A friend at Crown Mortgage in Oak Lawn recently shared this report (http://crownmortgage.com/Home_Prices.html) that notes home prices in the Chicago area are finally on the rise-hallelujah! Hopefully that means if you are trying to sell your house (as a few of our neighbors are) your chances of getting a decent price are improving.
Still, to get the best price, your property must be in tiptop condition. That”s probably why Evergreen Door & Window has seen a noticeable rise in the number of people upgrading their windows, doors, roofs, siding, etc., specifically mentioning that they are preparing their homes for sale. These property owners have recognized that buyers have expectations of near perfection to pay anywhere close to asking price these days, and that they seem to have unrealistic ideas of what a project will cost them if they have to have it done themselves, meaning they ask for huge price reductions for these projects.
So, if you’re thinking about selling your home in the near future, you need to be prepared to do needed renovations before you list, or, if that is not financial feasible for you, at least get solid estimates (including pictures of what is quoted) of what certain renovations will cost. That way, potential buyers will know that you are asking a reasonable sale price based on your best information.
Bottom line, do your homework. Either get the work done now, or know what it’s going to cost a potential buyer to do the work, before you list your property for sale. Have the answers ready, and your sales process will be much easier on everyone!
Rae the Renovator