Tuesday, March 29, 2016

Home Buyer Tip: How Much Imperfection is Acceptable?

Rarely does the perfect property exist.   

This is particularly true when a buyer is considering re-sale homes and condos.  While a house or condo may have been "perfect" (or almost)  when it was built a few years ago it has likely "suffered" degradation from human occupants or the environment.

As a buyer consider how much imperfection you are willing to accept.   Read the first sentence again.
Move in condition likely does not mean nothing will require attention at some point.

When the inventory of available potential properties is light buyers have to weigh the imperfections.

When choices are plentiful then things like dated carpet or some gawd awful tacky wallpaper (I really hate wallpaper myself) can cause a property to be stricken from consideration.

But when the choices are limited think ..."Its ONLY wallpaper!"

Some things can't be changed.   Location, home owner association membership and rules, traffic patterns, etc.  When price, location, overall condition and circumstances align ONLY comes into play.

Things that can be changed, even if its later, should be evaluated in a tight market.   

Don't let worn carpet, wallpaper or even some ugly paint block an otherwise great prospect from consideration.

Home buyers, please read  Finding the Imperfect home.

Finally, a few words for home sellers....

Your home may have some flaws due to design obsolescence.  The flaw may be location, traffic, the neighbors (yes, bad neighbors can be a flaw).  It may have some defects as a result of aging.
You can fix some of these issues.  

Some imperfections can be overcome through pricing.  Some can be overcome by proper staging (including removing excess "stuff").   Some can be overcome by repair (yes, fix the AC, the roof, the major show stoppers!).   A home does not have to be perfect to sell.

Whether buyer or seller remember imperfections will exist. 

Ready to buy a home in Melbourne. Florida?  Call or text me at 321-693-3850.