A $600 Solution to a $40,000 Problem

By
Real Estate Agent with Dove Realty Inc.

Right after Christmas, I was approached by a seller who was trying to flip a house in Ballard.  It had been languishing on the market for over three months.  After doing a walk-through and looking at comps, I told them to take it off the market for a week, install a set of French doors in one of the first-floor bedrooms (thus turning it into a dining room) and then re-list it for the same price.

Of course, they consulted other agents, who told them to forget about the dining room--just lower the price by 40K.  Those agents were following conventional wisdom which states you should never sacrifice a bedroom, but I believe there's an exception to every rule.  When you have more than 3 bedrooms in Ballard, go for the dining room.

Fortunately they followed my advice and spent $600 to create this dining room.  We re-listed it a week later at 585K and it sold the first day for full price!  The moral of this story is: do it right the first time.



The Better it Looks...the Better it Sells!

(206) 781-1724 

SusanPeters.com 

My Blog 

 

For the best deals on Home Décor in Seattle, follow me on Twitter!

Comments (5)

Maureen Bray Portland OR Home Stager ~ Room Solutions Staging
Room Solutions Staging, Portland OR - Portland, OR
"Staging Consultations that Sell Portland Homes"

Hi Susan ~ It's great to see you posting again and showing your exceptional properties!!  As usual you've worked your magic with your fabulous ideas and staging.  I'm sure that your sellers were so happy that they found you!!

Mar 18, 2014 02:50 PM
Lee Jinks
Jinks Realty - McAllen, TX

Do you do your own photography or do you hire a professional?  These are very good photos.  Could that have played any role in the listings performance this time around?

Mar 20, 2014 01:25 AM
AJ Heidmann ~ CRS
McEnearney Associates, Inc. - Alexandria, VA
YOUR Alexandria & Arlington, VA Real Estate Expert

Susan - Great call on your part.  Having more bedrooms is a good idea, but if the home has many of those and not enough public space to enjoy, then your idea makes perfect sense... and the market agreed!

Mar 30, 2014 03:15 AM
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Great thinking turned this deal around and made everyone happy except the past agents.

Good Deal!

Mar 30, 2014 06:56 PM
Wendy Tomm
Beyond the Walls - East St Paul, MB
CCSP, RESA-PRO, BBB - Wpg Realtors

Wow Susan, great advice and you provided your clients with great advice which = a quick sale for list price!

Apr 04, 2014 01:28 AM