Price and Condition Are Synonymous.... Not Exclusive of Each Other

When Selling a Home, Price and Condition Are Synonymous..... Not Exclusive of Each Other

Sure homes in certain neighborhoods are selling off the hook and many sellers may be wondering why their home is not selling despite that highly sought after neighborhood.  Well here's some food for thought:

• Have you done a good job of maintaining your home?
• Does the exterior need painting?
• Has your HVAC been serviced regularly (with records to prove it) or replaced in the recent past to a more efficient unit?
• Is there evidence of a roof problem (perhaps you had that fixed, but failed to replace the stained or damaged sheetrock on the ceiling?
• Not that clutter is a material issue, but it sure does affect how well a home shows.  Has you home been "show ready?"
• Does the garage and opener function properly
• Are there plumbing issues that you just haven't gotten around to addressing?
• Are there quite a number of things that you just haven't gotten around to addressing?
• If you've lived in your home for 20 years or so, do your appliances, cabinetry, the shag carpet, tile, windows, overall decor, etc reflect that?
• Your home may have been built by Mike Brady, but his 1970's style guide could use a bit of tweeking (30 + years later).

But let's say that you have done a good job of maintaining the home.  There are other factors to consider as well.

• Did you check out the home while it was listed to see how it compared to yours?
• Perhaps the home was a designer showcase, well maintained, had great curb appeal?
• Did those homes have more square footage than your home?
• Did they have basements and yours doesn't?
• How about bedrooms and baths?  Even one additional bedroom and an additional bath (even a 1/2) may have taken you out of the competition.
• Sure you may have an extra bedroom, but the garage had more value to the buyer down the street.

The bottom line is this, when pricing your home the determining factor is not every home in your neighborhood that has sold.  It's every home in the neighborhood that is most LIKE yours that counts.  Price, style, condition, sq. footage, lot  size, etc. all count in the comparison.

 

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Charita Cadenhead, Your Metropolitan Birmingham, Alabama Real Estate Broker of Choice

Got a question about Metropolitan Birmingham real estate? Just ask Charita. Need a good Realtor(R) to help you find a new home or sell the one you already own?  Just shoot me an email.  In need of a rental property?  Subscribe to be notified whenever we list a new rental or home for sale.

       
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