In todays DC real estate market this is the question all sellers want answered, but for most realtors mums the word. In the previous real estate market the norm for most listing agents was to take a property that was overpriced to begin with, in its 'AS IS' condition (no matter what the condition), negotiate the best contract with the fewest contingencies for the seller (financing, home inspection, appraisal), and sell it in a week or less for more than the asking price. And most sellers got what they wanted!
Nowadays the tables have turned and buyers are the ones holding the reins to get the best home that money can buy. Due to the staggering amount of inventory in the housing market and buyers having the luxury of time on their side to make an informed decision, many homes just sit and sit. So, what are sellers to do?
First and foremost, sellers need to change their state of mind and understand the reality of this market. There is still plenty of opportunity for both sellers and buyers to get out ahead and create a win-win situation.
HGTV recently posted an article, 10 Easy Ways to Add Curb Appeal to Your Home, explaining what sellers need to do to command top dollar for their homes: ADD CURB APPEAL. Here are the top recommended updates that will pay off the most at resale:
- Minor Bathroom Remodel (Avg ROI: 102%)
- Landscaping (Avg ROI: 100%)
- Minor Kitchen Remodel (Avg ROI: 98.5%)
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