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HOW TO BUY LIKE A SELLER

By
Real Estate Broker/Owner with 1st Choice Realty of Fayetteville, LLC 156842

If you're in the market to buy a home in Fayetteville, NC take a counter-intuitive tip and imagine the day you'll be selling it.  That's right - whether you're a first time buyer, or relocating, this home probably won't be your last, so look for features that will pay off when the day comes to move again.

The biggest amenity the next buyer will likely look for is central air conditioning.  In this part of the country, over 90% of buyers rank central air as critically important, and three-quarters of buyers everywhere else put it high on the list.

Another often-overlooked feature is storage.  Over half of buyers desire a two-car garage and a walk-in closet for the master bedroom.  Ample closets and storage space just can't be stressed enough.

If at all possible, avoid costly upgrades and purchase an energy efficient home with newer windows, pervasive insulation, and Energy Star appliances.  If the home is already wired for cable, satellite, and high-speed Internet, so much the better.

Finally, it’s still all about location, location, location.  It's the one thing you can't change about the home you buy, so look for good schools (even if you don't have children) and proximity to shopping and recreation.  Just call 1st Choice Realty of Fayetteville, LLC and let us help you find a home in an area that's right for you!

Ruthmarie Hicks
Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605 - White Plains, NY

Different parts of the country have different priorities- but these are remarkably similar to NY.

Mar 09, 2011 03:55 PM
George Bennett
Inactive - Port Orford, OR
Inactive Principal Broker, GRI

Great advice. And with gas prices soaring location can't be over emphasized.

Mar 09, 2011 05:01 PM
Evelyn Kennedy
Alain Pinel Realtors - Alameda, CA
Alameda, Real Estate, Alameda, CA

Clark:

What a clever idea.  Its makes perfect sense.  I will definitely use that line with buyers from now on.  Thanks.

Mar 09, 2011 05:03 PM
Beth Larsen
RE/MAX Sedona - Sedona, AZ
Sedona Arizona

Such great advice Clark! Lots of people think they are only buying for themselves. Until they have to sell -and rue the day!

Mar 09, 2011 05:31 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good advice. The one thing we cannot change is location. We can always put in central air.

Mar 09, 2011 10:01 PM
Jody Moore
Blue Shirt Photography | SendOutCards - Lexington, KY

That is a great thought. I photographed a home a few months ago and they are having a tough time selling it due to it's location. The agent told me she has showed it every weekend and the deal breaker is the major road behind the house is too close.

Mar 09, 2011 11:20 PM
Patrick White
Home Driven Realty, Inc - Baldwin, NY
Driven to bring New Yorkers home

Good Morning Clark

Thanks for the post and information. have a great day.

Mar 09, 2011 11:24 PM
Jamille King
Keller Williams Realty River Cities - Columbus, GA
Realtor & CDPE, Homes for Sale or Rent in Columbus, GA

Buyers also want a kitchen than more than two people can fit in at one time.

Mar 09, 2011 11:26 PM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Clark, very good point. Unless someone wants to stay in their home forever, they should keep the things in mind for the next buyer when purchasing.

Mar 09, 2011 11:29 PM
Anonymous
Mona Gersky

Good Morning!

We always recommend role reversal when speaking to our buyers OR sellers.  The buyers are always convinced that they will want to live in this house f o r e v e r.  Yeah, right. Real estate decisions should always be made with the idea that this purchase is an investment...one that the buyer after they morph into the seller position will want to see a return on their investment.

So, even if they find the railroad tracks running through the backyard of the house, the teeny tiny bedrooms, the single bath in a 4 BR house, no storage or freaking death defying metal spiral staircase in a house that's been on the market for 2+ years doesn't mean that when they are ready to sell they will find the same appreciator of quirkiness in a potential buyer.

Great post and thanks.

Mona Gersky, GRI, ABR ~~ MoonDancer Realty, Dillsboro, NC

Mar 09, 2011 11:50 PM
#30
Clark Cook
1st Choice Realty of Fayetteville, LLC - Fayetteville, NC
Marketing Homes For Sale In Fayetteville NC Area

Joan, Thanks for commenting. Once again proof the local market dictates what's important.

Howard & Susan, You are correct, adjustments must be made to reflect future difficulty selling.

Chris, Thanks for stopping by; Your input is appreciated!

Richard, Thanks for the additional comment on HVAC equipment and inspections.

Thanks Victor, the money is made when one purchases the home!

