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Mistakes to Avoid When Selling Your Home - Ignoring Necessary Repairs

Wednesday, May 22, 2024   /   by Brandon Hutchison

Mistakes to Avoid When Selling Your Home - Ignoring Necessary Repairs

Deferred maintenance refers to postponing necessary repairs or upkeep tasks on your property. Here's an expansion on why addressing deferred maintenance is crucial before listing your home for sale:
1. Impacts first impressions: When buyers tour your home, they are likely to notice any visible signs of neglect, such as leaky faucets, peeling paint, or cracked tiles. These issues can create a negative first impression, suggesting to buyers that the property hasn't been well-cared for and potentially raising concerns about hidden problems.
2. Reduces perceived value: Deferred maintenance can diminish the perceived value of your home in the eyes of buyers. They may view a property with multiple maintenance issues as less desirable or be hesitant to pay top dollar for a home that requires immediate repairs or upgrades.
3. Raises red flags: Buyers may interpret deferred maintenance as a lack of attention to detail or as a signal that the home may have more serious underlying issues. This can erode trust and confidence in the property, leading buyers to proceed with caution or walk away altogether.
4. Negotiation leverage: Buyers may use deferred maintenance as leverage during negotiations, either by requesting price reductions or insisting that repairs be completed before closing. Addressing these issues proactively before listing your home can help you avoid potential concessions and maximize your leverage during negotiations.
5. Enhances marketability: A well-maintained home is more marketable and appealing to a wider pool of buyers. By addressing deferred maintenance before listing your home, you can present it in its best possible condition, increasing its appeal and attracting more interest from potential buyers.
In summary, addressing deferred maintenance before listing your home is essential for maximizing its appeal, perceived value, and marketability. By investing time and resources into necessary repairs and upgrades, you can make your home more attractive to buyers and increase your chances of a successful sale at the best possible price.

Some repairs are a necessity while others may not actually increase the value of your home. Let's talk about what repairs may need to be made for your home to be sold at the best possible price!

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Keller Williams | Hutch & Howard
11400 Parkside Drive, Suite 120
Knoxville, TN 37934
865-966-5005

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Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS. Last updated June 24, 2024 Copyright © 2024
Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2024 Great Smoky Mountains Association of REALTORS®. All rights reserved. Data last updated June 24, 2024
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