Buying and Selling a Home Means Understanding Imperfections

By
Real Estate Broker/Owner with Waters Realty of Brevard, LLC BK3064647

Rarely does the perfect property exist.    At least in the eyes of most buyers as they are looking reasons (real or not) to offer a lower price!

 

While new construction homes are not necessarily "perfect," newly built is likely closer to perfect than when a buyer is considering a re-sale home or condo. 

 
Once a property is occupied by people (and pets) it has likely "suffered" degradation from the occupants or the environment.

Early on in the home buying process prospective buyers must decide how much imperfection they are willing to accept.  
 
Likewise, sellers must decide how much imperfection they are willing to sell and how much lower their likely selling price will be.
 
In the current Brevard County, Florida real estate market buyers are competing for move in ready properties.  But, move in ready condition likely does not mean nothing will require attention at some point - now or in the near future.
 
When choices are plentiful (a buyer's market) then things like dated carpet or some gawd awful tacky wallpaper can cause a property to be stricken from consideration almost immediately.

But when the choices are limited buyers are more likely to think ..."Its ONLY wallpaper!"  Likewise, when the carpet is worn or stained buyers are more likely to say "Its only carpet!"  Still, buyers will expect a reduction in price or an allowance if they must turn around and install new flooring.

Then there are the things that can't be changed.   Location, home owner association membership and rules, traffic patterns, zip code, and the like are fixed and should be reflected in the list price. 

Still, the things that can be changed, even if its later, should be carefully evaluated in a tight market.   

Buyers should not let worn carpet, wallpaper or even some ugly paint obstruct an otherwise great prospective "new home" from consideration.

Home buyers, please read  Finding the Imperfect home.

Finally, a few words for home sellers....

Your home may have some flaws due to design obsolescence.  The flaw may be location, traffic, the neighbors (yes, bad neighbors can be a  perceived flaw).  It may have some defects as a result of aging.
 
You can fix some of these issues. 
 
Some imperfections can be overcome through pricing.  Some can be overcome by proper staging (including removing excess "stuff").   Some can be overcome by repair (yes, fix the AC, the roof, the major show stoppers!).    
 
A home does not have to be perfect to sell... but it does need to be perfect in spite of its imperfections....

Ready to buy a home in Melbourne. Florida?  Call or text me at 321-693-3850.

 

 

Posted by

Gary L. Waters, is a Florida licensed real estate broker at  Waters Realty of Brevard, LLC, Melbourne, Florida serving Florida's Space Coast including the cities and surrounding communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and Satellite Beach.

 Call or text me directly at 321-693-3850.

 

 

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Rainmaker
68,129
Luke Acree
ReminderMedia - King of Prussia, PA
Making Agents Memorable

A home does not have to be perfect to sell... but it does need to be perfect in spite of its imperfections....

Oct 31, 2017 09:10 AM #1
Rainmaker
68,129
Luke Acree
ReminderMedia - King of Prussia, PA
Making Agents Memorable

Great Copy!

Oct 31, 2017 09:10 AM #2
Rainmaker
595,762
Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

Great post and information for all Buyer's and Seller's to read. Thanks for sharing I hope you have a great afternoon.

Oct 31, 2017 10:01 AM #3
Rainmaker
1,331,190
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
your real estate writer

Even the home you had built to your own specifications is likely to be imperfect.

You've presented sound advice for both buyers and sellers.

 

Oct 31, 2017 10:45 AM #4
Rainmaker
2,564,854
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

Great advice...now explain that to a Millenial ...oy !

Oct 31, 2017 12:39 PM #5
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Rainmaker
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Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC

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