Wednesday, September 25, 2013

When you have moved on... but your old house hasn't

You knew you were moving over the summer. So you listed your home for sale in the spring.  You planted some new colorful flowers, decluttered your closets and had some showings.  You took your family photos down cleaned out the basement and had your real estate agent hold an open house.  You lowered your price. And then, because you needed to, you packed everything up and moved.

You're enjoying your new place, because you've moved on.  But your house hasn't.  Now what?

Whether or not you are carrying mortgages on both homes, you're still stressed.  Why hasn't my home sold?  What if it doesn't sell before winter?

Have you listened to the advise your Realtor has given you?  Not only the comments you liked or agreed with, but all of it.  The part where they may have suggested doing something that involves money or effort that you didn't want to do.  Now may be the time to take action on the feedback you've received from your Real Estate professional and the buyers who came through your home and did not make an offer.

Is there a consistent theme to the comments?  Did you hear negative comments about the paint color in a particular room multiple times?  Is the kitchen outdated compared to other homes in your area that sold?  Repainting isn't about finding "the" color a buyer wants, but more about not having a color that is too personalized.  For example, my 8 year old loves the pine green ceiling painted in his room.  I think it looks great too. While I am living in my home, it's my personal taste that matters.  However, if I am selling my home you can bet the ceiling will be repainted.

If you do see a theme in the comments and feedback you have received about your home, talk to your Realtor about how to best address the not so hot features and attract a buyer.  You should also ask for an updated market analysis to ensure you are priced correctly as prices are constantly adjusting to the market.



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