Southwick Farm Home Sold
We recently closed on 136 Bradford Circle in the Southwick Farm Subdivision in Clayton. The home sold for $2,000 over list price and was the highest priced home sold in the neighborhood by price per square foot in a year. At over $109 a square foot sale price it was over fifteen dollars higher than the average home sold in Southwick Farm in the same period.
Days On Market In Clayton
The home was on the market for exactly thirty days before the sellers accepted a sales contract which was presented by the buyers after 14 showings and plenty of interest. It almost became a multiple offer situation but the second buyer could not present an offer in time and the offer in hand was a very good one.
Not All Homes Are Created Equal
So what made this home sell for more than list price in 30 days after multiple showings? A couple of reasons unique to this property and some that could be applied to any property, budget and circumstances permitted. The intangibles which not every house is going to be able to replicate were.
- Private 1.07 acre lot with a flat yard, woods in the back and landscaped front yard.
- Second floor unfinished space that was framed and wired for multiple uses.
- Cul De Sac street
- Great Schools
- No City Taxes
- Established finished neighborhood
- Huge Screened in back deck
- Vacant and move in ready
The tangibles which greatly help an older home get sold in todays Clayton real estate market or any part of the Johnston County real estate market or Wake County real estate for that matter is the following.
- New paint
- New carpets
- New appliances
- Seller paid closing costs
What Do You Do When New Homes Are Worth Less Than Yours
There are challenges in todays Clayton NC re-sale real estate market for sellers who often find their competition comes not only from other homes in the neighborhood but from new construction where builders have slashed their prices after either buying lots from banks at a great discount or have buying power and are able to sell homes at better margins. Every home sale is different and not all homes need a complete overhaul but most need something. Time after time the homes that sell the fastest and for the most money have had some but not all of the following upgrades, some done over time as a course of necessity which is the best way to make improvements as you get to enjoy your investment.
Fix These 7 Things Before You Sell Your Home
- New Appliances
- New Carpet
- New Paint
- Hardwood floors.
The problem with houses is they don’t all age equally and it often times has nothing to do with the owner, some homes live a happy life with no regular maintenance and nothing goes wrong. On the flip side you could have a house thats fifteen years old that needs a new roof, new AC new floors, rip out the old appliances and on and on. So the alternative to doing the repairs is selling the house for less, but if the components of the house are doing what they were intended to do at the time they were installed you don’t need to replace them…but you might want to.
When it comes time to decide what you should sell your house for, make an inventory of what major upgrades you have done in the last five years. Get an estimate of how much it would cost to paint the walls, replace the carpet, refinish the hardwoods, replace the appliances. Scary maybe but probably not as bad as you think. The major home improvement stores offer very good deals on appliances if you time it correctly, look for paint deals and flooring specials when they go on sale. Memorial Day, Fathers Day, Fourth of July. Or sell it as is for a little less.
Whatever the circumstances may be of why you have decided to sell your home choose an agent who will promote the positives aspects of your home and be able to sell that to the buyers who may be the new home owners of your house.
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