How Selling Your Home is Like Playing Baseball Major League Style!
How Selling Your Home is Like Playing Baseball Major League Style!
In the movie, Moneyball, Brad Pitts character learns that to win at baseball, he has to pay attention to the numbers. |
I love baseball. Its the only sport I watch on television.
Baseball is leisurely, unlike basketball. Its gentlemanly, unlike football. Its quiet, unlike NASCAR. Its complicated, unlike tennis. Whats not to love?
Watching the World Series games last week, pondering my fascination with the game, and thinking as always of home selling, I spotted some similarities.
Teamwork is Essential
Although this blog concentrates on DIY home staging, there are times when you need to have someone else do it, times when you need to call in pros to get a specific job done.
Say you want to paint your tall stairwell, but you dont even own a ladder.
Maybe you need to replace the plumbing behind the shower stall, but you wouldnt know where to begin.
Or the garage needs to be rewired to meet electrical code, and only an electrician has the right license.
Or you need a new roof, but youre not going up there!
Each member of a baseball team specializes in whatever his position calls for. Each one is an expert. Even though theres less apparent teamwork in baseball than sports like hockey or football, dont be fooled. Each team member is a specialist, but one who also supports and cooperates with his teammates.
When youre staging your own home, its important to know when to call in an expert if thats what it takes to get your home in shape.
Devils in the Details
Yogi Berra, famous Yankee catcher, is known for his crazy logic. He explains, "Baseball is ninety percent physical. The other half is mental." |
Both baseball and staging look simple when done right. But look more closely and youll see they both depend on subtleties that guarantee success.
One good pitcher can determine the outcome of a game, just as curb appeal can determine whether buyers want to view your homes interior.
One fumbled catch can lead to a home run for the other team, just the way pet odors can be a deal-breaker for a home on the market.
Think like a Major League player. Take your staging seriously. Dont be like the neighbor a friend of mine described to me last week, who said Why should I paint for the next owner?
Step up to the plate, and tend to the details, so your home is the one that stands above the competition.
Preparation Makes All the Difference
Teams that get to the World Series dont get there by chance. They work all year to become the best athletes they can.
Selling a home shouldnt be a last minute decision. It should be part of a plan.
Although some will disagree with me, I think any homeowner needs to be aware that some day shell want to sell her home. Or her heirs will.
A common phrase is, Ill never move, but statistically, Americans stay in their homes an average of just seven years. Lifestyle preferences change, families grow bigger or smaller, jobs relocate, finances force people to shift priorities.
In other words, whatever you do to your home while you are living there is going to affect your selling price eventually. Never remodel a home in such a way that its market value will be reduced.
Dont postpone routine maintenance until the effects snowball into major repairs.
Dont postpone routine maintenance until the effects snowball into major repairs.
Leo Durocher, the legendary Baseball Hall of Famer, said, "There are only five things you can do in baseball run, throw, catch, hit, and hit with power." |
Its All About the Numbers
No sport relies more on statistics than baseball.
Wins and losses, batting averages, on-base-percentages, runs-batted-in, slugging percentage thats just the beginning.
Team managers, owners, coaches, fans, sportswriters and gamblers all rely on complex math to predict probabilities and make decisions.
Similarly, when youre selling your home, it helps to have good grasp of the numbers.
Have you priced it competitively?
Do you know what your monthly carrying costs are (mortgage, insurance, taxes, utilities, maintenance)?
If you are negotiatingwith a prospective buyer, do you know in advance how flexible can you be with financing options to shape a win/win agreement?
Patience Is Your Friend
Baseball is a test of nerves and strategy. When your home is for sale, waiting for a buyer to show up can be difficult.
Although weve all heard stories of people whove sold their homes the day they came on the market, I sometimes ask myself, Did they price it too low?
Even when you are impatient, a prospective buyer shouldnt know this. Thats why I tell people not to pile moving boxes in the garage or spare bedroom. It looks like youre in a hurry to get out of there, rather than living in a home you love. Strategy.
One baseball cliche is "Hurry to lose, slow down to win." And thats good advice for a home seller.
Chance Plays A Major Role
Once youve staged your home, using the skills and resources you have, you have to accept the fact that fate takes over. You cant call all the shots.
Sometimes, sheer coincidence steps in. A friend tells a friend who tells a friend about your home. Its just what shes looking for!
Or a couple out driving neighborhoods looking for real estate signs, turns onto your street, and Bingo!
Albert Pujols, a two-time World Series champ, and three-time Most Valuable Player winner, said, This game is really crazy. Nobody can understand it, and there are a lot of things that happen that you cant control.
The same thought was echoed by Wes Westrum, New York Giants catcher and manager, when he said, "Baseball is like church: Many attend, but few understand."
Remember that there is a buyer out there for your home. Do your best to attract him, and thats all you can do. Your best.
Of course, this is one of Yogi Berras most famous lines, and I find myself saying it near the end of almost every baseball game. And at other times as well. Its a Life Lesson!
In real estate transactions, snafus and surprises are common on the road between a showing and a closing. Thats the reason I never remove staging until the last possible moment.
As a seller, you cant take your buyer for granted. Inspections, financing, contingencies, all can be bugaboos. Being a seller takes flexibility and a positive attitude.
Im Not the Only One
Plenty of people see more to America s favorite pastime than men hitting, running and chasing balls. Saul Steinberg, the cartoonist, wrote, Baseball is an allegorical play about America , a poetic, complex, and subtle play of courage, fear, good luck, mistakes, patience about fate, and sober self esteem."
Sounds like home-selling to me!
My best advice: Listen to the coach, and play by the rules of the home staging game. The rule book I recommend is my $4.99 eBook, DIY Home Staging Tips to Sell Your Home Fast and For Top Dollar. It teaches you all the steps to build a winning team.
I am rooting for you!
How Selling Your Home is Like Playing Baseball Major League Style!