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What Real Estate Buyers Really Want



S


ellers, it is time to           mind that just because the house  
polish your presentation if     next door to yours got one price, 
you intend to sell your         this does not necessarily mean    
residential property in today’s       that there is another buyer out   
changing market. With increasing      there willing to pay the same for 
inventories of unsold homes and       your home. If your agent agrees  
the softening of real estate          it is necessary, hire an          
activity in many areas, you will      independent appraiser to          
probably be facing greater            establish an objective opinion of 
competition in the marketplace.       value.                            
Knowing what buyers want will                                           
greatly improve your chances of       Buyers want quality and           
making a profitable sale.             dependability. With economic      
                                      conditions in transition,         
Buyers want reasonable asking         homebuyers are looking for home   
prices. Gone are the days of         construction, features and        
multiple offers on overpriced         finishing that can withstand the  
homes, with desperate buyers          test of time. Classic designs    
waiving appraisals, contingencies     that have proven their popularity 
and inspections in an attempt to      tend to be more in demand when    
win a bidding war. Get               market conditions are             
professional opinions of the          unpredictable. For example,       
current market value of your home     bamboo and oak flooring and       
before establishing your asking       custom-designed kitchen cabinets  
price. Ask your real estate           made of durable fine woods add    
agent to conduct a comparative        significantly to a home’s buyer   
market analysis (CMA), evaluating     appeal. Neutral wall colors sell 
the selling price of nearby           better than trendy designer tints 
properties with similar features      or wild wallpaper, because buyers 
and square footage. Also keep in      find it easier to visualize their 



furniture against a neutral           economic trends, watch the        
backdrop.                           mortgage interest rates and work  
                                      intensively with their real       
Buyers want amenities that offer      estate agents to beat the         
comfort and convenience. Homes       competition for homes. Such       
that provide ways to pamper the       well-informed buyers will not be  
homeowner are exceptionally           eager to purchase property from a 
attractive. Examples include         seller who is out of touch. They 
master suites with his and her        will prefer to work with sellers  
bathrooms (or at least his and        who know what their home is       
her sinks), soaking tubs and          worth, list a property in top     
rainforest showers, private           showing condition and are willing 
exercise rooms and well-organized     to give concessions to the buyer  
walk-in closets. Buyers              when negotiating the terms of the 
appreciate homes that have            purchase agreement.               
high-speed Internet wiring and                                          
multiple phone lines for personal     Ask your agent for feedback from  
computers and home offices.           buyers who visit your home.       
Amenities that set your home          Selling your home could require   
apart from the ordinary will          you to invest in upgrades or      
catch the attention of buyers.        cosmetic improvements such as new 
                                      carpet, paint, lighting fixtures  
Buyers want to work with savvy        or hardware. Your real estate    
sellers. During the past several     agent may suggest deep cleaning,  
years, homebuyers were at a           home staging or replacing window  
disadvantage in the hot seller’s      coverings. It might take more    
markets that dominated Rio            effort than you anticipated, but  
Rancho’s real estate climate.         placing your home above the       
They had to study local market        competition will help secure the  
conditions, pay attention to          sale.                             



                                  




About the Author:

Sean Remington, CRS, ABR, is an Albuquerque, NM REALTOR® with RE/MAX Masters. He can be contacted at (505) 883-8979 or online at http://www.NMHomesOnline.com.


Read more articles by: Sean Remington

Article Source: www.iSnare.com


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