I thought that this money was offered to first time homebuyers, so that, once they were in their new home, that they would spend the $8,000 on improving the new home. The monies that they would spend on that new home, were to stimulate the local businesses. That being said, why are the buyers expecting every home to have, new siding, new windows, new, stainless appliances, refinished oak floors, new furnace, new roof and the home must be freshly painted.
Hello? I find it hard to believe some of the feedback that I am getting on my listings. Some of these items are in the homes, but, not all. If the Sellers have already dropped their prices to the bottom of their budget, are the buyers still not going to choose their home to purchase because it doesn't have the new stainless appliances? Maybe. I think that in our last, high market, because there was so much flipping with homes going on, that the buyers indeed, expect all homes to be like new, inside and out.
Unfortunately, all of them are not. If you are a Seller in this position, your home will sell. It will just take longer. Save money and drop your price, now. More homes, in my area, are selling. The ones with all of the updates sell much faster than those homes that have partially updated. If you cannot find the funds to update your home more than it is, then you might as well drop your price now. Don't wait. Waiting will only cost you more money in the end. Taxes, utilites and maintenance.
There are a few buyers who are handy and don't mind painting and cleaning. Your home should have strong bones. Meaninng, the structure, the roof, the windows, the electrical service, the furnace (heating system) and the plumbing. Those buyers will be interested in your home, if it is in their price range. Again, drop that price. It is the answer to the faster sale. By the way, the $8,000 bailout refund for first time homebuyers expires now on November 30, 2009.
Hosting an Open House today, in Manchester, Ct! 87 Prospect St, Come by and visit or just, Wish me luck!
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Fran
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