What it Really Means to Sell a House
- By Beverly Manago
- Published 03/4/2010
- Selling
- Unrated
When you prepare to publicize the sale of a house, you often include hard data such as size, number of rooms, layout, architectural style, etc. It may be easy to get lost in these technical factors, and no wonder-they are very important. However, there is much more to getting someone to buy the house than convincing them that they can get a good deal for a great set of "specs." Selling a house also involves selling an idea, or rather, an ideal.
If you want to sell the property as the ideal place to raise a family, make sure that your staging and sales pitch reflect this. Foreground the cozy, child-friendly furniture-even if you do not plan to give these furnishings as part of the deal. Expand on its convenient location near schools, parks, and daycare centers. Then again, you may prefer to market the residence as a perfect hipster pad. In that case, use an edgier design scheme. Your advertising materials might also be tailored to reflect a similar aesthetic. Furthermore, you might want to give prospective buyers an idea of how close they will be to hot hangout spots and the like. Of course, there are many other "types" you can use. These are just two of them.
At first glance, this might seem like a dangerous tactic. Won't you be boxing yourself in by marketing the property in a way that some people might not like? This is a reasonable concern. Do expect that a specific marketing scheme is unl
ikely to please everybody. However, a house that you attempt to sell as all things to all people is also likely to leave a very incoherent, indistinct impression. It will have very little personality in a prospective buyer's mind, and is likely to be passed over.
Assuming you decide to take the tactic advised in this article, how do you decide which type of "ideal" fits your house? In many cases, the location of the residence will be a major factor. What kind of establishments are near the residence in question? For instance, if the residence is near a university, expect plenty of students and faculty to come knocking. If the property is near a business district, expect many white-collar professionals to show interest. You might also like to observe the habits and lifestyle of the people surrounding the property. People often prefer to live in neighborhoods with people who have similar lifestyles. (For example, a residential area full of nuclear families can be reasonably expected to attract more nuclear families instead of, say, a group of young housemates.)
Pinpointing a market niche for the property can also be a good way to decide on your wider marketing tactics. What kind of people will want your property? What kind of websites or publications do they patronize? Answering these questions will help you focus your marketing, especially if you have limited funds with which to pay for ad space. If you must be selective with your advertising, it makes sense to target your advertising venues carefully.
If you want to sell the property as the ideal place to raise a family, make sure that your staging and sales pitch reflect this. Foreground the cozy, child-friendly furniture-even if you do not plan to give these furnishings as part of the deal. Expand on its convenient location near schools, parks, and daycare centers. Then again, you may prefer to market the residence as a perfect hipster pad. In that case, use an edgier design scheme. Your advertising materials might also be tailored to reflect a similar aesthetic. Furthermore, you might want to give prospective buyers an idea of how close they will be to hot hangout spots and the like. Of course, there are many other "types" you can use. These are just two of them.
At first glance, this might seem like a dangerous tactic. Won't you be boxing yourself in by marketing the property in a way that some people might not like? This is a reasonable concern. Do expect that a specific marketing scheme is unl
Assuming you decide to take the tactic advised in this article, how do you decide which type of "ideal" fits your house? In many cases, the location of the residence will be a major factor. What kind of establishments are near the residence in question? For instance, if the residence is near a university, expect plenty of students and faculty to come knocking. If the property is near a business district, expect many white-collar professionals to show interest. You might also like to observe the habits and lifestyle of the people surrounding the property. People often prefer to live in neighborhoods with people who have similar lifestyles. (For example, a residential area full of nuclear families can be reasonably expected to attract more nuclear families instead of, say, a group of young housemates.)
Pinpointing a market niche for the property can also be a good way to decide on your wider marketing tactics. What kind of people will want your property? What kind of websites or publications do they patronize? Answering these questions will help you focus your marketing, especially if you have limited funds with which to pay for ad space. If you must be selective with your advertising, it makes sense to target your advertising venues carefully.
Beverly Manago
Beverly Manago is a freelance writer focused on the real estate industry, and a consultant for My Single Property Websites, a web 2.0 marketing tool that lets real estate agents create stunning virtual tours and single property sites easily. She also contributes to the What Sellers Want In A Realtor there.
View all articles by Beverly Manago