean your gutters.
  10. Polish your front doorknob and door numbers.

10 Ways to Make Your Home Irresistible at an Open House

© 2005 REALTOR® Magazine Online

  1. Put fresh or silk flowers in principal rooms for a touch of color.
  2. Add a new shower curtain, fresh towels, and new guest soaps to every bath.
  3. Set out potpourri or fresh baked goods for a homey smell.
  4. Set the table with pretty dishes and candles.
  5. Buy a fresh doormat with a clever saying.
  6. Take one or two major pieces of furniture out of every room to create a sense of spaciousness.
  7. Put away kitchen appliances and personal bathroom items to give the illusion of more counter space.
  8. Lay a fire in the fireplace. Or put a basket of flowers there if it’s not in use.
  9. Depersonalize the rooms by putting away family photos, mementos, and distinctive artwork.
  10. Turn on the sprinklers for 30 minutes to make the lawn sparkle.

What You’ll Net at Closing

© 2005 REALTOR® Magazine Online

To find out how much money you’ll net from your house, add up your closing costs and subtract them from the sale price of the house. Closing costs for sellers include:

  • Mortgage payoff and outstanding interest
  • Prorations for real estate taxes
  • Prorations for utility bills, condo dues, and other items paid in arrears
  • Closing fees charged by closing specialist
  • Title policy fees
  • Home inspections
  • Attorney’s fees
  • Survey charge
  • Transfer tax or other government registration fees
  • Brokerage commission

20 Low-Cost Ways to Spruce Up Your Home

© 2005 REALTOR® Magazine Online

Make your home more appealing for potential buyers with these quick and easy tips.

  1. Trim bushes so they don’t block windows and cut down on light.
  2. Buy a new doormat.
  3. Put a pot of bright flowers (or a small evergreen in winter) on your porch.
  4. Put new doorknobs on your doors.
  5. Put a fresh coating on your driveway.
  6. Edge the grass around walks and trees.
  7. Keep your garden tools out of site.
  8. Be sure kids put away their toys.
  9. Buy a new mailbox.
  10. Upgrade the outside lighting.
  11. Use warm, incandescent light bulbs for a homey feel.
  12. Polish or replace your house numbers.
  13. Clean your gutters.
  14. Put out potpourri or burn scented candles.
  15. Buy new pillows for the sofa.
  16. Buy a flowering plant and put it in a window you pass by frequently.
  17. Make a centerpiece for your table with fruit or artificial flowers.
  18. Replace heavy curtains with sheer ones that let in more light.
  19. Buy new towels.
  20. Put a seasonal wreath on your door.

Does Moving Up Make Sense?

© 2005 REALTOR® Magazine Online

Answer these questions to help you decide whether moving up makes sense.

  1. How much equity do you have in your home? Look at your annual mortgage statement or call your lender to find out. Usually, you don’t build up much equity in the first few years of paying a mortgage, but if you’ve owned your home for a number of years, you may have significant unrealized gains.
  2. Has your income increased enough to cover the extra mortgage costs and the costs of moving?
  3. Does your neighborhood still meet your needs? For example, if you’ve had children, the quality of the schools may be more of a concern now than when you first purchased.
  4. Can you add on or remodel? If you have a large yard, there might be room to expand your home. If not, your options may be limited. Also, do you want to undertake the headaches of remodeling?
  5. How is the home market? If it’s good, you may get top dollar for your home.
  6. How are interest rates? A low rate not only helps you buy more home, but also makes it easier to find a buyer.