If Your Property Needs Improving, Do Not Price It As If It Does Not


If Your Property Needs Improving, Do Not Price It As If It Does Not
By Scott Rogers • July 20, 2021
Buyers are tripping over themselves to buy houses these days. They'll pay a price higher than you'd expect for just about any property, regardless of condition, right? Well, maybe not all the time. If your property (where you live... or your rental property) needs painting, and flooring, and general repairs, and landscaping help... ...maybe you shouldn't price it as if it does not need those improvements. Again, in this market, anything is possible -- but if ten buyers come to see your house in the first week and they all would have liked the house at your list price if those improvements had been made -- but not without the improvements -- then you will probably find yourself needing to make a price adjustment. So, when you are pricing your home -- compare not only the specs (size, age, location) to other recent sales -- but also the condition! Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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