Karen, you too are correct! The money to be made is up front!

Ruthmarie,Thanks for visiting. I appreciate y our comment!

Good point George, location it does tie in with the current gas situation!

Evelyn, You're welcome, and I'm glad you find the info useful!

Beth, Thank you for commenting!

Gita, Absolutely, location is important so best to think of it before we purchase.

Jody, I appreciate your input, thanks!

Patrick, it's good to see you again, thanks for visiting!

Jamille, I appreciate the additional comment. Kitchen size is so important!

Michael, I like it! Who stays in a home forever?

Mona, Thanks for taking the time to add value to the conversation. You contribution is appreciated!

Mar 10, 2011 12:27 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Clark, this is such good information for sellers --- just listed a home the seller invested WAY too much into their home, and now selling it are seeing a loss from what they invested!

Mar 10, 2011 01:27 AM
Clark Cook
1st Choice Realty of Fayetteville, LLC - Fayetteville, NC
Marketing Homes For Sale In Fayetteville NC Area

Wow, that's a shame Joan! But, at least they picked an agent that will help them get the highest and best price for their home. Thanks Joan for contributing!

Mar 10, 2011 01:35 AM
J. Philip Faranda
Howard Hanna Rand Realty - Yorktown Heights, NY
Associate Broker / Office Manager

Resale is an important consideration. Amenities and features may vary with the region- central AC is not the priority here as it is in warmer climes- but the mentality of resale is always a smart approach when purchasing. Spot on, Clark. 

Mar 10, 2011 01:58 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Your post makes a very valid point.  The need to think ahead to resale is always important.  I must add that a home need not remain intact as seen at the time of purchase ... but it MUST have many of the abilities for the components you speak of.  Doesn't have AC?  What are the capabilities of adding it in the future?  Not enough storage?  Can you find viable ways to create it?  Unsuitable garage/no garage?  Do you have the room on the lot to build it?  Does it need newer windows, etc?  Will you have the monetary means to replace them while living in the home or with time?  Our first home had none of the things you mention.  It was (and don't laugh) 620 sq. ft.  No central heating. 20 amp electrical service.  No kitchen cabinets to speak of.  One closet ... and it was on the unheated front porch.  We couldn't get financing initially because of 2 reasons: the ratio of square footage of the lot to square footage of home was too large .. and no central heating system.  We did our homework, found the financing, split off part of the lot and sold it, and added-on and remodeled.  It was the best real estate decision we ever made.  We were willing to work at it because the house had LOCATION ... and its bones were great.  The potential for everything you mention was there.  To this day, we're most appreciative that we made the choice we did ... and had the opportunity to do as we dreamed. 

Gene

Mar 10, 2011 02:20 AM
Anonymous
Jeanne Gregory, RE/MAX Southwest, Sugar Land, TX

A house with no a/c in Houston?  0 buyers for that!  Good post.  And good stuff to think about.

Mar 10, 2011 02:52 AM
#36
Clark Cook
1st Choice Realty of Fayetteville, LLC - Fayetteville, NC
Marketing Homes For Sale In Fayetteville NC Area

J Philip, thanks for concurring that the smart approach to take when purchasing is to think resale.

Gene, thanks so much for contributing additional information. I love your comments, because they are so RICH with substance. Your willingness to give is evident as you pick up on a point so well, and take it to the next level. Reading your comments is truly a learning experience. Thank you!

Thanks Jeanne Gregory! I almost missed your comment because I didn't see a picture, oops!

Mar 10, 2011 07:21 AM
Diane M. Phillips Realtor 443-286-4365
Frankly Real Estate Inc. - Manchester, MD
Specializing in Carroll Co., MD

Clark ~ Always think about resale, always. Wonderful post, congrats on the feature.

Mar 10, 2011 01:16 PM
Maria Couto
RE/MAX Premier - Berkeley Heights, NJ
Realtor with "Results That "MOVE" You'

Good advice Clark, but most of all your suggestions make common sense. It's one of the things I like about your posts.

Mar 10, 2011 01:45 PM
Clark Cook
1st Choice Realty of Fayetteville, LLC - Fayetteville, NC
Marketing Homes For Sale In Fayetteville NC Area

Thank you Diane!

Thanks Maria, your observation is the reason the message is effective. I write for consumers and it's all about the basics. These are common mistakes common people, who don't use REALTORS, make everyday! Thanks so much for visiting my blog, and I appreciate your comments.

Mar 10, 2011 02:36 PM