With home ownership being a basic goal of life in modern society, it’s surprising how complicated and confusing the home purchasing and sales process can actually be. This is especially true if you’re not a real estate professional, if you’re selling a home for the first time, or if you’re in an unfortunate situation after one of life’s “curveballs”.
To complicate the matter, you may have many people – in your personal life or business professionals – trying to persuade you to make a choice to either sell or list your home. Before you can make a decision on listing or selling your home, there are a couple things you should consider.
How nice is the property?
This is the hard part – being honest with ourselves. What may have been a great family home for generations now more than likely looks dated to a new home buyer.
Today’s traditional buyers who are paying top dollar for homes expect green energy features, optimized outdoor living spaces, open living concept floor plans, and master bathroom suites. These retail buyers work with Real Estate Agents and look at all the competing options available in their price range. Unless you have recently renovated or upgraded, with new build construction on the rise in many communities, it can simply be hard to compete.
However, even if your property isn’t newly updated – don’t fret! The outlook is not dim! In today’s market, many buyers are actually looking for properties that need work. These buyers are investors, and range from a couple looking to purchase and live in the home themselves while they fix it up, to companies who professionally purchase these types of homes and redevelop them to their maximum potential.