Is Your Home Worth What You Think It Is

Dated: January 6 2020

Views: 167

By: Chris M Johnson "Your Property Man"

Lexington, KY

One crucial part of the listing process is helping your clients to objectively evaluate their homes for marketability. To get a true evaluation other conditions such as home and property features, characteristics and condition of your home must be factored in.

Since the majority of people search online and first impressions are lasting, photos may want to be postponed until things such as curb appeal and interior conditions are addressed. Every buyer who sees your home will be comparing it to the competition in your area and price range. How your home compares is critical to how soon you sell it and at what price. Here are just a few areas that may directly concern the final price that you receive on your home:

Interior features & characteristics – While the number of bedrooms and baths are not something you’ll be changing to compete better with other homes, you do need to objectively compare them in order to end up with a listing price that will get your property sold. Some things can be considered for improvements, others may just need to be known so that you know how your home compares to other homes buyers will be seeing.

Other features/characteristics that affect the market price include:

Interior -

* Floor plan

* Built date and obsolescence

* Floors & walls condition, paint, etc.

* Kitchen features

* Room sizes

* Lighting, skylights, windows

Exterior – That “curb appeal” thing really does mean something. When a prospective buyer first drives up in front of your home, they’re going to get a first impression that is very important. Your Realtor should help you to look at things like landscaping, exterior paint, and condition. These are areas in which small expenditures can yield big results! It’s a fact that some buyers will ask to leave without ever stepping across the threshold if they get a bad first curb appeal impression.

Condition – Minor repairs can also make a major difference. Many buyers assume that a need for minor repairs indicates a general lack of fundamental maintenance over time. They’ll discount their offer, if they even make one, thinking they’ll have a lot of work to do to bring the home to a good condition.

Your Realtor should honest with you about things that they see and that buyers will see and consider in their evaluation. From cracked window panes to scarred walls or doors, your Realtor should let you know what they believe is important and make suggestions.

Your ultimate goal as a seller is to make sure that your home enters the market in the very best competitive position possible. A thorough and objective home evaluation is an important step in achieving those results.

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Chris Johnson

With over 3000 realtors (yes I said 3000!) in the Lexington Bluegrass Market Area, what makes me different than the rest? I can answer that question in 1 word: NINJA! According to ancient legend th....

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