Thursday, April 29, 2010
Wednesday, April 28, 2010
Thursday, April 22, 2010
Wednesday, April 21, 2010
Optimism = Opportunity
The house next door to us was semi-gutted by a fire back in December. I think many of us in the neighborhood have been curious about how it would look when remodeled...and about whether or not it would go on the market.
Well, the work is complete and the house looks fairly fantastic. It went on the market at the beginning of April and already has an offer pending despite the rather "optimistic" asking price.
Quick conclusion: If you're looking for that price at the upper-end of your neighborhood market value, a sparkly clean presentation with new updates can, in some cases anyway, justify your high-end price.
The home was built in the 50's but new paint, hardwood flooring, kitchen counters, cabinets, appliances and windows make it feel new. Talk about turn-key!
So, you can't afford to completely remodel your home? (Most of us are in the same boat, by the way.) But clean floors, paint and a strategic update or two (like a new kitchen countertop or fixtures) can make a huge difference in a buyer's eyes. That's just something for them to take off their list of potential fixer-upper costs.
At the top of this post, I called the asking price "optimistic." Turns out that the clean and new "feeling" buyers got from this home paid off. "Optimistic" price based on the home's condition turned into a real "Opportunity."
Well, the work is complete and the house looks fairly fantastic. It went on the market at the beginning of April and already has an offer pending despite the rather "optimistic" asking price.
Quick conclusion: If you're looking for that price at the upper-end of your neighborhood market value, a sparkly clean presentation with new updates can, in some cases anyway, justify your high-end price.
The home was built in the 50's but new paint, hardwood flooring, kitchen counters, cabinets, appliances and windows make it feel new. Talk about turn-key!
So, you can't afford to completely remodel your home? (Most of us are in the same boat, by the way.) But clean floors, paint and a strategic update or two (like a new kitchen countertop or fixtures) can make a huge difference in a buyer's eyes. That's just something for them to take off their list of potential fixer-upper costs.
At the top of this post, I called the asking price "optimistic." Turns out that the clean and new "feeling" buyers got from this home paid off. "Optimistic" price based on the home's condition turned into a real "Opportunity."
Monday, April 19, 2010
Monday, April 12, 2010
Thursday, April 8, 2010
Monday, April 5, 2010
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