I know you'll price it right!
Buyers want a move in condition home otherwise they pass your home after viewing pictures on the MLS.
The trick is to get the upgrades done at a low cost but show well.
Also list your home after the holidays, preferably after January 15th.
RE/MAX All Properties
Cumming, GA 30041
Don't over improve your home for your neighborhood.
If possible, do small upgrades, ie, paint, paint cabinets, change hardware, clean appliances till they sparkle.
Also, an easy way to change the look of your kitchen from "old & dated" to fresh and sellable is to change your countertop and flooring. You can install new counters relatively inexpensively or try "painting" them (kits avail at Lowes).
Visit your local upscale kitchen showroom and ask if they have retired displays available for sale, sometimes they even have apppliances.
It sounds like your local market is tough and if a home isn't upgraded it won't sell (at least not at the price they are asking). Best advice I can give is to get your home in the best possible condition, without overextending yourself, before listing it. Good luck to you!
-Sunny Fellman, Realtor
Cape Cod, MA
When a buyer comes into your home, they can be very fussy about small things. If you want to help your home show better and sell faster, follow these simple repairs.
Kitchen â€“ Replace kitchen faucets. Replace hardware on cabinets and drawers. Put new caulk around backsplash.
Bathroom â€“ Install new towel racks, lighting fixtures, and faucets. Repair leaky faucets or running toilets. Put fresh caulk around tub/shower.
Curb Appeal â€“ Make sure you have fresh landscaping with no weeds. Keep your lawn mowed and replace dead grass with new sod. Planting a few fresh flowers will add to the appeal.
Doorways â€“ Make sure they are working well. Check for squeaks. Fix any ripped screens on screed doors or lanais. Replace old door knobs and locks. Caulk windows and doors.
Flooring â€“ Replace or repair cracked tile. Clean or replace the grout. Shampoo or replace carpeting.
Exterior â€“ Replace any missing shingles on the roof. Clear gutters from leaves or other debris. Replace mailbox and house numbers. Caulk and paint over small hairline cracks in foundation.
Painting â€“ Check for any cracks or holes and repair. Paint walls, ceilings, and trim in neutral colors. If you donâ€™t have time to paint all the walls, at least do touch up painting.
Mechanical â€“ Make sure major mechanical systems are working such as air conditioning/heating and plumbing as well as electrical systems. All appliances should be in good working order.
Any repairs that you do to your home will help improve the value of your home. Home buyers will feel safer in purchasing a home when they do not see a lot of repairs that need to be made. If you are willing to spend a little money on completing necessary repairs, it could result in a higher selling price and a quicker sale.
Tammy Hayes, Realtor, Sandals Realty, Punta Gorda, FL email@example.com
This is a great question. It sounds like you want to know the secret to getting more showings. Remember that it is still a buyers market. The buyer will buy what they want, not what they need. So if you are a buyer you may want a home with granite, tile, or stone - especially if it is for the same price as a home with laminate and vinyl.
As far as getting the price you need, I wouldn't expect a dollar for dollar increase. For every dollar you spend, you can expect a lower percentage return on the investment. Think of it this way: the first $1,000 you spend, you may get the full $1,000. If you spend $2,000, you may only get $1800 more. If you spend, $5,000, you may only get $4,000 more. You will have to walk a fine line to decide how much to spend just so you have some showings.
Better Homes and Gardens Real Estate Metro Brokers
As an Agent you should know what is necessary to sell your home or your clients....
It is the financial situation of the seller, that will determine, how much of improvements they are
willing to do to compete.... Large improvements may sell the house faster, but may not bring
the net return the seller is looking for....
I never recommend high end improvements $$$$ if a home is to go on the market shortly! But I recommend a lot of small ones, like paint, declutter, repairs and staging.... either moving furniture around to show a larger home, or removing some items.... and if hardwood under carpeting, have the carpeting removed unless it is brand new and similar smaller less pricier projects.
Edith YourRealtor4Life and Chicago Connection
Also - you've got to be realistic about your location. Even if you tear down the house and re-build a completely new structure, the price potential will be capped based upon the neighborhood.
This question resembles the proverbial, "which came first, the chicken or the egg...."
There are no guarantees.....but our recommendation is always do what can be done with the minimal expense prior to listing. Cleaning, sorting, organizing, painting, planting and repairing can often make a big difference in a homes appeal.
Since the buyers first objective is price, making an investment in updates may not be taking you in the direction you need to go to identify a buyer. By pricing it lower, without the upgrades but making the property "shine" both inside and out may create more activity without the added expense.
Good luck with your sale.
CNN Money - It Doesn't Pay to Remodel Your Home http://money.cnn.com/2010/11/16/real_estate/home_remodeling_
Housing Watch - Remodeling: When It's Worth The Cost http://www.housingwatch.com/2010/11/22/remodel-if-youve-got-