Excellent argument and points, Melissa! Suggested. Why give buyers ammunition to lower their offers?
I think getting the nice and updated flooring in first is the way to go.
Woot! Congrats on this well deserved feature. Now off to read (and comment) on your other posts. You're on a roll.
Congrats on the feature... always good advise... we have been flipping houses successfully for many years and the key to our success is not only buying right but selling right and selling right always means perfect condition!!!
Hi Melissa. You make a great point toward making the home move-in ready. I'd not thought of the 'flipper' comparison. After-all, instead of leaving the home in need of fixing up and waiting for the buyer to make choices, the 'flippers' make the home sparkle and impress. Success is proof of being right!
Melissa, that has been my experience too. The buyers will deduct the change from the offer price. Some of my buyer's wanted to have an allowance, but some wanted everything done before close.
You are so right - I like your analogy. We ALWAYS suggest to the work - don't give an allowance.
Melissa: Very wise. It's like going to the dentist. Delaying can cause much more pain than doing it now. Same with fixing things before the home goes on the market... than trying to do it afterward.
Great post, Melissa. I so agree with you...they are often paying twice...or maybe even 3 times if you include the fact that they delay the offer.
Great post. Personally, I am not a big fan of allowances. I would rather see the home in good condition to begin with.
Thank you for putting into words what I've always felt. Rather than skirt the condition issues, get them taken care of and don't reduce the pool of prospective buyers in the process and diminish your negotiating power
What a dilemma... replace the carpet or offer an allowance. While I agree with you for the most part, sometimes a seller simply can't afford to replace the carpet, while having the price taken out of proceeds of the sale is easier to take. That is, of course, if the house sells since it doesn't show as well with the worn carpet.
I can't agree more - I have a client that is perfectly willing to drop the price $25,000, but to ask him to spend $2500 on paint is beyond his thought process! Seriously. I would suggest everyone read and re-read this blog! Shanna
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