By Kenneth Session
Is Your Home a Turn-off for Homebuyers? Frustration describes it better! It probably is the worst disappointment for any seller when their homes stay longer than usual in the listing market with no prospective buyer. Every seller hopes to have their home sell at the fastest rate after listing, but sadly this is not always the normality. It’s a seller’s market country-wide, and Oakland is not an exception. A home is listed today, and it’s sold by tomorrow, such a crazy fast sale mode, right? It, therefore, would raise some red flags to any seller whose house lags unusually in the market. All left for the seller is pondering and unending questions, but could the home be a turn-off? Yes, it could, for these reasons;
O
verpricing your home - It’s always a bustle and hustle for buyers before and when preparing to purchase a home. They have to strain their finances and do a lot to make sure they qualify for loans to meet the down payment and closing costs for houses. With all these on their side, they find it a tedious task to try and negotiate for a home price but prefer to go for the less expensive home because the crazily high price is a turn-off for them. “Data shows that if you list WWW.THEPOWERISNOW.COM
a home 10% under market value, you will attract 75% of the buyer pool, versus only 30% if you were to list 10% over market value,” said Melissa Colabella, at Sotheby’s International. Any seller should, therefore, reasonably set home prices by consulting a quality realtor. UNATTRACTIVE CURB APPEAL It is more of the first impression than the interior of a home for buyers. Curb appeal raises the value l
99