living the Westside Lifestyle


Sellers Resources

Tips & Insights for Sellers

Whether you’ve lived in your home for a year or a lifetime, the decision to sell can be difficult. You probably have memories and emotional attachments to your home as well as a mountain of possessions that will have to be sorted and moved, or discarded. Just contemplating a move can be enough to discourage some people from putting their home on the market.

But once you decide to sell, you want results. And when you’re looking for results, there are some things to keep in mind:

Work with an agent

A lot of home sellers start out by thinking they will save thousands of dollars if they can avoid an agent’s commission. But in her book, Waging War on Real Estate’s Discounters, real estate expert Bernice Ross demonstrates that “Homeowners who ‘save’ commission costs by representing themselves in the sale of their home typically net 5 to 15% less by doing it themselves.”

In addition to helping you get more for your home, an agent can also manage the details of showings, inspections, offers, negotiations, and repairs while you are focused on getting ready to move.

Let go of the emotion

You may have spent many years and thousands of dollars decorating your house and it may be perfectly beautiful. But buyers need to be able to visualize their furnishings and their own tastes in your home, so your real estate agent may suggest décor changes that will enable them to do so. This is not a reflection on your taste; it’s a strategy designed to get you the most for your home.

Your agent may also recommend that you arrange to be away from home during showings. While you may want to listen and watch people respond to your wonderful home and talk with them about living here, the presence of a homeowner is often intimidating to buyers, causing them to hurry through and fail to give your home the consideration it deserves.

Don’t be insulted by these suggestions; they are for your benefit. Just think how beautiful your next home will be!

For more information on preparing your home for sale, click here

Trust your agent to manage the sale

Real estate agents and their qualified buyers have many properties to preview and may request a viewing of your home with short notice. By providing your agent with a key or allowing a lockbox to be placed on your property, you will give your home the best chance of being considered by serious buyers.

While all of the decisions regarding the sale of your home are ultimately yours, your real estate agent has years of experience and extensive knowledge that can make your sale easier and more profitable. Take time to consider your agent’s suggestions; they will probably end up putting money in your pocket.

Be realistic

Every seller hopes to profit from the sale of their home, and, at least in California, most do. But overpricing is one of the biggest mistakes that a seller can make. Every house has a prime ‘window of opportunity’ – a matter of a few weeks from the time it is put on the market when the maximum number of buyers and real estate agents will view the home. Instead of attracting more buyers, overpriced homes discourage buyers – often those who would be interested and qualified if the property was priced realistically. Interestingly, homes that are priced at or very slightly below market value attract many more buyers and often end up selling in multiple offers that go well over the asking price!

Your agent will provide you with a free “Comparative Market Analysis” that shows current and recent market activity in your area. This information is very helpful as you are establishing a realistic asking price for your home.

Disclose. Disclose. Disclose

Another big mistake a seller can make is to fail to disclose a defect in their home. They may be concerned that the disclosure will discourage buyers or that repairs will be too time-consuming and costly. But undisclosed problems can turn into lawsuits that drag on long after the close of escrow. Such legal proceedings end up being far more expensive than the original repair or a small concession in the asking price offered to an eager buyer.

Looking at the Big Picture

The careful management of details is essential to a successful real estate transaction – and is an important part of your agent’s role. But sometimes sales get derailed over “small stuff” – matters of a few hundred dollars that seem important at the moment but won’t make any difference to either buyer or seller down the line.

Marketing matters

Making sure that your home is marketed to qualified buyers and successful agents is a top priority for your real estate agent. Always ask your agent for a detailed marketing plan that describes print and Internet advertising, open houses, networking, private showings, signage and other methods of promoting your property. But a plan isn’t enough: your agent should also provide you with weekly progress reports and feedback from agents and potential buyers.


If you’re ready to talk about selling your home, I’m ready to help you. Call me today!

Coco Clayman-Cook - Westside Lifestyles
875 Comstock Avenue Suite MR10, Los Angeles, 90024

phone: 310-278-6033 | efax: 310-388-5641

www.WestsideLifestyles.com | Coco@LACondoLifestyles.com