It is exceptional to have a list of "dings" that will reduce the market price of a listing - especially in this downturn of the real estate environment. These points will help determine market price and give buyers and sellers ideas what to look for when marketing a home or in the buying process!
Years ago my mentor told me to not sell a home that I can't resale. I have taken that message to heart and I'm always looking for dings that could make a home hard to resale. I'm going to give you a list of some of the major dings that might make your home hard to sale. Mind you this does not mean you won't be able to sell your home if you have these dings but you might have to take less to make it competitive with similar homes that don't have the ding. It also might take a little longer to sell.
- Backing to a road. The good thing on this is you don't have backyard neighbors but the downside is that you have lots of noise.
- Backing to tall power lines. I did not think this was a huge ding until I tried to sell a house that backed to tall power lines. There are many people that just don't want those lines in their back yard.
- All bedrooms up. When we lived up north this was not huge as most homes were built with all bedrooms up. That is not the case in the Spring area as most people want the master down. I have found the same square footage homes will probably sell for $10,000 less with master up and they are usually a little harder to sell.
- Backing to vacant land. You would think this would not be a ding but since our area is unincorporated you just NEVER know what is going to be built behind you.
- Buying a home that is not in a deed restricted subdivision. Again this was not a problem up north as the cities I lived in had restrictions. That is not the case in the Spring area as we are unincorporated. My husband had a co-worker that bought out in the country. Everything was wonderful until the neighbor sold and the new owner decided to open a junk yard.
- A choppy floor plan. I have found that most people want an open floor plan.
- A very small yard. This is okay if you have a patio home but it can make for a hard re-sale if your home is not a patio home.
There are probably other dings but these are the ones that come to mind. As I said this does not mean you won't be able to resale if your home has these dings but it might make it a little harder.
You also might have something in your home that is so incredible that people will look past some of these dings. I personally sold my own home that backed to a fairly busy street quick as we had a drop dead gorgeous backyard.
As your REALTOR® I will point these out and anything else I might see that might make a home hard to re-sale. You can then make an informed decision as to whether this is a ding you can live with or not.
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Copyright © 2010 Marchel Peterson, All Rights Reserved. *Home dings that might make for a hard re-sale!!*