September 27th, 2013 Categories: Questions and Answers
Should we Replace the Carpet or Give Buyers an Allowance?
Replacing the carpet is always the best option for home sellers in the greater Crofton area, unless your carpet is in GREAT condition. Chances are that investment will more than pay for itself in the sale price, and it will likely shorten the time your home is on the market. For many home sellers, a quick sale is a high priority because of looming deadlines for a job transfer or settlement on another home. For others, the inconvenience of keeping the home tidy to show is a significant inconvenience – especially if there are children and pets in the house.
That makes 2 good reasons for replacing your old and worn carpet: higher sale price and fewer days on market.
In my experience, most home buyers don’t want to deal with deferred maintenance issues before or after their move to a new home. Unpacking and getting settled in is daunting enough, and they prefer a home that’s in move-in condition. Yes, it’s true that they may change the carpet or replace it with hardwoods, but that’s not your problem – at least they’ll buy the house! If all things are equal between your home and a competing property down the street, buyers will likely choose the one with new carpet – even if it’s not their choice of color and quality.
If replacing the carpet isn’t something you’re willing or able to do, listing your Crofton area home at a lower price will be more effective than offering a carpet allowance because it will attract more eyes to your home listing. As they say on one of the HGTV series, “Price trumps everything!”
I’m always happy to answer real estate questions for Crofton home buyers and sellers, even if you’re not yet ready to make a move.
Copyright 2013. All rights reserved. Margaret Woda
Local information posted to Focus on Crofton is my way of attracting new buyers to our community while keeping my neighbors informed. Please feel free to comment below or contact me directly if you would like to see a post about an event sponsored by your community organization or a specific real estate topic.