Johnny Bitti hopes to sell his home before July. Raymond Kalu, Century 21 Hometown agent from Sterling Heights, Michigan says, “Bitti needs to start thinking about how to make his home stand out from the rest. The trick is to spend time and money on fix-ups, getting the house to look neat and open instead of spending money on remodeling projects.”
Kalu seems to have his hand on the pulse of the market. Remodeling magazine completed a study of homeowners across America and the result is that the owners aren't recouping as many improvement costs as they could in recent years. In fact, real-estate agents advise clients not to overdo it, regardless of what the local market conditions are like.
The investment for any remodeling projects is added to the selling price of the home. Chaldean real-estate agents say that the buyers market is fiercely competitive and sellers will have trouble selling a home with value added costs added to the bottom line. The reason is that asking prices are based largely on comparisons with similar homes in the area, Kalu says. “And in the many markets that aren't exactly booming right now, buyers have more negotiating power over the price of a home,” he adds.
www.CHALDEAN.org contacted a number of Chaldean real-estate agents and asked them for their best tips for Chaldean homeowners looking to sell. Here is what they had to say…
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