The WOW factor

As we look back on 2012, we see a lot of similar patterns to previous years.

Sure, home prices have dropped. But if the home you are selling has dropped in price, then so has the home you want to buy. If you want to move on, you have to look at the whole picture. Also, consider if your next purchase is in an area that will probably be a better investment than where you are currently located.

Many buyers do not understand this.

It is not what you think your home is worth, it’s what the buyers think it is worth.

If you don’t agree with this, then you shouldn’t be selling your Home.

If you want top dollar and you want to sell your home within a couple months, then your home has to have some WOW factor to it. There is too much competition out there in this buyers market.

Top dollar is defined as the best possible price based on what similar homes have sold for, what buyers are willing to pay and what appraisers think it is worth.

We Sold over 60 homes this year, and the ones that got top dollar were the ones with the WOW factor.  The Homes that were missing this WOW factor, sold only if they were priced thousands and thousands of dollars less. If your home hasn’t been updated, you have to find a buyer willing to do the work, then the price has to be appealing enough for them to make it worth their while.

It may be very expensive to update your home in one shot. Most cannot afford to do this in a short period of time. The bottom line is you have to do some updating to your home every year, so when when you decide to sell, your home will be in WOW factor condition, with very little cost getting it ready for sale.