Where Is the Inventory?
In the current market, with homes taking longer to sell and with report in the media of a decline in home sales over previous months, you might wonder why I am asking this question. Sure, there are plenty of homes in the real estate market in Canton MA and Milton MA. However, within the price range that most first time homebuyers are looking, the "move-in ready" inventory is limited.
I understand that for some Sellers, making an improvement just to sell is not financially possible. However, for those that in any way have the option, I would highly suggest it. The majority of buyers are either busy professionals or young families and many just do not have the time to take on a major renovation. The lower price may make it feasible for them to afford the renovations but the fact is they do not want to do it.
So, if at all possible, strip the wallpaper, paint the walls, clean the carpets - or better yet pull them up & sand the floors, and by all means, get rid of the paneling! Perhaps cabinet refacing or new appliances are possible. Seriously consider trimming your shrubs, planting some flowers or cutting the grass. Ask your REALTOR for advice and consider using a home stager. I predict your house will sell quicker and closer to your asking price (assuming it is reasonably priced!).
I have seen many houses sit on the market for months and months while others fly off the market after a few days. It is those move-in ready homes that are moving. Buyers are generally willing and able to pay more for a move in ready house, especially one in a good location.
There are buyers out there looking. The inventory, however, is a bit limited.
I am an Exclusive Buyers Agent and not in the habit of giving advice to home Sellers. In this case, I have seen one too many homes with paneling, wall-to-wall carpeting and outdated wallpaper and I just felt it needed to be said by someone looking in from the other side!
Whether you are looking for a fixer-upper or a move-in ready home in Canton MA, Milton MA or a surrounding Norfolk County community, contact your Canton MA Buyer Agent to assist with your home search and provide you with 100% buyer representation.
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Christine Smith is an Attorney and Exclusive Buyer Agent with over 25 years of experience in the real estate field.
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