A few weeks ago I met with one of our clients, a gentlemen who owns a condo his mother used to live in which has been on the market for just over six months. The mother has moved out and our client is ready to sell and move forward.
The condo is perfectly maintained, but outdated in some aspects. The kitchen, baths, and all the furnishings are from the time when his mother lived there. We were at the point in the listing where a considerable price reduction was needed to generate interest.
The client wasn’t set on another price reduction since we had made a small adjustment in price a few months back, and like all of us, is hoping to get the biggest return when it sells. So instead, we discussed ways he could improve the property to give it a fresh, new appeal. Some small monetary improvements would cost him much less than a $10,000 or even $5,000 price reduction.
It got me to thinking, some sellers tend to want “out” as quickly as possible especially when they are selling an estate property or making a major life change, but they are leaving money on the table! Some improvements that don’t cost much can easily be done and the return could be much higher. For example, take down heavy, dated draperies or old dusty blinds to let in natural light. Or, give the main living area a fresh coat of paint in a neutral tone.
Why not invest a little money to get your biggest return? If you have time to make these improvements, give me a call. My team and I would be happy to offer feedback, suggestions, and a list of the best contractor contacts in the area. Contact me now to set up a time to talk at 773-2345 or firstname.lastname@example.org.