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My guest Mike is a real estate broker in Virginia, Maryland, and D.C; he and I partnered up a month ago and today we’d like to talk about the importance of your property’s condition when it comes to selling your home.
Three months ago when the market was busier, people couldn’t get away with failing to paint their house, fix the grout in the bathrooms, or other such details, even though they felt they could.
We’re discovering that we have an available pool of buyers who’ve been pre-qualified, but they’re also quite particular about the homes they’re willing to bid on. If the house isn’t in top condition, they won’t pull the trigger.
This is why it’s important to have an agent who knows the area and what buyers are looking for. They can tell you what you’ll need to do in order to make a good impression on the buyers, whether it be hiring a handyman or a contractor to fix your home up.
We all know that we have historically low inventory, but still house aren’t selling. Sellers wonder why, but we’re here to say that your home’s condition could very well be a factor.
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Buyers don’t have to race to put offers on a property; rather, they can hold out until the house is in their definition of move-in condition.
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Buyers understand that our market isn’t undergoing a kind of gold rush. They don’t have to race to put offers on a property; rather, they can hold out until the house is in their definition of move-in condition. These buyers are ready to purchase, but they won’t move until it’s just right for them.
We’re still in a strong seller’s market. We have about two months of supply, though in D.C., inventory is starting to grow. We'll have to wait and see what will happen over the next month or so, but we’ll continue monitoring the market and updating you with valuable information.
If you have any questions in the meantime, feel free to reach out to us. We’d be glad to help.
