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  Kimberly & Daryl Team
Georgetown Office
1206 30th Street, NW
Washington, DC 20007
Kimberly Casey - (202) 361-3228
Kimberly.Casey@sothebysrealty.com
Daryl Judy
- (202) 380-7219 Daryl.Judy@sothebysrealty.com
Welcome Sellers
 
Sellers Plan
Typical Seller Costs
Home Selling Tips
Moving Checklist
   
 
SELLERS PLAN
For most people, selling their home is a BIG decision, financially and emotionally. You have questions and the whole process feels overwhelming . . . but selling your home doesn't have to be stressful, and choosing the right REALTOR® can make all the difference.

We will market your property to other real estate agents and the public. Often, we can recommend repairs or cosmetic work that will significantly enhance the salability of your property. We market your property to other real estate agents and the public. In many markets, over 50% of real estate sales are cooperative sales; that is, a real estate agent other than yours brings in the buyer. We act as the marketing coordinator, disbursing information about your property to other real estate agents through our local Multiple Listing Service, MRIS, and other cooperative marketing networks, open houses for agents, etc. The REALTOR® Code of Ethics requires us to utilize these cooperative relationships when they benefit their clients

We know the market and understand when, where and how to advertise your property. There is a misconception that advertising sells real estate. The NATIONAL ASSOCIATION OF REALTORS® studies show that 82% of real estate sales are the result of agent contacts through previous clients, referrals, friends, family and personal contacts. When a property is marketed with our help, you do not have to allow strangers into your home. We will generally prescreen and accompany qualified prospects through your property.

We can help you objectively evaluate every buyer's proposal without compromising your marketing position. This initial agreement is only the beginning of a process of appraisals, inspections and financing -- a lot of possible pitfalls. We will help you write a legally binding, win-win agreement that will be more likely to make it through the process.

We will help close the sale of your home. Between the initial sales agreement and closing (or settlement), questions may arise. For example, unexpected repairs are required to obtain financing or a cloud in the title is discovered. The required paperwork alone is overwhelming for most sellers. We are the best people to objectively help you resolve these issues and move the transaction to closing (or settlement).
CHOOSE THE RIGHT LISTING AGENT
Not all real estate agents work the same way.  The most important attributes of a listing agent are:
Sells real estate FULL-TIME!  Selling your home is a full time priority and your agent needs to be available to you and prospective buyers.
Knows the market – what is currently listed and the history of properties to lend valuable perspective when it comes to pricing and positioning.
Understands your needs and will be honest and assertive with you and buyers/buyer’s agent.
Has extensive LISTING experience – since working with buyers requires a different skill set/approach.
Has a track record of investing in marketing – and will provide a comprehensive written  marketing plan for your home.
Provides advice on how to stage your home to show at its best and recommends aesthetic updates that will significantly increase the perceived value of your property.
KNOW WHY YOU ARE SELLING
If you know why you are selling, it is easier for you and your agent to determine a plan of action to get exactly what you want.  For instance:  if you need to close a sale as quickly as possible, then you should know that getting the highest price is not your highest priority.  This does not mean that you won’t or can’t get the highest price, but there may be tradeoffs as you decide between an offer with a lower list price and quick close versus a buyer with a full price offer requesting a 60 day settlement.
So, identify your "bottom line" price upfront (i.e. the lowest price you will accept from a buyer). Although this figure should never be disclosed externally, it is important information that we will use to determine an optimal pricing strategy and negotiating position. Even though you should consider all offers and take into consideration the total terms of each (i.e. price, settlement date, financial qualifications, contingencies, etc.) knowing your bottom line saves time by eliminating low-ball offers and enables us to determine the proper tactic to get what is important to you in the negotiation.
IMPORTANT LESSONS LEARNED
These are few important lessons to remember as you prepare to sell your home:
Buyers want to see and agents want to show houses that are good buys
 
FACT:  A buyer is more likely to make a full-priced offer on a home that is priced right, before making a low offer on a home that’s priced too high.
FACT: Houses that remain on the market a long time tend not to be shown.
Be willing to make smart investments in important aesthetic elements of your home.
 
A good first impression can influence whether a buyer writes an offer or not.  For example:  invest in landscaping – curb appeal matters.
Fix things that could be considered “red flags” (i.e. leaks).
Invest in important aesthetic updates (i.e. painting, floors, minor kitchen and bath updates, etc.).   Your return should be at least double the expense.
Your cost or profit desire is irrelevant.  The market determines the price.
 
It is very difficult for a seller to evaluate their home objectively.  In a balanced market, it is important to determine the fair market price of your home given it’s location and condition relative to other properties currently active.  Historical comparables are much less relevant since the market has cooled.
Assume the buyer is educated, savvy and has done their research
Houses that are marketed well will move fastest and garner the most money
 
Open houses seldom sell houses – they generate interest/buzz when first listed, however, 95% of homes are sold as the result of an agent or buyer inquiry thru the internet lead.  It is better to have a few qualified buyers touring your home than large numbers of random people, most of whom are not actively househunting.   
Networking with agents and advertising via the internet and targeted print publications has been proven to yield the most results.
AGGRESSIVE MARKETING IS A MUST!
You are paying a listing agent commission to ensure that your home is professionally marketed.  Properties that are not marketed aggressively within the first few weeks of listing, tend to stay on the market longer, become stale and garner lower price offers.  Marketing is our background and one of our FAVORITE parts of the job.  We develop a comprehensive marketing plan for each property, tailored to the type of buyer that will most likely purchase the property.  This plan gives us a road map – so that we are on the same page with regard to activities and expectations – and will likely may include the following advertising mediums:
STAGING/POSITIONING
Home staging consultation
Quality photography
Virtual tours
Detailed professional brochures
Financing information
Floor plans (as needed)

PRINT ADVERTISING
Daily Newspapers – for open houses, the Washington Post
Targeted Weeklies – The Currents, Georgetowner…
Monthly Local Magazines – Washingtonian, Washington Life, The Diplomat, etc.
DIRECT MAIL CAMPAIGN
Just Listed Cards
Custom Campaigns
AGENT NETWORKING
Email campaign sent to database of upper-bracket agents (approx. 2000)
Frequent Flyer campaign to regionally targeted agents
Preview tours for agents prior to listing
OPEN HOUSES
Public Open houses
INTERNET MARKETING
Website Listings
    Realtor.com
    Sotheby's Realty
    TTR Sotheby’s International Realty
    Home Visit
    Homes Database
    Washington Post
    Kimberly & Daryl's Team
   
   
   
   
   
    Open House
 
Each marketing plan is different – but will include a variety of marketing tools outlined above, to attract the target buyer.
 
 
 
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Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Equal Housing Opportunity.
 

 

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