That is because they are viewing every single home for sale, in specific price ranges. They are also writing offers for those homes on behalf of the buyers they are working with.
“A Trusted Real Estate Professional, never takes the “writing of offers” phase of their business relationship for granted…”
This is something where the “true expert”, will slow down for, in order to be as “precise” as they can be.
During this phase of the real estate “agent – buyer” relationship, “full disclosure” is where the “realtors” mind should be.
When a Realtor is “commission focused”, you may start to feel pressure and you may see some, “show their hand”, in the way they are “hurrying you” through the process.
Which is a totally different feeling from the “time sensitive nature” of a fast paced real estate market, I’m talking about “unnecessary” pressure from a “crappy salesperson”.
Buyers convey to their real estate agent what items in homes are important to them and here is the breakdown for you sellers and property owners out there.
Additional Resources: When you are preparing your home for sale – Fit to Sell, is a great start.
1 – Remodeling the kitchen: This is a big one – You can bet that you can obtain upwards of a 60% to 120% return on your “initial kitchen” remodel investment. If you choose to sub out the work, you may even earn back more.
Buyers love their kitchen spaces – large, open and roomy with the ability to entertain with close friends and family therein.
2 – Bathroom Remodel / Addition: To be in accordance with our local market, besides adding an additional bathroom, the Expansion of or Upgrade of the Master Bathroom is just as applicable, in a majority, of our real estate buyers eyes.
As a seller, you can expect to recoup 80% to 130% on any bathroom project that makes your home larger or moves it closer to the 21st Century.
3 – Adding Square Footage: If done right, in our local Greater Los Angeles Market, we see this paying back more than the statistical of 50% to 83%
People love their living spaces. They enjoy the open floor plans where the kitchen has been expanded allowing for more space therein, or an expansion of a directly connected living/family room.
4 – Deck – Porch Addition: In the Santa Clarita Valley and Greater Los Angeles Areas, Decks can also be called “outdoor spaces” in the way of covered patios and custom concrete slabs extending the “entertainment areas” in back yards.
We see close to the 65% to 90% return on initial investment, if the job was permitted and if the materials used were at least “middle of the road”. (bragging rights related to “not cutting corners” regarding the permit process are worth serious $$$ from buyers)
Today’s real estate buyers are more savvy than ever. They are going to detect a “cheap job” and it may be enough to turn them off when it comes to your home that is being marketed and viewed.
There are many “fixes – upgrades – repairs” that can be done on behalf of a seller, but you need an Realtor Expert to guide you through the process.