If you're considering selling your home, you should be aware that there are purchasers willing and able to cover the high asking prices of today. However, they are looking for a move-in ready house. A recent Redfin press release explains:
“Buyers are still out there and they’re willing to pay today’s high prices, but only if the house is in really good shape. They don’t want to spend extra money on paint or new appliances.”
If you consider it, it makes sense. In the current housing market, they must pay a high price for a home. This implies that after they move in, they might find it difficult to afford improvements. Therefore, potential buyers may pass on your house or make a lower offer than you had hoped for if it is old or requires some renovation.
Furthermore, many houses currently require renovations. Millions of people, or those aged 20 to 39, are about to reach their prime remodeling years. Perhaps one of them is yours. The number of homes in their prime renovation years is high and continuing to rise, according to John Burns Research and Consulting (JBRC) (see graph below):
If this describes your home, you might think about doing a few tasteful renovations to make it more appealing to potential buyers and expedite the selling process. However, how do you decide where to invest your time and finances?
Why You Need a Real Estate Agent
You can make an informed investment by consulting with Chris Pataki of RE/MAX Associates to strategically plan the renovations you make. Simply said, not every update is cost-effective. According to Bankrate:
“Before you spend money on costly upgrades, be sure the changes you make will have a high return on investment. It doesn’t make sense to install new granite countertops, for example, if you only stand to break even on them, or even lose money.”
And as the same Bankrate piece continues, here's where a neighborhood real estate agent may help:
“. . . a good real estate agent will know what local buyers expect and can help you decide what needs doing and what doesn’t.”
Buyers in your area have certain needs and price ranges that Chris Pataki will be aware of. Working together will help you save money on upgrades that will not pay for themselves. Rather, they will inform you of the improvements that will increase the value and appeal of your home.
CLICK OR SCAN BELOW FOR FREE REPORT
These days, selling a house entails more than just hanging a For Sale sign. To draw in customers prepared to pay the exorbitant rates of today, you must ensure that it is in good working order.
In Conclusion
Making minor corrections that will maximize your return on investment is the greatest approach to achieve that. Contact Chris to learn what qualities prospective buyers are seeking and what repairs your home needs to make before listing.
by keepingcurrentmatters.com
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