Deborah Carter's blog

Should the Owner Stay During Showings?

When selling your own home, it is a natural reaction to want to be home to help with the showing.  After all, who knows their home best? 

The seller can talk about all the best features like his son’s airplane collection, the swing set that his kids used for years, the above-ground pool that covered up the hole from the underground tank removal…. Then the buyer stops in mid-stride. “Excuse me, what was that about an underground tank?”  Seller replies:  “Oh, we thought it was a problem but had it checked out and it was no big deal – just forget about it.”

What the home seller just did, in a friendly sharing of information, is brought up a big red flag in the buyer’s mind.  They will now walk out of that home with more questions than they should have at this point in the process. Everything should absolutely be disclosed, but at the proper time and in the proper format. 

Finishing The Basement . . . High Impact With Low Cost

As a Realtor®, I have seen all types, quality and sizes of finished basements. 

Overall, the cost of the improvements are rarely returned when the owner sells the home.  Typically a $25,000-$30,000 finished basement will bring back in the market about $10,000-$15,000. 

My recommendation has always been that it is best to buy a home with a finished basement, rather than finishing it yourself.

How can the cost/depreciation equation be mitigated or made about equal? 

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