Seattle Real Estate: What if You Have to Sell Now?
If there are fewer homes for sale these days in Seattle land, perhaps there are still a few too many. Those sellers who are testing the market just to see “what they can get” should wait for better days. If you don’t have to sell now, don’t.
But what if you have to sell?
First, be clear about one thing: it’s not what you need to sell your home for but what somebody else will pay for it. Second, make it the most attractive home in the neighborhood.
Don’t D-I-Y (Do-It-Yourself).
In a declining market that favors buyers you need all the help you can get. Get an agent and get a good one. Interview a few on the phone and describe your situation. Ask for two referrals from recent clients and call them. Then ask two or three agents to come to your home and present their plans to sell your home. If you have a hard time deciding between two agents based on their qualifications and plans pick the one you like better. You’ll be spending some time together.
You and your agent are a team.
Regardless how good your agent is, your input and cooperation are essential. Don’t hide anything from your agent. If you disagree, speak up.
Do your homework.
What other homes are for sale in your neighborhood? How long have they been on the market? Have your agent show you the homes for sale. Look at the competing homes as if you were a buyer. Then go home with that mindset.
Check the record.
What is publicly known about your home? Check the county records. If the data is wrong correct it. Your latest room addition is not there? Still saying septic tank when you’ve connected to public sewer line? You can correct this online via a request to the county. Also, check and see what Zillow.com “thinks” your home is worth. You may disagree but that’s what the public sees.
Make lists.
There is nothing your agent should not know about your home. When someone calls and asks about the age of the water heater or the nearest daycare center the answer should never be “I don’t know” and rarely “let me check.” Make lists about the home top to bottom and by time line of ownership. Collect all receipts for repairs and improvements. Make lists about the neighborhood facilities. Know driving distances to everyday conveniences and the nearest bus stop. Bookmark all related websites.
Clean up.
Prepare the place as if you where going to invite a potential buyer tomorrow. Don’t just clean but make it spotless. Touch up, repair, paint, air out. Get rid of the clutter, including in closets. Rent a storage place for everything you can’t part with (yet). Move or remove furniture when there’s a chance to bump into it. (Do the “penguin walk” test, swaying side to side.) If you have a pet plan ahead of how best to make yor dog or cat “invisible” to visiting agents and buyers.
Be patient.
Don’t put your home on the market before you and your agent are ready to sell. A first bad impression is hard to correct.
Know what your agent sees and does.
Once your home is listed for sale have your agent show you in print or online whatever and wherevever your home appears as being for sale. Print a copy and check it for mistakes. Remember, you are a team. Make suggestions for improving the presentation. There’s a difference in what other agents can see and what the public sees about your home. You need to see both.
Ask to see the stats.
There is an agent hit counter on the MLS and sites like Zillow.com and Trulia.com let you know how many people have viewed your home online. Same is true for your home’s special website that your agent has created.
“Google” your home.
Pretend you live on the East Coast or abroad and you are looking for a home like the one you have to sell. Forgive your agent if it doesn’t show up on page one for “Seattle homes” but ask him why it doesn’t show up for a more specific neighborhood term like, for example, “Redmond homes near Microsoft.”
Prepare to drop the price.
You’ve agreed with your agent on the initial listing price. That price is realistic and reflects your motivation to sell (which only you and your agent should know). You should have agreed at the same time on the next lower price and the reasons and timing for lowering the price. Have your agent prepare at the outset “Seller Net Proceeds Estimates” for several price points.
Leave the lights on.
Make it easy to see your home. Be ready to leave on a moments (30 minutes) notice. Leave the lights on and perhaps the radio on at low volume (you are not trying to cover up external noise). Make sure there are enough flyers inside and outside. If there’s something noteworthy directional or feature cards on the walls should guide the visitor — “Bonus Room above Garage” or “Brand New Furnace”.
Bur wait, there’s more!
Yes, there always is. This is not an exhaustive list by any means but it should get you start thinking and checking in case you have to sell now. One final thought: stay positive; don’t let the negative news get you down. If you believe in prayer, do pray. Remember, you may have to sell, but there are also buyers who have to buy.


[…] Gerhard wrote an interesting post today onSeattle Real Estate: What if You Have to Sell Now?Here’s a quick excerptIf there are fewer homes for sale these days in Seattle land, perhaps there are still a few too many. Those sellers who are testing the market just to see “what they can get” should wait for better days. If you don’t have to sell now, … […]