I felt as though I had slipped quietly back a decade .....as I read the description of a property that said $X would be credited at closing for decorating...'Really ? Oh Yicks ! Do buyers and agents really KNOW what whatever changes they want to make cost ? Not usually....sometimes they don't realize what they could be...they just know it isn't"their house"...and that can be for lots of reasons from a choice of colors to over cluttered rooms that appear too small.
Dark walls that cave in a room...wallpaper that has seen its better days....clients have no idea.....what the cost of change might be....to paint a room....remove wallpaper...change flooring. The $X allowance will buy WHAT? Few people really know.
Paint is the least expensive improvement from dark walls to letting the light IN with lighter neutral colors. What if the carpet is covering hardwood floors ? We have on a number of occasions suggested removing the carpeting. The padding has served as a "buffer cloth" and while there may be some areasthat require a little "elbow grease" with removal of padding patches ....the results can often be a fresh new look pleasing to Buyers rather than old worn carpeting.
Reality is that adding an "allowance" doesn't change the price as people browse thru listings...and they may well never get to the line that has the mystical "allowance" figure that they do not have an idea what it will buy.
Sellers...do as much as you can to put your best house forward...it may well not be the expense you imagine....AND it could be the difference between a quick offer and lingering on the market with a lower sale price.
Sally K. & David L. Hanson, Broker Associates with Keller Williams will help you with suggeestions to "put your best house forward" and get the highest return for your real estate investment in southeastern Wisconsin, East to reach @ Sallly@HansonRealEstate.Net or office: 414 525 0563 which will ring thru to our cell phones if we are not in the office. This has been a professional post brought to you to bring the best possible price in the shortest amount of time for your real estate investment.