A seller once listed their home and didn't get much activity. It's on a main street in town, great for walking distance to everything, but a lot of traffic. After much feedback stressing the buyers wanted more than one bath, they decided to put in another bath. What a great idea, and their enthusiasm shows they are motivated to sell their home. They withdrew it from the market to get the work done. Later, it was learned they had made even more improvement plans - adding more hardwood and moving a few rooms around. Now it's time to worry about pricing. If they put much more into it, they're going to want to increase their price right? Wrong, they’ve decided they no longer want to sell but rather want to stay put. They feel they won't get their money back if they do the improvements to the home they were thinking of doing. Not the outcome one would expect!
In the current market, does it make more sense to price the home to sell at a “great deal ” price, or make improvements to spruce it up then put it on at a “top of the range” price? Because most of us know there's not much "in between" pricing...
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