Compass Greater NY, LLC
Ann Marie Damashek, GRI, CBR, SRES, Compass Greater NY, LLCPhone: (917) 623-0624
Email: [email protected]

Getting Your Home Ready for Sale

by Ann Marie Damashek, GRI, CBR, SRES 10/13/2019

Getting your home ready to sell involves more than just packing all of your property in boxes and leaving. It begins right from the time you move in. Often it even starts before you buy another home. Many people rely on money from the sale of their home to buy their next home. If you are in this category, beginning the process early will help increase your profits.

Do not panic; this article will walk you through the entire process. To start with, there are some improvements you can make to your property to make it sell faster. This is what you will see throughout this article.

Improvements You Should Make on Your Home

Almost all homes require some extra love and care, and this is the reason why you need to start this process early. The kind of improvement we are talking about here are those things that will bring up the value of your home. 

How do you do it?

First, critically look at your house and take inventory of all the repairs needed. Spend around two weekends to looking for easy things such as touching up paint and patching nail holes, but plan for more time to check out more substantial projects like the roof or foundation.

The critical areas of your home are the kitchen and bathrooms, so start your improvements there first. Updating these areas of your home can include replacing hardware, painting the cabinets, or hanging new light fixtures.

You should keep an eye out for anything you think might need a bit of work while making these improvements. These improvements should not cost you millions of dollars, but completing these repairs before you list your house for sale will show that you are able and even ready to make more money on the home.

Find out the Fair Market Value of Your Property

The fair market value of your home can best be described as the price that a home buyer would pay readily without any pressure from outside sources. The price can be influenced by many factors such as the appraisal, tax assessment, and homes in that area.

  • The bank or the buyers' lender usually completes the appraisal to ensure the value is in the home before they buy the property.
  • The tax assessment is an estimated value based on information the government has on your property without really seeing the inside of your home.
  • Finding your house's value based on others in the area is referred to as a Comparative Marketing Analysis (CMA).

Comparative Marketing Analysis

A CMA looks at properties that have the same square footage and similar features to determine a sale price for your home. A full CMA also considers some other factors such as houses that have been sold recently or those that listed for sale at the moment, their duration on the market, and how they compare with your listing.

The value of your property may rise and fall depending on a lot of things: the area, the local market, and the season in which you are trying to sell to name a few. It is good to have a real estate agent who knows your particular area complete your CMA. They have a more complete vision of the market you are in and will be able to price your home cleverly at the spot where it will sell fast for the highest value.

Selling your home can take a toll on your patience if you are not prepared beforehand, but knowing and completing these steps in advance will make the process a smooth one. So, get out there and get your house ready for sale!

About the Author
Author

Ann Marie Damashek, GRI, CBR, SRES

Ann Marie Damashek has always been a natural at helping people prepare their homes for sale. She started out with a successful business selling goods for people on eBay. "Nine times out of ten they were hiring me because they were down-sizing,” Ann Marie says. "So I decided to get my license. I said, ‘Might as well sell their house too.’” The transition was a smooth one and for nine years she’s had a thriving full-time real estate business that allows her to marry her entrepreneurial spirit with her passion for helping others. With an office in Larchmont, New York, she serves all of Lower Westchester County, with her primary market in the Sound Shore region. The majority of her business is "sphere of influence” with former clients referring her to friends and family. A gifted communicator, Ann Marie quickly builds trust and rapport with her clients by being both thoughtful and responsive; she understands that during the purchase or sale of a home, a quick response time is crucial. "I am very accessible,” Ann Marie says. "I always make time for my clients. They can call me, text me, email me up until 10 o’clock at night and I will respond. I’m available on weekends. I get back to people very promptly. I’m very customer service-oriented.” Her clients appreciate her professionalism, passion and enthusiasm and as a result her repeat and referral rate continues to grow each year. While selling real estate is serious business, Ann Marie knows that at times humor and a moment of levity can be a relief to clients. While she has a laidback and easygoing personality, she can be assertive when needed on her clients’ behalf. She loves being of service to them, and the continually changing nature of the work keeps her engaged and fulfilled. "It’s never boring,” Ann Marie enthuses. "Every day is different. That’s probably what I like most about it. But I also enjoy helping people sell or buy and educating them about the process. I love helping them achieve their goals.” This ethic of service has resulted in well-deserved recognition. Ann Marie has received the Westchester Magazine Five Star Real Estate Agent Rating four years running, in 2015 and 2016 she was the #1 agent in her office, and she’s a Zillow 5-Star Premier Agent. To keep in touch with former clients, Ann Marie sends cards to mark special occasions or reaches out via email. To market her listings, Ann Marie uses Multiple Listing Services (MLS), as well as Listingbook.com, a service that allows both agents and their clients access to MLS data. She also uses a Facebook business page and ads to boost new listings or promote upcoming open houses. "That drives a tremendous amount of traffic,” Ann Marie says. She also uses the most popular real estate websites such as Zillow and Trulia. A strong believer in giving back, Ann Marie sits on the Board of Trustees of her church and is involved in a variety of social justice projects. She’s affiliated with Furniture Sharehouse, a furniture bank for Westchester County, which collects and distributes gently used furniture free of charge to those in need. "I love it on so many levels because as a realtor, it’s helps my sellers downsize through charitable donations. I like the environmental aspect of it as well. And it helps people who truly need things.” She’s also involved in Impact 100, a women’s philanthropic giving organization. In her free time, Ann Marie enjoys gardening, traveling, and spending time with family and friends. For the future, Ann Marie wants to continue expanding her business and developing her brand, and she someday hopes to grow a strong team. But her main goal is to stay in the real estate business, helping her clients to achieve their dreams.