Monday, October 11, 2010

Why "as is" properties are not selling and why "move in ready" properties ARE selling

When preparing your home for sale, you need to evaluate what home buyers have purchased in your neighborhood in order to determine your list price AND to determine what you need to do to prepare your home for sale. If every home sold in the past six months had granite countertops and you have Formica countertops, do you think your home will sell? If every home sold was "immaculate and move-in ready," do you think your home that needs painting and new flooring will sell?

Home Buyers today want a bargain, but they don't want to do any work. And they don't have to. The inventory of homes in our market is huge and ever increasing. Even if your home is priced to reflect the need for new carpet or fresh paint, the average home buyer will walk six doors down and pay more for the home that needs no work.

Remove as many possible home buyer's objections BEFORE you list your home for sale in Tulsa. Think Buyers may not like your OU crimson-colored game room? Paint it. Brass light fixtures looking a bit dingy and dated? Install new ones. Carpet in the den looking a little worn? Replace it, and consider wood flooring.

Seek the advice of a home stager and/or real estate professional to identify improvements that will likely yield a return on your investment. Spending money up front to make your home shine and stand out from the competition will make your selling process so much easier. If you can't do the work yourself, your home stager or Realtor will have vendors to recommend.

Why "as is" properties are not selling and why "move in ready" properties ARE selling

The winning home selling strategy does not change. Your home will sell if it is in top condition, priced correctly and marketed aggressively. Choose the Listing Realtor that understands this selling strategy.

Preparing your home for sale requires some sweat equity and a humble attitude – but your participation in getting your home ready for market is truly “priceless.”

Originally Posted at: Midtown Tulsa Real Estate - Lori Cain

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