Friday Facts: To Fix it Or Not!

FRIDAY FACTS

May 23, 2014

 

FIX IT OR NOT? WHAT TO ASK WHEN PREPPING YOUR HOME FOR SALE.

From an article by Laura Gaskill in Houzz

 

  • How hot is the market in your area? It it’s a seller’s market, you may be able to get away with less, but if it’s a buyer’s market, start fixing.

 

  • How fast are you looking to sell?

 

  • What is the condition of comparable homes on the market? Examine photos or attend open houses. Are the kitchens updated? Are floors in good condition? Compare.

 

  • Does the faulty item give the impression the property has not been well cared for?

 

  • Can you find a less expensive fix? For instance, all comparable homes have updated kitchens. Can you get away with painting the cabinets, changing the hardware and upgrading the appliances?

 

  • How much will you realistically need to lower the price if you don’t fix it?

 

  • Is the “fix” one of the first things potential buyers will see? Remember the importance of first impressions.

 

  • Could it be a deal breaker?
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