Vacant home sales and absentee owner home sales in Barrington are what we do best.
Continuing our series on selling vacant homes in the Barrington area. If you missed the first instalment we talked about preparing your vacant Barrington home for sale.
Now it’s time to talk about fixes and repairs or cash allowances. This can be a tough question to answer especially if you are an absentee owner and don’t want to have to come into town to take care of repairs etc. We know that any buyer will more than likely have a home inspection done. That will reveal small items that need fixing as well as fundamental things that need repairing or replacing. Much of this you may not even know about until the buyer presents you with a request for either repairs to be carried out or for a credit or price reduction to offset their future cost. This is all normal and part of selling real estate here in Barrington.
What I really want to address are things that might stop your buyers from even making an offer. These are the visual aspects of a home that make it appealing to buyers.
- Property Location. There’s never anything you can do about this to change it. It is where it is as they say.
- Curb Appeal. First impressions are very important. it’ll be difficult to keep fresh plants and flowers so we recommend that you don’t risk having dead plants or fruits at your doorstep. Rather just make sure your buyers won’t be looking at cobwebs or wasps nests. Outside it will be necessary to keep your grass cut during growing months and the weeds at bay.
- Wallpaper, Paint and Carpets. These items can cause the biggest emotional responses from buyers. They might hate your wallpaper, loath your paint colors and detest the stained carpets. If you offer an allowance will they be able to look past the issues? The answer is NO. They won’t. Aside from that initial emotional response, they don’t want to have to do the work. Yes you might find a buyer that will but it’s going to hurt your bottom line. So suck it up, get rid of the wallpaper and paint a neutral color throughout. If your carpets won’t clean up with a steam clean, then get out the check book and have them replaced. Cheaper clean carpet is better than expensive dirty and stained carpet.
- Broken Mechanicals. If you have any functional part of the house that’s not working you can take your chances here that a buyer will agree to a credit after the home inspection. If they won’t then it’s down to you to get them replaced or repaired or risk losing the buyer. My recommendation is, if you know it’s broken or about to fail, get it fixed now.
I hope that answers the questions about whether you should resolve issues or give credits. We’re not talking about upgrading your home here, just making it the best it can be before the buyers start coming.
Next we’ll be talking about comfort of your buyers as they consider your home.
Serving Barrington and the nearby suburbs, call us if you have a home to sell, we can do it all remotely, saving you time and aggravation. Corinne can be reached by email or at 847-363-3686.