Should You Do Those Home Improvements Before Selling Your Home?

| | Comments (0) | TrackBacks (0)

Qualifying for an affordable mortgage has grown as an issue for most buyers.  If a seller is considering putting money into the home in order to boost the sale price, this might be a bad strategy.  A buyer who is squeezed  financially might be willing be bend on amenities to lower their monthly payment.  The buyer can do the fixing-up later when he or she has the money to do so.  A seller should consider how much the improvements would cost relative to how much they would boost the bottom line; it might be wiser to market your home as a “fixer upper”. 

Furthermore, at the lower price, the buyer’s equity may cover more of the down payment, helping them to get a better rate. Today, buyer’s top priority is affordability…not necessarily stainless steel appliances.  Remember, while builders can afford to throw in amenities at cost, most sellers cannot.

0 TrackBacks

Listed below are links to blogs that reference this entry: Should You Do Those Home Improvements Before Selling Your Home?.

TrackBack URL for this entry: http://www.allaboutrockland.com/cms/mt-tb.cgi/1

Leave a comment

About this Entry

This page contains a single entry by Carol Newman published on November 10, 2007 12:09 PM.

Transform Your Home With New Windows is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Powered by Movable Type 4.01