Thursday, July 29, 2010

The Psychology of Real Esate - Interesting

Here is an interesting article about how people think & see real estate choices & options.

I definetly would reccomend painting and recarpeting if your home is showing too many signs of aging or wear an tear. This will help the buyers get past the cost & hassle of having to redo it themselves after they purchase. Most buyers will over compensate about 2-3 times for these type of items.

Example: If a buyer walks into a moderate home that needs new paint & flooring, rather than see or estimate it till take $2,500 for paint & carpet, they will estimate $5,000 to $7,500 just to be safe & offer that much less. Its good for both buyers & sellers to understand this & think logically about it to make the best decisions.

Thanks. Check back again - Chad Stewart - Westfield Realty Group - Lake City FL Real Estate Broker Associate.

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