This is the post 6 of a series of posts about selling your home.
What does it take to sell your home in Sumter? This is a question that I often hear. I like any other agent have had some homes linger on the market to suddenly sell. I have also had homes sell very quickly. The properties that sell have several common threads among them... You have probably heard this before if you have listed a home, watched the shows on tv or read on the internet, but here goes....
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How much work does the house need to be lived in by the new owners? Few buyers start looking at houses excited to do a lot of work to them. If it comes down between two houses that the buyers like, they will choose the home that has the least amount of work for the value of the house. What does that mean? If the buyers look at two houses and one is in better condition and is move in ready and the second home is $5000 less but requires that much in repairs, the buyers are very likely to choose the first home that doesn't need repairs. If the second home needs $5000 in repairs and is $10,000 less than the first, then it would turn the buyers heads. The other deciding factors could be the actual work that needs to be done. Simply put, in our market where there are many VA loans, buyers simply do not have the cash or ability to purchase large dollar items for required repairs. Many buyers can provide the elbow grease to get the job done, but cannot afford large sums of money to purchase materials.
Other Blogs in Selling Your Home Series:
I hope you have enjoyed this information and the series of posts about selling your home. For a free consultation or for more information, please contact me at 803-840-7519. I can also provide a free Competitive Market Analysis for pricing information on your house.
Kim Peasley-Parker
Realtor®/Shareholder
AgentOwned Realty
Heritage Group, Inc.
Cell 803-840-7519
Fax 853-725-6506
