Welcome to the New RealTown! Submit Feedback
Member Login | Join RealTown
The Real Estate Network

Real Estate Bits and Pieces

Blog by Susan Pruden
Cheverly, Maryland

Informal observations about Prince George's County Real Estate and happenings around our local area. I'm Susan Pruden, in Cheverly Maryland and I welcome your comments and participation.

Subscribe

Your E-mail Address:
Subscribe to:

Recent Comments

RE: Would Someone Tell Me What Buyers Want?
Thanks, Tom -- you can read my response in my next...
RE: Would Someone Tell Me What Buyers Want?
In my opinion the number one item of importance in...
nice post
Nice and useful information i found your post . &...
RE: How Strong is Your "Have To"?
Thank you for your viewpoint.  bw...
RE: Your Hard Work and Selling Your House
  Year ago I was searching a site where I cou...

Site Feed

RSS Feed

My Old Jeans and Your Old House

Tuesday, December 4, 2007
Categorized in: Seller Tips
Tagged with: repairs, selling, updating

What do my old jeans and your old house have in common? For anyone to want to buy them, they'll need some work! And "old" has nothing to do with age -- I've seen 2-year-old houses that look like they've been lived in for 20 years!

To all of you sellers who have put money into fixing up your house to put it on the market and are now having to reduce your price -- you didn't waste your money! You may not make back what you put into it, but you may be one of the few to actually sell your house!

Anything sellers can do to repair, update and neutralize puts you in a better position to sell your house. Period. In a sea of "average", whatever you do to make your house stand out (okay, in a positive way, please!) will help your house be the one that sells.

Forget making it sell for more than anyone else's. In this market, the one that sells is way ahead of the crowd. If you are doing the improvements, repairs and neutralizing to get a better price, you're likely to be disappointed. If you're doing it to get the house to sell, you've got the right idea!

The only houses that are selling today for higher than average prices are those houses that are truly above-average themselves. A new counter-top in a kitchen that has a harvest-gold refrigerator and 10-year old stove and dishwasher does not make for an above-average kitchen. An above-average kitchen is one that has been thoughtfully and tastefully updated from top to bottom. One that looks as if there were a plan in mind, rather than the buckshot approach to updating.

An updated kitchen in an otherwise dated and shabby house will not bring top dollar, either. At least three-quarters of the house has to shine for it to be above average and the kitchen and baths had better be included in the updates.

For most sellers, it isn't cost-effective to remodel or revamp the whole house, so you'll have to price it to reflect the condition. And believe me, what is comfortable for you to live in is not what buyers want to buy. They were probably comfortable in their old home as well.

My oldest jeans are my most comfortable, but I can't imagine anyone wanting to buy them, in their current conditon, at any price! A lot of work would have to go into those jeans to make them attractive to anyone else. I either have to fix them up or forget selling them.

It's the same with your house.

(C) Susan Pruden.

User Comments

1. RE: My Old Jeans and Your Old House

Written by: Boyd
Wednesday, December 5, 2007
Great comment Susan. I could not agree with you more! Too bad far to few Realtors and or Ownrers will read and or take heed!

Write a Comment

Your Name:  RealTown Members: Click here to login
Your E-Mail: 
Your Website: 
Subject: 
Your Comment: 
Notifications: 
Privacy: 
Verification: 
To verify that you are a human and not a script, please enter the verification word from the image into the box on the right.