Featuring real estate articles and information to help real estate buyers and sellers. The Nest features writings from Georges Benoliel and other real estate professionals. Georges is the Co-Founder of NestApple and has been working as an active real estate investor for over a decade.
Selling a house is like running a small business—it takes time, effort, and money. So far, you’ve had to do many repairs, such as cleaning, painting, depersonalizing, and staging, to prepare it for the market. Good job. But one last step to selling your home before you can relax is listing it. If selling your house is like running a small business, your house is the product. Like any other business, marketing is key to attracting cash home buyers. You hired an agent to handle this process, but they cannot do it alone. You must partner to brainstorm marketing ideas and add personality to the marketing process.
Below, we highlight several listing and marketing considerations and how to do them right.
Pricing is a difficult proposition for most homeowners. Most homeowners often overprice their homes only to have them collect dust on the market. Agents usually compare your home to similar houses in your market to determine the price. Unfortunately, such a comparison rarely gives the actual value of a home.
You should ask your agent to conduct a free market analysis to get close to the actual number. In the analysis, they should create a price aligned with your home’s neighborhood. The market analysis is free since it’s a way of getting you to list the house with them. Once it sells, they’ll receive payment for their time.
Once you get the price right, it’s time to craft the listing description. And since you won’t have the chance to explain the perks of your home to every potential buyer, craft the description in a way that does this for you.
A good listing often includes a description and pictures of the inside and outside of your home. But, creating the perfect listing is easier said than done. Below are some tips to guide you along.
You only have one shot to make a lasting impression and connect with a buyer—make it count.
Many agents make the mistake of using statistical data when writing listing descriptions. However, data like the number of bathrooms, bedrooms, and size of the home are already in the data fields and need no repeating.
Instead, focus on the home’s best features that a buyer might not pick up from the photos. Details like mahogany wood flooring, new kitchen countertops, and new and matching bathroom fixtures will do the trick. Also, if you spend money getting luxury brand appliances, don’t be afraid to flaunt them.
You must be even more creative if your home lacks expensive, new, or standout features.
Homeowners and agents often avoid using creative descriptions for fear of misleading and disappointing potential buyers during a showing. However, regardless of how ordinary your home is, there are always words you can use to spike interest without overselling.
Remember, the purpose of a listing description is to paint a picture for a potential buyer. So, use adjectives in your description that do this and stir a buyer’s emotions. For example, adjectives like clean lines, swanky kitchen, and crisp black cabinets will make a buyer want to see the home.
The challenge is coming up with accurate adjectives for your home. Here are some tips for choosing the right ones.
You’ve got to have to ground the adjectives you use with reality. It helps if your description follows the flow of your home. This way, you can add photos following the same flow. This paints a clear picture of what buyers should expect.
Also, tagging photos with phrases from your description helps buyers know what highlights to look for in every room.
Even as we advocate for creativity in your listing, you should find a sweet spot between overselling and showcasing in the description. Be honest while using attractive words to describe your home’s personality.
For instance, if the backyard has an in-ground pool, a fire pit, and a flagstone patio, you can describe it as ‘resort-like.’ However, if all it has is grass, then be upfront about it. Something like a ‘spacious, lush green lawn’ will do.
Yes, there are legal restrictions to descriptions. You have to be extra careful not to use words that violate the Fair Housing Act. Violating it once gets you a warning, but too many times, it earns you a fine. According to the Fair Housing Act, you cannot use discriminatory language against gender, disability, national origin, color, race, or family status.
Some illegal words and phrases include:
The description you put up can entice or turn off potential buyers. Crafting a good one isn’t easy, but with some creativity and help from your agent, you can nail it.