I Want All My Money Back On My House Upgrade Goodies

No doubt, the home needs to appraise.  Very rarely will an upgrade add so much value to a house that owners will see the full price of their investment back.  Realtors® need to paint a realistic picture of what a seller's house will sell for in today's market.  Great post Gary!

LOL, I have heard this once or twice.  The last time I did I told the seller to call me in 6 or 7 years and we will talk, but don't make any more upgrades. 

Gary:  An impossible scenario that homeowners must be aware of!

I will take that pool as a FREEBIE. Smiling

Gary - I did a post on how my neighbors came up with their price. They paid X amount 8 years ago and added X in upgrades. And that is why they haven't gotten one bit, let alone an offer. I can never understand how some people think just because that's what they paid, or added upgrades, that's what they should list for. Have they been reading the news? Checked out MLS? Are they living under a rock?

Suggested.  I tell my sellers the updates / upgrades you put into your home you put because you want to enjoy the luxury the comforts.  Do not expect to get your money back.  Then I proceed to tell them I'm in the same boat as they are. IF I sold my house today I'd be tossing in all the bells and whistles for free.  Just the painful truth of the real estate market.

Gary, upgrades are great, everybody wants the granite countertops and stainless steel appliances but upgrades will only count for so much. And some upgrades may not count for much during the appraisal process. Thanks for sharing.

Hi Gary, very true post.  I see this all of the time and the sellers get so offended when you are upfront and honest with them.  We have to be if the seller wants to get their house sold.

I agree with John.  Some of those upgrades may not even be to the buyers' tastes.  So, call it a day and be done with it.

This is so true, and especially now with the downturn in the market, people do not and will not pay more for extras, they may only improve the market time, it is hard enough to get a home appraised right now, let alone appraised above another home because of some personal upgraded item that is not standard.  Good Post

Howdy and morning Gary

Gary, every home seller sure should read this here mighty fine blog post of yours.

May each and every day bring you and your family many blessings!

Have a good one
Dale in New Hampshire

Gary,

Plain and simple.  That's the way it goes... g

Oh, yes, my friend, just another hurdle for realtors to jump over in the reality of realty work.

Very truel.  It's a bitter pill that many sellers have to swallow.