Tag Archives: buying

Why Homebuyers Pass Up Good Homes

Why Homebuyers Pass Up Good Homes

Selling your home takes hard work and commitment to get it ready to impress buyers. While you can’t control the market, you can control your home’s appeal. Don’t let the following reasons make buyers pass on purchasing your home.

  1. Price: If you price your home too high, the right buyers won’t see it, and the ones who do see it will quickly realize other homes in the same range Homebuyers offer more value.
  2. Clutter: If your tables are full to the edges with photos, figurines, mail and coffee cups, buyers will be more focused on trying not to break something than considering your home for purchase. Too much stuff makes it confusing for buyers to see the rooms clearly, so they’ll move on to a clearer choice.
  3. Deferred maintenance: Buyers really want a home that’s been well-maintained, so it’s your job as the homeowner to keep your home in good condition. You don’t want buyers wondering what needs fixing and at what cost.
  4. Outdated décor: The reason people are looking at your home instead of buying brand new is because of cost and location. They want your neighborhood but not a dated-looking home. Take popcorn ceilings and flocked wallpaper down. Replace carpet with an upgrade or perhaps hardwoods.
  5. Smells: There’s not a buyer in the world who will buy a home that smells like pets, dirt or water damage. If you get an offer at all, it will be low and contingent on a positive inspection.

Functionality of Owning a Home

The choice of where you live is simply functionality, usually based on affordability. Renting is a great option while you build your savings and make another move or two up the corporate ladder before settling down to a home of your own.Focus On Functionality

While the function of renting is mobility, owning a home offers more choices and the opportunity to build equity. You may want more space, privacy, and better access to schools, family or work. You can expand your interests, such as cooking in a larger kitchen, creating art in a studio, or having a large back yard for gardening and entertaining.

As your preferences become more focused, you may find that owning a home is more suitable for your lifestyle. In most areas, you can buy a home more affordably than renting.

Let’s say that you find a 2,400-square foot home for sale or lease. You may be able to rent it for $1.25 per square foot, or $3,000 per month, but you can buy the home for $1.65 per square foot or $400,000. When you finance at a fixed rate over 30 years, your payment is closer to $1,900. Add in typical property taxes and hazard insurance, and you’re at about $2,700 per month, and all the interest is tax deductible, making buying the home a better deal.

Choosing a home is about getting the most benefit for your money. It should be a decision based on how well the location, space and design serve your needs and pocketbook.

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