Home Buyers DON'T Want A Flooring Allowance!
Home buyers DON'T want a flooring allowance. Home sellers can justify their rationale for offering a flooring allowance versus fixing the flooring for the listing process all they want. But it still comes back to this: home buyers DON'T want a flooring allowance! A top Louisiana agent provides all the reasons for not offering your home for sale with a flooring allowance in the blog post below. If you are a home seller who's resisted fixing your floors, read on to find out why you should just go out and take care of it.
If you're a Charlotte-area home seller and need recommendations about where to go to get your flooring updated for a reasonable price, contact us at Carolinas Realty Partners. We have great sources. And don't forget...
...home buyers DON'T want a flooring allowance!
Nobody Wants A Flooring Allowance--
The carpet looked like the deck of Noah's Ark. Feathers, feces, and finger nails seem to be the design theme. Before I could begin my listing presentation, the seller was mumbling something about a flooring allowance.
And boy was it a reasonable offer! For what he was willing to "invest" a family of four could go to dinner, movies, and probably have enough left for a carton of cigarettes. But it was nowhere near enough to replace the soiled flooring...
Let's take a moment to examine the flaw behind the flooring allowance...
- Buyers have ZERO imagination-- If I had a nickle for every showing that ending at the front door, I wouldn't be writing a blog post on a Saturday morning. "Staging" flooring samples in the room is worthless. Why would a buyer focus on an 18 inch tile when there are YARDS of soiled carpet in front of them? They won't.
- Buyers are broke--With money tight for most families, coming out of pocket for new flooring is not an option. And no, your 2,000 dollar allowance will NOT replace the flooring. Think 4-6 bucks a square foot.
- The Seller will have to compensate the buyer for the hassle-- Even if the buyers have the funds, expect them to deduct 2x what the flooring costs from their offer.
- Your home will appeal to fewer buyers-- Even in a robust market, some homes still linger. Price and condition are two of the variables that impact days on market.
- Worn Flooring can be an apprasial issue-- I have seen deals brought to a halt because the appraisal was not comfortable with the flooring. Imagine having to replace the carpet two weeks before closing? Been there, done that, no fun for anyone...
- Old carpet stinks-- A gallon of Old Spice cannot over power puppy-urine fertilized shag carpet. Remember, smell is the sense most closely linked to memory. How will clients remember YOUR home?
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Searching for a Top real estate agent in Alexandria Louisiana? Need help selling your Pineville, Louisiana home? Either way call Doug today!
Doug Rogers
Broker/Owner
Bayou Properties Realty
Bayou Properties Realty
130 Woodwind
Pineville, La, 71360
(318) 613-1994
Equal opportunity housing. Doug Rogers is a licensed real estate broker in Louisiana
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