What are some of the most important considerations when buying and selling a home?
The most important considerations in selling and buying homes is location, condition, size, and price.
Proximity to major highways, employers, and good schools impact location the most. Condition is self-explanatory and is judged relative to similar homes of the area and age. When selling a home, you should go through the home and look for cosmetic defects that can be repaired. More serious defects must be repaired or the home should be discounted in price to reflect the defect.
Upgrades can significantly enhance the home although it is very difficult to recover the investment made in upgrades. Generally, painting is the most cost-effective improvement to any home. The worst defects are what I call “Fear and Doubt” items; foundation, electrical, heating and cooling, roof items that show symptoms. Buyers cannot see through walls, floors and ceilings and the risk of unknown defects will impact price and sale-ability significantly.
On the flip side, for a buyer with cash and resources, fear and doubt creates opportunity. Another factor to consider is the exposure it gets to the market place. Having the home listed in MLS is required to get full market exposure. Advertising, social networking, open houses, internet, and good signage, Choose a Realtor® that you believe can get the job done. In our business model we will provide you with the facts and are opinion and you decide your price. You know your home and neighborhood and combined with the sales history, your needs, and advice we provide, you are the best expert to make that decision.
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