What Buyers Should Know About Homes For Sale

by: John Harris

If you’re looking at homes for sale you may think you don’t need to know much about selling a house. You‘d be wrong. Even in a buyer’s market, knowing what sellers are doing to make homes for sale more attractive will give you a leg up. Homes for sale in your market can look better or worse than they are- depending no the steps sellers take.

Homes for Sale: Great Expectations Meet Buyer’s Expectations

While most everyone knows that buyers set the prices of homes for sale, this is a truth sellers often tend to forget. Your tour of homes for sale in your desired market is bound to uncover overpriced houses where hopeful owners set prices based on wishful thinking rather than reality. The good news for you? Typically, these are the listings that eventually show up under “Reduced Homes for Sale” banners. Most buyers suspect that a reduced price, or being on the market for a while, means that there is something wrong with a home. But often, the only problem was that it was overpriced in the first place. Keep an eye open for these reduced homes for sale; you can stumble upon a real bargain, as the owner gets less greedy and more desperate to sell.

Homes for Sale: First Impression

Informed sellers will make a real effort to give a good first impression. That’s why so many homes for sale have freshly paved driveways, just-planted flowers, and newly mulched flowerbeds. You do want to have a good first impression- but don’t be too swayed by it. Curbside appeal of homes for sale has nothing to do with the structural integrity and overall care of the home. On the other hand, a well-maintained gem may not shine if the owner wasn’t savvy enough to address those outer details. You job is to look at homes for sale with a critical eye: water damage, wood decay and mold are far more important than a fresh coat of paint.

Homes for Sale: Picture Perfect

The other thing to be aware of is how homes for sale are portrayed in those glossy real estate magazines you’re bound to pick up. Unless the seller is working with an experienced and wise realtor, cars in the driveway or junk in the yard may clutter the photos of homes for sale. Does this matter to you? It depends. The car in the photo doesn’t matter. It just tells you a novice was taking the picture. What about clutter in the yard? Well, it may tell you about how well homes in the area are maintained. But you won’t really know until you visit for yourself. Again, your job is to look beyond the picture the seller and his or her realtor are trying to paint in order to get the real picture. Visit other homes for sale in the same neighborhood to get an idea of comparable prices. Look closely at walls for signs of water or wood damage. Finally, remember to have an inspection done of any homes for sale you are seriously considering. It’s easy to plant a few flowers- but not so easy to replace damaged floorboards.