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As a homeowner,
you may be reluctant to spend money to fix up a house you
are selling. But the other way to consider it is:
Can you
afford NOT to invest in selling quickly or for top dollar?
Especially in
slower markets, you'll have lots of competition from other
homes in your price range. Ask yourself:
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What is
costing you to carry this house month after month?
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Are you
putting the rest of your life on hold while waiting to
sell?
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What's it like
trying live in a house that's spotless and "Buyer Ready"
all the time? (take-out meals, restaurants,
cleaning services, boarding pets, etc.)
It costs
less than your first price reduction.
Even in the most
expensive home staging scenario - where your home is
completely empty and you need to repaint and furnish it with
rental furniture, your cost will be considerably less than
your first price reduction if the house doesn't sell when
you need it to.
Staging is
a small investment with big dividends.
The bottom line is
that with an investment of only a few hours and less than a
thousand dollars, you'll either have a comprehensive plan of
what needs to be done or the rooms staged beautifully and
ready for buyers.
If you home needs
rental furniture, art and accessories, your investment may
run into the $3,000 to $8,000 range. Again, the
investment will still be less than the typical price
reduction if your house doesn't sell. Spend a weekend
going to Open Houses. Notice how drawn you are to the
homes that show beautifully.
If you leave your home as is, how will it be remembered by
potential buyers after a long day of seeing 8 or 10 homes on
the market? Make sure your home leaves the buyer
excited! |