How often have we heard or been told that "size does not matter"? It's about personality, character, attitude, what's inside, and who you know. Right? At times we may find those words of sage advice comforting, reassuring, or we find ourselves exclaiming excitedly "see I told you so"! But is it a myth? Does size really matter afterall?
Look at the bailouts that have made the news. Does the size affect us and cause us to get excited? We are told that it is all because of the housing market and the size of our problems. So then, lets turn to the housing market and real estate.
Have you noticed that when a home is inspected prior to closing, that the size of the discovered problems do matter. Maybe a home inspection prior to putting it on the market would have made a difference. Have you also noticed that real estate that has larger prices tend to move slower in our markets? When a seller puts a home on the market with a larger sales price than their current market comparables believing that theirs is more attractive, has more character and personality, and more inside, does it normally work to the seller's benefit? Usually not. And then surgery takes place and there is a 1% price reduction and the seller wonders why few got excited.
Perhaps you've also noticed that when small or low sales commissions are negotiated, and buyer's commissions are thus lowered, the size of the Realtor cards left behind are smaller and the size of the marketing services suffer. How often have you seen sales flyers with little tiny pictures showing no details or marketing pieces with just one huge picture of a home on the front of a flyer or on the MLS. Have you ever noticed as you read MLS descriptions that they come in all sizes, some with many words that say very little, and then those that are short, but concise?
And then there are those blogs that are huge in size and go on an on and find readers quickly moving on without commenting. Perhaps Twitter has got it right.
What is your view? Does size really matter?
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Yesterday I was walking working with a client whose extra bedroom was so cluttered you couldn't walk into it - she had worked hard the last few days and decluttered and had it transformed it into a cute office. I said to her - congratulations! you just added 150 square feet to your listing! Buyers couldn't see the size the way it was presented . . . so perhaps size doesn't always matter -- but the perceptions or impressions that are also vital. As a mom of 5 I like to say looks don't matter too, but always comb my hair and get out of my sweats before leaving the house!