Competing with Foreclosures

Sep 25th, 2010 | By | Category: Market Update

Forclosure Market | The Sahuarita ConnectionWhether we like it or not, bargain-priced foreclosures are a part of our Sahuarita real estate inventory. Before you list your house for sale, make sure you do what it takes to make your house look like a well-maintained, quality home. Many (but not all) of the foreclosed homes on the market are distressed, dirty and are missing standard items like appliances, light fixtures and window coverings. The yards are often overgrown and full of weeds. If you want to get a fair price for your house in this market, make sure your home doesn’t appear to be in the same category as the neglected foreclosed homes. In addition to keeping your house super clean and clutter-free, there are steps you can take to make your house feel like a nice, quality home.

Here are a few tips to get you started:

1. Clean your light fixtures. Take a good look at your light fixtures and ceiling fan blades and remove all traces of dust and dead bugs. Replace burnt out bulbs and get rid of shabby looking lamp shades. If you want to take this a step further, consider updating your bathroom and/or dining room light fixtures with more modern versions. Lowes and Home Depot have some nice, affordable selections.

2. Dust off your to-do list. Complete all the little repairs and cleaning projects you’ve been overlooking. Replace air filters and clean ceiling vents, re-caulk plumbing fixtures and tubs, fix rips and holes in screens, clean baseboards, remove hard water stains from shower doors, steam clean carpets and patch and paint any holes or dings in walls.

3. Spruce up your yard. You can dramatically improve your home’s curb appeal…and your potential buyer’s first impression…by doing a major overhaul of your front yard. Go beyond basic weeding and prune lower branches from trees, trim bushes and shrubs and rake rocks to create a more uniform, even look. Sweep or power wash walkways and driveways.  When you’re finished, move on to the backyard.

Do not think for a moment that buyers will overlook any of the unfinished items on your list.  If the signs of neglect are there, a decrease in value will be perceived. Make sure your house makes the right impression!

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