How to sell your home for the most amount of money – Irvine Real Estate – Homes for Sale in Irvine

by Robert Mack on March 9, 2012

in Latest News, Sellers

It’s no secret that the cost to borrow money is very low right now.  Depending on the type and amount of loan program you choose, most home buyers in the Irvine area are securing interest rates below 4%.  Because of this, I have noticed a trend where most buyers are looking for homes that are already in move in condition rather than a “fixer”.  It makes more sense to buy a home that already has what you need versus buying a home that needs work and spending cash out of pocket after you buy to upgrade!  As a seller, it is important to make sure your home shows at its best when you decide to sell.   As a benefit to the home sellers we work with, we go through a comprehensive “Home Enhancement” checklist to ensure that our clients homes make the best first impression! 

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Post by Robert Mack

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{ 2 comments… read them below or add one }

Luke from Peoria March 21, 2012 at 1:45 am

While I can’t argue with your sentiment, I guess I am the exception to the rule as a shopper. I’d rather go after a home that needs a little fixing up, the window dressing type of stuff. It means I get the house at a lower cost and can make it what I want it to be. On the other hand, the fact that I expect a better price only reinforces your advice to buyers!

Robert Mack March 21, 2012 at 6:52 pm

Hi Luke, thanks for your feedback and I do agree with you. It will ultimately depend on each individual buyer. If a certain buyer does have the ability to make certain upgrades after the close of escrow, it does make sense to buy a home at a better price and actually choose their own upgrades, however most of the FHA buyers don’t have extra cash and in many cases, evening borrowing money just to be able to come up with the minimum down payment. For these FHA buyers, financing the upgrades already done, even though they aren’t their first choice makes more sense economically, as it provides them with the opportunity to live in a home they can feel proud of for the time being.

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