If you want to sell your South Lake Tahoe Real Estate, you may be feeling overwhelmed with all the things that need to be done. Cleaning, de-cluttering and prepping a house for the local market requires work from the homeowner before it is truly ready to be listed. After all, the first two weeks are the most important which means making a good first impression is crucial. So what if your home needs some fixes or upgrades, but you can’t afford it? Do you wait until you can afford it? Do you price lower than your normally would? These are questions that can be answered by a South Lake Tahoe Realtor. Every home is unique and there are a lot of variables that come into play like location, size, local amenities, etc. Below are a couple options to consider, though you should consult your real estate professional before making a final decision.
Pros of offering an allowance or discount
If you cannot afford to make the necessary repairs or upgrades to your South Lake Tahoe real estate, offering an allowance or lower listing price are a couple of great options. When you list lower than market rate and “as is”, buyers know upfront that the home in question needs repairs and the seller will not be making them, but will instead list at a lower ask price. A home allowance is another option, however, it really depends on the repairs or updates needed. Let’s say the kitchen or baths desperately need to be updated. If a seller is moving out, they may not want to spend money updating or repairing to their taste, when they know that prospective buyers may not like it. By getting an estimate from a local contractor ahead of time and offering an allowance, you can entice buyers by letting them customize to their own liking. Your South Lake Tahoe Realtor will be able to advise more on these options based on your home.
Cons of offering an allowance or discount
While an allowance is attractive, buyers looking at homes for sale in South Lake Tahoe prefer a move in ready home unless they enjoy the fixer process or are investors who are looking to tear down and rebuild anyway. If a property needs a LOT of work, a buyer may not want the hassle of picking out designs, materials, chasing down contractors and the additional costs associated with this. The cons of offering a discount on the listing price can result in feeling like you left money on the table, which isn’t a good feeling either. Your Realtor can walk you through these two options to avoid any disadvantages.
While you may be feeling overwhelmed with the process of listing your South Lake Tahoe real estate, knowing that it may not be in the best condition or updated per todays trends, you have plenty of options. For more information on selling, feel free to contact me. I would be happy to guide you through the process.