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Why Buyers Prefer Move-In Ready Homes?
Home
buyers today are educated and press for time. Buyers prefer homes
where they can just move-in and start enjoying life in their new
homes. They will pay a premium for this.
Houses
with outdated decor will take longer to sell and sell at a deep
discounted price depending how much modernization the house need.
Only 5% of buyers can truly visualize how beautiful a home is
past the outdated decor.
For
those 5% who can see the value past the so-so appearance, they
will factor the cost of remodeling into the offering price. Most
of the time, the cost of remodeling is exaggerated for conservative
estimation. That is why houses with outdated decor are always
sold at a deep discounted price.
In
order to fetch to top price, seller need to modernized their homes
and keep up with the necessary repairs. Houses that have been
modernized (granite countertop, wood floor, recess lighting, paint...)
and is well cared for will sell faster even at a price that is
10% to 20% over market value.
For
sellers who try to sell their homes with the original 50s to 80s
decor, it is important to modernize the houses before putting
it on the market. A good real estate agent shall be able to advise
you on how to get the house into a sale ready condition at a minimal
cost and recommend good contractors to assist you.
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